Reuters – Asian stocks struggled for direction in volatile trading on Thursday after a week of market turbulence sparked by AI jitters, as a divided Federal Reserve stood pat on rates and left bond markets uncertain about the next move. Brent futures slipped below $90 per barrel, after jumping over 7% a day earlier as fighting in the Middle East escalated,…
Reuters – Oil prices erased some of their previous gains on Thursday, despite escalating attacks in the Gulf as investor focus shifted to supply flows through the key chokepoints in the region. Brent futures fell 96 cents, or 1.06%, to $89.78 a barrel as of 0418 GMT. U.S. West Texas Intermediate (WTI) crude fell 64…
The National Packaging Centre (NPC) in collaboration with the Export Agriculture Division (EAD) of the Sri Lanka Export Development Board (EDB), successfully conducted a workshop on “Cinnamon Packaging and Compliance with EU Regulations” for members of the GI Association, exporters, and potential exporters. Held on 22nd July 2026 at the DHPL Training Arena, the program…
The unique index gains lost ground amid global risks and domestic uncertainties Even as Sri Lanka earned recognition as the world’s best island destination to visit in 2026, the country continued to attract global attention for all the wrong reasons. The national focus shifted to prison overcrowding and the deadly unrest in Negombo, leading to…
New service at Bandaranaike International Airport, Hiriketiya, Ella and Arugam Bay makes self-service banking more accessible to international visitors and Sri Lankans DFCC Bank has introduced Sri Lanka’s first ATMs and Cash Recycler Machines (CRMs) offering transactions in eight languages, enabling international visitors and local customers to withdraw or deposit cash in the language most…
John Keells Holdings (JKH) has planned a significant expansion of its Consumer Foods portfolio by entering Sri Lanka’s Quick Service Restaurant (QSR) segment. This strategic move will be marked by the rollout of Wendy’s, a globally recognized restaurant brand. The conglomerate confirmed that all relevant franchise agreements and necessary preliminary work have been concluded. This…
John Keells Holdings (JKH) has delivered a strong start to the 2026/27 financial year, reporting a 26% increase in Group EBITDA to Rs. 16.35 billion for the first quarter ended June 30, 2026. The performance highlights a significant turnaround in profitability and robust growth across key infrastructure and consumer segments. Financial Turnaround and Key Drivers…
CSE Clear (Private) Limited proudly celebrates its first anniversary today (28th July 2026), marking a significant milestone in the evolution of Sri Lanka’s capital market. Established as the country’s first Central Counterparty (CCP), CSE Clear, a fully owned subsidiary of the CSE, has successfully completed its inaugural year of operations, reinforcing market resilience, enhancing settlement…
Colombo Dockyard PLC (CDPLC), the leader of Shipbuilding Industry in Sri Lanka has carved out a name as one of the most preferred Cable Laying Vessel building shipyards in the world. CDPLC signed a Shipbuilding Contract with Global Marine Systems Limited of U.K. to build a Cable Laying and Repair Vessel. The Contract was signed…
In a move to ensure market transparency and quell ongoing speculation, ODEL PLC has released a formal corporate disclosure regarding the current status of its flagship “Odel Mall Project” located in the heart of Colombo 07. The mixed-use development, which was originally designed to encompass two distinct zones, has undergone a strategic revision. According to…
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