(Reuters) – Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as the dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a U.S. Federal Reserve monetary policy decision. Spot gold rose 0.6% to $5,219.97 per ounce, as of 0153 GMT, after scaling…
A total of 223,645 tourists have arrived in the country thus far in 2026, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 41,603 tourists have arrived from India which accounts to 19.0%. Furthermore, 23,329 persons from the United Kingdom, 22,876 from Russia, 14,431…
Janashakthi Finance PLC, formerly known as Orient Finance PLC and a subsidiary of JXG (Janashakthi Group) announced a strong financial performance for the nine-month period ended 31 December 2025, driven by sustained growth in its core businesses, disciplined execution and continued focus on scale and efficiency. Commenting on the results, Rajendra Theagarajah, Chairman of Janashakthi…
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on the domestic front and global uncertainties. The Board is of the view that the current monetary policy…
Fitch Ratings has affirmed Sri Lanka-based power generator WindForce PLC’s National Long-Term Rating at ‘A+'(lka). The Outlook is Stable. WindForce’s rating reflects its growing scale as a prominent renewable power generator in Sri Lanka and several regional markets, its resource diversity and contractual cashflows via long-term power purchase agreements (PPAs). WindForce’s rating is constrained by…
Reuters – Shares in HSBC rose as much as 3% to a new record high on Tuesday, briefly lifting the bank’s market value above $300 billion and putting it neck-and-neck with AstraZeneca for the top spot in London’s FTSE 100 index. By 1050 GMT, HSBC shares rose 2.8% to 12.77 pounds, bringing gains so far this year…
Reinforcing its position as Sri Lanka’s largest lender to small and medium enterprises (SMEs), the Commercial Bank of Ceylon has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to significantly expand the Bank’s capacity to lend SMEs nationwide. Under this partnership, IFC will provide risk cover for a US$60…
The European Union is India’s largest trading partner, and the free trade deal, dubbed as the “mother of all trade deals” by the EU chief herself, is expected to expand bilateral trade and investment, particularly in sectors affected by Trump tariffs. India and the European Union (EU) have concluded negotiations for a proposed free trade…
The Sri Lanka Association for Software and Services Companies (SLASSCOM) is accelerating Sri Lanka’s startup ecosystem by giving 25 high-potential local startups unprecedented global exposure through a fully funded, six-week international residential entrepreneurship programme at IIT Madras Pravartak, India. Supported by the High Commission of India in Sri Lanka and delivered in partnership with one…
Sri Lanka is set to make a remarkable presence at Gulfood 2026, one of the world’s largest and most prestigious food and beverage exhibitions, organized by the Sri Lanka Export Development Board (SLEDB). With its participation, the island nation aims to showcase its rich food ingredients, premium-quality products, and dynamic export potential on a truly…
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