Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

Oct 18, 2026 4 days ago 2 min read
Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

COLOMBO, October 18, 2026 — Litro Gas Lanka Limited is expecting a shipment carrying 3,900 metric tonnes of liquefied petroleum gas (LPG) to arrive in…

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

Oct 18, 2026 4 days 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…

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

Oct 17, 2026 5 days 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…

IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

Oct 17, 2026 5 days ago 5 min read
IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

COLOMBO, October 17, 2026 — The International Monetary Fund (IMF) has signalled its readiness to continue supporting Sri Lanka beyond the expiry of its current…

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

Oct 17, 2026 5 days 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…

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…

BIZ BREAKING

Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

Oct 1, 2026 3 weeks ago 3 min read
Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

COLOMBO, October 1, 2026 — Sri Lanka’s fuel subsidy and higher taxes on vehicle imports have helped contain inflationary pressure while limiting foreign exchange outflows, Central Bank Governor Dr. Nandalal Weerasinghe said. The measures have become key policy tools as…

Rs.160 Million Diesel Discrepancy at Lakvijaya Power Plant Triggers Internal Probe

Sep 30, 2026 3 weeks ago 4 min read
Rs.160 Million Diesel Discrepancy at Lakvijaya Power Plant Triggers Internal Probe

COLOMBO, September 30, 2026 — An internal investigation has been launched into a diesel discrepancy exceeding Rs.160 million at the Lakvijaya Power Plant in Norochcholai, raising concerns over fuel inventory controls, financial accountability and the management of public resources used…

Sri Lanka Targets Saudi Capital for New Investment and Development Partnerships

Sep 29, 2026 3 weeks ago 5 min read
Sri Lanka Targets Saudi Capital for New Investment and Development Partnerships

COLOMBO, September 29, 2026 — Sri Lanka is stepping up efforts to attract Saudi investment into new development projects, seeking to transform its longstanding relationship with the Kingdom into a broader commercial partnership spanning investment, trade, infrastructure and private-sector development.…

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

Sep 27, 2026 4 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,…

BUSINESS

AkzoNobel to Sell Southeast Asia Paints Business to Nippon Paint for $1.35 Billion

Oct 5, 2026 2 weeks ago 3 min read
AkzoNobel to Sell Southeast Asia Paints Business to Nippon Paint for $1.35 Billion

COLOMBO, October 5, 2026 — AkzoNobel has agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, marking a major…

STC Expands Own-Brand Portfolio with Three New Products

Oct 4, 2026 3 weeks ago 3 min read
STC Expands Own-Brand Portfolio with Three New Products

STC Management team with chief guest: From left: Wasantha Dissanayake, Private Secretary to the Minister; Ravindra Fernando, Chairman/Managing Director, Sri Lanka State Trading (General) Corporation…

Pan Asia Bank’s Rs. 5 Billion Debenture Issue Oversubscribed on Strong Investor Demand

Oct 3, 2026 3 weeks ago 2 min read
Pan Asia Bank’s Rs. 5 Billion Debenture Issue Oversubscribed on Strong Investor Demand

B D A Perera, Chairman and Naleen Edirisinghe Director/CEO of Pan Asia Bank COLOMBO, October 3, 2026 — Pan Asia Banking Corporation PLC has secured…

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…

ECONOMY

Fuel Prices Rise as New Rates Take Effect Across Sri Lanka

Oct 1, 2026 3 weeks ago 2 min read
Fuel Prices Rise as New Rates Take Effect Across Sri Lanka

COLOMBO, October 1, 2026 — Revised fuel prices have come into effect across Sri Lanka from today, with the Ceylon Petroleum Corporation (CPC) increasing the…

CBSL Holds Policy Rate at 8.75% as Inflation and External Risks Persist

Sep 30, 2026 3 weeks ago 4 min read
CBSL Holds Policy Rate at 8.75% as Inflation and External Risks Persist

COLOMBO, September 30, 2026 — The Central Bank of Sri Lanka (CBSL) has kept its Overnight Policy Rate (OPR) unchanged at 8.75%, opting to maintain…

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 4 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…

MARKETS

CSE Slips Below 21,000 as Turnover Hits Year-to-Date Low

Sep 29, 2026 3 weeks ago 3 min read
CSE Slips Below 21,000 as Turnover Hits Year-to-Date Low

COLOMBO, September 28, 2026 — The Colombo Stock Exchange started the week under pressure, with the benchmark ASPI falling below the 21,000 level as broad-based…

CSE Ends Lower as Dialog Axiata and Richard Pieris Weigh on Indices

Sep 25, 2026 4 weeks ago 3 min read
CSE Ends Lower as Dialog Axiata and Richard Pieris Weigh on Indices

COLOMBO, September 25, 2026 — Sri Lankan equities ended the session in negative territory as selling pressure on key counters including Dialog Axiata, Richard Pieris…

CSE Expands SME Capital-Market Access as Anuradhapura and Jaffna Businesses Explore New Funding Options

Sep 24, 2026 4 weeks ago 4 min read
CSE Expands SME Capital-Market Access as Anuradhapura and Jaffna Businesses Explore New Funding Options

COLOMBO, September 24, 2026 — Small and medium-sized enterprises (SMEs) in Anuradhapura and Jaffna are being introduced to alternative avenues for raising growth capital as…

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…

NATION

Govt. Targets Digital Connectivity for All Secondary Schools by Year-End: PM

Oct 4, 2026 3 weeks ago 3 min read
Govt. Targets Digital Connectivity for All Secondary Schools by Year-End: PM

COLOMBO, October 4, 2026 — The Government is working to provide digital connectivity to secondary schools across Sri Lanka by the end of this year,…

Sri Lanka’s Unemployment Rate Rises to 4% in Q2 2026

Oct 3, 2026 3 weeks ago 1 min read
Sri Lanka’s Unemployment Rate Rises to 4% in Q2 2026

COLOMBO, October 3, 2026 — Sri Lanka’s unemployment rate increased to 4.0% in the second quarter of 2026, up from 3.8% during the corresponding quarter…

Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

Oct 2, 2026 3 weeks ago 2 min read
Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

COLOMBO, October 2, 2026 — A Rs. 22.017 billion development project aimed at strengthening irrigation and water security in Monaragala is expected to benefit approximately…

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…

world

Russia Launches Largest Attack on Ukraine Energy Infrastructure Since Spring

Oct 1, 2026 3 weeks ago 4 min read
Russia Launches Largest Attack on Ukraine Energy Infrastructure Since Spring

KYIV, October 1, 2026 — Russia has launched its largest attack on Ukraine’s energy infrastructure since the spring, targeting Kyiv and several other regions in…

US Forces Complete Iraq Withdrawal, Raising Concerns Over Iran’s Growing Influence

Sep 30, 2026 3 weeks ago 4 min read
US Forces Complete Iraq Withdrawal, Raising Concerns Over Iran’s Growing Influence

BAGHDAD, September 30, 2026 — The United States is completing the withdrawal of its forces from their remaining bases in Iraq, ending more than two…

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 4 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…