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EXCHANGE RATES (MIDDLE RATES)

US DOLLAR: RS. 331.89 UK POUND: RS. 443.87 EURO: RS. 380.31 JAPANESE YEN: RS. 2.12 INDIAN RUPEE: RS. 3.45 AUSTRALIAN DOLLAR: RS. 235.47

COVER STORY

Yet, higher collections mean little for fairness if the burden continues to fall heavily on those who are already in the tax net

Superbrands of Sri Lanka 2025

BUSINESS SENTIMENT

The political spotlight remained firmly on allegations of corruption as fresh arrests and ongoing investigations dominated the headlines in October

HAVE YOUR SAY

BUDGET 2027
What are your expectations of the forthcoming budget?

SRI LANKA DEVELOPMENT UPDATE · OCTOBER 2026

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BREAKING BUSINESS NEWS

Sri Lanka’s leading listed companies for financial year 2025/26 – the top 20 by revenue

BREAKING BUSINESS NEWS

Sri Lanka’s leading listed companies for financial year 2025/26 – the top 20 by profit

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THE FORUM WITH MAHESHA AMARASURIYA

EDITORIALS

THE BIG PICTURE

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Sri Lanka’s economic roller coaster is steaming ahead – ahead...

STATE OF THE NATION

When Sri Lanka went to the polls in November 2024, it handed the National People’s Power (NPP) an...

THE WORKPLACE

Choosing what to study these days calls for an unusual kind of foresight. A student entering...

ENERGY SECTOR

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Beneath the waters of the Mannar Basin lies a resource that could reshape...

CURRENT AFFAIRS

MIDDLE EAST CONFLICT

Many have heard of Yemen but not so much about the Houthis, who have taken up cudgels against Saudi...

STATE ACCOUNTABILITY

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The arrest of Sri Lanka Podujana Peramuna (SLPP) National Organiser...

NEW FRONTIERS

AI DANGER ZONEThe resignation of AI researcher Jacob Coxon from Anthropic brings a troubling...

TOMORROW’S WORLD

The November issue of Tomorrow’s World features a list of important events across the globe...

BUSINESS FORUM

CAPITAL MARKET

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Sri Lanka’s economic recovery is creating fresh opportunities...

ACCOUNTANCY PROFESSION

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The country has a well-established accountancy profession...

DIGITAL SECTOR

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Digital payments are strengthening economic ties and fostering greater...

TECH INDUSTRY

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Artificial intelligence that is transparent, fair, ethical, accountable and...

BUSINESS AFFAIRS

MACROECONOMIC REVIEW

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The latest GDP data suggests that the next phase of economic growth will be...

SUSTAINABLE FINANCE

Sustainable finance integrates environmental, social and governance (ESG)...

LABOUR MARKET

A country’s human capital is often identified as the most critical factor in...

AGRICULTURE SECTOR

Legend claims that during the reign of King Parakramabahu the Great, the land...

MANAGEMENT DIGEST

BUSINESS STRATEGY

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Building a business means responding to change, listening closely to customers...

ESG FORUM

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In the growing conversation around environmental, social and governance...

PERFORMANCE CULTURE

The most dangerous quarter is sometimes the one you hit. Your revenue target...

MARKETING STRATEGY

Every product that a manufacturer makes has to leave the factory eventually...

TOP SHELF

YOUTH FORUM

The bad is unequal opportunity. There remains a gap between what students...

LIFESTYLE

There are many lessons I have learned over the years but founding LOVI has...

Sporting LIFE

Priyantha Ekanayake UNFINISHED SPORTING JOURNEY Suresh Ginige chronicles a...

YOUTH FORUM

Another major challenge is economic instability, which disrupts daily life...

MEDIA RELEASES

ESNA HOLIDAYS ACQUIRES MACKINNONS TRAVELS FROM JOHN KEELLS HOLDINGS

Esna Holidays, a prominent and established company in the travel industry...

CULINARY ART FOOD EXPO 2026 SET TO SHOWCASE SRI LANKA’S CULINARY TALENT AND FOOD INDUSTRY POTENTIAL

Sri Lanka’s food and hospitality industries will take centre stage...

INSEE ECOCYCLE ACCELERATES ITS SUSTAINABILITY JOURNEY WITH ELECTRIC (EV) WASTE COLLECTION TRUCKS

28th October 2026: INSEE Ecocycle Lanka, a leading environmental solutions...

DFCC BANK STRENGTHENS REGIONAL DEVELOPMENT-FINANCE LINKS THROUGH EXCHANGE WITH BHUTAN DEVELOPMENT BANK AND ADB

DFCC Bank further strengthened its regional development-finance relationships...

GREEN CABIN EMBRACES NEW CHAPTER OF GROWTH PRESERVING 142-YEAR LEGACY

The newly opened Havelock City Club House Café by Green Cabin offering all...

SUMATHI HOLDINGS CELEBRATES 70 YEARS OF THE SUMATHI LEGACY

Sumathi Holdings marked its 70th anniversary on Friday, 9 October, with a...

SHERATON COLOMBO HOTEL MIXES SPIRITS BRIGHT!

Sheraton Hotel Colombo recently welcomed the festive season with its annual...

FIRST CAPITAL PARTNERS WITH BUNTY LOVES CHOCOLATES TO CHAMPION EARLY FINANCIAL LITERACY

A new children’s book, Bunty Loves Chocolates, was recently launched at the...

SLID AND ACCA ANNOUNCE SECOND NATIONAL DIRECTOR AWARDS, BUILDING ON THE SUCCESS OF THE INAUGURAL AWARDS

Following the success of the inaugural National Director Awards, the Sri...

99X BRINGS GLOBAL TECHNOLOGY LEADERS TOGETHER AT CONNEXIONS OSLO 2026

As organisations worldwide accelerate investments in artificial intelligence...

NESTOMALT AND OGILVY DIGITAL WIN GOLD AT DRAGONS OF ASIA AWARDS 2026 FOR THE ‘NESTOMALT POWERING AVURUDU ’ CAMPAIGN

Nestlé Lanka’s flagship malted food drink brand, NESTOMALT, together with...

ICONIC KITHULGALA REST HOUSE BEGINS A NEW CHAPTER AS EKHO KITHULGALA

The iconic Kithulgala Rest House, a much-loved landmark in Sri Lanka’s...

PARTNER NEWS

BANK OF CEYLON LAUNCHES AI-POWERED INSTANT LOAN FACILITY THROUGH BOC FLEX

Bank of Ceylon (BOC) has introduced an artificial intelligence (AI)-powered...

SLT-MOBITEL UNVEILS APPLE’S REVOLUTIONARY NEXT-GEN IPHONE 18 PRO SERIES

SLT-MOBITEL Mobile has ushered in the next era of mobile technology...

SLT-MOBITEL BRINGS SOUTHERN BUSINESSES CLOSER TO THE FUTURE WITH SMARTCHAT 2026

Customer-focused engagement platform showcases innovative digital solutions...

BOC OPENS THE LARGEST EVER DEBENTURE ISSUE ON 3 NOVEMBER 2026

Bank of Ceylon (BOC), Sri Lanka’s leading state-owned commercial bank, is set...

HILTON COLOMBO HOSTS ITS 33RD ORIGINAL OKTOBERFEST ‘26 IN PARTNERSHIP WITH SAMPATHCARDS AND VISA

Sri Lanka’s most iconic celebration of Bavarian culture returns bigger...

SLT-MOBITEL POWERS DIGITAL TRANSFORMATION OF BUS TRAVEL IN SRI LANKA WITH SMARTER MOBILITY

Reaffirming its commitment to driving digital transformation, SLT‑MOBITEL...

DFCC BANK LAUNCHES STUDENT FILE COMBINING OVERSEAS TUITION PAYMENTS, EDUCATION FINANCE AND TRAVEL BENEFITS

DFCC Bank has launched the DFCC Student File, bringing together tuition fee...

PEOPLE’S LEASING TRIUMPHS AT CSE MASTERMINDS QUIZ 2026, WINNING LEASING & FINANCE CATEGORY

People’s Leasing & Finance PLC (PLC) has emerged as the winner in the Leasing...

RIDE FOR THE ROSETTE REACHES WILPATTU AS FIFTH STOP IN DFCC BANK’S 2026 LEOPARD CONSERVATION CAMPAIGN

DFCC Bank’s Ride for Life: Ride for the Rosette reached Wilpattu as the fifth...

An inspirational Leadership Journey at Sri Lanka’s Largest Bank

There are journeys that are measured by positions held and milestones achieved...

SLT-MOBITEL TAKES CUSTOMER EXPERIENCES TO THE NEXT LEVEL WITH ‘THE EXTRA MILE’

SLT-MOBITEL, the National ICT Solutions Provider, reaffirmed its commitment...

BANK OF CEYLON AND NETH FM SUCCESSFULLY CONDUCT ‘YOU ARE A LEADER 2026’ STUDENT LEADERSHIP CAMP IN MATARA

With the aim of empowering the next generation of leaders, Bank of Ceylon...

OPINION POLLS

BUSINESS SENTIMENT

OPTIMISM FADES AS BUDGET LOOMS The index free falls as budget jitters...

BURNING ISSUES

The high tax regime tops the list of business concerns for the second...

THE ECONOMY

ECONOMIC CONFIDENCE WANES Economic sentiment remains cautious as...

THE COST OF LIVING

TAPERING COST PRESSURES Cost concerns soften as inflation holds...

FINANCIAL PROFILES

MICROCOSM

Fitch Ratings recently upgraded Sri Lanka’s Long-Term Issuer Default Ratings...

GLOBAL EQUITIES

WORLD’S MOST ADMIRED COMPANIES

WORLD’S MOST SUSTAINABLE COMPANIES

ONLINE EXCLUSIVES

OIL PRICES JUMP $3 ON HOUTHI ATTACKS, OIL SPILL, HIGHEST SETTLEMENT SINCE APRIL

Oil prices settled more than $3 higher on Friday, their highest in nearly...

FROM FRANCE TO INDIA, PROTESTS SPREAD ACROSS FOUR COUNTRIES: WHAT’S DRIVING THE UNREST?

From electoral disputes in India to anger over rising living costs in France...

FIRES AND CLASHES ROCK FRANCE AMID MASSIVE NATIONWIDE PROTESTS

Protesters clashed with police in Paris and other French cities on Saturday...

Announcement, Nobel Peace Prize 2026

The Nobel Peace Prize for 2026 goes to a person who with exceptional courage...

East Asia and Pacific Economic Update, October 2026

In East Asia and Pacific, a global surge in AI-related activity is lifting...

AI IS ONLY HALF THE SOLUTION TO ECONOMIC GROWTH, THE OTHER HALF DEPENDS ON HOW GOVERNMENTS SUPPORT SCIENCE

Artificial intelligence (AI) is often sold on the basis that it will lead to...

FIXTURE SCHEDULE ANNOUNCED FOR ICC MEN’S CRICKET WORLD CUP 2027

The 2027 edition of the ICC Men’s Cricket World Cup in South Africa, Zimbabwe...

TRAVEL & TOURISM DEVELOPMENT INDEX 2026

The Travel & Tourism Development Index (TTDI) 2026 marks the 10th edition of...

ONLINE FEATURES

IRAN WAR LEAVES DEEP, COSTLY SCAR ON MIDEAST ENERGY

The Iran war has shattered the fragile coexistence among Gulf...

MIDDLE EAST TRAVEL ADVISORIES AND WARNINGS: WHAT TO KNOW

Travel warnings have multiplied across the Middle East as the United...

Airspace closed, airlines halt flights as US, Israel attack, Iran responds

At least eight countries, including Iran, Israel, Jordan and Qatar, shutter...

A DRIVE TO UPLIFT GENERATIONS

On the 4th of April 2025, I had the privilege to return to a place that had...

INSPIRING HOPE

During my school holidays, I decided to volunteer with a Sri Lankan...

INTERNATIONAL DAY OF CARE AND SUPPORT

Care work and housework sustains families and communities. It enables people...

SOVEREIGN DEBT RESTRUCTURING

The Government of Sri Lanka has outlined its expectations to conclude its...

MINDFUL SOLUTIONS WITH MO GAWDAT

Cinnamon Hotels and Resorts hosted Mo Gawdat, the former Chief Business...

© Copyright 2026, Media Services

Malinda Perera
Handling of last year's first wave was good, even though the...
M Mettananda
Self-regulation or self-discipline is becoming the new entra...
M Mettananda
The response, how the first wave and the ongoing second wave...
Lubna
Excellent insights and a wonderful idea. Why aren't any of o...
Tania
Hope that the vaccine reaches us soon and that the Biz clima...