ADB launches $50 billion Pan-Asia Power Grid Initiative as energy security risks mount
ADB President Masato Kanda launched PAGI in Manila to connect 22,000 km of transmission lines and integrate 20 GW of renewables across 22 economies by 2035.
ADB President Masato Kanda launched PAGI in Manila to connect 22,000 km of transmission lines and integrate 20 GW of renewables across 22 economies by 2035.
A Steering Committee spent almost seven months drafting recommendations to modernise the 1869 Customs Ordinance and Sri Lanka's revenue administration.
CBSL has gazetted a rule forcing goods exporters to convert residual foreign exchange proceeds into rupees by the 10th of the following month.
Sri Lanka's Central Bank set Tuesday's US dollar selling rate at Rs.342.08, up Rs.1.04 from Monday, as the spot market eased to 338.00/10 in interbank trade.
CoPF approves a five-year tax break for telecom towers operational from January 1, 2026, but blocks tax deductions on telcos' unpaid customer dues.
A petrol cargo arrives in Colombo on Wednesday and a 28,000-tonne diesel ship from Singapore on Thursday, with a third diesel vessel already unloading.
Colombo stocks ended Tuesday at ASPI 21,547 with the S&P SL20 ticking through the 6,000 mark, powered by a 6.8% surge in Dialog Axiata.
Colombo stocks recovered 178 points at 21,581.80 midday Tuesday, EconomyNext said, after Monday's 1.68% rate-hike selloff.
Expertise France is helping CBSL operationalise the 2022 Green Finance Taxonomy, with 200+ stakeholders trained in May on reporting and screening guidance.
Minister Wijepala said two probes — one narcotics-linked — found shell companies moved Rs. 25.89 billion abroad against imports that never arrived.
Kaduwela District Court has restrained Wimal Weerawansa from publishing further defamatory statements about Hayleys, its subsidiaries and its board.
The pact joins Tokyo's new Employment Programme for Skill Development from April 1 2027, expanding worker protections and a route to skilled-worker status.
Trade Ministry cuts onion, sugar, rice, lentil and milk-powder prices at Lanka Sathosa from Wednesday, citing Middle East-driven global price pressure.
Minister Handunetti told parliament the new National Mineral Policy will cover exploration to processing, replacing the 1999 framework and curbing raw exports.
Vijitha Herath says earlier sample-based surveys inflated tourism revenue figures and that the new methodology now captures real visitor spending.
The Rs. 2,144 million Anuradhapura South Multi-Modal Transport Centre, stalled by the economic crisis and restarted in 2024, is now in its final phase.
LPBOA chair Gemunu Wijeratne says the upcoming annual revision could push the minimum private bus fare above Rs. 35 without government relief.
The Ceylon Chamber will hold the 26th Sri Lanka Economic and Investment Summit on October 12-13, 2026, after a 2025 edition that drew over 850 participants.
New active cards in April fell to 12,999 from 22,473 in March; the base topped 2.22 million as Middle East tensions and fuel rationing weighed on spending.
Colombo stocks fell 1.68% at midday Monday with the ASPI now down 797 points since the May 26 OPR hike to 8.75%, EconomyNext said.
Brent crude rose 2.5% to $95.42 a barrel on Monday after Israel's renewed Lebanon strikes erased Friday's gains and pushed back any Hormuz reopening.
Sampath Bank's Port City branch is now open at the zone's Business Centre, marking the first banking transaction conducted inside Sri Lanka's SEZ.
Customs spokesperson Punchihewa said vehicle imports still contribute 30% of revenue, with monthly vehicle takings of Rs. 75–91 billion through May 28.
The DMT resumed vehicle number plate printing at 10am Monday at its Werahera premises, ending a more than year-long suspension that began in May 2025.