Damage from Cyclone Ditwah in Sri Lanka estimated at $4.1 billion – World Bank report

2025-12-23   |   Business

Cyclone Ditwah, which hit Sri Lanka in late November, has resulted in an estimated $4.1 billion in direct damage to buildings, agricultural areas, and...

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Gold and silver hit records as investors hunt for safety

2025-12-23   |   Business

The price of gold has reached a new record, trading above $4,400 (£3,275) per ounce for the first time. Analysts point out that this rise is due to e...

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Duo arrested at BIA for attempting to smuggle gemstones to China

2025-12-22   |   Business

Two Sri Lankans were taken into custody at Bandaranaike International Airport (BIA) for trying to smuggle gemstones to China. They hid the gems in the...

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Trump set to expand immigration crackdown in 2026 despite brewing backlash

2025-12-22   |   Business

U.S. President Donald Trump is set to launch a tougher immigration crackdown in 2026, backed by billions in new funding. This includes plans to increa...

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Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah

2025-12-22   |   Business

A group of leading economists, including Nobel laureate Joseph Stiglitz, has urged that Sri Lanka should pause its debt repayments as the nation deals...

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Govt managing the economy in a way that delivers tangible benefits to all Sri Lankans- PM Harini

2025-12-22   |   Business

Prime Minister Dr. Harini Amarasuriya emphasized that the current government aims to manage the economy to benefit all Sri Lankans, rather than just a...

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Seven dead in fatal plane crash including former NASCAR driver Greg Biffle

2025-12-19   |   Business

Seven individuals lost their lives on Thursday when a Cessna 550 business jet crashed in Statesville, North Carolina. Among the deceased is former NAS...

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Supplementary sum of Rs. 500B to be presented to Parliament today

2025-12-18   |   Business

A supplementary budget of Rs. 500 billion will be introduced in Parliament today, December 18, 2025, to help those whose lives have been disrupted by ...

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Julie Chung praises Starlink, Microsoft, and MIT for disaster relief efforts in Sri Lanka

2025-12-18   |   Business

Julie Chung, the US Ambassador to Sri Lanka, praised American companies and institutions for their help in Sri Lanka's recovery after Cyclone Ditwah. ...

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Govt to present Rs. 500B supplementary sum to Parliament tomorrow

2025-12-17   |   Business

A supplementary budget of Rs. 500 billion will be presented to the Parliament of Sri Lanka tomorrow, December 18. This funding is intended to help res...

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