LAUGFS Seeks Temporary Hambantota Terminal Access as Three LPG Shipments Due in November

Nov 4, 2026 3 days ago 3 min read
LAUGFS Seeks Temporary Hambantota Terminal Access as Three LPG Shipments Due in November

COLOMBO, November 4, 2026 — LAUGFS Gas PLC has requested three months of temporary permission to supply the domestic LPG market through its Hambantota terminal,…

JKH’s Attributable Profit Surges 213% to Rs. 5.17 Billion in Q2; PBT Reaches Rs. 7.95 Billion

Nov 4, 2026 3 days ago 4 min read
JKH’s Attributable Profit Surges 213% to Rs. 5.17 Billion in Q2; PBT Reaches Rs. 7.95 Billion

COLOMBO, November 4, 2026 — John Keells Holdings PLC (JKH) recorded a 213% increase in profit attributable to equity holders of the parent to Rs.…

Crypto Cannot Be Used for Domestic Payments, CBSL Governor Says

Nov 4, 2026 3 days ago 2 min read
Crypto Cannot Be Used for Domestic Payments, CBSL Governor Says

COLOMBO, November 4, 2026 — Digital assets cannot be used for payments between residents under Sri Lanka’s current legal framework, Central Bank Governor Dr. Nandalal…

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

Nov 3, 2026 4 days ago 3 min read
CAL Signs Deal to Acquire 51% of Hong Kong Fund Manager Asia Frontier Capital

COLOMBO, November 3, 2026 — Capital Alliance Holdings PLC (CAL) has signed an agreement to acquire a 51% stake in Hong Kong-based fund manager Asia…

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

Nov 3, 2026 4 days ago 2 min read
Hayleys Solar Inaugurates Two Kosgama Projects with Combined Capacity of 5 MW

COLOMBO, November 3, 2026 — Hayleys Solar has inaugurated two ground-mounted solar power projects in Kosgama with a combined capacity of 5 MW, expanding its…

Port City Colombo FinTech Dialogue Calls for Two-Year Growth Roadmap

COLOMBO, November 6, 2026 — A high-level dialogue at Port City Colombo has highlighted the need for a two-year actionable…

BIZ BREAKING

Brent Crude Hits Five-Month High of US$113.17 as Houthi Attacks Raise Supply Fears

Oct 23, 2026 2 weeks ago 2 min read
Brent Crude Hits Five-Month High of US$113.17 as Houthi Attacks Raise Supply Fears

COLOMBO, October 23, 2026 — Global oil prices rose sharply on Thursday, with Brent crude reaching a five-month closing high as Houthi attacks in Saudi Arabia heightened concerns over further disruptions to Middle Eastern energy supplies. Brent crude futures gained…

ADB Approves US$100 Million to Expand Livelihood Support and Social Protection in Sri Lanka

Oct 22, 2026 2 weeks ago 2 min read
ADB Approves US$100 Million to Expand Livelihood Support and Social Protection in Sri Lanka

COLOMBO, October 22, 2026 — The Asian Development Bank (ADB) has approved US$100 million in financing to strengthen Sri Lanka’s social protection system, expand economic opportunities for low-income households and improve care services for the elderly. The financing comprises a…

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

Oct 21, 2026 2 weeks ago 3 min read
Sri Lanka’s Tea Export Earnings Top US$1 Billion as Rupee Revenue Rises Despite Dollar Decline

COLOMBO, October 21, 2026 — Sri Lanka earned approximately US$1.083 billion from tea exports during the first nine months of 2026, crossing the billion-dollar mark despite lower shipment volumes and a decline from the US$1.163 billion recorded a year earlier.…

Rs. 3 Billion HLAB Fund Launched to Back Business Growth; First Capital Commits Rs. 300 Million

Oct 20, 2026 3 weeks ago 3 min read
Rs. 3 Billion HLAB Fund Launched to Back Business Growth; First Capital Commits Rs. 300 Million

COLOMBO, October 20, 2026 — Hatch, Lankan Angel Network and BOV Capital have launched HLAB, a Rs. 3 billion investment fund aimed at supporting early and growth-stage companies incorporated in Sri Lanka, with First Capital Holdings PLC committing Rs. 300…

BUSINESS

Hayleys Solar Launches 24/7 Operations Centre to Monitor Renewable Energy Assets

Oct 23, 2026 2 weeks ago 3 min read
Hayleys Solar Launches 24/7 Operations Centre to Monitor Renewable Energy Assets

COLOMBO, October 23, 2026 — Hayleys Solar has introduced a dedicated 24-hour Renewable Energy Operations Centre (ROC), bringing renewable energy assets onto a centralised digital…

NDB Reports Rs. 7.7 Billion Nine-Month Profit After Fraud Charges; Q3 Earnings Reach Rs. 2.9 Billion

Oct 22, 2026 2 weeks ago 3 min read
NDB Reports Rs. 7.7 Billion Nine-Month Profit After Fraud Charges; Q3 Earnings Reach Rs. 2.9 Billion

COLOMBO, October 22, 2026 — National Development Bank PLC (NDB) reported a post-tax profit of Rs. 7.7 billion for the nine months ended September 30,…

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

Oct 21, 2026 2 weeks ago 2 min read
Access Engineering Expects Rs. 310 Million Company-Level Loss from Logistics Project Exit

COLOMBO, October 21, 2026 — Access Engineering PLC expects to recognise a loss of approximately Rs. 310 million in its standalone company financial statements following…

Central Bank Governor Highlights Policy Credibility and Price Stability at RBI Conference

Oct 20, 2026 3 weeks ago 2 min read
Central Bank Governor Highlights Policy Credibility and Price Stability at RBI Conference

COLOMBO, October 20, 2026 — Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe has stressed the importance of institutional credibility, strong monetary policy…

ECONOMY

IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

Oct 15, 2026 3 weeks ago 2 min read
IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

COLOMBO, October 15, 2026 — The Inland Revenue Department (IRD) has reminded individuals registered for income tax to submit their income tax returns for the…

Sri Lanka Courts Investors With Renewable Energy, Port Expansion and Rs. 2 Trillion Capital Spending Plan

Oct 14, 2026 3 weeks ago 7 min read
Sri Lanka Courts Investors With Renewable Energy, Port Expansion and Rs. 2 Trillion Capital Spending Plan

COLOMBO, October 14, 2026 — President Anura Kumara Dissanayake has outlined an investment-led economic strategy centred on renewable energy, port infrastructure, rural enterprise development and…

MF Projects Sri Lanka’s Economic Growth to Moderate to 3.7% in 2027

Oct 13, 2026 4 weeks ago 3 min read
MF Projects Sri Lanka’s Economic Growth to Moderate to 3.7% in 2027

COLOMBO, October 13, 2026 — Sri Lanka’s economic growth is projected to ease to 3.7% in 2027 from an estimated 4% in 2026, according to…

President to Open Sri Lanka Economic and Investment Summit 2026 as Focus Shifts to Growth and Investment

Oct 12, 2026 4 weeks ago 4 min read
President to Open Sri Lanka Economic and Investment Summit 2026 as Focus Shifts to Growth and Investment

COLOMBO, October 12, 2026 — President Anura Kumara Dissanayake is scheduled to inaugurate the Sri Lanka Economic & Investment Summit 2026 today at Shangri-La Colombo,…

MARKETS

CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

Oct 17, 2026 3 weeks ago 2 min read
CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

COLOMBO, October 17, 2026 — Sri Lanka’s stock market ended the week on a positive note, with gains in counters such as Dialog Axiata, Distilleries…

CSE Indices Close Higher as Turnover Exceeds Rs. 1.5 Billion

Oct 16, 2026 3 weeks ago 2 min read
CSE Indices Close Higher as Turnover Exceeds Rs. 1.5 Billion

COLOMBO, October 16, 2026 — The Colombo Stock Exchange (CSE) ended the session on a positive note, with both the All Share Price Index (ASPI)…

CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

Oct 15, 2026 3 weeks ago 2 min read
CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

COLOMBO, October 15, 2026 — The Colombo Stock Exchange (CSE) ended the trading session in negative territory, with declines in Dialog Axiata, Carson Cumberbatch and…

CSE Extends Losses as Dialog, Commercial Bank and HNB Weigh on Indices

Oct 14, 2026 3 weeks ago 2 min read
CSE Extends Losses as Dialog, Commercial Bank and HNB Weigh on Indices

COLOMBO, October 14, 2026 — Sri Lanka’s stock market closed lower, with losses in heavyweight counters including Dialog Axiata, Commercial Bank and Hatton National Bank…

NATION

PUCSL Approves Power Cuts Across Four Groups for October 21

Oct 21, 2026 2 weeks ago 1 min read
PUCSL Approves Power Cuts Across Four Groups for October 21

COLOMBO, October 21, 2026 — Scheduled power interruptions will affect four electricity supply groups in Sri Lanka today as part of measures to manage electricity…

China Merchants’ Exit from US$392 Million Colombo Logistics Project Raises Investment Concerns

Oct 20, 2026 3 weeks ago 4 min read
China Merchants’ Exit from US$392 Million Colombo Logistics Project Raises Investment Concerns

COLOMBO, October 20, 2026 — China Merchants Port Holdings’ withdrawal from a US$392 million logistics development at the Port of Colombo has raised concerns over…

Sri Lanka Records US$2.24 Billion in Tourism Earnings in First Nine Months

Oct 19, 2026 3 weeks ago 2 min read
Sri Lanka Records US$2.24 Billion in Tourism Earnings in First Nine Months

COLOMBO, October 19, 2026 — Sri Lanka generated US$2.245 billion in tourism earnings during the first nine months of 2026, although revenue from the sector…

Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

Oct 17, 2026 3 weeks ago 4 min read
Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

TOKYO / COLOMBO, 17 October 2026 — Japan has reaffirmed its commitment to a roadmap for a Sri Lanka–Japan Export-Oriented Industrial Corridor following talks with…

world

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

Oct 22, 2026 2 weeks ago 2 min read
Trump Says US Is Not Negotiating with Iran, Signals Developments ‘Fairly Soon’

WASHINGTON, October 22, 2026 — US President Donald Trump said Washington is not negotiating with Iran and indicated that developments could come soon, as uncertainty…

China’s Third-Quarter Growth Reaches 4.5%, Narrowly Beating Forecasts

Oct 20, 2026 3 weeks ago 4 min read
China’s Third-Quarter Growth Reaches 4.5%, Narrowly Beating Forecasts

BEIJING, October 20, 2026 — China’s economy expanded by 4.5% in the third quarter, slightly exceeding market expectations as strong exports helped offset weak domestic…

Trump to Take Up to 60 Days to Review Russia Sanctions, Rubio Says

Oct 18, 2026 3 weeks ago 4 min read
Trump to Take Up to 60 Days to Review Russia Sanctions, Rubio Says

WASHINGTON, October 18, 2026 — US President Donald Trump will take up to 60 days to assess the economic implications of Russia-related sanctions and tariffs…

Oil Prices Hit $110 a Barrel as Middle East Tensions Raise Supply Concerns

Oct 17, 2026 3 weeks ago 5 min read
Oil Prices Hit $110 a Barrel as Middle East Tensions Raise Supply Concerns

LONDON, October 17, 2026 — Global oil prices have climbed to their highest levels in months, with Brent crude touching $110 a barrel for the…