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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

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…

NATION

Galle Fort Leads Sri Lanka’s Tourist Hotspots as Visitor Preferences Evolve

September 10, 2026

Galle Fort has emerged as Sri Lanka’s most visited tourist…

BIZ BREAKING

IMF Team Arrives in Colombo for Crucial Seventh EFF Review

September 10, 2026

An International Monetary Fund (IMF) team is set to arrive…

BUSINESS

DFCC Bank Partners with John Keells IT to Enhance Employee Banking Benefits

September 10, 2026

DFCC Bank has partnered with John Keells IT to introduce…

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

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Latest news

Sri Lanka’s Exports Reach US$13.6 Billion in Nine Months as September Sets Monthly Record

Bolsonaro’s Party Recognises Lula Victory as Trump Questions Brazil Election Without Evidence

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

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

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

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

Galle Fort Leads Sri Lanka’s Tourist Hotspots as Visitor Preferences Evolve

IMF Team Arrives in Colombo for Crucial Seventh EFF Review

DFCC Bank Partners with John Keells IT to Enhance Employee Banking Benefits

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