COLOMBO – The latest analysis of local banks suggests that Sri Lanka’s banking sector may be far stronger than headline profit figures indicate, once the […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
Sri Lanka Reinstates QR System to Manage Fuel Rationing
FINANCIAL CHRONICLE – Sri Lanka has restricted fuel supply to all motorists with effect from Sunday (15) citing “the prevailing geopolitical developments in Middle East,” […]
Sri Lanka’s February Tourism Revenue Declines by 4.3%
FINANCIAL CHRONICLE – Sri Lanka’s foreign exchange revenue from tourism in February 2026 edged down 4.3 percent from a year ago to US$352 million, the […]
Sri Lanka Considers Russian Fuel Acquisition Following U.S. Sanction Lift
FINANCIAL CHRONICLE – Sri Lanka has started talks on possibilities of buying Russian oil after the United States eased the sanctions on fuel purchase from […]
Sri Lanka’s Commercial Banks Deplete MSME Loan Quotas; Ministry to Infuse New Funds
FINANCIAL CHRONICLE – Three of Sri Lanka’s private commercial banks have already exhausted their current loan quotas for micro, small, and medium enterprises (MSMEs), and […]
SriLankan Airlines Boosts Australian Routes to Meet Growing Demand
FINANCIAL CHRONICLE – SriLankan Airlines, the national carrier of Sri Lanka, plans to enhance its service to Australia starting in August this year, responding to […]
Sri Lankan Cabinet Approves Relief Package for Export Crops Hit by Disasters
The Cabinet of Ministers in Sri Lanka has sanctioned a relief package aimed at supporting the re-cultivation of key export crops such as tea, rubber, […]
Sri Lanka Invests Rs131.02 Million to Enhance Jaffna’s Tourism Infrastructure
Sri Lanka is set to allocate an estimated 131.02 million rupees for the development of tourism infrastructure in the Jaffna District, according to Minister Nalinda […]
Sri Lanka’s Economic Balancing Act: Tackling Rising Oil Prices and High-Stakes Challenges
As of March 9, 2026, the global energy landscape has experienced a dramatic shift due to a sudden and sharp increase in oil prices. Brent […]
Iran Conflict Sparks 25% Surge in Global Oil Prices
Global oil prices have surged approximately 25%, reaching their highest level since mid-2022, driven by the escalating conflict involving Iran, according to reports from foreign […]
Sri Lanka Announces Formation of ‘Innovation Authority’ through Industrial Agency Merger: Minister
Sri Lanka is set to enhance its industrial regulatory framework by merging three key state agencies into a single entity, as announced by the Minister […]
Sri Lanka Establishes Maize Committee to Regulate Prices and Imports
Sri Lanka is establishing a new committee, appointed by the Secretary to the Ministry of Agriculture, Livestock, Lands, and Irrigation, to determine maize prices in […]
Sri Lanka Sees 16.2% Surge in Tourist Arrivals in February 2026
According to data released by the tourism development authority, Sri Lanka experienced a 16.2 percent increase in tourist arrivals in February 2026, compared to the […]
Sri Lanka Anticipates Reduced Fuel Queues with New Anti-Hoarding Measures Starting Tuesday
FINANCIAL CHRONICLE–The Sri Lankan government anticipates that fuel queues will dissipate starting Tuesday (03), following measures to prevent fuel hoarding and ensure an adequate supply, […]
US-Israel Strike on Iran Jeopardizes Sri Lanka’s Fragile Recovery
As the sun rose over Colombo on February 28, 2026, news of a coordinated military strike by the United States and Israel against Iranian strategic […]
People’s Bank of Sri Lanka Achieves Record Profits and Asset Growth in FY 2025
Sri Lanka’s state-owned lender, People’s Bank, has announced a record-breaking consolidated profit of 43.5 billion rupees for the financial year 2025, driven by substantial gross […]
Sri Lanka Harnesses Economic Potential by Embracing Digital Nomads
FINANCIAL CHRONICLE – Sri Lanka is poised to enhance its gross domestic product by welcoming ‘digital nomads’ to reside on the island and engage in […]
Sri Lanka’s Smaller Banks Under Spotlight as Central Bank Drives Consolidation: Fitch
Fitch Ratings has expressed a positive outlook on the Central Bank of Sri Lanka’s (CBSL) reintroduction of a consolidation framework for the banking sector, viewing […]