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

Oct 29, 2026 1 day 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 2 days 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 2 days 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 2 days 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 2 days 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

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…

Sri Lanka’s 2027 Budget Expenditure Set to Rise 12.6% to Rs. 4.99 Trillion

Oct 19, 2026 2 weeks ago 3 min read
Sri Lanka’s 2027 Budget Expenditure Set to Rise 12.6% to Rs. 4.99 Trillion

COLOMBO, October 19, 2026 — Sri Lanka’s total government expenditure is projected to increase by 12.6% to Rs. 4.993 trillion in 2027, from Rs. 4.434 trillion in 2026, with a sharp expansion in capital investment and an unchanged overall borrowing…

IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

Oct 17, 2026 2 weeks ago 5 min read
IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

COLOMBO, October 17, 2026 — The International Monetary Fund (IMF) has signalled its readiness to continue supporting Sri Lanka beyond the expiry of its current lending programme in March 2027, while emphasising that completing the remaining reviews and consolidating economic…

Sri Lanka Seeks EU Investment Under €300 Billion Global Gateway Initiative

Oct 16, 2026 2 weeks ago 3 min read
Sri Lanka Seeks EU Investment Under €300 Billion Global Gateway Initiative

COLOMBO, October 16, 2026 — Sri Lanka has sought European Union (EU) investment to strengthen small and medium-sized enterprises (SMEs), develop startup incubators and expand export-oriented industries under the EU’s €300 billion Global Gateway initiative, as the country looks to…

BUSINESS

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…

Central Bank Governor Highlights Policy Credibility and Price Stability at RBI Conference

Oct 20, 2026 1 week ago 2 min read
Central Bank Governor Highlights Policy Credibility and Price Stability at RBI Conference

COLOMBO, October 20, 2026 — Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe has stressed the importance of institutional credibility, strong monetary policy…

SANKEN GEN Established as Independent International Group Following Five Decades of Construction Delivery Across Three Continents

Oct 19, 2026 2 weeks ago 3 min read
SANKEN GEN Established as Independent International Group Following Five Decades of Construction Delivery Across Three Continents

COLOMBO, October 19, 2026 — SANKEN GEN has been established as an independent international group, bringing together the Group’s overseas construction operations, real estate interests…

Sri Lanka’s AML Reforms Put Investor Confidence and International Banking Access in Focus

Oct 18, 2026 2 weeks ago 5 min read
Sri Lanka’s AML Reforms Put Investor Confidence and International Banking Access in Focus

COLOMBO, October 18, 2026 — Sri Lanka’s efforts to strengthen anti-money laundering (AML) controls and improve corporate transparency are gaining importance ahead of an upcoming…

ECONOMY

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…

Hambantota Port Handles Over 167,000 Vehicle Deliveries Amid Import Demand

Oct 16, 2026 2 weeks ago 3 min read
Hambantota Port Handles Over 167,000 Vehicle Deliveries Amid Import Demand

HAMBANTOTA, October 16, 2026 — Hambantota International Port (HIP) handled 167,569 vehicle deliveries between March 2025 and September 2026, highlighting its role in Sri Lanka’s…

IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

Oct 15, 2026 2 weeks ago 2 min read
IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

COLOMBO, October 15, 2026 — The Inland Revenue Department (IRD) has reminded individuals registered for income tax to submit their income tax returns for the…

Sri Lanka Courts Investors With Renewable Energy, Port Expansion and Rs. 2 Trillion Capital Spending Plan

Oct 14, 2026 2 weeks ago 7 min read
Sri Lanka Courts Investors With Renewable Energy, Port Expansion and Rs. 2 Trillion Capital Spending Plan

COLOMBO, October 14, 2026 — President Anura Kumara Dissanayake has outlined an investment-led economic strategy centred on renewable energy, port infrastructure, rural enterprise development and…

MARKETS

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…

CSE Indices Close Higher as Turnover Exceeds Rs. 1.5 Billion

Oct 16, 2026 2 weeks ago 2 min read
CSE Indices Close Higher as Turnover Exceeds Rs. 1.5 Billion

COLOMBO, October 16, 2026 — The Colombo Stock Exchange (CSE) ended the session on a positive note, with both the All Share Price Index (ASPI)…

CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

Oct 15, 2026 2 weeks ago 2 min read
CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

COLOMBO, October 15, 2026 — The Colombo Stock Exchange (CSE) ended the trading session in negative territory, with declines in Dialog Axiata, Carson Cumberbatch and…

CSE Extends Losses as Dialog, Commercial Bank and HNB Weigh on Indices

Oct 14, 2026 2 weeks ago 2 min read
CSE Extends Losses as Dialog, Commercial Bank and HNB Weigh on Indices

COLOMBO, October 14, 2026 — Sri Lanka’s stock market closed lower, with losses in heavyweight counters including Dialog Axiata, Commercial Bank and Hatton National Bank…

NATION

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…

China Merchants’ Exit from US$392 Million Colombo Logistics Project Raises Investment Concerns

Oct 20, 2026 1 week ago 4 min read
China Merchants’ Exit from US$392 Million Colombo Logistics Project Raises Investment Concerns

COLOMBO, October 20, 2026 — China Merchants Port Holdings’ withdrawal from a US$392 million logistics development at the Port of Colombo has raised concerns over…

Sri Lanka Records US$2.24 Billion in Tourism Earnings in First Nine Months

Oct 19, 2026 2 weeks ago 2 min read
Sri Lanka Records US$2.24 Billion in Tourism Earnings in First Nine Months

COLOMBO, October 19, 2026 — Sri Lanka generated US$2.245 billion in tourism earnings during the first nine months of 2026, although revenue from the sector…

Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

Oct 17, 2026 2 weeks ago 4 min read
Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

TOKYO / COLOMBO, 17 October 2026 — Japan has reaffirmed its commitment to a roadmap for a Sri Lanka–Japan Export-Oriented Industrial Corridor following talks with…

world

Tesla Unveils Flying Roadster, Claims Sub-One-Second 0–60 MPH Acceleration

Oct 16, 2026 2 weeks ago 4 min read
Tesla Unveils Flying Roadster, Claims Sub-One-Second 0–60 MPH Acceleration

MCLENNAN, October 16, 2026 — Tesla has unveiled its long-awaited next-generation Roadster with a dramatic demonstration featuring midair flips, rocket-inspired propulsion technology and a claimed…

Petrol-Only Vehicles Fall Below 50% of Global Auto Market for First Time

Oct 15, 2026 2 weeks ago 5 min read
Petrol-Only Vehicles Fall Below 50% of Global Auto Market for First Time

TOKYO, October 15, 2026 — Petrol-only vehicles accounted for less than half of global new-vehicle sales for the first time in the first half of…

Apple Unveils HomeView Smart Home Hub With Upgraded Siri AI, Intensifying Tech Competition

Oct 14, 2026 2 weeks ago 4 min read
Apple Unveils HomeView Smart Home Hub With Upgraded Siri AI, Intensifying Tech Competition

CUPERTINO, October 14, 2026 — Apple has unveiled a new range of smart home devices led by HomeView, a $299 touchscreen hub powered by an…

US Hopes Russian Diesel Deal Will Help Bring Moscow Back to Ukraine Peace Talks

Oct 13, 2026 2 weeks ago 7 min read
US Hopes Russian Diesel Deal Will Help Bring Moscow Back to Ukraine Peace Talks

WASHINGTON, October 13, 2026 — The Trump administration is seeking to use a controversial deal allowing Russian diesel exports to encourage Moscow to resume negotiations…