Business
Warren Buffett steps down as Berkshire chairman, son Howard takes the chair
Buffett, 96, becomes chairman emeritus after six decades building Berkshire Hathaway into a $1.1 trillion conglomerate. He remains on the board.
Business
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Business
Chamila Wijethunge elected TAASL President, second woman to hold the post
The Travel Agents Association of Sri Lanka held its 51st AGM in Kathmandu, electing the Acorn Travels representative to lead the trade body.
Business
CSE snaps four-session losing streak, but decliners still outnumbered gainers
The ASPI closed up 32.83 points at 21,056.26 on Friday, ending a four-day slide on thin turnover and negative market breadth.
Business
Colombo-based heads of mission begin three-day Eastern Province tourism tour
Heads of foreign missions in Colombo began a three-day Eastern Province tour organised by the Foreign Ministry to showcase tourism and investment potential.
Business
DP Aviation to rebrand as OCERA Airlines and move into international flying
The domestic carrier plans Airbus A220s, a ten-aircraft fleet by 2030 and about 400 new jobs, with Katunayake as hub and stronger Jaffna–India links.
Business
Maha season water issue dates to be settled today, with reservoirs at a third of capacity
The Department of Agriculture meets farmer organisations and the deputy minister to fix the start and end of the Maha season, after the driest run-up in years.
Business
India funds Nagapattinam–KKS ferry for a third year at Rs. 300 million
India extends ferry funding to Nagapattinam-KKS for third year at Rs. 300m; 52k passengers since Aug 2024.
Business
Oil falls 2% as Saudi Arabia moves to restore damaged East-West pipeline
Oil falls 2% as Saudi signals pipeline capacity restoration within days, easing supply scare.
Business
Fish prices ease at Peliyagoda as larger stocks come in
Wholesale linna is at Rs. 800 a kilo and balaya between Rs. 800 and Rs. 900, with traders citing bigger landings from several areas.
Business
Economic growth slows to 4.2% in the second quarter, the weakest since 2024
Q2 growth slows to 4.2%, lowest in two years, as agriculture contracts and services growth halves.
Business
Rupee firms to 330.90 as bond yields extend recovery from Tuesday's spike
The rupee strengthened to 330.90/331.25 on Friday and yields fell across five of six tenors, retracing most of Tuesday's sell-off.
Business
Government aims to lift Samurdhi lending to Rs. 70 billion next year
Samurdhi banks disbursed Rs. 60bn last year; government aims to lift lending to Rs. 70bn next year.
Business
Two SriLankan pilots flying where their fathers flew mark the airline's 47th year
Captain Shavantha Pedris and Senior First Officer Nuwan Jayawickrama, both sons of Air Lanka's pioneering crew, spoke at an aviation college talk series.
Business
Treasury bill auction fills its Rs. 70bn target, but yields rise across every maturity
The debt office cut its three-month offer by Rs. 10bn after last week's undersubscription. This time it sold out — by paying 15 basis points more.
Business
Fruit drink seller fined Rs. 42,000 over fake labels after five years undetected
Wattala man fined Rs. 42,000 over fake labels on fruit drinks after five years undetected.
Business
Four bank officials bailed in the phantom-import currency case, barred from their own banks
Colombo's Chief Magistrate released four private bank officials on bail but banned them from entering their banks. Jeffrey Mohamed stays in remand to October 1.
Business
Five businesses fined Rs. 140,000 over diapers sold without importer details
Consumers complained that diapers deteriorated and tore in use. All five defendants pleaded guilty and the court ordered the seized stock destroyed.
Business
Central Bank orders Dambulla resident to stop taking public deposits and refund them
CBSL orders Dambulla resident to stop taking deposits and refund funds under Finance Business Act.
Business
CSE falls a fourth straight session as ASPI closes just above 21,000
The All Share Price Index shed 109.98 points to 21,023.43 on Thursday. Foreign investors sold a net Rs. 213 million, the heaviest outflow of the week.
Business
David Pieris opens eighth BAIC showroom with Kandy outlet
The new Katugastota Road showroom extends the Chinese marque's Sri Lankan network, which now carries three BAIC models including a fully electric SUV.
Business
Sri Lanka stages first national pavilion at Fine Food Australia, EDB reports
Twelve exporters showed tea, spices, coconut and seafood products across 90 sqm in Melbourne, in the country's first national stand at the trade fair.
Business
Sri Lanka's first battery storage plant and a floating solar farm join the grid
Sri Lanka's first battery storage plant (10 MW/40 MWh) and floating solar farm (5 MW) connected to grid.
Business
Hilton named Sri Lanka's top workplace for a second year as hotel sector dominates rankings
Hilton retained the No. 1 Best Workplace position in Great Place To Work's Sri Lanka rankings, while Amari Colombo was certified with a 91% Trust Index score.
Business
Sri Lanka joins 15th IMF–Japan High-Level Tax Conference in Japan
Sri Lanka joins 15th IMF–Japan tax conference on revenue mobilisation and tax administration.