Business
CEB Posts Rs. 39 Billion Loss in 2025 Despite Tariff Revisions
CEB posted a Rs. 38.7 billion loss in 2025 as a January tariff cut left thermal generation costs uncovered during the dry spell, CBSL data shows.
Business
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Business
CPC: 95,000MT Crude Tanker Arrives Tomorrow; Fuel Stocks Secured Until June
CPC MD Neththikumarage confirms a 95,000MT crude tanker arrives April 26, with diesel and petrol cargoes to follow, securing fuel stocks to end-June.
Business
CPC Posts Rs. 36.4 Billion Profit in 2025, Third Consecutive Year in the Black
Ceylon Petroleum Corporation recorded Rs. 36.4bn profit in 2025, up from Rs. 34.2bn in 2024, under the cost-reflective pricing mechanism.
Business
Colombo Stocks End Week Down 0.9 Percent on Geopolitical Caution
ASPI sheds 205.7 points over the week as US-Iran tensions drag sentiment; foreign outflow hits Rs. 24.9 billion year-to-date.
Business
Finance Ministry Launches Roadmap for Insurance Sector Development
Sri Lanka's Finance Ministry has officially launched a strategic roadmap to guide growth and modernisation of the country's insurance industry.
Business
Haputale Restaurant Fined Rs. 1 Million for Overpricing Bottled Water
Bandarawela Magistrate fined a Welimada Road restaurant after a CAA Badulla raid found bottled water sold above maximum retail price.
Business
JXG Blames Middle East Conflict for Preferential IPO Allotment After CSE Order
Janashakthi tells the Colombo Stock Exchange that pre-marketing was forced by 'drastic shift in market sentiment' tied to the Iran-Israel war.
Business
Nestlé Lanka Names Manav Sahni as Chairman and Managing Director
Manav Sahni succeeds Bernie Stefan as Chairman and MD of Nestlé Lanka from 1 May 2026, as Stefan moves to a global role within the Nestlé Group.
Business
People's Bank Donates Rs. 300 Million to Rebuilding Sri Lanka Fund for Cyclone Ditwah Housing
People's Bank donated Rs. 300 million to the Rebuilding Sri Lanka Fund to fund Nuwara Eliya housing for families displaced by Cyclone Ditwah.
Business
Sri Lanka Launches National Event Calendar Website to Boost Tourism
The new srilankaevents.lk platform centralises information on cultural, sporting and business events for local and foreign audiences.
Business
Tourist Arrivals Exceed 840,000 to April 22; April Pace Slows
Sri Lanka tourist arrivals reached 840,411 between January 1 and April 22, with India leading at 176,465. April daily pace dropped versus prior months.
Business
25,000 MT Urea Shipment Due Early May, Total Yala Stock to Reach 151,000 MT
National Fertilizer Secretariat says incoming shipment will lift mid-May urea stocks to 151,000 MT against 125,000 MT needed for the Yala season.
Business
Brent Hits $106.80 as Trump Declares Hormuz 'Sealed Up Tight' for All Ships
Brent crude topped $106.80 Friday as Trump expanded the US blockade to require Navy approval for any vessel transiting the Strait of Hormuz.
Business
Cabinet Clears Retreaded Aircraft Tyre Imports to Ease SriLankan Airlines Costs
Cabinet lifts ban on retreaded aircraft tyre imports under HS 4012.13 for SriLankan Airlines and international carriers with certified supplier conditions.
Business
Castlereagh, Maussakelle Reservoirs Fall Rapidly as Dry Weather Persists
Maussakelle is 50 feet 11 inches below spill level and Castlereagh 40 feet 10 inches below, with submerged ruins re-emerging as hydropower pressure mounts.
Business
Colombo Stocks End Week Flat, ASPI at 22,567 as Rupee Pressure Persists
ASPI slips 1.05 points on Friday, ending a quiet week for the CSE while rupee forwards signal continued weakness beyond Rs. 318 per dollar.
Business
Fitch: Sri Lanka Faces Food Cost Pressure if US-Iran War Prolongs
Fitch names Sri Lanka, Philippines and Bangladesh as food-import vulnerable; fertiliser disruption from the Iran war threatens South Asia crops.
Business
NDB appoints KPMG as external auditor for 2026, replacing EY
National Development Bank has appointed KPMG as its external auditor for FY 2026, replacing EY, after the bank disclosed a Rs.13.2bn fraud undetected in 2025.
Business
Rupee Slides Past Rs. 317 With No Active Spot FX Market as CBSL Swap Printing Cited
Sri Lanka's forex market was hamstrung Friday with no active spot quotes, as analysts blamed CBSL money printing via swaps for the rupee's slide past Rs. 317.
Business
Samba rice prices drop at Pettah market after India imports
Ponni Samba and Kiri Samba rice prices have fallen sharply at the Colombo Pettah market after 27,000 metric tonnes were imported from India.
Business
Sri Lanka services exports fall 6.26% in March, ICT/BPM drops 26%
Sri Lanka services exports fell 6.26% in March 2026 to $286.9m, with ICT/BPM earnings down 26%, transport down 34%, construction down 39% year-on-year.
Business
Sri Lanka Q1 Exports Edge Up 1.6% to $4.3bn Despite March Hormuz Hit
Sri Lanka's first-quarter exports reached $4.3bn, up 1.6% YoY, before a 5.2% March drop tied to Hormuz disruption; UAE shipments collapsed 72.6% in March.
Business
Advocata Warns LPG Price Hike Inadequate, Forces Poor to Subsidise Wealthy
Advocata warns the Rs. 775 LPG hike leaves a Rs. 225–425 shortfall, pushing costs onto industrial users and low-income households.
Business
Brent Crosses $105 as Iran Vows Hormuz Stays Closed Under US Blockade
Brent oil hit $105.63 Thursday — first crossing of $100 since ceasefire — after Iran said it cannot reopen Hormuz while US naval blockade continues.