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Sri Lanka extends green hydrogen and ammonia RFI deadline to June 19
The Board of Investment extended its Request for Information deadline for green hydrogen and ammonia projects to June 19, two weeks past the original date.
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Business
IMF says Sri Lanka's PAYE tax to be reviewed under medium-term revenue strategy
Mission Chief Evan Papageorgiou said the configuration of income taxes including PAYE will be a key part of the strategy being completed with IMF help.
Business
Litro keeps LPG cylinder prices unchanged for June, citing cost discipline
Litro Gas Lanka holds the 12.5kg cylinder at Rs.4,765 for June despite higher global LPG prices and rupee depreciation, citing strong profits in other.
Business
Sri Lanka remittances hit US$847mn in May, taking five-month total to US$3.91bn
CBSL data show May 2026 remittances of US$847mn, up from US$767.9mn in April; the January-May total is 26% ahead of the same period a year ago.
Business
Sri Lanka confident US tariff concerns will be resolved through talks – Dy Finance Minister
Sri Lanka is confident US concerns over reciprocal tariffs and supply-chain rules can be resolved through talks, Deputy Finance Minister Anil Jayantha says.
Business
CAA seals four warehouses of major food importer in Nugegoda; bulk hotel and market supplier
Pagoda Road warehouses supplying dairy, chocolate, pasta and meat to hotels and markets had no importer details and stored repackaged, expired stock.
Business
Central Bank to brief MPs on monetary policy at Parliament on June 10
CBSL Governor and senior officials will brief MPs on the monetary policy framework at a Parliament complex programme on June 10, at Anil Jayantha's request.
Business
Sri Lanka launches three-year insurance scheme for coffee growers covering drought, floods and elephant damage
Coverage of Rs. 510,000 in year one, Rs. 660,000 in year two and Rs. 840,000 in year three at a 7% premium; fire and landslide covers optional.
Business
Colombo stocks extend slide as funds rotate into 15% commercial paper after rate hike
ASPI closed down 1.14% at 21,760 on Thursday as investors shifted to fixed income; rupee weakened to 336.90/337.50 and bond yields rose.
Business
Radisson transfers Galadari Hotel management contract from Asia Pacific to Belgian affiliate
Galadari Hotels said rights and obligations under its 2023 development and management deal moved to Radisson Hospitality Belgium BV from January 1, 2025.
Business
Trade union spokesperson warns LP gas, water and electricity tariffs all set to rise
Samagi-aligned trade union spokesperson Ananda Palitha says LP gas could rise by Rs. 300-500 per cylinder this week and water tariffs by June 15.
Business
Harsha de Silva blames weakening confidence as rupee hits Rs.342 official, Rs.345 unofficial
SJB MP says rate hikes gave only temporary relief; LC backlog, delayed remittances and exporters holding back earnings now drive the rupee slide.
Business
IMF reaffirms social spending floor as central to Sri Lanka EFF programme
Mission chief Evan Papageorgiou says Sri Lanka met the quarterly social spending floor at end-December 2025 and end-March 2026 under the IMF facility.
Business
Inland Revenue Amendment Bill becomes law as Speaker certifies Act No. 11 of 2026
Speaker Jagath Wickramaratne certified the Bill on Wednesday, bringing mandatory TIN requirements for significant financial transactions into force.
Business
Medicine prices to rise as NMRA begins revision over rupee depreciation
NMRA Chairman Dr. Ananda Wijewickrama says revisions are underway for around 60 categories of gazetted drugs, with imported and local medicines likely to rise.
Business
Sri Lanka targets USD 100 million in pharma exports under joint EDB-NMRA quality push
EDB Chairman Wijesinghe says current pharmaceutical export earnings are under USD 6 million; certification gap with foreign regulators is the chief constraint.
Business
Private bus unions demand 5% fare hike after two May diesel increases; ministry meeting set
Operators say cumulative Rs. 25 diesel rise in May is unsustainable; LPBOA chair Gemunu Wijeratne says decisions will follow if no resolution next week.
Business
Rupee selling rate breaches Rs.340 again on Thursday in sharpest one-day fall of cycle
Seylan, People's Bank, NDB, Commercial and Sampath all raise selling rates by Rs.2-Rs.3; Seylan top quote at Rs.342, People's Bank at Rs.340.31.
Business
Lanka Sathosa to import 25 essential consumer goods, Deputy Cooperative Minister says
Deputy Minister Upali Samarasekara says state retailer will source 25 essentials directly to cut intermediary mark-ups and improve consumer-good quality.
Business
Australia and New Zealand pledge to back Sri Lanka's RCEP accession bid
Australia and New Zealand pledged to back Sri Lanka's accession to RCEP — the 15-nation Asia-Pacific trade bloc — Foreign Minister Vijitha Herath said.
Business
CPC expects fuel import bill to fall to $198m by July, Chairman says
Ceylon Petroleum chief D.J. Rajakaruna says the bill has eased from $522m in April to $318m this month and is on track for $198m by July if prices hold.
Business
CSE closes Wednesday at 22,011, rupee weakens to 334.50/335.50 on US tariff risks
Sri Lanka's ASPI fell 0.75% to 22,011.10 on Wednesday, the rupee weakened to 334.50/335.50 and bond yields rose as Asian markets also closed lower.
Business
Sri Lanka external debt eases to $37.5bn at end of Q1, PDMO data shows
Total government external debt fell $195m from end-2025 to $37,468m by end-March, with multilateral lenders at 38% and ISBs dominating commercial debt.
Business
IMF $695 million sixth and seventh tranches credited to Sri Lanka's reserves
Deputy Finance Minister Anil Jayantha said Sri Lanka has received $695 million in IMF sixth and seventh tranches, now credited to foreign exchange reserves.