Reuters – Oil prices seesawed on Wednesday after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to offset supply disruptions stemming from the war on Iran. Brent futures traded up 11 cents, or 0.13% higher, at $87.91 a barrel at 0129 GMT. U.S. West…
Reuters – Shares steadied on Wednesday following a brief retreat in oil prices, but markets remained anxious as contradictory signals from the U.S.-Israeli war on Iran left investors struggling to gauge its impact on global inflation and growth. A short-lived pullback in oil came after the Wall Street Journal reported that the International Energy Agency…
The Financial Intelligence Unit of Sri Lanka Releases the Executive Summary of the National Risk Assessment on Money Laundering, Terrorist Financing and Proliferation Financing – 2024/25 Sri Lanka has successfully completed the National Risk Assessment (NRA) 2024/25 on Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF), in collaboration with a total of 86…
The Cabinet of Ministers has approved the awarding of a contract to Millennium IT ESP (Private) Limited to supply and install an Oracle Exadata X11M system and its related software for Sri Lanka Customs. The approval was granted based on a proposal submitted by President in his capacity as the Minister of Finance, Planning and…
The Cabinet of Ministers has granted approval to the proposal to appoint a ‘Committee on Economic Surveillance’ to review potential economic impacts on Sri Lanka from the ongoing conflict in the Middle East. The proposal to establish the committee was presented by the President and received Cabinet approval. The committee will be chaired by Dr….
Ambewela Dairy Farm, a household name for dairy goodness, and renowned for its state-of-the-art technology and commitment to advancing dairy production, recently welcomed Hon.Minister of Agriculture, Livestock, Land, and Irrigation Mr. K.D. Lalkantha and also the Hon Deputy Minister of Education and Higher Education Dr. Madhura Senevirathne.This special visit was made with the objective of…
Reuters – Air New Zealand, opens new tab said on Tuesday it has raised all of its fares due to the Middle East conflict and may take further pricing action, underscoring how global airlines will seek to pass on the costs of higher oil prices to passengers. Jet fuel prices, which were around $85 to…
DCSL Breweries Lanka (Pvt) Ltd is excited to announce the international launch of Aliya Beer, the latest beer brand to emerge from Sri Lanka. Following its successful reception in local markets, Aliya Beer is now set to make its mark in export markets, introducing the world to the true taste of Sri Lanka. Available in…
The Sri Lanka Export Development Board (EDB) has made an announcement to the Sri Lankan export community that the ‘Sri Lanka Expo 2026’, an international trade exhibition, will be organised with the primary objective of connecting local businesses with international buyers and investors. This major exhibition is scheduled to be held over four days from…
Reuters – Oil prices fell on Tuesday after hitting their highest level in more than three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. Brent futures fell $6.51, or 6.6%, to $92.45 a barrel…
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