Oil Rises as Reality Dawns Over Venezuela’s Export Crisis
Oil rose on Thursday on concerns about a plunge in exports from Venezuela, although surging U.S. production kept gains in…
Category: BUSINESS
Sri Lanka Tourist Arrivals Up 6.2-Pct in May, Crosses 1Bn Mark for 2018
Sri Lanka’s tourist arrivals were up 6.2 percent to 129.466 in May 2018 from a year earlier with arrivals in the…
Sri Lankan Rupee Holds Steady Near Record Low
The Sri Lankan rupee ended steady on Thursday, holding near the record low hit in the previous session, as importer…
4th Review of Sri Lanka Completed By IMF
The Executive Board of the International Monetary Fund has completed the fourth review of Sri Lanka’s economic performance under the…
Sri Lanka Exports Up 6.3-Pct to USD1.1Bn
Sri Lanka’s overall exports were up by 6.3 percent to US 1.1 billion dollars with an increase in industrial exports, data from…
Oil Retreats But Cautious Before OPEC Meeting
Oil edged lower on Thursday on expectations of a rise in U.S. crude inventories and the prospect of increased output…
Colombo Port Shows Second Highest Growth Rate in Global Port Rankings
Colombo Port has been ranked as the port that shows the second highest growth rate among container ports worldwide, Sri…
Global Black Tea Production To Go Up 2.2-Pct Annually Over Next Decade: Report
World production of black tea is projected to rise annually by 2.2 percent over the next decade to reach 4.4…
Oil Sinks Further As OPEC And Russia Look To Raise Output
Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains…
Sri Lanka Tea Exports Up In April 2018, Low Grown Production Down
Sri Lanka’s tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same…
Sri Lanka Central Bank Clarifies On External Debt and Reserves
Sri Lanka’s Central bank issuing a statement has clarified a misleading news item has been disseminated in relation to Sri…
Sri Lanka Inflation Slows To 1.6-Pct In April, Lowest Since Feb 2016
Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 1.6 percent in April, lowest since…
Srilankan Airlines Strengthens Efforts Against International Species Smuggling
SriLankan Airlines, long in the forefront of global conservation efforts, launched a new ‘Corporate Policy on the Carriage of Fauna…
Oil Prices Rise As China, U.S. Put Trade War ‘On Hold’
Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming…
China Approves USD 1 Billion for Central Expressway
The Government of China has approved a loan of US$ 1 billion as funding for the construction of Central Expressway…