Business Trump tariff refunds begin after Supreme Court order
The administration of former President Trump has started to issue refunds for billions of dollars in tariffs that the US Supreme Court deemed invalid in…
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Business Iraq and Syria tout their reopened border crossing as an alternative oil route
Iraq and Syria have reopened an important border crossing after more than ten years. Officials are excited about its potential for trade and oil exports. They…
Business PHIs take legal action against over 1,200 shops after raids during festive season
Public Health Inspectors (PHIs) across Sri Lanka have conducted inspections at 21,796 business establishments island wide targeting the festive season,…
Business Chinese national arrested with cigarettes at BIA
A foreign national has been arrested by airport customs officers earlier this morning (20) for illegally bringing a large consignment of China- manufactured…
Business CAA assures continuous Laugfs gas supply during festive period
The Consumer Affairs Authority (CAA) has announced that there will be a steady supply of Laugfs gas for consumers during the festive season, which starts…
Business Iran and Oman to charge ships passing through Strait of Hormuz during ceasefire, state media says
Iran and Oman are set to impose fees on ships that travel through the Strait of Hormuz during a two-week ceasefire, as reported by Iran's semi-official Tasnim…
Business LIOC increases diesel prices with effect from today
Lanka IOC PLC (LIOC) has declared that it will raise the prices of various fuel types starting today, October 8. The cost of Super Diesel will go up by Rs. 18,…
Business Sri Lanka s official reserve assets decline by 3.5% in March 2026
Sri Lanka's official reserve assets fell by 3.5% in March 2026, reaching USD 7,019 million. This is down from USD 7,270 million in February 2026. The total…
Business Gold rises 2.3%, extends gains after Trump announces Iran ceasefire
Gold prices increased by 2.3% on Wednesday as investors reevaluated short-term risks. This came after U.S. President Donald Trump announced a two-week halt to…
Business MPs to debate Sri Lanka s prevailing situation in Parliament today
Today, on the 8th of October, Parliament in Sri Lanka will discuss an adjournment motion about the current situation in the country. The debate is set to run…
Business Oil prices plunge 12% after Trump agrees to suspend bombing and attack of Iran for 2 weeks
Oil prices fell by 12% and U.S. stock futures rose sharply on Tuesday evening after President Donald Trump declared a “double-sided ceasefire” in the conflict…
Business Parliament to debate Sri Lanka s prevailing situation tomorrow
Parliament in Sri Lanka is set to discuss the ongoing situation in the country tomorrow. The government will present an adjournment motion for this debate.…
Business Sri Lanka CERT warns public of rising festive-season social media scams
The Sri Lanka Computer Emergency Readiness Team (Sri Lanka CERT) issued a warning today (07) about a rise in online scams and financial fraud on social media…
Business 23 organised drug traffickers identified, Public Security Minister says
Public Security Minister Ananda Wijepala announced that 23 organized criminals linked to major drug trafficking operations have been identified. He mentioned…
Business Global stocks struggle, oil jumps as Trump s Iran deadline looms
Global stock markets showed mixed reactions on Tuesday, while oil prices hovered around $110 per barrel. Investors remained cautious due to fears of a…
Business Middle East war means all roads lead to higher prices, slower growth, IMF chief says
The conflict in the Middle East will cause inflation to rise and slow down global growth, according to the head of the International Monetary Fund (IMF),…
Business Saudi Arabia evacuates Riyadh s key financial hub amid Iran threat
Saudi Arabia has instructed businesses to evacuate the main financial center in Riyadh due to worries about possible missile and drone attacks from Iran. This…
Business Hambantota Port expands capacity as Middle East crisis drives surge in shipping volumes
The Hambantota International Port (HIP) in Sri Lanka has greatly increased its capacity due to a rise in global shipping volumes caused by the ongoing crisis…
Business Minister Sunil Handunneththi holds discussions with IMF representatives
Today, on June 6, Minister of Industry and Entrepreneurship Development, Sunil Handunneththi, met with representatives from the International Monetary Fund…
Business Over 4,600 litres of hoarded diesel seized in Kalmunai
Kalmunai Headquarters Police have confiscated 4,620 litres of diesel during a raid on Madhavan Road in Kalmunai today (06). The fuel was found in 22 barrels…
Business Red Cross joins calls for de-escalation after Trump threatens Iranian infrastructure
The Red Cross has joined others in urging for calm after US President Donald Trump threatened to attack Iranian power plants and bridges if the Strait of…
Business Laugfs gas shipment arrives at Hambantota
A ship carrying 7,000 metric tonnes of LP gas has docked in Sri Lanka, as reported by LAUGFS Gas PLC. The company announced that the LPG shipment, transported…
Business Adjournment debate on Easter Sunday Attacks this week in Parliament
An adjournment debate regarding the 2019 Easter Sunday Attacks will occur in Parliament this week. The opposition has put forward this proposal, which is set…
Business OPEC+ agrees to boost oil output when Strait of Hormuz reopens
OPEC+ decided on Sunday to increase its oil production quotas by 206,000 barrels per day starting in May. However, this increase is mostly symbolic because key…