Fitch Ratings – The U.S. Supreme Court ruling on February 20 invalidating the Trump administration’s use of the International Emergency Economic Powers Act (IEEPA) to levy broad-based tariffs on imports from most countries slashes the U.S. effective tariff rate (ETR) by more than half, from 13% to around 5% to 6%, says Fitch Ratings. However,…
The units of the “CAL Three Year Closed End Fund” were officially listed on the Colombo Stock Exchange (CSE) recently. Accordingly, a total of 841,263,375 units of the ‘CAL Three Year Closed End Fund’ were listed by Capital Alliance Investments Ltd (CALI), a member of the Capital Alliance Ltd Group (CAL Group). The listing was…
LKR 143Bn Loan Growth, up 50% YoY Profit After Tax of LKR 19.3Bn, up 15% YoY Net Stage 3 Ratio of 0.91% Tier I Capital Ratio at 19.61% Total Capital Adequacy Ratio of 20.72% Return on Equity 21.86% Nations Trust Bank PLC (NTB) delivered a strong end to the financial year, reporting robust financial results…
Reuters – Asian stock markets stuttered in early trade on Tuesday as a selloff on Wall Street overnight rattled investors, with sentiment hurt by heightened uncertainty over U.S. President Donald Trump’s tariff policy and rising geopolitical tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan, opens new tab flipped from gains to losses following a…
Reuters – Gold prices fell from a more than three-week high on Tuesday, as pressure from a stronger dollar outweighed support from U.S. tariff uncertainty and Washington-Tehran tensions. FUNDAMENTALS Spot gold fell 1.5% to $5,150.38 per ounce by 0125 GMT after hitting a more than three-week high earlier in the day. U.S. gold futures for…
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 2.4% in January 2026, compared to 2.9% in December 2025, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 3.4% in January 2026 compared to 4.4% in December…
TWC Capital (PVT) LTD, the corporate financial advisory arm of TWC Holdings, acted as the exclusive buy-side financial adviser to CBL Group on its acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large-scale coconut processing facility in Indonesia, with an investment exceeding USD 25 million. This transaction marks TWC Capital’s third cross-border mergers and…
The Court of Appeal intervened in the escalating controversy over whether foreign tourists may lawfully drive tuk-tuks in Sri Lanka using International Driving Permits together with covering permits issued under Sri Lankan law. In C.A. (Writ) 1154/25, Hon. Justice Dhammika Ganepola and Hon. Justice Adithya Patabendige granted Interim Orders preserving the existing legal framework and restoring…
Sri Lanka Tourism Promotion Bureau (SLTPB ) will be kicking off its exclusive promotional activities at the ITB 2026 , scheduled to be held in Messe , Berlin . This Prestigious event, in which Sri Lanka has been a regular participant over the years, will be held from 3rd to 5th of March 2026 . …
Two Sri Lankan beaches — Mirissa Beach and Bentota Beach — have been ranked among Asia’s leading coastal destinations in the 2026 Travelers’ Choice Awards Best of the Best Beaches list released by Tripadvisor. Mirissa Beach secured fifth place on the prestigious list, while Bentota Beach was ranked seventh among Asia’s most celebrated beaches. According…
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