The Colombo Stock Exchange (CSE) extended its losing streak for a third straight session today (21), with the All Share Price Index (ASPI) closing lower. Despite the decline, market turnover surged to its highest level in recent trading sessions, driven by a series of large crossings in Cargills (Ceylon) PLC shares. Total market turnover reached…
Sri Lanka’s headline inflation, as measured by the National Consumer Price Index (NCPI), accelerated to 6.5% on a year-on-year basis in June 2026. This represents a significant jump from the 5.4% recorded in May, continuing a steady upward trend that began in early 2026. According to the latest data from the Department of Census and…
BBC – A US federal judge has temporarily blocked the proposed $110bn (£85bn) merger between media giants Paramount Skydance and Warner Bros Discovery. The decision follows a lawsuit brought by a coalition of 12 US states, including California and New York, aiming to halt the deal over concerns it would stifle competition and raise consumer prices….
The Planters’ Association of Ceylon (PA) is calling on the government to treat the systematic theft of high-value agricultural crops as a serious economic threat, warning that unchecked losses are deterring investment, eroding export competitiveness and putting the livelihoods of farmers at risk. Across Sri Lanka’s plantation districts, the organised theft of pepper, ginger, cardamom,…
The Colombo Port City Economic Commission and CHEC Port City Colombo (Pvt) Ltd., in collaboration with the Embassy of Sri Lanka in the Sultanate of Oman, concluded a series of high-level engagements in Muscat aimed at strengthening investment ties between Oman and Sri Lanka while positioning Port City Colombo as South Asia’s gateway for international…
Reuters – Asian stocks gained on Tuesday as mediation efforts in the Middle East pushed oil prices away from a one-month high, while investors braced for a slate of corporate earnings that will test an under pressure AI trade. Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia, a move that could further disrupt energy…
Reuters – Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen’s Houthis. Brent crude futures eased 78 cents, or 0.9%, to $88.44 per barrel by 0415 GMT….
A three-day National Workshop on Data Governance and Artificial Intelligence for Public Sector Transformation, aimed at accelerating the digital transformation of the public sector, commenced in Colombo Monday (20). The workshop is jointly organised by the Division for Public Institutions and Digital Government (DPIDG) of the United Nations Department of Economic and Social Affairs (UN…
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. In terms of the FTRA, the penalty may be prescribed by taking into consideration…
The Colombo Stock Exchange (CSE) witnessed a sharp decline in its benchmark indices today (20), with the All Share Price Index (ASPI) falling by 197.31 points and the S&P SL20 Index declining by 56.46 points. At the close of trading, the ASPI stood at 21,208.10, while the S&P SL20 Index settled at 5,943.22. Despite the…
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