The Sri Lanka High Commission in Canberra together with China Harbour Engineering Company (CHEC), Port City Colombo (Pvt) Ltd convened an Investor Forum attracting investment into the Colombo Port City from Australia on 3 March 2026. The Forum was addressed by Deputy Managing Director, CHEC), Port City Colombo (Pvt) Ltd, Thulci Aluwihare, who delivered a…
The effective closure of the Strait of Hormuz, the key driver of oil price increases following the 28 February outbreak of the Iran conflict, is likely to be temporary given its vital economic role, Fitch Ratings says. This, alongside global oil market oversupply, should limit oil price rises and mitigate any potential disruptions to Iranian…
Reuters – Asia stocks fell on Friday and were headed for their sharpest weekly drop in six years while oil prices were poised for their biggest jump in three in a turbulent week for global markets as the conflict in the Middle East showed few signs of easing. Investors sought the safety of cash as…
Central Depository Systems (Pvt) Ltd (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has reached a milestone as total registered accounts surpassed the 1 million mark. This achievement coincides with the approach of the organization’s 35th anniversary in September 2026, marking three and a half decades of providing depository infrastructure for the Sri Lankan…
Fitch Ratings: The duration of the aviation disruption following the attacks launched by Israel and the US on Iran on 28 February and Iran’s subsequent attacks on countries in the region, will be fundamental to determining the implications for affected sectors, including airlines, airports, lodging, insurance and lessors, Fitch Ratings says. Our baseline expectation that the conflict…
A Gazette Extraordinary has been issued by Energy Minister Kumara Jayakody transferring the functions and duties of the Ceylon Electricity Board (CEB) with effect from March 09. According to the Gazette, provisions have been made for the establishment of six successor companies for electricity generation, transmission, distribution and system operations. Accordingly, the Sri Lanka Electricity…
The Colombo Stock Exchange (CSE) ended the trading day on a firmly positive note, with major indices posting solid gains following recent volatility in the market. The benchmark All Share Price Index (ASPI) rose by 256.12 points, or approximately 1.13%, to close at 22,833.53. This marks a notable recovery after the index experienced sharp declines…
Emirates has confirmed that it is currently operating a reduced flight schedule until further notice following the partial reopening of regional airspace for the safe conduct of commercial operations. In a media statement issued today (05), the Dubai-based carrier said that more than 100 flights are scheduled to depart from and return to Dubai on…
The Ceylon Electricity Board (CEB) has reported a significant financial loss of Rs. 29.15 billion for the quarter ended 31 December 2025, according to its latest financial statements. This marks a sharp reversal compared to the Rs. 603 million profit recorded in the corresponding quarter of 2024, reflecting a 4,929% decline in profitability year-on-year. Meanwhile,…
SriLankan Airlines will operate an additional flight between Colombo and London on 8 March 2026 to assist passengers affected by flight cancellations due to the situation in the Middle East. Flight UL1205 will operate on Sunday, 8 March 2026 departing Colombo at 06:50 hrs and arriving in London at 13:10 hrs. The return service, UL1206,…
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