Trump to Take Up to 60 Days to Review Russia Sanctions, Rubio Says

Oct 18, 2026 1 day ago 4 min read
Trump to Take Up to 60 Days to Review Russia Sanctions, Rubio Says

WASHINGTON, October 18, 2026 — US President Donald Trump will take up to 60 days to assess the economic implications of Russia-related sanctions and tariffs…

Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

Oct 17, 2026 2 days ago 4 min read
Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

TOKYO / COLOMBO, 17 October 2026 — Japan has reaffirmed its commitment to a roadmap for a Sri Lanka–Japan Export-Oriented Industrial Corridor following talks with…

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

Oct 17, 2026 2 days 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 days 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 3 days 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…

BIZ BREAKING

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

Oct 14, 2026 6 days ago 4 min read
Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

COLOMBO, October 14, 2026 — Global oil prices climbed on Wednesday as attacks on commercial vessels in the Strait of Hormuz and reports of new Iranian tactics against shipping intensified concerns over energy supply disruptions, threatening to increase costs for…

Cabinet Approves US$100 Million ADB Financing for Sri Lanka’s Water Sector Reforms

Oct 13, 2026 6 days ago 3 min read
Cabinet Approves US$100 Million ADB Financing for Sri Lanka’s Water Sector Reforms

COLOMBO, October 13, 2026 — Sri Lanka’s Cabinet has approved a US$100 million policy-based financing facility from the Asian Development Bank (ADB) to advance the second sub-programme of the country’s Water Supply and Sanitation Reform Programme, supporting efforts to address…

FCCISL and Department of Commerce Step Up Coordination to Drive Sri Lanka’s US$36 Billion Export Target

Oct 12, 2026 1 week ago 6 min read
FCCISL and Department of Commerce Step Up Coordination to Drive Sri Lanka’s US$36 Billion Export Target

Department of Commerce consultation with trade chambers and industry associations COLOMBO, October 12, 2026 — The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and the Department of Commerce are strengthening cooperation on export promotion, trade facilitation…

EDB Appoints 24 Export Advisory Committees to Drive Sri Lanka’s US$36 Billion Export Target

Oct 9, 2026 1 week ago 4 min read
EDB Appoints 24 Export Advisory Committees to Drive Sri Lanka’s US$36 Billion Export Target

Minister Sunil Handunnetti, EDB Chairman Mangala Wijesinghe COLOMBO, October 9, 2026 — Sri Lanka has established 24 export advisory committees for 2026–2029 to help remove regulatory barriers, improve business competitiveness and accelerate progress towards its ambitious target of generating US$36 billion…

BUSINESS

Home Lands Completes Piling for Port City’s Central Park Boulevard Ahead of Schedule

Oct 15, 2026 4 days ago 4 min read
Home Lands Completes Piling for Port City’s Central Park Boulevard Ahead of Schedule

COLOMBO, October 15, 2026 — Home Lands Group has completed 100% of piling work for its ultra-luxury residential development, Central Park Boulevard Port City Colombo,…

Sri Lanka Takes EXPO 2027 Investment and Export Opportunities to Thai Business Community

Oct 14, 2026 6 days ago 4 min read
Sri Lanka Takes EXPO 2027 Investment and Export Opportunities to Thai Business Community

BANGKOK, October 14, 2026 — Sri Lanka is stepping up efforts to strengthen trade and investment ties with Thailand ahead of Sri Lanka EXPO 2027,…

Dipped Products Opens Rs. 4.2 Billion Glove Manufacturing Plant in Katunayake EPZ

Oct 13, 2026 6 days ago 2 min read
Dipped Products Opens Rs. 4.2 Billion Glove Manufacturing Plant in Katunayake EPZ

KATUNAYAKE, October 13, 2026 — Dipped Products PLC (DPL), the Hayleys Group’s glove manufacturing business, has commenced operations at a new Rs. 4.2 billion manufacturing…

Sungrow Commissions Sri Lanka’s 10 MW/40 MWh Battery Storage Project in Galle

Oct 12, 2026 1 week ago 5 min read
Sungrow Commissions Sri Lanka’s 10 MW/40 MWh Battery Storage Project in Galle

GALLE, October 12, 2026 — Global renewable energy technology supplier Sungrow has commissioned a 10 MW/40 MWh battery energy storage system (BESS) developed by WKV…

ECONOMY

Sri Lanka Courts Investors With Renewable Energy, Port Expansion and Rs. 2 Trillion Capital Spending Plan

Oct 14, 2026 6 days ago 7 min read
Sri Lanka Courts Investors With Renewable Energy, Port Expansion and Rs. 2 Trillion Capital Spending Plan

COLOMBO, October 14, 2026 — President Anura Kumara Dissanayake has outlined an investment-led economic strategy centred on renewable energy, port infrastructure, rural enterprise development and…

MF Projects Sri Lanka’s Economic Growth to Moderate to 3.7% in 2027

Oct 13, 2026 6 days ago 3 min read
MF Projects Sri Lanka’s Economic Growth to Moderate to 3.7% in 2027

COLOMBO, October 13, 2026 — Sri Lanka’s economic growth is projected to ease to 3.7% in 2027 from an estimated 4% in 2026, according to…

President to Open Sri Lanka Economic and Investment Summit 2026 as Focus Shifts to Growth and Investment

Oct 12, 2026 1 week ago 4 min read
President to Open Sri Lanka Economic and Investment Summit 2026 as Focus Shifts to Growth and Investment

COLOMBO, October 12, 2026 — President Anura Kumara Dissanayake is scheduled to inaugurate the Sri Lanka Economic & Investment Summit 2026 today at Shangri-La Colombo,…

“You can increase your fuel prices, but we won’t”: Govt tells private suppliers

Oct 11, 2026 1 week ago 2 min read
“You can increase your fuel prices, but we won’t”: Govt tells private suppliers

COLOMBO, October 11, 2026 — The Sri Lankan government has ruled out increasing fuel prices to accommodate the demands of private fuel suppliers, with Energy…

MARKETS

CSE Closes in Red as Hemas, LOLC Holdings and Cargills Weigh on Market Sentiment

Oct 13, 2026 6 days ago 3 min read
CSE Closes in Red as Hemas, LOLC Holdings and Cargills Weigh on Market Sentiment

COLOMBO, October 13, 2026 — Sri Lanka’s stock market closed lower as selling pressure on heavyweight counters, including Hemas Holdings, LOLC Holdings and Cargills, dragged…

CSE Ends Week on Positive Note as Banking Stocks Lift Daily Indices Despite Weekly Losses

Oct 11, 2026 1 week ago 3 min read
CSE Ends Week on Positive Note as Banking Stocks Lift Daily Indices Despite Weekly Losses

COLOMBO, October 11, 2026 — Sri Lanka’s stock market ended the week’s final trading session in positive territory, supported by price gains in Dialog Axiata,…

CSE Indices Close Lower as Rs. 2.7 Billion Turnover Concentrates in Key Counters

Oct 9, 2026 2 weeks ago 2 min read
CSE Indices Close Lower as Rs. 2.7 Billion Turnover Concentrates in Key Counters

COLOMBO, October 9, 2026 — Sri Lanka’s stock market closed in negative territory as selling pressure on heavyweight counters, including Distilleries Company of Sri Lanka,…

CSE Ends Lower as ASPI and S&P SL20 Decline on Broad-Based Selling

Oct 8, 2026 2 weeks ago 2 min read
CSE Ends Lower as ASPI and S&P SL20 Decline on Broad-Based Selling

COLOMBO, October 8, 2026 — Sri Lanka’s stock market ended the session in negative territory today, with both the All Share Price Index (ASPI) and…

NATION

Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

Oct 15, 2026 4 days ago 2 min read
Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

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

Sri Lanka Plans Integrated Digital Database to Strengthen Praja Shakthi Poverty Eradication Programme

Oct 14, 2026 6 days ago 3 min read
Sri Lanka Plans Integrated Digital Database to Strengthen Praja Shakthi Poverty Eradication Programme

COLOMBO, October 14, 2026 — Sri Lanka is considering the development of an integrated digital database to identify rural development needs and improve the implementation…

Sri Lanka to Provide Rs. 6,000 Stationery Allowance to 1.5 Million Students in 2027

Oct 13, 2026 6 days ago 3 min read
Sri Lanka to Provide Rs. 6,000 Stationery Allowance to 1.5 Million Students in 2027

COLOMBO, October 13, 2026 — The Government has approved the continuation of its school stationery assistance programme for 2027, providing Rs. 6,000 each to 1.5…

Sri Lanka Launches Second King Coconut Village in Badulla Under National Export Drive

Oct 12, 2026 1 week ago 4 min read
Sri Lanka Launches Second King Coconut Village in Badulla Under National Export Drive

BADULLA, October 12, 2026 — Sri Lanka has launched its second king coconut village in Badulla District as the Government advances a nationwide programme to…

world

Apple Unveils HomeView Smart Home Hub With Upgraded Siri AI, Intensifying Tech Competition

Oct 14, 2026 6 days ago 4 min read
Apple Unveils HomeView Smart Home Hub With Upgraded Siri AI, Intensifying Tech Competition

CUPERTINO, October 14, 2026 — Apple has unveiled a new range of smart home devices led by HomeView, a $299 touchscreen hub powered by an…

US Hopes Russian Diesel Deal Will Help Bring Moscow Back to Ukraine Peace Talks

Oct 13, 2026 6 days ago 7 min read
US Hopes Russian Diesel Deal Will Help Bring Moscow Back to Ukraine Peace Talks

WASHINGTON, October 13, 2026 — The Trump administration is seeking to use a controversial deal allowing Russian diesel exports to encourage Moscow to resume negotiations…

Trump Faces Backlash Over Planned Russian Diesel Imports Amid Global Energy Crisis

Oct 12, 2026 1 week ago 6 min read
Trump Faces Backlash Over Planned Russian Diesel Imports Amid Global Energy Crisis

WASHINGTON, October 12, 2026 — US President Donald Trump is facing mounting political and international criticism over plans to import large volumes of diesel from…

Trump Calls for Zelenskiy’s Replacement as US-Russia Diesel Deal Deepens Ukraine Rift

Oct 11, 2026 1 week ago 4 min read
Trump Calls for Zelenskiy’s Replacement as US-Russia Diesel Deal Deepens Ukraine Rift

WASHINGTON, October 11, 2026 — US President Donald Trump has called for Ukraine to replace President Volodymyr Zelenskiy, intensifying tensions between Washington and Kyiv after…