Wage Hike, Longer Hours in Labour Shake-Up
Sri Lanka’s government has unveiled sweeping labour reforms under commitments linked to the International Monetary Fund programme, aiming to modernise outdated laws and boost investment.
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Access Engineering Commissions $6.9 Million Cyclotron Facility
- Editor
- February 17, 2026
- Investment
- 0 Comments
Access Engineering PLC yesterday commissioned a $6.9 million cyclotron-based radiopharmaceutical production facility, marking its formal entry into advanced nuclear medicine infrastructure.
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Power Tariff Proposal Triggers Industry Alarm
- Editor
- February 17, 2026
- Power and energy
- CEB
- 0 Comments
The Ceylon Electricity Board has sought a 13.56% electricity tariff increase for April to June 2026, citing a projected Rs. 15,847 million deficit. The proposal, now before the Public Utilities Commission of Sri Lanka, aims to stabilize finances and ensure supply reliability.
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Sri Lanka Coal Procurement Losses Top Rs. 2.7 Billion
- Editor
- February 17, 2026
- Power and energy
- CEB, Lanka Coal (Private) Limited
- 0 Comments
The Ceylon Electricity Board has reported estimated direct losses of Rs. 2.796 billion linked to four coal shipments supplied to the Lakvijaya Power Plant. The losses were attributed to low-grade coal that failed to meet the required calorific value of 5,900 kcal/kg, resulting in reduced efficiency and higher fuel consumption.
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