Russel’s (Pvt) Ltd hosted its Annual Awards Ceremony on January 31, 2026, at the prestigious Chamber of Commerce Auditorium in Colombo. The event celebrated the […]
Category: Latest News
Real-time updates and breaking news covering key developments across business, economy, politics, and public affairs.
Sri Lankan Rupee Declines as Bond Yields Hold Steady
On Monday, Sri Lanka’s rupee was quoted weaker at 309.30/40 against the US dollar in the spot market, compared to 309.25/35 on Friday, continuing its […]
IFC Commits $20 Million to Fund John Keells Port Terminal in Sri Lanka
The International Finance Corporation (IFC), based in Washington, is preparing a financing package valued at $20 million for South Asia Gateway Terminals (SAGT), a subsidiary […]
How Sri Lanka Banking Act Section 83C Puts Plantation “Investment” Schemes Under Legal Spotlight?
Recent warnings by the Governor of the Central Bank of Sri Lanka have drawn sharp attention to a little-discussed but powerful legal provision now central to ongoing […]
Sri Lanka’s CPC Reduces Diesel and Petrol Prices by Rs.2 Amid Global Price Drop and Rupee Depreciation
Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) has announced a reduction in the prices of White Diesel and Octane 92, decreasing each by Rs. 2. […]
Sri Lanka Rupee Bonds See Surge in Foreign Investment, Reaching 27-Month High
Foreign investments in Sri Lanka’s government securities have reached their highest level in 27 months, as offshore investors purchased approximately US$21.5 million worth of bonds […]
Sri Lanka Appeals to UN Disaster Fund for Cyclone Recovery Aid
Sri Lanka is set to seek financial assistance from the United Nations’ Fund for Responding to Loss and Damage, as part of its efforts to […]
DIMO Illuminates SSC for International Day–Night Cricket Event
DIMO has successfully completed the design, supply, installation, and commissioning of a state-of-the-art floodlighting system at the Singhalese Sports Club (SSC), making it Colombo’s second […]
Sri Lanka’s 2025 Vehicle Imports Surpass USD 2 Billion Mark
According to the External Sector performance data for December 2025 released by the Central Bank of Sri Lanka (CBSL), vehicle imports in Sri Lanka surpassed […]
Marking Three Decades Since the 1996 Central Bank Bomb
Sri Lanka today commemorated the 30th anniversary of the terrorist attack on the Central Bank headquarters in Colombo, an incident that resulted in the loss […]
Sri Lanka Successfully Sells Additional Rs6bn in Treasury Bonds Post-Auction
Sri Lanka has successfully sold bonds worth 6,000 million rupees through a tap issue at an average rate determined by an auction earlier this week. […]
Sri Lanka’s Construction Sector Surges in December 2025 Amid Challenging Weather Conditions: PMI
In December, Sri Lanka’s construction sector demonstrated growth, achieving a value of 67.1 on the Purchasing Managers Index, an increase from November’s 66.2, according to […]
Sri Lanka Faces 2.3% Inflation in January 2026 Amid Sharp Rise in Food Prices
Sri Lanka’s Colombo Consumer Price Index (CCPI) based headline inflation, measured year-on-year, saw an increase in January 2026 after maintaining the same level for three […]
Sri Lanka Central Bank Chief Cautions Against High-Yield Plantation Investments
The Central Bank Governor of Sri Lanka, Nandalal Weerasinghe, has urged citizens to exercise caution when considering investments in high-return crop cultivation ventures. Many individuals […]
Sri Lankan Rupee Declines as Bond Yields Remain Stable
Sri Lanka’s rupee experienced a decline, closing at 309.25/35 against the US dollar in the spot market on Friday. This follows an opening rate of […]
CSE Achieves Remarkable 5.25% Growth in January
The Colombo Stock Exchange experienced losses for the second consecutive trading day on January 30, despite maintaining a strong overall performance for the month. The […]
Pan Asia Bank of Sri Lanka Stripped of Primary Dealer License
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has announced the cancellation of Pan Asia Bank’s Primary Dealer License, effective October 23, 2025. According […]
Colombo Experiences Inflation Surge in January 2026
In January 2025, the overall year-on-year inflation rate, as measured by the CCPI, stood at 2.3%. By December 2025, this rate slightly decreased to 2.1%. […]