Business
Exporters Association elects Nalaka Ratnayake as chairperson at 29th AGM
The Exporters Association of Sri Lanka has elected Nalaka Ratnayake as chairperson at its 29th AGM, with reform of trade facilitation high on the agenda.
Business
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Business
AG moves to recover defaulted liquor taxes through District Court
The Attorney General told the Supreme Court that District Court proceedings are being instituted to recover unpaid taxes from defaulting liquor manufacturers.
Business
IFC and HSBC commit up to $40m to green the Port of Colombo
IFC and HSBC will provide up to US$40 million to South Asia Gateway Terminals to modernise Port of Colombo operations and cut emissions.
Business
Sri Lanka invites US maritime regulator to Colombo to deepen shipping ties
A Sri Lankan delegation met US Federal Maritime Commission chair Laura DiBella in Washington and invited her to Colombo to strengthen shipping ties.
Business
SLS certification mandatory for local sanitary towels from October
Consumer Affairs Authority mandates SLS certification for locally made sanitary towels from October 8, 2026.
Business
India tightens Sri Lanka tax treaty with new anti-abuse rule
India amends tax treaty with Sri Lanka, adding Principal Purpose Test to curb treaty shopping.
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IRD warns of fines, jail terms for wilful tax defaulters
IRD begins criminal proceedings against wilful tax defaulters facing fines up to Rs. 400,000 or six months jail.
Business
Paddy Marketing Board buys 305MT in first four days of purchasing drive
Paddy Marketing Board procures 305 metric tonnes in first four days, with largest share from Ampara.
Business
Sri Lanka, Vietnam to launch joint tourism package as direct flights strengthen ties
Sri Lanka and Vietnam plan joint tourism package to deepen cooperation as direct flights strengthen ties.
Business
NSO plans to cut diesel power generation to 0.5% within two years
The National System Operator says it aims to reduce diesel-based electricity generation to 0.5% within two years, saving an estimated Rs. 30 billion.
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Falling locomotive fleet threatens train operations, station masters warn
The Station Masters' Association warns that a shrinking pool of operational locomotives and power sets could push Sri Lanka's railway into crisis.
Business
Beruwala supermarket fined Rs. 1 million for overpricing Keeri Samba rice
The Kalutara Magistrate's Court fined a Beruwala supermarket Rs. 1 million for selling Keeri Samba rice well above the gazetted maximum retail price.
Business
Finance Ministry begins 2027 Budget work, targets over 7% growth
Sri Lanka's Finance Ministry says it has begun preparing the 2027 Budget, with proposals aimed at achieving economic growth of more than 7 percent.
Business
House of Fashions owner remanded after Customs arrest
House of Fashions owner Preethi Jayawardena is remanded over an alleged Customs violation while being treated in hospital for a heart condition.
Business
No plans to scrap QR code fuel quota system for now, says CPC
The Ceylon Petroleum Corporation says it has no immediate plans to discontinue the QR code-based national fuel quota system introduced during the 2022 crisis.
Business
CPC to build seven new oil tanks in Muthurajawela
Ceylon Petroleum Corporation to construct seven new oil storage tanks in Muthurajawela; four for aviation fuel, plus pipelines to Katunayake and Kolonnawa.
Business
Rs. 11.83 billion in July Aswesuma benefits credited to beneficiaries
Sri Lanka's Welfare Benefits Board is crediting Rs. 11.83 billion in July Aswesuma payments to eligible low-income families' bank accounts on Tuesday.
Business
BIA handles nearly 4.75 million passenger movements in first half of 2026
Bandaranaike International Airport handled nearly 4.75 million passenger movements and welcomed over 1.14 million tourists in the first half of 2026.
Business
Brent crude climbs above US$86 as US reimposes naval blockade on Iran
Brent crude topped US$86 — a four-week high — after the US reimposed a naval blockade on Iran, raising fresh cost pressure on Sri Lanka's fuel imports.
Business
Sri Lanka cabinet approves new national livestock policy
The cabinet has approved a new private-sector-led national livestock policy, replacing a two-decade-old framework, minister Nalinda Jayatissa said.
Business
Sri Lanka's construction sector rebounds as lending and investment climb
Construction credit hit a record Rs1.81 trillion in 2025 and the sector grew 9.2%, signalling an investment-led recovery, Daily Mirror reports.
Business
New insurance scheme planned to protect mushroom farmers
The Agricultural and Agrarian Insurance Board is planning a new insurance scheme to protect Sri Lanka's mushroom cultivators against crop losses.
Business
Sri Lanka completes excavation of South Asia's longest irrigation tunnel
Sri Lanka has finished boring the 27.7 km North Central Province Canal tunnel, set to become South Asia's longest irrigation tunnel.
Business
Sri Lanka launches 'Ceylon Tea Village' programme, eyes 400 million kg tea output
Sri Lanka's new 'Ceylon Tea Village' programme targets 400 million kg of tea and US$2.5 billion in export earnings by 2030, beginning with 144 villages.