The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was 1.6% in February 2026 and inflation calculated for the January 2026 was 2.4%. On a monthly basis, the Year-on-Year inflation of the food group decreased to 1.1% in February 2026 from 3.4% in January 2026 and the Year-on-Year inflation of…
President of the Asian Development Bank, Masato Kanda, arrived in Sri Lanka early this morning (23) for a three-day official visit aimed at strengthening economic cooperation, engaging with key stakeholders, and assessing cyclone-related damage in affected areas. Mr Kanda was received upon arrival by the Minister of Labour and Deputy Minister of Finance and Planning,…
WindForce PLC has been awarded a new grid-scale Battery Energy Storage System (BESS) project in Panadura, marking its 13th project under Sri Lanka’s national BESS programme. The project, with a capacity of 10 MW/40 MWh, was awarded on March 20, 2026, and will be implemented under a Build–Own–Operate model over a 15-year period. The company…
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) jointly organized an awareness session recently, for auditors of companies which are currently on the CSE Watchlist. The session focused on enhancing awareness of enforcement actions and timelines, reducing prolonged Watchlist durations, and fostering a more coordinated regulatory approach among…
The Board of Investment of Sri Lanka (BOI) has announced the postponement of the Sri Lanka Investment Forum 2026, which was scheduled to be held on March 30. In a statement, the BOI said the decision was taken in light of ongoing global developments and their impact on international travel and logistics. The forum, which…
More than 40 energy assets across nine countries in West Asia have been “severely or very severely” damaged by the war in West Asia, International Energy Agency Executive Director Fatih Birol said, potentially prolonging disruptions to global supply chains after the conflict ends. The damage means it will take some time for the oil fields,…
The country’s leading app-based platforms, Uber and PickMe, have urged the government for support to keep Sri Lanka moving in light of the latest fuel constraints. Highlighting the critical role played by ride-hailing and delivery platforms in helping people access transport, food and essential services, the platforms have jointly asked for higher fuel quotas for…
Reuters – Share markets slid in Asia on Monday while U.S. bond yields hit eight-month peaks as the United States and Iran traded escalating threats and Israel planned for “weeks” more fighting, sending oil prices on another roller-coaster ride. Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours…
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 cost-related pressures faced by the industry. In a letter addressed to the President, the Minister of Industries, and the Consumer Affairs Authority (CAA), the Association…
National Development Bank PLC (NDB) commemorated raising LKR. 16 bn 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)…
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