Business
Expressways take Rs. 124 million in two days as Poya long weekend travel peaks
More than 325,000 vehicles used Sri Lanka's expressways on 26 and 27 August. Traffic fell on the second day while revenue rose Rs. 3.75 million.
Business
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Business
IMF team due in Sri Lanka next month for seventh EFF review
An IMF delegation will conduct the seventh review of Sri Lanka's Extended Fund Facility in September, with about USD 330 million riding on the outcome.
Business
Sri Lanka to reapply for EU GSP+ by end of 2028, Foreign Minister says
Vijitha Herath says Sri Lanka will seek re-entry to the EU's GSP+ trade scheme by end-2028, as Brussels' envoy urges Colombo to apply and use it fully.
Business
Jaffna restaurant fined Rs. 950,000 over Rs. 200 water bottle
A Jaffna restaurant was fined Rs. 950,000 for selling a one-litre water bottle at Rs. 200 against a maximum retail price of Rs. 120, in a repeat offence.
Business
Premium vehicle registrations fall to 115 in July as luxury demand cools
Brand-new premium registrations slipped to 20 units in July and pre-owned to 95, while SUV and crossover registrations dropped a quarter from June.
Business
Large rooftop solar ordered off the grid daily until Sunday
Rooftop solar systems above 300 kW must stop generating from 8 a.m. to 3 p.m. daily through Sunday as holiday demand falls, the grid operator says.
Business
Sri Lanka 120th of 130 countries in global minimum wage ranking
Sri Lanka ranks 120th of 130 countries for purchasing-power-adjusted minimum wage at $200 a month, placing it below India, Bangladesh, Nepal and Pakistan.
Business
Economy has almost returned to pre-crisis level, Central Bank Governor says
Nandalal Weerasinghe says revenue-to-GDP has nearly doubled in three years, with talks under way with all three major rating agencies.
Business
Sri Lanka to hold first FinTech Festival in Colombo in November
The inaugural Sri Lanka FinTech Festival runs November 2-3 at Shangri-La Colombo, organised by the Fintech Forum with the Digital Economy Ministry.
Business
Iranian tankers idle off Galle as US blockade strands Iran's fleet
13-20 Iranian-flagged tankers idle off Galle amid US blockade. Ports Ministry claims unaware of tanker build-up outside territorial waters.
Business
July tea exports fall 15% as Middle East disruption deepens
Volumes dropped to 20.41 million kg in July and every category but instant tea shrank, while a stronger rupee price masked a weaker dollar realisation.
Business
Sri Lanka to host South East Asia Rotaract summit for the first time
The SEARIC Summit runs September 11-13 at the Pegasus Reef Hotel and is expected to draw more than 500 delegates from six countries.
Business
CPC to seek investors for 29 idle Trincomalee oil tanks in re-export hub push
Ceylon Petroleum Corporation will seek long-term lease proposals on 29 unused Trincomalee tanks, part of the 61 held by the CPC–Lanka IOC venture.
Business
Cabinet clears 300,000 smart meters under US$12.5m ADB allocation
Electricity Distribution Lanka will install 300,000 Time-of-Use smart meters over two years, funded from the remainder of a US$15m ADB concessional loan.
Business
Cabinet approves Rs. 104.9bn to link Central Expressway to local road network
Some 283km of connecting roads will tie Sections I, III and IV of the Central Expressway into the existing network across three provinces by 2030.
Business
Cabinet approves National Business Facilitation Centre to cut investment approval delays
A new centre under the Presidential Secretariat will coordinate investment approvals now scattered across separate agencies, but will not replace the BOI.
Business
Cabinet approves China-funded rebuild of 14 Cyclone Ditwah bridges
China will provide a grant of RMB 79 million to rebuild 14 bridges damaged by Cyclone Ditwah across five provinces, the Cabinet has decided.
Business
Rs. 3 billion released for drought-hit farmers as damage nears 8,000 acres
The government has allocated Rs. 3 billion in insurance compensation as El Niño crop damage spreads across five districts and 7,000 farmers.
Business
El Niño drought could hit growth through power and food imports, analyst warns
Dhananath Fernando says lost hydropower would force coal and diesel purchases that press on the rupee, with agriculture and rice supply also exposed.
Business
QR fuel system to stay in place as Middle East crisis drags on
Cabinet Spokesman Nalinda Jayatissa says the QR-based fuel quota system remains necessary while the Strait of Hormuz keeps global oil prices unstable.
Business
Rice millers to get interest-free loans of up to Rs. 25 million this week
Government extends interest-free loans to rice millers for Yala paddy; Agriculture Minister says Rs. 120 guaranteed price has limits.
Business
Jetstar's first Melbourne–Colombo flight lands at Katunayake
Flight JQ005 touched down with 271 passengers on Tuesday evening, opening a three-times-weekly Boeing 787 service between Melbourne and Colombo.
Business
Sri Lanka opens four Mannar Basin blocks to international oil and gas bidders
The Petroleum Development Authority launched its licensing round on Tuesday, offering four offshore blocks ranging from 5,689 to 11,728 square kilometres.
Business
Paddy Marketing Board buys 45,362MT of Yala paddy, overshooting its season target
State paddy purchases have passed the 39,500-tonne target set in July by nearly 6,000 tonnes, the Cabinet spokesman said.