FINANCIAL CHRONICLE – Over the past two weeks, the prices of Ceylon tea in Sri Lanka have declined due to economic disruptions in Iran, although […]
Month: January 2026
U.S. Commits Extra $2 Million in Humanitarian Aid to Sri Lanka
The U.S. Embassy in Sri Lanka has announced an additional $2 million in humanitarian assistance from the United States to support communities affected by Cyclone […]
India’s IRCON Commences Reconstruction of Cyclone-Damaged Rail Tracks in Northern Sri Lanka
IRCON International Limited, a state enterprise from India, has commenced the restoration of Sri Lanka’s rail track to Jaffna, which was damaged by Cyclone Ditwah, […]
A Cloud Over the Sun New Tariffs Threaten to Turn Rooftop Solar into a Loss Making Investment
By: Panduka Keerthinanda , Attorney-at-Law, (Courtesy Daily Mirror) “Sooriya Bala Sangramaya” (Solar Energy) program launched around 2016-2017, introducing net-metering and other schemes, boosted by Asian […]
SOLAR POWER: What Has Changed in Practice?
In mid-2025, the Ceylon Electricity Board (CEB) — with Cabinet approval — revised downward feed-in tariffs for solar power for new projects. Rooftop solar rates […]
Stalemate on appointment of Auditor General
The Auditor General Vacancy: Power Forgets Why the Constitution Exists Sri Lanka does not suffer from a shortage of institutions. It suffers from a selective […]
Iqbal Athaas: No Small Passing
Sri Lankan journalism has lost one of its most consequential—and quietly courageous—practitioners with the passing of Iqbal Athaas. In a profession often tempted by proximity […]
Easter Without Answers: Why Power Has Still Failed the Dead
“no majority, however large, can outrun that truth” Nearly seven years after the Easter Sunday bombings tore through churches and hotels, killing more than 270 […]
Chinese Foreign Minister Pledges to Counteract “Law of the Jungle” During Sri Lanka Visit: Report
FINANCIAL CHRONICLE – During a brief visit this week, Chinese Foreign Minister Wang Yi expressed China’s commitment to cooperating with like-minded nations to counter the […]
CBSL Governor Advocates for Revision of IMF Targets for Sri Lanka
Sri Lanka should seek to amend the targets agreed upon with the International Monetary Fund (IMF) as part of the Extended Fund Facility (EFF) arrangement, […]
Emirates Announces New Flight Route to Helsinki, Finland
Emirates, the world’s largest international airline, is set to launch a daily flight route between Helsinki and Dubai starting October 1, 2026, marking a significant […]
Sri Lanka Treasury Bill Yields Increase Amid Reduced Sales
Sri Lanka’s Treasury bill yields experienced an increase across most maturities at the auction held on Tuesday, according to data released by the Public Debt […]
Union Bank Integrates GovPay into BizDirect Platform
Union Bank is enhancing business banking by introducing GovPay to its payments and cash management platform, BizDirect. This new feature allows businesses to make government […]
Sri Lanka Stocks Stabilize Amid Profit-Taking Following Recent Highs
The Colombo Stock Exchange in Sri Lanka closed largely unchanged on Tuesday, according to brokers, as investors engaged in profit-taking following the previous day’s record […]
Sri Lanka Transforms Pelwatte Sugar Site into Thriving Tourism Hub
FINANCIAL CHRONICLE – The Sri Lankan cabinet has given the green light to seek investors for transforming the Pelwatte Sugar Factory premises into tourist attractions […]
Sri Lankan Cabinet Greenlights Estate Land and Property Release for Investment Opportunities
The Cabinet of Ministers in Sri Lanka has given the green light to a proposal aimed at releasing underutilized lands and properties to investors for […]
Sri Lankan Banks Invest Rs3.8bn to Operate Forex Counters at Airport
FINANCIAL CHRONICLE – State and private commercial banks in Sri Lanka have committed to paying up to 970 million rupees each for the opportunity to […]