Category: Other
Central Bank Governor to Address Ceylon Chamber’s 186th AGM
The Ceylon Chamber of Commerce will hold its 186th Annual General Meeting on Wednesday, 26th June 2025, at 5.30 PM at The Studio, Cinnamon Life. Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, will attend as Chief Guest, addressing the business community at a time when economic resilience and reform remain key […]
Pelwatte Dairy Launches First-Ever Pension Scheme for Sri Lankan Dairy Farmers
In a historic move that redefines rural financial security, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community. Pelwatte Dairy, one of Sri Lanka’s foremost homegrown dairy brands, has long been a pillar in […]
Global Economy Set for Weakest Run Since 2008 Outside of Recessions: World Bank
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70% of all economies—across all regions and income groups. Global […]
‘s impeachment
An intense public feud erupted between President Donald Trump and his one-time ally, billionaire Elon Musk, with an argument about Trump’s massive tax and domestic policy bill raging across social media and in the Oval Office.
Samsung Sri Lanka unveils One UI 8 beta program: Pioneering AI for new Galaxy foldables
Samsung Electronics has officially announced the launch of its One UI 8 Beta Program, marking the dawn of a new generation in mobile software intelligence. Sri Lankan users can look forward to a revolutionary AI experience with the upcoming One UI 8, designed to redefine how Galaxy devices interact with their users. This first-generation upgrade […]
Transforming Sri Lanka: Paving the path from traditional to digital economy
The Old Boys’ Association (OBA) of Maris Stella College, Negombo, proudly announces the upcoming edition of its flagship annual College Day oration and panel discussion, Maris Panorama 2025, scheduled to take place on 6th June 2025, from 5:30 PM to 7:30 PM at Hotel Grandeeza, Negombo. Recognized as a nationally relevant platform for discourse on […]
Range of Global Geopolitical Risk Scenarios is Widening: Fitch Ratings
Rapid shifts in foreign policy positions and a more bilateral and transactional US foreign policy may contribute to global geopolitical volatility in the next few years, amplifying uncertainty in geostrategic hotspots, says Fitch Ratings. Geopolitics has become an increasingly relevant risk for global credit, with rising geostrategic competition between the US and China, the Russian […]
Alibaba.com’s Export Strategist to Guide Sri Lankan SMEs on Expanding Global Footprint
The Ceylon Chamber of Commerce will host a special session on May 29th featuring a high-level executive from Alibaba.com, aimed at helping Sri Lankan Small and Medium Enterprises (SMEs) expand their global footprint and tap into new overseas markets. The session will be conducted by Ma Haobo, Business Development Manager at Alibaba.com, who has supported […]
UK Trade Envoy on inaugural visit to Sri Lanka
The UK Prime Minister’s Trade Envoy for Sri Lanka, Lord Hannett of Everton, is visiting Colombo from 25th-28th May. This is his first visit to Sri Lanka since he was appointed in January 2025. Lord Hannett will meet with the Minister of Trade, Commerce, Food Security and Cooperative Development Hon. Wasantha Samarasinghe, Deputy Minister for […]
NSBM signs loan agreement with BOC to accelerate phase II University development
NSBM Green University has signed a strategic loan agreement with the Bank of Ceylon (BOC) to support the ongoing Phase II development of its Homagama campus in a signing ceremony held on the 8th of May 2025 at the NSBM premises. The agreement was signed by Professor E. A. Weerasinghe, Vice Chancellor of NSBM, together with Professor Chaminda Rathnayake, […]
U.S Effective Tariff Rate Declines to 13% from 23% with Lower China Duty: Fitch Ratings
Fitch Ratings has updated the U.S. Effective Tariff Monitor following the Joint Statement on U.S.-China Economic and Trade Meeting in Geneva, May 12, 2025, that reduces reciprocal tariffs. Fitch estimates that the U.S. effective tariff rate (ETR) is now 13.1%, a notable decline from 22.8% prior to the statement. The 34% reciprocal rate imposed by the U.S. […]
Trade War Hits Emerging Market Growth, Weaker Dollar Eases Some Risks: Fitch Ratings
Emerging-market (EM) issuers are variously exposed to direct and indirect impacts from the global trade war, Fitch Ratings says in a new report. Credit pressures may become most evident in EMs where tariff effects combine with aggravating factors or add to pre-existing pressures, even if direct US tariff exposures are small. APAC’s high trade openness […]