Colombo port expansion plans gather pace with US$ 2Bn pipeline

29 May 2026

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​The Sri Lanka Ports Authority (SLPA) has unveiled an ambitious investment pipeline reaching up to US$ 2 billion over the next one to three years, aimed at transforming the country’s maritime and logistics sector.

Sri Lankans turn to renovating old homes as building costs soar

26 May 2026

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A dramatic shift is underway in Sri Lanka’s real estate sector as investors and homebuyers increasingly opt to purchase lands with existing structures for renovation, stepping away from ground-up developments.

PM reminds tourism sector not to ignore domestic market amid global shocks

20 May 2026

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Prime Minister Dr. Harini Amarasuriya called on the tourism industry not to overlook the domestic market as a vital buffer against ongoing global shocks, urging stakeholders to prioritise high-quality, sustainable experiences over sheer visitor volume.

Dream of owning home in Sri Lanka slips further

14 May 2026

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The dream of owning a home in Sri Lanka is slipping further out of reach for everyday citizens, even as foreign money pours into the country’s luxury property market. While the economy shows signs of recovery and international investors are eagerly funding high-end apartments and hotels, local families are left facing a massive shortage of affordable housing.

Sri Lanka named priority country in U.S. Food for Progress funding for 2026

05 May 2026

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The United States Department of Agriculture’s Foreign Agricultural Service has officially designated Sri Lanka as a priority country for its Food for Progress programme in the upcoming 2026 fiscal year.

Peter Hill to return to SriLankan Airlines as next Chairman this week?

23 Apr 2026

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SriLankan Airlines is bracing for a highly contentious leadership overhaul at its upcoming board meeting scheduled for this Saturday, April 25.

Sri Lanka on the brink of a crippling medicine shortage

22 Apr 2026

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Sri Lanka is on the brink of a crippling medicine shortage, including essential and life saving medicines, that threatens to paralyze both public and private healthcare sectors, the Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) warned yesterday.

Former insider urges external leadership for SriLankan Airlines to root out entrenched corruption

14 Apr 2026

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SriLankan Airlines is navigating a critical leadership transition as it prepares to appoint a new chairman and chief executive officer, a process that has sparked a fierce internal battle over the future direction of the national carrier.

Sri Lanka’s gaming sector risks falling behind

27 Mar 2026

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Despite recent efforts to formalize its gaming industry through a new regulatory authority and aggressive taxation, Sri Lanka is at severe risk of falling behind global competitors due to glaring blind spots in its digital oversight and a lack of technological readiness.

Mattala Airport field visit set for next week as Gulf carriers weigh alternative transit hubs

25 Mar 2026

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With a crucial field visit scheduled for next week, the Sri Lankan government is advancing discussions with major Gulf carriers to utilise Mattala Rajapaksa International Airport (MRIA) as an alternative transit hub amid escalating geopolitical tensions in the Middle East, Mirror Business learns.

Sri Lanka charts course for high-end marine tourism with focus on shipwreck diving

17 Mar 2026

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Sri Lanka is actively pivoting towards high-value, experiential travel by heavily promoting its untapped marine tourism sector, with a strategic focus on shipwreck diving.

Rising claim ratios squeeze insurance margins

11 Mar 2026

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The Sri Lankan insurance sector is grappling with heavily squeezed profit margins and soaring claim ratios, prompting urgent calls for deeper structural synergies with the private healthcare system.

Regulatory void leaves virtual asset sector exposed to financial crimes

10 Mar 2026

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Sri Lanka’s financial landscape is facing new challenges, as an unregulated virtual asset market opens potential avenues for financial crimes.

Colombo Port starts 2026 strong as transshipment surges 15%

26 Feb 2026

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The Port of Colombo kicked off 2026 with robust performance metrics, driven by a significant expansion in its core transshipment business and the successful scaling of new deep-water terminal capacity.

Govt. cracks down on illegal foreign-run tourism businesses

20 Feb 2026

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Sri Lanka’s tourism authorities, in collaboration with law enforcement agencies, have intensified their crackdown on illegal tourism operations run by foreigners, resulting in the apprehension of 75 individuals

Power and Energy Ministry to set up independent energy regulator as new players strain resources

19 Feb 2026

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The Power and Energy Ministry has initiated moves to establish an independent regulatory authority for the petroleum sector, admitting that it currently lacks the resources and manpower to effectively regulate the expanded market, following the entry of global giants Sinopec and R.M. Parks.

Raising concerns over state asset valuation

RDA leaves 9,000 km of national roads off balance sheet

12 Feb 2026

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The Road Development Authority (RDA) has failed to capitalise nearly 75 percent of the Class A and B road network it manages, leaving billions of rupees worth of state assets off its statement of financial position.

IRCSL bars outside employment for insurance principal officers

17 Jan 2026

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The Insurance Regulatory Commission of Sri Lanka (IRCSL) has issued a fresh directive significantly tightening the employment standards for the principal officers of insurance and brokering companies, effectively barring these top executives from holding any outside employment, consultancy or professional engagements.

Top legal expert urges govt. to consult private sector on proposed EPF pension scheme

15 Jan 2026

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A leading corporate legal expert has urged the government to engage in meaningful consultation with the private sector, including the Ceylon Chamber of Commerce, before proceeding with the proposed conversion of the Employees’ Provident Fund (EPF) into a pension scheme.

Mattala Airport accumulates Rs.39bn in losses as govt. pivots to new PPP model

13 Jan 2026

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Mattala Rajapaksa International Airport (MRIA) has accumulated a staggering Rs.39.3 billion in net losses over the past six years, a recent audit revealed, as the government moves to scrap a previously arranged management handover to an India-Russia joint venture, in favour of a new public-private partnership (PPP) model.