Business News
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 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 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 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 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…
Business Indian national arrested with over 2.7 kg of Kush at BIA
An Indian man was arrested today (09) at Bandaranaike International Airport (BIA) by officers from the Airport Police Narcotics Bureau (PNB) while trying to…
Business Govt s responsibility to ensure women s rights are realized in everyday life, not just in laws – PM
Prime Minister Dr. Harini Amarasuriya emphasized that it is the government's duty to make sure women's political, economic, and social rights are not just…
Business Iran names Khamenei s hardline son Mojtaba as new supreme leader
Iran announced on Monday that Mojtaba Khamenei will take over as Supreme Leader, following in the footsteps of his father , Ali Khamenei. This decision shows…
Business Strikes on US bases a legal act of self-defence - Iran
Iran's Foreign Minister, Abbas Araghchi, stated that the country's attacks on US targets in the Middle East are a reaction to the conflict "forced" upon them…
Business War in Middle East should never have happened , says China s FM
China's foreign minister expressed strong disapproval on Sunday (Mar 8) regarding the ongoing conflict in the Middle East, stating that it “should never have…
Business Women are vital social partners - PM Harini urges a thriving nation where women lead with dignity
On International Women’s Day, Sri Lanka’s Prime Minister Dr. Harini Amarasuriya sent her warm wishes to all women in Sri Lanka and across the globe. She…
Business Sri Lanka must brace for rising global prices amid Middle East tensions – Trade Minister
Wasantha Samarasinghe, the Minister of Trade, Commerce, Food Security, and Cooperative Development in Sri Lanka, warned that rising global prices are not…
Business IGP instructs police to monitor drone activities over national security concerns
The Inspector General of Police has directed all police stations to take steps to stop drones from being used to gather sensitive information that could affect…
Business Trump says there will be no deal with Iran except unconditional surrender
U.S. President Donald Trump stated on Friday that there will be no agreement with Iran unless it results in "unconditional surrender." This announcement came a…
Business Sathosa case against ex-minister Johnston- Further hearing on March 18
The Colombo High Court has scheduled another hearing for the case against former Minister Johnston Fernando and two others, related to the use of ‘Sathosa’…
Business UNP wants govt to seek assurances of no further US military actions near Sri Lankan waters
The United National Party (UNP) has raised concerns about the Sri Lankan government's lack of communication regarding the sinking of an Iranian ship by a U.S.…