In a spat with Michael O'Leary, Elon Musk has been boasting that he could just buy Ryanair. Insiders estimate it could cost him $35-40 billion, depending on if he wants Speedy Boarding or not.

According to the latest Numbeo Property Investment Index, Sri Lanka’s commercial capital of Colombo has been named the world’s most unaffordable city for homebuyers in 2026.

Ambeon Capital, through its subsidiary Ambeon Essentials (Pvt) Ltd, has entered into an agreement to acquire a 51.11% controlling stake in Harischandra Mills PLC, subject to obtaining the necessary regulatory approvals.

Following the catastrophic impact of Cyclone Ditwah, the Insurance Regulatory Commission of Sri Lanka (IRCSL) has intensified efforts to ensure swift settlement of over 24,500 insurance claims, with total reported losses reaching Rs. 58.5 billion.

The Board of Investment of Sri Lanka (BOI) is ramping up efforts to attract local and foreign investment into the education sector, leveraging the country’s well-established education system and strong literacy levels.

In its 2026/27 National Budget, India has raised its budgetary assistance to Sri Lanka to INR 4 billion ($43.6 million), marking an increase from INR 3 billion ($32.7 million) provided under the revised estimates for 2025/26.

According to official data, Sri Lanka Customs has recorded a strong start to the year, recording over Rs. 232 billion in revenue in January 2026.

On 3rd February 2026, the government completed the nationwide implementation of the ‘GovPay’ digital traffic fine payment system, marking an important move towards delivering a more efficient, transparent, and citizen-centric public service.

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According to Bloomberg, Russia is now looking towards South Asia, particularly Sri Lanka, India, and Bangladesh, to address its widening labor shortage exacerbated by the war in Ukraine and long-term demographic shifts.

According to Transparency International, Sri Lanka has made notable improvements in its global standing on the 2025 Corruption Perception Index.

Sri Lanka’s Amangalla and Amanwella have secured their place in the prestigious Forbes Travel Guide (FTG) 2026 Star Awards, highlighting the island’s growing standing as a high-end international travel market.

According to Deputy Minister Chathuranga Abeysinghe, Sri Lanka will move to remove para-tariffs such as CESS and PAL as part of the 2026 tariff reform.

Sri Lanka’s billionaire rice mill owners are looking to put their grain earnings to flight as Dudley Sirisena and Mitharapala Lankeshwara both hint at purchasing helicopters and jet aircraft for personal and commercial use.

Sri Lanka’s leading tile manufacturer, Macktiles, has expanded into the Australian market, marking a key step in its international growth strategy. The company aims to serve high-quality, design-focused construction markets while strengthening its global presence.

On 10th February 2026, CeylonCash (Pvt) Ltd, through its payment platform CeyPay, officially launched a LKR 15 million Merchant Subsidy Program, marking a major milestone for crypto payments in Sri Lanka.

According to certain expert opinions, certain insurance companies in Sri Lanka are accepting customers' deposits under the guise of insurance policies, promising fixed or quasi-fixed returns that closely resemble bank deposits, without deducting withholding tax (WHT).

Sri Lankan tourism authorities, with the help of law enforcement agencies, have intensified their crackdown on illegal foreign-run tourist businesses in the country.

Last week, the Court of Appeal of Sri Lanka intervened and issued its decree on the question of whether foreign tourists can lawfully drive tuk-tuks in Sri Lanka together using international driving permits, along with cover permits issued under Sri Lankan law.

Recently, social media giant Meta announced that it plans to discontinue the standalone Messenger website from April 2026.