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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Gold prices in Sri Lanka increase by around Rs. 3,000 today

2025-12-12   |   Business

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 h...

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ADB approves $200M to improve water, food security in North Central Sri Lanka

2025-12-12   |   Business

The Asian Development Bank (ADB) has sanctioned a loan of $200 million to assist the Mahaweli Development Program, which is the largest water resource...

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LNP - Big Ticket Sri Lankan Winner in Riyadh: Banker Wins 250gm Gold Bar After Seven Years of Trying

2025-12-08   |   Business

The Big Ticket Sri Lankan Winner in Riyadh has become the talk of the town after a 63-year-old banker, Mohamed Nalim, struck gold in the popular Big T...

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LNP - No concrete plan yet for SriLankan Airlines despite mounting losses

2025-10-25   |   Business

The government has yet to firm up any plan for restructuring SriLankan Airlines, the national carrier, but remains open to possible partnerships with ...

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LNP - Appeals Court orders Customs to expedite probe into BYD motor capacity

2025-10-24   |   Business

The Court of Appeal today ordered Sri Lanka Customs to promptly conclude the investigation into the motor capacities of BYD vehicles currently detaine...

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LNP - Sri Lanka’s inflation climbs to 2.1% in September

2025-10-21   |   Business

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 A...

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LNP - Inland Revenue exceeds tax collection target by September

2025-10-17   |   Business

Sri Lanka’s Inland Revenue Department (IRD) has surpassed its expected tax collection for the first nine months of 2025, recording 102 percent of th...

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LNP - After Russia, China and France, India eyes nuclear partnership with Sri Lanka

2025-10-16   |   Business

Following similar expressions of interest from Russia, China, and France, India has also indicated its willingness to cooperate with Sri Lanka in deve...

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LNP - Colombo Port generates Rs. 32 billion profit in first 8 months of 2025

2025-10-09   |   Business

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,...

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LNP - Vehicle imports surge – Less takers

2025-10-09   |   Business

Vehicle importers have reported a slowdown in demand for new vehicle purchases following a surge in imports over the past several months. They said th...

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LNP - Sri Lanka ready for investment in offshore oil, gas extraction

2025-10-06   |   Business

Sri Lanka is ready to complete the selection of a marketing consultant this week to proceed with calling for bids for commercial extraction of offshor...

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LNP - Importers object to Treasury proposal to release detained vehicles with 35% surcharge

2025-10-02   |   Business

Counsels representing a group of vehicle importers have raised objections before the Court of Appeal against a proposal submitted by the Treasury to i...

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LNP - Nine months on: US $3.7Bn Sinopec investment in limbo

2025-10-01   |   Business

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 ...

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