After several consecutive sessions of upbeat performance, the market shifted to the red zone today, with both indices closing lower amid cooling investor sentiment. The session reflected a phase of profit-taking, following the strong rallies seen ear

Sri Lanka’s retail sector is in for some major competition as business tycoon Dhammika Perera-controlled Hayleys PLC yesterday announced fresh plans to foray into the large-scale supermarket segment.

Consumer prices measured by the broader National Consumer Price Index picked up pace in September in a mirror image of how the Colombo prices changed for the same month.

Foreign capital continued to flow into Sri Lanka at a brisk pace in the first nine months of 2025, with inflows reaching US $ 827 million, the Board of Investment (BOI) said yesterday, marking a 138 percent jump compared to the same period in 2024.

Port City Colombo yesterday announced the completion of the first phase of its infrastructure development, a key milestone in Sri Lanka’s most ambitious urban development project to date.

Sri Lanka’s progress in improving economic performance and rebuilding invwestor confidence following its debt restructuring received thumbs up from the International Monetary Fund (IMF) this week.

Sri Lanka is charting an ambitious course to position itself as a regional leader in the digital economy, building its competitiveness on governance, data protection and artificial intelligence (AI) and defining “trust” as its national value prop

Plantation companies yesterday pushed back against President Anura Kumara Dissanayake’s bid to raise estate worker wages, warning the move has no firm economic logic and would saddle the sector with an additional Rs. 13 billion burden per year.

The Colombo Stock Exchange (CSE) continued its upward momentum today, supported by renewed investor sentiment and sustained buying interest across key sectors. Following yesterday’s mixed performance, both the All Share Price Index (ASPI) and the S

United Petroleum Lanka yesterday expressed “deep disappointment” over the challenges it faced during its short-lived operations in the island nation, stating similar issues have now extended to its exit.

As Sri Lanka positions itself on the cusp of an AI-driven transformation, a top Indian economist has urged the island nation to look less to the West and more towards its immediate neighbour, India, whose experience with artificial intelligence offer

Sri Lanka is ramping up efforts to bridge its widening skill gap as the policymakers and industry leaders warned that the country’s future competitiveness hinges on developing a workforce equipped for rapid technological and structural change.

The IMF hailed Sri Lanka’s stronger growth and rising reserves, yet cautioned that the country’s recovery depends on delivering tough reforms in energy, SOEs and debt restructuring.

Sri Lanka’s tourism sector has logged a successful entry into the final quarter of the year, with tourist arrivals from October 1-6 reaching 34,046.

The World Bank yesterday placed the private sector at the heart of Sri Lanka’s growth strategy as it acknowledged the government’s limited fiscal space that leaves little room for state-led investment.

Sri Lanka’s small businesses are now getting their loans mostly at around 10.0 percent on average, a level they finally had in early 2022, right before the economy came crashing down, sending the interest rates through the roof when the Central Ban

The ZeroPlastic Movement is calling on the government to impose a minimum price of at least Rs.10 on all plastic shopping bags, warning that a new gazette set to take effect on November 1, 2025 may fail to reduce plastic pollution, due to a significa

Three leading business chambers in Sri Lanka have filed a writ application in the Court of Appeal, challenging the Inland Revenue Department’s (IRD) move to collect the Value Added Tax (VAT) from October 1, without first implementing the legally ma

To successfully execute its national Artificial Intelligence strategy, Sri Lanka must establish a central coordinating body such as a National AI Centre and forge its own path rather than copying models from Silicon Valley or China.

Sri Lanka’s sovereign debt restructuring has eased the borrowing costs and restored investor access to financial markets. However, all is not rosy yet, as the country faces a complex post-restructuring debt portfolio that requires stronger public d

In a move to crack down on potential money laundering, the Central Bank of Sri Lanka announced it will soon mandate that all cryptocurrency (crypto) and virtual asset service providers register with the government to continue their operations.

The Central Bank is championing a robust regulatory strategy focused on building public trust to underpin the nation’s rapid digital economic expansion, the officials announced at Sri Lanka Fintech Summit 2025, in Colombo.

The Central Bank set the record straight this week on where they have to end up in the external reserves by the end of the year as reports circulating are carrying various numbers claiming what the Central Bank

The Central Bank kept its benchmark overnight policy rate unchanged at 7.75 percent at its monetary policy meeting this week, stating the previous easing measures were taking effect and would guide inflation towards its medium-term target of 5 percen

Sri Lanka’s exports maintained steady momentum in August 2025, with total earnings climbing 2.6 percent year-on-year (YoY) to US$ 1.61 billion, showing resilience across key sectors even as apparel shipments softened.

The consumer prices, as measured by the National Consumer Price Index (NCPI), climbed 1.5 percent in August from a year earlier, accelerating from July’s 0.7 percent.

The government has introduced a significantly revised and less generous incentive framework for investors in the Colombo Port City Special Economic Zone (SEZ), slashing lengthy tax holidays and raising investment thresholds.

S&P Global Ratings yesterday raised Sri Lanka’s long and short-term foreign currency sovereign credit ratings to ‘CCC+/C’, from ‘SD/SD’, while affirming its ‘CCC+/C’ ratings on local currency debt.

The local construction sector grew by a robust 8.5 percent in the three months ended in June 2025 from the same period in 2024, extending its nearly two-year long growth which began in the final quarter of

For Sri Lanka’s public sector workers, the pay raises have failed to keep pace with the soaring inflation, leaving the families struggle to cover the basic living costs, the World Bank said.