The Colombo Stock Market recorded a strong performance today (09), with the All Share Price Index (ASPI) crossing the 22,000 mark once again, after having previously surpassed the level before pulling back. The ASPI rose by 439.46 points, or 2.04%, to close at 22,034.32. The S&P SL20 also advanced, gaining 77.47 points (1.31%) to end…
The Government of Sri Lanka has arranged a loan of USD 30 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of the Secure, Affordable, and Sustainable Energy for Sri Lanka Project. The Financing Agreement for this operation was signed on December 03, 2025, by Dr. Harshana Suriyapperuma,…
Reuters – Sri Lanka’s fragile economic recovery will be delayed as Cyclone Ditwah’s devastation of homes, roads and vital crops pushes more families into poverty, with officials warning the bill to rebuild could soar to $7 billion. The worst economic crisis in decades, which peaked in 2022, had already doubled Sri Lanka’s poverty rate to…
The Export Development Board (EDB) of Sri Lanka is set to organize the country’s largest-ever Business-to-Business (B2B) pavilion at the prestigious Gulfood International Trade Fair 2026, scheduled to take place from January 26-30, 2026, in Dubai, UAE. A special media briefing was held today at the Export Development Board (EDB), presided over by Mr. Mangala…
The Securities and Exchange Commission of Sri Lanka (SEC) has issued a public alert stating that “Gladius South Asia” is not licensed to operate as a market participant either within Sri Lanka or overseas. In its announcement, the SEC clarified that it does not regulate or grant licenses for entities operating in foreign jurisdictions, countering…
Reuters – Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a $72 billion equity…
By Dr Manoj Thibbotuwawa and Chandula Idirisinghe Cyclone Ditwah destroyed early-stage Maha season paddy, vegetables, and perennial crops, disrupting both current and upcoming harvests. Together, rising prices, lower production, and declining purchasing power are likely to intensify food insecurity and further undermine nutrition. Restoring transport links, supporting farmers to replant, protecting vulnerable households and strengthening…
Sanasa Life Insurance Company PLC has announced that its registration to carry out long-term insurance business has been suspended by the Insurance Regulatory Commission of Sri Lanka (IRCSL). According to a disclosure made to the Colombo Stock Exchange (CSE), the IRCSL issued a letter dated 5 December 2025 (Ref: IRCSL/DG/LEG/2025/12/754) invoking Sections 18(1)(d), (f), (g)…
Canary Wharf Holdings Pte Ltd, based in Singapore, marked a major milestone on the 27th of November 2025 with the successful announcement event of Colombo Gateway One to be developed within Port City Colombo, an extension of Colombo’s existing Central Business District. The event, held at Port City Colombo’s Sales Gallery, welcomed leading corporates and high-net-…
Reuters – South African supermarket retailer SPAR Group, opens new tab is negotiating the sale of its UK business as it narrows its focus to core markets and rolls out new growth formats, it said on Monday. The South African company, which owns several country licences of the Dutch SPAR group, has exited Switzerland and…
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