Central Bank Names 27 Prohibited Scheme Entries, Warns Public Over Companies and Apps

Oct 29, 2026 6 days ago 2 min read
Central Bank Names 27 Prohibited Scheme Entries, Warns Public Over Companies and Apps

COLOMBO, October 29, 2026 — The Central Bank of Sri Lanka (CBSL) has listed 27 entries covering companies, mobile applications and related entities determined to…

Jio Surges 27% on Market Debut, Reaches US$137 Billion Valuation

Oct 29, 2026 6 days ago 3 min read
Jio Surges 27% on Market Debut, Reaches US$137 Billion Valuation

MUMBAI, October 29, 2026 — Mukesh Ambani’s Reliance Jio Platforms climbed approximately 27% on its Mumbai stock market debut on Wednesday, reaching a valuation of…

Sri Lanka Begins APG Review of Anti-Money Laundering and Counter-Terrorism Financing Framework

Oct 28, 2026 7 days ago 3 min read
Sri Lanka Begins APG Review of Anti-Money Laundering and Counter-Terrorism Financing Framework

COLOMBO, October 28, 2026 — Sri Lanka’s third mutual evaluation by the Asia/Pacific Group on Money Laundering (APG) has commenced, with assessors examining the country’s…

IMF Technology Chief Urges Strong Governance and Public Trust in AI-Driven Central Banking

Oct 28, 2026 7 days ago 2 min read
IMF Technology Chief Urges Strong Governance and Public Trust in AI-Driven Central Banking

COLOMBO, October 28, 2026 — Central banks adopting artificial intelligence must prioritise public trust, strong governance and human oversight, IMF Chief Information Officer Shirin Hamid…

Cabinet Clears US$100 Million ADB Loan Agreement for Economic Recovery Programme

Oct 28, 2026 7 days ago 2 min read
Cabinet Clears US$100 Million ADB Loan Agreement for Economic Recovery Programme

COLOMBO, October 28, 2026 — The Cabinet of Ministers has approved entering into a US$100 million loan agreement with the Asian Development Bank (ADB) to…

Crypto Cannot Be Used for Domestic Payments, CBSL Governor Says

COLOMBO, November 4, 2026 — Digital assets cannot be used for payments between residents under Sri Lanka’s current legal framework,…

BIZ BREAKING

EDB Appoints 24 Export Advisory Committees to Drive Sri Lanka’s US$36 Billion Export Target

Oct 9, 2026 4 weeks ago 4 min read
EDB Appoints 24 Export Advisory Committees to Drive Sri Lanka’s US$36 Billion Export Target

Minister Sunil Handunnetti, EDB Chairman Mangala Wijesinghe COLOMBO, October 9, 2026 — Sri Lanka has established 24 export advisory committees for 2026–2029 to help remove regulatory barriers, improve business competitiveness and accelerate progress towards its ambitious target of generating US$36 billion…

CBSL Survey Tracks Financial Sector Risks and Confidence in Sri Lanka’s Financial System

Oct 8, 2026 4 weeks ago 2 min read
CBSL Survey Tracks Financial Sector Risks and Confidence in Sri Lanka’s Financial System

COLOMBO, October 8, 2026 — The Central Bank of Sri Lanka (CBSL) has released the key findings of its Systemic Risk Survey (SRS) for the second half of 2026, providing an updated assessment of how financial market participants view risks…

BOI Accelerates Northern Province Investment Drive with Two New Export Processing Zones

Oct 7, 2026 4 weeks ago 4 min read
BOI Accelerates Northern Province Investment Drive with Two New Export Processing Zones

JAFFNA, October 7, 2026 — The Board of Investment of Sri Lanka (BOI) is accelerating plans to transform the Northern Province into a new investment and export hub, with the proposed Export Processing Zones (EPZs) at Paranthan and Kankesanthurai (KKS)…

Sri Lanka, ADB Map Out Development Priorities for 2026–2029

Oct 6, 2026 4 weeks ago 2 min read
Sri Lanka, ADB Map Out Development Priorities for 2026–2029

COLOMBO, October 6, 2026 — Sri Lanka and the Asian Development Bank (ADB) have begun discussions on a multi-year development programme for 2026–2029, with the government seeking to prioritise projects that can accelerate economic development while supporting fiscal targets and…

BUSINESS

Sungrow Commissions Sri Lanka’s 10 MW/40 MWh Battery Storage Project in Galle

Oct 12, 2026 3 weeks ago 5 min read
Sungrow Commissions Sri Lanka’s 10 MW/40 MWh Battery Storage Project in Galle

GALLE, October 12, 2026 — Global renewable energy technology supplier Sungrow has commissioned a 10 MW/40 MWh battery energy storage system (BESS) developed by WKV…

JETOUR Expands Sri Lankan Footprint with Second Showroom at Colombo City Centre

Oct 11, 2026 3 weeks ago 2 min read
JETOUR Expands Sri Lankan Footprint with Second Showroom at Colombo City Centre

COLOMBO, October 11, 2026 — Chinese automotive brand JETOUR is expanding its retail presence in Sri Lanka with the opening of its second showroom at…

Sri Lankan Exporters Secure US$50,000 in Orders at Maldives Trade Exhibition, Negotiate Further US$150,000

Oct 9, 2026 4 weeks ago 3 min read
Sri Lankan Exporters Secure US$50,000 in Orders at Maldives Trade Exhibition, Negotiate Further US$150,000

COLOMBO, October 9, 2026 — Sri Lankan exporters have secured approximately US$50,000 in confirmed orders and are negotiating a further US$150,000 in potential business following…

Prime Expands Sri Lankan Real Estate’s Global Reach, Driving FDI and Foreign Currency Inflows

Oct 8, 2026 4 weeks ago 3 min read
Prime Expands Sri Lankan Real Estate’s Global Reach, Driving FDI and Foreign Currency Inflows

MELBOURNE, October 8, 2026 — Prime Group is strengthening Sri Lanka’s position as an international real estate investment destination, following recognition for its contribution to…

ECONOMY

Sri Lanka Economy Returns to Pre-Crisis Levels, but Recovery Remains Uneven – World Bank

Oct 6, 2026 4 weeks ago 4 min read
Sri Lanka Economy Returns to Pre-Crisis Levels, but Recovery Remains Uneven – World Bank

COLOMBO, October 6, 2026 — Sri Lanka’s economy has returned to pre-crisis levels, marking a major milestone in the country’s recovery, but the benefits of…

Sri Lanka’s Tax Revenue Surpasses Rs. 2 Trillion in First Nine Months of 2026

Oct 3, 2026 1 month ago 2 min read
Sri Lanka’s Tax Revenue Surpasses Rs. 2 Trillion in First Nine Months of 2026

COLOMBO, October 3, 2026 — Sri Lanka’s Inland Revenue Department (IRD) collected more than Rs. 2.04 trillion in tax revenue during the first nine months…

Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

Oct 2, 2026 1 month ago 3 min read
Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

COLOMBO, October 2, 2026 — The government plans to introduce a simplified tax framework from 2027, including the gradual removal of additional levies imposed alongside…

Fuel Prices Rise as New Rates Take Effect Across Sri Lanka

Oct 1, 2026 1 month 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…

MARKETS

CSE Snaps Six-Session Losing Streak as Buying Interest Improves

Oct 2, 2026 1 month ago 3 min read
CSE Snaps Six-Session Losing Streak as Buying Interest Improves

COLOMBO, October 2, 2026 — The Colombo Stock Exchange snapped a six-session losing streak on Thursday, with both benchmark indices closing higher as buying interest…

CSE Indices Close Lower as Turnover Tops Rs. 1.6 Billion

Oct 1, 2026 1 month ago 2 min read
CSE Indices Close Lower as Turnover Tops Rs. 1.6 Billion

COLOMBO, October 1, 2026 — Sri Lanka’s stock market closed lower, with both benchmark indices ending in negative territory as price declines in key counters…

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

Sep 29, 2026 1 month 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 1 month 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…

NATION

Sri Lankan Scientist Themiya Nanayakkara Helps Discover Record-Breaking Radio Burst from 10 Billion Years Ago

Oct 9, 2026 4 weeks ago 3 min read
Sri Lankan Scientist Themiya Nanayakkara Helps Discover Record-Breaking Radio Burst from 10 Billion Years Ago

COLOMBO, October 9, 2026 — Sri Lankan scientist Themiya Nanayakkara has contributed to a landmark international astronomy discovery involving the oldest fast radio burst ever…

Sri Lanka-Thailand Visa-Free Travel Agreement Gets Cabinet Approval

Oct 6, 2026 4 weeks ago 2 min read
Sri Lanka-Thailand Visa-Free Travel Agreement Gets Cabinet Approval

COLOMBO, October 6, 2026 — The Cabinet of Ministers has approved a proposal to sign a visa exemption agreement between Sri Lanka and Thailand, allowing…

Energy Ministry Orders Companies to Maintain Minimum Fuel Stocks

Oct 6, 2026 4 weeks ago 2 min read
Energy Ministry Orders Companies to Maintain Minimum Fuel Stocks

COLOMBO, October 6, 2026 — Sri Lanka’s Energy Ministry has instructed relevant companies to maintain minimum fuel stock levels to ensure uninterrupted availability of petroleum…

Multilac Upgrades Colombo Municipal Council Day Care Centre for Children’s Day

Oct 5, 2026 4 weeks ago 2 min read
Multilac Upgrades Colombo Municipal Council Day Care Centre for Children’s Day

COLOMBO, October 5, 2026 — Multilac has completed a series of facility improvements at the Colombo Municipal Council Day Care Centre as part of a…

world

Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

Oct 8, 2026 4 weeks ago 3 min read
Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

WASHINGTON, October 8, 2026 — The Trump administration has proposed a major increase in fees for international students seeking work-based training in the United States,…

China’s Deflationary Pressures Deepen as Domestic Demand Remains Weak

Oct 6, 2026 4 weeks ago 3 min read
China’s Deflationary Pressures Deepen as Domestic Demand Remains Weak

BEIJING, October 6, 2026 — China’s economic recovery is facing mounting pressure as weak domestic demand, persistent industrial overcapacity and a prolonged property downturn continue…

Trump Says Iran Has ‘Virtually Given Up’ Plans for Nuclear Weapons

Oct 4, 2026 1 month ago 3 min read
Trump Says Iran Has ‘Virtually Given Up’ Plans for Nuclear Weapons

WASHINGTON, October 4, 2026 — US President Donald Trump has said Iran has “virtually given up” plans to develop nuclear weapons, offering a potentially significant…

UAE Says Flydubai Co-Pilot Attacked Captain in Suspected Terror Plot

Oct 3, 2026 1 month ago 2 min read
UAE Says Flydubai Co-Pilot Attacked Captain in Suspected Terror Plot

DUBAI, October 3, 2026 — The United Arab Emirates has said a Flydubai co-pilot allegedly attempted to carry out a terrorist attack aboard a flight…