Read the latest news from regional and global sources, presenting different voices and perspectives.
Sri Lanka shares rebound after two-day drop
Business Recorder
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August 6, 2025
Sri Lankan shares closed higher on Wednesday, recharting its course mid-week, after logging losses in the previous two sessions. The CSE All-Share index settled up 0.54% to 19,825.25, led by materials and consumer discretionary sectors. Industrial...
Sri Lanka’s Fintrex Finance retains ‘BB(lka)’ Fitch rating
EconomyNext
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August 6, 2025
ECONOMYNEXT – Fitch Ratings has reaffirmed the National Long-Term Rating of Sri Lanka’s Fintrex Finance at ‘BB(lka)’ with a stable outlook. The rating agency also maintained the ‘B+(lka)’ rating on the company’s subordinated debentures. Fintrex’s...
Sri Lanka anti-dumping law to protect tile, bathware and shoe industries: Minister
EconomyNext
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August 5, 2025
ECONOMYNEXT – Sri Lanka’s anti-dumping and countervailing duties will give more protection to domestic producers like tiles, shoes and sanitary clothes, Industries Minister Sunil Handunetti said, naming businesses which have lobbied for the...
Sri Lanka’s Senkadagala Finance retains ‘BBB(lka)’ rating from Fitch
EconomyNext
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August 6, 2025
ECONOMYNEXT – Fitch Ratings has affirmed Sri Lanka finance company Senkadagala Finance’s National Long-Term Rating of ‘BBB(lka)’ based on its ‘adequate’ capitalisation, diversified funding base, and improving asset quality, but added risk from...
Sri Lanka’s FIU fines Bally’s, Belagio casino’s under anti-money laundering laws
EconomyNext
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August 6, 2025
ECONOMYNEXT – The Financial Intelligence Unit (FIU) at the Central Bank of Sri Lanka has taken fined a bank and two casinos, Bellagio and Bally’s, for failing to follow the country’s Anti-Money Laundering and Counter-Terrorism Financing laws....
Sri Lanka stocks recover 0.44-pct after two-day slide
EconomyNext
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August 6, 2025
ECONOMYNEXT – Sri Lanka stocks recovered following a two-day slide as buying interest returned to the market, pushing the All Share Price Index (ASPI) 0.44 percent higher on Wednesday, brokers said. “We saw a bit of recovery in the market after...
Sri Lanka vehicle registration rise to 35,000 in July, mobikes almost at pre-crisis levels
EconomyNext
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August 6, 2025
ECONOMYNEXT – Sri Lanka’s vehicle registrations rose to 35,232 in July 2025, from 22,340 in June with motorcycles doubling to 26,171, which is around pre-crisis levels, an analysis of data by JB Securities, a Colombo-based brokerage shows. Sri...
Sri Lanka detains ex-minister Rajapaksa for alleged corruption
The Peninsula
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August 6, 2025
Police escort Sri Lanka's former Agriculture Minister Shasheendra Rajapaksa (centre) to a prison in Colombo on August 6, 2025. (Photo by Ishara S. Kodikara / AFP) Colombo: Sri Lanka's anti-corruption authorities arrested a member of the...
Sri Lanka arrests Rajapaksa ex-minister for corruption over illegal claims
The Sun Daily
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August 6, 2025
COLOMBO: Sri Lanka’s anti-corruption authorities arrested a former minister from the influential Rajapaksa family on Wednesday. Shasheendra Rajapaksa, nephew of ex-presidents Mahinda and Gotabaya Rajapaksa, was detained over alleged illegal...
Sri Lanka’s Fabric Sector Feels Global Squeeze despite Resilient Profit Margins
Lanka News Web
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August 6, 2025
By: Staff Writer August 06, Colombo (LNW): Sri Lanka’s textile and fabric manufacturing sector is facing subdued global demand and declining production volumes, even as some leading players like Teejay Lanka PLC continue to maintain profitability...
Sri Lanka records more than one hundred thousand of vehicle
MENAFN
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August 6, 2025
(MENAFN) Sri Lanka recorded more than 130,000 vehicle registrations during the first seven months of 2025, according to the Department of Motor Traffic. Commissioner General Kamal Amarasinghe reported that by the end of July 2025, a total of...
US Backs Sri Lanka’s Economic Revival through Reforms and Trade Expansion
Lanka News Web
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August 6, 2025
By: Staff Writer August 06, Colombo (LNW): U.S. Ambassador to Sri Lanka Julie Chung has emphasized the need for structural reforms, market diversification, and stronger institutions as critical pillars for Sri Lanka’s long-term economic stability....
Fitch affirms Sri Lanka’s Mercantile Investments at BBB
EconomyNext
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August 6, 2025
ECONOMYNEXT – Sri Lanka’s Mercantile Investments and Finance’s National Long-Term Rating has been affirmed at BBB-(lka) by Fitch Ratings based on its moderate but rising market share. The outlook remains stable. “The rating reflects MIF’s moderate...
BYD leads Sri Lanka brand new car sales, Yadea top EV bike
EconomyNext
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August 6, 2025
ECONOMYNEXT – China’s BYD leads brand new car and crossover sales in Sri Lanka, with 3,419 sold so far in 2025, though sales dropped in July, after Customs detained Atto 3 units, over a controversy involving motor size, vehicle registration day...
Governor-General of Australia Samantha Joy Mostyn Arrives in Sri Lanka
EconomyNext
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August 6, 2025
ECONOMYNEXT – President Donald Trump has imposed an additional 25 percent tax on India for importing Russian oil after earlier slamming a 25 percent tariff on the country saying he will take similar actions on others. “I find that the Government...
Return of Rohit and Kohli delayed as India-Sri Lanka white-ball series scrapped – Report
News9 Live
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August 6, 2025
Cricket News The proposed India vs Sri Lanka white-ball series scheduled to take place in August has been scrapped, as announced by Sri Lanka Cricket. There won’t be any India-Sri Lanka series in August. (Photo: X) New Delhi: Fans would have to...
Immigration officer booked for ‘harassing’ Sri Lankan passenger in Hyderabad
Newsd
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August 6, 2025
An immigration official stationed at an international airport has come under scrutiny following serious accusations from a female transit passenger. The passenger, a student from Sri Lanka, reported that the official had pestered her with calls...
Chinese Embassy in Sri Lanka reminds Chinese nationals to strictly comply with local laws, regulations
Global Times
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A tourist poses for photos with mangroves at Beddagana Wetland Park in Colombo, Sri Lanka, July 24, 2025. July 26 marks the International Day for the Conservation of the Mangrove Ecosystem. Sri Lanka's mangroves play an important role in purifying...
Sri Lanka Parliament debates IGP Tennakoon’s removal today
On Lanka
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August 5, 2025
Posted by Editor on August 5, 2025 - 9:08 am A special debate will be held in the Sri Lankan Parliament today (August 5) on the proposal to remove Deshabandu Tennakoon from the post of Inspector General of Police (IGP). The proposal has been...
China donates Rs. 400 Million in disaster relief aid to Sri Lanka
On Lanka
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August 5, 2025
Posted by Editor on August 5, 2025 - 6:34 pm The People’s Republic of China has donated a consignment of disaster relief equipment worth over Rs. 400 million to Sri Lanka at a formal handover ceremony held today (August 5) at the Disaster...