Concessionary loan scheme announced to purchase paddy in Maha Season

2026-01-01   |   Business

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 dur...

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Sri Lanka CERT warns of growing cyber threats as complaints exceed 12,600 in 2025

2026-01-01   |   Business

The Sri Lanka Computer Emergency Readiness Team (Sri Lanka CERT) has recorded over 12,650 reports concerning social media misuse and cybersecurity iss...

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Duo nabbed at BIA while attempting to smuggle cigarettes worth over Rs. 11 million

2025-12-29   |   Business

Two men were caught trying to smuggle foreign-made cigarettes worth Rs. 11.3 million into Sri Lanka at the Bandaranaike International Airport (BIA). A...

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Two Indian nationals arrested at BIA while attempting to smuggle smartphones and cigarettes

2025-12-29   |   Business

Airport Customs officers have arrested two Indian nationals who tried to smuggle smartphones and cigarettes into Sri Lanka. The men, aged 22 and 23, a...

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Pope Leo calls for kindness to strangers and the poor in Christmas message

2025-12-25   |   Business

Pope Leo reminded Christians that the Christmas story highlights the importance of supporting the less fortunate and strangers. During his Christmas E...

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US judge rejects business group s challenge to Trump s $100,000 H-1B visa fee

2025-12-24   |   Business

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...

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Western province accounts for 42% of country s nominal GDP- CBSL

2025-12-24   |   Business

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...

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Libya s top military chief killed in plane crash in Turkey

2025-12-24   |   Business

The leader of Libya's armed forces, along with four other senior military officials, tragically lost their lives on Tuesday, December 23, when their b...

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Gold prices in Sri Lanka increase by another Rs. 2,000

2025-12-24   |   Business

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 2...

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Point Pedro UC bans use of polythene lunch sheets in hotels and food outlets

2025-12-23   |   Business

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 o...

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Damage from Cyclone Ditwah in Sri Lanka estimated at $4.1 billion – World Bank report

2025-12-23   |   Business

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...

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Gold and silver hit records as investors hunt for safety

2025-12-23   |   Business

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 e...

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Duo arrested at BIA for attempting to smuggle gemstones to China

2025-12-22   |   Business

Two Sri Lankans were taken into custody at Bandaranaike International Airport (BIA) for trying to smuggle gemstones to China. They hid the gems in the...

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Trump set to expand immigration crackdown in 2026 despite brewing backlash

2025-12-22   |   Business

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 increa...

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Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah

2025-12-22   |   Business

A group of leading economists, including Nobel laureate Joseph Stiglitz, has urged that Sri Lanka should pause its debt repayments as the nation deals...

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Govt managing the economy in a way that delivers tangible benefits to all Sri Lankans- PM Harini

2025-12-22   |   Business

Prime Minister Dr. Harini Amarasuriya emphasized that the current government aims to manage the economy to benefit all Sri Lankans, rather than just a...

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Seven dead in fatal plane crash including former NASCAR driver Greg Biffle

2025-12-19   |   Business

Seven individuals lost their lives on Thursday when a Cessna 550 business jet crashed in Statesville, North Carolina. Among the deceased is former NAS...

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Supplementary sum of Rs. 500B to be presented to Parliament today

2025-12-18   |   Business

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 ...

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Julie Chung praises Starlink, Microsoft, and MIT for disaster relief efforts in Sri Lanka

2025-12-18   |   Business

Julie Chung, the US Ambassador to Sri Lanka, praised American companies and institutions for their help in Sri Lanka's recovery after Cyclone Ditwah. ...

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Govt to present Rs. 500B supplementary sum to Parliament tomorrow

2025-12-17   |   Business

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 res...

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Sri Lanka forecasts 5% growth in 2026, aided by post-cyclone reconstruction

2025-12-17   |   Business

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 ...

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Individual arrested at BIA with foreign cigarettes worth over Rs. 2.85 mln

2025-12-16   |   Business

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 mill...

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Paddy Marketing Board to release rice stocks through Sathosa and cooperative network

2025-12-16   |   Business

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 sel...

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Technical Committee on Rules of Origin appointed to strengthen trade facilitation framework

2025-12-15   |   Business

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 R...

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Thailand and Cambodia agree to halt fighting, Trump says

2025-12-13   |   Business

US President Donald Trump announced that the prime ministers of Thailand and Cambodia will stop fighting "effective this evening." This statement came...

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