Economy

Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies. Brent…

The Ceylon Motor Traders Association (CMTA), the senior most automotive association in Sri Lanka, recently held another CMTA Stakeholder Breakfast Forum at the Hilton Colombo Residencies.  The event was graced by His Excellency Denis…

Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’. The ratings on its local-currency bonds tendered in the domestic debt exchange have been…

Apple on Tuesday took the wraps off newer variants of some of its best-selling devices against the backdrop of flagging discretionary spending and expanded curbs on its flagship iPhone in China. The world’s most valuable listed company…

The Joint Apparel Association Forum (JAAF) welcomes the recent cabinet approval for the deferment of the Simplified Value-Added Tax (SVAT) scheme, set to now take effect from April 1st, 2025. JAAF is particularly appreciative of the…

The chairman of GFlock Mr. Ranil Villaddarage, said that which is the number one brand of ready-made garments both locally and internationally, will open the fourth branch in the country on September 15th at Delkada, Nugogoda. GFlock…

The United States government has asked a federal court in New York to delay judgment as it may intervene in the case between the Government of Sri Lanka and Hamilton Reserve Bank which sued for the recovery of USD250 million in bonds that…

The Central Bank of Sri Lanka (CBSL) issued Financial Consumer Protection Regulations, No. 01 of 2023 in terms of Section 10 (c) of the Monetary Law Act, No.58 of 1949 and published the same in the Government Extraordinary Gazette No.…

Aeroflot, the flagship carrier of Russia has confirmed plans to increase the frequency of flights between Moscow and the two island nations of Sri Lanka and Maldives. Accordingly, Aeroflot will increase the frequency of flights to…

A U.S. judge rejected Google’s bid to dismiss a lawsuit claiming it invaded the privacy of millions of people by secretly tracking their internet use. U.S. District Judge Yvonne Gonzalez Rogers on Monday said she could not find that…