IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

Oct 17, 2026 2 weeks ago 5 min read
IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

COLOMBO, October 17, 2026 — The International Monetary Fund (IMF) has signalled its readiness to continue supporting Sri Lanka beyond the expiry of its current…

Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

Oct 17, 2026 2 weeks ago 2 min read
Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

COLOMBO, October 17, 2026 — Sri Lankan developers Prime Lands and Melwa have signed a Sales and Purchase Agreement (SPA) for a new mixed-use development…

Colombo Port Handles US$30 Billion in U.S.-Related Cargo Annually

Oct 17, 2026 2 weeks ago 4 min read
Colombo Port Handles US$30 Billion in U.S.-Related Cargo Annually

COLOMBO, October 17, 2026 — The Port of Colombo handles an estimated US$30 billion worth of U.S.-related cargo annually, highlighting its strategic importance to international…

Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

Oct 17, 2026 2 weeks ago 2 min read
Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

TANGALLE, October 17, 2026 — A nine-storey surgical ward complex estimated to cost Rs. 3.09 billion is planned for Tangalle Base Hospital as part of…

CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

Oct 17, 2026 2 weeks ago 2 min read
CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

COLOMBO, October 17, 2026 — Sri Lanka’s stock market ended the week on a positive note, with gains in counters such as Dialog Axiata, Distilleries…

Union Bank’s Nine-Month Profit After Tax More Than Doubles to Rs. 701 Million

COLOMBO, October 30, 2026 — Union Bank reported a 104% increase in profit after tax to Rs. 701 million for…

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BUSINESS

Sri Lanka hosts 11 Asian nations to showcase JICA-backed farming success

Sep 8, 2026 2 months ago 2 min read
Sri Lanka hosts 11 Asian nations to showcase JICA-backed farming success

The Japan International Cooperation Agency (JICA) and the Agriculture Department will bring 33 participants from 11 Asian countries to learn from Sri Lanka’s experience in…

ComBank takes Q+ digital payments drive to Jaffna ahead of Nallur Festival

Sep 8, 2026 2 months ago 6 min read
ComBank takes Q+ digital payments drive to Jaffna ahead of Nallur Festival

Canvasses more than 350 merchants and activates cashback campaign with 40+ Jaffna businesses as part of CBSL’s latest digital payments promotion Reaffirming its commitment to…

Sri Lanka, Japan step up efforts to address investor concerns and develop export-oriented industrial corridor

Sep 8, 2026 2 months ago 2 min read
Sri Lanka, Japan step up efforts to address investor concerns and develop export-oriented industrial corridor

The Board of Investment of Sri Lanka (BOI) recently hosted the fifth working-level meeting of the Sri Lanka–Japan Business Environment Committee, a platform established to…

Home Lands completes 60% piling work of ‘Central Park Boulevard Port City Colombo’

Sep 8, 2026 2 months ago 4 min read
Home Lands completes 60% piling work of ‘Central Park Boulevard Port City Colombo’

Home Lands yesterday announced that Central Park Boulevard Port City Colombo has reached a significant construction milestone, with 60% of its piling work now officially…

ECONOMY

MARKETS

NATION

Yala’s Drought Shows the Growing Cost of Climate Stress on Sri Lanka Tourism

Sep 8, 2026 2 months ago 3 min read
Yala’s Drought Shows the Growing Cost of Climate Stress on Sri Lanka Tourism

YALA, Sri Lanka, Sept 8 (Reuters) – Mugger crocodiles bask along the edge of the shrinking reservoir, waiting like everything else ‌in Sri Lanka’s drought-hit…

Reservoir levels fall near 50% amid dry spell

Sep 8, 2026 2 months ago 1 min read
Reservoir levels fall near 50% amid dry spell

Water levels in reservoirs across Sri Lanka have dropped to around 47.3% of total capacity amid prevailing dry weather, the Irrigation Department said. Major reservoirs…

Sri Lanka Tourism Faces Fresh Pressure as War Drives Up Energy Costs

Sep 8, 2026 2 months ago 5 min read
Sri Lanka Tourism Faces Fresh Pressure as War Drives Up Energy Costs

Sri Lanka’s tourism sector is facing a more challenging 2026 than initially anticipated, with the Sri Lanka Tourism Development Authority (SLTDA) sharply revising down its…

India’s Defence Minister Rajnath Singh arrives in Sri Lanka

Sep 8, 2026 2 months ago 2 min read
India’s Defence Minister Rajnath Singh arrives in Sri Lanka

Indian Defence Minister Rajnath Singh arrived in Sri Lanka today (08) on a three-day official visit. Accordingly, he is scheduled to remain in Sri Lanka…

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