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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.
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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.
Business
Sri Lanka Expo 2026 postponed to January 2027 on geopolitical risks
Sri Lanka's flagship trade expo pushed to January 14-17, 2027 due to geopolitical uncertainties affecting global travel and trade, the EDB says.
Business
Sri Lanka envoy and Istanbul Chamber of Commerce target USD 500mn trade
Sri Lanka's ambassador to Türkiye met the Istanbul Chamber of Commerce president to push the USD 500 million bilateral trade target and plan a B2B session.
Business
New Pension Scheme Announced for Tea Estate and Factory Workers
Sri Lanka launches a new pension scheme for tea estate and factory workers — Rs. 600 quarterly contributions from age 18 yield Rs. 5,000 a month at age 60.
Business
Abu Dhabi Ports eyes Colombo, Trincomalee; UAE pushes CEPA in Samarasinghe talks
UAE Ambassador AlAmeri told Minister Samarasinghe that Abu Dhabi Ports is interested in Colombo, with CEPA, aviation and SriLankan Airlines also discussed.
Business
Govt plans 300 MW battery storage on grid by year-end as renewables surge
Deputy Power Minister Arkam Ilyas says 250-300 MW of BESS will hit the grid by year-end; 100 MW already awarded, 160 MW under evaluation.
Business
Cabinet approves SMIB Act amendment to lift state mortgage bank's profitability
Cabinet approved a proposal to amend the State Mortgage and Investment Bank Act, citing limitations in the 1975 law that have constrained the bank's profits.
Business
CBSL Deputy Governor warns reversing post-crisis reforms could recreate 2022 crisis conditions
Dr. Chandranath Amarasekara urges policymakers to weigh the counterfactual as tariff backlash and tax hikes test Sri Lanka's stabilisation gains.
Business
Cabinet approves Rs. 112 billion for Rambukkana–Galagedara Central Expressway phase without new borrowing
The Rambukkana–Galagedara section will be funded entirely by the Treasury without new loans, Transport Minister Bimal Rathnayake said after Cabinet approval.
Business
Ceylon Chamber leads 19-member CEO delegation to Mumbai for Indo-Lanka Business Forum
JKH chairman Krishan Balendra heads a senior corporate group to the India-Sri Lanka Business Forum on May 13, co-hosted with CII in Mumbai.
Business
Govt withholds over $37 million from coal suppliers in quality dispute
Deputy Power Minister Arkam Ilyas says $22M in fines and $15M in performance bonds are being held over 18 disputed shipments — over Rs. 10 billion retained.
Business
Karunathilaka denies decision to privatise East Container Terminal
Ports Minister Anura Karunathilaka says no privatisation move has been taken at the Cabinet, SLPA or ministry, though investor talks continue.
Business
Power Minister Karunathilaka admits 18% tariff hike will have indirect impact across economy
Power Minister concedes higher industrial and commercial tariffs will pass through to consumer prices, softening earlier 'limited impact' framing.
Business
Sri Lanka calls international bids for liquor tamper seals as current contract expires January 2027
Cabinet approved an international competitive tender for a new five-year liquor security-marking contract, ahead of the existing provider's January 2027.
Business
Mattala Airport EOI deadline set for June 8, site visit on May 22
Ports Ministry sets June 8 deadline for Mattala airport EOIs, splitting the call into airside and landside operations with a May 22 site visit.
Business
NCGI scheme lets SMEs borrow without collateral, Deputy Minister explains
Government covers 70% of loan security under the NCGI scheme — 80% for women entrepreneurs — with 1,747 small businesses funded so far.