Colombo economist warns unsold stock is piling up at yards while reserves drain; calls for permits tied to genuine domestic need rather than dealer demand.
CBSL Deputy Governor Amarasekara, Ceylon Chamber and Peradeniya economists urged Sri Lanka to avoid 'stop-and-go' policy and accelerate export-led reform.
Petroleum Dealers' Association says Rs.3mn stock investment yields only Rs.45,000 in margin per shipment, making premium fuels unviable at most CPC outlets.
CPC Chairman D.A. Rajakaruna confirmed Rs. 100 per litre diesel and Rs. 20 per litre petrol subsidies will run for three months under a Rs. 57bn allocation.
The Transport Ministry signed a deal with Indra Traders (Pvt) Ltd to import 104 buses for the Metro Transit Company, with delivery expected in August.
BOC, Commercial Bank and Sampath Bank CEOs welcomed PayPal's Sri Lanka rollout, with BOC saying around 150,000 freelance customers stand to benefit.
The Sri Lankan rupee weakened further on Monday, with most commercial banks quoting selling rates at Rs. 334 — a fresh low extending the post-cyclone slide.
KPMG's Suresh Perera says the SC backed Section 185A but flagged Section 163 certificate procedure as needing amendment before Wednesday's second reading.
Lanka Coal Company has shortlisted seven of nine bidders for the 2.28-million-tonne Lakvijaya tender after tightening qualification and split-award rules.
EconomyNext explainer says Adani's CWIT terminal hit 1mn TEUs in year one as Colombo's World Bank port performance rank fell 52 places.
Newly rebranded HNB Life posts Rs.7.01bn GWP and Rs.71.4bn total assets in Q1 2026, though profit after tax slips on low rates and equity fair-value movements.
IMF sets May 27 for its Executive Board to decide on Sri Lanka's combined fifth and sixth EFF reviews, potentially releasing USD 700 million.
Deputy Finance Minister says complaints over savings-style insurance deposits prompt amendments to tax collection rules to plug evasion loophole.
State bank says exchange rate error in remittance system caused customers to receive excess payments from May 2023 to March 2026.
Sri Lanka's April tourism earnings fell to US$157.1 million, the eighth monthly drop in 10 months; four-month revenue down 19.4% to US$1.11 billion.
Thriposha supply hit as trade authorities withhold clearance for licensed maize shipment, citing fresh Cabinet approval despite earlier contrary guidance.
State-owned Bank of Ceylon reported Rs. 18.8 billion in profit after tax for the three months ended 31 March, citing a stabilising macroeconomic environment.
Commercial Bank Group reported Rs. 3.61 trillion in assets and Rs. 17.94 billion in Q1 2026 net profit, up 19.8% year-on-year on 31.35% loan-book growth.
Deputy Finance Minister Anil Jayantha confirmed two SriLankan Airlines frauds — a hacked agent email in Dubai and forged documents at Chennai.
Energy Minister Karunathilake said higher renewable penetration and hydropower efficiency will cut consumer bills as 1,898 CEB retirees received compensation.
NAQDA has rolled out a Rs.25 million cage-pregrowing project that triples larvae-to-prawn efficiency at five tested reservoirs across three districts.
Nations Trust Bank reported a 12% year-on-year rise in Q1 profit after tax to Rs. 4.6 billion, with return on equity at 18.98% and a Net Stage 3 ratio of 1.10.
Brent settled at $109.26 on Friday, up 7.84% for the week, as Trump and Araqchi statements dented hopes of a swift Hormuz reopening and US-Iran de-escalation.
Pan Asia Banking Corporation reports Rs. 1.65 bn PBT and Rs. 1.05 bn PAT in Q1 2026, with the highest-ever quarterly growth in deposits and advances.