IRD seeks to tax non-resident service providers who surpass Rs. 60 million yearly threshold

The Inland Revenue Department (IRD) has announced that all non-resident persons who provide services to customers in Sri Lanka through electronic platforms must register for Value Added Tax (VAT) if their earnings exceed a specified limit.

CSE slides as investors await USA tariff decision

The Colombo Stock Exchange (CSE) closed the trading day on a negative note. As the new week commenced, the market experienced a decline, with investors engaging in profit-taking throughout the session.

Digital services that will be taxed 18% VAT announced

A gazette notification has been issued announcing the list of digital services on which an 18 percent Value Added Tax (VAT) will be imposed with effect from October 01, 2025.

Expect more severe delays if Govt. doesn’t update e-commerce tax rules: Advocata

Sri Lankan consumers and businesses making purchases from overseas online services could face further delays unless the government updates the country’s outdated e-commerce tax rules, the Advocata Institute has warned.

CSE closes higher following early dip triggered by U.S. Reciprocal tariff concerns

The Colombo Stock Exchange (CSE) closed the trading day on a positive note. The market initially experienced significant selling pressure during the early hours of the session, with the All Share Price Index (ASPI) declining by nearly 150 points.

Well known banker Rienzie Wijetilleke passes away

Well known banker Rienzie Wijetilleke passed away this morning, according to family members.

CSE closes lower but holds above 18,000

The Colombo Stock Exchange (CSE) closed the trading day on a negative note, reflecting a decline in overall market momentum. Despite the downward movement, market sentiment remained mixed, with notable selling pressure observed as investors engaged in profit-taking.

CSE ends positive with strong ASPI gains and active market turnover

The Colombo Stock Exchange (CSE) concluded the trading day on a positive note, reaching a new record high, supported by growing investor confidence and increased market activity. Overall sentiment remained upbeat, driven largely by the announcement that the International Monetary Fund (IMF) Executive Board has approved the fourth review under the Extended Fund Facility (EFF) for Sri Lanka.

CSE begins July with slight pullback but investor activity remains strong

The Colombo Stock Exchange (CSE) commenced the month of July with a slight decline in both All Share Price Index (ASPI) and S&P SL20 and , following a period of sustained gains. Despite the market’s modest pullback, investor activity remained strong, reflecting continued confidence and interest.

CSE closes June quarter with ASPI surpassing 18,000 mark

The Colombo Stock Exchange (CSE) closed the month on a historic high, with the All Share Price Index (ASPI) surpassing the 18,000 mark for the first time. This achievement reflects a continued wave of investor optimism and strong market momentum, supported by active participation across multiple sectors.

ASPI crosses 18,000 mark

The Colombo bourse saw the All Share Price Index (ASPI) cross the 18,000 milestone for the first time in history today.

Prada Acknowledges Sandals Inspired By Indian Kolhapuri Footwear

In an exclusive statement given to NDTV, Prada has finally acknowleged that the footwear pieces featured in its Men’s 2026 Spring/Summer show in Milan, were isnpired by the traditional Indian handcrafted pieces made in specific districts of Maharashtra and Karnataka.

SL lacks reform momentum despite political shift: Top economist

Sri Lanka is falling short of delivering the structural transformation it claims to seek, despite the growing rhetoric around revival and sustainable growth, warned internationally renowned economist Prof. Razeen Sally.

MasterChef Sri Lanka fires up island’s culinary scene

The much-anticipated MasterChef Sri Lanka, the 71st international adaptation of the globally celebrated culinary reality show, was officially launched on 26 June at Cinnamon Grand Colombo.

CSE records all-time high with ASPI reaching 17,740.46 in a record-breaking performance

The Colombo Stock Exchange (CSE) closed on a strong positive note today, recording a new all-time high in both intraday and closing levels of the All Share Price Index (ASPI), which settled at 17,740.46. The market witnessed heightened investor activity across all segments, including retail investors, high-net-worth individuals, and institutional participants.

CSE continues positive momentum as Middle East tensions ease

The Colombo Stock Exchange (CSE) closed on a strong positive note today, continuing the upward momentum observed yesterday following the ceasefire announcement between Iran and Israel. Both the All Share Price Index (ASPI) and the S&P SL20 Index recorded significant gains, reflecting improved investor sentiment.

CFA awards spotlight SL’s capital-market trailblazers

The CFA Society Sri Lanka marked its 12th annual Capital Market Awards last evening (24 June) honouring individuals and institutions that demonstrated excellence in the country’s capital markets.

CSE Shows Strong Recovery with ASPI Up 425 Points

The Colombo Stock Exchange (CSE) closed on a strong positive note today, with both the All Share Price Index (ASPI) and the S&P SL20 Index recording significant gains. The upward momentum was driven by improved global investor sentiment following the announcement of a ceasefire between Iran and Israel, which had been engaged in nearly two weeks of conflict.

CSE declines sharply as Middle East tensions worsen

The Colombo Stock Exchange (CSE) closed on a negative note today, recording a significant decline from the start of the trading session, as both the ASPI and S&P SL20 indices fell sharply. The downturn was primarily driven by escalating geopolitical tensions between Iran and Israel, which continue to deteriorate. Investor sentiment remains highly cautious, particularly amid growing concerns over U.S. involvement in the conflict.

World Bank Group to support Sri Lanka’s clean energy transition with $150 million program

The World Bank Group today approved a new $150 million program to support Sri Lanka’s move toward clean, reliable, and affordable energy. The program—Secure, Affordable, and Sustainable Energy for Sri Lanka—will support the country reduce its reliance on expensive fossil fuel imports and accelerate its shift toward solar and wind.

CSE ends positively as indices rebound

The Colombo Stock Exchange (CSE) closed on a positive note today, marking a recovery after several consecutive sessions of decline. Both the All Share Price Index (ASPI) and the S&P SL20 recorded gains, reflecting renewed investor activity.

CSE slides further with ASPI dropping under 17,000

The Colombo Stock Exchange (CSE) continued its downward trend, closing the day on a negative note as both the All Share Price Index (ASPI) and the S&P SL20 declined. The sustained downturn was primarily driven by ongoing geopolitical tensions in the Middle East.

New Chairman appointed to stock exchange

The Colombo Stock Exchange (CSE) announced the appointment of Dimuthu Abeyesekera as the new Chairman of its Board of Directors.

Altair Colombo unsold units acquired by Blackstone

Global investment firm Blackstone has acquired the unsold inventory of Altair luxury residential project and South City Mall in Kolkata from South City Projects for INR 3,250 crore.

CSE keeps falling as Middle East tensions rise

The Colombo Stock Exchange (CSE) ended the day in negative territory, continuing its recent decline, as both the All Share Price Index (ASPI) and the S&P SL20 fell. Selling pressure increased throughout the session, mainly due to rising tensions in the Middle East.

CSE continues to decline as geopolitical situation in the Middle East worsens

The Colombo Stock Exchange (CSE) closed the day on a negative note, continuing its recent downward trend, with both the All Share Price Index (ASPI) and the S&P SL20 recording declines. During the initial hour of trading, the ASPI showed a gain of nearly 150 points; however, the market reversed course in the latter part of the session, driven by panic selling among investors amid escalating geopolitical tensions in the Middle East.

Special fixed deposit scheme for senior citizens

The government has decided to introduce a special fixed deposit scheme for senior citizens, as proposed in the 2025 budget, Cabinet Spokesman and Minister Nalinda Jayatissa said today.

CSE decline continues as geopolitical tensions intensify

The Colombo Stock Exchange (CSE) ended the day on a negative note, marking its second consecutive session of decline, as investor sentiment remained weighed down by escalating geopolitical tensions in the Middle East.

CBSL welcomes IMF First Deputy Managing Director Dr. Gita Gopinath

Governor of the Central Bank of Sri Lanka Dr.Nandalal Weerasinghe, together with senior officials of the CBSL welcomed Dr. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF) and Dr. Krishna Srinivasan, Director of the Asia and Pacific Department (IMF) along with other senior officials.

CSE declines following geopolitical tensions in middle east

The Colombo Stock Exchange (CSE) closed the day on a negative note, following a major military strike launched by Israel on multiple military and nuclear sites across Iran. This geopolitical escalation led to heightened investor caution, contributing to a broad-based decline in the market throughout the trading session.