CBSL Clarifies EY Remains Eligible to Audit Licensed Banks

Nov 11, 2026 3 days ago 1 min read
CBSL Clarifies EY Remains Eligible to Audit Licensed Banks

COLOMBO, November 11, 2026 — The Central Bank of Sri Lanka (CBSL) has clarified that Ernst & Young, Sri Lanka (EY) remains eligible to audit…

Industry Minister raises performance-based reward scheme with President as productivity competition returns after five-year gap

Nov 11, 2026 3 days ago 2 min read
Industry Minister raises performance-based reward scheme with President as productivity competition returns after five-year gap

COLOMBO, November 11, 2026 — Minister of Industry and Entrepreneurship Development Sunil Handunnetti has called for a KPI-based incentive scheme to reward measurable gains in…

ASPI Surges 592 Points Above 22,000 as CSE Turnover Hits Rs. 7.95 Billion

Nov 10, 2026 4 days ago 1 min read
ASPI Surges 592 Points Above 22,000 as CSE Turnover Hits Rs. 7.95 Billion

COLOMBO, November 10, 2026 — The Colombo Stock Exchange recorded a sharp rally, with the All Share Price Index (ASPI) climbing 592.02 points, or 2.75%,…

CBSL Bars EY Audit Partners from Banking Audits Following Rs. 13.6 Billion NDB Fraud

Nov 10, 2026 4 days ago 1 min read
CBSL Bars EY Audit Partners from Banking Audits Following Rs. 13.6 Billion NDB Fraud

COLOMBO, November 10, 2026 — The Central Bank of Sri Lanka has barred the Ernst & Young partners responsible for auditing National Development Bank from…

Nvidia Falls Nearly 7.5% at Open, Erasing US$335 Billion Before Paring Losses

Nov 10, 2026 4 days ago 2 min read
Nvidia Falls Nearly 7.5% at Open, Erasing US$335 Billion Before Paring Losses

NEW YORK, November 10, 2026 — Nvidia shares plunged nearly 7.5% in early trading on Monday, temporarily wiping approximately US$335 billion from its market value,…

Budget 2027 Targets Rs. 6.18 Trillion in Revenue and Grants, Deficit at 4.5% of GDP

COLOMBO, November 13, 2026 — Sri Lanka’s 2027 Budget estimates total government revenue and grants at Rs. 6,180 billion, with…

BIZ BREAKING

Crypto Cannot Be Used for Domestic Payments, CBSL Governor Says

Nov 4, 2026 1 week ago 2 min read
Crypto Cannot Be Used for Domestic Payments, CBSL Governor Says

COLOMBO, November 4, 2026 — Digital assets cannot be used for payments between residents under Sri Lanka’s current legal framework, Central Bank Governor Dr. Nandalal Weerasinghe said, stressing the need to protect the rupee and preserve monetary sovereignty. Speaking at…

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

Nov 3, 2026 2 weeks 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 2 weeks 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 2 weeks 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.…

BUSINESS

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

Nov 5, 2026 1 week 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…

JKH’s Attributable Profit Surges 213% to Rs. 5.17 Billion in Q2; PBT Reaches Rs. 7.95 Billion

Nov 4, 2026 1 week ago 4 min read
JKH’s Attributable Profit Surges 213% to Rs. 5.17 Billion in Q2; PBT Reaches Rs. 7.95 Billion

COLOMBO, November 4, 2026 — John Keells Holdings PLC (JKH) recorded a 213% increase in profit attributable to equity holders of the parent to Rs.…

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

Nov 3, 2026 2 weeks 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 2 weeks 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…

ECONOMY

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

Oct 28, 2026 2 weeks 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 3 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 3 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 3 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

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

Oct 29, 2026 2 weeks 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 2 weeks 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 3 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…

Colombo Stocks End Lower as Crossings Account for 77.6% of Turnover

Oct 23, 2026 3 weeks ago 2 min read
Colombo Stocks End Lower as Crossings Account for 77.6% of Turnover

COLOMBO, October 23, 2026 — Colombo stock market indices closed lower as price declines in Distilleries, Hatton National Bank and Dialog Axiata weighed on the…

NATION

Cabinet Approves Rs. 3.33 Billion to Restore Cyclone-Damaged Roads

Nov 4, 2026 1 week ago 2 min read
Cabinet Approves Rs. 3.33 Billion to Restore Cyclone-Damaged Roads

COLOMBO, November 4, 2026 — The Cabinet of Ministers has approved three contracts totalling Rs. 3,334.28 million, excluding VAT and other applicable taxes, to rehabilitate…

Fuel Import Costs Up 50%, Limiting Price Relief Despite Rs. 57 Billion Subsidy Allocation: Minister

Nov 3, 2026 2 weeks ago 2 min read
Fuel Import Costs Up 50%, Limiting Price Relief Despite Rs. 57 Billion Subsidy Allocation: Minister

COLOMBO, November 3, 2026 — Sri Lanka’s fuel import costs have increased by approximately 50% compared with last year, limiting the government’s ability to provide…

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

Oct 30, 2026 2 weeks 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 2 weeks 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…

world

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

Nov 2, 2026 2 weeks 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 2 weeks 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 2 weeks 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 2 weeks 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…