Trump Orders Creation of U.S. Crypto Reserve, Includes XRP, SOL, and ADA
President Donald J. Trump has unveiled a major initiative to establish a U.S. Crypto Reserve, marking a significant shift in federal policy toward digital assets. In a statement posted on Truth Social, President Trump announced that his Executive Order on Digital Assets has directed the Presidential Working Group to move forward with a Crypto Strategic Reserve, which will include XRP, Solana (SOL), and Cardano […]
2025 Sri Lankan Budget All Proposals
President Anura Kumara Dissanayake, in his role as Minister of Finance, officially presented the government’s inaugural 2025 budget at 10:30 a.m. Addressing Parliament, he attributed Sri Lanka’s ongoing crisis to systemic corruption, misguided economic policies, and irresponsible leadership. He underscored the severe consequences of these failures, including reports of citizens losing their lives while waiting […]
Sri Lanka Unveils Ambitious 2025 Budget
Colombo, October 2025 — In a historic budget speech delivered to Parliament, Sri Lanka’s Finance Minister outlined a comprehensive plan aimed at steering the nation toward sustainable economic growth, social equity, and long-term stability. The 2025 budget, the first under the new government elected in late 2024, seeks to address the lingering effects of the […]
2025 Sri Lankan Government Budget Speech
Preamble Honourable Speaker, it is our pleasure to present the first National Budget of our Government to this House. The country went through its deepest and most complex socio, economic and political crisis in 2022 since independence. Although the crisis erupted in the year 2022, the underlying causes of the crisis are historical and structural. Corrupt governance, […]
Next Warns of Slower UK Growth With Rising Employer Taxes
High street retailer Next has cautioned that its UK growth rate is expected to slow this year due to the impact of tax increases introduced in the Budget. The company attributed the slowdown to changes in national insurance contributions and other cost pressures, which it says will affect prices and employment across the economy. Despite […]
Cambodian Central Bank Opens Doors to Crypto
Cambodia’s central bank has given the green light for commercial banks and payment institutions to provide crypto-related services. This decision marks a shift from the previous ban on access to 16 crypto exchange platforms, such as Binance, Coinbase, and OKX.
Russia Adopts Bitcoin to Bypass Western Sanctions
Russia has started utilizing Bitcoin to circumvent Western sanctions, according to Finance Minister Anton Siluanov. In a recent television interview, Siluanov confirmed that the country is now leveraging cryptocurrency for international transactions under a newly enacted law. Last month, the Kremlin introduced an experimental legal framework for cryptocurrency miners, which includes a provision allowing authorized […]
Historical Day for Sri Lankan Stock Market
The Colombo Stock Exchange (CSE) witnessed a historic milestone today (24th) as the All Share Price Index (ASPI) surpassed the 15,000 mark at 10:24 a.m. By 11:15 a.m., the ASPI had climbed 212 points to reach 15,022.77, with the market turnover surpassing Rs. 3.84 billion.
Dollar Selling Price Drops to Rs. 297.62 Today
According to the daily exchange rate report from the Central Bank of Sri Lanka, the value of the US dollar has decreased against the Sri Lankan Rupee today (09). As of today, the buying price of the US dollar is recorded at Rs. 288.58, while the selling price is Rs. 297.62.
Sri Lanka Secures USD 200 Million from World Bank’s IDA for RESET Program Phase 2
The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program. The agreement was signed today (07) by K.M. Mahinda Siriwardana, Secretary to the Ministry of Finance, Economic […]
