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Oil Prices Hit $110 a Barrel as Middle East Tensions Raise Supply Concerns

Oct 17, 20262 weeks ago 5 min read

Oil Prices Hit $110 a Barrel as Middle East Tensions Raise Supply Concerns

LONDON, October 17, 2026 — Global oil prices have climbed to their highest levels in months, with Brent crude touching $110 a barrel for the…

Sri Lanka Seeks EU Investment Under €300 Billion Global Gateway Initiative

Oct 16, 20262 weeks ago 3 min read

Sri Lanka Seeks EU Investment Under €300 Billion Global Gateway Initiative

COLOMBO, October 16, 2026 — Sri Lanka has sought European Union (EU) investment to strengthen small and medium-sized enterprises (SMEs), develop startup incubators and expand…

Sri Lanka–Vietnam Business Council Targets US$ 1 Billion Bilateral Trade by 2030

Oct 16, 20262 weeks ago 6 min read

Sri Lanka–Vietnam Business Council Targets US$ 1 Billion Bilateral Trade by 2030

COLOMBO, October 16, 2026 — The Ceylon Chamber of Commerce has launched the Sri Lanka–Vietnam Business Council to strengthen bilateral trade, investment and tourism ties,…

Hambantota Port Handles Over 167,000 Vehicle Deliveries Amid Import Demand

Oct 16, 20262 weeks ago 3 min read

Hambantota Port Handles Over 167,000 Vehicle Deliveries Amid Import Demand

HAMBANTOTA, October 16, 2026 — Hambantota International Port (HIP) handled 167,569 vehicle deliveries between March 2025 and September 2026, highlighting its role in Sri Lanka’s…

US Announces US$17 Million Investment to Digitise Colombo Port Operations

Oct 16, 20262 weeks ago 3 min read

US Announces US$17 Million Investment to Digitise Colombo Port Operations

COLOMBO, October 16, 2026 — The United States has announced a US$17 million investment to digitise operations at the Port of Colombo, aiming to accelerate…

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

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

October 30, 2026

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

CSE Indices End Lower as Key Stocks Decline

September 18, 2026

COLOMBO, September 18, 2026 — The Colombo Stock Exchange (CSE)…

CBSL Exchange Rates: US Dollar Selling Rate Rises to Rs. 336.92

September 17, 2026

The Sri Lankan Rupee weakened slightly against the US Dollar…

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

September 17, 2026

Zhang Yiming, the 43-year-old founder of TikTok parent company ByteDance,…

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BIZ BREAKING

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

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

October 30, 2026

Ceylon Chamber Urges Review of Draft Laws to Protect Investor Confidence and GSP+ Access

Ceylon Chamber Urges Review of Draft Laws to Protect Investor Confidence and GSP+ Access

October 29, 2026

Sri Lanka Begins APG Review of Anti-Money Laundering and Counter-Terrorism Financing Framework

Sri Lanka Begins APG Review of Anti-Money Laundering and Counter-Terrorism Financing Framework

October 28, 2026

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BUSINESS

Japan Grants Rs. 4.56 Billion for Kelani River Pumping Project to Protect Businesses and Communities

Japan Grants Rs. 4.56 Billion for Kelani River Pumping Project to Protect Businesses and Communities

October 29, 2026

IMF Technology Chief Urges Strong Governance and Public Trust in AI-Driven Central Banking

IMF Technology Chief Urges Strong Governance and Public Trust in AI-Driven Central Banking

October 28, 2026

LAUGFS Gas Explores Investment and Potential Stake Sale in Hambantota LPG Terminal

LAUGFS Gas Explores Investment and Potential Stake Sale in Hambantota LPG Terminal

October 27, 2026

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ECONOMY

World Bank Forecasts 23% Rise in Commodity Prices as Energy and Food Costs Climb

World Bank Forecasts 23% Rise in Commodity Prices as Energy and Food Costs Climb

October 29, 2026

Cabinet Clears US$100 Million ADB Loan Agreement for Economic Recovery Programme

Cabinet Clears US$100 Million ADB Loan Agreement for Economic Recovery Programme

October 28, 2026

Sri Lanka’s Exports Reach US$13.6 Billion in Nine Months as September Sets Monthly Record

Sri Lanka’s Exports Reach US$13.6 Billion in Nine Months as September Sets Monthly Record

October 27, 2026

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MARKETS

CSE Recovery Enters Third Session as ASPI Jumps 297 Points Above 20,250

CSE Recovery Enters Third Session as ASPI Jumps 297 Points Above 20,250

October 30, 2026

Colombo Stocks Rise as Banking and Telecom Gains Lift Turnover Above Rs. 2.2 Billion

Colombo Stocks Rise as Banking and Telecom Gains Lift Turnover Above Rs. 2.2 Billion

October 29, 2026

CSE Targets Record Rs. 200 Billion in Capital Raising as New Investment Products Take Shape

CSE Targets Record Rs. 200 Billion in Capital Raising as New Investment Products Take Shape

October 28, 2026

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NATION

Centrum Air Connects Tashkent and Mattala with Twice-Weekly Direct Flights

Centrum Air Connects Tashkent and Mattala with Twice-Weekly Direct Flights

October 30, 2026

Central Bank Names 27 Prohibited Scheme Entries, Warns Public Over Companies and Apps

Central Bank Names 27 Prohibited Scheme Entries, Warns Public Over Companies and Apps

October 29, 2026

President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

October 28, 2026

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World

Jio Surges 27% on Market Debut, Reaches US$137 Billion Valuation

Jio Surges 27% on Market Debut, Reaches US$137 Billion Valuation

October 29, 2026

Luxury World Cruise Suspended in Cambodia as Soaring Fuel Costs Strand Passengers

Luxury World Cruise Suspended in Cambodia as Soaring Fuel Costs Strand Passengers

October 28, 2026

Bolsonaro’s Party Recognises Lula Victory as Trump Questions Brazil Election Without Evidence

Bolsonaro’s Party Recognises Lula Victory as Trump Questions Brazil Election Without Evidence

October 27, 2026

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BIZ BREAKING

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BUSINESS

All-New Mercedes-Benz GLB 2026 makes Sri Lankan debut at SLTPL 2026

Sep 7, 20262 months ago 2 min read

All-New Mercedes-Benz GLB 2026 makes Sri Lankan debut at SLTPL 2026

ECONOMY

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MARKETS

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NATION

Ven. Ampitiye Sumanarathana Thero further remanded

Sep 8, 20262 months ago 1 min read

Ven. Ampitiye Sumanarathana Thero further remanded

Venerable Ampitiye Sumanarathana Thero, who was arrested by the Batticaloa Police yesterday (07), has been further remanded. The order was issued by the Batticaloa Magistrate’s…

Emerging El Niño effect on Sri Lanka: Be ready for catastrophe

Sep 8, 20262 months ago 15 min read

Emerging El Niño effect on Sri Lanka: Be ready for catastrophe

“A prolonged El Niño drought forces a massive, unbudgeted outflow of foreign currency to fund these fuel imports. At the same time, because domestic agriculture…

Yala National Park Zones 1 and 2 to close from Sept. 14

Sep 8, 20262 months ago 1 min read

Yala National Park Zones 1 and 2 to close from Sept. 14

It has been decided to close Zones 01 and 02 of Yala National Park from September 14, taking into account the challenges faced by animals…

Deputy Minister rejects claims of shifting tax terms at Port City after investor backlash

Sep 8, 20262 months ago 3 min read

Deputy Minister rejects claims of shifting tax terms at Port City after investor backlash

Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe was drawn into a public dispute on LinkedIn over the past day after a technology entrepreneur accused…

world

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