Business
NSO Issues ADB-Backed Tender to Modernise National Grid for Renewable Integration
National System Operator opens international bids for SCADA and renewable energy management upgrade under ADB-funded PSSREIP, with May 14 deadline.
Business
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Business
NSO Files Revised Electricity Cost Estimate to PUCSL After Fuel Price Hike
National System Operator files a revised Q2 cost forecast to the regulator citing the recent CPC fuel price hike, paving the way for a fresh tariff revision.
Business
Sampath Bank's Rs. 10 Billion Green Bond Issue Earns 'A(EXP)(lka)' Fitch Rating
Fitch assigned Sampath Bank's proposed Rs. 10 billion Basel III subordinated green bond an expected A(EXP)(lka) rating, two notches below its AA-(lka) anchor.
Business
April Tourist Arrivals Reach 117,893 as YTD Total Climbs to 858,527
SLTDA's latest April figures show India 30% of arrivals; pace lags April 2025's 174,608 with two days remaining in the month.
Business
President AKD Meets IRD Officials to Broaden Tax Net and Recover Arrears
Discussions covered IRD restructuring, digitalisation, the national e-invoicing system, and recovery of outstanding tax arrears under the IMF programme.
Business
CAA Imposes Rs. 100,000–1 Million Fines on Traders for Rice and Water Overpricing
Court fines totalling over Rs. 2 million were imposed on traders across six districts after CAA raids on April 24 found rice and bottled water above MRP.
Business
CSE Closes Up 0.20% on Retail Activity, ASPI at 22,612
Sri Lanka's Colombo Stock Exchange closed up 0.20% on Monday with the ASPI at 22,612, lifted by retail activity in speculative shares; turnover Rs. 2.97bn.
Business
Diesel Landed Cost Nears $350 a Barrel as CPC Losses Top Rs. 280 Per Litre — Susantha Silva
Former CPC chief Susantha Silva says Sri Lanka's fuel import framework is unsustainable, with diesel at nearly $350/bbl and limited refinery options.
Business
Galle Traders Fined Rs. 200,000 by Court for Selling Rice Above MRP
Galle Additional Magistrate's Court fined two traders Rs. 100,000 each after they pleaded guilty to selling rice above the Maximum Retail Price in a CAA raid.
Business
Sri Lanka Budget Near-Surplus in January as Revenues Surge 35%
January 2026 deficit narrowed to Rs. 3.8 billion as tax revenues rose 35% on car-import liberalisation and recurrent spending grew just 1.2%.
Business
Sri Lanka and China Agree on Joint BRI Tourism Initiatives at Sichuan Symposium
Deputy Tourism Minister Ruwan Ranasinghe agrees Sichuan Cuisine Academy, Mountain Tourism Research Centre and student-enrolment expansion under BRI.
Business
Treasury Cash Surplus Built on Rs. 1.78 Trillion of Excess Borrowing, Verité Research Warns
Verité Research says Sri Lanka's improved Treasury liquidity reflects Rs. 1.78 trillion of excess borrowing rather than fiscal prudence.
Business
WindForce Secures $18mn IFC Loan for Siyambalanduwa Solar and Battery Storage
Sri Lanka's WindForce signs a two-phase $18 million loan agreement with the IFC to fund the Siyambalanduwa solar project and battery energy storage projects.
Business
Cabinet Approves Seven Solar Power Projects
Sri Lanka's Cabinet has cleared seven renewable energy solar projects from a shortlist of nine, with PUCSL clearance still pending.
Business
Government Invites Global Investors to Submit EOIs for Mattala Airport
The Ports & Civil Aviation Ministry has invited global investors to submit Expressions of Interest in aviation projects at Mattala Rajapaksa Airport.
Business
Sri Lanka's 2025 Vehicle Import Bill Hit USD 2.04 Billion — Third-Highest in History
Sri Lanka's 2025 vehicle import bill hit USD 2.04 billion, the third-highest on record, after restrictions were lifted in January 2025, per CBSL.
Business
ADB Flags $6 Billion Export Gap Straining Sri Lanka's External Stability
Asian Development Bank says Sri Lanka could raise exports 47 percent if unrealised capacity is tapped, with apparel, tea and spices leading the shortfall.
Business
Akbar Brothers Sponsors Rs. 35M Maradana Railway Station Facelift
Maradana Railway Station reopens upgraded facilities after a six-month Akbar Brothers renovation under the Sihinaya Gamananthaya programme.
Business
CBSL Forecasts Sharp Rise in Sri Lanka's 2026 Fuel Import Bill
Annual Review projects fuel costs will climb in 2026 on Middle East tensions, after the bill fell from $4.4bn to $4bn in 2025 on lower crude prices.
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
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.