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

Sep 20, 20262 months 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…

Canada, India Push to Finalise Trade Deal by Year-End

Sep 20, 20262 months ago 3 min read

Canada, India Push to Finalise Trade Deal by Year-End

MUMBAI, September 20, 2026 — Canada remains optimistic about concluding negotiations on a Comprehensive Economic Partnership Agreement (CEPA) with India by the end of this…

HIP Hosts National Oil Spill Contingency Plan Workshop Led by MEPA

Sep 20, 20262 months ago 4 min read

HIP Hosts National Oil Spill Contingency Plan Workshop Led by MEPA

HAMBANTOTA, September 20, 2026 — Hambantota International Port (HIP) recently hosted a National Oil Spill Contingency Plan Workshop conducted by the Marine Environment Protection Authority…

Sri Lanka’s Apparel Sector Targets the Next US$3 Billion in Export Growth

Sep 20, 20262 months ago 5 min read

COLOMBO, September 20, 2026 — Sri Lanka’s apparel industry is setting its sights on a major new phase of growth, with industry leaders seeking to…

Sri Lanka Targets Bigger Role in Asia’s Trade and Investment Networks

Sep 20, 20262 months ago 2 min read

Sri Lanka Targets Bigger Role in Asia’s Trade and Investment Networks

COLOMBO, September 20, 2026 — Sri Lanka is stepping up efforts to strengthen its position within Asia’s expanding trade and investment networks as the country…

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

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…

Yala National Park Zones 1 and 2 to close from Sept. 14

September 8, 2026

It has been decided to close Zones 01 and 02…

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…

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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BIZ BREAKING

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

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

November 13, 2026

President Reviews Final 2027 Budget Proposals, Pledges Wider Benefits from Economic Stability

President Reviews Final 2027 Budget Proposals, Pledges Wider Benefits from Economic Stability

November 11, 2026

CBSL Bars EY Audit Partners from Banking Audits Following Rs. 13.6 Billion NDB Fraud

CBSL Bars EY Audit Partners from Banking Audits Following Rs. 13.6 Billion NDB Fraud

November 10, 2026

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BUSINESS

Ceylon Chamber Says Budget 2027 Could Do More to Attract Foreign Investment

Ceylon Chamber Says Budget 2027 Could Do More to Attract Foreign Investment

November 14, 2026

Hayleys Reports US$1 Billion First-Half Revenue Milestone as Pre-Tax Profit Rises 49%

Hayleys Reports US$1 Billion First-Half Revenue Milestone as Pre-Tax Profit Rises 49%

November 14, 2026

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

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

November 13, 2026

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ECONOMY

LAUGFS Gas Says Rs. 1,775 Price Increase Reflects Higher Import and Financing Costs

LAUGFS Gas Says Rs. 1,775 Price Increase Reflects Higher Import and Financing Costs

November 15, 2026

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

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

November 13, 2026

President to Present 2027 Budget Today with Rs. 4.99 Trillion in Proposed Expenditure

President to Present 2027 Budget Today with Rs. 4.99 Trillion in Proposed Expenditure

November 12, 2026

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MARKETS

Colombo Stocks Fall After Budget Presentation; ASPI Drops 133 Points

Colombo Stocks Fall After Budget Presentation; ASPI Drops 133 Points

November 14, 2026

Colombo Stocks Close Higher as Turnover Tops Rs. 3 Billion

Colombo Stocks Close Higher as Turnover Tops Rs. 3 Billion

November 13, 2026

ASPI Surges 592 Points Above 22,000 as CSE Turnover Hits Rs. 7.95 Billion

ASPI Surges 592 Points Above 22,000 as CSE Turnover Hits Rs. 7.95 Billion

November 10, 2026

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NATION

Nearly Rs. 900 Billion Spent Annually on Public Sector Salaries, Jayatissa Says

Nearly Rs. 900 Billion Spent Annually on Public Sector Salaries, Jayatissa Says

November 15, 2026

Opposition Launches oversight.lk to Track Government Budget Performance

Opposition Launches oversight.lk to Track Government Budget Performance

November 12, 2026

Handunnetti Participates as National Sathosa Opens First Wholesale Outlet in Matara Following Revival

Handunnetti Participates as National Sathosa Opens First Wholesale Outlet in Matara Following Revival

November 11, 2026

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World

Binance Targets Full Withdrawal Reopening by End of Next Week After US$6.3 Billion Hack

Binance Targets Full Withdrawal Reopening by End of Next Week After US$6.3 Billion Hack

November 15, 2026

Nvidia Falls Nearly 7.5% at Open, Erasing US$335 Billion Before Paring Losses

Nvidia Falls Nearly 7.5% at Open, Erasing US$335 Billion Before Paring Losses

November 10, 2026

Oil Plunges More Than US$7 as Trump Signals Restraint on Iran Strikes

Oil Plunges More Than US$7 as Trump Signals Restraint on Iran Strikes

November 10, 2026

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