NEW DELHI, India, August 25, 2025 (ePRESS) – India’s national investigative agency has filed a criminal case against business tycoon Anil Ambani after a fraud complaint was made by the country’s biggest lender, the State Bank of India (SBI), officials said on Saturday. Anil Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has…
Category Archives: Economy
COLOMBO, Aug 22, 2025 (ePRESS) – AM/Dehiaththakandiya National School from the Eastern Province emerged champions of the Capital Market Masters Quiz 2025, organised by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) in collaboration with the Ministry of Education. The grand finale was held on August 21 at…
COLOMBO, Sri Lanka, August 21, 2025 (ePRESS) – The Ceylon Chamber of Commerce has welcomed the UK Government’s decision to liberalise rules of origin under its Developing Countries Trading Scheme (DCTS), which will come into effect in early 2026. The move reflects the UK’s commitment to greater trade openness and will give Sri Lankan exporters…
COLOMBO, Sri Lanka, August 21, 2025 (ePRESS) – John Keells Holdings (JKH) Consumer Foods Sector, which includes Ceylon Cold Stores (CCS) and Keells Food Products PLC (KFP), has signed a landmark Memorandum of Understanding (MoU) with the Faculty of Agriculture of the University of Peradeniya to drive research and innovation in Sri Lanka’s food and…
COLOMBO, Aug 12, 2025 (ePRESS) – Veteran high net worth investor Indra Silva and leading conglomerate MetroCorp have picked up fresh stakes in National Development Bank PLC (NDB), in a transaction that stirred the Colombo bourse on Tuesday. Silva acquired 4.09%, while MetroCorp bought 2.58%, taking MetroCorp’s overall holding in the bank to 4.7%. The…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – The Colombo Stock Exchange (CSE) saw a strong day of trading on Monday with the benchmark All Share Price Index (ASPI) climbing 252 points, or 1.25 percent, to close at 20,471. The index held steady gains throughout the session, boosted mainly by retail investors and supported by…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – The United Nations Development Programme (UNDP) in Sri Lanka has launched a new livestock insurance scheme aimed at protecting both farmers and the country’s endangered Sri Lankan leopard. The initiative, introduced under UNDP’s Biodiversity Finance Initiative (BIOFIN), is carried out with the Wildlife and Nature Protection Society…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – Artificial Intelligence (AI) has the potential to greatly increase worker productivity in Sri Lanka, but a lack of digital skills and infrastructure may hold back progress, a new survey by the Institute of Policy Studies (IPS) has warned. The IPS study estimates that around 1.83 million workers…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – The owners of a Singapore-registered vessel on Friday urged Sri Lanka to seek more “rational” compensation after being ordered to pay US$1 billion for causing the island’s worst-ever case of marine pollution. Sri Lanka’s Supreme Court in July directed X-Press Feeders to pay the damages within a…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – A 15-year-old Brisbane teenager, Byron Waller, touched down at Colombo International Airport – Ratmalana this morning on his historic attempt to become the youngest supported pilot to circumnavigate the world. Byron completed an epic 11-hour flight across the Indian Ocean, marking one of the toughest legs of…