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

Nov 7, 2026 3 days ago 2 min read
Colombo Stocks End Week Higher as ASPI Gains 5.4%; Daily Turnover Averages Rs. 3 Billion

COLOMBO, November 7, 2026 — The Colombo Stock Exchange ended the week on a positive note, with the All Share Price Index (ASPI) gaining 5.4%…

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

Nov 7, 2026 3 days ago 1 min read
Sri Lanka’s Official Reserves Top US$7 Billion in October, Rising 3.2%

COLOMBO, November 7, 2026 — Sri Lanka’s official reserve assets rose to US$7.086 billion at the end of October 2026, crossing the US$7 billion threshold…

Export Manufacturers Can Access TIEP Tax Concessions Through Industry Ministry: Handunnetti

Nov 6, 2026 3 days ago 1 min read
Export Manufacturers Can Access TIEP Tax Concessions Through Industry Ministry: Handunnetti

COLOMBO, November 6, 2026 — Businesses engaged in export-oriented manufacturing can seek tax concessions under the Temporary Importation for Export Processing (TIEP) scheme through the…

Port City Colombo FinTech Dialogue Calls for Two-Year Growth Roadmap

Nov 6, 2026 4 days ago 2 min read
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COLOMBO, November 6, 2026 — A high-level dialogue at Port City Colombo has highlighted the need for a two-year actionable roadmap to develop its FinTech…

EPF Equity Portfolio Valued at Rs. 204.94 Billion, More Than Double Investment Cost

Nov 6, 2026 4 days ago 1 min read
EPF Equity Portfolio Valued at Rs. 204.94 Billion, More Than Double Investment Cost

COLOMBO, November 6, 2026 — The Employees’ Provident Fund’s (EPF) listed equity portfolio reached a market value of Rs. 204.94 billion as of June 30,…

BIZ BREAKING

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

Oct 31, 2026 1 week 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 2 weeks 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…

Ceylon Chamber Urges Review of Draft Laws to Protect Investor Confidence and GSP+ Access

Oct 29, 2026 2 weeks ago 2 min read
Ceylon Chamber Urges Review of Draft Laws to Protect Investor Confidence and GSP+ Access

COLOMBO, October 29, 2026 — The Ceylon Chamber of Commerce has called for a careful review of proposed national security and organised crime legislation, highlighting the need to safeguard investor confidence, business competitiveness and Sri Lanka’s continued access to European…

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

Oct 28, 2026 2 weeks 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 safeguards against financial crime, legal reforms and the effectiveness of institutions responsible for protecting the…

BUSINESS

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

Nov 2, 2026 1 week 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 2 weeks 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 2 weeks 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…

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

Oct 28, 2026 2 weeks 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…

ECONOMY

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 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,…

Vidullanka–David Pieris Solar Plant Adds 10 MW to Sri Lanka’s National Grid

Oct 20, 2026 3 weeks ago 2 min read
Vidullanka–David Pieris Solar Plant Adds 10 MW to Sri Lanka’s National Grid

COLOMBO, October 20, 2026 — Vidullanka PLC and David Pieris Motor Company have inaugurated a 10 MW solar power plant in Ranna, expanding Sri Lanka’s…

Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

Oct 18, 2026 3 weeks ago 2 min read
Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

COLOMBO, October 18, 2026 — Litro Gas Lanka Limited is expecting a shipment carrying 3,900 metric tonnes of liquefied petroleum gas (LPG) to arrive in…

MARKETS

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…

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…

Colombo Stocks Close Lower as Crossings Drive Turnover Above Rs. 1.5 Billion

Oct 22, 2026 3 weeks ago 2 min read
Colombo Stocks Close Lower as Crossings Drive Turnover Above Rs. 1.5 Billion

COLOMBO, October 22, 2026 — Colombo stock market indices ended lower as price declines in Commercial Bank, Carson Cumberbatch and Hayleys weighed on the All…

Colombo Bourse Loses Rs. 324 Billion in October as ASPI Falls Below 20,000

Oct 21, 2026 3 weeks ago 2 min read
Colombo Bourse Loses Rs. 324 Billion in October as ASPI Falls Below 20,000

COLOMBO, October 21, 2026 — The Colombo Stock Exchange’s total market capitalisation has fallen by nearly Rs. 324 billion since the beginning of October, with…

NATION

President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

Oct 28, 2026 2 weeks 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,…

Norochcholai’s Second Generating Unit Shut for Maintenance; No Power Disruptions Expected

Oct 26, 2026 2 weeks ago 1 min read
Norochcholai’s Second Generating Unit Shut for Maintenance; No Power Disruptions Expected

COLOMBO, October 26, 2026 — The second generating unit at the Lakvijaya Coal Power Plant in Norochcholai has been taken offline for maintenance and repairs,…

All Three Norochcholai Units Reconnected to National Grid Following October 17 Outage

Oct 24, 2026 2 weeks ago 1 min read
All Three Norochcholai Units Reconnected to National Grid Following October 17 Outage

COLOMBO, October 24, 2026 — All three generating units at the Norochcholai Coal Power Plant have been successfully reconnected to Sri Lanka’s national grid after…

world

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

Oct 31, 2026 1 week 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 1 week 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…

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

Oct 29, 2026 2 weeks 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…

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

Oct 28, 2026 2 weeks ago 2 min read
Luxury World Cruise Suspended in Cambodia as Soaring Fuel Costs Strand Passengers

PHNOM PENH, October 28, 2026 — Passengers aboard the luxury residential cruise ship Villa Vie Odyssey have been left stranded in Cambodia after its US-based…