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.
Energy Minister Karunathilaka says compensation payments to voluntary retirees in the electricity sector will start within days, after a Monday review meeting.
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.
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.
Sri Lanka's flagship trade expo pushed to January 14-17, 2027 due to geopolitical uncertainties affecting global travel and trade, the EDB says.
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.
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.
UAE Ambassador AlAmeri told Minister Samarasinghe that Abu Dhabi Ports is interested in Colombo, with CEPA, aviation and SriLankan Airlines also discussed.
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.
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.
Dr. Chandranath Amarasekara urges policymakers to weigh the counterfactual as tariff backlash and tax hikes test Sri Lanka's stabilisation gains.
The Rambukkana–Galagedara section will be funded entirely by the Treasury without new loans, Transport Minister Bimal Rathnayake said after Cabinet approval.
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.
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.
Ports Minister Anura Karunathilaka says no privatisation move has been taken at the Cabinet, SLPA or ministry, though investor talks continue.
Power Minister concedes higher industrial and commercial tariffs will pass through to consumer prices, softening earlier 'limited impact' framing.
Cabinet approved an international competitive tender for a new five-year liquor security-marking contract, ahead of the existing provider's January 2027.
Ports Ministry sets June 8 deadline for Mattala airport EOIs, splitting the call into airside and landside operations with a May 22 site visit.
Government covers 70% of loan security under the NCGI scheme — 80% for women entrepreneurs — with 1,747 small businesses funded so far.
Minority shareholder sues NDB, external auditors Ernst & Young and E&Y partners in Commercial High Court; order reserved for May 13.
Media owner Rayynor Silva's Phantom Investments adds 12 million Seylan shares at Rs. 104 each, marking a fresh push into the lender after Phantom's NDB exit.
Sri Lanka's rupee weakened to 322.25 against the dollar; bond yields steady ahead of a Rs. 250bn auction; CSE ASPI closed flat at 23,015 on Tuesday.
Plantations Minister Samantha Vidyaratne said the Treasury has funded an extra fertilizer subsidy for small tea growers amid rising shipping costs.
Advocata's Murtaza Jafferjee told COPF the IRD should not stand ahead of other creditors when a company restructures, saying private lenders take equal risk.
NOAA reverses November 2025 ban after finding Sri Lanka's crab harvesting practices 'comparable in effectiveness' to American marine mammal standards.