Business
Fitch Warns Sri Lanka's Rs. 100bn Relief Package Risks Long-Term Debt Strain
Fitch says Asia-Pacific energy subsidies, including Sri Lanka's Rs. 100bn relief package, could weaken fiscal flexibility and strain state balance sheets.
Business
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Business
HSBC Chief Says Sri Lanka May Have Paid Up to $286 Per Barrel for Oil
HSBC CEO Georges Elhedery told a Hong Kong forum Sri Lanka paid up to $286 per barrel — the highest buyer price he has encountered during the Hormuz crisis.
Business
IMF says stronger revenues give Sri Lanka room to cushion energy shock
Asia-Pacific Director Krishna Srinivasan says Sri Lanka has doubled revenue-to-GDP since the crisis and has fiscal space to protect the poor.
Business
LP Gas Distribution Resumes Nationwide After Avurudu Break
Laugfs releases 5,000 MT of LP gas through Hambantota and Mabima terminals as both distributors restore operations.
Business
Mark Mobius, Sri Lanka's key post-war bond investor, dies at 89
Emerging markets pioneer whose Templeton fund held around $800 million in Sri Lankan bonds in the years after the 2009 war has died aged 89.
Business
Sri Lanka's Debt Restructuring Near Completion, GSDR Report Says
GSDR 6th report finds 1.7% of Sri Lanka's external debt remains unrestructured — on par with Ghana and Zambia at the restructuring finish line.
Business
SriLankan Airlines suspends Bangkok country manager over airport clash
SriLankan Airlines says its Bangkok country manager was involved in a confrontation with flight crew at Suvarnabhumi on April 2 and has been recalled.
Business
US to Launch Tariff Refund System April 20 for $166bn in Tariffs Struck Down as Unlawful
US Customs will launch the CAPE refund system on April 20 to return $166bn paid by 330,000 importers in tariffs the Supreme Court ruled unlawful in February.
Business
CPC Confirms 36,700 MT Petrol Shipment Arrives from India
Ceylon Petroleum Corporation receives 36,700 metric tonnes of Octane 92 petrol from India as post-Avurudu fuel replenishment begins.
Business
CSE Closes Up 0.6% on Post-Avurudu Rebound; T-Bill Yields Rise
ASPI closes at 22,261 with Rs 3bn turnover; T-bill yields up 20bps; rupee flat at 315.55/65 as markets reopen after holiday.
Business
West Asia Energy Shock Now Showing in March Inflation Data, Fitch Warns
Fitch says March CPI rose 0.8% month-on-month across major economies as energy shock begins flowing through to consumer prices.
Business
Foreign Investors Sell Rs. 697 Million in Sri Lanka Rupee Bonds
Foreign investors offloaded US$2.25 million in government securities in the week ended April 10 amid Middle East war caution.
Business
Gold Prices Climb Rs. 4,000 in Sri Lanka as Markets Reopen
22-carat sovereign rises to Rs. 369,900 and 24-carat to Rs. 402,000 as gold rallies on Middle East safe-haven demand.
Business
IMF Warns Against Broad Fuel Subsidies as War-Driven Energy Shock Bites
IMF MD Georgieva urges targeted support over blanket fuel subsidies, warns untargeted measures will prolong high prices.
Business
IMF Cuts Emerging Market Growth to 3.9% as War Hits Commodity Importers Hardest
IMF projects EMDE growth at 3.9% for 2026, cuts China to 4.4% and India to 6.5% as war drives energy and food costs.
Business
IMF Chief Says War Reversed a Global Growth Upgrade That Was Coming
Georgieva says global growth was building momentum for an upgrade before the Middle East war reversed the trajectory.
Business
IMF Warns Middle East War Quietly Raising Financial Stability Risks
IMF Spring Meetings caution that market resilience should not be taken at face value as global debt heads for 100% of GDP by 2029.
Business
IMF Chief Economist Warns World 'Already Drifting' Toward Adverse War Scenario
Pierre-Olivier Gourinchas says every day of energy disruption pushes the global economy closer to 2.5% growth, down from 3.4%.
Business
Census Warns of Shrinking Workforce as Elderly Set to Outnumber Children
EconomyNext analysis: 52.7% of working-age Sri Lankans are economically inactive; ageing index nears the tipping point.
Business
Sri Lanka Expressways Earn Rs. 196 Million in Four Days as Avurudu Travel Peaks
Over 520,000 vehicles used the expressway network during the Avurudu festive rush from April 10-13, the RDA reports.
Business
IMF Warns Middle East War Could Slash Global Growth to 2% Under Severe Scenario
IMF maps three war outcomes: growth slows to 3.1% if conflict is short, drops to 2% if energy disruptions extend into 2027.
Business
NDB Fraud Pattern Extends to Other Banks and NBFIs, Karunanayake Tells Parliament
Former finance minister says CBSL's accountability failures allowed the NDB fraud model to spread to 5-7 other banks and up to 9 NBFIs.
Business
Oil Prices Drop Below $100 as US-Iran Dialogue Hopes Ease Supply Fears
Brent crude falls 1.9% to $97.50 and WTI drops 2.3% to $96.83 as signs of renewed US-Iran talks reduce Hormuz supply risk.
Business
Solar Panel Owners Asked to Switch Off Inverters on New Year Day
Grid operator requests voluntary rooftop solar shutdown until 3pm citing low Avurudu demand and excess generation risk.