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Russia Launches Largest Attack on Ukraine Energy Infrastructure Since Spring

Oct 1, 20261 month ago 4 min read

KYIV, October 1, 2026 — Russia has launched its largest attack on Ukraine’s energy infrastructure since the spring, targeting Kyiv and several other regions in…

Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

Sep 30, 20261 month ago 3 min read

COLOMBO, September 30, 2026 — Sri Lanka and Australia have agreed to strengthen bilateral cooperation across trade, defence, education, agriculture and maritime affairs following high-level…

Cabinet Awards Rs.2.89 Billion Baseline Road Extension Contract to Maga Engineering

Sep 30, 20261 month ago 3 min read

COLOMBO, September 30, 2026 — The Government has awarded a Rs.2.89 billion contract to Maga Engineering Ltd. for the third phase of the Baseline Road…

Rs.160 Million Diesel Discrepancy at Lakvijaya Power Plant Triggers Internal Probe

Sep 30, 20261 month ago 4 min read

COLOMBO, September 30, 2026 — An internal investigation has been launched into a diesel discrepancy exceeding Rs.160 million at the Lakvijaya Power Plant in Norochcholai,…

CBSL Holds Policy Rate at 8.75% as Inflation and External Risks Persist

Sep 30, 20261 month ago 4 min read

COLOMBO, September 30, 2026 — The Central Bank of Sri Lanka (CBSL) has kept its Overnight Policy Rate (OPR) unchanged at 8.75%, opting to maintain…

BIZ BREAKING

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

October 31, 2026

COLOMBO, October 31, 2026 — Fitch Ratings has upgraded the National Long-Term Ratings of Bank of Ceylon, People’s Bank and…

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…

BIZ BREAKING

BUSINESS

ECONOMY

Apparel Exports Rise 3.47% in September, but Nine-Month Earnings Remain 5.52% Lower

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

Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

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Latest news

Electricity Tariff Cuts Remain Without Firm Timeline as Sri Lanka Expands Renewables

Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

Rupee Weakens Against Dollar as Selling Rates Move Towards Rs. 335

Sri Lanka sets sights on 4 million tourists and US$8 billion tourism revenue by 2030

Russia Launches Largest Attack on Ukraine Energy Infrastructure Since Spring

Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

Cabinet Awards Rs.2.89 Billion Baseline Road Extension Contract to Maga Engineering

Rs.160 Million Diesel Discrepancy at Lakvijaya Power Plant Triggers Internal Probe

CBSL Holds Policy Rate at 8.75% as Inflation and External Risks Persist

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

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

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

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

BUSINESS

Sri Lanka Launches AgriConnect with US$665 Million in Investment Backing to Support Farmers and Agribusinesses

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

ECONOMY

Apparel Exports Rise 3.47% in September, but Nine-Month Earnings Remain 5.52% Lower

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

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

Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

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

Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea