Category: Latest News
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Sri Lanka’s national fuel distributor indicates potential for price reduction contingent on securing crude oil shipments.
FINANCIAL CHRONICLE – The President of the state-run Ceylon Petroleum Corporation (CPC) has indicated that Sri Lanka could potentially lower fuel prices if it successfully acquires a shipment of crude oil. Currently, the nation relies on Murban light crude for its sole refinery, which has been producing oil at a lower cost compared to imported…
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Sri Lanka’s Stock Market Sees Weekly Decline, Falling 3.4% Since Last Friday
Sri Lanka’s Colombo Stock Exchange closed down on Friday, having dropped 3.4 percent from last week, data on its site showed. The All Share Price Index was down 0.21 percent, or 44.21 points, at 21,375.73. The S&P SL20 closed down 0.59 percent, or 35.53 points, at 5,999.99. Turnover was 2.67 billion rupees. Top negative contributors…
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SLT-MOBITEL contributes to national development through innovation, resilience, and a people-first vision
SLT-MOBITEL, Sri Lanka’s National ICT Solutions Provider, is combining innovation, resilience, and a people-first vision to amplify efforts at expanding the country’s digital transformation agenda. Building on strong FY 2025 financial results, the company is pioneering initiatives to elevate customer experiences, strengthen enterprises, and advance national digital inclusion, establishing SLT-MOBITEL’s role in driving Sri Lanka’s…
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International Ensemble to Showcase “La Bamba! The Song of Veracruz” in Sri Lanka
FINANCIAL CHRONICLE – An international cast will perform La Bamba! The Song of Veracruz at City of Dreams Sri Lanka this April, as a step by host Cinnamon Life toward positioning Colombo as a South Asian entertainment hub. The West End–licensed production brings together world-class performers from the UK, Europe, and North America alongside Sri…
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ADB Commits $100 Million to Protect Sri Lanka from West Asia Conflict Impact
The Asian Development Bank (ADB) is prepared to provide an additional 100 million dollars in budget support as part of a financial package aimed at helping Sri Lanka mitigate the economic and financial impacts stemming from the conflict in West Asia, according to ADB President Masato Kanda. Sri Lanka has become the first member country…
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Galle City Centre to Open Tomorrow, Introducing a New Lifestyle Experience to the South
A new era of retail and lifestyle is set to begin in Southern Sri Lanka as Galle City Center (GCC) prepares to open its doors to the public tomorrow, offering a fresh and modern experience to visitors. Located in the historic city of Galle, GCC is an ultra-modern shopping complex designed to redefine the region’s…
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LankaPay Technnovation Awards Celebrates Outstanding Achievements in Digital Payments
Commercial Bank won the Gold Award for “Excellence in Digital Payments” under the banks category at Sri Lanka’s LankaPay Technnovation Awards held on Tuesday. Bank of Ceylon won the Silver, while Hatton National Bank secured the Bronze. LOLC achieved its 7th consecutive Gold in the non-bank financial institutions category, with LB Finance being the runner-up.…