Business News
Business Paddy Marketing Board to release rice stocks through Sathosa and cooperative network
The Cabinet of Ministers in Sri Lanka has given the green light to process paddy stocks that were bought by the Paddy Marketing Board (PMB) and to sell the…
Business Technical Committee on Rules of Origin appointed to strengthen trade facilitation framework
Sri Lanka Customs has launched a new Technical Committee on Rules of Origin (TCRO) to update the country's trade rules and boost transparency in how Rules of…
Business Thailand and Cambodia agree to halt fighting, Trump says
US President Donald Trump announced that the prime ministers of Thailand and Cambodia will stop fighting "effective this evening." This statement came after he…
Business Gold prices in Sri Lanka increase by around Rs. 3,000 today
Gold prices in Sri Lanka went up by about Rs. 3,000 today due to a big rise in global gold prices. As of today, October 12, the world price for gold has grown…
Business ADB approves $200M to improve water, food security in North Central Sri Lanka
The Asian Development Bank (ADB) has sanctioned a loan of $200 million to assist the Mahaweli Development Program, which is the largest water resources project…
Business LNP - No concrete plan yet for SriLankan Airlines despite mounting losses
The government has yet to firm up any plan for restructuring SriLankan Airlines, the national carrier, but remains open to possible partnerships with the…
Business LNP - Sri Lanka’s inflation climbs to 2.1% in September
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.1% in September 2025, compared to 1.5% in August…
Business LNP - Inland Revenue exceeds tax collection target by September
Sri Lanka’s Inland Revenue Department (IRD) has surpassed its expected tax collection for the first nine months of 2025, recording 102 percent of the target by…
Business LNP - After Russia, China and France, India eyes nuclear partnership with Sri Lanka
Following similar expressions of interest from Russia, China, and France, India has also indicated its willingness to cooperate with Sri Lanka in developing…
Business LNP - Colombo Port generates Rs. 32 billion profit in first 8 months of 2025
The Colombo Port has recorded a net profit of Rs. 32.2 billion (after tax) during the first eight months of 2025, the Ministry of Transport, Highways, Ports,…
Business LNP - Vehicle imports surge – Less takers
Vehicle importers have reported a slowdown in demand for new vehicle purchases following a surge in imports over the past several months. They said the influx…
Business LNP - Sri Lanka ready for investment in offshore oil, gas extraction
Sri Lanka is ready to complete the selection of a marketing consultant this week to proceed with calling for bids for commercial extraction of offshore natural…
Business LNP - Importers object to Treasury proposal to release detained vehicles with 35% surcharge
Counsels representing a group of vehicle importers have raised objections before the Court of Appeal against a proposal submitted by the Treasury to impose a…
Business LNP - Nine months on: US $3.7Bn Sinopec investment in limbo
Despite the lapse of nine months since the signing of the MoU, the government is yet to finalise the proposed US $3.7 billion investment by China’s Sinopec for…
Business LNP - Govt aims to expand Sri Lanka’s digital economy to USD 15 billion: PM Harini
The foundation for realizing Sri Lanka’s vision of entering the digital era is developing the human resource that is compatible with modern technology and a…
Business LNP - Trump announces 100% tariff on branded or patented pharmaceutical imports from Oct 1
United States President Donald Trump announced on Thursday (Sep 25) new tariffs on pharmaceuticals, big-rig trucks, home renovation fixtures and furniture.…
Business LNP - NTB shares soar, CEO says HSBC deal underlines global shifts, local ascent
Nations Trust Bank PLC (NTB) shares closed up 22.72% yesterday, up Rs. 72.25 to Rs. 390.25, following Wednesday’s announcement of the bank’s proposed Rs. 18…
Business LNP - Controversial number plate tender to incur over Rs.516mn loss to Govt.
A multi-billion rupee government tender to supply vehicle number plates is mired in controversy after the two lowest bidders were disqualified on technical…
Business LNP - NTB announces Rs. 18 b deal for HSBC Sri Lanka’s retail banking business
Nations Trust Bank PLC (NTB) yesterday entered into a binding Sale and Purchase Agreement with Hong Kong and Shanghai Banking Corporation (HSBC), acting…
Business LNP - Is cryptocurrency legal in Sri Lanka? Central Bank Governor explains
Although Sri Lankans cannot use cryptocurrency for transactions in the country, investing in cryptocurrency or virtual currency has no legal impediment due to…
Business LNP - Indian market growth momentum drives 31% spike in Sept. tourist arrivals
Sri Lanka’s tourism sector has kicked off the autumn season with a 31 percent surge in arrivals, welcoming 111,823 tourists in the first three weeks of…
Business LNP - Sri Lanka’s Flaws Laid Bare as Losses Trigger Shake-Up
Sri Lanka walk into Abu Dhabi on Tuesday with no safety net left. Their Super Four clash against Pakistan is, in every sense, a must-win. Another slip, and…
Business LNP - Sri Lanka’s foreign currency ratings raised to ‘CCC+/C’
S&P Global Ratings on Friday raised its long- and short-term foreign currency sovereign credit ratings on Sri Lanka to ‘CCC+/C’ from ‘SD/SD’ (selective…
Business LNP - Paytm Founder calls on Sri Lanka to harness digital economy potential at Disrupt Asia 2025
India’s fintech giant, Paytm Founder and CEO Vijay Shekhar Sharma yesterday urged Sri Lanka to seize its moment to transform into a global digital economy hub.…