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

Oct 15, 2026 5 days 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…

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

Oct 15, 2026 5 days 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,…

IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

Oct 15, 2026 5 days ago 2 min read
IRD Sets November 30 Deadline for 2025/2026 Income Tax Returns

COLOMBO, October 15, 2026 — The Inland Revenue Department (IRD) has reminded individuals registered for income tax to submit their income tax returns for the…

Sri Lanka Wins Leading Wellness Destination Award at SATA 2026

Oct 15, 2026 5 days 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…

CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

Oct 15, 2026 5 days ago 2 min read
CSE Closes in Red as Dialog Axiata and Key Counters Weigh on Indices

COLOMBO, October 15, 2026 — The Colombo Stock Exchange (CSE) ended the trading session in negative territory, with declines in Dialog Axiata, Carson Cumberbatch and…

BIZ BREAKING

IMF Urges Sri Lanka to Accelerate Reforms Amid Rising External Risks

Sep 23, 2026 4 weeks ago 5 min read
IMF Urges Sri Lanka to Accelerate Reforms Amid Rising External Risks

COLOMBO, September 23, 2026 — The International Monetary Fund (IMF) has urged Sri Lanka to maintain prudent economic policies and accelerate structural reforms as the recovering economy faces renewed external risks from the Middle East conflict, global trade policy uncertainty…

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

Sep 20, 2026 1 month 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 seeks to attract greater foreign investment and expand its role in regional supply chains. With…

Sri Lanka Connects First Grid-Scale Battery Storage Facility to National Grid

Sep 19, 2026 1 month ago 3 min read
Sri Lanka Connects First Grid-Scale Battery Storage Facility to National Grid

COLOMBO, September 19, 2026 — Sri Lanka has connected its first grid-scale standalone Battery Energy Storage System (BESS) to the national electricity grid, marking a significant development in the country’s renewable energy and power infrastructure sector. The 10 MW/40 MWh…

WindForce Boosts Renewable Portfolio to 268 MW with Battery Storage and Floating Solar

Sep 18, 2026 1 month ago 2 min read
WindForce Boosts Renewable Portfolio to 268 MW with Battery Storage and Floating Solar

COLOMBO, September 18, 2026 — Renewable energy producer WindForce PLC has expanded its total generation capacity to approximately 268 MW following the commissioning of two new clean-energy projects, including what the company describes as Sri Lanka’s first standalone grid-scale battery…

BUSINESS

Sri Lanka Targets Malaysian Investment as Country Positions for Next Growth Phase

Sep 29, 2026 3 weeks ago 5 min read
Sri Lanka Targets Malaysian Investment as Country Positions for Next Growth Phase

KUALA LUMPUR, September 29, 2026 — Sri Lanka is seeking to deepen economic and investment ties with Malaysia by inviting Malaysian companies to participate in…

Electricity Tariff Cuts Remain Without Firm Timeline as Sri Lanka Expands Renewables

Sep 28, 2026 3 weeks ago 3 min read
Electricity Tariff Cuts Remain Without Firm Timeline as Sri Lanka Expands Renewables

COLOMBO, September 28, 2026 — Sri Lanka’s Government has yet to set a firm timeline for electricity tariff reductions, with Energy Minister Anura Karunathilaka saying…

Sri Lanka sets sights on 4 million tourists and US$8 billion tourism revenue by 2030

Sep 27, 2026 3 weeks ago 4 min read
Sri Lanka sets sights on 4 million tourists and US$8 billion tourism revenue by 2030

COLOMBO, September 27, 2026 — Sri Lanka is targeting four million tourist arrivals and US$8 billion in annual tourism revenue by 2030, as the Government…

Iran Offers Deal to Reopen Strait of Hormuz Within Seven Days, Raising Hopes for Oil Market Relief

Sep 26, 2026 3 weeks ago 5 min read
Iran Offers Deal to Reopen Strait of Hormuz Within Seven Days, Raising Hopes for Oil Market Relief

NEW YORK, September 26, 2026 — Iran has offered the United States a potential agreement that could reopen the Strait of Hormuz within seven days,…

ECONOMY

IPS Outlines Sectoral Reforms to Put Sri Lanka on a Durable Growth Path

Sep 23, 2026 4 weeks ago 7 min read
IPS Outlines Sectoral Reforms to Put Sri Lanka on a Durable Growth Path

COLOMBO, September 23, 2026 — Sri Lanka needs to move beyond crisis management and accelerate structural reforms across trade, taxation, human capital, social protection, agriculture,…

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

Sep 20, 2026 1 month ago 5 min read
Sri Lanka’s Apparel Sector Targets the Next US$3 Billion in Export Growth

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 960 MW Battery Storage Capacity by Mid-2027

Sep 19, 2026 1 month ago 3 min read
Sri Lanka Targets 960 MW Battery Storage Capacity by Mid-2027

COLOMBO, September 19, 2026 — Sri Lanka plans to expand its Battery Energy Storage System (BESS) capacity to nearly 960 MW by the end of…

IMF Commends Sri Lanka’s Fiscal Progress as Seventh Review Continues

Sep 18, 2026 1 month ago 3 min read
IMF Commends Sri Lanka’s Fiscal Progress as Seventh Review Continues

COLOMBO, September 18, 2026 — The International Monetary Fund (IMF) has commended Sri Lanka’s recent progress in maintaining fiscal discipline, increasing government revenue and attracting…

MARKETS

CSE Indices End Lower as Key Stocks Decline

Sep 18, 2026 1 month ago 2 min read
CSE Indices End Lower as Key Stocks Decline

COLOMBO, September 18, 2026 — The Colombo Stock Exchange (CSE) ended the session in negative territory, with both major indices coming under pressure as several…

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

Sep 16, 2026 1 month 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…

Asia Asset Finance Raises Rs. 1.5 Billion Through Rights Issue

Sep 14, 2026 1 month ago 1 min read
Asia Asset Finance Raises Rs. 1.5 Billion Through Rights Issue

Sri Lanka’s Asia Asset Finance PLC has raised approximately Rs. 1.5 billion through a rights issue, strengthening its capital base as the company moves forward…

NATION

Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

Sep 28, 2026 3 weeks ago 2 min read
Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

GAMPAHA, September 27, 2026 — President Anura Kumara Dissanayake has announced that the Government will introduce a Rs. 41 billion fuel subsidy covering the next…

Minister Sunil Handunnetti joins Ceylon Gemlogue ’26 as Sri Lanka charts new direction for gem industry

Sep 27, 2026 3 weeks ago 4 min read
Minister Sunil Handunnetti joins Ceylon Gemlogue ’26 as Sri Lanka charts new direction for gem industry

COLOMBO, September 27, 2026 — Minister of Industry and Entrepreneurship Development Sunil Handunnetti attended the inaugural session of Ceylon Gemlogue ’26 in Colombo today, as…

Adverse Weather Affects Nearly 3,500 People Across 15 Districts

Sep 27, 2026 3 weeks ago 2 min read
Adverse Weather Affects Nearly 3,500 People Across 15 Districts

COLOMBO, September 27, 2026 — Adverse weather conditions have affected 3,495 people from 943 families across 104 Divisional Secretariat (DS) divisions in 15 districts, according…

Met Department Issues Amber Advisory Over High Waves Along Sri Lankan Coast

Sep 26, 2026 3 weeks ago 1 min read
Met Department Issues Amber Advisory Over High Waves Along Sri Lankan Coast

COLOMBO, September 26, 2026 — The Department of Meteorology has issued an “Amber” advisory for high waves covering sea areas from Chilaw to Pottuvil, including…

world

Australia Investigates OpenAI Agent Breach of Government Health Data Portal

Sep 24, 2026 4 weeks ago 5 min read
Australia Investigates OpenAI Agent Breach of Government Health Data Portal

SYDNEY, September 24, 2026 — Australia has launched an investigation after an OpenAI artificial intelligence agent gained unauthorised access to a government health data portal…

Trump Threatens Iran With Destruction as Diplomats Push for Deal at UN

Sep 23, 2026 4 weeks ago 4 min read
Trump Threatens Iran With Destruction as Diplomats Push for Deal at UN

NEW YORK, September 23, 2026 — US President Donald Trump has warned that Iran could face devastating military action if Tehran fails to reach a…

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

Sep 20, 2026 1 month 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…

Singapore Airlines Named World’s Best Airline for 2026

Sep 19, 2026 1 month ago 3 min read
Singapore Airlines Named World’s Best Airline for 2026

LONDON, September 18, 2026 — Singapore Airlines (SIA) has been named the World’s Best Airline for 2026 at the Skytrax World Airline Awards, reclaiming the…