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Iran Offers Deal to Reopen Strait of Hormuz Within Seven Days, Raising Hopes for Oil Market Relief

Sep 26, 20262 months ago 5 min read

NEW YORK, September 26, 2026 — Iran has offered the United States a potential agreement that could reopen the Strait of Hormuz within seven days,…

Sri Lanka to Exit IMF Programme in 2027 — What It Means for Businesses and Investors

Sep 26, 20262 months ago 6 min read

COLOMBO, September 26, 2026 — Sri Lanka plans to complete its current International Monetary Fund (IMF) Extended Fund Facility (EFF) programme in March 2027 without…

Met Department Issues Amber Advisory Over High Waves Along Sri Lankan Coast

Sep 26, 20262 months ago 1 min read

COLOMBO, September 26, 2026 — The Department of Meteorology has issued an “Amber” advisory for high waves covering sea areas from Chilaw to Pottuvil, including…

Fairway Expands East Coast Footprint with Trincomalee Beach Resort Takeover

Sep 25, 20262 months ago 4 min read

TRINCOMALEE, September 25, 2026 — Fairway Holdings is expanding its presence in Sri Lanka’s tourism industry with a long-term hotel management agreement for Trincomalee Beach…

Netanyahu Defends Israel’s Military Actions as Dozens of UN Delegates Walk Out

Sep 25, 20262 months ago 4 min read

NEW YORK, September 25, 2026 — Israeli Prime Minister Benjamin Netanyahu defended Israel’s military actions in Gaza and against Iran during a speech to the…

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…

BUSINESS

Home Lands Completes Piling for Port City’s Central Park Boulevard Ahead of Schedule

October 15, 2026

COLOMBO, October 15, 2026 — Home Lands Group has completed…

ECONOMY

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

October 15, 2026

COLOMBO, October 15, 2026 — The Inland Revenue Department (IRD)…

NATION

Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

October 15, 2026

MALÉ, October 15, 2026 — Sri Lanka has been named…

BIZ BREAKING

BUSINESS

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

ECONOMY

SEC Welcomes Budget 2027 Measures to Broaden Capital Market Access for Students and SMEs

MARKETS

Colombo Stocks Close Higher as Turnover Tops Rs. 3 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

BIZ BREAKING

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Latest news

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

Sri Lanka hosts 11 Asian nations to showcase JICA-backed farming success

Iran Offers Deal to Reopen Strait of Hormuz Within Seven Days, Raising Hopes for Oil Market Relief

Sri Lanka to Exit IMF Programme in 2027 — What It Means for Businesses and Investors

Met Department Issues Amber Advisory Over High Waves Along Sri Lankan Coast

Fairway Expands East Coast Footprint with Trincomalee Beach Resort Takeover

Netanyahu Defends Israel’s Military Actions as Dozens of UN Delegates Walk Out

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

Home Lands Completes Piling for Port City’s Central Park Boulevard Ahead of Schedule

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

Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

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

SEC Welcomes Budget 2027 Measures to Broaden Capital Market Access for Students and SMEs

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

MARKETS

Colombo Stocks Close Higher as Turnover Tops Rs. 3 Billion

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

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