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Warsh clinches Senate approval to be Fed's next chair

WASHINGTON (Reuters) -- The US Senate on Wednesday approved Kevin Warsh as chair of ‌the Federal Reserve, putting the 56-year-old lawyer and financier at the helm as the US central bank grapples with intensifying inflation that may make it hard to push through the interest-rate cuts that President Donald Trump has d…

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‘SME Nexus’ National SME Strategy Framework launched

The “National SME Strategy Framework 2026” to empower Small and Medium Enterprises (SMEs), the backbone of the Sri Lankan economy, locally and globally, was officially launched yesterday (13) under the patronage of Minister of Industry and Entrepreneurship Development, Sunil Handunnetti, and Deputy Minister Chathura…

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Resilience amid geopolitical headwinds, Sampath Bank posts Rs 6.2 Bn PAT in Q1 2026 - DailyNews

Sampath Bank reported Total Operating Income of Rs 28.5 Bn for the quarter ended 31st March 2026, supported by steady growth in Net Interest Income (up 5%) and Net Fee and Commission Income (up 28%) year-on-year. Notwithstanding this performance, Profit After Tax (PAT) declined by 26% to Rs 6.2 Bn, due to significan…

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Smart, sustainable shrimp aquaculture with FAO, Korea support - DailyNews

Sri Lanka has taken a major step forward in modernizing its shrimp aquaculture sector through the successful completion of the project “Smart and Sustainable Aquaculture through Effective Biosecurity and Digital Technology”, implemented by the Food and Agriculture Organization of the United Nations (FAO) in partners…

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Home Lands signs SPA with CHEC Port City to develop twin tower high-rise in Central Park district of Port City - DailyNews

Marking a historic milestone in the progressive development of Port City Colombo which is widely regarded as the turning point of Sri Lanka’s economy, Home Lands Group’s Home Lands Port City (Pvt) Limited signed the Sales and Purchase Agreement (SPA) with CHEC Port City Colombo (Pvt) Limited to develop the most icon…

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