Reuters – Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in…
SriLankan Airlines has resumed flights between Colombo and Kuwait, re-establishing air connectivity between the two destinations with a six-weekly service from today (8 August). According to the airline, flight UL229 from Colombo to Kuwait will operate every Monday, Tuesday, Thursday, Friday, Saturday and Sunday, departing Colombo at 5:10 p.m. and arriving in Kuwait at 8:05…
The Derana Colombo International Kite Festival has grown into one of Sri Lanka’s most recognized international cultural and tourism events, bringing together people from around the world through the universal language of kite flying. The journey began in 2015 as the Lokaya Saha Lokayo Kite Festival, organized by the Derana Kite Team with the vision…
Sri Lanka’s official reserve assets saw a notable recovery in July 2026, increasing by USD 133 million, according to the latest statistics released by the Central Bank of Sri Lanka (CBSL). This marks a 2.1% growth from the previous month, bringing the total reserves to USD 6,591 million by the end of July. The reserves had…
The Fourth Round of Bilateral Consultations between the Ministries of Foreign Affairs of Sri Lanka and the Sultanate of Oman was successfully held in Muscat on 3 August 2026, providing an important platform to review the progress of bilateral relations and identify new avenues for cooperation in trade, investment, digitalisation, connectivity, innovation and human capital…
Asahi Dyes and Chemicals SL opens US$ 20.4 million advanced manufacturing facility at Biyagama Export Processing Zone, creating 281 direct employment opportunities Sri Lanka’s high-value manufacturing and export sector received a significant boost today with the official opening of the state-of-the-art manufacturing facility of Asahi Dyes and Chemicals SL (Pvt) Ltd. at the Biyagama Export…
The Ceylon Chamber of Commerce and the Southern Gujarat Chamber of Commerce & Industry (SGCCI), Surat, India, renewed their Memorandum of Understanding (MoU), reaffirming a commitment to strengthening business engagement between Sri Lanka and Gujarat. The renewed MoU was signed by Krishan Balendra, Chairperson of The Ceylon Chamber of Commerce, and Mr. Ashok Jirawala, President…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 15,836 million and a Profit After Tax (PAT) of Rs. 635 million for the 1st Quarter ended 30th June 2026, compared to a turnover of Rs. 12,544 million and a PAT of Rs. 668 million, in the same period last year. The…
Performance Review for the Three Months Ended 30th June 2026 The Group recorded revenue of Rs. 28.77 Bn in Q1 FY27, an increase of 0.9% YoY, while gross profit margin improved by 0.2 percentage points to 30.4%. However, EBITDA declined by 14.1% to Rs. 2.26 Bn and Group earnings attributable to equity holders declined by…
Reuters – Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules. Brent crude futures rose 80 cents, or 0.97%, to $83.29 a barrel by 0303 GMT….
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