Business

Microsoft Corporation has stated that it is investigating an outage in which users were unable to access Microsoft Teams or use any of the app's features. Microsoft Corporation, colloquially known as Microsoft, is an American multinational technology corporation headquartered in...

'Our consistent position has been that devolution of power must be negotiated in accordance with the 13th amendment to the Sri Lankan HC India' India will help Sri Lanka stage an “early and effective” economic recovery, Indian High Commissioner in...

One shipment of Petrol has arrived in the country and is currently undergoing quality testing; unloading will begin tomorrow (21), according to Power and Energy Minister Kanchana Wijesekera. He stated that Ceylon Petroleum Storage Terminals Limited (CPSTL) will begin train...

Concerned about what is going on here Indian foreign minister Dr S Jayasankar says that India is concerned about what is going on here. He mentioned these sentiments while addressing the all party conference summoned by them to discuss matters...

Statement issued just hours before the presidential election IMF Managing Director of the International Monetary Fund, Kristalina Georgieva, issuing a statement, said that the IMF is planning to finalise Sri Lanka's release programme discussion as soon as possible.  No sooner...

The Panel to Examine Monetary, Fiscal, and Macroprudential Interaction Review will issue recommendations by March 2023 at the latest. Following criticism of the Reserve Bank's recent performance, Australian Treasurer Jim Chalmers announced the terms of a review of the institution's...

The Minister of Power and Energy has established a new plan for pumping fuel until the new permit plan is implemented. This scheme will go into effect immediately. From today, motor bicycles will be able to pump only Rs. 1500,...

Commencing from August 1, electricity charges will be increased by 69%. The Public Utilities Commission of Sri Lanka (PUSL) Chairman, Mr. Janaka Ratunayake, indicated. He also said that the CEB had asked for a 130% increase, but this increase was...

The Chairman of the Public Utilities Commission of Sri Lanka, Janaka Ratnayake argues that rather than the Rs. 20 reduction that was announced last night(17), the price of fuel should be cut even more. In a statement, Janaka Ratnayake demanded...

Lebanon faces worst inflation rate in the world, followed by Zimbabwe and Sudan, according to 'Trading Economics', which sources data from governments. Since January 2022, India's inflation rate—the average yearly change in the price of a basket of goods (Consumer...