Sri Lanka Navy Officer Honoured for Near-Perfect GPA and Awards at US Naval Postgraduate School

Oct 27, 2026 1 week ago 2 min read
Sri Lanka Navy Officer Honoured for Near-Perfect GPA and Awards at US Naval Postgraduate School

COLOMBO, October 27, 2026 — Sri Lanka Navy Lieutenant Commander Piyumi Kathriarachchi has been recognised for graduating with honours from the US Naval Postgraduate School,…

Lanka IOC and Sinopec Raise Octane 95 Petrol Prices by Rs. 20 to Rs. 495

Oct 26, 2026 1 week ago 1 min read
Lanka IOC and Sinopec Raise Octane 95 Petrol Prices by Rs. 20 to Rs. 495

COLOMBO, October 26, 2026 — Lanka IOC and Sinopec have increased their Octane 95 petrol prices by Rs. 20 per litre, bringing the revised selling…

Sri Lankan Pharmaceutical Firms Explore Export and Technology Partnerships at CPHI Milan

Oct 26, 2026 1 week ago 3 min read
Sri Lankan Pharmaceutical Firms Explore Export and Technology Partnerships at CPHI Milan

COLOMBO, October 26, 2026 — Five Sri Lankan pharmaceutical manufacturers participated in an exposure visit to CPHI Worldwide 2026 in Milan, seeking export opportunities, technology…

Vegetable Prices Rise Amid Rainy Weather; Tomatoes Reach Rs. 650 a Kilogram Wholesale

Oct 26, 2026 1 week ago 1 min read
Vegetable Prices Rise Amid Rainy Weather; Tomatoes Reach Rs. 650 a Kilogram Wholesale

COLOMBO, October 26, 2026 — Wholesale prices of several upcountry and low-country vegetables have risen sharply amid prevailing rainy weather, with tomatoes, capsicum and cabbage…

Norochcholai’s Second Generating Unit Shut for Maintenance; No Power Disruptions Expected

Oct 26, 2026 1 week ago 1 min read
Norochcholai’s Second Generating Unit Shut for Maintenance; No Power Disruptions Expected

COLOMBO, October 26, 2026 — The second generating unit at the Lakvijaya Coal Power Plant in Norochcholai has been taken offline for maintenance and repairs,…

BIZ BREAKING

WindForce Boosts Renewable Portfolio to 268 MW with Battery Storage and Floating Solar

Sep 18, 2026 2 months ago 2 min read
WindForce Boosts Renewable Portfolio to 268 MW with Battery Storage and Floating Solar

COLOMBO, September 18, 2026 — Renewable energy producer WindForce PLC has expanded its total generation capacity to approximately 268 MW following the commissioning of two new clean-energy projects, including what the company describes as Sri Lanka’s first standalone grid-scale battery…

Cabinet Approves US$112 Million Waterfront Investment in Colombo Port City

Sep 16, 2026 2 months ago 2 min read
Cabinet Approves US$112 Million Waterfront Investment in Colombo Port City

COLOMBO, September 16, 2026 — The Cabinet of Ministers has approved a major investment proposal that will see Prime Melwa (Pvt) Ltd develop a landmark mixed-use waterfront project within Colombo Port City. The company has been approved for designation as…

Sri Lanka Stocks Show Signs of Recovery as CSE Trading Remains Volatile

Sep 14, 2026 2 months ago 3 min read
Sri Lanka Stocks Show Signs of Recovery as CSE Trading Remains Volatile

COLOMBO, September 14, 2026 — Sri Lanka’s stock market showed signs of recovery during Monday’s trading session, with the Colombo Stock Exchange (CSE) benchmarks moving into positive territory after a softer start. The All Share Price Index (ASPI), the benchmark…

BUSINESS

Iran Offers Deal to Reopen Strait of Hormuz Within Seven Days, Raising Hopes for Oil Market Relief

Sep 26, 2026 1 month ago 5 min read
Iran Offers Deal to Reopen Strait of Hormuz Within Seven Days, Raising Hopes for Oil Market Relief

NEW YORK, September 26, 2026 — Iran has offered the United States a potential agreement that could reopen the Strait of Hormuz within seven days,…

Fairway Expands East Coast Footprint with Trincomalee Beach Resort Takeover

Sep 25, 2026 1 month ago 4 min read
Fairway Expands East Coast Footprint with Trincomalee Beach Resort Takeover

TRINCOMALEE, September 25, 2026 — Fairway Holdings is expanding its presence in Sri Lanka’s tourism industry with a long-term hotel management agreement for Trincomalee Beach…

Sri Lanka’s Agrifood Sector Has Major Export Potential Through High-Value Agriculture and Processing

Sep 24, 2026 1 month ago 5 min read
Sri Lanka’s Agrifood Sector Has Major Export Potential Through High-Value Agriculture and Processing

COLOMBO, September 24, 2026 — Sri Lanka’s agrifood sector has significant potential to become a stronger driver of export growth, investment and higher-productivity employment if…

Sri Lanka’s Exports Cross US$12 Billion in First Eight Months of 2026

Sep 23, 2026 1 month ago 3 min read
Sri Lanka’s Exports Cross US$12 Billion in First Eight Months of 2026

COLOMBO, September 23, 2026 — Sri Lanka’s total exports surpassed the US$12 billion milestone during the first eight months of 2026, reaching an estimated US$12.01…

ECONOMY

Sri Lanka Inflation Rises to 8% as Food Prices Drive August Increase

Sep 11, 2026 2 months ago 2 min read
Sri Lanka Inflation Rises to 8% as Food Prices Drive August Increase

Sri Lanka’s headline inflation accelerated to 8.0% in August 2026, up from 7.3% in July, with rising food prices making the biggest contribution to the…

EDOTCO Secures US$10 Million Investment Deal to Expand Sri Lanka’s Digital Infrastructure

Sep 10, 2026 2 months ago 2 min read
EDOTCO Secures US$10 Million Investment Deal to Expand Sri Lanka’s Digital Infrastructure

EDOTCO Sri Lanka has signed a US$10 million investment agreement with the Board of Investment of Sri Lanka (BOI) to expand the country’s digital infrastructure,…

Sri Lanka’s debt down in US$, GDP terms despite up in rupee : Deputy FinMin

Sep 8, 2026 2 months ago 1 min read
Sri Lanka’s debt down in US$, GDP terms despite up in rupee : Deputy FinMin

Sri Lanka’s debt burden measured in both debt-to-gross domestic product (GDP) and dollar terms have fallen though it has risen in local currency, Deputy Finance…

MARKETS

Sri Lanka stocks trend up Friday, Kotagala to absorb subsidiary

Sep 8, 2026 2 months ago 2 min read
Sri Lanka stocks trend up Friday, Kotagala to absorb subsidiary

Sri Lanka’s Colombo Stock Exchange indices were trading up on Friday morning, CSE data showed, with the benchmark All Share Price Index moving up 0.37…

Sri Lanka rupee at 328.20/40 to US dollar spot, bond yields flat

Sep 8, 2026 2 months ago 1 min read
Sri Lanka rupee at 328.20/40 to US dollar spot, bond yields flat

Sri Lanka’s rupee was quoted at 328.20/40 to the US dollar in the spot market on Monday, while bond yields were steady, dealers said. A…

Sri Lanka stocks trend up on Monday

Sep 8, 2026 2 months ago 2 min read
Sri Lanka stocks trend up on Monday

Sri Lanka’s bourse opened the week in green with the main All Share Price Index moving up 0.17 percent in early trading. The ASPI was…

Sri Lanka stocks trend down midday Tuesday

Sep 8, 2026 2 months ago 1 min read
Sri Lanka stocks trend down midday Tuesday

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange indices were trading down on Tuesday midday, CSE data showed, with the benchmark All Share Price Index moving…

NATION

Parliament to Vote Today on 22nd Amendment and Judicature Amendment Bills

Sep 25, 2026 1 month ago 2 min read
Parliament to Vote Today on 22nd Amendment and Judicature Amendment Bills

COLOMBO, September 25, 2026 — Parliament is scheduled to vote today on the Twenty-Second Amendment to the Constitution Bill and the Judicature (Amendment) Bill, as…

Second Reading Debate on 22nd Amendment Underway in Parliament

Sep 24, 2026 1 month ago 3 min read
Second Reading Debate on 22nd Amendment Underway in Parliament

COLOMBO, September 24, 2026 — The Second Reading debate on the proposed 22nd Amendment to the Constitution Bill commenced in Parliament today, with Minister of…

SLIM DIGIS 2.6 Brings Sri Lanka’s Digital Marketing Industry Into the Global Spotlight

Sep 23, 2026 1 month ago 3 min read
SLIM DIGIS 2.6 Brings Sri Lanka’s Digital Marketing Industry Into the Global Spotlight

COLOMBO, September 23, 2026 — Sri Lanka’s digital marketing industry gathered at Monarch Imperial, Colombo, on September 22 for the grand finale of SLIM DIGIS…

Mahaweli River Water Levels Rise as Kandy Areas Face Flood Risk

Sep 20, 2026 2 months ago 1 min read
Mahaweli River Water Levels Rise as Kandy Areas Face Flood Risk

COLOMBO, September 20, 2026 — Authorities have issued a flood warning for several areas in Kandy District as water levels in the Mahaweli River continue…

world

India Steps Up Push to Become Global Semiconductor Manufacturing Hub

Sep 18, 2026 2 months ago 3 min read
India Steps Up Push to Become Global Semiconductor Manufacturing Hub

NEW DELHI, September 18, 2026 — Indian Prime Minister Narendra Modi has stepped up efforts to position India as a major global destination for semiconductor…

Oil Prices Set for Weekly Decline as Saudi Supply Concerns Ease

Sep 18, 2026 2 months ago 3 min read
Oil Prices Set for Weekly Decline as Saudi Supply Concerns Ease

LONDON, September 18, 2026 — Global oil prices are heading for a weekly decline after three consecutive weeks of gains, as concerns over disruptions to…

Zhang Yiming Becomes Asia’s Richest Person Driven by ByteDance’s AI Surge

Sep 17, 2026 2 months ago 2 min read
Zhang Yiming Becomes Asia’s Richest Person Driven by ByteDance’s AI Surge

Zhang Yiming, the 43-year-old founder of TikTok parent company ByteDance, has officially become Asia’s wealthiest individual with a net worth surpassing $105 billion. His personal…

US Reportedly Moves Toward $2.8 Billion Arms Package for Israel

Sep 16, 2026 2 months ago 3 min read
US Reportedly Moves Toward $2.8 Billion Arms Package for Israel

WASHINGTON, September 16, 2026 — The US government is reportedly moving toward approving an arms package worth approximately US$2.8 billion for Israel, according to US…