Finance

Colombo’s Casino Boom: Tax Arrears, Money Laundering, and the Regulatory Battle

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Colombo’s Casino Boom: Tax Arrears, Money Laundering, and the Regulatory Battle

By The Morning Telegraph November 2, 2026

As Sri Lanka attracts major casino investment, historic tax arrears, illegal online gambling and financial crime vulnerabilities...

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SINOPEC Deal Cancelled! The $4.5 Billion Decision That Changes Everything

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SINOPEC Deal Cancelled! The $4.5 Billion Decision That Changes Everything

By The Morning Telegraph November 2, 2026

Proposed US$3.7 billion investment faces renewed scrutiny over domestic-market access, tax concessions and environmental obligations, while a...

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“You Gave the OTP”: The Banking System’s Grand Betrayal of Cyber Fraud Victims

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“You Gave the OTP”: The Banking System’s Grand Betrayal of Cyber Fraud Victims

By The Morning Telegraph October 31, 2026

The question is no longer whether customers should protect their banking credentials. It is whether banks and...

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The Central Bank’s ‘Friendly Monopoly’: Is Big Business Behind the Repression of Small Farmers?

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The Central Bank’s ‘Friendly Monopoly’: Is Big Business Behind the Repression of Small Farmers?

By The Morning Telegraph October 31, 2026

Colombo, November 1, 2026 — Concerns are emerging over potential conflicts of interest within the Central Bank...

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Softlogic Finance Returns to Loss Ahead of Rs. 1 Billion Rights Issue

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Softlogic Finance Returns to Loss Ahead of Rs. 1 Billion Rights Issue

By The Morning Telegraph October 31, 2026

COLOMBO, October 31, 2026 — The finance company’s September-quarter results reveal stronger interest earnings but renewed pressure...

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Binance’s $6.3 Billion Hack Leaves Sri Lankan Crypto Users Facing Uncertainty

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Binance’s $6.3 Billion Hack Leaves Sri Lankan Crypto Users Facing Uncertainty

By The Morning Telegraph October 30, 2026

COLOMBO, October 31, 2026 — Binance has pledged to cover losses following one of the largest cryptocurrency...

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Rs. 139.7 Million Diverted in 187 Suspected Fraudulent Transfers

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Rs. 139.7 Million Diverted in 187 Suspected Fraudulent Transfers

By The Morning Telegraph October 27, 2026

MUMBAI — Indian cyber police are investigating how nearly Rs. 14 crore was allegedly moved from Central...

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Sri Lanka’s Inflation Crisis: A Second Blow for the Poor

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Sri Lanka’s Inflation Crisis: A Second Blow for the Poor

By The Morning Telegraph October 21, 2026

COLOMBO — Global conflicts are beyond Sri Lanka’s control, but its dependence on imported fuel, the pace...

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HSBC Exits Sri Lanka: Rs. 15 Billion Lost Every Year

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HSBC Exits Sri Lanka: Rs. 15 Billion Lost Every Year

By The Morning Telegraph October 20, 2026

COLOMBO — HSBC’s decision to withdraw its global service centre operations from Sri Lanka threatens approximately 3,000...

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Dollar Settlements Shift to London, Central Bank Faces Scrutiny

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Dollar Settlements Shift to London, Central Bank Faces Scrutiny

By The Morning Telegraph October 19, 2026

COLOMBO, October 20, 2026 — The Central Bank of Sri Lanka’s decision to move the settlement of...

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