Asian Stocks Rally as Anthropic IPO Filing Revives AI Optimism Ahead of Major Earnings

Oct 27, 2026 1 week ago 2 min read
Asian Stocks Rally as Anthropic IPO Filing Revives AI Optimism Ahead of Major Earnings

COLOMBO, October 27, 2026 — Asian equity markets rallied on Tuesday as Anthropic’s US initial public offering filing renewed enthusiasm for artificial intelligence investments, ahead…

LAUGFS Gas Explores Investment and Potential Stake Sale in Hambantota LPG Terminal

Oct 27, 2026 1 week ago 1 min read
LAUGFS Gas Explores Investment and Potential Stake Sale in Hambantota LPG Terminal

COLOMBO, October 27, 2026 — LAUGFS Gas PLC is exploring strategic options for its wholly owned subsidiary, LAUGFS Terminals Limited, including commercial partnerships, external investment…

Sri Lanka’s Exports Reach US$13.6 Billion in Nine Months as September Sets Monthly Record

Oct 27, 2026 1 week ago 2 min read
Sri Lanka’s Exports Reach US$13.6 Billion in Nine Months as September Sets Monthly Record

COLOMBO, October 27, 2026 — Sri Lanka’s total export earnings reached US$13.612 billion during the first nine months of 2026, supported by a record monthly…

Bolsonaro’s Party Recognises Lula Victory as Trump Questions Brazil Election Without Evidence

Oct 27, 2026 1 week ago 3 min read
Bolsonaro’s Party Recognises Lula Victory as Trump Questions Brazil Election Without Evidence

BRASÍLIA, October 27, 2026 — The Liberal Party of defeated Brazilian presidential candidate Flávio Bolsonaro has recognised Luiz Inácio Lula da Silva’s runoff victory, even…

Sri Lanka Navy Officer Honoured for Near-Perfect GPA and Awards at US Naval Postgraduate School

Oct 27, 2026 1 week ago 2 min read
Sri Lanka Navy Officer Honoured for Near-Perfect GPA and Awards at US Naval Postgraduate School

COLOMBO, October 27, 2026 — Sri Lanka Navy Lieutenant Commander Piyumi Kathriarachchi has been recognised for graduating with honours from the US Naval Postgraduate School,…

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

Sri Lanka Targets Saudi Capital for New Investment and Development Partnerships

Sep 29, 2026 1 month ago 5 min read
Sri Lanka Targets Saudi Capital for New Investment and Development Partnerships

COLOMBO, September 29, 2026 — Sri Lanka is stepping up efforts to attract Saudi investment into new development projects, seeking to transform its longstanding relationship with the Kingdom into a broader commercial partnership spanning investment, trade, infrastructure and private-sector development.…

Ending IMF Engagement After 2027 Could Put Sri Lanka’s Economic Recovery at Risk

Sep 27, 2026 1 month ago 4 min read
Ending IMF Engagement After 2027 Could Put Sri Lanka’s Economic Recovery at Risk

COLOMBO, September 27, 2026 — Sri Lanka could face renewed economic instability if it abandons its structural engagement with the International Monetary Fund (IMF) after the current programme ends in 2027, the Dinana Dakuna collective has warned. In a statement,…

Sri Lanka to Exit IMF Programme in 2027 — What It Means for Businesses and Investors

Sep 26, 2026 1 month ago 6 min read
Sri Lanka to Exit IMF Programme in 2027 — What It Means for Businesses and Investors

COLOMBO, September 26, 2026 — Sri Lanka plans to complete its current International Monetary Fund (IMF) Extended Fund Facility (EFF) programme in March 2027 without seeking another IMF programme linked to debt restructuring, Minister Bimal Rathnayake has said. The planned…

Sri Lanka Approves Rs.17.2 Billion Electricity Relief Package Amid Cost Pressures

Sep 24, 2026 1 month ago 3 min read
Sri Lanka Approves Rs.17.2 Billion Electricity Relief Package Amid Cost Pressures

COLOMBO, September 24, 2026 — Sri Lanka’s Parliament has approved a Rs.17.213 billion supplementary allocation to provide financial relief on electricity bills, in a move that could ease pressure on households and businesses while adding another significant policy intervention to…

BUSINESS

Pan Asia Bank’s Rs. 5 Billion Debenture Issue Oversubscribed on Strong Investor Demand

Oct 3, 2026 1 month ago 2 min read
Pan Asia Bank’s Rs. 5 Billion Debenture Issue Oversubscribed on Strong Investor Demand

B D A Perera, Chairman and Naleen Edirisinghe Director/CEO of Pan Asia Bank COLOMBO, October 3, 2026 — Pan Asia Banking Corporation PLC has secured…

ADB Approves $100 Million Loan to Strengthen Sri Lanka’s Skills and Youth Employment

Oct 2, 2026 1 month ago 3 min read
ADB Approves $100 Million Loan to Strengthen Sri Lanka’s Skills and Youth Employment

COLOMBO, October 2, 2026 — The Asian Development Bank (ADB) has approved a $100 million results-based loan to support Sri Lanka’s efforts to modernise its…

Port City Colombo Steps Up Gulf Investment Drive Across UAE, Oman and Qatar

Oct 1, 2026 1 month ago 4 min read
Port City Colombo Steps Up Gulf Investment Drive Across UAE, Oman and Qatar

ABU DHABI, October 1, 2026 — Port City Colombo is intensifying efforts to attract Gulf capital into Sri Lanka, with a seven-day investment roadshow across…

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

Sep 30, 2026 1 month 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…

ECONOMY

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

Sep 23, 2026 1 month 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 2 months 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 2 months 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 2 months 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 Ends Higher as Dialog Axiata, Melstacorp and Hayleys Gain

Sep 19, 2026 2 months ago 2 min read
CSE Ends Higher as Dialog Axiata, Melstacorp and Hayleys Gain

COLOMBO, September 19, 2026 — The Colombo Stock Exchange (CSE) closed higher, supported by price gains in counters including Dialog Axiata, Melstacorp and Hayleys, while…

CSE Indices End Lower as Key Stocks Decline

Sep 18, 2026 2 months 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 2 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…

Asia Asset Finance Raises Rs. 1.5 Billion Through Rights Issue

Sep 14, 2026 2 months 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

Paperless Customs Declaration Process Takes Effect Across Sri Lanka

Oct 1, 2026 1 month ago 2 min read
Paperless Customs Declaration Process Takes Effect Across Sri Lanka

COLOMBO, October 1, 2026 — Sri Lanka Customs has officially introduced its new Paperless Customs Declaration Process, marking a major step towards digitalising and modernising…

Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

Sep 30, 2026 1 month ago 3 min read
Sri Lanka and Australia Agree to Deepen Cooperation in Trade, Defence and Maritime Affairs

COLOMBO, September 30, 2026 — Sri Lanka and Australia have agreed to strengthen bilateral cooperation across trade, defence, education, agriculture and maritime affairs following high-level…

Rumesh Pathirage Strikes Asian Games Gold with 88.55m Javelin Throw

Sep 29, 2026 1 month 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 1 month 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…

world

Iran Pushes for Diplomacy After Trump Rejects Hormuz Peace Proposal

Sep 27, 2026 1 month ago 4 min read
Iran Pushes for Diplomacy After Trump Rejects Hormuz Peace Proposal

NEW YORK, September 27, 2026 — Iran is continuing to call for a negotiated settlement to its conflict with the United States and Israel after…

Netanyahu Defends Israel’s Military Actions as Dozens of UN Delegates Walk Out

Sep 25, 2026 1 month ago 4 min read
Netanyahu Defends Israel’s Military Actions as Dozens of UN Delegates Walk Out

NEW YORK, September 25, 2026 — Israeli Prime Minister Benjamin Netanyahu defended Israel’s military actions in Gaza and against Iran during a speech to the…

Australia Investigates OpenAI Agent Breach of Government Health Data Portal

Sep 24, 2026 1 month 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 1 month 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…