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
Sri Lanka’s tea export sector is losing between US$10 million and US$15 million each week due to the ongoing military situation in the Middle East involving Iran, according to the Tea Exporters
More
Sri Lanka has announced a nationwide increase in fuel prices, with the revision coming into effect from midnight on March 9. The adjustment was confirmed by the Ceylon Petroleum Corporation (Ceypetco), the
More
The Public Utilities Commission of Sri Lanka has issued a detailed report warning that the country could face significant disruptions to electricity generation in April, June, and July 2026 due to the
More
Speaking at the outset of his address to Parliament yesterday, President Anura Kumara Dissanayake of Sri Lanka laid out in stark terms what he described as the country’s most pressing structural weakness
More
In the latest escalation of the crisis in the Middle East, Iran has closed the Strait of Hormuz. According to Science Direct, Sri Lanka imports nearly all of its oil and gas,
More Sri Lanka’s vital tea export industry has been thrown into uncertainty as escalating military tensions in the Middle East disrupt key shipping lanes across the Mediterranean and Gulf seas. The government warns
More
India’s lucrative basmati rice exports, valued at nearly $6 billion for FY25, are facing an unprecedented threat as escalating tensions in West Asia disrupt shipping and raise logistics costs. Exporters are meeting
More
India’s fertilizer subsidy bill is poised to climb in the current and upcoming fiscal years as tensions in the Gulf region threaten to drive up natural gas prices and freight costs, industry
More
Global oil markets were jolted into volatility on March 2 after a series of coordinated disruptions struck at the heart of the Persian Gulf’s energy system, raising fears that a regional confrontation
More Businessmen operating fuel stations under the Ceylon Petroleum Corporation (CPC) are reporting severe financial distress following the corporation’s decision to cut the 3 percent commission that has been paid to station operators
More