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Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

Oct 2, 20264 weeks ago 3 min read

COLOMBO, October 2, 2026 — The government plans to introduce a simplified tax framework from 2027, including the gradual removal of additional levies imposed alongside…

Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

Oct 2, 20264 weeks ago 2 min read

COLOMBO, October 2, 2026 — A Rs. 22.017 billion development project aimed at strengthening irrigation and water security in Monaragala is expected to benefit approximately…

CSE Snaps Six-Session Losing Streak as Buying Interest Improves

Oct 2, 20264 weeks ago 3 min read

COLOMBO, October 2, 2026 — The Colombo Stock Exchange snapped a six-session losing streak on Thursday, with both benchmark indices closing higher as buying interest…

India Approves $19 Billion Programme to Expand Renewable Energy Grid

Oct 2, 20264 weeks ago 3 min read

NEW DELHI, October 2, 2026 — India’s Cabinet has approved a Rs. 1.86 trillion (US$19.42 billion) investment programme to strengthen the country’s power transmission network…

Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

Oct 1, 20264 weeks ago 3 min read

COLOMBO, October 1, 2026 — Sri Lanka’s fuel subsidy and higher taxes on vehicle imports have helped contain inflationary pressure while limiting foreign exchange outflows,…

BIZ BREAKING

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

October 30, 2026

COLOMBO, October 30, 2026 — Union Bank reported a 104% increase in profit after tax to Rs. 701 million for…

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…

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World Bank Forecasts 23% Rise in Commodity Prices as Energy and Food Costs Climb

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

World

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

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Latest news

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

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

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

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

Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

CSE Snaps Six-Session Losing Streak as Buying Interest Improves

India Approves $19 Billion Programme to Expand Renewable Energy Grid

Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

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

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

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

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

BUSINESS

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

LAUGFS Gas Explores Investment and Potential Stake Sale in Hambantota LPG Terminal

ECONOMY

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

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

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

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

Luxury World Cruise Suspended in Cambodia as Soaring Fuel Costs Strand Passengers

Bolsonaro’s Party Recognises Lula Victory as Trump Questions Brazil Election Without Evidence