(Reuters) – Donald Trump is expected to meet global business leaders in Davos on Wednesday, sources familiar with the matter said, as the U.S. President’s presence looms large over the annual gathering of the global elite in Switzerland. Business leaders, including CEOs in financial services, crypto and consulting, were invited to a reception after Trump’s…
But risks are rising, including from the concentration of tech investment and the negative effects of trade disruptions, which may build over time IMF – Global economic growth continues to show notable resilience despite significant US-led trade disruptions and heightened uncertainty. Our latest projections indicate that global growth will hold steady at 3.3 percent this year, an…
UST Acquires Leading Fintech Innovator Tailwind Acquisition of key Texas and Brazil-based firm increases UST’s standing in the rapidly growing market for digital banking solutions and support services UST, a leading AI and technology transformation solutions company, has acquired Texas based fintech company Tailwind Business Ventures, strengthening its position in a dynamic sector while also expanding its presence…
The Baladaksha Mawatha flyover was declared open to the public today (19). Constructed to facilitate traffic from Galle Face towards Chittampalam A. Gardiner Mawatha in Kompanna Vidiya, the flyover is 340 metres long and 11 metres wide. This is the third flyover completed under the flyover development project aimed at reducing traffic congestion in Colombo….
The United Kingdom remains one of Sri Lanka’s most important trading partners and is currently the second-largest export destination for Sri Lankan goods. In a significant move to strengthen trade relations with developing countries, the UK introduced the Developing Countries Trading Scheme (DCTS) with effect from 19 June 2023, granting preferential market access to 65…
Two New Division Directors Added to Support the Region Sarvesh Suri is named IFC’s Regional Vice President for Asia and the Pacific, bringing 25 years of global investment and development expertise as well as a proven track record of fostering public-private collaborations. In making the announcement, IFC confirmed that Suri will strategically lead all investment…
It has been observed through complaints received at various police stations across the island that individuals are being deceived into fraudulently transferring money to accounts linked to organized smugglers and criminals. These scams are carried out by falsely claiming to offer overseas and local job opportunities, prize winnings, or by making false allegations of legal…
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 60.9 in December 2025, indicating a continued expansion in manufacturing activities. All sub-indices contributed positively to this increase, mainly supported by seasonal demand, despite adverse weather-related disruptions experienced at the beginning of the month. Sri Lanka Purchasing Managers’ Index for…
First Capital Holdings PLC (the Group), a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment landscape, is set to host the 12th edition of its renowned ‘First Capital Investor Symposium’ on 22 January 2026 at Cinnamon Life Colombo, starting from 5.30 pm onwards. The 12th Edition will focus on Sri…
Reuters – U.S. stock futures slid on Monday after President Donald Trump threatened to slap extra tariffs on eight European nations until the U.S. is allowed to buy Greenland, pushing the dollar down on the safe-haven yen and Swiss franc. Gold and silver both jumped to all-time highs, while oil slipped on concerns about what an all-out trade war…
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