Business
Rs. 1.2 billion approved for expressway maintenance fleet
Cabinet has cleared the purchase of 21 vehicles and machinery items to maintain Sri Lanka's 312 km expressway network, funded from expressway revenue.
Business
1186 stories Business
Cabinet approves Rs. 1.06 billion equity injection for Lanka Metro Transit
Rs. 800 million this year and Rs. 267.5 million in 2027 will fund an Ekala workshop and depots at Talangama, Kadawatha, Ratmalana and Homagama.
Business
30,000 MT of state paddy to be milled into rice as purchases reach 27,458 MT
Cabinet has approved milling 30,000 MT of Paddy Marketing Board stocks into rice, as state purchases reach 27,458 MT of target.
Business
Government to lease 247 hectares of state plantation land to returnee migrant workers
Long-term leases of 1 to 4 hectares will go to Sri Lankans who worked abroad for three years or more, drawn from three state plantation entities.
Business
State bungalows in Colombo 5 offered on 30-year commercial leases
The Finance Ministry has called for proposals to turn state-owned Colombo 5 bungalows into boutique hotels, cafes and restaurants on 30-year leases.
Business
Tourist arrivals pass 1.4 million for 2026
SLTDA data shows 1,408,620 arrivals by August 9, with 65,202 visitors in the first nine days of the month and India still the largest source market.
Business
Cabinet clears US$100 million World Bank facility for North and East
Sri Lanka will sign agreements for a US$100 million IDA facility to fund an integrated regional development programme in the Northern and Eastern Provinces.
Business
Government to offer loans to small and medium paddy millers to buy at Rs. 120 a kilo
The government plans a loan scheme routed through District Secretaries so smaller mills can buy paddy at a minimum of Rs. 120 per kilogramme.
Business
Battery storage at 16 substations to join national grid in early September
Commercial-scale battery systems at 16 transmission substations are nearing completion, storing daytime solar power to cut nighttime diesel generation.
Business
DFCC Bank launches unified MSME banking proposition
DFCC Pragathi offers lending, advisory and capacity-building services for small businesses, with a scheme for women entrepreneurs.
Business
Foreign investors buy US$216mn of rupee bonds in eight weeks
Foreign holdings of Sri Lanka rupee bonds reach Rs 192.9bn record high after eight straight weeks of net buying through August 7.
Business
Court blocks removal of two Lincoln Navigators from BOI company
Court of Appeal bars BOI-licensed firm from selling two 2024 Lincoln Navigators worth USD 260,000 in dispute with Canadian exporter.
Business
Chinese, Indian and Omani firms among bidders for Mattala airport
Ports and Aviation Minister Anura Karunatilake confirmed the nationalities of bidders as 19 proposals to operate Mattala airport go through evaluation.
Business
Oil rises as traders wait for proof that Hormuz will reopen
Brent climbed above $84 on Monday, clawing back part of last week's 7 percent slide, as the market looked for hard evidence of a Hormuz deal.
Business
Parliament committee calls for wider tax base and digital tax administration
The Committee on Ways and Means pressed for a broader tax base, better compliance and stronger digital systems after reviewing revenue collection to June 30.
Business
Royal Ceramics June quarter profit rises 56% to Rs 1.8 billion
Royal Ceramics Lanka posted a Rs 1.8bn profit for the June 2026 quarter, up 56.1%, as tiles and aluminium lifted revenue 15% to Rs 16.18bn.
Business
SLBFE opens registration for 16,000 Israel jobs
Foreign Employment Bureau portal opens for 16,000 Israel positions: 4,000 restaurants, 12,000 renovations, with separate requirements.
Business
TWC names Theekshana Jayarathna CEO of development management arm
TWC Development Management gets a new chief executive as the group expands its real estate advisory work across domestic and regional markets.
Business
XPENG L03 electric SUV opens for pre-orders in Sri Lanka
Chinese EV maker XPENG's L03 coupe SUV reaches Sri Lanka through Evolution Auto as part of a 64-market launch, priced under Rs 20 million.
Business
Fisheries Ministry asks NARA to assess fish stocks and El Niño impact
Deputy Minister Rathna Gamage says a scientific report has been sought from NARA after fishermen reported falling catches in Sri Lankan waters.
Business
Kegalle private hospital fined Rs. 520,000 over expired supplies and overcharging
A Kegalle private hospital pleaded guilty to three CAA charges over expired medical supplies and an overpriced blood test.
Business
Two Wellawaya traders fined Rs. 300,000 for selling rice above controlled prices
Wellawaya Magistrate's Court fined two traders Rs. 150,000 each over Keeri Samba and imported Ponni Samba sold above the MRP.
Business
Worker remittances pass US$5bn in seven months, up US$947mn on last year
Migrant worker remittances reached US$5.38bn in January-July 2026, a US$947.2mn rise on the same period in 2025, CBSL data shows.
Business
Advocata launches 'Samvaada' policy platform, questions inflation target
The think tank's new debate platform opens with an essay arguing Sri Lanka's 5-7% inflation target erodes fixed incomes and feeds balance of payments pressure.