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US Reportedly Moves Toward $2.8 Billion Arms Package for Israel

Sep 16, 20262 months ago 3 min read

US Reportedly Moves Toward $2.8 Billion Arms Package for Israel

WASHINGTON, September 16, 2026 — The US government is reportedly moving toward approving an arms package worth approximately US$2.8 billion for Israel, according to US…

Sri Lanka Economy Grows 4.2% in Second Quarter of 2026

Sep 16, 20262 months ago 3 min read

Sri Lanka Economy Grows 4.2% in Second Quarter of 2026

COLOMBO, September 16, 2026 — Sri Lanka’s economy expanded by 4.2% year-on-year during the second quarter of 2026, according to the latest National Accounts Estimates…

Aitken Spence Hotels’ Rs. 5 Billion Debenture Issue Fully Taken Up on Opening Day

Sep 16, 20262 months ago 2 min read

Aitken Spence Hotels’ Rs. 5 Billion Debenture Issue Fully Taken Up on Opening Day

COLOMBO, September 16, 2026 — Aitken Spence Hotel Holdings PLC has successfully secured strong investor demand for its maiden listed, rated, unsecured, senior redeemable debenture…

DIMO and Union Bank Join Forces to Expand Vehicle Financing Options

Sep 16, 20262 months ago 2 min read

DIMO and Union Bank Join Forces to Expand Vehicle Financing Options

COLOMBO, September 16, 2026 — DIMO has partnered with Union Bank PLC to provide exclusive financing solutions for customers purchasing selected TATA Commercial Vehicles, TATA…

Cabinet Approves US$112 Million Waterfront Investment in Colombo Port City

Sep 16, 20262 months ago 2 min read

Cabinet Approves US$112 Million Waterfront Investment in Colombo Port City

COLOMBO, September 16, 2026 — The Cabinet of Ministers has approved a major investment proposal that will see Prime Melwa (Pvt) Ltd develop a landmark…

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

COLOMBO, November 11, 2026 — President Anura Kumara Dissanayake has reviewed the final proposals for the 2027 Budget, saying it…

CBSL Clarifies EY Remains Eligible to Audit Licensed Banks

November 11, 2026

COLOMBO, November 11, 2026 — The Central Bank of Sri…

Industry Minister raises performance-based reward scheme with President as productivity competition returns after five-year gap

November 11, 2026

COLOMBO, November 11, 2026 — Minister of Industry and Entrepreneurship…

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

November 10, 2026

COLOMBO, November 10, 2026 — The Colombo Stock Exchange recorded…

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BIZ BREAKING

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

JAAF Backs Fresh GSP+ Application to Protect Sri Lanka’s EU Market Access

JAAF Backs Fresh GSP+ Application to Protect Sri Lanka’s EU Market Access

November 9, 2026

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BUSINESS

Sri Lankan Fruit Experts and Chinese Entrepreneurs Explore Agricultural Cooperation

Sri Lankan Fruit Experts and Chinese Entrepreneurs Explore Agricultural Cooperation

November 12, 2026

Dialog Nine-Month Profit Jumps 92% to Rs. 28.5 Billion; Digital Investment Reaches Rs. 27.4 Billion

November 11, 2026

Fitch Upgrades Commercial Bank to ‘AA(lka)’ Following National Rating Scale Recalibration

Fitch Upgrades Commercial Bank to ‘AA(lka)’ Following National Rating Scale Recalibration

November 9, 2026

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ECONOMY

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

Sri Lanka’s Remittances Reach US$735.6 Million in October; Ten-Month Inflows Top US$7.6 Billion

Sri Lanka’s Remittances Reach US$735.6 Million in October; Ten-Month Inflows Top US$7.6 Billion

November 9, 2026

Higher Wages, Lower Living Standards: Sri Lanka’s Real Take-Home Pay, 2017–2026

Higher Wages, Lower Living Standards: Sri Lanka’s Real Take-Home Pay, 2017–2026

November 8, 2026

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MARKETS

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

Colombo Stocks End Week Higher as ASPI Gains 5.4%; Daily Turnover Averages Rs. 3 Billion

Colombo Stocks End Week Higher as ASPI Gains 5.4%; Daily Turnover Averages Rs. 3 Billion

November 7, 2026

EPF Equity Portfolio Valued at Rs. 204.94 Billion, More Than Double Investment Cost

EPF Equity Portfolio Valued at Rs. 204.94 Billion, More Than Double Investment Cost

November 6, 2026

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NATION

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

CBSL Clarifies EY Remains Eligible to Audit Licensed Banks

CBSL Clarifies EY Remains Eligible to Audit Licensed Banks

November 11, 2026

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World

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

China Extends Suspension of 24% Additional Tariff on US Goods for Two Months

China Extends Suspension of 24% Additional Tariff on US Goods for Two Months

November 9, 2026

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BIZ BREAKING

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