Business
CAA Deploys 350 Officers to Continue Market Raids Through Avurudu Season
Consumer Affairs Authority says enforcement will not pause during festive season, with 6,000 inspections completed since January.
Business
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Business
Cabinet Approves Weekly Fuel Price Revision Formula Linked to Global Oil Rates
Sri Lanka's Cabinet gives the green light for a new fuel pricing formula allowing multiple price revisions per month based on world oil fluctuations.
Business
Former CEB Employees Claim VRS Compensation Still Unpaid After Restructuring
Employees who accepted voluntary retirement when CEB was dissolved on March 9 say promised payments have not been made.
Business
Heavy Rains End Three-Month Dry Spell in Central Hills Catchment Areas
Thundershowers hit Castlereagh, Maussakelle and Upper Kotmale, easing drought that had depleted hydropower reservoirs.
Business
Substandard Coal to Cost Sri Lanka 250 GWh of Electricity Over Three Months
Sri Lanka faces 250 GWh electricity loss from substandard coal at Lakvijaya over the April-June quarter.
Business
Hotels Report Sharp Drop in Domestic Bookings as Fuel Crisis Dampens Avurudu Travel
Sri Lankan hotels face steep decline in domestic tourist bookings during Avurudu season as fuel shortages and rising costs deter travel.
Business
Middle East War to Dominate IMF and World Bank Spring Meetings
World Bank cuts emerging market growth to 3.65% and raises inflation forecast to 4.9% as war shock overshadows Spring Meetings.
Business
PUCSL Rules Out Passing Coal Crisis Costs to Electricity Consumers
The utilities regulator says extra costs from Sri Lanka's coal procurement crisis will be excluded from all future electricity tariff revisions.
Business
Tea Smallholders Say Government's 25,000 MT Fertiliser Offer Covers Less Than 60% of Needs
Tea growers criticise government's one-off 25,000 MT fertiliser subsidy as inadequate for 267,000 hectares of cultivation.
Business
Chilaw Plantations Posts Record Rs. 650 Million Profit for 2025
State-owned plantation company reports threefold profit increase to Rs. 650M, distributes Rs. 137M in employee bonuses.
Business
CPC Chairman Confirms 12 Fuel Shipments in April, No Petrol Shortage Until June
Ceylon Petroleum Corporation says petrol is secured until June and diesel until May as 12 shipments arrive this month.
Business
CPC Suspends Petrol QR Quota System Until April 18 for Avurudu
Petrol vehicle owners can fuel up without QR codes from midnight tonight until April 18 as CPC eases restrictions for the holiday.
Business
CSE Records Rs. 401 Billion Weekly Market Cap Gain on Ceasefire, IMF Optimism
ASPI surges 4.78% for the week as Iran ceasefire, IMF deal, and NCM outcome lift investor sentiment.
Business
Fitch Downgrades NDB to A-(lka) Over Rs. 13.2 Billion Fraud
Fitch cuts NDB's rating to A-(lka) with Negative outlook after internal fraud eroded capital buffers and weakened risk controls.
Business
Industry Ministry Reports Rs. 31 Billion in SME Loans Approved in Q1 2026
Over 5,000 businesses received financing as ministry outlines industrial recovery milestones and upcoming investment forum.
Business
No Fertiliser Shortage: Government Confirms Surplus Stocks Ahead of Yala Season
Deputy Agriculture Minister says farmers should not fear shortages as surplus fertiliser stocks are confirmed for Yala.
Business
Rupee Depreciates 1.8% Against US Dollar in 2026 as Middle East Conflict Weighs
CBSL confirms rupee has weakened 1.8% against the dollar in 2026, driven by Middle East conflict pressures.
Business
Workers' Remittances Surpass $2.2 Billion in Q1 2026, Up 26.5%
Sri Lanka received $814.8 million in March remittances, pushing Q1 total to $2.29 billion despite the Middle East crisis.
Business
Sri Lanka Resumes South Korea E-8 Seasonal Jobs Programme, First Batch Departs April 14
First group of 16 workers to travel to Yeongwol for agricultural jobs after government revives programme halted by irregular arrangements.
Business
Sri Lanka Tourism Holds First-Ever Dhaka Roadshow to Tap Bangladesh Market
SLTPB hosts 147 Bangladeshi travel agents and 35 journalists at inaugural Dhaka B2B event to diversify source markets.
Business
ADB Projects Sri Lanka Growth to Moderate to 4% in 2026
ADB forecasts Sri Lanka's GDP growth slowing from 5% to 4% in 2026 as Middle East conflict and inflation weigh on recovery.
Business
ADB Warns Sri Lanka Could Lose Up to 0.8% GDP Growth if US-Iran Conflict Persists
ADB economist says prolonged US-Iran war could cut Sri Lanka's 2026 growth by 0.5-0.8% and add 3-5pp to inflation.
Business
AmCham Sri Lanka Calls for Policy Clarity to Attract Quality FDI
AmCham president says regulatory uncertainty is the biggest barrier to investment and announces a new coordination platform.
Business
CAA Seizes Rs. 10 Million Worth of Unlabelled Cosmetics in Pettah Raid
Consumer authority raids Pettah warehouse, confiscates imported skin-whitening products lacking mandatory labelling.