Business One dead, 38 rescued from oil tankers ablaze in Gulf as Iran claims responsibility
One person has died, and 38 crew members have been rescued from two oil tankers that caught fire in the Persian Gulf, according to the head of Iraq’s ports…
Business News
Business 
Business UN Security Council demands Iran halt attacks on Gulf states
The UN Security Council called on Iran to stop its attacks on Gulf nations on Wednesday. This resolution did not mention the strikes by the US or Israel on…
Business Electricity trade unions call off strike action
Electricity trade unions in Sri Lanka have decided to end their strike after discussions with relevant authorities. The unions reached this decision after…
Business President urges collective action to tackle economic impact of Middle East crisis
President Anura Kumara Dissanayake emphasized that the current government's goal is to create an economy in Sri Lanka that benefits from advancements in…
Business 40% salary demand could force electricity tariffs to double – NTNSP Chairman
Trade unions in Sri Lanka's power sector are currently on strike, demanding a 40% salary increase. Nusith Kumaratunga, the Chairman of the National…
Business Oil prices fall after IEA proposes biggest oil stock release in history
Oil prices fell this morning after the Wall Street Journal revealed that the International Energy Agency (IEA) has suggested releasing a significant amount of…
Business Heaviest day of strikes yet on Iran despite market bets that war will end soon
On Tuesday, the United States and Israel launched what has been described as the most severe airstrikes against Iran since the conflict began, according to…
Business UN concerned closure of Strait of Hormuz could increase food costs
The United Nations Conference on Trade and Development (UNCTAD) has shared a report that raises concerns about the potential closure of the Strait of Hormuz.…
Business Container vessel damaged by “suspected projectile” off UAE, reports UKMTO
A container ship was damaged off the northern coast of the United Arab Emirates, as reported by UK Maritime Trade Operations (UKMTO). The damage was reportedly…
Business ADB Chief commends Sri Lanka s efforts to stabilise the economy during meeting with PM Harini
Prime Minister Dr. Harini Amarasuriya met with Masato Kanda, the President of the Asian Development Bank (ADB), during her official trip to Manila. In their…
Business Litro Gas prices increased
Litro Gas Company has announced a price hike for its domestic LP gas cylinders, effective from midnight today, October 10. The cost of the 12.5 kg cylinder has…
Business Electricity TUs to continue their strike as talks with authorities end in deadlock
Several electricity trade unions in Sri Lanka have declared that they will keep striking due to unresolved demands. This decision was made after talks with the…
Business Vietnam urges people to work from home to save fuel as Iran war disrupts supplies
Vietnam's trade ministry has urged local companies to let their workers operate from home to help save fuel as the war in Iran disrupts supplies and raises…
Business Agreement signed to hand over vehicle number plate printing to new company
A new company will now print number plates for motor vehicles in Sri Lanka, following the signing of an agreement today (10). The ceremony was attended by the…
Business Fuel prices increased to manage stocks and stabilize Market, officials say
Mayura Neththikumarage, the Managing Director of Ceylon Petroleum Storage Terminals Limited (CPSTL), provided details today (10) regarding the recent increase…
Business Strike delays restoration of power disruptions in several areas
Power restoration in Colombo 9, Colombo 14, and several areas in Gampaha will take longer due to a strike by trade unions. This strike began at 3:00 p.m.…
Business No revision of bus fares despite fuel price hike - NTC
The National Transport Commission (NTC) of Sri Lanka has confirmed that there will be no changes to bus fares, even after the recent rise in fuel prices. Dr.…
Business Broad agreement in G7 not to release oil reserves just yet, says official
France ’s finance minister stated on Monday that the G7 is “not there yet” regarding the release of strategic oil reserves. This statement came as the world's…
Business Fuel prices increased, petrol by over Rs. 24
The Ceylon Petroleum Corporation (Ceypetco) has announced a major change in fuel prices starting at midnight today, September 9, due to the rise in global fuel…
Business Airline shares battered, airfares surge as Iran war intensifies
Airline stocks took a significant hit on Monday, and airfares spiked as the conflict between the U.S. and Israel against Iran led to rising oil prices. This…
Business Iran war threatens fertilizer supplies critical to food production
The ongoing conflict in Iran poses a serious risk to food production worldwide. This is because the Middle East hosts some of the largest fertilizer factories…
Business CEB trade unions to withdraw from all services for 24 hours
Around 25 trade unions linked to the Ceylon Electricity Board (CEB) plan to stop all services for 24 hours starting at 3:00 p.m. today (September 9). Prabath…
Business CBSL Governor shares insights on navigating economic crisis at Asia in 2050 conference
P. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka (CBSL), took part in an important discussion about how the Asia-Pacific region is…
Business South Korea introduces first fuel price cap in 30 years as oil soars past $100
South Korea is set to introduce its first fuel price cap in nearly 30 years due to rising oil prices. President Lee Jae Myung made the announcement on Monday…