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 News
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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…
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 Sri Lanka records USD 7.19B remittances in first 11 months of 2025
Sri Lanka saw workers’ remittances total USD 673.4 million in November 2025, as reported by the Central Bank of Sri Lanka (CBSL). From January to November…
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 - BYD clarifies global vehicle recall does not affect Sri Lanka
Chinese electric vehicle manufacturer BYD has clarified that its recently announced global vehicle recall does not apply to Sri Lanka, assuring local customers…
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 - Credit card spend picks up in August with card debt rising Rs.2.9bn
Sri Lankan credit card holders stepped up spending in August, reflecting rising consumer confidence and improving household incomes amid an expanding economy.…
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 - Foreign remittances reach $695 million in September
The Central Bank of Sri Lanka (CBSL) has stated that Sri Lankan migrant workers sent a total of US $695.7 million in remittances to the country in September…
Business LNP - PUCSL to announce final decision on electricity tariff revision on Oct 14
The Public Utilities Commission of Sri Lanka (PUCSL) announced that its final decision on the proposed revision of electricity tariffs will be made public on…
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 - Chinese EV giant BYD sees UK sales soar by 880%
Chinese car making giant BYD says the UK has become its biggest market outside China, after its sales there surged by 880% in September compared to a year…
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 - ASPI surpasses 22,000 points for first time in history
The Colombo Stock Exchange (CSE) crossed the 22,000 mark for the first time, driven by strong investor sentiment and heavy activity in the Banking and…
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…