Sri Lanka’s total tourism earnings during the first four months of 2026, from January to April, amounted to US$1.11 billion, according to the Central Bank of Sri Lanka. This marks a 19.4% decline compared to the US$1.37 billion recorded during the same period in 2025. Meanwhile, tourism earnings for April 2026 were reported at US$157.1…
Reuters – Asian share markets were on the skids on Monday as fresh drone attacks in the Gulf shoved oil prices and bond yields higher, while the AI boom is set to be tested by earnings from Nvidia this week. A drone strike caused a fire at a nuclear power plant in the United Arab…
Reuters – Gold prices fell on Monday to their lowest point in more than a month, as Middle East tensions pushed oil prices higher, fuelling inflation fears and reinforcing expectations of higher-for-longer interest rates. FUNDAMENTALS * Spot gold was down 1.1% at $4,488.99 per ounce, as of 0052 GMT, hitting its lowest level since March…
People’s Bank wishes to inform the public that an error relating to the application of exchange rate in one currency within a specific remittance system which resulted in certain customers receiving excess amounts during the period from May 2023 to March 2026, was recently identified and has since been fully rectified. Upon detection, the Bank…
Jyoti Structures Limited, India, as lead partner, along with Hayleys Fentons Limited, Sri Lanka’s No. 1 Solar EPC and MEP contractor, has signed a joint venture contract for the construction of the Mannar–Mullikulam 220kV Double Circuit Transmission Line. The contract is the inaugural award issued by the newly established National Transmission Network Service Provider (Private)…
The International Monetary Fund (IMF) has scheduled May 27, 2026 for its Executive Board to decide on the Fifth and Sixth reviews of Sri Lanka’s Extended Fund Facility (EFF) programme. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$700 million in financing, according to the IMF.
The Central Bank of Sri Lanka (CBSL) announces the launch of an online Complaint Management System (CMS) marking a significant step to facilitate the submission of complaints and grievances by financial consumers relating to Financial Service Providers (FSPs) regulated by CBSL. The CMS has been introduced with the aim of enhancing accountability, efficiency, and transparency…
Marking a significant milestone in Sri Lanka’s journey toward a fully digital economy, PayPal, one of the world’s leading online payment platforms has been introduced to Sri Lanka through integration with the domestic banking system. The official launch of the service took place today (15) under the patronage of Hon. Prime Minister Dr. Harini Amarasuriya….
Financial Performance Net Interest Income – Rs. 3.41 billion (+12%) Net Fee and Commission Income – Rs. 0.77 billion (+55%) Operating Profit before Taxes on Financial Services – Rs. 2.17 billion(+ 14%) Profit Before Tax – Rs. 1.65 billion (+ 13%) Profit After Tax – Rs. 1.05 billion (+3%) Earnings per Share – Rs. 2.37…
With India poised to become the world’s third-largest economy, Sri Lanka must treat its nearest neighbour not as a trade rival but as its most consequential export destination. Key Takeaways India is no longer optional — it is a defensive necessity. The simultaneous erosion of Sri Lanka’s US market access (20% tariff, up from near…
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