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

October 31, 2026

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

October 31, 2026

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

October 31, 2026

Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea

October 31, 2026

IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

Oct 15, 20262 weeks ago 2 min read

COLOMBO, October 15, 2026 — The Inland Revenue Department (IRD) has reminded individuals registered for income tax to submit their income tax returns for the…

Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

Oct 15, 20262 weeks ago 2 min read

MALÉ, October 15, 2026 — Sri Lanka has been named the Leading Wellness Destination at the 10th South Asian Travel Awards (SATA) 2026, securing the…

CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

Oct 15, 20262 weeks ago 2 min read

COLOMBO, October 15, 2026 — The Colombo Stock Exchange (CSE) ended the trading session in negative territory, with declines in Dialog Axiata, Carson Cumberbatch and…

Petrol-Only Vehicles Fall Below 50% of Global Auto Market for First Time

Oct 15, 20262 weeks ago 5 min read

TOKYO, October 15, 2026 — Petrol-only vehicles accounted for less than half of global new-vehicle sales for the first time in the first half of…

Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

Oct 14, 20262 weeks ago 4 min read

COLOMBO, October 14, 2026 — Global oil prices climbed on Wednesday as attacks on commercial vessels in the Strait of Hormuz and reports of new…

BIZ BREAKING

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

October 31, 2026

COLOMBO, October 31, 2026 — Fitch Ratings has upgraded the National Long-Term Ratings of Bank of Ceylon, People’s Bank and…

NATION

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

September 8, 2026

Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe was drawn…

NATION

President expects favourable SC ruling on controversial 22nd Amendment

September 8, 2026

President Anura Kumara Dissanayake said the 22nd Amendment to the…

NATION

India’s defence minister Rajnath Singh to visit Sri Lanka today

September 8, 2026

Indian Defence Minister Rajnath Singh is scheduled to arrive in…

BIZ BREAKING

BUSINESS

ECONOMY

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

MARKETS

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

NATION

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

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Latest news

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

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

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

Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea

IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

Petrol-Only Vehicles Fall Below 50% of Global Auto Market for First Time

Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

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

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

President expects favourable SC ruling on controversial 22nd Amendment

India’s defence minister Rajnath Singh to visit Sri Lanka today

BIZ BREAKING

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

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

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

BUSINESS

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

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

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

ECONOMY

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

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

MARKETS

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

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

NATION

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

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

President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

World

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

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

Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea