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

Sep 28, 20261 month ago 3 min read

COLOMBO, September 28, 2026 — Sri Lanka’s Government has yet to set a firm timeline for electricity tariff reductions, with Energy Minister Anura Karunathilaka saying…

Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

Sep 28, 20261 month ago 2 min read

GAMPAHA, September 27, 2026 — President Anura Kumara Dissanayake has announced that the Government will introduce a Rs. 41 billion fuel subsidy covering the next…

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

Sep 28, 20261 month ago 2 min read

COLOMBO, September 28, 2026 — The Sri Lankan Rupee weakened further against the US Dollar at several commercial banks today, with dollar selling rates moving…

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

Sep 27, 20261 month ago 4 min read

COLOMBO, September 27, 2026 — Sri Lanka is targeting four million tourist arrivals and US$8 billion in annual tourism revenue by 2030, as the Government…

Minister Sunil Handunnetti joins Ceylon Gemlogue ’26 as Sri Lanka charts new direction for gem industry

Sep 27, 20261 month ago 4 min read

COLOMBO, September 27, 2026 — Minister of Industry and Entrepreneurship Development Sunil Handunnetti attended the inaugural session of Ceylon Gemlogue ’26 in Colombo today, as…

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…

BUSINESS

ComBank takes Q+ digital payments drive to Jaffna ahead of Nallur Festival

September 8, 2026

Canvasses more than 350 merchants and activates cashback campaign with…

BUSINESS

Sri Lanka, Japan step up efforts to address investor concerns and develop export-oriented industrial corridor

September 8, 2026

The Board of Investment of Sri Lanka (BOI) recently hosted…

BUSINESS

Home Lands completes 60% piling work of ‘Central Park Boulevard Port City Colombo’

September 8, 2026

Home Lands yesterday announced that Central Park Boulevard Port City…

BIZ BREAKING

BUSINESS

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

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

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

BIZ BREAKING

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Latest news

Sri Lanka rupee at 328.20/40 to US dollar spot, bond yields flat

Sri Lanka stocks trend up on Monday

Sri Lanka stocks trend down midday Tuesday

Stocks Slip as Rising Oil, Inflation Risks and Geopolitical Tensions Rattle Markets

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

Minister Sunil Handunnetti joins Ceylon Gemlogue ’26 as Sri Lanka charts new direction for gem industry

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

ComBank takes Q+ digital payments drive to Jaffna ahead of Nallur Festival

Sri Lanka, Japan step up efforts to address investor concerns and develop export-oriented industrial corridor

Home Lands completes 60% piling work of ‘Central Park Boulevard Port City Colombo’

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

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

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

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

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

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

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