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

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

October 31, 2026
Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

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

October 31, 2026
Binance Reserves US$6.34 Billion to Cover Losses as Partners Freeze US$3 Billion in Crypto

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

October 31, 2026
Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea

Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea

October 31, 2026

India’s BRICS Chairship Produces More Than 50 New Initiatives

Sep 14, 2026 2 months ago 5 min read
India’s BRICS Chairship Produces More Than 50 New Initiatives

India’s BRICS chairship has resulted in more than 50 initiatives covering a wide range of areas, including counterterrorism, artificial intelligence, digital infrastructure, health security, trade,…

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Colombo Port Capacity to Increase by 1.5 Million TEUs as Sri Lanka Targets Continued Growth

Sep 13, 2026 2 months ago 5 min read
Colombo Port Capacity to Increase by 1.5 Million TEUs as Sri Lanka Targets Continued Growth

COLOMBO — Colombo Port is set to expand its handling capacity by a further 1.5 million twenty-foot equivalent units (TEUs), as Sri Lanka moves to…

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BRICS Summit 2026: New Delhi Declaration Signals Deeper Trade, Local-Currency Payments and a More Integrated Emerging-Market Economy

Sep 13, 2026 2 months ago 12 min read
BRICS Summit 2026: New Delhi Declaration Signals Deeper Trade, Local-Currency Payments and a More Integrated Emerging-Market Economy

xNEW DELHI, September 13, 2026 — BRICS leaders adopted the New Delhi Declaration on Saturday, the first day of the 18th BRICS Summit, setting out…

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Colombo Stock Exchange Breaks Three-Day Losing Streak, Ends Week Higher

Sep 12, 2026 2 months ago 2 min read
Colombo Stock Exchange Breaks Three-Day Losing Streak, Ends Week Higher
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CMTA Warns of Rs. 40 Billion Revenue Loss, Calls for Fairer Vehicle Tax Rules

Sep 12, 2026 2 months ago 6 min read
CMTA Warns of Rs. 40 Billion Revenue Loss, Calls for Fairer Vehicle Tax Rules
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Fitch Upgrades BOC, People’s Bank and Commercial Bank; Downgrades Cargills Bank
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…

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NATION
Deputy Minister rejects claims of shifting tax terms at Port City after investor backlash
September 8, 2026

Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe was drawn…

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NATION
President expects favourable SC ruling on controversial 22nd Amendment
September 8, 2026

President Anura Kumara Dissanayake said the 22nd Amendment to the…

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NATION
India’s defence minister Rajnath Singh to visit Sri Lanka today
September 8, 2026

Indian Defence Minister Rajnath Singh is scheduled to arrive in…

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BIZ BREAKING

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

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

October 31, 2026
Union Bank’s Nine-Month Profit After Tax More Than Doubles to Rs. 701 Million

Union Bank’s Nine-Month Profit After Tax More Than Doubles to Rs. 701 Million

October 30, 2026
Ceylon Chamber Urges Review of Draft Laws to Protect Investor Confidence and GSP+ Access

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

October 29, 2026

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BUSINESS

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

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

October 30, 2026
Japan Grants Rs. 4.56 Billion for Kelani River Pumping Project to Protect Businesses and Communities

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

October 29, 2026
IMF Technology Chief Urges Strong Governance and Public Trust in AI-Driven Central Banking

IMF Technology Chief Urges Strong Governance and Public Trust in AI-Driven Central Banking

October 28, 2026

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ECONOMY

Apparel Exports Rise 3.47% in September, but Nine-Month Earnings Remain 5.52% Lower

Apparel Exports Rise 3.47% in September, but Nine-Month Earnings Remain 5.52% Lower

October 30, 2026
World Bank Forecasts 23% Rise in Commodity Prices as Energy and Food Costs Climb

World Bank Forecasts 23% Rise in Commodity Prices as Energy and Food Costs Climb

October 29, 2026
Cabinet Clears US$100 Million ADB Loan Agreement for Economic Recovery Programme

Cabinet Clears US$100 Million ADB Loan Agreement for Economic Recovery Programme

October 28, 2026

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MARKETS

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

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

October 30, 2026
Colombo Stocks Rise as Banking and Telecom Gains Lift Turnover Above Rs. 2.2 Billion

Colombo Stocks Rise as Banking and Telecom Gains Lift Turnover Above Rs. 2.2 Billion

October 29, 2026
CSE Targets Record Rs. 200 Billion in Capital Raising as New Investment Products Take Shape

CSE Targets Record Rs. 200 Billion in Capital Raising as New Investment Products Take Shape

October 28, 2026

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NATION

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

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

October 30, 2026
Central Bank Names 27 Prohibited Scheme Entries, Warns Public Over Companies and Apps

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

October 29, 2026
President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

President Orders Faster Completion of Katunayake Airport Capacity Expansion Projects

October 28, 2026

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World

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

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

October 31, 2026
Binance Reserves US$6.34 Billion to Cover Losses as Partners Freeze US$3 Billion in Crypto

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

October 31, 2026
Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea

Binance Hit by Record US$6.3 Billion Crypto Theft as Analysts Point to North Korea

October 31, 2026

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