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EVs and the grid: What the data really says about Sri Lanka’s energy future
Guest Column by Dr. Beshan Kulapala, Co-Founder, Director & CEO of Volt Charge Sri Lanka Recent discussions around electric vehicles (EVs) and their impact on Sri Lanka’s electricity grid have gained traction, particularly amid broader global energy uncertainty. Concerns around grid stability are both valid and important as the country navigates evolving energy conditions, making […]
Planters seek coordinated response to stabilise tea production and key export markets
The Planters’ Association of Ceylon (PA), the apex body of Sri Lanka’s Plantation industry, has called for an urgent review and streamlining of the industry’s cost structures in light of the unprecedented crisis in West Asia and the Strait of Hormuz. Currently, approximately 45% of Sri Lanka’s total annual Tea exports – equivalent to approximately US$ […]
Nations Trust Bank completes the transfer of HSBC Sri Lanka’s Retail Banking Business to its portfolio
Nations Trust Bank PLC (NTB) has announced that the transfer of Hongkong and Shanghai Banking Corporation’s (HSBC) Retail Banking business in Sri Lanka to NTB has officially been completed, with the acquired portfolio transitioning to NTB effective 1st May 2026. NTB has integrated HSBC Sri Lanka’s retail banking customers into its operations, ensuring continuity of […]
CCPI based headline inflation accelerated in April 2026 amidst tensions in the Middle East
The Colombo Consumer Price Index (CCPI, 2021=100) based headline inflation (year-on-year, Y-o-Y) accelerated in April 2026 reflecting the spillovers from the ongoing war in the Middle East, particularly the significant upward adjustments in domestic energy prices. Accordingly, headline inflation (Y-o-Y) was recorded at 5.4% in April 2026 compared to 2.2% in March 2026. Food […]
VIDEO: Anthropic Mythos AI – Why Banks, Governments Fear This Cybersecurity Tool
A powerful new AI model from Anthropic is raising alarm across the global financial system. Called Mythos, it can detect and exploit hidden software vulnerabilities faster than human experts, triggering fears of more sophisticated cyberattacks. With access restricted to a handful of firms, banks and regulators are now scrambling to assess the risks, from disruptions […]
Sri Lanka’s Competitive Edge: Intellectual Property Rights and the Power of Geographical Indications
By Dilani Hirimuthugodage, Research Economist, Institute of Policy Studies of Sri Lanka (IPS) With Sri Lanka’s export competitiveness steadily declining in major destination markets amid global economic uncertainty, the need to explore innovative tools for sustaining export growth has become urgent. Improving export competitiveness is essential for robust growth. One powerful, yet often underutilised, tool […]
European Union Mobilises 2.6 Million Euro to Strengthen Civil Society in Sri Lanka
The European Union (EU)-funded “Together We Rise” initiative, implemented by World Vision and SAFE Foundation in Sri Lanka, is a €2.6 million project designed to strengthen civil society and promote human rights, inclusion and accountable governance. Over three years, the project will support 50 civil society organisations (CSOs) by providing targeted training and resources, while also engaging […]
President of the Maldives Mohammed Muizzu to undertake a State Visit to Sri Lanka
President of the Republic of the Maldives, Dr. Mohamed Muizzu will undertake a State Visit to Sri Lanka from 4–5 May 2026, on the invitation of President Anura Kumara Dissanayake. This marks President Muizzu’s first visit to Sri Lanka since assuming office in 2023. During the visit, he is expected to hold bilateral talks with […]
CoPF Chair Questions True Legislative Oversight Over Public Funds as Treasury Secretary Skips Crucial Hearing
A sharp constitutional standoff has emerged between the legislature and the executive after the Secretary to the Treasury, Dr. Harshana Suriyapperuma, declined to appear before the Committee on Public Finance (CoPF) for a high-stakes hearing scheduled for tomorrow, April 30. The refusal has prompted a blistering response from CoPF Chairman Dr. Harsha de Silva, who […]
JXG Debuts on CSE’s Main Board
Janashakthi Limited operating as JXG (Janashakthi Group) marked the debut trading of its 500,000,000 ordinary voting shares (Symbol: JXG.N0000) on The Main Board of the Colombo Stock Exchange (CSE) yesterday (29th April 2026) by way of ringing the ceremonial market opening bell on the trading floor of CSE. The Initial Public Offer (IPO), which took […]
Rs. 38 Bn Shortfall in Power Generation Costs; Taxpayers to Fund Rs. 15 Bn Govt Subsidy as PUCSL Opens Public Consultation
Sri Lanka’s Public Utilities Commission (PUCSL) has announced that rising fuel costs will create a Rs. 38 billion shortfall in electricity generation expenses for the second and third quarters of 2026. To cushion households, the government will provide a Rs. 15 billion subsidy funded by taxpayers starting May 10, ensuring that 95% of domestic and […]
FAO Delivers Fertilizer Support to Cyclone-Affected Paddy Farmers in Anuradhapura
The Food and Agriculture Organization of the United Nations (FAO) has launched a fertilizer support programme to assist smallholder paddy farmers in the Anuradhapura District whose fields were damaged by Cyclone Ditwah, helping them recover production in time for the upcoming Yala cultivation season in Sri Lanka. Through a voucher scheme valued at USD 300,000, […]