Business News
Business Upgrading of 76 rural roads begins under “Punarudayata Maga” programme
Today (01), the upgrade of 76 rural roads in Sri Lanka has officially started under the “Punarudayata Maga” (Path to Renaissance) programme. This initiative…
Business Bulgaria officially adopts euro, becoming 21st eurozone member
Bulgaria, the least wealthy nation in the European Union, has officially joined the eurozone, becoming its 21st member. This decision comes despite more…
Business Concessionary loan scheme announced to purchase paddy in Maha Season
A new loan program has been introduced for Small and Medium Scale Paddy Millers and Cooperative Societies in Sri Lanka, allowing them to buy paddy during the…
Business Sri Lanka CERT warns of growing cyber threats as complaints exceed 12,600 in 2025
The Sri Lanka Computer Emergency Readiness Team (Sri Lanka CERT) has recorded over 12,650 reports concerning social media misuse and cybersecurity issues in…
Business Duo nabbed at BIA while attempting to smuggle cigarettes worth over Rs. 11 million
Two men were caught trying to smuggle foreign-made cigarettes worth Rs. 11.3 million into Sri Lanka at the Bandaranaike International Airport (BIA). Airport…
Business Two Indian nationals arrested at BIA while attempting to smuggle smartphones and cigarettes
Airport Customs officers have arrested two Indian nationals who tried to smuggle smartphones and cigarettes into Sri Lanka. The men, aged 22 and 23, arrived at…
Business Pope Leo calls for kindness to strangers and the poor in Christmas message
Pope Leo reminded Christians that the Christmas story highlights the importance of supporting the less fortunate and strangers. During his Christmas Eve…
Business US judge rejects business group s challenge to Trump s $100,000 H-1B visa fee
A federal judge dismissed a challenge on Tuesday from the largest business group in the U.S. regarding President Donald Trump's $ 100 ,000 fee for new H-1B…
Business Western province accounts for 42% of country s nominal GDP- CBSL
The Western province has maintained its position as the largest contributor to Sri Lanka's nominal GDP, making up 42.4 percent in 2024, as reported by the…
Business Libya s top military chief killed in plane crash in Turkey
The leader of Libya's armed forces, along with four other senior military officials, tragically lost their lives on Tuesday, December 23, when their business…
Business Gold prices in Sri Lanka increase by another Rs. 2,000
Gold prices in Sri Lanka have gone up again, increasing by Rs. 2,000. This rise is linked to the sharp increase in global gold prices. Today, on the 24th, the…
Business Point Pedro UC bans use of polythene lunch sheets in hotels and food outlets
The Point Pedro Urban Council in Jaffna has completely banned polythene lunch sheets in hotels and food outlets within its area. This ban will start on January…
Business Damage from Cyclone Ditwah in Sri Lanka estimated at $4.1 billion – World Bank report
Cyclone Ditwah, which hit Sri Lanka in late November, has resulted in an estimated $4.1 billion in direct damage to buildings, agricultural areas, and vital…
Business Gold and silver hit records as investors hunt for safety
The price of gold has reached a new record, trading above $4,400 (£3,275) per ounce for the first time. Analysts point out that this rise is due to…
Business Duo arrested at BIA for attempting to smuggle gemstones to China
Two Sri Lankans were taken into custody at Bandaranaike International Airport (BIA) for trying to smuggle gemstones to China. They hid the gems in their…
Business Trump set to expand immigration crackdown in 2026 despite brewing backlash
U.S. President Donald Trump is set to launch a tougher immigration crackdown in 2026, backed by billions in new funding. This includes plans to increase raids…
Business Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah
A group of leading economists, including Nobel laureate Joseph Stiglitz, has urged that Sri Lanka should pause its debt repayments as the nation deals with the…
Business Govt managing the economy in a way that delivers tangible benefits to all Sri Lankans- PM Harini
Prime Minister Dr. Harini Amarasuriya emphasized that the current government aims to manage the economy to benefit all Sri Lankans , rather than just a select…
Business Seven dead in fatal plane crash including former NASCAR driver Greg Biffle
Seven individuals lost their lives on Thursday when a Cessna 550 business jet crashed in Statesville, North Carolina. Among the deceased is former NASCAR…
Business Supplementary sum of Rs. 500B to be presented to Parliament today
A supplementary budget of Rs. 500 billion will be introduced in Parliament today, December 18, 2025, to help those whose lives have been disrupted by a recent…
Business Julie Chung praises Starlink, Microsoft, and MIT for disaster relief efforts in Sri Lanka
Julie Chung, the US Ambassador to Sri Lanka, praised American companies and institutions for their help in Sri Lanka's recovery after Cyclone Ditwah. In a…
Business Govt to present Rs. 500B supplementary sum to Parliament tomorrow
A supplementary budget of Rs. 500 billion will be presented to the Parliament of Sri Lanka tomorrow, December 18. This funding is intended to help restore the…
Business Sri Lanka forecasts 5% growth in 2026, aided by post-cyclone reconstruction
Sri Lanka anticipates its economy will grow by over 5% in 2026, keeping pace with this year’s growth and surpassing IMF predictions. This growth is partly due…
Business Individual arrested at BIA with foreign cigarettes worth over Rs. 2.85 mln
A man was arrested at Bandaranaike International Airport (BIA) while trying to bring in a large amount of foreign cigarettes worth about Rs. 2.85 million. The…