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Sea Street gold prices surge

Sri Lanka, June 16 -- The gold prices climbed sharply yesterday, with the local bullion dealers reporting a steep increase in the sovereign prices after the international gold rates rose above US $ 4,... Read More


Week begins in green

Sri Lanka, June 16 -- Indices closed in green as a result of price gains in counters such as Sampath Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs. 4.0 Bn. High net wort... Read More


New gold-loan rules strengthen safeguards; limited rating impact seen: Fitch

Sri Lanka, June 16 -- Sri Lanka's tighter capital requirements for gold-backed lending would have a largely manageable impact on the banks and finance companies while strengthening the prudential safe... Read More


Economic recovery gathers pace as construction, finance drive 5.1% GDP growth

Sri Lanka, June 16 -- The economy expanded by 5.1 percent in the first quarter of 2026 (1Q26), extending its recovery streak, as a surge in construction activity, rising imports of production-related ... Read More


Middle East crisis hits health sector; pharmaceutical prices set to rise

Sri Lanka, June 15 -- The prices of pharmaceuticals supplied by local manufacturers under buy back agreements with the Health Ministry are slated to increase by 12.5 percent from next month, an offici... Read More


West Indies seal 2-1 T20I series win against Sri Lanka

Sri Lanka, June 15 -- The West Indies secured a 2-1 series victory over Sri Lanka after registering a five-wicket win in the third and final T20 International at Sabina Park. After winning the toss a... Read More


IMF asks Central Bank to be vigilant

Sri Lanka, June 15 -- In the wake of the multi-billion rupee fraud at the National Development Bank (NDB), the International Monetary Fund (IMF) has asked the Central Bank to strengthen the bank super... Read More


Rs. 13.2 bn fraud systemic failure of institutional governance: Harsha

Sri Lanka, June 15 -- The Rs. 13 billion fraud for which National Development Bank (NDB) is involved is a catastrophic failure of institutional governance, Chairman Committee on Public Finance (CoPF) ... Read More


Sri Lanka's economy will crash soon: Ranil

Sri Lanka, June 15 -- Sri Lanka's economy has begun to crash and one will be able see a complete crash before long, former President Ranil Wickremesinghe said. "The Government is stuck from all sides... Read More


Treasury and CPC weigh options on fuel prices as Rs. 57 Bn fuel allocation nears exhaustion

Sri Lanka, June 15 -- The government is considering maintaining current domestic fuel prices without implementing an increase, even after the existing state subsidy concludes, provided that the curren... Read More