The Central Bank of Sri Lanka (CBSL) released its latest Market Operations Report (MOR) on 31 July 2026. The MOR aims to enhance stakeholder understanding of the monetary and foreign exchange operations undertaken by the CBSL in the pursuit of implementation of monetary policy within the Flexible Inflation Targeting (FIT) framework, supported by the flexible…
Oilprice – Oil prices fell sharply in early Asian trade on Monday (03) after President Trump called off another round of military strikes on Iran, raising hopes that a diplomatic route to reopening the Strait of Hormuz and averting a broader regional conflict could be found. At the time of writing, West Texas Intermediate futures were trading…
The national workshop titled “The Road to US$5 Billion” was successfully held on 31st July at Cinnamon Life, Colombo, with the objective of reviewing, validating, and building stakeholder consensus around the strategic roadmap designed to accelerate the growth of Sri Lanka’s digital industry and increase digital export earnings to US$5 billion by 2030. The workshop…
Sri Lanka’s external sector continued to face significant pressure in June 2026, primarily driven by ongoing developments in the Middle East. The Central Bank of Sri Lanka reported a monthly current account deficit of US$ 149 million for June, marking the third consecutive month the account has remained in the red. For the first half…
Exceptional earnings performance driven by operational efficiencies, volume growth and cost optimization Reinforcing sustained value creation through disciplined execution and improved product offerings Harischandra Mills PLC, an Ambeon Group company, reported a strong financial performance for 1QFY27, with Profit After Tax (PAT) growing by 147% year-on-year to LKR 91.8 million. Revenue increased by 31% to…
Building on its robust start to the year, Union Bank sustained its strong performance momentum into the first half (1H) of 2026, delivering strong growth in profitability, core earnings, and balance sheet strength. Reflecting a sharp trajectory of operational efficiency and revenue expansion, the Bank’s Profit Before Tax (PBT) increased by 84% year-on-year to LKR…
The Colombo Consumer Price Index (CCPI, 2021=100) based headline inflation (year-on-year, Y-o-Y) increased to 7.3% in July 2026 from 6.8% in June 2026, primarily reflecting the adjustment in housing rent in the non-food category and the base effect in food inflation. Meanwhile, food inflation (Y-o-Y) accelerated to 6.3% in July 2026 from 3.6% in June…
One year after opening its doors, City of Dreams Sri Lanka has emerged as a defining milestone in the country’s tourism and hospitality journey, establishing a new benchmark for integrated resorts in South Asia. As Sri Lanka’s largest private sector investment and the country’s first integrated resort of this scale, City of Dreams Sri Lanka…
Reuters – Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran. Brent futures fell $1.44, or 1.6%, to $87.59 a barrel by 0658 GMT, while U.S….
The Sri Lanka – France Business Council of The Ceylon Chamber of Commerce concluded its 22nd Annual General Meeting recently at the Galle Face Hotel, Colombo. The Annual General Meeting, followed by a cocktail reception, brought together members, government representatives, members of the diplomatic corps, business leaders and council members. H.E. Rémi LAMBERT, Ambassador of…
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