FINANCIAL CHRONICLE — Sri Lanka has officially designated March 9, 2026, as the date for the full implementation of the Sri Lanka Electricity Act, No. […]
Month: March 2026
Temporary Strait of Hormuz Closure Minimizes Oil Price Fluctuations
The effective closure of the Strait of Hormuz, a key driver of recent oil price increases following the outbreak of the Iran conflict on February […]
Stocks Brace for Challenges Amidst Rising Oil Prices and Escalating Middle East Conflict
Asia stocks experienced a decline on Friday, heading towards their sharpest weekly drop in six years, while oil prices were set for their largest increase […]
Aviation Watch – Gulf Routes under Scrutiny
The Middle East crisis has begun to ripple through aviation networks, and Sri Lanka’s airlines are watching developments closely. Flights connecting Colombo with Gulf cities […]
IRANIAN VESSEL TWO
Early this morning Sri Lanka media raised a question that, at the time, appeared speculative but deeply plausible. Could there be a second Iranian naval vessel approaching Sri […]
Sri Lankan Rupee Declines as Bond Yields Remain Stable
FINANCIAL CHRONICLE – On Friday, the Sri Lankan rupee was quoted at 311.30/60 against the US dollar in the spot market, reflecting a decline from […]
UPDATE: The President Speaks on Iranian Vessel # 2
PRESIDENT AKD SPEAKS – BUSHEHR, HUMANITY AND A DELICATE BALANCE President Anura Kumara Dissanayake addressed the nation last evening in a special statement after confirmation that the […]
Oil Shock Fears – Sri Lanka Watches The Gulf
As tensions escalate in the Gulf, Sri Lanka’s economists are watching one number above all others: the price of oil. The island imports nearly all […]
Trump Tariffs struck down- US court orders refunds of billions US$
A major legal and economic drama is unfolding in Washington after a federal trade court ordered the U.S. government to begin refunding billions of dollars […]
Sri Lanka Central Bank Governor to Participate in Asia-Pacific Talks with IMF Chief
Sri Lanka’s Central Bank Governor, Nandalal Weerasinghe, is set to participate in a high-level regional discussion on Friday alongside International Monetary Fund Managing Director, Kristalina […]
CDS Accounts Surpass One Million Milestone
Central Depository Systems (Pvt) Ltd (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has reached a significant milestone, with total registered accounts exceeding one […]
Negotiating with a wolf will not save the sheep or bring lasting peace.
It only sets the day for the next meal. – Claimed to be written by Aisha Gaddafi. “O steadfast and freedom-loving people of Iran! I […]
Government Gazette Announces CEB Restructuring and Formation of Successor Companies Starting March 9
An Extraordinary Gazette has been issued by Energy Minister Kumara Jayakody, initiating the transfer of functions and duties of the Ceylon Electricity Board (CEB), effective […]
Sunshine Holdings Enhances Digital Transformation with Innovative People Management Platform
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) has announced the launch of its new Group-wide people management platform, marking a significant milestone in the organization’s […]
Sri Lanka Evaluates Iran’s Request for Three Ships Ahead of U.S. Strike: President
FINANCIAL CHRONICLE – Sri Lanka is currently evaluating Iran’s request to dock three ships, including the IRIS Dena, which was sunk by a U.S. submarine, […]
Sri Lanka Secures Additional Rs7.5bn Through Post-Auction Treasury Bill Sale
FINANCIAL CHRONICLE – The Public Debt Management Office of Sri Lanka has successfully sold treasury bills amounting to 7,500 million rupees through a tap issuance, […]
A War at Sri Lanka’s Doorstep: Why the Latest US Naval Strike Raises Questions of Sovereignty?
Sri Lanka has unexpectedly found itself on the edge of a widening global conflict after a U.S. submarine strike sank an Iranian naval vessel near […]
Sri Lankan Rupee Declines as Bond Yields Remain Stable
On Thursday, Sri Lanka’s rupee concluded trading in the spot market at 310.50/311.10 against the US dollar, showing a slight depreciation from the previous day’s […]