IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

Oct 17, 2026 1 week ago 5 min read
IMF Signals Continued Support for Sri Lanka Beyond March 2027 Programme Expiry

COLOMBO, October 17, 2026 — The International Monetary Fund (IMF) has signalled its readiness to continue supporting Sri Lanka beyond the expiry of its current…

Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

Oct 17, 2026 1 week ago 2 min read
Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

COLOMBO, October 17, 2026 — Sri Lankan developers Prime Lands and Melwa have signed a Sales and Purchase Agreement (SPA) for a new mixed-use development…

Colombo Port Handles US$30 Billion in U.S.-Related Cargo Annually

Oct 17, 2026 1 week ago 4 min read
Colombo Port Handles US$30 Billion in U.S.-Related Cargo Annually

COLOMBO, October 17, 2026 — The Port of Colombo handles an estimated US$30 billion worth of U.S.-related cargo annually, highlighting its strategic importance to international…

Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

Oct 17, 2026 1 week ago 2 min read
Rs. 3.09 Billion Surgical Ward Complex Planned for Tangalle Hospital

TANGALLE, October 17, 2026 — A nine-storey surgical ward complex estimated to cost Rs. 3.09 billion is planned for Tangalle Base Hospital as part of…

CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

Oct 17, 2026 1 week ago 2 min read
CSE Closes Higher as Dialog Axiata, Distilleries Lead Gains; Weekly Indices Remain Lower

COLOMBO, October 17, 2026 — Sri Lanka’s stock market ended the week on a positive note, with gains in counters such as Dialog Axiata, Distilleries…

BIZ BREAKING

Cabinet Approves US$112 Million Waterfront Investment in Colombo Port City

Sep 16, 2026 1 month ago 2 min read
Cabinet Approves US$112 Million Waterfront Investment in Colombo Port City

COLOMBO, September 16, 2026 — The Cabinet of Ministers has approved a major investment proposal that will see Prime Melwa (Pvt) Ltd develop a landmark mixed-use waterfront project within Colombo Port City. The company has been approved for designation as…

Sri Lanka Stocks Show Signs of Recovery as CSE Trading Remains Volatile

Sep 14, 2026 1 month ago 3 min read
Sri Lanka Stocks Show Signs of Recovery as CSE Trading Remains Volatile

COLOMBO, September 14, 2026 — Sri Lanka’s stock market showed signs of recovery during Monday’s trading session, with the Colombo Stock Exchange (CSE) benchmarks moving into positive territory after a softer start. The All Share Price Index (ASPI), the benchmark…

CBSL Urges Sri Lanka to Strengthen Foreign Reserves Before the Next Economic Shock

Sep 11, 2026 2 months ago 3 min read
CBSL Urges Sri Lanka to Strengthen Foreign Reserves Before the Next Economic Shock

Sri Lanka must use periods of economic stability to strengthen its foreign exchange reserves and build a stronger financial buffer against future external shocks, Central Bank Governor Dr. Nandalal Weerasinghe said. Speaking at the inaugural Reserve Management Conference 2026 in…

BUSINESS

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

Sep 26, 2026 1 month 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,…

Fairway Expands East Coast Footprint with Trincomalee Beach Resort Takeover

Sep 25, 2026 1 month ago 4 min read
Fairway Expands East Coast Footprint with Trincomalee Beach Resort Takeover

TRINCOMALEE, September 25, 2026 — Fairway Holdings is expanding its presence in Sri Lanka’s tourism industry with a long-term hotel management agreement for Trincomalee Beach…

Sri Lanka’s Agrifood Sector Has Major Export Potential Through High-Value Agriculture and Processing

Sep 24, 2026 1 month ago 5 min read
Sri Lanka’s Agrifood Sector Has Major Export Potential Through High-Value Agriculture and Processing

COLOMBO, September 24, 2026 — Sri Lanka’s agrifood sector has significant potential to become a stronger driver of export growth, investment and higher-productivity employment if…

Sri Lanka’s Exports Cross US$12 Billion in First Eight Months of 2026

Sep 23, 2026 1 month ago 3 min read
Sri Lanka’s Exports Cross US$12 Billion in First Eight Months of 2026

COLOMBO, September 23, 2026 — Sri Lanka’s total exports surpassed the US$12 billion milestone during the first eight months of 2026, reaching an estimated US$12.01…

ECONOMY

Sri Lanka’s Foreign Reserves Rise to US$6.9 Billion on Record Dollar Purchases

Sep 14, 2026 1 month ago 4 min read
Sri Lanka’s Foreign Reserves Rise to US$6.9 Billion on Record Dollar Purchases

Sri Lanka’s gross official foreign reserves increased to a provisional US$6.9 billion by the end of August 2026, reaching their highest level in five months…

Colombo Port Capacity to Increase by 1.5 Million TEUs as Sri Lanka Targets Continued Growth

Sep 13, 2026 1 month ago 5 min read
Colombo Port Capacity to Increase by 1.5 Million TEUs as Sri Lanka Targets Continued Growth

COLOMBO — Colombo Port is set to expand its handling capacity by a further 1.5 million twenty-foot equivalent units (TEUs), as Sri Lanka moves to…

Sri Lanka Inflation Rises to 8% as Food Prices Drive August Increase

Sep 11, 2026 2 months ago 2 min read
Sri Lanka Inflation Rises to 8% as Food Prices Drive August Increase

Sri Lanka’s headline inflation accelerated to 8.0% in August 2026, up from 7.3% in July, with rising food prices making the biggest contribution to the…

MARKETS

Sri Lanka stocks trend up Friday, Kotagala to absorb subsidiary

Sep 8, 2026 2 months ago 2 min read
Sri Lanka stocks trend up Friday, Kotagala to absorb subsidiary

Sri Lanka’s Colombo Stock Exchange indices were trading up on Friday morning, CSE data showed, with the benchmark All Share Price Index moving up 0.37…

Sri Lanka rupee at 328.20/40 to US dollar spot, bond yields flat

Sep 8, 2026 2 months ago 1 min read
Sri Lanka rupee at 328.20/40 to US dollar spot, bond yields flat

Sri Lanka’s rupee was quoted at 328.20/40 to the US dollar in the spot market on Monday, while bond yields were steady, dealers said. A…

NATION

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

Sep 26, 2026 1 month 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…

Parliament to Vote Today on 22nd Amendment and Judicature Amendment Bills

Sep 25, 2026 1 month ago 2 min read
Parliament to Vote Today on 22nd Amendment and Judicature Amendment Bills

COLOMBO, September 25, 2026 — Parliament is scheduled to vote today on the Twenty-Second Amendment to the Constitution Bill and the Judicature (Amendment) Bill, as…

Second Reading Debate on 22nd Amendment Underway in Parliament

Sep 24, 2026 1 month ago 3 min read
Second Reading Debate on 22nd Amendment Underway in Parliament

COLOMBO, September 24, 2026 — The Second Reading debate on the proposed 22nd Amendment to the Constitution Bill commenced in Parliament today, with Minister of…

SLIM DIGIS 2.6 Brings Sri Lanka’s Digital Marketing Industry Into the Global Spotlight

Sep 23, 2026 1 month ago 3 min read
SLIM DIGIS 2.6 Brings Sri Lanka’s Digital Marketing Industry Into the Global Spotlight

COLOMBO, September 23, 2026 — Sri Lanka’s digital marketing industry gathered at Monarch Imperial, Colombo, on September 22 for the grand finale of SLIM DIGIS…

world

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

Sep 17, 2026 1 month ago 2 min read
Zhang Yiming Becomes Asia’s Richest Person Driven by ByteDance’s AI Surge

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, 2026 1 month ago 3 min read
US Reportedly Moves Toward $2.8 Billion Arms Package for Israel

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…

India’s BRICS Chairship Produces More Than 50 New Initiatives

Sep 14, 2026 1 month ago 5 min read
India’s BRICS Chairship Produces More Than 50 New Initiatives

India’s BRICS chairship has resulted in more than 50 initiatives covering a wide range of areas, including counterterrorism, artificial intelligence, digital infrastructure, health security, trade,…

BRICS Summit 2026: New Delhi Declaration Signals Deeper Trade, Local-Currency Payments and a More Integrated Emerging-Market Economy

Sep 13, 2026 1 month ago 12 min read
BRICS Summit 2026: New Delhi Declaration Signals Deeper Trade, Local-Currency Payments and a More Integrated Emerging-Market Economy

xNEW DELHI, September 13, 2026 — BRICS leaders adopted the New Delhi Declaration on Saturday, the first day of the 18th BRICS Summit, setting out…