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Sri Lanka's Growth Cools as Monetary Policy Easing Renewed

Sri Lanka's Growth Cools as Monetary Policy Easing Renewed

Bloomberg4 hours ago

The Sri Lankan economy grew at a slower pace last quarter, as a high base is beginning to catch up.
Gross domestic product rose 4.8% in the three months to March from a year ago, the Statistics Department said Monday. That compares with a reading of 5.4% in the October-December period.

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Frameplay and iion Form Strategic Partnership to Create Global In-Game Advertising Powerhouse
Frameplay and iion Form Strategic Partnership to Create Global In-Game Advertising Powerhouse

Yahoo

time23 minutes ago

  • Yahoo

Frameplay and iion Form Strategic Partnership to Create Global In-Game Advertising Powerhouse

Partnership unites industry leaders to deliver unprecedented scale and reach across key markets NEW YORK, June 16, 2025 /PRNewswire/ -- Frameplay, the in-game advertising leader and pioneer behind the Frameplay Exchange, and iion, the industry's first unified gaming advertising platform serving brands and publishers across APAC and EMEA, have announced a strategic partnership that creates the world's most comprehensive game advertising reach. The collaboration brings together two market-leading platforms to deliver unprecedented global scale and seamless cross-regional access for advertisers and publishers. The partnership combines Frameplay's intrinsic in-game inventory with iion's proven platform that delivers 10x more engagement than standard web ads with 98% viewability, creating a unified solution that spans from North America to Asia-Pacific and European markets. Mutual Expansion Creates New Market Opportunities Under the partnership, iion's 4,000+ gaming titles will be accessible through the Frameplay Exchange in the US, whilst iion's APAC clients gain access to Frameplay's extensive Intrinsic inventory. This integration generates incremental revenue streams for publishers and expanded reach for advertisers across both platforms. "Since launching the Frameplay Exchange in October, we've received an enthusiastic reception from advertisers seeking curated, scalable in-game campaigns," said Yasin Dabhelia, VP Demand at Frameplay. "Partnering with iion provides iion's clients with premium access to our established markets." "This partnership perfectly demonstrates our 'brands win, publishers thrive' philosophy in action," said Vince Banks from iion. "Our APAC clients gain access to premium global inventory, international advertisers unlock Asia's dynamic gaming markets, and publishers across our combined network benefit from increased demand and better monetisation opportunities." Massive Untapped Opportunity Drives Growth The collaboration comes as gaming continues to outpace traditional media consumption. According to Dentsu's 2024 Gaming Report, twice as many consumers—2.4 billion—use devices to play games versus subscribing to movie or streaming services. Research from Zynga demonstrates gaming's commercial impact, with 43% of gamers researching new products after seeing in-game ads and 27% making purchases. "iion brings both scale and performance excellence to our exchange," said Sandy Shanman, CEO of Frameplay. "Their proven ability to deliver superior engagement rates combined with our exchange infrastructure creates a compelling proposition for advertisers seeking authentic connections with gaming audiences globally." The partnership positions both companies to capture the growing recognition of gaming as an essential media channel, offering advertisers non-disruptive access to highly engaged audiences across multiple regions and gaming environments. About Frameplay Frameplay is an award-winning marketing technology provider supporting the advertising and video game industries. They enable brands, agencies, and platforms to place advertising intrinsically within highly-attentive video game environments without disrupting game quality or player experience. The result is proven, high-impact opportunities for advertisers, revenue for developers, and an enjoyable, uninterrupted experience for people who play games. About iion iion is the industry's first unified gaming advertising platform serving brands and publishers across APAC and EMEA. Our vision is to elevate game advertising into an essential media channel, delivering Gaming Audience Reach + Unrivalled Attention + Creative Excellence = Proven Outcomes. Through immersiion for brands and fusiion for publishers, we provide access to the complete gaming ecosystem with creative solutions that deliver 10x more engagement than standard web ads with 98% viewability. Gaming isn't the future—it's now. iion is where brands win and publishers thrive. Learn more at Press contact info: For FrameplayDaniel View original content to download multimedia: SOURCE Frameplay Corp. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Mitsubishi Said in Advanced Talks to Buy Aethon for $8 Billion
Mitsubishi Said in Advanced Talks to Buy Aethon for $8 Billion

Bloomberg

time38 minutes ago

  • Bloomberg

Mitsubishi Said in Advanced Talks to Buy Aethon for $8 Billion

Mitsubishi Corp. is in advanced talks to buy Aethon Energy Management for close to $8 billion, people familiar with the matter said, in what would be the Japanese conglomerate's biggest ever acquisition. Tokyo-based Mitsubishi could announce a deal for the US energy-focused investment firm in the next couple of months, according to the people. Abu Dhabi National Oil Co. had also been considering a potential transaction involving Aethon, Bloomberg News reported in April.

Chubb Life Hong Kong Launches Chubb 1792 Club: A New Era in Tailored Wealth Management Services
Chubb Life Hong Kong Launches Chubb 1792 Club: A New Era in Tailored Wealth Management Services

Associated Press

timean hour ago

  • Associated Press

Chubb Life Hong Kong Launches Chubb 1792 Club: A New Era in Tailored Wealth Management Services

With a legacy of excellence, expertise, and a bold vision, Chubb Life HK is meeting rising demand for sophisticated, future-focused financial planning through bespoke legacy and wealth solutions HONG KONG SAR - Media OutReach Newswire - 16 June 2025 - Chubb Life Hong Kong (Chubb Life HK) today launched its first wealth centre, Chubb 1792 Club, marking a pivotal moment in its insurance and wealth management journey. Located at The Gateway in Tsim Sha Tsui, a premier business and tourism district, Chubb 1792 Club aims to serve the increasing health and wealth needs of affluent customers and high-net-worth (HNW) individuals in Hong Kong as well as incoming visitors to the city. (From Left) Ms Joan Tam, Head of Brokerage, Chubb Life Hong Kong, Ms Ivy Cheung, Chief Marketing Officer, Chubb Life Hong Kong, Mr. Eric Ng Tung Hing, Global Chief Financial Officer, Chubb Life, Mrs Belinda Au, President of Hong Kong and Head of North Asia, Chubb Life Hong Kong, Mr Bryce Johns, Global President, Chubb Life, Mr William Man, Chief Operation Officer, Chubb Life Hong Kong The launch of Chubb 1792 Club marks a key milestone for Chubb Life as Hong Kong accelerates its ascent as a global insurance and wealth management powerhouse, attracting affluent and HNW customers and their assets. By the end of 2023, the asset and wealth management sector reached a remarkable HK$31.2 trillion, with 64% of assets sourced from non-Hong Kong residents. This acceleration is particularly evident in the life insurance sector, which saw record-breaking sales in 2024 as both local residents and Mainland Chinese visitors sought protection and wealth management solutions. Notably, Mainland Chinese visitors spent HK$62.8 billion in 2024 mainly on life, critical illness and medical policies, a 6.5% increase from the previous year, reinforcing the city's potential to attract and manage wealth for affluent and HNW individuals. The surge in demand for life and health related policies reflects Chubb Life's key target audience of affluent and HNW customers. The company offers a comprehensive suite of tailored insurance solutions designed to meet the unique needs of its customers, including wealth preservation and intergenerational legacy management. In response to this growing demand, Chubb Life HK has expanded its portfolio with tailored insurance solutions, including its flagship Chubb MyLegacy Insurance Plan III, as well as Future Achiever Savings Plan II and Infinity Prestige Life Insurance Plan. Belinda Au, President of Chubb Life Hong Kong and Head of North Asia, said, 'The launch of Chubb 1792 Club represents a bold leap in our continued expansion in the wealth management space. It reflects our long-standing commitment to serving the evolving needs of customers with differentiated, high-touch solutions that go beyond traditional insurance.' Chubb 1792 Club, a tribute to Chubb's foundational year and legacy of excellence, will feature a nearly 10,000-square-foot signature lounge designed to deliver bespoke wealth management services and cultivate meaningful business opportunities, empowering affluent clients, brokers, and agents to build trusted relationships and enrich both their business and personal lives with every visit. 'Disclaimer: **Important Note**: This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell, solicitation or persuasion to buy or provision of any of insurance products outside Hong Kong. Hashtag: #Chubb The issuer is solely responsible for the content of this announcement. About Chubb Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at:

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