Due to falling global oil prices - Will local oil prices decrease?
Sri Lankans could receive a welcoming surprise at the pump in a matter of days or weeks as the global oil hit a 15-month low last week on concerns about a banking sector crisis in the United States that may spill over into other parts of the world.
IMF deal will bring positive economic gains -Ravi Krunanayaka
Former Finance Minister Ravi Kar-unanayake yesterday said Sri Lanka’s deal with the Inter-national Monetary Fund to unlock the $ 2.9 billion Extended Fund Facility (EFF) will be mainly building international reserves to meet external payments and support of macroeconomic adjustment and structural reform programs amidst economic and political crises. Karunanayake, who in 2019 effectively handled $ 1.5 billion IMF bailout deal to boost foreign exchange reserves and avert a balance of payments problem, noted that it will be a catalyst to generate additional international financial assistance in three ways
Presidential Election before LG polls: Sisira Jayakody
State Minister of Indigenous Medicines Sisira Jayakody said that the Local Government Election will not be held on April 25 and a presidential election will be held in November.
Will resort to TU action, if no solution for teacher transfers: Teacher’s Unions
The Ceylon Teachers' Union (CTU), the All Island United Teachers' Union (AIUTU), and the Joint Teachers' Service Union (JTSU) claimed yesterday that they will engage in trade union action if the government fails to provide solutions for the sudden decision to dissolve the National School Teacher Transfer Board.
2023 BMW XM First Drive Review: The Fantastic Future Of M
The BMW XM plug-in-hybrid has what it takes to compete with performance SUVs like the Lamborghini Urus.
International court issues war crimes warrant for Putin
The International Criminal Court said Friday that it has issued an arrest warrant for Russian President Vladimir Putin for war crimes, accusing him of personal responsibility for the abductions of children from Ukraine.
2023’s first school term begins on April 5
The first school term for the year 2023 will start on April 5, the Education Ministry announced.
Sri Lanka Tea Board promotes Ceylon tea in FOODEX 2023 in Tokyo
The Sri Lanka Tea Board, with the assistance of the Sri Lanka Embassy in Japan, showcased ‘Ceylon Tea’ at the 48th International Food and Beverage Exhibition FOODEX 2023 in Tokyo, which is the leading food and beverage tradeshow in Asia.
JAAF welcomes IMF the endorsement of SL bail out package
The Joint Apparel Association Forum (JAAF) yesterday said it welcomes the progress made by the Sri Lankan authorities in securing financing assurances from China, India and the Paris Club creditors, paving the way for the IMF (International Monetary Fund) to consider approval of the long-awaited $ 2.9 billion bailout package.
New plane orders take off in India's aviation market
A series of record airplane orders is turning India into the aerospace industry's hottest growth market. Air India is on a buying spree, likely to be followed by IndiGo, and it will make Airbus and Boeing even richer.
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Sri Lanka’s economy’s contraction persists in this year as well
Hot on the heels of the worst ever contraction of 7.8% in 2022, the economy’s struggle is persisting and recovery remains most challenging this year as well judging by the latest update from the Purchasing Managers Indices.
Parent of Silicon Valley Bank seeks bankruptcy protection
SVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn't disclose the risks that future interest rate increases would have on its business.
Infant left in a train: Couple says they will be legally married for child’s well-being
The unmarried couple who had abandoned a 13-day-old infant in the toilet of the Batticaloa-bound Meenagaya express train today sought court’s permission for the care and full custody of their child after insisting that they will be legally married for the child’s well-being.
Credit Suisse borrows more than $50 billion from Swiss National Bank
Credit Suisse said Wednesday it would borrow up to 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank just hours after the central bank offered up a loan to keep the beleaguered bank afloat and reassure investors.