The Peoples Republic of China was founded by the Chinese Communist Party on 1st October 1949 & will be celebrating its 77th anniversary this year. Sri Lanka (then Ceylon) recognized it when many didn’t as latter has had centuries old relations with the great Chinese civilization. China is the only permanent member of the UN…
Young people in Sri Lanka are entering one of the most daunting job markets in recent history, confronting Asia’s highest rate of educated youth unemployment alongside severe emergency economic restrictions. According to International Monetary Fund (IMF) research, joblessness among young people (ages 15–24) with advanced or postsecondary education in Sri Lanka has reached 43 percent….
Ambassador of Sri Lanka to the Republic of Korea, M.K. Pathmanaathan recently visited the Busan Chamber of Commerce and Industry (BCCI), where he met with senior officials of the Chamber, including Yang Jae Saeng, President of the Busan Chamber of Commerce and Industry. Executive Vice President, Jung Hyun Min and Executive Director Lee, Kyu Jung,…
Global coal demand is forecast to rise 1.2% to a record 8.94 billion tonnes in 2026, with Chinese demand reaching about 5 billion tonnes and Indian demand 1.353 billion tonnes. Higher gas prices caused by reduced LNG flows through Hormuz are encouraging gas-to-coal switching, while strong El Niño conditions are adding cooling demand and reducing…
Dual recognition underscores how ESG principles drive leadership in financial performance, sustainability and inclusive growth Reaffirming its undisputed leadership in Sri Lanka’s banking landscape, the Commercial Bank of Ceylon has secured two of the most coveted accolades at the Euromoney Awards for Excellence 2026, winning the titles of ‘Best Bank in Sri Lanka’ and…
Citypak by Advantis, the domestic courier arm of Advantis Group, the transportation and logistics arm of Hayleys PLC, has entered into a strategic collaboration with PickMe to launch PickMe Courier, a new island-wide parcel delivery feature integrated into the PickMe app. The collaboration brings together Citypak’s expanding logistics capabilities with PickMe’s widely used digital mobility…
Reuters – Warren Buffett stepped down on Friday as chairman of Berkshire Hathaway, ending more than six decades building the conglomerate and making himself perhaps the world’s most revered investor. Buffett, 96, was named chairman emeritus, with his oldest son Howard Buffett, 71, a director since 1993, becoming non-executive chairman. The change came nearly nine…
The 5 MW “Diyajanani” Floating Solar Power Plant, constructed on the Ibbankatuwa Tank in Dambulla under the Government’s national programme to generate electricity using sustainable energy, was connected to the National Grid this afternoon (18) under the patronage of President Anura Kumara Dissanayake. Constructed across an area of 10.5 acres, this solar power plant will…
The Digital Marketers Association of Sri Lanka (DMASL) is set to host Digital Summit Asia | Sri Lanka 2026, powered by Visa, a global leader in digital payments, on 1st and 2nd October 2026 at Water’s Edge, Colombo. The Summit will bring together leading voices from across Asia’s digital, marketing, creative, technology and business communities….
Crude oil prices were on course for a weekly decline after a three-week series of gains, as traders’ fears about Saudi Arabia’s ability to continue exporting oil appeared to have been quelled by reports about ship-to-ship transfers in the Gulf of Oman. At the time of writing, Brent crude was trading at $103.65 per barrel,…
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