Reuters – Oil prices fell on Tuesday, erasing most of the previous session’s gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities. Brent crude futures were down 91 cents, or 1%, at $93.34 a barrel…
The Sri Lanka Institute of Tourism and Hotel Management (SLITHM), the apex government institution for tourism and hospitality education operating under the Ministry of Foreign Affairs, Foreign Employment and Tourism, marked a significant milestone on 08 June 2026 with the official signing of a Memorandum of Understanding (MoU) with the Central Academy of Culture and…
ASPI Slumps 1.57% in Single Day The Sri Lankan stock market experienced a notable downturn today (08), with both major indices closing in the red as investors reacted to escalating geopolitical tensions in the Middle East and a broader sell-off in regional markets. The benchmark All Share Price Index (ASPI) shed 340.85 points, closing at…
Sampath Bank PLC today marked a significant milestone in its growth journey with the official opening of its Colombo Port City Branch, reinforcing its commitment to supporting Sri Lanka’s emergence as a globally connected financial and investment destination. The opening ceremony was attended by the Sampath Bank Board of Directors, Corporate Management, representatives of the…
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a key player in Sri Lanka’s capital markets landscape, secured several global and local sustainability affiliations during FY 2025/26 while deepening its commitment towards responsible finance, climate accountability, financial inclusion and long-term stakeholder value creation. The year saw the company secure multiple globally recognised…
The Ceylon Chamber of Commerce is pleased to announce that the 26th edition of the Sri Lanka Economic and Investment Summit will be held on 12 and 13 October 2026, with preparations now being finalised, as the country’s foremost economic policy forum returns for another year of dialogue on issues of national importance. Engagements with…
Mogo Media Academy successfully held its Inaugural Graduation Ceremony on the 4th of June 2026 at the BMICH Lotus Hall, marking a major milestone in the academy’s journey of shaping Sri Lanka’s next generation of creative professionals. The ceremony celebrated the achievements of the academy’s first and second student batches, with a total of 115…
Reuters – Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel’s launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran. Sounds of blasts were heard – in Tehran, Tabriz and Isfahan, local media reported early on Monday, eroding…
Colombo Port City reached a significant milestone in its development as a leading regional business and investment destination, following Cabinet approval granted in April 2026 to 77 Businesses of Strategic Importance (BSIs) under the Regulations of the Colombo Port City Economic Commission Act. The approvals represent a major step forward in the growth of the…
Fitch Ratings: World growth prospects have been hurt by the oil crisis prompted by the US-Iran war, Fitch Ratings says in its latest Global Economic Outlook (GEO). This has led to Fitch lowering its 2026 forecast for global growth by 0.2pp to 2.4%. Forecast cuts have been widespread as higher inflation squeezes real wages, dampens…
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