Business
CPC raises all fuel prices from midnight May 30 in surprise revision
Sri Lanka's CPC raised petrol, diesel and kerosene prices from midnight May 30, with petrol 95 up Rs.25 and 92 up Rs.24 — a day after MD said no reduction.
Business
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Business
Sri Lanka Customs beats May revenue target for fifth straight month
Customs collected Rs.100.1bn in 26 days of May, hitting the Rs.187.8bn target early as fifth-month streak builds to 51 percent of annual goal.
Business
China Harbour Engineering plans to hire 2,000 Sri Lankan workers for Dubai airport expansion
CHEC met with Sri Lanka's Dubai consulate to discuss recruiting 2,000 skilled and semi-skilled workers for the Al Maktoum International Airport expansion.
Business
Foreigners sell $22.5mn in Sri Lanka bonds — third consecutive week of outflows
Foreign investors sold a net Rs.7.328bn ($22.55mn) in Sri Lanka government securities in the week ended May 27, taking three-week outflows past $51mn.
Business
Sri Lanka construction activity contracts in April on raw material costs and labour shortages
Sri Lanka's Construction PMI fell to 45.7 in April as petrochemical input shortages and labour gaps slowed work, even as road projects kept new orders high.
Business
Sri Lanka current account slips to deficit in April as fuel and vehicle imports drive trade gap
Sri Lanka's current account flipped to deficit in April as the trade gap hit $3.7bn for Jan-Apr, fuel imports surged and tourist earnings fell 38.8%.
Business
Aitken Spence Printing wins WorldStar 2026 award in Luxury Packaging
Aitken Spence Printing is the first Sri Lankan offset printer to win a WorldStar Award, taking the 2026 Luxury Packaging category at the Düsseldorf event.
Business
AKD warns of dollar-crisis risk, flags Investment Protection Act and 25% US export dependency
President Dissanayake said an Investment Protection Act will be rushed through Parliament and warned 25% US export exposure leaves Sri Lanka vulnerable.
Business
Rupee down 5.4% YTD as CBSL reports reserves at $6.77bn end-April
The rupee has weakened 5.4% against the US dollar in 2026, with gross official reserves at $6.77 billion at end-April, the CBSL Weekly Indicators show.
Business
Ceylon Chamber welcomes IMF review approval, urges Colombo to sustain reform momentum
Ceylon Chamber welcomed the IMF Board's approval of Sri Lanka's combined fifth and sixth EFF reviews and urged the government to sustain reform momentum.
Business
Colombo inflation edges up to 5.5% in May from 5.4% in April
Sri Lanka's headline CCPI rose to 5.5% in May from 5.4% in April as non-food inflation climbed to 7.8% while food inflation eased sharply to 0.9%.
Business
CPC bleeds Rs.367 per litre on diesel as fuel cost structure laid bare
Ministry of Energy data shows Ceylon Petroleum losing Rs.35 per litre on Petrol 92, Rs.367 on Auto Diesel and Rs.325 on Kerosene against May import costs.
Business
CPC says fuel reserves sufficient through September, price review on Monday
CPC says fuel reserves are sufficient through September, with a US 89,000 MT tanker just in and another due 31 May; a fuel price decision is set for Monday.
Business
No fuel price reduction in June revision, CPC MD Neththikumarage signals
CPC MD says global prices remain above pre-Middle East-conflict levels; June revision shifts to today as the May 31 deadline falls on a Sunday.
Business
CSE closes week up 1.7%, Aitken Spence Q1 profit jumps 25.2% to Rs.3.81bn
Colombo's ASPI gained 381 points over the week to close at 22,310.80, while Aitken Spence reported a 25.2% jump in Q1 profit and declared a Rs.4 dividend.
Business
Papageorgiou says debt risks remain elevated but Sri Lanka's trajectory is improving
IMF Mission Chief Papageorgiou says Sri Lanka's debt risks remain elevated but the trajectory is improving after the combined fifth and sixth review approval.
Business
Japan funds $1.33 million project to revive Eastern Province freshwater fisheries
Japan and FAO launched a USD 1.33 million project to restore Eastern Province freshwater fisheries after Cyclone Ditwah, with 200 fish cages on 30 reservoirs.
Business
NSB Group posts Rs. 11.8bn Q1 2026 PBT as core income climbs 8.1%
NSB Group posted Q1 2026 PBT of Rs. 11.8bn and net interest income up 8.1% to Rs. 21.8bn, rounding out the Q1 results season for major Sri Lankan banks.
Business
Plantation Ministry opens Phase 2 of state estate land investor program
Sri Lanka opened Phase 2 of its plantation investor program, offering estate land, tea factories and bungalows in seven districts to local and foreign bidders.
Business
Rupee falls Rs.4 in a single day as USD selling rate climbs past Rs.334
The Sri Lankan rupee fell Rs.4 against the US dollar on Friday, with the CBSL selling rate climbing to Rs.334.24 — the sharpest single-day move this cycle.
Business
SLPA eyes $2bn in port investments to ease Colombo capacity crunch
SLPA Chairman Dr. Parakrama Dissanayake says the port sector can attract $2bn over one to three years through expansion, logistics infrastructure and PPPs.
Business
Sri Lanka's April fuel import bill jumps 150% to $886mn on Middle East shock
Sri Lanka's April fuel import bill surged 149.9% year-on-year to $886mn — 36% of total monthly imports — as Middle East conflict lifted prices.
Business
Sri Lanka 2026 tourist arrivals reach 1,010,807 through May 28, SLTDA confirms
SLTDA puts 2026 tourist arrivals at 1,010,807 through May 28, with India leading May at 56,063 and arrivals easing since February's 277,327 peak.
Business
Govt moves SriLankan Airlines to PPP model; carrier seeks Rs.10bn
Aviation Minister Kuranathilake says Rs.90bn taxpayer support through 2030 is unsustainable; carrier has separately asked for an additional Rs.10bn.