SANKEN GEN Established as Independent International Group Following Five Decades of Construction Delivery Across Three Continents

Oct 19, 2026 1 week ago 3 min read
SANKEN GEN Established as Independent International Group Following Five Decades of Construction Delivery Across Three Continents

COLOMBO, October 19, 2026 — SANKEN GEN has been established as an independent international group, bringing together the Group’s overseas construction operations, real estate interests…

Sri Lanka’s AML Reforms Put Investor Confidence and International Banking Access in Focus

Oct 18, 2026 1 week ago 5 min read
Sri Lanka’s AML Reforms Put Investor Confidence and International Banking Access in Focus

COLOMBO, October 18, 2026 — Sri Lanka’s efforts to strengthen anti-money laundering (AML) controls and improve corporate transparency are gaining importance ahead of an upcoming…

Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

Oct 18, 2026 1 week ago 2 min read
Litro Gas Shipment Carrying 3,900 MT of LPG Scheduled to Arrive Today

COLOMBO, October 18, 2026 — Litro Gas Lanka Limited is expecting a shipment carrying 3,900 metric tonnes of liquefied petroleum gas (LPG) to arrive in…

Trump to Take Up to 60 Days to Review Russia Sanctions, Rubio Says

Oct 18, 2026 1 week ago 4 min read
Trump to Take Up to 60 Days to Review Russia Sanctions, Rubio Says

WASHINGTON, October 18, 2026 — US President Donald Trump will take up to 60 days to assess the economic implications of Russia-related sanctions and tariffs…

Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

Oct 17, 2026 1 week ago 4 min read
Sri Lanka and Japan Advance Industrial Corridor Plan During Industry Minister’s Tokyo Visit

TOKYO / COLOMBO, 17 October 2026 — Japan has reaffirmed its commitment to a roadmap for a Sri Lanka–Japan Export-Oriented Industrial Corridor following talks with…

Lanka IOC and Sinopec Raise Octane 95 Petrol Prices by Rs. 20 to Rs. 495

COLOMBO, October 26, 2026 — Lanka IOC and Sinopec have increased their Octane 95 petrol prices by Rs. 20 per…

BIZ BREAKING

IMF Urges Sri Lanka to Accelerate Reforms Amid Rising External Risks

Sep 23, 2026 1 month 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

Cabinet Awards Rs.2.89 Billion Baseline Road Extension Contract to Maga Engineering

Sep 30, 2026 4 weeks ago 3 min read
Cabinet Awards Rs.2.89 Billion Baseline Road Extension Contract to Maga Engineering

COLOMBO, September 30, 2026 — The Government has awarded a Rs.2.89 billion contract to Maga Engineering Ltd. for the third phase of the Baseline Road…

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

Sep 29, 2026 4 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 4 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 4 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…

ECONOMY

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…

CBSL Exchange Rates: US Dollar Selling Rate Rises to Rs. 336.92

Sep 17, 2026 1 month ago 1 min read
CBSL Exchange Rates: US Dollar Selling Rate Rises to Rs. 336.92

The Sri Lankan Rupee weakened slightly against the US Dollar on Thursday (17), with the Central Bank of Sri Lanka (CBSL) reporting an increase in…

Sri Lanka Economy Grows 4.2% in Second Quarter of 2026

Sep 16, 2026 1 month 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…

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

Rumesh Pathirage Strikes Asian Games Gold with 88.55m Javelin Throw

Sep 29, 2026 4 weeks ago 3 min read
Rumesh Pathirage Strikes Asian Games Gold with 88.55m Javelin Throw

SRI LANKA, September 29, 2026 — Sri Lankan javelin star Rumesh Pathirage has secured the Asian Games gold medal with a commanding 88.55-metre throw, capping…

Government Announces Rs. 41 Billion Fuel Subsidy for Three Months

Sep 28, 2026 4 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 4 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 4 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…

world

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…

India Steps Up Push to Become Global Semiconductor Manufacturing Hub

Sep 18, 2026 1 month ago 3 min read
India Steps Up Push to Become Global Semiconductor Manufacturing Hub

NEW DELHI, September 18, 2026 — Indian Prime Minister Narendra Modi has stepped up efforts to position India as a major global destination for semiconductor…

Oil Prices Set for Weekly Decline as Saudi Supply Concerns Ease

Sep 18, 2026 1 month ago 3 min read
Oil Prices Set for Weekly Decline as Saudi Supply Concerns Ease

LONDON, September 18, 2026 — Global oil prices are heading for a weekly decline after three consecutive weeks of gains, as concerns over disruptions to…