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Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

Oct 2, 20261 month ago 2 min read

COLOMBO, October 2, 2026 — A Rs. 22.017 billion development project aimed at strengthening irrigation and water security in Monaragala is expected to benefit approximately…

CSE Snaps Six-Session Losing Streak as Buying Interest Improves

Oct 2, 20261 month ago 3 min read

COLOMBO, October 2, 2026 — The Colombo Stock Exchange snapped a six-session losing streak on Thursday, with both benchmark indices closing higher as buying interest…

India Approves $19 Billion Programme to Expand Renewable Energy Grid

Oct 2, 20261 month ago 3 min read

NEW DELHI, October 2, 2026 — India’s Cabinet has approved a Rs. 1.86 trillion (US$19.42 billion) investment programme to strengthen the country’s power transmission network…

Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

Oct 1, 20261 month ago 3 min read

COLOMBO, October 1, 2026 — Sri Lanka’s fuel subsidy and higher taxes on vehicle imports have helped contain inflationary pressure while limiting foreign exchange outflows,…

Port City Colombo Steps Up Gulf Investment Drive Across UAE, Oman and Qatar

Oct 1, 20261 month ago 4 min read

ABU DHABI, October 1, 2026 — Port City Colombo is intensifying efforts to attract Gulf capital into Sri Lanka, with a seven-day investment roadshow across…

BIZ BREAKING

Budget 2027 Targets Rs. 6.18 Trillion in Revenue and Grants, Deficit at 4.5% of GDP

November 13, 2026

COLOMBO, November 13, 2026 — Sri Lanka’s 2027 Budget estimates total government revenue and grants at Rs. 6,180 billion, with…

WORLD

Trump Says US Is Not Negotiating with Iran, Signals Developments ‘Fairly Soon’

October 22, 2026

WASHINGTON, October 22, 2026 — US President Donald Trump said…

BIZ BREAKING

Sri Lanka’s Tea Export Earnings Top US$1 Billion as Rupee Revenue Rises Despite Dollar Decline

October 21, 2026

COLOMBO, October 21, 2026 — Sri Lanka earned approximately US$1.083…

BUSINESS

Access Engineering Expects Rs. 310 Million Company-Level Loss from Logistics Project Exit

October 21, 2026

COLOMBO, October 21, 2026 — Access Engineering PLC expects to…

BIZ BREAKING

BUSINESS

ComBank Group Nine-Month Income Rises 18.9% to Rs. 318.8 Billion; Profit Reaches Rs. 52.2 Billion

ECONOMY

President to Present 2027 Budget Today with Rs. 4.99 Trillion in Proposed Expenditure

MARKETS

ASPI Surges 592 Points Above 22,000 as CSE Turnover Hits Rs. 7.95 Billion

NATION

Opposition Launches oversight.lk to Track Government Budget Performance

World

Nvidia Falls Nearly 7.5% at Open, Erasing US$335 Billion Before Paring Losses

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Latest news

India to Support Sri Lanka Army in Establishing Artificial Intelligence Lab

CSE Ends Lower as Investors Focus on Banking and Capital Goods Stocks

Sydney Airport flights disrupted due to air traffic controller shortage

CBSL Urges Sri Lanka to Strengthen Foreign Reserves Before the Next Economic Shock

Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

CSE Snaps Six-Session Losing Streak as Buying Interest Improves

India Approves $19 Billion Programme to Expand Renewable Energy Grid

Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

Port City Colombo Steps Up Gulf Investment Drive Across UAE, Oman and Qatar

Budget 2027 Targets Rs. 6.18 Trillion in Revenue and Grants, Deficit at 4.5% of GDP

Trump Says US Is Not Negotiating with Iran, Signals Developments ‘Fairly Soon’

Sri Lanka’s Tea Export Earnings Top US$1 Billion as Rupee Revenue Rises Despite Dollar Decline

Access Engineering Expects Rs. 310 Million Company-Level Loss from Logistics Project Exit

BIZ BREAKING

Budget 2027 Targets Rs. 6.18 Trillion in Revenue and Grants, Deficit at 4.5% of GDP

President Reviews Final 2027 Budget Proposals, Pledges Wider Benefits from Economic Stability

CBSL Bars EY Audit Partners from Banking Audits Following Rs. 13.6 Billion NDB Fraud

BUSINESS

ComBank Group Nine-Month Income Rises 18.9% to Rs. 318.8 Billion; Profit Reaches Rs. 52.2 Billion

Sri Lankan Fruit Experts and Chinese Entrepreneurs Explore Agricultural Cooperation

Dialog Nine-Month Profit Jumps 92% to Rs. 28.5 Billion; Digital Investment Reaches Rs. 27.4 Billion

ECONOMY

President to Present 2027 Budget Today with Rs. 4.99 Trillion in Proposed Expenditure

Sri Lanka’s Remittances Reach US$735.6 Million in October; Ten-Month Inflows Top US$7.6 Billion

Higher Wages, Lower Living Standards: Sri Lanka’s Real Take-Home Pay, 2017–2026

MARKETS

ASPI Surges 592 Points Above 22,000 as CSE Turnover Hits Rs. 7.95 Billion

Colombo Stocks End Week Higher as ASPI Gains 5.4%; Daily Turnover Averages Rs. 3 Billion

EPF Equity Portfolio Valued at Rs. 204.94 Billion, More Than Double Investment Cost

NATION

Opposition Launches oversight.lk to Track Government Budget Performance

Handunnetti Participates as National Sathosa Opens First Wholesale Outlet in Matara Following Revival

CBSL Clarifies EY Remains Eligible to Audit Licensed Banks

World

Nvidia Falls Nearly 7.5% at Open, Erasing US$335 Billion Before Paring Losses

Oil Plunges More Than US$7 as Trump Signals Restraint on Iran Strikes

China Extends Suspension of 24% Additional Tariff on US Goods for Two Months