Former President and United National Party (UNP) leader Ranil Wickremesinghe has warned that Sri Lanka is heading towards a severe economic crisis, alleging that the current administration is steering the country towards
Donald Trump stated that the United States would “obliterate” Iran’s power plants if the Strait of Hormuz is not opened before the 48-hour deadline. Iran responded: “If Iran’s fuel and energy infrastructure
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The global airline industry is confronting its most severe crisis since the COVID-19 pandemic, as the ongoing Middle East conflict disrupts operations, sends fuel costs soaring, and wipes more than $50 billion
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It is disheartening to see even the streets turn into holding pens for people queuing for rationed fuel. This scarcity lays bare the country’s condition. Yet the issue is not which foreign
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There is a time to play politics, a time to destabilize governments for political gain, and a time to hide the truth from the people, again for political gain. This is not
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Sri Lanka is confronting a new wave of geopolitical and economic uncertainty as the expanding conflict in the Middle East begins to ripple across the Indian Ocean region, prompting urgent warnings from
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Colombo Chief Magistrate Asanga S. Bodaragama on March 12 ordered the Central Bank of Sri Lanka to immediately take measures to prevent the outflow of local currency to foreign countries through cryptocurrency
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by Our Correspondent in Colombo Sri Lanka is reportedly confronting an acute shortage of crude oil, sparking fears of a potential energy crisis in the near future, according to sources within the
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The opening week of March 2026 was marked by a sharp divergence between global instability and domestic resilience. While the Gulf conflict has sent shockwaves through energy markets, Sri Lanka’s internal fiscal
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Hoteliers from Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Kerala, West Bengal, Rajasthan, Gujarat, and Odisha have reported severe shortages of commercial LPG cylinders, which are essential for daily kitchen operations. Associations such as the
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Pakistan’s government is preparing to introduce fuel-saving and austerity measures after global oil prices surged above $100 per barrel and gas supply disruptions in the Middle East triggered panic buying in the
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