Reuters – Gold inched higher on Tuesday, ahead of the release of U.S. inflation data later in the day that could shed more light on the Federal Reserve’s interest rate path. Spot gold was up 0.1% at $3,346.94 per ounce, as of 0151 GMT. U.S. gold futures were flat at $3,355.60. “Gold has shown in the…
The Colombo Stock Exchange (CSE) reached a historic milestone today (15) as the All Share Price Index (ASPI) surpassed the 19,000-points mark for the first time in the capital market’s history. The ASPI crossed the milestone at 09:34 a.m.
A meeting between President Anura Kumara Dissanayake and Chief Executive Officer (CEO) of the Saudi Fund for Development (SFD) Sultan A. Al-Marshad was held yesterday afternoon (14) at the Presidential Secretariat. The primary focus of the discussion was to assess the current progress of projects implemented with assistance from the Saudi Fund for Development and…
The signing of Bilateral Amendatory Loan Agreements with the Saudi Fund for Development in relation to the present External Debt Restructuring Process is a significant milestone of External Debt Restructuring of Sri Lanka. The Kingdom of Saudi Arabia has played a pivotal role by providing continuous loan disbursements, even after Sri Lanka declared a debt…
Transaction value LKR 3.2 billion One of Sri Lanka’s largest mergers and acquisitions was recently concluded between the promoter shareholders of East West Properties PLC and business magnate Dhammika Perera with Brigjin as the transaction advisor to the promoter shareholders. The landmark transaction on the divestiture of a 77.4% stake of East West Properties PLC…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, marked a significant milestone—20 years since its landmark listing on the Colombo Stock Exchange (CSE) in July 2005. To commemorate this milestone, a ceremonial bell-ringing was held, attended by the senior management of Dialog and CSE. Dialog’s Initial Public Offering (IPO) raised Rs. 8.5 billion and was…
Smart Drain’, designed and developed by Dr. Nadeesha Chandrasena and team from Sri Lanka, was among the ten winners of the prestigious WIPO Global Awards which celebrate world changing innovations in health, climate, agrifood, creative industries and ICT. The prestigious award ceremony was held in Geneva on 11 July 2025, where WIPO Director General Daren…
At a media conference held today, the Information Communication Technology Agency (ICTA), in collaboration with LankaPay and under the guidance of the Ministry of Digital Economy, showcased the growing success of GovPay, Sri Lanka’s official Government Digital Payment Platform. The briefing also highlighted the pilot rollout of the online traffic fine payment system and marked…
The new schedule offers passengers greater flexibility and convenience, reinforcing FitsAir’s commitment to affordable, on-time regional travel. In response to strong demand and growing trade and tourism ties between Sri Lanka and Bangladesh, FitsAir is proud to announce that its Colombo–Dhaka service will operate daily from August 18, 2025. This strategic expansion follows a steady…
Sri Lanka Embassy in Brussels and ‘Karunakarala Ayurveda Resort’ in Waikkal Sri Lanka, in collaboration with the Union Luxembourgeoise de Tourisme (ULT) in Luxembourg, organized ‘Sri Lanka Ayurveda Evening’ on 2nd July 2025 at Goeres Hotel in Luxembourg. The event aimed to promote Sri Lanka as a premier wellness tourism destination in Luxembourg which attracted over 70…
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