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Zhang Yiming Becomes Asia’s Richest Person Driven by ByteDance’s AI Surge

Sep 17, 20262 months ago 2 min read

Zhang Yiming, the 43-year-old founder of TikTok parent company ByteDance, has officially become Asia’s wealthiest individual with a net worth surpassing $105 billion. His personal…

US Reportedly Moves Toward $2.8 Billion Arms Package for Israel

Sep 16, 20262 months ago 3 min read

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

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

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

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

BIZ BREAKING

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…

BUSINESS

Sri Lanka hosts 11 Asian nations to showcase JICA-backed farming success

September 8, 2026

The Japan International Cooperation Agency (JICA) and the Agriculture Department…

BUSINESS

ComBank takes Q+ digital payments drive to Jaffna ahead of Nallur Festival

September 8, 2026

Canvasses more than 350 merchants and activates cashback campaign with…

BUSINESS

Sri Lanka, Japan step up efforts to address investor concerns and develop export-oriented industrial corridor

September 8, 2026

The Board of Investment of Sri Lanka (BOI) recently hosted…

BIZ BREAKING

BUSINESS

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

ECONOMY

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

MARKETS

Colombo Stocks Fall After Budget Presentation; ASPI Drops 133 Points

NATION

NCE to Hold Budget 2027 Forum for Exporters and Business Community on November 19

World

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

BIZ BREAKING

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Latest news

Motor Show 2026 Opens in Colombo, Putting Sri Lanka’s Automotive Business Market in the Spotlight

Colombo Stock Exchange Breaks Three-Day Losing Streak, Ends Week Higher

CMTA Warns of Rs. 40 Billion Revenue Loss, Calls for Fairer Vehicle Tax Rules

Oil Tops $100 as Middle East Tensions Raise Fresh Risks for Sri Lanka’s Economy

Zhang Yiming Becomes Asia’s Richest Person Driven by ByteDance’s AI Surge

US Reportedly Moves Toward $2.8 Billion Arms Package for Israel

Sri Lanka Economy Grows 4.2% in Second Quarter of 2026

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

DIMO and Union Bank Join Forces to Expand Vehicle Financing Options

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

Sri Lanka hosts 11 Asian nations to showcase JICA-backed farming success

ComBank takes Q+ digital payments drive to Jaffna ahead of Nallur Festival

Sri Lanka, Japan step up efforts to address investor concerns and develop export-oriented industrial corridor

BIZ BREAKING

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

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

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

BUSINESS

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

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

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

ECONOMY

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

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

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

MARKETS

Colombo Stocks Fall After Budget Presentation; ASPI Drops 133 Points

Colombo Stocks Close Higher as Turnover Tops Rs. 3 Billion

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

NATION

NCE to Hold Budget 2027 Forum for Exporters and Business Community on November 19

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

Opposition Launches oversight.lk to Track Government Budget Performance

World

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

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

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