BUSINESS

Sri Lanka foregoes US$1.04 billion in man –made crop disaster

Sri Lanka’s unplanned shift to organic farming from chemical based agriculture practices has triggered a man-made crop disaster and incurred a massive loss of...

CEB to buy fuel directly from LIOC amidst imminent 4 hour power cut      

In the wake of fuel short supply due to the dollar crisis, Ceylon Electricity Board (CEB) is preparing to purchase fuel directly from the...

Political agendas led to USD 41 m forex loss – Avant Garde Chairman

By Kathya de Silva Senarath Avant Garde Maritime Services (AGMS) was a name synonymous with court cases and laden with accusations over the legality of...

SL diplomatic missions under go over due overhaul pruning expenditure  

A well overdue major overhaul of Sri Lanka’s diplomatic service is on the cards as the government is grappling to meet expenses of foreign...

Finance Minister reluctant to release state financial statement     

Sri Lanka's current financial statement cannot be made public as it will create a big issue for the government, Finance Minister Basil Rajapaksa publicly...

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