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

Oct 15, 2026 5 days ago 4 min read
Home Lands Completes Piling for Port City’s Central Park Boulevard Ahead of Schedule

COLOMBO, October 15, 2026 — Home Lands Group has completed 100% of piling work for its ultra-luxury residential development, Central Park Boulevard Port City Colombo,…

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

Oct 15, 2026 5 days 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 Wins Leading Wellness Destination Award at SATA 2026

Oct 15, 2026 5 days ago 2 min read
Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

MALÉ, October 15, 2026 — Sri Lanka has been named the Leading Wellness Destination at the 10th South Asian Travel Awards (SATA) 2026, securing the…

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

Oct 15, 2026 5 days 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…

Petrol-Only Vehicles Fall Below 50% of Global Auto Market for First Time

Oct 15, 2026 5 days ago 5 min read
Petrol-Only Vehicles Fall Below 50% of Global Auto Market for First Time

TOKYO, October 15, 2026 — Petrol-only vehicles accounted for less than half of global new-vehicle sales for the first time in the first half of…

Sri Lanka’s 2027 Budget Expenditure Set to Rise 12.6% to Rs. 4.99 Trillion

COLOMBO, October 19, 2026 — Sri Lanka’s total government expenditure is projected to increase by 12.6% to Rs. 4.993 trillion…

BIZ BREAKING

Ending IMF Engagement After 2027 Could Put Sri Lanka’s Economic Recovery at Risk

Sep 27, 2026 3 weeks ago 4 min read
Ending IMF Engagement After 2027 Could Put Sri Lanka’s Economic Recovery at Risk

COLOMBO, September 27, 2026 — Sri Lanka could face renewed economic instability if it abandons its structural engagement with the International Monetary Fund (IMF) after the current programme ends in 2027, the Dinana Dakuna collective has warned. In a statement,…

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

Sep 26, 2026 3 weeks ago 6 min read
Sri Lanka to Exit IMF Programme in 2027 — What It Means for Businesses and Investors

COLOMBO, September 26, 2026 — Sri Lanka plans to complete its current International Monetary Fund (IMF) Extended Fund Facility (EFF) programme in March 2027 without seeking another IMF programme linked to debt restructuring, Minister Bimal Rathnayake has said. The planned…

Sri Lanka Approves Rs.17.2 Billion Electricity Relief Package Amid Cost Pressures

Sep 24, 2026 4 weeks ago 3 min read
Sri Lanka Approves Rs.17.2 Billion Electricity Relief Package Amid Cost Pressures

COLOMBO, September 24, 2026 — Sri Lanka’s Parliament has approved a Rs.17.213 billion supplementary allocation to provide financial relief on electricity bills, in a move that could ease pressure on households and businesses while adding another significant policy intervention to…

IMF Urges Sri Lanka to Accelerate Reforms Amid Rising External Risks

Sep 23, 2026 4 weeks ago 5 min read
IMF Urges Sri Lanka to Accelerate Reforms Amid Rising External Risks

COLOMBO, September 23, 2026 — The International Monetary Fund (IMF) has urged Sri Lanka to maintain prudent economic policies and accelerate structural reforms as the recovering economy faces renewed external risks from the Middle East conflict, global trade policy uncertainty…

BUSINESS

ADB Approves $100 Million Loan to Strengthen Sri Lanka’s Skills and Youth Employment

Oct 2, 2026 3 weeks ago 3 min read
ADB Approves $100 Million Loan to Strengthen Sri Lanka’s Skills and Youth Employment

COLOMBO, October 2, 2026 — The Asian Development Bank (ADB) has approved a $100 million results-based loan to support Sri Lanka’s efforts to modernise its…

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

Oct 1, 2026 3 weeks ago 4 min read
Port City Colombo Steps Up Gulf Investment Drive Across UAE, Oman and Qatar

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…

Cabinet Awards Rs.2.89 Billion Baseline Road Extension Contract to Maga Engineering

Sep 30, 2026 3 weeks ago 3 min read
Cabinet Awards Rs.2.89 Billion Baseline Road Extension Contract to Maga Engineering

COLOMBO, September 30, 2026 — The Government has awarded a Rs.2.89 billion contract to Maga Engineering Ltd. for the third phase of the Baseline Road…

Sri Lanka Targets Malaysian Investment as Country Positions for Next Growth Phase

Sep 29, 2026 3 weeks ago 5 min read
Sri Lanka Targets Malaysian Investment as Country Positions for Next Growth Phase

KUALA LUMPUR, September 29, 2026 — Sri Lanka is seeking to deepen economic and investment ties with Malaysia by inviting Malaysian companies to participate in…

ECONOMY

Rupee Weakens Against Dollar as Selling Rates Move Towards Rs. 335

Sep 28, 2026 3 weeks ago 2 min read
Rupee Weakens Against Dollar as Selling Rates Move Towards Rs. 335

COLOMBO, September 28, 2026 — The Sri Lankan Rupee weakened further against the US Dollar at several commercial banks today, with dollar selling rates moving…

Fitch Upgrade Signals Improving Confidence in Sri Lanka’s Post-Crisis Economy

Sep 27, 2026 3 weeks ago 4 min read
Fitch Upgrade Signals Improving Confidence in Sri Lanka’s Post-Crisis Economy

COLOMBO, September 27, 2026 — Sri Lanka’s latest sovereign credit-rating upgrade by Fitch Ratings is strengthening the country’s position in international financial markets, marking another…

Expressway Revenue Loss Tops Rs. 4.6 Billion as Audit Flags Major Financial and Control Gaps

Sep 25, 2026 4 weeks ago 4 min read
Expressway Revenue Loss Tops Rs. 4.6 Billion as Audit Flags Major Financial and Control Gaps

COLOMBO, September 25, 2026 — Sri Lanka’s expressway network suffered more than Rs. 4.6 billion in revenue losses over a period of four years and…

IPS Outlines Sectoral Reforms to Put Sri Lanka on a Durable Growth Path

Sep 23, 2026 4 weeks ago 7 min read
IPS Outlines Sectoral Reforms to Put Sri Lanka on a Durable Growth Path

COLOMBO, September 23, 2026 — Sri Lanka needs to move beyond crisis management and accelerate structural reforms across trade, taxation, human capital, social protection, agriculture,…

MARKETS

Fitch upgrade lifts CSE as ASPI rebounds above 21,000

Sep 23, 2026 4 weeks ago 2 min read
Fitch upgrade lifts CSE as ASPI rebounds above 21,000

COLOMBO, September 23, 2026 — The Colombo Stock Exchange rebounded on 22 September 2026, with both benchmark indices closing higher after sentiment improved sharply during…

Global Oil Stays Above US$100 as Sri Lanka Holds Fuel Prices Amid Rising Business Costs

Sep 20, 2026 4 weeks ago 6 min read
Global Oil Stays Above US$100 as Sri Lanka Holds Fuel Prices Amid Rising Business Costs

COLOMBO, September 20, 2026 — Sri Lankan businesses are facing renewed cost pressures as international crude oil prices remain above US$100 a barrel, raising the…

CSE Ends Higher as Dialog Axiata, Melstacorp and Hayleys Gain

Sep 19, 2026 1 month ago 2 min read
CSE Ends Higher as Dialog Axiata, Melstacorp and Hayleys Gain

COLOMBO, September 19, 2026 — The Colombo Stock Exchange (CSE) closed higher, supported by price gains in counters including Dialog Axiata, Melstacorp and Hayleys, while…

CSE Indices End Lower as Key Stocks Decline

Sep 18, 2026 1 month ago 2 min read
CSE Indices End Lower as Key Stocks Decline

COLOMBO, September 18, 2026 — The Colombo Stock Exchange (CSE) ended the session in negative territory, with both major indices coming under pressure as several…

NATION

Paperless Customs Declaration Process Takes Effect Across Sri Lanka

Oct 1, 2026 3 weeks ago 2 min read
Paperless Customs Declaration Process Takes Effect Across Sri Lanka

COLOMBO, October 1, 2026 — Sri Lanka Customs has officially introduced its new Paperless Customs Declaration Process, marking a major step towards digitalising and modernising…

Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

Sep 30, 2026 3 weeks ago 3 min read
Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

COLOMBO, September 30, 2026 — Sri Lanka and Australia have agreed to strengthen bilateral cooperation across trade, defence, education, agriculture and maritime affairs following high-level…

Rumesh Pathirage Strikes Asian Games Gold with 88.55m Javelin Throw

Sep 29, 2026 3 weeks ago 3 min read
Rumesh Pathirage Strikes Asian Games Gold with 88.55m Javelin Throw

SRI LANKA, September 29, 2026 — Sri Lankan javelin star Rumesh Pathirage has secured the Asian Games gold medal with a commanding 88.55-metre throw, capping…

Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

Sep 28, 2026 3 weeks ago 2 min read
Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

GAMPAHA, September 27, 2026 — President Anura Kumara Dissanayake has announced that the Government will introduce a Rs. 41 billion fuel subsidy covering the next…

world

Cathay Pacific Extends Middle East Passenger Flight Suspensions to January 2027

Sep 29, 2026 3 weeks ago 2 min read
Cathay Pacific Extends Middle East Passenger Flight Suspensions to January 2027

HONG KONG, September 28, 2026 — Cathay Pacific has extended the suspension of its passenger services to parts of the Middle East, cancelling flights to…

Iran Pushes for Diplomacy After Trump Rejects Hormuz Peace Proposal

Sep 27, 2026 3 weeks ago 4 min read
Iran Pushes for Diplomacy After Trump Rejects Hormuz Peace Proposal

NEW YORK, September 27, 2026 — Iran is continuing to call for a negotiated settlement to its conflict with the United States and Israel after…

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

Sep 25, 2026 4 weeks ago 4 min read
Netanyahu Defends Israel’s Military Actions as Dozens of UN Delegates Walk Out

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…

Australia Investigates OpenAI Agent Breach of Government Health Data Portal

Sep 24, 2026 4 weeks ago 5 min read
Australia Investigates OpenAI Agent Breach of Government Health Data Portal

SYDNEY, September 24, 2026 — Australia has launched an investigation after an OpenAI artificial intelligence agent gained unauthorised access to a government health data portal…