Access Engineering Expects Rs. 310 Million Company-Level Loss from Logistics Project Exit

Oct 21, 2026 1 week ago 2 min read
Access Engineering Expects Rs. 310 Million Company-Level Loss from Logistics Project Exit

COLOMBO, October 21, 2026 — Access Engineering PLC expects to recognise a loss of approximately Rs. 310 million in its standalone company financial statements following…

Colombo Bourse Loses Rs. 324 Billion in October as ASPI Falls Below 20,000

Oct 21, 2026 1 week ago 2 min read
Colombo Bourse Loses Rs. 324 Billion in October as ASPI Falls Below 20,000

COLOMBO, October 21, 2026 — The Colombo Stock Exchange’s total market capitalisation has fallen by nearly Rs. 324 billion since the beginning of October, with…

PUCSL Approves Power Cuts Across Four Groups for October 21

Oct 21, 2026 1 week ago 1 min read
PUCSL Approves Power Cuts Across Four Groups for October 21

COLOMBO, October 21, 2026 — Scheduled power interruptions will affect four electricity supply groups in Sri Lanka today as part of measures to manage electricity…

Rs. 3 Billion HLAB Fund Launched to Back Business Growth; First Capital Commits Rs. 300 Million

Oct 20, 2026 2 weeks ago 3 min read
Rs. 3 Billion HLAB Fund Launched to Back Business Growth; First Capital Commits Rs. 300 Million

COLOMBO, October 20, 2026 — Hatch, Lankan Angel Network and BOV Capital have launched HLAB, a Rs. 3 billion investment fund aimed at supporting early…

Central Bank Governor Highlights Policy Credibility and Price Stability at RBI Conference

Oct 20, 2026 2 weeks ago 2 min read
Central Bank Governor Highlights Policy Credibility and Price Stability at RBI Conference

COLOMBO, October 20, 2026 — Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe has stressed the importance of institutional credibility, strong monetary policy…

Fitch Upgrades BOC, People’s Bank and Commercial Bank; Downgrades Cargills Bank

COLOMBO, October 31, 2026 — Fitch Ratings has upgraded the National Long-Term Ratings of Bank of Ceylon, People’s Bank and…

BIZ BREAKING

CBSL Urges Sri Lanka to Strengthen Foreign Reserves Before the Next Economic Shock

Sep 11, 2026 2 months ago 3 min read
CBSL Urges Sri Lanka to Strengthen Foreign Reserves Before the Next Economic Shock

Sri Lanka must use periods of economic stability to strengthen its foreign exchange reserves and build a stronger financial buffer against future external shocks, Central Bank Governor Dr. Nandalal Weerasinghe said. Speaking at the inaugural Reserve Management Conference 2026 in…

IMF Team Arrives in Colombo for Crucial Seventh EFF Review

Sep 10, 2026 2 months ago 2 min read
IMF Team Arrives in Colombo for Crucial Seventh EFF Review

An International Monetary Fund (IMF) team is set to arrive in Colombo today for nearly two weeks of discussions with Sri Lankan authorities on the Seventh Review of the country’s US$3 billion Extended Fund Facility (EFF) programme, alongside the 2026…

Sri Lanka foreign reserves rise 4.6% to $6.9 billion in August

Sep 9, 2026 2 months ago 2 min read
Sri Lanka foreign reserves rise 4.6% to $6.9 billion in August

COLOMBO, Sept 9 – Sri Lanka’s official foreign exchange reserves rose 4.6% in August to $6.905 billion, from $6.6 billion a month earlier, the central bank said. The increase provides a further boost to Sri Lanka’s external liquidity position as…

India’s Economic Rise Creates New Opportunities for Sri Lanka as Rajnath Singh Highlights Expanding Bilateral Ties

Sep 8, 2026 2 months ago 4 min read
India’s Economic Rise Creates New Opportunities for Sri Lanka as Rajnath Singh Highlights Expanding Bilateral Ties

India’s rapidly expanding economy and growing global trade footprint could create further opportunities for Sri Lankan businesses, exporters and investors, as Indian Defence Minister Rajnath Singh highlighted the country’s economic transformation during his visit to Colombo. Speaking to the Indian…

BUSINESS

HIP Hosts National Oil Spill Contingency Plan Workshop Led by MEPA

Sep 20, 2026 1 month ago 4 min read
HIP Hosts National Oil Spill Contingency Plan Workshop Led by MEPA

HAMBANTOTA, September 20, 2026 — Hambantota International Port (HIP) recently hosted a National Oil Spill Contingency Plan Workshop conducted by the Marine Environment Protection Authority…

Sri Lanka Targets Middle Eastern Tourists With Wellness and Wildlife Experiences

Sep 19, 2026 1 month ago 2 min read
Sri Lanka Targets Middle Eastern Tourists With Wellness and Wildlife Experiences

COLOMBO, September 19, 2026 — Sri Lanka is strengthening its efforts to attract more travellers from the Middle East by promoting wellness, wildlife, cultural and…

Visa Highlights Digital Growth Opportunities for Sri Lankan SMEs at National SME Forum

Sep 18, 2026 1 month ago 3 min read
Visa Highlights Digital Growth Opportunities for Sri Lankan SMEs at National SME Forum

COLOMBO, September 18, 2026 — Visa has reaffirmed its commitment to supporting the growth and digital transformation of Sri Lanka’s small and medium enterprises (SMEs)…

DIMO and Union Bank Join Forces to Expand Vehicle Financing Options

Sep 16, 2026 1 month ago 2 min read
DIMO and Union Bank Join Forces to Expand Vehicle Financing Options

COLOMBO, September 16, 2026 — DIMO has partnered with Union Bank PLC to provide exclusive financing solutions for customers purchasing selected TATA Commercial Vehicles, TATA…

ECONOMY

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…

In El Nino-hit Sri Lanka, wells run dry and farmer incomes shrink as drought deepens

Sep 8, 2026 2 months ago 3 min read
In El Nino-hit Sri Lanka, wells run dry and farmer incomes shrink as drought deepens

GALWELA YAYA, Sri Lanka Sept 3 (Reuters) – For the first time in over three ​decades, Sri Lankan farmer A.M. Pathmasena says, his well is…

Sri Lanka Economic and Investment Summit 2026 to Examine How Sri Lanka Can Build a More Resilient Economy for the Future

Sep 8, 2026 2 months ago 3 min read
Sri Lanka Economic and Investment Summit 2026 to Examine How Sri Lanka Can Build a More Resilient Economy for the Future

As Sri Lanka moves beyond economic stabilisation, attention is increasingly turning to how the country can maintain its growth momentum while preparing for the challenges…

MARKETS

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…

Stocks Slip as Rising Oil, Inflation Risks and Geopolitical Tensions Rattle Markets

Sep 8, 2026 2 months ago 4 min read
Stocks Slip as Rising Oil, Inflation Risks and Geopolitical Tensions Rattle Markets

Global stocks edged lower on Monday as surging oil prices, escalating Middle East tensions and political uncertainty in Europe kept investors cautious ahead of crucial…

NATION

Mahaweli River Water Levels Rise as Kandy Areas Face Flood Risk

Sep 20, 2026 1 month 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…

Seat Belts Now Mandatory for All Expressway Passengers

Sep 19, 2026 1 month ago 1 min read
Seat Belts Now Mandatory for All Expressway Passengers

COLOMBO, September 19, 2026 — All passengers travelling in vehicles on Sri Lanka’s expressways are now required to wear seat belts, with the regulation coming…

Rumesh Tharanga returns to Sri Lanka after victory at World Athletics Ultimate Championship

Sep 15, 2026 2 months ago 1 min read
Rumesh Tharanga returns to Sri Lanka after victory at World Athletics Ultimate Championship

Sri Lankan javelin star Rumesh Tharanga has returned to the island this morning after winning the men’s javelin throw title at the World Athletics Ultimate…

Sri Lanka Launches Islandwide Dengue Control Programme Amid Rising Risk

Sep 14, 2026 2 months ago 1 min read
Sri Lanka Launches Islandwide Dengue Control Programme Amid Rising Risk

The Sri Lankan Government has launched a special islandwide dengue-control programme from today (September 14) to September 19, as authorities take preventive measures against a…

world

India’s BRICS Chairship Produces More Than 50 New Initiatives

Sep 14, 2026 2 months ago 5 min read
India’s BRICS Chairship Produces More Than 50 New Initiatives

India’s BRICS chairship has resulted in more than 50 initiatives covering a wide range of areas, including counterterrorism, artificial intelligence, digital infrastructure, health security, trade,…

BRICS Summit 2026: New Delhi Declaration Signals Deeper Trade, Local-Currency Payments and a More Integrated Emerging-Market Economy

Sep 13, 2026 2 months ago 12 min read
BRICS Summit 2026: New Delhi Declaration Signals Deeper Trade, Local-Currency Payments and a More Integrated Emerging-Market Economy

xNEW DELHI, September 13, 2026 — BRICS leaders adopted the New Delhi Declaration on Saturday, the first day of the 18th BRICS Summit, setting out…

Modi, Putin Move to Strengthen Ties as Russia Pushes for Greater BRICS Role

Sep 12, 2026 2 months ago 3 min read
Modi, Putin Move to Strengthen Ties as Russia Pushes for Greater BRICS Role

Indian Prime Minister Narendra Modi and Russian President Vladimir Putin have agreed to further strengthen their long-standing strategic partnership, as Moscow called for the BRICS…

Sydney Airport flights disrupted due to air traffic controller shortage

Sep 11, 2026 2 months ago 3 min read
Sydney Airport flights disrupted due to air traffic controller shortage

A shortage of air traffic controllers caused flight cancellations and major delays at Sydney Airport ‌on Friday morning, the federal agency responsible for managing Australia’s…