Reuters – Oil prices were up more than 1% on Monday as peace talks between the U.S. and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. Brent crude futures rose $1.35, or 1.3%, to $106.68 a barrel by 0453 GMT, retreating from early session gains of over $2 a barrel….
Janashakthi Limited has issued a formal response to the Colombo Stock Exchange (CSE) addressing recent criticisms regarding the basis of share allotments to “non-retail investors” following its latest Initial Public Offering (IPO). The Janashakthi IPO was a landmark event for the local capital market, valued at over Five Billion Rupees, making it the largest IPO…
Gross Written Premium (GWP) at Rs. 30.3 billion, sustaining portfolio strength. New Business Volume up Rs. 12.5 billion, a sharp rise from Rs. 8.3 billion in 2024. Profit Before Tax at Rs. 3.3 billion, demonstrating financial stability. Insurance claims and benefits amounting to Rs. 12.3 billion paid out, endorsing reliability. Strategic investments of Rs. 12.8…
Sri Lanka made a vibrant presence at the 20th Beijing International Tea and Tea Ceremony Exhibition (Spring Edition), held from April 17–20, 2026, at the National Agricultural Exhibition Center in Beijing, promoting world-renowned Ceylon Tea and its uniqueness. The exhibition, spanning a record 30,000 square meters, featured 700 domestic and international tea enterprises across 1,300 booths, showcasing a wide range of teas…
The Sri Lanka Export Development Board (EDB), in collaboration with the Japan International Cooperation Agency (JICA) and the Embassy of Sri Lanka in Japan, is pleased to announce the successful completion of Sri Lanka’s second participation at Japan IT Week Spring 2026, held from April 6th to 10th at Tokyo Big Sight, Japan. At the…
At a pivotal moment for Sri Lanka’s Knowledge and Innovation sector, Deloitte Sri Lanka recently shared key insights at a focused industry session organised by the Sri Lanka Association of Software and Services Companies (SLASSCOM). Held during a period of significant regulatory and economic shifts including the transition away from tax holiday regimes and the…
Reuters – Oil climbed on Monday as stalled U.S.-Iran peace talks prolonged the disruption of Middle East energy exports, while renewed excitement about artificial intelligence spending drove up chip stocks at the beginning of a week where war, central banks and tech earnings are in focus. Benchmark Brent crude futures rose around 2% to touch…
Reuters – The chief of Europe’s securities regulator said the risks from and potential speed of cyberattacks are growing, joining a chorus of warnings from financial supervisors on the threats posed by artificial intelligence models that are evolving quickly. Geopolitical tensions have increased cybersecurity risks and the regulator has been contacting financial entities it supervises…
The Sri Lanka Police have issued a warning to the public about a dangerous new financial scam being carried out through “.apk” files sent via WhatsApp and Telegram. According to authorities, these malicious files are often disguised as wedding invitations, electricity bills, or prize notifications. Users may mistakenly believe they are opening an image or…
Nestlé Lanka Limited has announced the appointment of Manav Sahni as its Chairman and Managing Director effective 01 May 2026. He will be succeeding Bernie Stefan, who will be transitioning to a new global role within the Nestlé Group. Bernie Stefan led Nestlé’s Sri Lankan operations through a particularly challenging time since 2023 – and…
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