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Fuel Import Bill Explodes 62% as Energy Crisis Deepens

Sri Lanka’s fuel market is entering a dangerous new phase where rising international energy costs, private-sector supply cuts and politically sensitive price controls are...

Sri Lanka’s Credit Boom Awaits beyond Colombo’s Affluent Households

Sri Lanka’s banking sector is sitting on a potentially powerful source of economic growth, but its lending machinery remains heavily concentrated among affluent and...

Mannar Oil Gamble Could Reshape Sri Lanka’s Energy Future

Sri Lanka’s decision to reopen its offshore petroleum frontier to international investors represents far more than another investment promotion campaign. It is a potentially...

Rs.22 Billion Sathosa Loss Exposes Decades of State Mismanagement

Lanka Sathosa, once conceived as a state-backed shield against rising consumer prices, has become a stark symbol of how political interference, weak governance and...

El Niño Could Become One of the Strongest on Record, UN Warns

The El Niño weather phenomenon is expected to intensify further before reaching its peak in December, potentially becoming one of the strongest events recorded...

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