Business
Brent crude rises to $92.29 after US strikes Iran; eighth straight weekly draw on US stocks
Brent crude rose 0.9% off a seven-week low after Washington retaliated for the Apache downing; US crude inventories fell another 9.12mn barrels.
Business
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Business
Rupee surges 2.1% to Rs 330.15 after CBSL exporter conversion rule
Sri Lanka's rupee climbed 2.1% to Rs 330.15 on Wednesday after the Central Bank forced exporters to convert residual proceeds within 30 days.
Business
Dimal Arandara confirmed permanent Chairman of SriLankan Airlines
Treasury board representative Dimal Arandara has moved from Acting to permanent Chairman of SriLankan Airlines after a vacancy held open since March.
Business
Treasury bill yields jump 25–26 bp at Wednesday auction; only half of offered bills sold
PDMO sold only Rs. 71.74bn of an offered Rs. 140bn at the Wednesday auction as 3-month yields rose 25bp to 10.09% and 6-month rose 26bp to 10.27%.
Business
New Sri Lanka-based cargo airline WEAIR launches in Colombo with Boeing 737-800 freighter
Cargo carrier WEAIR launched in Colombo with Luxembourg-based IOTC backing and a Boeing 737-800 freighter, with Minister Vijitha Herath presiding.
Business
ADB launches $50 billion Pan-Asia Power Grid Initiative as energy security risks mount
ADB President Masato Kanda launched PAGI in Manila to connect 22,000 km of transmission lines and integrate 20 GW of renewables across 22 economies by 2035.
Business
Cabinet directs Legal Draftsman to prepare Customs Ordinance amendment bill
A Steering Committee spent almost seven months drafting recommendations to modernise the 1869 Customs Ordinance and Sri Lanka's revenue administration.
Business
CBSL gazette orders exporters to convert residual proceeds to rupees within 30 days
CBSL has gazetted a rule forcing goods exporters to convert residual foreign exchange proceeds into rupees by the 10th of the following month.
Business
Rupee weakens further on Tuesday, CBSL selling rate hits Rs.342.08 against US dollar
Sri Lanka's Central Bank set Tuesday's US dollar selling rate at Rs.342.08, up Rs.1.04 from Monday, as the spot market eased to 338.00/10 in interbank trade.
Business
CoPF endorses Finance amendment bill, clears five-year tax break for new telecom towers
CoPF approves a five-year tax break for telecom towers operational from January 1, 2026, but blocks tax deductions on telcos' unpaid customer dues.
Business
Two more fuel vessels due in Colombo on June 10 and 11, CPC says
A petrol cargo arrives in Colombo on Wednesday and a 28,000-tonne diesel ship from Singapore on Thursday, with a third diesel vessel already unloading.
Business
CSE closes up 0.67% as Dialog jumps 6.8%, S&P SL20 hits 6,000
Colombo stocks ended Tuesday at ASPI 21,547 with the S&P SL20 ticking through the 6,000 mark, powered by a 6.8% surge in Dialog Axiata.
Business
CSE ASPI rebounds 0.83% at midday Tuesday, Dialog and Hayleys lead gains
Colombo stocks recovered 178 points at 21,581.80 midday Tuesday, EconomyNext said, after Monday's 1.68% rate-hike selloff.
Business
EU-funded project rolls out Sri Lanka's Green Finance Taxonomy
Expertise France is helping CBSL operationalise the 2022 Green Finance Taxonomy, with 200+ stakeholders trained in May on reporting and screening guidance.
Business
Public Security Minister tells parliament Sri Lanka uncovered US$85 million forex fraud through bogus imports
Minister Wijepala said two probes — one narcotics-linked — found shell companies moved Rs. 25.89 billion abroad against imports that never arrived.
Business
Hayleys PLC wins enjoining order against Wimal Weerawansa, seeks Rs. 6 billion in damages
Kaduwela District Court has restrained Wimal Weerawansa from publishing further defamatory statements about Hayleys, its subsidiaries and its board.
Business
Cabinet approves Sri Lanka–Japan labour cooperation deal for new Employment Programme for Skill Development
The pact joins Tokyo's new Employment Programme for Skill Development from April 1 2027, expanding worker protections and a route to skilled-worker status.
Business
Lanka Sathosa to cut prices on 18 essential food items from Wednesday
Trade Ministry cuts onion, sugar, rice, lentil and milk-powder prices at Lanka Sathosa from Wednesday, citing Middle East-driven global price pressure.
Business
Sri Lanka to enforce value addition before mineral exports under new 2026 policy
Minister Handunetti told parliament the new National Mineral Policy will cover exploration to processing, replacing the 1999 framework and curbing raw exports.
Business
Tourism revenue not declining, data now more accurate — Vijitha Herath tells Parliament
Vijitha Herath says earlier sample-based surveys inflated tourism revenue figures and that the new methodology now captures real visitor spending.
Business
Anuradhapura South multi-modal transport hub nearing completion
The Rs. 2,144 million Anuradhapura South Multi-Modal Transport Centre, stalled by the economic crisis and restarted in 2024, is now in its final phase.
Business
Bus fares could rise nearly 20% in July fare revision if no relief given, LPBOA warns
LPBOA chair Gemunu Wijeratne says the upcoming annual revision could push the minimum private bus fare above Rs. 35 without government relief.
Business
Ceylon Chamber sets Sri Lanka Economic and Investment Summit for October 12–13
The Ceylon Chamber will hold the 26th Sri Lanka Economic and Investment Summit on October 12-13, 2026, after a 2025 edition that drew over 850 participants.
Business
Sri Lanka adds 12,999 active credit cards in April as growth slows from March
New active cards in April fell to 12,999 from 22,473 in March; the base topped 2.22 million as Middle East tensions and fuel rationing weighed on spending.