Business
Rs. 1.34bn ADB-funded iRoad programme to upgrade 14 rural roads in Kalutara
The Asian Development Bank's Second Integrated Road Investment Programme will be launched June 13 under Health Minister Dr. Nalinda Jayatissa.
Business
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Business
Brent jumps 2.5% to $95.40 as Iran shuts Hormuz, US crude stockpiles drain
Oil rose over $2 a barrel after Iran's full Hormuz closure and fresh US strikes; American crude inventories have fallen 79 million barrels since the war began.
Business
Rupee closes at 336/337 to US dollar; bond yields broadly flat
The rupee closed at 336.00/337.00 in the spot market on Thursday, weaker from 332.25/75 the previous day, as bond yields held steady, dealers said.
Business
Sri Lanka tea exports to UAE grow 3.3% to 18.32m kg in 2025; Iraq remains top market
Iraq accounted for 15.31% of total Sri Lankan tea exports in 2025, followed by Russia at 8.39% and Türkiye at 8.27%, a senior tea-trade official said.
Business
SriLankan Airlines signs Saudi network deals with Saudia and Flynas
The codeshare-style partnerships expand connectivity through Riyadh and Dammam to 13 Saudia and 14 Flynas destinations including Karachi and Tashkent.
Business
CAA raises bottled water maximum retail prices in fresh gazette effective June 10
Consumer Affairs Authority raises MRPs across all bottled water sizes; 500ml–999ml rises to Rs. 80 and 5L–6.99L bottles to Rs. 400.
Business
Central Bank cancels Co-operative Leasing registration over compliance failures
CBSL revoked Co-operative Leasing Company's finance leasing registration from June 10 over repeated breaches of reporting and consolidation rules.
Business
Central Bank warns public over plantation investment scams promising high returns
CBSL warned investors to be wary of plantation schemes promising unusually high returns, stressing that company registration does not authorise public.
Business
Colombo 12 trader fined Rs. 500,000 for selling Keeri Samba above MRP
An Old Moor Street trader was fined Rs. 500,000 by the Colombo No. 5 Magistrate's Court after pleading guilty to selling Keeri Samba at Rs. 340 per kilo.
Business
CSE closes down 0.40% on Wednesday as CT Holdings and Janashakthi slide
Colombo's ASPI fell 0.40% to 21,461.63 on Wednesday with CT Holdings down 7.81% and turnover at Rs. 1.67 billion; Bukit Darah and JKH led gainers.
Business
Sri Lanka Customs beats May revenue target by 16%, hits Rs.1.14tn in five months
Customs collected Rs.217.9 billion in May against a Rs.187.8 billion target as five-month revenue cleared 44 percent above plan.
Business
Advocata's Fernando says aligning fuel prices with global rates is essential to ease rupee pressure
Dhananath Fernando says CBSL sold close to US$220mn in May to absorb liquidity; below-market fuel prices distort the rupee and strain state finances.
Business
Medicine prices likely to rise 6-7% on June 30, Health Minister tells EconomyNext
Health Minister Nalinda Jayatissa says NMRA will consider a 6-7% drug price revision on June 30 as the rupee has fallen around 8% in six months.
Business
PM Harini: Energy storage systems coming to hit 70% renewable target by 2030
PM Harini told Parliament the government will introduce energy storage systems to integrate 1,264 MW of wind and 2,071 MW of solar under the 2025–2030 plan.
Business
Indo-Lanka Chamber forum urges policy stability and credible investor engagement
ILCCI hosted a forum where Indian HC Pandey and Aritha Wickramasinghe stressed Sri Lanka's policy consistency and credibility for sustained Indian investment.
Business
Japan donates six refrigerated trucks under Rs. 1.25 million USD grant for fisheries cold chain
Japan handed over six refrigerated trucks and three ice machines under a 200 million Yen grant to cut post-harvest fish losses in Sri Lanka's North-East.
Business
Kuwait restricts domestic worker recruitment to 10 countries, Sri Lanka on approved list
Kuwait's Interior Ministry limits domestic worker hiring to 10 source countries including Sri Lanka, banning recruitment from 27 others.
Business
Mastercard names Sri Lankan executives to lead expanded five-market South Asia group
Sandun Hapugoda promoted Group Country Manager for Sri Lanka, Maldives, Bangladesh, Nepal and Bhutan; Mahesha Amarasuriya takes the Sri Lanka portfolio.
Business
47 parties bid for Mattala airport EOI; deadline extended one month at investor request
Ports Ministry extends the Mattala airport Expression of Interest deadline by a month after 47 parties initially respond to the call.
Business
Brent crude rises to $92.29 after US strikes Iran; eighth straight weekly draw on US stocks
Brent crude rose 0.9% off a seven-week low after Washington retaliated for the Apache downing; US crude inventories fell another 9.12mn barrels.
Business
Rupee surges 2.1% to Rs 330.15 after CBSL exporter conversion rule
Sri Lanka's rupee climbed 2.1% to Rs 330.15 on Wednesday after the Central Bank forced exporters to convert residual proceeds within 30 days.
Business
Dimal Arandara confirmed permanent Chairman of SriLankan Airlines
Treasury board representative Dimal Arandara has moved from Acting to permanent Chairman of SriLankan Airlines after a vacancy held open since March.
Business
Treasury bill yields jump 25–26 bp at Wednesday auction; only half of offered bills sold
PDMO sold only Rs. 71.74bn of an offered Rs. 140bn at the Wednesday auction as 3-month yields rose 25bp to 10.09% and 6-month rose 26bp to 10.27%.
Business
New Sri Lanka-based cargo airline WEAIR launches in Colombo with Boeing 737-800 freighter
Cargo carrier WEAIR launched in Colombo with Luxembourg-based IOTC backing and a Boeing 737-800 freighter, with Minister Vijitha Herath presiding.