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Ceylon Chamber Highlights Importance of Balanced Tax Policy in Inland Revenue (Amendment) Bill 2026
The Ceylon Chamber of Commerce, through its Tax Steering Committee, has actively engaged with stakeholders on the proposed Inland Revenue (Amendment) Bill of 2026, recognising its potential implications for businesses and the broader economy. While acknowledging the importance of updating the tax framework, the Chamber’s efforts have focused on assessing the impact of the proposed […]
Supreme Court held its first-ever paperless hearing; leads digital transformation with e-Filing initiative
The Supreme Court of Sri Lanka has marked a significant milestone in its digital transformation with the implementation of its e-Filing Portal under the e-Courts Project. This initiative reflects the Court’s ongoing commitment to modernizing Judicial processes and enhancing the delivery of Justice through the use of technology. The e-Filing Portal was officially opened to […]
Hambantota Intl Port Invests USD 108 Mn in New Cranes; Expands Container Terminal Capacity To 2 Mn TEU
Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, marking a major expansion of its container terminal capacity and reinforcing Sri Lanka’s position as an emerging logistics hub in the Indian Ocean. The agreement, signed at a ceremony held at the Hilton Colombo on March […]
Russian delegation in Sri Lanka for energy talks; signals fuel supply, fertilizer support, refinery interest
The Ministry of Energy said it is taking all necessary measures to ensure uninterrupted and reliable energy supplies amid disruptions linked to the ongoing conflict in the Middle East. As part of efforts to secure petroleum and coal, a high-level delegation from Russia—a major global energy supplier and longstanding ally—arrived in Sri Lanka on Thursday. […]
Rs. 952 Million Recovered from Decades-Old Court Productions in Landmark Cleanup
For decades, Magistrates’ Courts and High Courts across Sri Lanka were overwhelmed with vast quantities of case productions, items seized by the police and other government authorities in connection with legal proceedings. Once taken into custody, these items were invariably handed over to the courts, which were then responsible for their safekeeping. The range of […]
Sri Lanka’s Total Export Earnings Hit $1.4 Billion in February, Up 4.22% YoY
Sri Lanka’s total exports, including both merchandise and services, reached US$ 1,401.78 million in February 2026, reflecting a notable year-on-year growth of 4.22% compared to February 2025. According to provisional data from Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports for February 2026 increased by 1.32% to […]
Middle East Conflict: The Impact on Migration and Remittances in Sri Lanka
Bilesha Weeraratne, Research Fellow, Institute of Policy Studies of Sri Lanka With the ongoing conflict in the Middle East (ME), Sri Lanka finds itself at a particularly vulnerable juncture as it carefully navigates a fragile economic recovery. Labour migration offers jobs to counteract the lack of opportunities within the economy. Related micro-level remittances prevent households […]
Iran Pledges Oil Support to Sri Lanka as Colombo Seeks Alternative Supplies
The Ambassador of Iran to Sri Lanka today reaffirmed Tehran’s willingness to support Colombo with energy supplies, even as Sri Lanka turns to other markets amid ongoing global tensions and sanctions-related constraints. At a press briefing, the ambassador was asked whether Iran would step in to assist Sri Lanka in the event of an oil […]
Opinion: Oil, Inflation and the QR System
By M. Rizwan Muzzammil Recent unrest in the Middle East has raised concerns that Sri Lanka may face a shortage of oil supply. Because oil plays such a central role in the economy—powering transportation, construction, electricity generation, and many other activities—many observers expect that such a shortage will inevitably lead to inflation. This expectation is […]
SEC and CSE Strengthen Role of Auditors of Watchlist Companies
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 […]
NDB’s GSS+ Bond Issuance Breaks New Ground with Record LKR. 16 Bn Raised
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) […]
Uber and PickMe urge Government to allocate higher fuel quotas
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 […]