Business
Litro and LAUGFS both hold LP gas prices steady for August
Litro holds 12.5kg cylinder at Rs. 4,465 for August, citing consumer relief; LAUGFS also freezes refill prices.
Business
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Business
MAS Holdings backs French nylon recycling firm in $30mn funding round
Sri Lanka's MAS Holdings joins lululemon, Bpifrance and EQT Ventures in Syntetica's Series A, backing technology that recycles mixed nylon textile waste.
Business
Metro Bus launches Rs. 799 weekend pass for unlimited travel
Lanka Metro Transit's new pass allows unlimited weekend travel on Metro Bus services for Rs. 799, with free travel for children under 12.
Business
Over 15 assembly plants now operating as Sri Lanka's auto industry shifts from imports
Motor vehicle industry reports strong recovery in 2026 with increased vehicle assembly and dealer activity.
Business
Sri Lanka Signs Japan Recruitment Deal for Skilled Professionals
The Sri Lanka Foreign Employment Agency has signed an MoU with Japan's METATECHNO INC. to place IT and engineering professionals in the Japanese labour market.
Business
Audit finds Rs.108bn in disputed tax locked in Tax Appeals Commission backlog
A National Audit Office report says 626 appeals remain unresolved, with a three-month chairman vacancy leaving the commission's work completely paralysed.
Business
AI could lift Sri Lanka's gem exports toward $1bn target, analysis says
Research analysis argues machine learning and blockchain could modernise gemstone grading and origin tracing.
Business
CAA raids 471 pharmacies this year, detects 86 violations in two-day sweep
The Consumer Affairs Authority says courts have imposed Rs. 2.27 million in fines after raids uncovered expired medicines and missing consumer information.
Business
Deputy Minister says Central Bank vigilance could have stopped $2.5m theft
Central Bank treasurer reports $2.5 million theft during Public Debt Department transition period.
Business
Twenty corporates pledge commercial mediation as court backlog hits 1.2 million cases
Sri Lankan companies signed a pledge to use commercial mediation for disputes, following a new law giving mediated settlements binding, enforceable status.
Business
Colombo bourse rebounds as Cargills crossings lift turnover past Rs. 8bn
The ASPI gained 0.40% to 21,166.94 on Wednesday as crossings in Cargills and Hayleys drove turnover to roughly three times the previous session.
Business
Government to re-invite bids for stalled Dedduwa lake resort, PM tells Parliament
Reinvited tender process for Dedduwa resort development project in Colombo attracts new bids from investors.
Business
Fishing cleared to resume from Puttalam to Hambantota as winds ease
The Department of Fisheries has lifted its ban between Puttalam and Hambantota, but the Hambantota-Pottuvil stretch remains closed as dangerous.
Business
Handunnetti says textile sector's future rests on innovation as Intex opens
Intex–InMac 2026 opens at BMICH; Minister flags Eravur Textile Park investment and India FTA, GSP+ talks.
Business
Five-hour water cut for Poojapitiya scheme areas in Kandy on Thursday
NWSDB suspending water supply across five Kandy schemes from 9.00 a.m. to 2.00 p.m. Thursday.
Business
Pan Asia Bank appoints B.D.A. Perera as Chairman
Pan Asia Bank's board changes took effect on August 3. B.D.A. Perera succeeds Aravinda Perera, who chaired the bank for nine years.
Business
Overseas job departures hit highest monthly level of 2026 in July
The SLBFE says 25,622 Sri Lankans left for foreign employment in July, up 4.84% on June and the highest single-month figure this year.
Business
Sri Lanka opens honorary consulate in Cambodia to push trade and tourism
The new consulate in Phnom Penh will promote bilateral trade, investment and tourism, and provide consular services to Sri Lankans in Cambodia.
Business
Minister and Deputy Minister clash over interim CEO pick at SriLankan Airlines
A dispute over appointing an interim CEO at loss-making SriLankan Airlines has escalated between the Ports and Civil Aviation Minister and his Deputy.
Business
President presses institutions on anti-money laundering evaluation as three new Acts take effect
President stresses AML/CFT Mutual Evaluation importance; three new financial crime laws certified.
Business
Six IPS researchers win graduate scholarships at Oxford, UCL and other universities
Six researchers from the Institute of Policy Studies of Sri Lanka have won funded postgraduate places at Oxford, UCL, Lancaster, Guelph and Nottingham Trent.
Business
Paddy Marketing Board buys 15,000MT of Yala harvest through 90 stores
PMB purchases reach 19,592 MT of Yala paddy through 90 stores, doubling its late-July figure within two weeks.
Business
Sri Lankans working in India to keep paying into local EPF under proposed pact
Draft Social Security Agreement would allow Sri Lankans in India to remain in local EPF scheme.
Business
Sri Lanka to trial dedicated motorcycle lanes, starting at Kaluwanchikudy
Transport Minister Bimal Rathnayake says motorcycle-only lanes will be trialled at Kaluwanchikudy, separated by physical barriers rather than painted markings.