Business
Govt considering rice imports as farmers plan Colombo protest
Trade Minister Samarasinghe told MPs the government is weighing rice imports as Anuradhapura farmers plan a Colombo protest over agriculture policy.
Business
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Business
Rupee slides further to 333/335.50 spot on Wednesday, CBSL TT rate at 328 buying
Sri Lanka's rupee weakened to 333.00/335.50 in interbank spot on Wednesday and the CBSL telegraphic transfer buying rate rose to Rs.328 against the US dollar.
Business
Sri Lanka T-bill yields jump up to 48 basis points at June 3 auction
Sri Lanka's three-month T-bill yield rose 48 basis points to 9.84% at Wednesday's auction as the PDMO sold Rs.111.1 billion of bills of Rs.140 billion offered.
Business
US proposes 12.5% forced-labour tariff on Sri Lanka exports
USTR proposed a 12.5% additional duty on Sri Lankan exports under a 60-economy Section 301 finding on failure to bar goods made with forced labour.
Business
Vella Group signs USD 5.1mn BOI agreement to expand 98 Acres Resort in Ella
Vella Group has signed a USD 5.1 million BOI agreement to expand the 98 Acres Resort in Ella with 11 villas, 32 deluxe rooms and around 150 new jobs.
Business
CBSL launches 'Be Scam Proof' campaign as Governor warns of digital fraud surge
CBSL Governor Weerasinghe launched the 'Be Scam Proof' month, urging Question, Verify, Act as digital banking growth widens exposure to financial fraud.
Business
Inflation could rise to 7% as Middle East conflict drags on — CBSL Governor
Central Bank Governor Dr. Nandalal Weerasinghe warned Sri Lanka's inflation could climb to 7% from around 5.5% if Middle East conflict and fuel prices persist.
Business
Colombo stocks close down again after 100bp rate hike; ASPI sheds 87 points to 22,177
Colombo's ASPI closed 0.39% lower on Tuesday at 22,177.65 as the OPR hike kept fund flow tilted to fixed income, with Rs.2.02bn turnover led by capital goods.
Business
US dollar selling rate crosses Rs.336 at commercial banks
The US dollar's selling rate at commercial banks reached Rs.336.60 on Tuesday, up from Rs.335.70 a day earlier as the rupee continues a 5.4% YTD slide.
Business
EU project pushes eco-efficiency across Sri Lanka's industrial parks
An EU-funded Green Recovery Facility programme is training over 1,000 stakeholders on the Eco-Industrial Park concept, the EU Delegation in Colombo said.
Business
Sri Lanka's fuel import bill jumps from $186m in January to $521m in May — Jayatissa
Cabinet Spokesman Nalinda Jayatissa says fuel import costs nearly tripled between January and May as global oil prices surged, even as consumption stayed flat.
Business
Hanif Yusoof meets US Under Secretary of State Jacob Helberg in Washington to pitch Sri Lanka investment
Presidential Investment Envoy Hanif Yusoof has met US Under Secretary of State Jacob Helberg in Washington, pitching ports, logistics, energy and data centres.
Business
Papageorgiou says high-income status requires deep structural reform as IMF completes 5th and 6th review
IMF Mission Chief Papageorgiou says Sri Lanka needs deep structural reforms to escape the middle-income trap, after the Fund's combined 5th and 6th review.
Business
JUMVEA proposes chassis number rule for brand-new vehicle import LCs to close insider-knowledge loophole
JUMVEA chairman Jagath Ramanayake urges mandatory chassis numbers on brand-new vehicle import LCs, citing the recent advance-knowledge controversy.
Business
Cabinet approves Rs. 1.1 billion to restore Colombo–Katunayake Expressway lighting
The Cabinet approved a Rs. 1,098.5 million two-package project to restore Colombo–Katunayake Expressway lighting after theft and vandalism left 85% dark.
Business
Kelani Valley line services restricted June 6–7 for Cotta Road crossing repairs
Kelani Valley line trains between Colombo Fort and Narahenpita will stop from 9.30am Saturday to 7.30am Sunday for Cotta Road railway crossing rehabilitation.
Business
Kerner Haus Global Solutions to raise Rs.420mn in rights issue for property buys
CSE-listed real estate firm Kerner Haus Global Solutions will issue one new share for every four held at Rs.40 each to raise Rs.420mn for property.
Business
Litro to announce June gas price revision Friday, new prices from June 5
Litro Gas Lanka will reveal its June LPG price revision on Friday June 4 with new prices effective June 5, following an unchanged May revision.
Business
Cabinet awards Rs.827m Sapugaskanda lubricating oil contracts to Lanka IOC and Chevron
Lanka IOC will supply 316,000 litres for Plant A at Rs.392.47m and Chevron Lubricants Lanka 304,000 litres for Plant B at Rs.434.86m for 2026/27.
Business
Sri Lanka awards $6.04mn Mullikulam wind transmission lot to India's RS Infraprojects
Cabinet awarded a $6.04mn contract to India's RS Infraprojects to build Lot A of the Mullikulam wind power transmission project after competitive bidding.
Business
No bus fare hike despite fuel price rise, Deputy Minister Gunasena says
Deputy Transport Minister Prasanna Gunasena said bus fares will not be revised as the latest CPC fuel hike fell below the 4% threshold in the fare formula.
Business
Herath invites Melbourne investors to explore Port City Colombo at Victoria roundtable
FM Vijitha Herath invited Victorian investors to explore Port City Colombo at a Sri Lanka–Victoria Industry Roundtable hosted by Global Victoria in Melbourne.
Business
Cabinet approves Rs.1.4bn '10 Cities' redevelopment plan including AKD's Thambuttegama
Cabinet approved Rs.1,475mn for a 10 Cities Development Programme covering Jaffna, Matara and Thambuttegama, with 217 prioritised urban projects.
Business
Sampath Bank to open Port City branch as second bank inside SEZ
Sampath Bank will open a Colombo Port City branch in 16 designated currencies, becoming the second commercial bank to enter the SEZ after ComBank in May.