Deputy Minister of Finance Dr. Anil Jayantha Fernando announced that bondholders have agreed to restructure the USD 175 million bond issued by SriLankan Airlines. Addressing Parliament today (19), he said that 98% of lenders and 99% by value have consented to the restructuring. He emphasised that debt restructuring was critical to move beyond economic stabilisation,…
BBC – Oil prices rose above $110 (£82.78) a barrel after Iranian media reported an airstrike hitting a facility on the world’s largest natural gas field. The Brent crude oil benchmark hit $112 a barrel in early Thursday trade in Asia, more than 5% higher than Tuesday’s prices. The price has since fallen slightly. The benchmark…
Ambewela, the name conjures images of misty hill tops, rolling green meadows, pedigreed cows, state of the art, sophisticated barns, and milking parlours, and the purest milk available in the South Asian region. To test the accuracy of these claims, there have been large groups of industrialists, agriculturalists, and dairy experts from various European countries…
Sri Lanka’s stock market has suffered a significant setback, with over Rs. 1 trillion wiped off its value amid escalating tensions in the Middle East. The conflict began on February 28, 2026, when the United States and Israel launched attacks on Iran, triggering a wider regional crisis. The situation has not only destabilised the Middle…
A new feature has been added to the system starting today (March 19) to address the difficulties faced by the public when trying to obtain the QR code of a previously registered vehicle, especially in cases where the mobile phone number used for the original registration is no longer in use. In many instances, when…
A rapid first-year ramp-up at the Port of Colombo in Sri Lanka underscores the expanding global footprint of Adani Ports and Special Economic Zone Ltd (APSEZ), highlighting both the growing importance of the Indian Ocean Region (IOR) in global trade flows and its emerging role in the blue economy. In a milestone that signals both…
In a critical response to Sri Lanka’s escalating fuel shortages driven by Middle East tensions and QR rationing, Export Development Board (EDB) Chairman Mangala Wijesinghe has highlighted a priority program to ensure exporters receive their essential fuel stocks without delay. Treating the export sector as the nation’s top priority, this government-backed initiative aims to shield…
Reuters – Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field, a major escalation in Tehran’s war with the U.S. and Israel. Brent futures were up $3.69, or 3.44%, to $111.07 by 0142 GMT, while U.S….
Reuters – Stocks slid and oil prices rose sharply on Thursday after major escalation in the U.S. and Israel’s war with Iran rattled investors, while the yen wobbled near the crucial 160 per dollar level as Japan’s central bank left interest rates unchanged. As widely expected, the Bank of Japan left unchanged its short-term policy…
UN Global Compact Network Sri Lanka (Network Sri Lanka) convened corporate leaders and partners yesterday for a Memoranda of Understanding (MoU) Signing Ceremony, welcoming new Patrons and Ecosystem Partners who will support the Network’s efforts to strengthen corporate sustainability action across Sri Lanka. At the centre of the ceremony was the recognition of Commercial Bank,…
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