Here's a roundup of the latest business headlines you need to know:
UK State Pension Update
The annual increase to the UK state pension is on the horizon, but don't expect to see the full effect immediately. The rise will be implemented gradually throughout April, due to the system of paying pensions four weeks in arrears and on different days of the week. This means some key elements will only see an increase of 1.7% initially.
IGB Reveals Gas Supply Volumes
IGB has exclusively revealed the volume of gas supplied since the commencement of its operations. This disclosure provides valuable insight into the company's performance in the energy sector. The specific figures offer a glimpse into IGB's contribution to gas supply and its overall impact on the energy market.
Cahya Mata Sarawak Shares Tumble After Lawsuit
Shares of Cahya Mata Sarawak experienced a significant drop, falling 8% after Deputy Chairman Abu Bekir Taib filed a lawsuit. The lawsuit aims to inspect the conglomerate's financial accounts. This legal action has clearly unsettled investors and triggered a sell-off of the company's stock.
Sri Lanka's Budget: A Pragmatic Turn?
Sri Lanka's new budget is making waves with its focus on trade and investment. Analysts are particularly surprised by the approach, considering it comes from a leftist ruling party.
However, many see this as an encouraging sign of a pragmatic stance, potentially signaling a shift towards policies that prioritize economic growth and stability. "This budget represents a significant departure from traditional leftist ideology," one analyst noted. "It could be a crucial step in Sri Lanka's economic recovery."
Stay tuned for more updates on these developing stories.