Hemas H1 Revenue Rises 9.5% to Rs. 66.6 Billion as Strong Q2 Restores EBITDA Growth

Nov 6, 2026 13 hours ago 3 min read
Hemas H1 Revenue Rises 9.5% to Rs. 66.6 Billion as Strong Q2 Restores EBITDA Growth

COLOMBO, November 6, 2026 — Hemas Holdings PLC recorded revenue of Rs. 66.6 billion for the first half of FY2026/27, up 9.5% year-on-year, as a…

Nasdaq 100 Loses US$2.5 Trillion as Democrat Election Gains Deepen AI Investment Fears

Nov 6, 2026 14 hours ago 3 min read
Nasdaq 100 Loses US$2.5 Trillion as Democrat Election Gains Deepen AI Investment Fears

NEW YORK, November 6, 2026 — A sharp selloff in technology stocks erased US$2.5 trillion from the Nasdaq 100 on Thursday as investors feared the…

JAT Holdings’ Revenue Rises 36% to Rs. 7.01 Billion as Foreign Operations More Than Double

Nov 5, 2026 1 day ago 4 min read
JAT Holdings’ Revenue Rises 36% to Rs. 7.01 Billion as Foreign Operations More Than Double

COLOMBO, November 5, 2026 — JAT Holdings PLC reported a 36% increase in Group revenue to Rs. 7.01 billion for the six months ended September…

Colombo Stocks Close Higher as Banking Gains Lift Turnover Above Rs. 3.9 Billion

Nov 5, 2026 2 days ago 2 min read
Colombo Stocks Close Higher as Banking Gains Lift Turnover Above Rs. 3.9 Billion

COLOMBO, November 5, 2026 — The Colombo Stock Exchange’s benchmark indices closed higher, supported by gains in Commercial Bank, Dialog Axiata and Hatton National Bank,…

Fitch Upgrades People’s Leasing, MBSL and CBC Finance; Outlooks Stable

Nov 5, 2026 2 days ago 3 min read
Fitch Upgrades People’s Leasing, MBSL and CBC Finance; Outlooks Stable

COLOMBO, November 5, 2026 — Fitch Ratings has upgraded the National Long-Term Ratings of three Sri Lankan bank-owned non-bank financial institutions, reflecting their parent banks’…

BIZ BREAKING

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

Nov 3, 2026 3 days ago 3 min read
CAL Signs Deal to Acquire 51% of Hong Kong Fund Manager Asia Frontier Capital

COLOMBO, November 3, 2026 — Capital Alliance Holdings PLC (CAL) has signed an agreement to acquire a 51% stake in Hong Kong-based fund manager Asia Frontier Capital Ltd. (AFC), advancing its international expansion and broadening its frontier-market investment platform. The…

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

Nov 2, 2026 4 days ago 3 min read
Sri Lanka’s Exports Hit Record US$1.38 Billion, but September Current Account Posts US$128 Million Deficit

COLOMBO, November 2, 2026 — Sri Lanka recorded its highest-ever monthly merchandise export earnings of US$1.377 billion in September 2026, but the external current account returned to a deficit of US$128 million following August’s surplus. Merchandise exports increased by 21.0%…

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

Oct 31, 2026 7 days ago 3 min read
Fitch Upgrades BOC, People’s Bank and Commercial Bank; Downgrades Cargills Bank

COLOMBO, October 31, 2026 — Fitch Ratings has upgraded the National Long-Term Ratings of Bank of Ceylon, People’s Bank and Commercial Bank, while downgrading Cargills Bank, following a recalibration of Sri Lanka’s national rating scale after the sovereign’s recent upgrade.…

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

Oct 30, 2026 1 week ago 2 min read
Union Bank’s Nine-Month Profit After Tax More Than Doubles to Rs. 701 Million

COLOMBO, October 30, 2026 — Union Bank reported a 104% increase in profit after tax to Rs. 701 million for the nine months ended September 30, 2026, while profit before all taxes rose by 48% to Rs. 1.744 billion, supported…

BUSINESS

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

Nov 3, 2026 3 days ago 2 min read
Hayleys Solar Inaugurates Two Kosgama Projects with Combined Capacity of 5 MW

COLOMBO, November 3, 2026 — Hayleys Solar has inaugurated two ground-mounted solar power projects in Kosgama with a combined capacity of 5 MW, expanding its…

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

Nov 2, 2026 5 days ago 1 min read
Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

COLOMBO, November 2, 2026 — Home Lands has showcased Sri Lankan real estate investment opportunities at a property investment roadshow in Ottawa, Canada, engaging prospective…

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

Oct 30, 2026 1 week ago 3 min read
Sri Lanka Launches AgriConnect with US$665 Million in Investment Backing to Support Farmers and Agribusinesses

COLOMBO, October 30, 2026 — Sri Lanka has launched the AgriConnect Joint Implementation Plan with the World Bank Group and the International Fund for Agricultural…

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

Oct 29, 2026 1 week ago 2 min read
Japan Grants Rs. 4.56 Billion for Kelani River Pumping Project to Protect Businesses and Communities

COLOMBO, October 29, 2026 — Japan has agreed to provide JPY 2.179 billion, approximately Rs. 4.56 billion, in grant assistance for a Kelani River pumping…

ECONOMY

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

Oct 28, 2026 1 week 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…

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

Oct 27, 2026 2 weeks ago 2 min read
Sri Lanka’s Exports Reach US$13.6 Billion in Nine Months as September Sets Monthly Record

COLOMBO, October 27, 2026 — Sri Lanka’s total export earnings reached US$13.612 billion during the first nine months of 2026, supported by a record monthly…

Vegetable Prices Rise Amid Rainy Weather; Tomatoes Reach Rs. 650 a Kilogram Wholesale

Oct 26, 2026 2 weeks ago 1 min read
Vegetable Prices Rise Amid Rainy Weather; Tomatoes Reach Rs. 650 a Kilogram Wholesale

COLOMBO, October 26, 2026 — Wholesale prices of several upcountry and low-country vegetables have risen sharply amid prevailing rainy weather, with tomatoes, capsicum and cabbage…

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

Oct 22, 2026 2 weeks 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,…

MARKETS

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

Oct 30, 2026 1 week ago 2 min read
CSE Recovery Enters Third Session as ASPI Jumps 297 Points Above 20,250

COLOMBO, October 30, 2026 — The Colombo Stock Exchange extended its recovery for a third consecutive session on October 29, with broad-based buying lifting the…

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

Oct 29, 2026 1 week ago 2 min read
Colombo Stocks Rise as Banking and Telecom Gains Lift Turnover Above Rs. 2.2 Billion

COLOMBO, October 29, 2026 — Colombo stock market indices closed higher, supported by price gains in Commercial Bank, Dialog Axiata and Hatton National Bank, while…

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

Oct 28, 2026 1 week 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…

Colombo Stocks End Week Lower as ASPI Loses 2.5%; Daily Turnover Averages Rs. 972 Million

Oct 24, 2026 2 weeks ago 2 min read
Colombo Stocks End Week Lower as ASPI Loses 2.5%; Daily Turnover Averages Rs. 972 Million

COLOMBO, October 24, 2026 — Colombo stocks ended the week in negative territory, with the All Share Price Index (ASPI) declining by 2.5% and the…

NATION

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

Oct 30, 2026 1 week ago 3 min read
Centrum Air Connects Tashkent and Mattala with Twice-Weekly Direct Flights

COLOMBO, October 30, 2026 — Uzbekistan’s Centrum Air has introduced direct scheduled flights between Tashkent and Mattala Rajapaksa International Airport, expanding Sri Lanka’s connections with…

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

Oct 29, 2026 1 week ago 2 min read
Central Bank Names 27 Prohibited Scheme Entries, Warns Public Over Companies and Apps

COLOMBO, October 29, 2026 — The Central Bank of Sri Lanka (CBSL) has listed 27 entries covering companies, mobile applications and related entities determined to…

President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

Oct 28, 2026 1 week ago 2 min read
President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

COLOMBO, October 28, 2026 — President Anura Kumara Dissanayake has directed officials to accelerate projects aimed at increasing passenger capacity and improving facilities at Katunayake…

Sri Lanka Navy Officer Honoured for Near-Perfect GPA and Awards at US Naval Postgraduate School

Oct 27, 2026 2 weeks ago 2 min read
Sri Lanka Navy Officer Honoured for Near-Perfect GPA and Awards at US Naval Postgraduate School

COLOMBO, October 27, 2026 — Sri Lanka Navy Lieutenant Commander Piyumi Kathriarachchi has been recognised for graduating with honours from the US Naval Postgraduate School,…

world

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

Nov 2, 2026 5 days ago 5 min read
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Tucker Carlson claimed early Monday that the Trump administration is under intense pressure from Israeli Prime Minister Benjamin Netanyahu to launch a nuclear strike on…

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

Oct 31, 2026 7 days ago 3 min read
Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

COLOMBO, October 31, 2026 — Oil prices rose more than 2% on Friday to their highest closing levels since late April, as a tanker attack…

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

Oct 31, 2026 7 days ago 2 min read
Binance Reserves US$6.34 Billion to Cover Losses as Partners Freeze US$3 Billion in Crypto

SINGAPORE, October 31, 2026 — Binance says it has reserved more than US$6.34 billion in company funds to cover user losses following its recent security…

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

Oct 31, 2026 7 days ago 3 min read
Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea

SINGAPORE, October 31, 2026 — Binance has suffered a US$6.3 billion cryptocurrency theft, prompting the world’s largest crypto exchange to suspend withdrawals and pledge to…