Business
Farmers abandon Yala plots as urea doubles and Maha season risk grows
Soaring fertiliser costs and urea scarcity are pushing Sri Lankan farmers from Bibile to Jaffna to abandon paddy plots, with the Maha season already at risk.
Business
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Business
HNB assets cross Rs. 2.5 trillion milestone in Q1, posts Rs. 9.95 billion profit
Hatton National Bank Group profit after tax reached Rs. 10.35 billion in Q1 2026; net interest margin widened to 4.45% as deposits and loans both grew.
Business
IMF Communications Chief Says Sri Lanka Board Decision Expected 'Within Weeks'
Julie Kozack says the Executive Board will meet within weeks to clear Sri Lanka's combined fifth and sixth EFF reviews, releasing about $700 million.
Business
Two Matara Tourist Hotels Fined Rs. 1 Million for Overpricing Bottled Water
Matara Magistrate fined two tourist hotels Rs. 500,000 each after CAA raids found them selling Rs. 100 water for Rs. 450 and Rs. 70 water for Rs. 300.
Business
Heavy rains bring financial relief to debt-ridden CEB as hydropower output surges
CEB engineers expect a sharp drop in thermal and coal generation costs as Mahaweli and Laxapana reservoirs fill up amid widespread heavy rains.
Business
Sri Lanka rupee selling rate hits Rs. 329.92, highest since December 2023
CBSL exchange rate data shows the dollar selling rate at Rs. 329.92 on Thursday, the weakest level for the rupee in nearly 17 months.
Business
Russian envoy meets Sri Lanka's Deputy Finance Minister and CPC Chairman
Russian Ambassador Levan Dzhagaryan held May 13 talks with A.J. Fernando and CPC Chairman D.J. Rajakaruna, signalling renewed bilateral energy dialogue.
Business
Sampath Bank crosses Rs. 2 trillion in assets, posts Rs. 6.2 billion Q1 profit
Sampath Bank assets crossed Rs. 2 trillion for the first time in Q1 2026; PAT fell 26% as impairment charges and an Rs. 1.5bn geopolitical overlay weighed.
Business
Sri Lanka launches 'SME Nexus' national strategy framework with 11 strategic pillars
Industry Minister Sunil Handunneththi unveils a 2026 framework targeting structural SME barriers, with 11 strategic pillars and a dedicated Growth Fund.
Business
Sri Lanka T-bill yields drop across maturities; Rs. 88bn sold at Wednesday auction
Treasury bill yields dropped across all three maturities at the May 13 auction, with the Public Debt Management Office selling Rs. 88 billion of bills.
Business
Vidullanka buys 49% of Storex for Rs. 2bn to anchor 12-plant BESS portfolio
Vidullanka has acquired a 49% stake in Storex for about Rs. 2 billion, joining WindForce in a 12-plant battery energy storage portfolio awarded by the CEB.
Business
Diesel costs Rs.720 per litre, oil imports up six times since February: AKD
President Dissanayake says diesel costs Rs.720 per litre but is sold at Rs.392, with oil imports up six times between February and May.
Business
CBSL and Finance Ministry Strengthening Systems to Prevent Repeat of USD 2.5M Fraud, Says Governor
CBSL Governor Weerasinghe says Central Bank and Finance Ministry are reviewing procedures to prevent a repeat of the USD 2.5M Treasury fraud.
Business
CBSL Governor: Every Bank Asked to Check for NDB-Type Fraud, No Other Cases Found
Nandalal Weerasinghe confirmed CBSL asked all licensed banks to run internal checks for NDB-style misappropriation; no other incidents were reported.
Business
CBSL Governor: Current Rupee Slide Driven by Global Forces, Not a Repeat of 2022
Nandalal Weerasinghe says the rupee is weakening alongside other regional currencies, unlike the 45% domestic-driven collapse of March-April 2022.
Business
CBSL Governor: Sri Lanka GDP back to USD 109 billion but income recovery uneven
Weerasinghe says Sri Lanka's economy has grown ~5 percent for two years after 2022-2023 contractions, but Aswesuma reliance shows uneven income recovery.
Business
CPC chairman's BMW sold for Rs.30mn, proceeds buy staff buses
The CPC chairman's official BMW has been sold for Rs.30 million and the funds used to buy two buses for Kolonnawa and Muthurajawela staff.
Business
CSE Dips and Rupee Weakens to 323.75 as War and Weather Weigh on Sentiment
Colombo Stock Exchange retreats and rupee slips to 323.75/324.25 against the dollar as Iran war uncertainty and severe flooding weigh on investor sentiment.
Business
Sri Lanka Customs crosses Rs.1 trillion revenue mark in 132 days
Sri Lanka Customs hit the Rs.1 trillion revenue mark in 132 days, 45% of the 2026 target, after exceeding monthly targets for four straight months.
Business
Hikkaduwa hotels report nearly 80% collapse in tourist arrivals
The Hikkaduwa Tourist Hotel Owners Association says 80% fewer tourists are visiting the resort, with 100,000 direct and indirect jobs at stake.
Business
Maharaja Media signs MoU with Macau broadcaster TDM to draw Chinese tourists
Maharaja Media Network and Macau public broadcaster TDM signed a partnership at the ABU council meeting to promote Sri Lanka tourism to Chinese audiences.
Business
Compensation payments to voluntary retirees in power sector to begin within days
Energy Minister Karunathilaka says compensation payments to voluntary retirees in the electricity sector will start within days, after a Monday review meeting.
Business
Sri Lanka sells Rs. 176.6bn in 2030, 2034, 2036 and 2039 bonds at Wednesday auction
Treasury sold Rs. 176.62bn of Rs. 250bn offered across four maturities; 2039 bond drew no accepted bids and 2030 yields edged up to 10.16 percent.
Business
Sri Lanka Completes FAO-Korea Shrimp Aquaculture Modernisation Project
FAO and Korea complete a four-year project digitising Sri Lanka's shrimp aquaculture, with IoT water sensors, GIS mapping and 699 farms surveyed nationwide.