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,…

ASPI Surges 478 Points as CSE Turnover Tops Rs. 2 Billion in First Hour

COLOMBO, November 5, 2026 — Stocks rallied at the Colombo Stock Exchange during the first hour of trading today, with…

BIZ BREAKING

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…

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 2 months 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 2 months 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…

BUSINESS

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

Sep 29, 2026 1 month 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 1 month 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 1 month 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 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,…

ECONOMY

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

Sep 17, 2026 2 months 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 2 months 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…

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

Sep 14, 2026 2 months 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 2 months 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…

MARKETS

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

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…

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

Sep 27, 2026 1 month 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 1 month 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 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…

world

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…

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

Sep 20, 2026 2 months 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 2 months 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…