Business
Shermans Logistics signs MoU with India's Glottis to build trade corridor
Esna Group's Shermans Logistics partners with India's Glottis Ltd on project cargo, renewable energy logistics and freight forwarding across both markets.
Business
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Business
EDB hosts Karachi Chamber delegation to push private-sector use of Pakistan FTA
Sri Lanka's Export Development Board and KCCI discuss greater FTA utilisation, B2B engagement and trade facilitation at Colombo meeting.
Business
SLIC General first Sri Lankan insurer to cross Rs.30bn in gross premiums
Sri Lanka Insurance Corporation General Ltd. says it has reached the milestone, strengthening its lead over private rivals in the general insurance market.
Business
Vietjet to launch four-weekly Colombo–Ho Chi Minh City direct flights from August
Vietjet Air will launch direct Colombo–Ho Chi Minh City flights in August with four round-trips a week, opening Asia-Pacific connectivity for Sri Lanka.
Business
ADB urges Sri Lanka to build long-term resilience after repeated shocks
ADB Country Director Shannon Cowlin says tsunami, terror, COVID, the economic crisis and Ditwah have exposed structural weaknesses needing deep reform.
Business
Cabinet clears $250m ADB-funded climate-resilient water and sanitation project
Five sub-projects covering Ambatale, Jubilee, Kolonnawa, Lunugamvehera and Jaffna will move into procurement under a $250m ADB-backed initiative.
Business
Colombo-Hanoi and Ho Chi Minh City direct flights to launch during Vietnam visit
Vietnam Airlines and VietJet Air will officially launch direct services to Sri Lanka during Tô Lâm's May 7-8 state visit, opening a new ASEAN air corridor.
Business
Colombo stocks close near 23,000 mark on US-Iran peace hopes
ASPI rose 1.13 percent to 22,997 on Thursday, just shy of the 23,000 mark, as reports of a US one-page MoU to Iran lifted regional risk sentiment.
Business
Dhammika Perera adds Rs. 4.6 billion to Hayleys via historic rights issue
The Hayleys co-chairman subscribed to 22.95 million shares at Rs. 200 each in the conglomerate's first rights issue since he took control in 2009.
Business
EU-backed initiative says GSS+ bonds have mobilised Rs. 85bn in Sri Lanka
EU's Green Recovery Facility says recent GSS+ bond issuances have raised Rs. 85bn (EUR 186m) for renewable energy, water and social infrastructure in Sri.
Business
Free Trade Zone manufacturers urge PUCSL to activate power wheeling under Section 13
FTZMA told the PUCSL consultation that activating Section 13 would save foreign exchange and unlock private renewable investment at no cost to the Treasury.
Business
German investors to visit Colombo for German Business Forum 2026 in May
Potential German investors will visit Colombo for the German Business Forum 2026 on May 27-29, the BOI confirmed, with apparel and rubber anchoring trade.
Business
India rejects China claim, asserts it remains Sri Lanka's top trade partner
Indian HC Santosh Jha cites US$ 6.4bn 2025 trade turnover after Beijing's embassy in New Delhi claimed China had become Sri Lanka's No. 1 trading partner.
Business
Marine Drive to extend to Moratuwa as Port Access Road slips to August
Transport Minister Bimal Rathnayake says the contractor is delaying the Galle Face link, with the second segment to Lotus Roundabout now slated for mid-2027.
Business
Oil prices extend sharp decline as US-Iran diplomacy cools Hormuz fears
Brent fell 3.5 percent to $97.5 and WTI 3 percent to $92 as a US one-page MoU to Iran via Pakistan signalled a shift toward diplomacy over the Strait of.
Business
Cabinet grants strategic business status to six Colombo Port City firms
The six designated companies are expected to bring $14.6m in FDI and 650 jobs across IT, logistics, consultancy and maritime technology over five years.
Business
Renewable energy SMEs warn of collapse as NSO unpaid dues hit Rs.10bn
Federation of Renewable Energy Developers says 389 plants face NPL wave after the National System Operator halted payments since December 2025.
Business
Sri Lanka missing out on $60bn Japan export market, business forum told
EDB Chairman says exports stuck near $2.7-2.9bn despite vast potential; Japanese envoy Isomata urges acceleration of SL-Japan-India industrial corridor.
Business
SLTB to import 200 luxury buses for expressway routes as private operators slam Metro Bus plan
Procurement starts for 170 expressway and 30 long-distance buses; private operators allege Rs.7bn wasted on parallel Metro Bus scheme.
Business
Sri Lanka Sells Extra Rs 8.4bn Treasury Bills on Tap, Week Total Rs 108bn
Public Debt Management Office sold three-, six- and 12-month bills at 8.20%, 8.24% and 8.52% on tap, on top of Rs 100bn raised at Wednesday's auction.
Business
MP questions $26.6mn SriLankan Airlines aircraft lease after RTI disclosure
Opposition MP Dayasiri Jayasekara questions SriLankan's eight-year, $26.6mn lease for a 14-year-old Airbus A330, after RTI Commission ordered disclosure.
Business
Cabinet recognises Sri Lanka National Export Development Plan 2026–2030
Cabinet has approved the Industries Minister's resolution recognising the National Export Development Plan 2026–2030 as the country's official export strategy.
Business
Colombo Dockyard reports Rs. 428mn quarterly loss as India's MDL completes 51% takeover
Loss narrowed from Rs. 634mn a year earlier as revenue rose 7.6%; capital infusion of Rs. 12.93bn closes the Mazagon Dock acquisition.
Business
Colombo stocks rise, T-bill yields flat, but rupee slips Re. 1 against dollar
ASPI rose 0.69% to 22,739 with all Rs. 100bn T-bills sold at flat yields, but the rupee weakened to 321.00/30 to the dollar from 319.90/320.40 a day earlier.