Hayleys Solar Inaugurates Two Kosgama Projects with Combined Capacity of 5 MW

Nov 3, 2026 1 week ago 2 min read
Hayleys Solar Inaugurates Two Kosgama Projects with Combined Capacity of 5 MW

COLOMBO, November 3, 2026 — Hayleys Solar has inaugurated two ground-mounted solar power projects in Kosgama with a combined capacity of 5 MW, expanding its…

Fuel Import Costs Up 50%, Limiting Price Relief Despite Rs. 57 Billion Subsidy Allocation: Minister

Nov 3, 2026 1 week ago 2 min read
Fuel Import Costs Up 50%, Limiting Price Relief Despite Rs. 57 Billion Subsidy Allocation: Minister

COLOMBO, November 3, 2026 — Sri Lanka’s fuel import costs have increased by approximately 50% compared with last year, limiting the government’s ability to provide…

Oil Prices Rise After Reported US Strike on Iran’s Qeshm Island

Nov 3, 2026 1 week ago 2 min read
Oil Prices Rise After Reported US Strike on Iran’s Qeshm Island

COLOMBO, November 3, 2026 — Oil prices edged higher in early Asian trading on Tuesday after a report of US strikes on Iran’s Qeshm Island…

Sri Lanka’s Exports Hit Record US$1.38 Billion, but September Current Account Posts US$128 Million Deficit

Nov 2, 2026 2 weeks ago 3 min read
Sri Lanka’s Exports Hit Record US$1.38 Billion, but September Current Account Posts US$128 Million Deficit

COLOMBO, November 2, 2026 — Sri Lanka recorded its highest-ever monthly merchandise export earnings of US$1.377 billion in September 2026, but the external current account…

Tucker Carlson Warns of Possible Nuclear Strike on Iran Within Days — Markets and Energy Supply at Risk.

Nov 2, 2026 2 weeks ago 5 min read
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Tucker Carlson claimed early Monday that the Trump administration is under intense pressure from Israeli Prime Minister Benjamin Netanyahu to launch a nuclear strike on…

Budget 2027 Targets Rs. 6.18 Trillion in Revenue and Grants, Deficit at 4.5% of GDP

COLOMBO, November 13, 2026 — Sri Lanka’s 2027 Budget estimates total government revenue and grants at Rs. 6,180 billion, with…

BIZ BREAKING

Sri Lanka Targets Saudi Capital for New Investment and Development Partnerships

Sep 29, 2026 2 months ago 5 min read
Sri Lanka Targets Saudi Capital for New Investment and Development Partnerships

COLOMBO, September 29, 2026 — Sri Lanka is stepping up efforts to attract Saudi investment into new development projects, seeking to transform its longstanding relationship with the Kingdom into a broader commercial partnership spanning investment, trade, infrastructure and private-sector development.…

Ending IMF Engagement After 2027 Could Put Sri Lanka’s Economic Recovery at Risk

Sep 27, 2026 2 months ago 4 min read
Ending IMF Engagement After 2027 Could Put Sri Lanka’s Economic Recovery at Risk

COLOMBO, September 27, 2026 — Sri Lanka could face renewed economic instability if it abandons its structural engagement with the International Monetary Fund (IMF) after the current programme ends in 2027, the Dinana Dakuna collective has warned. In a statement,…

Sri Lanka to Exit IMF Programme in 2027 — What It Means for Businesses and Investors

Sep 26, 2026 2 months ago 6 min read
Sri Lanka to Exit IMF Programme in 2027 — What It Means for Businesses and Investors

COLOMBO, September 26, 2026 — Sri Lanka plans to complete its current International Monetary Fund (IMF) Extended Fund Facility (EFF) programme in March 2027 without seeking another IMF programme linked to debt restructuring, Minister Bimal Rathnayake has said. The planned…

Sri Lanka Approves Rs.17.2 Billion Electricity Relief Package Amid Cost Pressures

Sep 24, 2026 2 months ago 3 min read
Sri Lanka Approves Rs.17.2 Billion Electricity Relief Package Amid Cost Pressures

COLOMBO, September 24, 2026 — Sri Lanka’s Parliament has approved a Rs.17.213 billion supplementary allocation to provide financial relief on electricity bills, in a move that could ease pressure on households and businesses while adding another significant policy intervention to…

BUSINESS

STC Expands Own-Brand Portfolio with Three New Products

Oct 4, 2026 1 month ago 3 min read
STC Expands Own-Brand Portfolio with Three New Products

STC Management team with chief guest: From left: Wasantha Dissanayake, Private Secretary to the Minister; Ravindra Fernando, Chairman/Managing Director, Sri Lanka State Trading (General) Corporation…

Pan Asia Bank’s Rs. 5 Billion Debenture Issue Oversubscribed on Strong Investor Demand

Oct 3, 2026 1 month ago 2 min read
Pan Asia Bank’s Rs. 5 Billion Debenture Issue Oversubscribed on Strong Investor Demand

B D A Perera, Chairman and Naleen Edirisinghe Director/CEO of Pan Asia Bank COLOMBO, October 3, 2026 — Pan Asia Banking Corporation PLC has secured…

ADB Approves $100 Million Loan to Strengthen Sri Lanka’s Skills and Youth Employment

Oct 2, 2026 1 month ago 3 min read
ADB Approves $100 Million Loan to Strengthen Sri Lanka’s Skills and Youth Employment

COLOMBO, October 2, 2026 — The Asian Development Bank (ADB) has approved a $100 million results-based loan to support Sri Lanka’s efforts to modernise its…

Port City Colombo Steps Up Gulf Investment Drive Across UAE, Oman and Qatar

Oct 1, 2026 1 month ago 4 min read
Port City Colombo Steps Up Gulf Investment Drive Across UAE, Oman and Qatar

ABU DHABI, October 1, 2026 — Port City Colombo is intensifying efforts to attract Gulf capital into Sri Lanka, with a seven-day investment roadshow across…

ECONOMY

Sri Lanka Economy Grows 4.2% in Second Quarter of 2026

Sep 16, 2026 2 months ago 3 min read
Sri Lanka Economy Grows 4.2% in Second Quarter of 2026

COLOMBO, September 16, 2026 — Sri Lanka’s economy expanded by 4.2% year-on-year during the second quarter of 2026, according to the latest National Accounts Estimates…

Sri Lanka’s Foreign Reserves Rise to US$6.9 Billion on Record Dollar Purchases

Sep 14, 2026 2 months ago 4 min read
Sri Lanka’s Foreign Reserves Rise to US$6.9 Billion on Record Dollar Purchases

Sri Lanka’s gross official foreign reserves increased to a provisional US$6.9 billion by the end of August 2026, reaching their highest level in five months…

Colombo Port Capacity to Increase by 1.5 Million TEUs as Sri Lanka Targets Continued Growth

Sep 13, 2026 2 months ago 5 min read
Colombo Port Capacity to Increase by 1.5 Million TEUs as Sri Lanka Targets Continued Growth

COLOMBO — Colombo Port is set to expand its handling capacity by a further 1.5 million twenty-foot equivalent units (TEUs), as Sri Lanka moves to…

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…

NATION

Paperless Customs Declaration Process Takes Effect Across Sri Lanka

Oct 1, 2026 1 month ago 2 min read
Paperless Customs Declaration Process Takes Effect Across Sri Lanka

COLOMBO, October 1, 2026 — Sri Lanka Customs has officially introduced its new Paperless Customs Declaration Process, marking a major step towards digitalising and modernising…

Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

Sep 30, 2026 1 month ago 3 min read
Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

COLOMBO, September 30, 2026 — Sri Lanka and Australia have agreed to strengthen bilateral cooperation across trade, defence, education, agriculture and maritime affairs following high-level…

Rumesh Pathirage Strikes Asian Games Gold with 88.55m Javelin Throw

Sep 29, 2026 2 months ago 3 min read
Rumesh Pathirage Strikes Asian Games Gold with 88.55m Javelin Throw

SRI LANKA, September 29, 2026 — Sri Lankan javelin star Rumesh Pathirage has secured the Asian Games gold medal with a commanding 88.55-metre throw, capping…

Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

Sep 28, 2026 2 months ago 2 min read
Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

GAMPAHA, September 27, 2026 — President Anura Kumara Dissanayake has announced that the Government will introduce a Rs. 41 billion fuel subsidy covering the next…

world

Netanyahu Defends Israel’s Military Actions as Dozens of UN Delegates Walk Out

Sep 25, 2026 2 months ago 4 min read
Netanyahu Defends Israel’s Military Actions as Dozens of UN Delegates Walk Out

NEW YORK, September 25, 2026 — Israeli Prime Minister Benjamin Netanyahu defended Israel’s military actions in Gaza and against Iran during a speech to the…

Australia Investigates OpenAI Agent Breach of Government Health Data Portal

Sep 24, 2026 2 months ago 5 min read
Australia Investigates OpenAI Agent Breach of Government Health Data Portal

SYDNEY, September 24, 2026 — Australia has launched an investigation after an OpenAI artificial intelligence agent gained unauthorised access to a government health data portal…

Trump Threatens Iran With Destruction as Diplomats Push for Deal at UN

Sep 23, 2026 2 months ago 4 min read
Trump Threatens Iran With Destruction as Diplomats Push for Deal at UN

NEW YORK, September 23, 2026 — US President Donald Trump has warned that Iran could face devastating military action if Tehran fails to reach a…

Canada, India Push to Finalise Trade Deal by Year-End

Sep 20, 2026 2 months ago 3 min read
Canada, India Push to Finalise Trade Deal by Year-End

MUMBAI, September 20, 2026 — Canada remains optimistic about concluding negotiations on a Comprehensive Economic Partnership Agreement (CEPA) with India by the end of this…