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

Oct 29, 2026 6 hours ago 3 min read
Jio Surges 27% on Market Debut, Reaches US$137 Billion Valuation

MUMBAI, October 29, 2026 — Mukesh Ambani’s Reliance Jio Platforms climbed approximately 27% on its Mumbai stock market debut on Wednesday, reaching a valuation of…

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

Oct 28, 2026 1 day ago 3 min read
Sri Lanka Begins APG Review of Anti-Money Laundering and Counter-Terrorism Financing Framework

COLOMBO, October 28, 2026 — Sri Lanka’s third mutual evaluation by the Asia/Pacific Group on Money Laundering (APG) has commenced, with assessors examining the country’s…

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

Oct 28, 2026 1 day ago 2 min read
IMF Technology Chief Urges Strong Governance and Public Trust in AI-Driven Central Banking

COLOMBO, October 28, 2026 — Central banks adopting artificial intelligence must prioritise public trust, strong governance and human oversight, IMF Chief Information Officer Shirin Hamid…

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

Oct 28, 2026 1 day ago 2 min read
Cabinet Clears US$100 Million ADB Loan Agreement for Economic Recovery Programme

COLOMBO, October 28, 2026 — The Cabinet of Ministers has approved entering into a US$100 million loan agreement with the Asian Development Bank (ADB) to…

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

Oct 28, 2026 1 day ago 4 min read
CSE Targets Record Rs. 200 Billion in Capital Raising as New Investment Products Take Shape

COLOMBO, October 28, 2026 — Capital raised through the Colombo Stock Exchange (CSE) could reach a record Rs. 200 billion this year, Chief Executive Officer…

BIZ BREAKING

Brent Crude Hits Five-Month High of US$113.17 as Houthi Attacks Raise Supply Fears

Oct 23, 2026 6 days ago 2 min read
Brent Crude Hits Five-Month High of US$113.17 as Houthi Attacks Raise Supply Fears

COLOMBO, October 23, 2026 — Global oil prices rose sharply on Thursday, with Brent crude reaching a five-month closing high as Houthi attacks in Saudi Arabia heightened concerns over further disruptions to Middle Eastern energy supplies. Brent crude futures gained…

ADB Approves US$100 Million to Expand Livelihood Support and Social Protection in Sri Lanka

Oct 22, 2026 1 week ago 2 min read
ADB Approves US$100 Million to Expand Livelihood Support and Social Protection in Sri Lanka

COLOMBO, October 22, 2026 — The Asian Development Bank (ADB) has approved US$100 million in financing to strengthen Sri Lanka’s social protection system, expand economic opportunities for low-income households and improve care services for the elderly. The financing comprises a…

Sri Lanka’s Tea Export Earnings Top US$1 Billion as Rupee Revenue Rises Despite Dollar Decline

Oct 21, 2026 1 week ago 3 min read
Sri Lanka’s Tea Export Earnings Top US$1 Billion as Rupee Revenue Rises Despite Dollar Decline

COLOMBO, October 21, 2026 — Sri Lanka earned approximately US$1.083 billion from tea exports during the first nine months of 2026, crossing the billion-dollar mark despite lower shipment volumes and a decline from the US$1.163 billion recorded a year earlier.…

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

Oct 20, 2026 1 week ago 3 min read
Rs. 3 Billion HLAB Fund Launched to Back Business Growth; First Capital Commits Rs. 300 Million

COLOMBO, October 20, 2026 — Hatch, Lankan Angel Network and BOV Capital have launched HLAB, a Rs. 3 billion investment fund aimed at supporting early and growth-stage companies incorporated in Sri Lanka, with First Capital Holdings PLC committing Rs. 300…

BUSINESS

Sri Lankan Firms Explore Maldives Hospitality Market at Hotel Asia 2026

Oct 24, 2026 5 days ago 2 min read
Sri Lankan Firms Explore Maldives Hospitality Market at Hotel Asia 2026

COLOMBO, October 24, 2026 — Sri Lankan companies showcased hospitality products and services at Hotel Asia 2026 in the Maldives, seeking new buyers, business partnerships…

Hayleys Solar Launches 24/7 Operations Centre to Monitor Renewable Energy Assets

Oct 23, 2026 6 days ago 3 min read
Hayleys Solar Launches 24/7 Operations Centre to Monitor Renewable Energy Assets

COLOMBO, October 23, 2026 — Hayleys Solar has introduced a dedicated 24-hour Renewable Energy Operations Centre (ROC), bringing renewable energy assets onto a centralised digital…

NDB Reports Rs. 7.7 Billion Nine-Month Profit After Fraud Charges; Q3 Earnings Reach Rs. 2.9 Billion

Oct 22, 2026 1 week ago 3 min read
NDB Reports Rs. 7.7 Billion Nine-Month Profit After Fraud Charges; Q3 Earnings Reach Rs. 2.9 Billion

COLOMBO, October 22, 2026 — National Development Bank PLC (NDB) reported a post-tax profit of Rs. 7.7 billion for the nine months ended September 30,…

Access Engineering Expects Rs. 310 Million Company-Level Loss from Logistics Project Exit

Oct 21, 2026 1 week ago 2 min read
Access Engineering Expects Rs. 310 Million Company-Level Loss from Logistics Project Exit

COLOMBO, October 21, 2026 — Access Engineering PLC expects to recognise a loss of approximately Rs. 310 million in its standalone company financial statements following…

ECONOMY

Sri Lanka’s NCPI Inflation Steady at 8.1% in September as Food Prices Accelerate

Oct 22, 2026 1 week ago 1 min read
Sri Lanka’s NCPI Inflation Steady at 8.1% in September as Food Prices Accelerate

COLOMBO, October 22, 2026 — Sri Lanka’s headline inflation, measured by the National Consumer Price Index (NCPI), remained unchanged at 8.1% year-on-year in September 2026,…

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

Oct 20, 2026 1 week ago 2 min read
Vidullanka–David Pieris Solar Plant Adds 10 MW to Sri Lanka’s National Grid

COLOMBO, October 20, 2026 — Vidullanka PLC and David Pieris Motor Company have inaugurated a 10 MW solar power plant in Ranna, expanding Sri Lanka’s…

Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

Oct 18, 2026 2 weeks ago 2 min read
Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

COLOMBO, October 18, 2026 — Litro Gas Lanka Limited is expecting a shipment carrying 3,900 metric tonnes of liquefied petroleum gas (LPG) to arrive in…

Colombo Port Handles US$30 Billion in U.S.-Related Cargo Annually

Oct 17, 2026 2 weeks 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…

MARKETS

Colombo Stocks Close Lower as Crossings Drive Turnover Above Rs. 1.5 Billion

Oct 22, 2026 1 week ago 2 min read
Colombo Stocks Close Lower as Crossings Drive Turnover Above Rs. 1.5 Billion

COLOMBO, October 22, 2026 — Colombo stock market indices ended lower as price declines in Commercial Bank, Carson Cumberbatch and Hayleys weighed on the All…

Colombo Bourse Loses Rs. 324 Billion in October as ASPI Falls Below 20,000

Oct 21, 2026 1 week ago 2 min read
Colombo Bourse Loses Rs. 324 Billion in October as ASPI Falls Below 20,000

COLOMBO, October 21, 2026 — The Colombo Stock Exchange’s total market capitalisation has fallen by nearly Rs. 324 billion since the beginning of October, with…

Colombo Stocks Close Lower as Key Shares Decline; Turnover Tops Rs. 680 Million

Oct 20, 2026 1 week ago 2 min read
Colombo Stocks Close Lower as Key Shares Decline; Turnover Tops Rs. 680 Million

COLOMBO, October 20, 2026 — Colombo stock market indices closed lower as price declines in Dialog Axiata, Hatton National Bank and Hemas Holdings weighed on…

CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

Oct 17, 2026 2 weeks ago 2 min read
CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

COLOMBO, October 17, 2026 — Sri Lanka’s stock market ended the week on a positive note, with gains in counters such as Dialog Axiata, Distilleries…

NATION

All Three Norochcholai Units Reconnected to National Grid Following October 17 Outage

Oct 24, 2026 5 days ago 1 min read
All Three Norochcholai Units Reconnected to National Grid Following October 17 Outage

COLOMBO, October 24, 2026 — All three generating units at the Norochcholai Coal Power Plant have been successfully reconnected to Sri Lanka’s national grid after…

Hambantota Port Targets Two Million TEU Capacity as Suez Return Opens New Opportunities

Oct 23, 2026 6 days ago 4 min read
Hambantota Port Targets Two Million TEU Capacity as Suez Return Opens New Opportunities

COLOMBO, October 23, 2026 — Hambantota International Port is preparing to increase its annual container handling capacity to two million TEUs in the first quarter…

Rain to Continue Across Sri Lanka on October 23; Southwest Wet Weather Expected Until October 27

Oct 22, 2026 1 week ago 2 min read
Rain to Continue Across Sri Lanka on October 23; Southwest Wet Weather Expected Until October 27

COLOMBO, October 22, 2026 — Rain is expected across Sri Lanka throughout October 23, while wet weather in the southwestern parts of the country is…

PUCSL Approves Power Cuts Across Four Groups for October 21

Oct 21, 2026 1 week ago 1 min read
PUCSL Approves Power Cuts Across Four Groups for October 21

COLOMBO, October 21, 2026 — Scheduled power interruptions will affect four electricity supply groups in Sri Lanka today as part of measures to manage electricity…

world

Trump Says US Is Not Negotiating with Iran, Signals Developments ‘Fairly Soon’

Oct 22, 2026 1 week ago 2 min read
Trump Says US Is Not Negotiating with Iran, Signals Developments ‘Fairly Soon’

WASHINGTON, October 22, 2026 — US President Donald Trump said Washington is not negotiating with Iran and indicated that developments could come soon, as uncertainty…

China’s Third-Quarter Growth Reaches 4.5%, Narrowly Beating Forecasts

Oct 20, 2026 1 week ago 4 min read
China’s Third-Quarter Growth Reaches 4.5%, Narrowly Beating Forecasts

BEIJING, October 20, 2026 — China’s economy expanded by 4.5% in the third quarter, slightly exceeding market expectations as strong exports helped offset weak domestic…

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

Oct 18, 2026 2 weeks 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…

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

Oct 17, 2026 2 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…