The International Monetary Fund (IMF) announced on Tuesday, October 3, that it is closely monitoring recent developments in the Middle East. The organization highlighted the […]
Category: Latest News
Real-time updates and breaking news covering key developments across business, economy, politics, and public affairs.
Ozone x Foxygen Unveil Collaboration at Sri Lanka’s Architects Exhibition
Foxygen has proudly announced its new role as the exclusive distributor and channel partner for Ozone’s architectural hardware solutions in Sri Lanka. This announcement was […]
Analysts Warn Oil Shock May Intensify Strain on Emerging Markets Beyond Inflation
Reuters – The ongoing conflict in Iran and the subsequent increase in energy prices are expected to have significant effects on emerging markets, extending beyond […]
Top Economist Advocates for 2% Inflation Target in Sri Lanka
FINANCIAL CHRONICLE – W A Wijewardene, a former Deputy Governor of the Central Bank of Sri Lanka, has advocated for an inflation target of 2 […]
Asian Markets Decline Amid Anticipation of Energy Disruption
Asian markets experienced a significant downturn on Wednesday, driven by concerns that an escalating conflict in the Middle East could lead to an energy shock, […]
Iran Conflict’s Scale and Longevity to Influence Sovereign Rating, Says Fitch
Fitch Ratings, based in London, indicates that Middle Eastern sovereign ratings have sufficient resilience to endure a brief regional conflict that does not escalate further. […]
Robust SEC enforcement is unlawful, unnecessary and not essential for Market Confidence
The debate at the Bar Association of Sri Lanka’s Capital Market Symposium has rightly drawn national attention. When senior practitioners such as Dr. Arittha Wikramanayake, […]
Dubai Passengers Depart on Limited Emirates Flights Amid Iran Strikes
British travelers stranded in the Gulf due to escalating conflict have begun departing on limited flights to the UK, despite the airport not being fully […]
Sri Lanka Stock Index Plummets to Historic Low Amid Middle East Crisis Concerns
On Tuesday, the Colombo Stock Exchange experienced its most significant point decline in history as the market resumed trading following the recent Middle East conflict. […]
Sanjay Kulatunga Joins WindForce Board of Directors
WindForce PLC has announced the appointment of Mr. Sanjay Kulatunga as an Independent, Non-Executive Director to its Board, effective from March 3, 2026. This follows […]
CSE Experiences Historic Single-Day Point Decline
The Colombo Stock Exchange (CSE) experienced an unprecedented decline today, marking the largest single-day point drop in its history. The All Share Price Index (ASPI) […]
Dubai Airport Faces Unprecedented Slowdown, Plummeting from 1,200 to 20 Daily Flights Amid Iran Strikes
Dubai International Airport, renowned for its 24/7 operations and precise efficiency, is currently grappling with significant restrictions due to severe limitations in airspace access. This […]
Geoffrey Bawa Trust Champions Restoration of Colombo’s Iconic Temple
The Geoffrey Bawa Trust is proud to announce its support for the restoration of the Seema Malaka at the Gangaramaya Temple. Constructed between 1976 and […]
Sri Lankan President Unveils Strategic Initiative to Enhance Fuel Storage Capacity
Sri Lanka is undertaking significant upgrades to its fuel storage capacity through several multi-billion-rupee infrastructure projects aimed at expanding storage capabilities and automating distribution processes, […]
Seylan Bank Fuels MSME Growth with 1.2 Billion Loan Disbursement Under ‘Atha Hitha’ Program
Seylan Bank PLC has reached a significant milestone with its participation in the Seylan Atha Hitha loan programme, a government-funded initiative aimed at revitalizing Sri […]
SriLankan Airlines Suspends Multiple Flights Amid Ongoing Disruptions
SriLankan Airlines has provided an update on its operations in the Middle East amidst ongoing regional conflicts, which have resulted in certain airspace closures. The […]
JICA Provides Drones to Sri Lanka’s RDA for Enhanced Landslide Prevention Efforts
The Japan International Cooperation Agency (JICA) has provided advanced drones to Sri Lanka’s Road Development Authority (RDA) as part of a technical cooperation initiative aimed […]
SriLankan Airlines Announces Strategic Developments in Middle East Operations
Due to the ongoing conflict resulting in the closure of airspace in certain parts of the Middle East, SriLankan Airlines has announced the cancellation of […]