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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

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, 20263 weeks ago 3 min read

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, 20263 weeks ago 6 min read

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, 20263 weeks ago 3 min read

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, 20263 weeks ago 3 min read

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…

BIZ BREAKING

CAL Signs Deal to Acquire 51% of Hong Kong Fund Manager Asia Frontier Capital

November 3, 2026

COLOMBO, November 3, 2026 — Capital Alliance Holdings PLC (CAL) has signed an agreement to acquire a 51% stake in…

WORLD

Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

October 8, 2026

WASHINGTON, October 8, 2026 — The Trump administration has proposed…

BIZ BREAKING

BOI Accelerates Northern Province Investment Drive with Two New Export Processing Zones

October 7, 2026

JAFFNA, October 7, 2026 — The Board of Investment of…

BUSINESS

CSE and Commercial Bank Join Forces to Expand Capital Market Access for Sri Lankan Businesses

October 7, 2026

COLOMBO, October 7, 2026 — The Colombo Stock Exchange (CSE)…

BIZ BREAKING

BUSINESS

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

ECONOMY

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

MARKETS

ASPI Falls 10.97% in Ten Months as October Wipes Rs. 441 Billion Off Market Value

NATION

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

World

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

BIZ BREAKING

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Latest news

PUCSL Approves Power Cuts Across Four Groups for October 21

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

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

Vidullanka–David Pieris Solar Plant Adds 10 MW to Sri Lanka’s National Grid

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

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

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

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

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

CAL Signs Deal to Acquire 51% of Hong Kong Fund Manager Asia Frontier Capital

Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

BOI Accelerates Northern Province Investment Drive with Two New Export Processing Zones

CSE and Commercial Bank Join Forces to Expand Capital Market Access for Sri Lankan Businesses

BIZ BREAKING

CAL Signs Deal to Acquire 51% of Hong Kong Fund Manager Asia Frontier Capital

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

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

BUSINESS

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

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

Sri Lanka Launches AgriConnect with US$665 Million in Investment Backing to Support Farmers and Agribusinesses

ECONOMY

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

Apparel Exports Rise 3.47% in September, but Nine-Month Earnings Remain 5.52% Lower

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

MARKETS

ASPI Falls 10.97% in Ten Months as October Wipes Rs. 441 Billion Off Market Value

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

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

NATION

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

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

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

World

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

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

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