LAUGFS Gas PLC has commenced island-wide distribution, releasing approximately 30,000 LPG cylinders daily following the resumption of filling operations at both the Hambantota (HBT) and Mabima plants. With both facilities operating in together, the company is accelerating distribution to restore market availability and meet heightened demand. LAUGFS Gas further assures uninterrupted LPG supply during the festive season, supporting…
Reuters – Oil fell below $100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. Brent futures fell $16.32, or 14.9%, to $92.95 a barrel at 0630 GMT, while WTI slid $18.16, or 16.1%, to…
The Board of Investment (BOI) of Sri Lanka is pleased to announce the appointment of Dr. Sulakshana Jayawardena as its acting Chairman. A veteran of the Sri Lankan Administrative Service (SLAS) with over 23 years of distinguished experience, Dr. Jayawardena brings a wealth of expertise in public administration, policy formulation, and large-scale project management to…
SriLankan Airlines wishes to inform the public of a serious escalation in ongoing scam activities targeting passengers and potential customers. The airline has identified incidents of individuals impersonating SriLankan Airlines staff, including via WhatsApp and direct phone calls. During these interactions, scammers may request recipients to install mobile applications, share their screen or disclose one-time…
Sri Lanka’s official reserve assets declined by 3.5% in March 2026, according to the latest data released by the Central Bank of Sri Lanka. The country’s total official reserves stood at US dollars 7,019 million at end March 2026, compared to US dollars 7,270 million recorded at the end of February. In February, Sri Lanka’s…
Sri Lanka is aiming to reach a staff-level agreement with the International Monetary Fund by Thursday (09), President Anura Kumara Dissanayake revealed, in a move that could unlock up to $700 million in funding. Addressing Parliament today (07), the President said talks with the visiting IMF team are ongoing and “productive,” with efforts underway to…
Reuters – Oil prices extended gains on Tuesday as a U.S.-imposed deadline loomed for Iran to open the Strait of Hormuz or be “taken out”, with U.S. President Donald Trump threatening to order attacks on Iranian bridges and power plants. Brent crude futures rose $1.74, or 1.6%, to $111.51 a barrel by 0530 GMT, while U.S. West Texas Intermediate crude…
The final report of the Census of Population and Housing 2024 in Sri Lanka was officially presented Monday (06) at the Presidential Secretariat to President Anura Kumara Dissanayake by Ms. K. M. D. S. D. Karunarathne, Director General of the Department of Census and Statistics. The Census of Population and Housing 2024 is the 15th…
The Executive Board of the International Monetary Fund (IMF) discussed the IMF staff policy paper on Understanding Global Imbalances on Wednesday, April 1, 2026. Against the backdrop of persistent and recently widening global imbalances, the paper presents a structured framework for understanding how domestic policies can influence current account positions by altering domestic saving and…
Following the launch of the National QR Payment Promotion Initiative, a meeting between President Anura Kumara Dissanayake and the heads of banks and financial institutions was held this morning (06) at the Presidential Secretariat. The President explained the responsibility entrusted to banks and financial institutions in ensuring the success of the National QR Payment Promotion…
Video Story
