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 News
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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 Recent fuel price hike based on fuel pricing formula, says CPC
Sri Lanka's recent rise in fuel prices follows the official fuel pricing formula, as stated by Dr. Mayura Neththikumarage, the Managing Director of the Ceylon…
Business Global shipping could reroute around South Africa for the rest of 2026, expert warns
Shipping companies might choose to avoid the Middle East and take longer paths around South Africa's Cape of Good Hope, according to an expert. Peter Sand, the…
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 Sri Lanka s inflation decreases to 1.6% in February 2026
In February 2026, Sri Lanka's overall inflation rate, measured by the National Consumer Price Index (NCPI), dropped to 1.6%, down from 2.4% in January 2026.…
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 LIOC also hikes prices of Petrol 95 Octane and Super Diesel
Lanka IOC PLC (LIOC) has raised the prices of several types of fuel starting today, October 22. The company stated that the price of Lanka Auto Diesel has gone…
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 Vehicle parking fee collection in Colombo to resume tomorrow – CMC
The Colombo Municipal Council (CMC) will start collecting vehicle parking fees again tomorrow, the 23rd. The Municipal Commissioner shared that this decision…
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 Bus fares expected to rise following fuel price hike
The National Transport Commission (NTC) has revealed that changes to bus fares will take place today, the 22nd. Reports indicate that calculations for the fare…
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…
Business Oil prices fall after Brent briefly touches $119
Oil prices dropped on Thursday after Israel announced it was assisting in reopening the important Strait of Hormuz. The international benchmark, Brent crude…
Business PHI union urges priority fuel access to maintain essential services
Public Health Inspectors in Sri Lanka are struggling due to the ongoing fuel crisis, as reported by the Public Health Inspectors’ Union. In a letter to the…