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Economy
Oil slips from near six-months highs despite supply concerns
Oil prices fell on Monday after surging to near six-month highs late last week, although ongoing attacks on Saudi Arabia kept supply concerns in focus.
US crude futures were down $1.60, or 1.55 per cent, at $101.67 per barrel by 0018 GMT.…
China’s Sapphire Rush: Is Sri Lanka Giving Away Its Gem Wealth While Foreign Traders Reap the…
Sri Lanka has long been known as Ratna-Dweepa, the "Island of Gems." From the legendary blue sapphires of Ratnapura to prized rubies, spinels, garnets, cat's-eye chrysoberyl, and dozens of other precious and semi-precious stones, the island…
A hard state and a broken society
Pakistan’s deepest crisis is no longer merely economic. Failing public finances are steadily lowering living standards, weakening the promise of citizenship and pushing society towards a deeper, potentially dangerous rupture.
We talk…
Pakistan’s Economy Under Shehbaz Sharif: Stability Without Growth?
Over the past four years, the Pakistani government of Shehbaz Sharif has repeatedly highlighted one achievement above all others: economic stabilisation. Officials have argued that Pakistan was heading toward default and that difficult…
Sri Lanka’s economy reaches pre-crisis levels but recovery uneven – World Bank
Sri Lanka’s economy reached a significant milestone, reaching pre-crisis levels. But the recovery remains incomplete and uneven, with household incomes and labor market outcomes still lagging the broader economic rebound, says the World…
Oil rises slightly as market weighs mixed supply signals
Oil prices drifted slightly higher on Friday after China halted fuel exports, while the Wall Street Journal reported that the US is sending more troops and carriers to the Middle East as it also tries to make Europe draw down more…
CBSL maintains overnight policy rate at 8.75%
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 8.75%, following its latest meeting, citing evolving domestic and global economic conditions.
The Board said it…
Oil prices rise for second session on continued Middle East supply concern
Global oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports from the region.
Brent crude futures…
From Anuradhapura to Norochcholai: SL’s next energy crisis may be made at home
President Anura Kumara Dissanayake inaugurated an important shift in Sri Lanka’s energy landscape in Anuradhapura on 18 September. A 10 MW / 40 MW hour (h) battery energy storage system (BESS) was connected to the national grid, allowing…
Oil prices edge lower as Iran says it is open to diplomacy to end the war
Oil prices edged lower on Thursday, after climbing 4 per cent in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so.
Brent crude futures…