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Sri Lanka’s macroeconomic adjustment under the International Monetary Fund (IMF) programme risks weakening the country’s dollar-generating sectors, even as it meets the key targets, a senior economist said, highlighting the emerging strains in credit, fiscal space and private sector balance sheets.
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REUTERS: The oil prices fell by over 13 percent yesterday after US President Donald Trump said he would order the military to postpone any strikes against Iranian power plants and energy infrastructure.
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Singer Sri Lanka celebrated a historic milestone at the SLIM-KANTAR People’s Awards 2026, securing a triple victory while marking 20 consecutive years as the People’s Brand of the Year, an achievement made possible by the enduring trust and loyalty of Sri Lankan consumers
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The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, John Keells Holdings and RIL Property with the turnover crossing Rs. 2.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Commercial Bank and Hayleys. Mixed interest was observed in Lanka IOC, Colombo Dockyard and Sampath Bank whilst retail interest was noted in U
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Bank of Ceylon (BOC) recently concluded a highly impactful and strategically significant visit to India, reaffirming its commitment to strengthening international banking relationships, enhancing regulatory engagement and unlocking new avenues for growth across the region.
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As Sri Lanka looks to strengthen food security, uplift rural livelihoods, and build a more resilient economy, agriculture is once again taking centre stage. Yet, long-standing structural challenges—from low productivity to fragmented practices—continue to limit the sector’s full potential. Recognising that sustainable progress requires more than just financial support, Commercial Bank of Ceylon PLC has taken a more integrated and forward-looking
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Hatch, an innovation and entrepreneurship platform, announced the successful conclusion of the second cohort of its GoviLab AgriTech Accelerator programme, run in partnership with the Sarvodaya Shramadana Movement. The programme is designed to champion technological innovation and scale-up high-potential solutions within Sri Lanka’s agricultural sector, with a specific focus on uplifting smallholder farmers.
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Recognising the rapidly expanding role of Chartered Accountants in governance, regulatory compliance and corporate integrity, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched the Faculty of Business Law and Regulatory Compliance recently.
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Sri Lanka’s logistics sector has begun absorbing the first clear pass-through from the global oil price shock, with container transport operators raising charges by 20 percent from Monday as fuel costs surge following disruption in the Strait of Hormuz.
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Nearly two-fifths of the country’s import basket is directly exposed to global commodity price shocks, underscoring the economy’s vulnerability to external supply disruptions, research from the Institute of Policy Studies of Sri Lanka (IPS) highlighted.
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People’s Bank has successfully completed Sri Lanka’s largest debenture issue to date, mobilising Rs. 25 billion through a Basel III compliant, Tier 2, unlisted, rated, unsecured, subordinated, redeemable debenture, accordion to a press release issued by the Bank.
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National Development Bank PLC (NDB) commemorated raising Rs.16 billion with its first ever issuance of BASEL III compliant GSS+ (Green, Social, Sustainable & Sustainability Linked) bonds and the country’s largest issuance of GSS+ bonds to date by way of a market opening ceremony conducted on the trading floor of the Colombo Stock Exchange (CSE) last Friday.
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The Board of Investment (BOI) has indefinitely postponed the Sri Lanka Investment Forum 2026, originally scheduled for March 30, citing ongoing global developments and their severe impact on international travel and logistics.
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Sri Lanka’s app-based ride-hailing and delivery platforms, Uber and PickMe, have formally requested the government to allocate higher weekly fuel quotas for their most engaged driver and delivery partners.
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The Sri Lanka Bottled Water Association (SLBWA) has requested President Anura Kumara Dissanayake to revoke or temporarily suspend the gazette introducing maximum retail prices (MRPs) for bottled drinking water, considering the cost-related pressures faced by the industry.
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Nations Trust Bank (NTB) recently hosted the ‘Beyond Ordinary – Nations Business Advisory’ event, a knowledge sharing platform designed to provide businesses with timely advisory perspectives, economic insights and practical business enablement relevant to the current operating environment.
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HNB PLC has rolled out its Happiness Cards campaign, bringing together a new positioning and way of living with seasonal savings, flexible payment options and lifestyle benefits through a card proposition built around what matters most to the cardholders during the season.
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As households prepare for the Sinhala and Tamil New Year during a period of rising living costs, DFCC Bank has launched its Avurudu 2026 card campaign, themed ‘The most rewarding swipe of the Avurudu’, offering the customers practical ways to manage seasonal spending while continuing to celebrate with family and loved ones.
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The Colombo District Court issued an enjoining order on March 16, 2026, against several websites and YouTube channels alleged to have published false and defamatory statements concerning the Pentara project in Thummulla, developed by the Home Lands group.