Ceylon Exchange Mentoring

Janashakthi’s IPO attracted strong investor interest, resulting in the issue being oversubscribed. Due to the high demand, the company allocated 243 million shares on a preferential basis, ensuring a structured distribution among applicants.

Following the unanimous approval of its Board of Directors, John Ternus, senior vice president of hardware engineering, is set to take over as CEO of Apple, succeeding Tim Cook, effective from 1st September 2026.

According to its April 2026 South Asia Economic Update, the World Bank projects Sri Lanka’s economic growth to slow to 3.6% in 2026.

Tourist arrivals in Sri Lanka have surpassed 800,000 this year, reflecting a positive trend for the economy.

Global trade gets a breather as the Strait of Hormuz reopens, allowing commercial shipping to resume after ceasefire talks.

According to a report by Middle East Eye, a top international banker revealed that Sri Lanka has paid as much as $286 for a single barrel of oil, far beyond global benchmark prices.

Education in Sri Lanka reaches new heights with a literacy rate of 97.4%. This milestone also signals the closing of the gender gap, reflecting greater equality in access to education.

According to the International Monetary Fund (IMF), SL is “significantly exposed” to rising global tensions and said global tensions, particularly the conflict in the Middle East threaten to disrupt growth momentum as the country advances to the next stage of its IMF program.

In response to Israeli operations in Lebanon, Iran has restricted the Strait of Hormuz a development with significant implications for global oil flows and trade stability.

The U.S.–Iran ceasefire has supported gains in Sri Lankan equities, while oil markets have adjusted sharply to the changing outlook.

Yesterday (6th April 2026), the Central Bank of Sri Lanka (CBSL) stated that it remains satisfied with the core financial strength of National Development Bank (NDB), despite the alleged LKR 13.2 billion fraud, described as the largest disclosed in the country.

In a corporate disclosure submitted to the Colombo Stock Exchange, National Development Bank PLC (NDB Bank) said that its internal investigations have estimated the exposure from the reported employee-linked fraud at approximately 13.2 billion LKR.

Chevron Lubricants Lanka PLC has secured its highest-ever earnings in its 32-year history of operations in Sri Lanka.

Following recent bilateral discussions, both Sri Lanka and Brazil have agreed to elevate bilateral trade to $1 billion by 2030, emphasizing the importance of broader economic engagement in response to evolving global economic dynamics.

Cabinet Spokesperson Dr. Nalinda Jayatissa said that the government will submit draft regulations prepared by its legal draftsman to amend Sri Lanka’s Immigration and Emigration Act.

In a statement sent to AFP on Saturday (US Time), the Swiss food and beverage giant Nestle revealed that a huge shipment of Nestle’s crunchy Kit-Kat chocolate bars had been stolen in Europe.

JXG, the parent company of the Janashakthi Group that holds First Capital Holdings PLC, Janashakthi Insurance PLC, and Janashakthi Finance PLC, has announced the launch of its Initial Public Offering (IPO).

According to Daily Mirror Business, major Gulf carriers are set to conduct a crucial field visit to Mattala Rajapakse International Airport (MRIA) next week.

According to government officials, Sri Lanka is expecting to finalize an oil purchase deal with Russia next week.

Global transport giant FedEx has filed a lawsuit in the U.S. Court of International Trade against the Trump Administration seeking a refund for tariffs. This marks one of the highest-profile moves to recover funds since the U.S. Supreme Court deemed Trump’s tariffs to be illegal.