Reuters – Asian shares rose while oil prices remained elevated on Wednesday as markets looked for signals that a shaky truce between the United States and Iran will be extended. Brent crude traded near $100 per barrel, and the greenback held gains from the previous session after Iran said the U.S. had violated a ceasefire….
SLBA says no threat to safety of customer deposits or overall integrity of the financial system Losses being absorbed by the institutions without any impact on public deposits Recent incidents do not reflect systemic weaknesses across the banking industry Nevertheless, banks to carryout in-depth review of operational processes to ensure integrity Sri Lanka’s banking sector…
The SLT Group reported a strong start to 2026, delivering double-digit revenue growth and significantly higher profitability in the first quarter compared to Q1 2025, driven by sustained demand for broadband (internet) services and strong gains in operating profit and net earnings, marking the highest operating profit and net earnings in the Group’s history. Speaking…
Reuters – Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried out strikes in southern Iran in what it described as defensive actions, keeping markets on edge as a deal to end the war eludes both sides. Brent futures climbed $1.40, or 1.5%, to $97.56 a barrel…
The Monetary Policy Board, at its meeting held yesterday, decided to increase the Overnight Policy Rate (OPR) by 100 bps to 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the domestic and global fronts. The uncertainties arising from the heightened tensions in the Middle East have prompted…
Dialog Axiata PLC, the country’s leading telecommunications service provider, reached a significant milestone yesterday (25) by becoming the largest listed company on the Colombo Stock Exchange (CSE) in terms of market capitalization. The company ascended to the top spot by overtaking John Keells Holdings (JKH), which had previously led the rankings. This shift followed a…
Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions. The event, held on 22 May at Cinnamon Lakeside Colombo, was hosted by Incitare Sri Lanka and the Global Rethinking Finance Collaborative (GRFC),…
Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 17,623 million for the 4th Quarter ending 31st March 2026, compared to Rs. 12,960 million recorded in the corresponding quarter of the previous year, reflecting a 36% growth in turnover. The Group reported a Profit After Tax (PAT) of Rs. 577 million for the quarter,…
Sampath Bank PLC has become the first bank in Sri Lanka to introduce integrated PayPal withdrawal and account connectivity capabilities through Sampath Vishwa, marking a major advancement in Sri Lanka’s digital banking landscape and expanding access to secure global payments. Sri Lanka’s digitally connected workforce and business community continue to expand across international marketplaces and…
The Colombo Stock Exchange (CSE) witnessed a strong rally today (25), with benchmark indices recording notable gains amid broad-based buying interest. The benchmark All Share Price Index (ASPI) surged by 435.13 points, or 1.98%, to close at 22,364.77, while the S&P SL20 Index, which tracks the market’s most liquid stocks, gained 118.08 points, or 1.95%,…
Video Story
