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CPC slashes fuel prices slightly still maintaining inflated price

Realizing the reality of accepting the pump up of fuel price to a new high in an irregular fuel pricing formula ,the Ceylon Petroleum Corporation (CPC) has slashed fuel prices with effect fro10 am yesterday although it was a very nominal reduction compared to current inflated price,

Dealers with links to black market dollar trade enter commodity imports

Several dealers with links to black market dollar trading registered with the Trade Ministry under the US$ 1 billion Indian credit line are now active in the import of essential commodities taking advantage of easing restrictions on open account transactions, a Pettah Traders Association’s high ranking member alleged.

UN urges to ensure peaceful and constitutional transfer of power in Sri lanka

The head of the UN Country Team in Sri Lanka has urged senior politicians to ensure a peaceful transfer of power in line with the national Constitution, following weeks of protests that finally saw the resignation of President Gotabaya Rajapaksa on Thursday.

Ukraine blames Russia for Ongoing Crisis in Sri Lanka

Ukrainian President Volodymyr Zelensky blamed Russia for causing unrest in Sri Lanka as well as around the world due to the blocking of food products during the invasion of Ukraine.

The Observer view on the upheaval in Sri Lanka

Sri Lankans are to be congratulated on their ousting of the Rajapaksa family, crowned by last week’s hasty flight into exile of the country’s president, Gotabaya Rajapaksa.

Breaking

Sri Lanka Footwear Sector Eyes US $700Mn despite Labor, Smuggling Hurdles

By: Staff WriterJune 19, Colombo (LNW): Sri Lanka's Footwear and Leather...

Rupee Remains Steady as Bond Yields Edge Up and Markets Dip

By: _Isuru Parakrama_June 19, Colombo (LNW): The Sri Lankan...

Fashion Bug Among Sri Lanka’s Most Loved Corporate Brands Recognised by LMD

June 19, Colombo (LNW): Fashion Bug has been recognised...

Govt Launches Revival Drive for Crisis-Hit SMEs providing Rs. 1 Trillion Aid

By: Staff WriterJune 19, Colombo (LNW): The Sri Lankan government is...
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