Business China and Pakistan call for “immediate ceasefire” and peace talks
China and Pakistan have urged for an “immediate ceasefire” and peace discussions to end the ongoing war in Iran. This call came after high-level meetings…
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Business War could wipe up to $194 billion from Arab economies, UNDP warns
A recent assessment from the United Nations Development Programme (UNDP) warns that the ongoing conflict in Iran could significantly harm the economies of Arab…
Business Colombo s inflation increases to 2.2% in March 2026
Inflation in Colombo rose to 2.2% in March 2026, up from 1.6% in February 2026, according to new information from the Department of Census and Statistics…
Business Global oil prices edge higher as war shows no sign of easing
Global oil prices rose again during early trading in Asia on Tuesday. The cost of oil in the US increased by 3%, reaching almost $106 (£80.52) per barrel. For…
Business Egypt President says only Trump can stop the war, warns oil could top $200
Egypt's President Abdel Fattah al-Sisi called on U.S. President Donald Trump on Monday to help end the war in Iran, stating that only he has the power to do…
Business Trump threatens to “completely” obliterate Iran s energy sources if deal is not reached
US President Donald Trump warned that if Iran does not agree to a deal with the United States and does not open the Strait of Hormuz, the U.S. might respond by…
Business Egypt President says only Trump can stop war, warns oil could top $200
Egypt's President Abdel Fattah al-Sisi called on U.S. President Donald Trump on Monday to intervene and halt the Iran war, stating that only he has the power…
Business PUCSL to announce decision on 2nd quarter electricity tariff revision today
The Public Utilities Commission of Sri Lanka (PUCSL) will announce its decision on the electricity tariff changes for the second quarter of 2026 today, March…
Business Mojtaba Khamenei thanks Iraq for support during war
Mojtaba Khamenei, the new Supreme Leader of Iran, expressed gratitude to Iraqi paramilitary groups that have been targeting American military bases in the…
Business Trump signature to appear on US currency, ending 165-year tradition
US currency will soon feature Donald Trump's signature, marking the end of a 165-year tradition. This change means that Trump's name will officially appear on…
Business Bakery owners hold talks with Trade Minister over price hike concerns
Today (26), a meeting took place between Wasantha Samarasinghe, the Minister of Trade, Commerce, Food Security, and Co-operative Development, and local bakery…
Business Over 2.7 million new QR codes issued since March 15 - Ministry
Since March 15, more than 6.2 million individuals in Sri Lanka have signed up for the National Fuel Pass system and received new QR codes. This system was…
Business More than 1,000 complaints filed over misuse of fuel QR system
The Ministry of Digital Economy in Sri Lanka has reported receiving over 1,000 complaints about the misuse of fuel QR codes. These complaints involve people…
Business Sri Lanka s total exports reach USD 1.4 billion in February- EDB
Sri Lanka's total exports, which include goods and services, hit US$ 1,401.78 million in February 2026. This marks a solid year-on-year growth of 4.22%…
Business Iran drafts law to impose tolls for transiting Strait of Hormuz
Iran's parliament is developing a new law that would require ships to pay a toll for security while transiting through the Strait of Hormuz. This information…
Business South Korea confirms easing of US sanctions on Russian oil
South Korea has announced that it has received approval to import certain energy products from Russia due to a relaxation of US sanctions. This comes as the…
Business Donald Trump plans May visit to China for talks with Xi after Iran war delay
US President Donald Trump is set to meet Chinese President Xi Jinping in May, marking his first trip to China in eight years. This visit was delayed due to the…
Business Essential goods prices rise amid fuel hike, CAA conducts raids
Prices for essential goods in Sri Lanka have jumped after the recent rise in fuel costs, according to traders. Wholesale sellers in Pettah have noted a…
Business Iran Speaker warns “enemies are preparing to occupy” Kharg Island
Iran's influential parliament speaker issued a warning on Wednesday about a possible invasion of an Iranian island, allegedly backed by an undisclosed regional…
Business US oil prices rise as investors assess Middle East de-escalation
U.S. oil prices increased in early trading on Thursday, making up for some of the losses from the previous day. Investors are looking at possibilities for…
Business Suspect arrested over illegally obtaining fuel by overriding QR code
The Criminal Investigation Department (CID) has detained a suspect in Nittambuwa for allegedly acquiring fuel by manipulating a QR code associated with someone…
Business No reduction in remittances despite conflict in Middle East- CBSL Governor
Sri Lanka's remittances from workers have not decreased, even with the current conflict in the Middle East, according to Dr. Nandalal Weerasinghe, the Governor…
Business 29 top drug suppliers arrested in major CID crackdown, says Dy Minister
The Criminal Investigation Department (CID) has arrested 29 key drug suppliers involved in smuggling narcotics into Sri Lanka. Deputy Minister of Public…
Business Iran war starts to hit global economy, business surveys show
The ongoing war in Iran is starting to impact economies globally, as reported by business surveys on Tuesday. These surveys reveal that rising energy prices…