Business News
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…
Business Philippines declares energy emergency over Middle East conflict risks
Philippine President Ferdinand Marcos Jr announced on Tuesday that the country is in a national energy emergency due to risks from the conflict in the Middle…
Business Cabinet nod to appoint expert committee to develop energy economy
The Cabinet of Ministers in Sri Lanka has given the green light to President Anura Kumara Dissanayake's suggestion to create an expert committee led by Dr.…
Business Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure
Oil prices dropped more than 13% on Monday after U.S. President Donald Trump announced a delay in military strikes against Iranian energy facilities. By 1108…
Business Powdered milk and wheat flour prices to remain unchanged until New Year
The Ministry of Trade, Commerce, Food Security, and Cooperative Development has confirmed that the prices of imported powdered milk and wheat flour in Sri…
Business World faces worst energy crisis in decades, IEA chief warns
The International Energy Agency (IEA) Executive Director Fatih Birol warned on Monday that the ongoing conflict in the Middle East could lead to the worst…
Business Several private bus operators suspend services amid delay in fare revision
Long lines formed at major bus terminals in Sri Lanka this morning (23) as multiple private bus operators halted their services, waiting for an official fare…
Business Asian stock markets tumble
Asian stock markets dropped significantly on Monday after the US and Iran warned of increased conflicts as their war continues into its fourth week. In early…
Business Ali Sabry on US aircraft request- “I m proud the President had the courage to do what is right”
Sri Lanka's former Justice Minister Ali Sabry has praised the government's choice to remain neutral by rejecting a US request for aircraft to land at Sri…
Business CAA launches special inspections ahead of Sinhala and Hindu New Year
The Consumer Affairs Authority (CAA) has started a series of special inspections and investigations from March 20, in preparation for the upcoming Sinhala and…
Business Sri Lanka launches data collection programme to assess fuel needs of transport sector
The Government of Sri Lanka has started a new data collection program to determine the fuel needs of transport service providers involved in food distribution.…
Business US Special Envoy emphasises strategic role of Colombo Port in global trade
The United States has highlighted the key role of the Port of Colombo in both regional and global trade. They stressed the importance of better maritime…
Business President discusses energy crisis and economic impact with party leaders
President Anura Kumara Dissanayake met with party leaders in Parliament yesterday afternoon (20). The President talked about the global energy crisis caused by…
Business Refiners in India, elsewhere in Asia look to buy Iranian oil after US waives sanctions
Indian oil refiners are planning to restart their purchases of Iranian oil, and other Asian refiners are also looking into this option after the U.S.…
Business Sri Lanka and Brazil agree to elevate bilateral trade to USD 1 billion
Today, on the 20th, Sri Lanka and Brazil held the Second Round of Bilateral Political Consultations at the Ministry of Foreign Affairs, Foreign Employment and…
Business Netanyahu says Israel will stop attacks on Iranian gas field
Iran increased its assaults on oil and natural gas sites around the Gulf on Thursday, escalating a conflict that is troubling energy markets and the global…
Business Sri Lankan passenger arrested at BIA with over 5kg of Kush cannabis
A 32-year-old businessman from Mutur, Sri Lanka, was arrested at Bandaranaike International Airport (BIA) early today, October 20, for trying to smuggle over 5…