As climate disclosure requirements, investor expectations, and sustainability-related regulations continue to evolve globally, organisations are increasingly recognising sustainability as a strategic business imperative rather than a compliance exercise. This was a key theme emerging from Deloitte Sri Lanka’s exclusive client session, “From Compliance to Capital: Turning Climate Disclosure into Strategic Advantage”, held on 27 May…
Reuters – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured Musk has…
Sri Lankan Marine & Offshore Services Companies Successfully Complete Participation at Posidonia 2026 in Greece The Sri Lanka Export Development Board (EDB) successfully organized Sri Lanka’s participation at Posidonia 2026, held from 1st to 5th June 2026 in Athens, Greece, marking a significant milestone in promoting Sri Lanka’s Marine & Offshore Services (M&OS) sector on…
Reuters – Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures fell $1.83 or 2% to $88.55 a barrel at 0410 GMT, while U.S. West Texas Intermediate (WTI)…
World Bank Group Ready to Provide up to $100 Billion for Affected Countries over 15 Months The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global…
Oilprice.com – Oil prices could hit $150 per barrel if hostilities between the United States and Iran escalate further from the current, most testing period in the ceasefire, according to intelligence firm Rystad Energy. Renewed hostilities would further deepen the supply shut-ins in the Middle East as the war risk and the near-closed Strait of…
Recognising the rapid emergence of the gig economy in Sri Lanka, the Commercial Bank of Ceylon has introduced ‘ComBank GIG+’ – a specialised banking solution designed for freelancers, digital entrepreneurs, social media influencers, and individuals and businesses earning in foreign currency through overseas engagements to receive their foreign earnings, including PayPal-linked withdrawals, through a structured…
Sri Lanka’s leading digital payment acceptance platform Payable has announced its acquisition by regional tech powerhouse Short Circuit, marking a significant milestone in Payable’s journey to scale digital payments across the country. The acquisition is set to significantly enhance Payable’s digital payment capabilities and expand its merchant network, strengthening its position within Sri Lanka’s evolving…
SriLankan Airlines is pleased to announce strategic partnerships with Saudia (SV) and Flynas (XY), further strengthening air travel links between the Kingdom of Saudi Arabia and Sri Lanka. This collaboration significantly expands SriLankan Airlines’ network reach, enabling travellers to access a wider range of destinations through convenient domestic and international connections. Under this arrangement, Saudia…
By Professor Devaka Weerakoon, Department of Zoology and Environment Science, University of Colombo Sri Lanka’s decision to phase out oil palm cultivation has been shaped by perception rather than policy. At the center of the debate lies a powerful claim: that oil palm poses a significant threat to biodiversity and the environment. Scientific evidence however,…
Video Story
