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Oil prices drop

Sri Lanka, Feb. 16 -- Crude oil inventories in the United States saw a build of 4.1 million barrels during the week ending February 7, according to the U.S. Energy Information Administration. Crude o... Read More


ADB extends support for Lanka

Sri Lanka, Feb. 16 -- The Asian Development Bank (ADB) is in discussion with Sri Lanka to fund the island with US$900 million this year to support the economy. The Manila-based lender provided US$ 80... Read More


IT/BPO services to drive export earnings in 2025

Sri Lanka, Feb. 16 -- The digital economy will play an increasingly significant role with IT/BPO services expected to drive export earnings beyond US$1.5 billion this year according to the 'Outlook 20... Read More


Cargills records strong 3Q performance

Sri Lanka, Feb. 16 -- Cargills (Ceylon) PLC reported a strong bottom-line performance for the last quarter of 2024, driven by increased volumes across its key business segments - Retail (supermarkets)... Read More


Eco-activists warn of dire consequences to economy, environment without EPR laws

Sri Lanka, Feb. 16 -- The need to implement the Extended Producer Responsibility (EPR), a policy approach to make producers responsible for their products, has been felt strongly due to the continuous... Read More


Export Chamber keen to see labour law reforms in Budget

Sri Lanka, Feb. 16 -- The National Chamber of Exporters (NCE), the private sector body serving the export sector hopes to see labour law reforms in the 2025 Budget to create a flexible environment for... Read More


Troubled waters for fisher community

Sri Lanka, Feb. 16 -- The fisheries sector which plays a pivotal role in the social fabric and the economy has been in hot water for some time with many of the issues impeding its sustenance, remainin... Read More


FDIs valued at US$ 450-500 m in pipeline for Colombo Port City

Sri Lanka, Feb. 16 -- Sri Lanka is certainly recovering and there has been renewed interest shown by investors towards the Port City project, said Deputy Managing Director, CHEC Port City Colombo Ltd.... Read More


Health Minister holds talks with Korean Ambassador

Sri Lanka, Feb. 16 -- Discussions were held recently between Minister of Health and Mass Media Dr. Nalinda Jayatissa and Korean Ambassador to Sri Lanka, Ms. Miyon Lee on the status of the country's he... Read More


Quality educational system vital to achieve national aspirations - Prime Minister

Sri Lanka, Feb. 16 -- Prime Minister and Minister of Education, Higher Education and Vocational Education, Dr. Harini Amarasuriya said the future of all children is determined by the attitudes and act... Read More