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Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

Oct 17, 20263 weeks ago 2 min read

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, 20263 weeks ago 4 min read

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…

Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

Oct 17, 20263 weeks ago 2 min read

TANGALLE, October 17, 2026 — A nine-storey surgical ward complex estimated to cost Rs. 3.09 billion is planned for Tangalle Base Hospital as part of…

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

Oct 17, 20263 weeks ago 2 min read

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…

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

Oct 17, 20263 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…

BIZ BREAKING

JAAF Backs Fresh GSP+ Application to Protect Sri Lanka’s EU Market Access

November 9, 2026

COLOMBO, November 9, 2026 — The Joint Apparel Association Forum (JAAF) has welcomed the Government’s commitment to submit a fresh…

NATION

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

October 12, 2026

BADULLA, October 12, 2026 — Sri Lanka has launched its…

WORLD

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

October 12, 2026

WASHINGTON, October 12, 2026 — US President Donald Trump is…

BUSINESS

JETOUR Expands Sri Lankan Footprint with Second Showroom at Colombo City Centre

October 11, 2026

COLOMBO, October 11, 2026 — Chinese automotive brand JETOUR is…

BIZ BREAKING

BUSINESS

Fitch Upgrades Commercial Bank to ‘AA(lka)’ Following National Rating Scale Recalibration

ECONOMY

Sri Lanka’s Remittances Reach US$735.6 Million in October; Ten-Month Inflows Top US$7.6 Billion

MARKETS

Colombo Stocks End Week Higher as ASPI Gains 5.4%; Daily Turnover Averages Rs. 3 Billion

NATION

Passenger Drone Test Flights Begin at Colombo Port City Ahead of November 11 Demonstration

World

China Extends Suspension of 24% Additional Tariff on US Goods for Two Months

BIZ BREAKING

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Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

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

Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

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

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

JAAF Backs Fresh GSP+ Application to Protect Sri Lanka’s EU Market Access

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

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

JETOUR Expands Sri Lankan Footprint with Second Showroom at Colombo City Centre

BIZ BREAKING

JAAF Backs Fresh GSP+ Application to Protect Sri Lanka’s EU Market Access

Sri Lanka’s Official Reserves Top US$7 Billion in October, Rising 3.2%

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Fitch Upgrades Commercial Bank to ‘AA(lka)’ Following National Rating Scale Recalibration

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Sri Lanka’s Remittances Reach US$735.6 Million in October; Ten-Month Inflows Top US$7.6 Billion

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MARKETS

Colombo Stocks End Week Higher as ASPI Gains 5.4%; Daily Turnover Averages Rs. 3 Billion

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NATION

Passenger Drone Test Flights Begin at Colombo Port City Ahead of November 11 Demonstration

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World

China Extends Suspension of 24% Additional Tariff on US Goods for Two Months

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