The Teejay Group recorded revenue of LKR 60.04 billion during the period, reflecting a 10% year-on-year decline, primarily due to continued softness in global textile demand. This performance was largely impacted by reciprocal tariffs imposed by the United States, intensified pricing pressures across key markets, and the resulting decline in volumes, all of which collectively…
Exclusive cardholder spend campaign delivers once-in-a-lifetime global football experience The Commercial Bank of Ceylon, in collaboration with Visa, has rewarded two of its credit cardholders with an extraordinary opportunity to witness the Final of the FIFA World Cup 2026 in the United States, one of the most coveted events in global sport. Selected through a…
Reuters – Asian stocks were wobbly on Wednesday, a day after a global selloff in technology and semiconductor shares, with analysts cautioning about the risk of renewed volatility. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.02%. South Korean share which plunged 10% on Tuesday in their sharpest one-day drop since March, jumped 2.2%, while…
Amana Takaful PLC has successfully closed its Rights Issue, raising more than Rs. 1 billion through the allotment of over 52.8 million new ordinary voting shares priced at Rs. 19 each. The offer, extended exclusively to existing shareholders, was oversubscribed by 68.8%, signaling solid investor confidence in the company’s direction. The response builds on a…
Reuters – Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks. Brent crude futures fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate declined to $72.99 a barrel, down 87…
Sri Lanka has earned a prestigious spot in the 2026 global medical tourism landscape, ranking 49th among the world’s most sought-after healthcare destinations. The island nation is increasingly recognized for its sophisticated “integrated healthcare journeys,” which combine high-quality clinical procedures in fields like cardiology, oncology, and fertility treatment with world-renowned Ayurveda traditions. From the advanced…
Sri Lanka is now one of the easiest international luxury getaways for travellers from Gujarat. Starting 19 June 2026, FitsAir, Sri Lanka’s first private international airline, will launch direct flights between Ahmedabad and Colombo, offering seamless access to the island nation in just 3 hours and 40 minutes. Launched in partnership with City of Dreams…
As Sri Lanka pursues an ambitious target of US$ 36 billion in export earnings by 2030, exporters are urging authorities to address a series of long-standing regulatory, operational and policy issues that affect competitiveness across several sectors identified as priorities for the country’s export growth agenda. The National Chamber of Exporters of Sri Lanka (NCE)…
Within seven months of completing the acquisition of Mirotone NZ Limited, JAT Holdings PLC has commenced the brand’s re-entry into Australia through its subsidiary, Mirotone Australia Pty Ltd. The milestone marks an early step in converting the growth plan presented to investors at the time of the transaction into commercial execution and reinforces the Group’s…
Mr. M.R.A.G.B. Muthukude, a Senior Officer of the Special Grade of the Sri Lanka Accountants’ Service, has been appointed as the new Director General of the Department of Management Audit of the General Treasury. During his long public service career of nearly thirty years, he has held many responsible positions such as Director and Additional…
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