ASPI Falls 10.97% in Ten Months as October Wipes Rs. 441 Billion Off Market Value

Nov 2, 2026 4 days ago 1 min read
ASPI Falls 10.97% in Ten Months as October Wipes Rs. 441 Billion Off Market Value

COLOMBO, November 2, 2026 — Sri Lanka’s benchmark All Share Price Index (ASPI) declined by 10.97% during the first ten months of 2026, while the…

CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

Nov 2, 2026 4 days ago 1 min read
CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

COLOMBO, November 2, 2026 — The Ceylon Petroleum Corporation (CPC) has increased petrol and diesel prices, effective from midnight on November 1, while leaving kerosene…

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

Nov 2, 2026 4 days ago 1 min read
Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

COLOMBO, November 2, 2026 — Home Lands has showcased Sri Lankan real estate investment opportunities at a property investment roadshow in Ottawa, Canada, engaging prospective…

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

Oct 31, 2026 6 days ago 3 min read
Fitch Upgrades BOC, People’s Bank and Commercial Bank; Downgrades Cargills Bank

COLOMBO, October 31, 2026 — Fitch Ratings has upgraded the National Long-Term Ratings of Bank of Ceylon, People’s Bank and Commercial Bank, while downgrading Cargills…

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

Oct 31, 2026 6 days ago 3 min read
Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

COLOMBO, October 31, 2026 — Oil prices rose more than 2% on Friday to their highest closing levels since late April, as a tanker attack…

BIZ BREAKING

Sri Lanka Seeks EU Investment Under €300 Billion Global Gateway Initiative

Oct 16, 2026 3 weeks ago 3 min read
Sri Lanka Seeks EU Investment Under €300 Billion Global Gateway Initiative

COLOMBO, October 16, 2026 — Sri Lanka has sought European Union (EU) investment to strengthen small and medium-sized enterprises (SMEs), develop startup incubators and expand export-oriented industries under the EU’s €300 billion Global Gateway initiative, as the country looks to…

IMF Pledges Continued Support for Sri Lanka as $345 Million Tranche Awaits Board Approval

Oct 15, 2026 3 weeks ago 3 min read
IMF Pledges Continued Support for Sri Lanka as $345 Million Tranche Awaits Board Approval

BANGKOK, October 15, 2026 — The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Sri Lanka’s economic recovery, signalling continued engagement beyond the country’s current bailout programme as fiscal conditions improve and debt restructuring nears completion. Sonali Jain-Chandra,…

Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

Oct 14, 2026 3 weeks ago 4 min read
Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

COLOMBO, October 14, 2026 — Global oil prices climbed on Wednesday as attacks on commercial vessels in the Strait of Hormuz and reports of new Iranian tactics against shipping intensified concerns over energy supply disruptions, threatening to increase costs for…

Cabinet Approves US$100 Million ADB Financing for Sri Lanka’s Water Sector Reforms

Oct 13, 2026 3 weeks ago 3 min read
Cabinet Approves US$100 Million ADB Financing for Sri Lanka’s Water Sector Reforms

COLOMBO, October 13, 2026 — Sri Lanka’s Cabinet has approved a US$100 million policy-based financing facility from the Asian Development Bank (ADB) to advance the second sub-programme of the country’s Water Supply and Sanitation Reform Programme, supporting efforts to address…

BUSINESS

Sri Lanka’s AML Reforms Put Investor Confidence and International Banking Access in Focus

Oct 18, 2026 3 weeks ago 5 min read
Sri Lanka’s AML Reforms Put Investor Confidence and International Banking Access in Focus

COLOMBO, October 18, 2026 — Sri Lanka’s efforts to strengthen anti-money laundering (AML) controls and improve corporate transparency are gaining importance ahead of an upcoming…

Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

Oct 17, 2026 3 weeks ago 2 min read
Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

COLOMBO, October 17, 2026 — Sri Lankan developers Prime Lands and Melwa have signed a Sales and Purchase Agreement (SPA) for a new mixed-use development…

Sri Lanka–Vietnam Business Council Targets US$ 1 Billion Bilateral Trade by 2030

Oct 16, 2026 3 weeks ago 6 min read
Sri Lanka–Vietnam Business Council Targets US$ 1 Billion Bilateral Trade by 2030

COLOMBO, October 16, 2026 — The Ceylon Chamber of Commerce has launched the Sri Lanka–Vietnam Business Council to strengthen bilateral trade, investment and tourism ties,…

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

Oct 15, 2026 3 weeks 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,…

ECONOMY

“You can increase your fuel prices, but we won’t”: Govt tells private suppliers

Oct 11, 2026 4 weeks ago 2 min read
“You can increase your fuel prices, but we won’t”: Govt tells private suppliers

COLOMBO, October 11, 2026 — The Sri Lankan government has ruled out increasing fuel prices to accommodate the demands of private fuel suppliers, with Energy…

Sri Lanka Customs Revenue Surpasses September Target by 32% as 2026 Collections Near Annual Goal

Oct 9, 2026 4 weeks ago 3 min read
Sri Lanka Customs Revenue Surpasses September Target by 32% as 2026 Collections Near Annual Goal

COLOMBO, October 9, 2026 — Sri Lanka Customs collected Rs. 258.3 billion in September, exceeding its monthly revenue target by 32.1%, as stronger collections from…

Sri Lanka’s Official Reserve Assets Fall 1.1% to US$6.85 Billion in September

Oct 8, 2026 4 weeks ago 2 min read
Sri Lanka’s Official Reserve Assets Fall 1.1% to US$6.85 Billion in September

COLOMBO, October 8, 2026 — Sri Lanka’s official reserve assets declined by 1.1% in September 2026, falling to US$6.851 billion from US$6.929 billion recorded in…

2027 Appropriation Bill Presented to Parliament as Budget Process Begins

Oct 7, 2026 4 weeks ago 2 min read
2027 Appropriation Bill Presented to Parliament as Budget Process Begins

COLOMBO, October 7, 2026 — Sri Lanka’s parliamentary process for the 2027 national budget formally commenced today with the presentation of the Appropriation Bill for…

MARKETS

CSE Ends Week on Positive Note as Banking Stocks Lift Daily Indices Despite Weekly Losses

Oct 11, 2026 4 weeks ago 3 min read
CSE Ends Week on Positive Note as Banking Stocks Lift Daily Indices Despite Weekly Losses

COLOMBO, October 11, 2026 — Sri Lanka’s stock market ended the week’s final trading session in positive territory, supported by price gains in Dialog Axiata,…

CSE Indices Close Lower as Rs. 2.7 Billion Turnover Concentrates in Key Counters

Oct 9, 2026 4 weeks ago 2 min read
CSE Indices Close Lower as Rs. 2.7 Billion Turnover Concentrates in Key Counters

COLOMBO, October 9, 2026 — Sri Lanka’s stock market closed in negative territory as selling pressure on heavyweight counters, including Distilleries Company of Sri Lanka,…

CSE Ends Lower as ASPI and S&P SL20 Decline on Broad-Based Selling

Oct 8, 2026 4 weeks ago 2 min read
CSE Ends Lower as ASPI and S&P SL20 Decline on Broad-Based Selling

COLOMBO, October 8, 2026 — Sri Lanka’s stock market ended the session in negative territory today, with both the All Share Price Index (ASPI) and…

CSE Closes Mixed as ASPI Edges Higher While S&P SL20 Declines

Oct 7, 2026 4 weeks ago 3 min read
CSE Closes Mixed as ASPI Edges Higher While S&P SL20 Declines

COLOMBO, October 7, 2026 — Sri Lanka’s stock market closed on a mixed note today, with the All Share Price Index (ASPI) edging higher on…

NATION

Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

Oct 17, 2026 3 weeks ago 2 min read
Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

TANGALLE, October 17, 2026 — A nine-storey surgical ward complex estimated to cost Rs. 3.09 billion is planned for Tangalle Base Hospital as part of…

US Announces US$17 Million Investment to Digitise Colombo Port Operations

Oct 16, 2026 3 weeks ago 3 min read
US Announces US$17 Million Investment to Digitise Colombo Port Operations

COLOMBO, October 16, 2026 — The United States has announced a US$17 million investment to digitise operations at the Port of Colombo, aiming to accelerate…

Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

Oct 15, 2026 3 weeks 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…

Sri Lanka Plans Integrated Digital Database to Strengthen Praja Shakthi Poverty Eradication Programme

Oct 14, 2026 3 weeks ago 3 min read
Sri Lanka Plans Integrated Digital Database to Strengthen Praja Shakthi Poverty Eradication Programme

COLOMBO, October 14, 2026 — Sri Lanka is considering the development of an integrated digital database to identify rural development needs and improve the implementation…

world

Tesla Unveils Flying Roadster, Claims Sub-One-Second 0–60 MPH Acceleration

Oct 16, 2026 3 weeks ago 4 min read
Tesla Unveils Flying Roadster, Claims Sub-One-Second 0–60 MPH Acceleration

MCLENNAN, October 16, 2026 — Tesla has unveiled its long-awaited next-generation Roadster with a dramatic demonstration featuring midair flips, rocket-inspired propulsion technology and a claimed…

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

Oct 15, 2026 3 weeks 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…

Apple Unveils HomeView Smart Home Hub With Upgraded Siri AI, Intensifying Tech Competition

Oct 14, 2026 3 weeks ago 4 min read
Apple Unveils HomeView Smart Home Hub With Upgraded Siri AI, Intensifying Tech Competition

CUPERTINO, October 14, 2026 — Apple has unveiled a new range of smart home devices led by HomeView, a $299 touchscreen hub powered by an…

US Hopes Russian Diesel Deal Will Help Bring Moscow Back to Ukraine Peace Talks

Oct 13, 2026 3 weeks ago 7 min read
US Hopes Russian Diesel Deal Will Help Bring Moscow Back to Ukraine Peace Talks

WASHINGTON, October 13, 2026 — The Trump administration is seeking to use a controversial deal allowing Russian diesel exports to encourage Moscow to resume negotiations…