Today’s announcement by USTR of the finality of the Section 301 investigations into countries’ ability to impose and effectively enforce a prohibition on the importation of goods produced with forced labour sees 18 countries placed on a 10% tariff, with the balance of 42 countries facing a 12.5% tariff. Initial indications were that Sri Lanka…
Recently, China Unicom Beijing and Huawei launched the world’s largest 5G-A GigaUplink commercial network. This innovative network achieves continuous coverage of the 100 MHz network in key areas across Beijing, with over 10,000 base stations deployed. During a live drive test, seven invited third-party media representatives served as “Experience Officers” to witness the network’s “excellent…
Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group), marks its 45th anniversary, celebrating four and a half decades of financial expertise, customer confidence, and meaningful contribution to Sri Lanka’s Non-Bank Financial Institution (NBFI) sector. The milestone reflects the company’s evolution as a trusted financial partner, built on strong relationships, sound governance and a commitment…
Reuters – Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut. Brent futures eased 72 cents, or 0.72%, to $99.97 a barrel as of…
Reuters – The Trump administration on Friday will impose new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires. The move is the White House’s latest effort to restore President Donald Trump’s…
The Commercial Bank of Ceylon has once again underscored its standing as one of Sri Lanka’s most formidable financial institutions, winning six awards – the highest number won by a Sri Lankan bank at the 2026 Asian Banking & Finance (ABF) Awards in Singapore – across three key segments. Presented at the Marina Bay Sands…
A delegation from the Japan International Cooperation Agency (JICA) paid an official courtesy visit to the Sri Lanka Export Development Board (EDB), marking an important engagement between the two institutions to review their longstanding partnership and discuss future initiatives aimed at strengthening Sri Lanka’s export development and economic growth. The visit introduced the newly appointed…
The Ceylon Chamber of Commerce will host an exclusive Business Networking Session with a visiting delegation from the Indian Chamber of Commerce (ICC), India, on 28 July 2026 at the Hilton Colombo Residences, providing Sri Lankan businesses with an opportunity to engage directly with Indian companies and explore new avenues for trade, investment, and commercial…
National Development Bank PLC (NDB/ the Bank) announced its financial results for the six-months ended June 30, 2026 (1H 2026/ period under review), as released to the Colombo Stock Exchange on July 22, 2026. Despite the challenges arising from the fraud uncovered in April 2026, the Bank delivered healthy results, driven by strong core banking…
Reuters – Oil prices rose more than 1.5% to their highest in more than six weeks on Thursday, with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea. Brent crude futures rose $1.93, or 2% to $96 by 0011 GMT, the highest since…
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