Cabinet Approves Rs. 3.33 Billion to Restore Cyclone-Damaged Roads

Nov 4, 2026 1 week ago 2 min read
Cabinet Approves Rs. 3.33 Billion to Restore Cyclone-Damaged Roads

COLOMBO, November 4, 2026 — The Cabinet of Ministers has approved three contracts totalling Rs. 3,334.28 million, excluding VAT and other applicable taxes, to rehabilitate…

LAUGFS Seeks Temporary Hambantota Terminal Access as Three LPG Shipments Due in November

Nov 4, 2026 1 week ago 3 min read
LAUGFS Seeks Temporary Hambantota Terminal Access as Three LPG Shipments Due in November

COLOMBO, November 4, 2026 — LAUGFS Gas PLC has requested three months of temporary permission to supply the domestic LPG market through its Hambantota terminal,…

JKH’s Attributable Profit Surges 213% to Rs. 5.17 Billion in Q2; PBT Reaches Rs. 7.95 Billion

Nov 4, 2026 1 week ago 4 min read
JKH’s Attributable Profit Surges 213% to Rs. 5.17 Billion in Q2; PBT Reaches Rs. 7.95 Billion

COLOMBO, November 4, 2026 — John Keells Holdings PLC (JKH) recorded a 213% increase in profit attributable to equity holders of the parent to Rs.…

Crypto Cannot Be Used for Domestic Payments, CBSL Governor Says

Nov 4, 2026 1 week ago 2 min read
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, Central Bank Governor Dr. Nandalal…

CAL Signs Deal to Acquire 51% of Hong Kong Fund Manager Asia Frontier Capital

Nov 3, 2026 1 week ago 3 min read
CAL Signs Deal to Acquire 51% of Hong Kong Fund Manager Asia Frontier Capital

COLOMBO, November 3, 2026 — Capital Alliance Holdings PLC (CAL) has signed an agreement to acquire a 51% stake in Hong Kong-based fund manager Asia…

Budget 2027 Targets Rs. 6.18 Trillion in Revenue and Grants, Deficit at 4.5% of GDP

COLOMBO, November 13, 2026 — Sri Lanka’s 2027 Budget estimates total government revenue and grants at Rs. 6,180 billion, with…

BIZ BREAKING

Sri Lanka Locks In 5% Inflation Target for Next Three Years

Oct 3, 2026 1 month ago 3 min read
Sri Lanka Locks In 5% Inflation Target for Next Three Years

COLOMBO, October 3, 2026 — Sri Lanka has formally locked in a 5% inflation target for the next three years, reinforcing price stability as the central anchor for monetary policy and providing businesses and investors with a clearer medium-term economic…

Govt Opens Rs. 95 Billion Financing Push for Businesses in Record Credit Drive

Oct 2, 2026 1 month ago 3 min read
Govt Opens Rs. 95 Billion Financing Push for Businesses in Record Credit Drive

COLOMBO, October 2, 2026 — Sri Lankan businesses are set to gain access to a record Rs. 95 billion in concessionary financing in 2026, with Rs. 25 billion specifically allocated to small and medium-sized enterprises (SMEs) as the government moves…

Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

Oct 1, 2026 1 month ago 3 min read
Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

COLOMBO, October 1, 2026 — Sri Lanka’s fuel subsidy and higher taxes on vehicle imports have helped contain inflationary pressure while limiting foreign exchange outflows, Central Bank Governor Dr. Nandalal Weerasinghe said. The measures have become key policy tools as…

Rs.160 Million Diesel Discrepancy at Lakvijaya Power Plant Triggers Internal Probe

Sep 30, 2026 1 month ago 4 min read
Rs.160 Million Diesel Discrepancy at Lakvijaya Power Plant Triggers Internal Probe

COLOMBO, September 30, 2026 — An internal investigation has been launched into a diesel discrepancy exceeding Rs.160 million at the Lakvijaya Power Plant in Norochcholai, raising concerns over fuel inventory controls, financial accountability and the management of public resources used…

BUSINESS

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

Oct 8, 2026 1 month 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…

CSE and Commercial Bank Join Forces to Expand Capital Market Access for Sri Lankan Businesses

Oct 7, 2026 1 month ago 3 min read
CSE and Commercial Bank Join Forces to Expand Capital Market Access for Sri Lankan Businesses

COLOMBO, October 7, 2026 — The Colombo Stock Exchange (CSE) and Commercial Bank of Ceylon PLC have entered into a Memorandum of Understanding (MoU) to…

City of Dreams Sri Lanka to Host Mercedes-Benz Fashion Week, Strengthening Colombo’s Regional Creative Position

Oct 6, 2026 1 month ago 4 min read
City of Dreams Sri Lanka to Host Mercedes-Benz Fashion Week, Strengthening Colombo’s Regional Creative Position

Cinnamon Hotels & Resorts Senior Vice President-Colombo Hotels and Cinnamon Life at City of Dreams Sri Lanka General Manager Kamal Munasinghe (right) with AOD Founder…

AkzoNobel to Sell Southeast Asia Paints Business to Nippon Paint for $1.35 Billion

Oct 5, 2026 1 month ago 3 min read
AkzoNobel to Sell Southeast Asia Paints Business to Nippon Paint for $1.35 Billion

COLOMBO, October 5, 2026 — AkzoNobel has agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, marking a major…

ECONOMY

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…

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…

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

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

Oct 5, 2026 1 month 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…

Govt. Targets Digital Connectivity for All Secondary Schools by Year-End: PM

Oct 4, 2026 1 month ago 3 min read
Govt. Targets Digital Connectivity for All Secondary Schools by Year-End: PM

COLOMBO, October 4, 2026 — The Government is working to provide digital connectivity to secondary schools across Sri Lanka by the end of this year,…

Sri Lanka’s Unemployment Rate Rises to 4% in Q2 2026

Oct 3, 2026 1 month ago 1 min read
Sri Lanka’s Unemployment Rate Rises to 4% in Q2 2026

COLOMBO, October 3, 2026 — Sri Lanka’s unemployment rate increased to 4.0% in the second quarter of 2026, up from 3.8% during the corresponding quarter…

Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

Oct 2, 2026 1 month ago 2 min read
Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

COLOMBO, October 2, 2026 — A Rs. 22.017 billion development project aimed at strengthening irrigation and water security in Monaragala is expected to benefit approximately…

world

Russia Launches Largest Attack on Ukraine Energy Infrastructure Since Spring

Oct 1, 2026 1 month ago 4 min read
Russia Launches Largest Attack on Ukraine Energy Infrastructure Since Spring

KYIV, October 1, 2026 — Russia has launched its largest attack on Ukraine’s energy infrastructure since the spring, targeting Kyiv and several other regions in…

US Forces Complete Iraq Withdrawal, Raising Concerns Over Iran’s Growing Influence

Sep 30, 2026 1 month ago 4 min read
US Forces Complete Iraq Withdrawal, Raising Concerns Over Iran’s Growing Influence

BAGHDAD, September 30, 2026 — The United States is completing the withdrawal of its forces from their remaining bases in Iraq, ending more than two…

Cathay Pacific Extends Middle East Passenger Flight Suspensions to January 2027

Sep 29, 2026 2 months ago 2 min read
Cathay Pacific Extends Middle East Passenger Flight Suspensions to January 2027

HONG KONG, September 28, 2026 — Cathay Pacific has extended the suspension of its passenger services to parts of the Middle East, cancelling flights to…

Iran Pushes for Diplomacy After Trump Rejects Hormuz Peace Proposal

Sep 27, 2026 2 months 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…