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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…

US Forces Complete Iraq Withdrawal, Raising Concerns Over Iran’s Growing Influence

Sep 30, 20261 month ago 4 min read

BAGHDAD, September 30, 2026 — The United States is completing the withdrawal of its forces from their remaining bases in Iraq, ending more than two…

BIZ BREAKING

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

November 3, 2026

COLOMBO, November 3, 2026 — Capital Alliance Holdings PLC (CAL) has signed an agreement to acquire a 51% stake in…

WORLD

Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

October 8, 2026

WASHINGTON, October 8, 2026 — The Trump administration has proposed…

BIZ BREAKING

BOI Accelerates Northern Province Investment Drive with Two New Export Processing Zones

October 7, 2026

JAFFNA, October 7, 2026 — The Board of Investment of…

BUSINESS

CSE and Commercial Bank Join Forces to Expand Capital Market Access for Sri Lankan Businesses

October 7, 2026

COLOMBO, October 7, 2026 — The Colombo Stock Exchange (CSE)…

BIZ BREAKING

BUSINESS

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

ECONOMY

CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

MARKETS

ASPI Falls 10.97% in Ten Months as October Wipes Rs. 441 Billion Off Market Value

NATION

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

World

Oil Prices Rise After Reported US Strike on Iran’s Qeshm Island

BIZ BREAKING

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Latest news

CSE Recovery Enters Third Session as ASPI Jumps 297 Points Above 20,250

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

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

Japan Grants Rs. 4.56 Billion for Kelani River Pumping Project to Protect Businesses and Communities

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

US Forces Complete Iraq Withdrawal, Raising Concerns Over Iran’s Growing Influence

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

Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

BOI Accelerates Northern Province Investment Drive with Two New Export Processing Zones

CSE and Commercial Bank Join Forces to Expand Capital Market Access for Sri Lankan Businesses

BIZ BREAKING

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

Sri Lanka’s Exports Hit Record US$1.38 Billion, but September Current Account Posts US$128 Million Deficit

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

BUSINESS

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

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

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

ECONOMY

CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

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

MARKETS

ASPI Falls 10.97% in Ten Months as October Wipes Rs. 441 Billion Off Market Value

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

NATION

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

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

Central Bank Names 27 Prohibited Scheme Entries, Warns Public Over Companies and Apps

World

Oil Prices Rise After Reported US Strike on Iran’s Qeshm Island

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

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