CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

Nov 2, 2026 2 weeks ago 1 min read
CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

COLOMBO, November 2, 2026 — The Ceylon Petroleum Corporation (CPC) has increased petrol and diesel prices, effective from midnight on November 1, while leaving kerosene…

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

Nov 2, 2026 2 weeks ago 1 min read
Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

COLOMBO, November 2, 2026 — Home Lands has showcased Sri Lankan real estate investment opportunities at a property investment roadshow in Ottawa, Canada, engaging prospective…

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

Oct 31, 2026 2 weeks ago 3 min read
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 Commercial Bank, while downgrading Cargills…

Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

Oct 31, 2026 2 weeks ago 3 min read
Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

COLOMBO, October 31, 2026 — Oil prices rose more than 2% on Friday to their highest closing levels since late April, as a tanker attack…

Binance Reserves US$6.34 Billion to Cover Losses as Partners Freeze US$3 Billion in Crypto

Oct 31, 2026 2 weeks ago 2 min read
Binance Reserves US$6.34 Billion to Cover Losses as Partners Freeze US$3 Billion in Crypto

SINGAPORE, October 31, 2026 — Binance says it has reserved more than US$6.34 billion in company funds to cover user losses following its recent security…

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

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…

Family doctor system must not threaten free healthcare

Sep 8, 2026 2 months ago 3 min read
Family doctor system must not threaten free healthcare

The proposed introduction of a family doctor system in Sri Lanka should be implemented in a manner that strengthens, rather than undermines, the country’s free healthcare system, Medical and Civil Rights Doctors’ Trade Union Alliance Chairman and Specialist Dr Chamal…

BUSINESS

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

Sep 24, 2026 2 months 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 2 months 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…

HIP Hosts National Oil Spill Contingency Plan Workshop Led by MEPA

Sep 20, 2026 2 months 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 2 months 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…

ECONOMY

Sri Lanka Central Bank buys US$579mn in August amid rupee appreciation

Sep 8, 2026 2 months ago 2 min read
Sri Lanka Central Bank buys US$579mn in August amid rupee appreciation

Sri Lanka’s Central Bank bought a net US$579 million in August, official data showed, amid a stabilizing local currency that touched a four-year low in…

MARKETS

NATION

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…

Seat Belts Now Mandatory for All Expressway Passengers

Sep 19, 2026 2 months 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

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…

Trump Pitches $5,000 ‘Dividend’ as GOP Seeks Midterm Support

Sep 10, 2026 2 months ago 6 min read
Trump Pitches $5,000 ‘Dividend’ as GOP Seeks Midterm Support

US President Donald Trump said on Wednesday (Sep 9) that every American adult could receive a US$5,000 “Trump dividend” if Republicans maintain control of Congress…

German Company Launches Rocket as Europe Enters Satellite Race

Sep 8, 2026 2 months ago 2 min read
German Company Launches Rocket as Europe Enters Satellite Race

Germany’s Isar Aerospace has launched a rocket into orbit from Norway as Europe aims to boost its ability to independently send satellites into space. The…