Sri Lanka Navy Officer Honoured for Near-Perfect GPA and Awards at US Naval Postgraduate School

Oct 27, 2026 2 days 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,…

Lanka IOC and Sinopec Raise Octane 95 Petrol Prices by Rs. 20 to Rs. 495

Oct 26, 2026 2 days ago 1 min read
Lanka IOC and Sinopec Raise Octane 95 Petrol Prices by Rs. 20 to Rs. 495

COLOMBO, October 26, 2026 — Lanka IOC and Sinopec have increased their Octane 95 petrol prices by Rs. 20 per litre, bringing the revised selling…

Sri Lankan Pharmaceutical Firms Explore Export and Technology Partnerships at CPHI Milan

Oct 26, 2026 2 days ago 3 min read
Sri Lankan Pharmaceutical Firms Explore Export and Technology Partnerships at CPHI Milan

COLOMBO, October 26, 2026 — Five Sri Lankan pharmaceutical manufacturers participated in an exposure visit to CPHI Worldwide 2026 in Milan, seeking export opportunities, technology…

Vegetable Prices Rise Amid Rainy Weather; Tomatoes Reach Rs. 650 a Kilogram Wholesale

Oct 26, 2026 2 days 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…

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

Oct 26, 2026 2 days 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,…

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,…

BIZ BREAKING

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…

IMF Pledges Continued Support for Sri Lanka as $345 Million Tranche Awaits Board Approval

Oct 15, 2026 2 weeks ago 3 min read
IMF Pledges Continued Support for Sri Lanka as $345 Million Tranche Awaits Board Approval

BANGKOK, October 15, 2026 — The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Sri Lanka’s economic recovery, signalling continued engagement beyond the country’s current bailout programme as fiscal conditions improve and debt restructuring nears completion. Sonali Jain-Chandra,…

Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

Oct 14, 2026 2 weeks ago 4 min read
Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

COLOMBO, October 14, 2026 — Global oil prices climbed on Wednesday as attacks on commercial vessels in the Strait of Hormuz and reports of new Iranian tactics against shipping intensified concerns over energy supply disruptions, threatening to increase costs for…

BUSINESS

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

Oct 19, 2026 1 week 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 1 week 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…

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

Oct 17, 2026 2 weeks ago 2 min read
Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

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…

Sri Lanka–Vietnam Business Council Targets US$ 1 Billion Bilateral Trade by 2030

Oct 16, 2026 2 weeks ago 6 min read
Sri Lanka–Vietnam Business Council Targets US$ 1 Billion Bilateral Trade by 2030

COLOMBO, October 16, 2026 — The Ceylon Chamber of Commerce has launched the Sri Lanka–Vietnam Business Council to strengthen bilateral trade, investment and tourism ties,…

ECONOMY

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…

MF Projects Sri Lanka’s Economic Growth to Moderate to 3.7% in 2027

Oct 13, 2026 2 weeks ago 3 min read
MF Projects Sri Lanka’s Economic Growth to Moderate to 3.7% in 2027

COLOMBO, October 13, 2026 — Sri Lanka’s economic growth is projected to ease to 3.7% in 2027 from an estimated 4% in 2026, according to…

President to Open Sri Lanka Economic and Investment Summit 2026 as Focus Shifts to Growth and Investment

Oct 12, 2026 2 weeks ago 4 min read
President to Open Sri Lanka Economic and Investment Summit 2026 as Focus Shifts to Growth and Investment

COLOMBO, October 12, 2026 — President Anura Kumara Dissanayake is scheduled to inaugurate the Sri Lanka Economic & Investment Summit 2026 today at Shangri-La Colombo,…

MARKETS

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…

CSE Closes in Red as Hemas, LOLC Holdings and Cargills Weigh on Market Sentiment

Oct 13, 2026 2 weeks ago 3 min read
CSE Closes in Red as Hemas, LOLC Holdings and Cargills Weigh on Market Sentiment

COLOMBO, October 13, 2026 — Sri Lanka’s stock market closed lower as selling pressure on heavyweight counters, including Hemas Holdings, LOLC Holdings and Cargills, dragged…

CSE Ends Week on Positive Note as Banking Stocks Lift Daily Indices Despite Weekly Losses

Oct 11, 2026 2 weeks ago 3 min read
CSE Ends Week on Positive Note as Banking Stocks Lift Daily Indices Despite Weekly Losses

COLOMBO, October 11, 2026 — Sri Lanka’s stock market ended the week’s final trading session in positive territory, supported by price gains in Dialog Axiata,…

NATION

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

Oct 19, 2026 1 week 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…

Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

Oct 17, 2026 2 weeks ago 2 min read
Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

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…

US Announces US$17 Million Investment to Digitise Colombo Port Operations

Oct 16, 2026 2 weeks ago 3 min read
US Announces US$17 Million Investment to Digitise Colombo Port Operations

COLOMBO, October 16, 2026 — The United States has announced a US$17 million investment to digitise operations at the Port of Colombo, aiming to accelerate…

world

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…

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

Oct 12, 2026 2 weeks ago 6 min read
Trump Faces Backlash Over Planned Russian Diesel Imports Amid Global Energy Crisis

WASHINGTON, October 12, 2026 — US President Donald Trump is facing mounting political and international criticism over plans to import large volumes of diesel from…