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26th of April 2018
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Long-term agreement to purchase crude oil2018-04-25 11:46:31
Cabinet has ratified a proposal by Ministry of Petroleum Resources Development to purchase crude oil under long term contracts. It will facilitate con
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President urges CEB engineers not to strike2018-04-25 11:35:03
President Maithripala Sirisena has instructed the Public Utilities Commission to implement the approved Long-term Electricity Generation Plan of 2018 -
UNP announces changes to top posts2018-04-25 10:56:15
The United National Party has announced changes to the party hierarchy. The new changes are: General Secretary - Akila Viraj Kariyawasam Chairman - Ka -
Husband kills wife, commits suicide2018-04-25 06:47:37
A 51-year-old husband has killed his 53-year-old wife and committed suicide by hanging at Pelwatta in Buttala. Police said that the incident had occur -
SLFP to be fully restructured2018-04-25 05:48:37
The Sri Lanka Freedom Party Central Committee has decided to fully restructure the party targeting the victory of President Maithripala Sirisena at th -
Sri Lanka rupee plunges to a new low2018-04-25 05:42:35
The depreciation of Sri Lanka rupee against US dollar continues. The forex dealers said that the spot rate declined to 157.35 to 157.40 range as -
Presidential Commission on SriLankan Airlines to start work2018-04-25 05:23:17
The Presidential Commission which was appointed to look into the alleged malpractices and fraud at the SriLankan Airlines will start collecting eviden -
Study finds Provincial Councils have over 1500 unusable vehicles2018-04-25 05:22:03
A study conducted by the Ministry of Finance revealed that there are 15,946 vehicles in Provincial Councils and out of that 1,592 are not in a usable -
WhatsApp banned for U-16 in EU2018-04-25 04:59:00
Popular messaging service WhatsApp is banning under-16s from using its platform in the European Union. Users must currently be at least 13, but t -
Charges served on Fmr. Deputy Minister2018-04-25 04:52:22
Charges were served on former Deputy Minister Sarath Kumara Gunaratne and 6 others at the Colombo High Court today (Apr. 25). Thereafter, the sus -
UNP backbenchers want a secret vote2018-04-25 04:26:13
UNP backbenchers have proposed to party leader Prime Minister, Ranil Wickremesinghe that all positions in the party should be filled through a secret -
Traffic disrupted on Colombo - Kandy main road2018-04-25 03:45:25
Colombo - Kandy main road has been blocked for traffic from Kelaniya due to a demonstration carried out by undergraduates of Kelaniya University. Rea
Lanka Business Online
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35-pct of 2017 budget promises near completion, 24-pct broken: Research2018-04-25 06:31:56
Apr 25, 2018 (LBO) – Progress for the 2017 budget proposals tracked by Verité Research shows that almost a quarter of the budget promises -
Central Bank rejects Bandula’s claim on lack of funds to pay off T-bonds2018-04-25 05:46:50
Apr 25, 2018 (LBO) – Central Bank on Wednesday rejected the claim made by Parliamentarian Bandula Gunawardane on lack of funds the bank has to p -
Sri Lanka rupee falls to record low2018-04-25 05:00:42
Apr 25, 2018 (LBO) – Sri Lankan rupee has fallen to a fresh all-time low of 157.40 per dollar on Wednesday for a third straight session, pr -
Galle Face Properties commence construction of Renuka Tower2018-04-25 03:56:21
Apr 25, 2018 (LBO) – Sri Lanka’s Renuka Holdings Group said its subsidiary, Galle Face Properties Limited had started construction work on -
Cabinet approves purchasing crude oil at fixed price for 8 months2018-04-25 02:56:43
Apr 25, 2018 (LBO) – Sri Lanka’s Cabinet of Ministers have approved a proposal to purchase 7 million barrels of Murban crude oil at a fixe -
Sri Lanka Foreign Minister attends Berlin Energy Transition Dialogue2018-04-24 23:56:04
Minister of Foreign Affairs Tilak Marapana, attended the Berlin Energy Transition Dialogue (BETD), which commenced under the patronage of Federal Fore -
China’s massive OBOR hub for Asia bullish on Sri Lanka FTA2018-04-24 15:21:31
Apr 25, 2018 (LBO) – The South East Asian Gateway Province to mainland China’s ambitious One Belt-One Road (OBOR) initiative voiced i -
NTB launch Open API Banking2018-04-24 14:55:43
Apr 25, 2018 (LBO) – Sri Lanka’s Nations Trust Bank has launched a API Banking Platform enabling clients to integrate the bank’ -
Johann encounters high altitude on 1st leg of his mission to scale Mt. Everest2018-04-24 05:22:40
Eager to make his country proud, the brave son of Sri Lanka, Johann Peries has commenced his second attempt to scale Mount Everest. In the latest upda -
LAUGFS excel at CMI management excellence awards2018-04-24 01:36:14
Reinforcing the leadership force that drives LAUGFS, Lfinity – Chief Operating Officer (COO), Muditha Thebuwana and LAUGFS Gas – Deputy Ge -
Sri Lanka inflation slows to 2.8-pct in March, lowest since April 20162018-04-23 09:04:45
Apr 23, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 2.8 percent in March -
Sri Lanka foreign reserves fall to USD7.3bn in March2018-04-23 01:16:23
Apr 23, 2018 (LBO) – Sri Lanka’s official reserves have dropped to 7,309.11 million US dollars in March from 7,914.33 million dollars in F
Trading Economics
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Sri Lanka - Credit Rating2018-04-14 20:00:00
Standard & Poor's credit rating for Sri Lanka stands at B+ with stable outlook. Moody's credit rating for Sri Lanka was last set at B1 with nega -
Sri Lanka Standing Lending Facility Rate2018-04-14 06:45:00
Lending Rate in Sri Lanka remained unchanged at 8.50 percent in April from 8.50 percent in April of 2018. Lending Rate in Sri Lanka averaged 10.58 per -
Sri Lanka Cash Reserve Ratio2018-04-14 06:40:00
Sri Lanka Cash Reserve Ratio was quoted at 7.50 percent on Friday April 13. Cash Reserve Ratio in Sri Lanka averaged 8.61 percent from 1999 until 2018 -
Sri Lanka Money Supply M12018-04-14 06:14:00
Money Supply M1 in Sri Lanka decreased to 773420 LKR Million in January from 793300 LKR Million in December of 2017. Money Supply M1 in Sri Lanka aver -
Sri Lanka Three Month Interbank Rate2018-04-14 06:12:00
Sri Lanka Three Month Interbank Rate was quoted at 10.02 percent on Friday April 13. Interbank Rate in Sri Lanka averaged 11.81 percent from 2000 unti -
Sri Lanka Money Supply M22018-04-14 06:09:00
Money Supply M2 in Sri Lanka increased to 5739010 LKR Million in January from 5665310 LKR Million in December of 2017. Money Supply M2 in Sri Lanka av -
Sri Lanka Tourist Arrivals2018-04-13 09:29:00
Tourist Arrivals in Sri Lanka decreased to 233382 in March from 235618 in February of 2018. Tourist Arrivals in Sri Lanka averaged 47982.81 from 1977 -
Sri Lanka Balance of Trade2018-04-12 09:53:00
Sri Lanka recorded a trade deficit of 1062 USD Million in February of 2018. Balance of Trade in Sri Lanka averaged -504.78 USD Million from 2003 until -
Sri Lanka Exports2018-04-12 09:50:00
Exports in Sri Lanka decreased to 916 USD Million in February from 965 USD Million in January of 2018. Exports in Sri Lanka averaged 724.60 USD Millio -
Sri Lanka Imports2018-04-12 09:49:00
Imports in Sri Lanka decreased to 1978 USD Million in February from 2014 USD Million in January of 2018. Imports in Sri Lanka averaged 1173.56 USD Mil -
Sri Lanka Interest Rate2018-04-11 10:20:00
The benchmark interest rate in Sri Lanka was last recorded at 7.25 percent. Interest Rate in Sri Lanka averaged 7.84 percent from 2003 until 2018, rea -
Sri Lanka Gross Fixed Capital Formation2018-04-07 06:15:00
Gross Fixed Capital Formation in Sri Lanka increased to 3502123.90 LKR Million in 2017 from 3263242.60 LKR Million in 2016. Gross Fixed Capital Format
Reuters: Business News
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Boeing cruises past forecasts, sees no sign of cost trouble2018-04-25 13:31:12
(Reuters) - Boeing Co's profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world's big -
Volatile rouble encourages McDonald's to cook up Russian fries2018-04-25 13:23:49
LIPETSK, Russia (Reuters) - French fries at McDonald's restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food cha -
Trump, Apple CEO Cook to talk trade at White House2018-04-25 13:21:59
WASHINGTON (Reuters) - President Donald Trump was set to meet with Apple Inc Chief Executive Officer Tim Cook to discuss trade issues on Wednesday as -
Twitter trounces estimates as growth moves overseas2018-04-25 12:53:26
(Reuters) - Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue, profit and monthly active u -
General Electric workers, shareholders protest at annual meeting2018-04-25 12:46:59
IMPERIAL, Pennsylvania (Reuters) - General Electric CO employees and shareholders voiced frustration on Wednesday with the company's poor performanc -
Comcast confirms $31 billion bid for Sky, sparking battle with Fox2018-04-25 12:44:27
LONDON/NEW YORK (Reuters) - U.S. media group Comcast submitted a 22 billion pound($30.7 billion) bid for Sky on Wednesday, prompting the European pa -
Chevron evacuates Venezuela executives following staff arrests2018-04-25 12:37:12
(Reuters) - U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with -
Nasdaq open to cryptocurrency exchange in future, says CEO2018-04-25 12:23:20
(Reuters) - Nasdaq Inc is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves, the head of the exchange o -
Technology stocks hit as Wall Street turns lower2018-04-25 12:19:18
(Reuters) - U.S. stock indexes swung between gains and losses on Wednesday, as Boeing's jump after upbeat results and outlook was negated by declines -
Stocks slide for fifth day as U.S. 10-year yield tops 3 percent2018-04-25 12:17:18
NEW YORK (Reuters) - A gauge of global equities was poised for its longest losing streak of the year on Wednesday as 10-year U.S. Treasury yields once -
Shire willing to back $64 billion Takeda bid but market signals doubts2018-04-25 03:54:26
LONDON/NEW YORK/TOKYO (Reuters) - Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion offer from Japan -
Hostile takeover? Daimler CEO says no fears about Chinese magnate Li Shufu2018-04-25 03:52:37
BEIJING (Reuters) - German car maker Daimler AG's boss said on Wednesday there was no indication the firm's largest shareholder, Chinese auto magna
Sri Lanka News Updates at
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Tuk Tuk Safari2018-04-23 04:18:34
A group of 45 foreign tourists from New Zealand, Australia, the US, England and other countries is currently visiting the The post Tuk Tuk Safari appe -
Cartoon of the day2018-04-23 04:16:13
The post Cartoon of the day appeared first on Sri Lanka News Papers - News Headlines from Colombo. -
Govt. to impress diplomats with tourist safety measures2018-04-23 00:14:14
From left: Law & Order and Public Administration and Management Minister Ranjith Madduma Bandara and Tourism Development and Christian Religious T -
Three persons to be in charge of Sirikotha2018-04-22 23:49:34
United National Party (UNP) Headquarters is to be handed over to three persons who will be holding three major positions The post Three persons to be -
Fuel pricing formula, an IMF condition – JO2018-04-22 23:44:28
Joint Opposition (JO) spokesman Bandula Gunawardena, MP, yesterday alleged that the Sirisena-Wickremesinghe government was about to introduce a -
Min. Musthapha against removing unauthorized buildings in Mirissa2018-04-22 23:38:55
Minister of Provincial Councils and Local Government Faiszer Musthapha today opposed the Coastal Conservation Department’s decision to remove un -
Elephant race in Homagama2018-04-22 23:37:08
Mahouts are seen riding elephants passing the spectators during traditional games held to mark the Sinhala and Tamil New Year The post Elephant race i -
Industry slams Govt2018-04-22 23:32:16
By Leon Berenger The travel and hotel industry yesterday slammed the authorities for failing to stem the ‘Beach Boy’ menace The post Indus -
Anusha to call it a day after Asian Games2018-04-18 23:13:26
Boxer Anusha Kodithuwakku who broke the hoodoo to produce Sri Lanka’s first boxing medal in 68 years and maiden women’s The post Anusha to -
NOC chief says athletes should be honed on overseas contests2018-04-18 23:09:29
Following successful Commonwealth Games: Upbeat National Olympic Committee (NOC) of Sri Lanka chief Suresh Subramaniam has called for athletes to The -
Ranil’s not suitable for post of Premier…2018-04-17 23:27:26
Leader of the Janatha Vimukthi Peramuna, Member of Parliament Anura Kumara Dissanayake says Ranil Wickremesinghe is not suitable to hold The post Rani -
Sri Lanka car registrations up in March, Wagon-R leads2018-04-17 23:25:36
Sri Lanka’s vehicle purchases rose 6.5 percent in March 2018 from a year earlier, with car registration up 107 percent The post Sri Lanka car re
UN News Centre - Economic
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At development financing forum, top UN officials urge breakaway from ‘short-termism’2018-04-23 16:05:54
The United Nations will support countries’ path to sustainable development by brokering partnerships, pursuing innovative finance, leveraging re -
A bio-based, reuse economy can feed the world and save the planet – UN agency2018-04-20 16:59:43
Transforming pineapple skins into product packaging or using potato peels for fuel may sound far-fetched, but such innovations are gaining tracti -
UN-sponsored group tightens controls on spread of crop-attacking pests2018-04-18 16:09:33
With an estimated $220 billion of the global harvest lost to plant pests each year, the agency charged with fighting this scourge has adopted new stan -
Upswing in global growth won’t last forever; IMF says world must prepare now for leaner times ahead2018-04-17 16:36:56
While the world economy continues to show broad-based momentum, a new report released Tuesday by the International Monetary Fund (IMF) is warning -
Global anxiety deepens over online data and privacy protection – UN agency2018-04-16 17:41:41
Internet users worldwide are becoming more worried about their privacy online and many question the protections offered by Internet and social media c -
Short-sighted investment endangers development progress for hundreds of millions of people – UN report2018-04-13 17:19:34
While a moderate upturn in the world economy led to more development financing in 2017, a new United Nations report out Friday revealed that the -
At Asian forum, UN chief calls for more equitable globalization, urgent action on climate change2018-04-10 16:51:10
The world must act to spread the benefits of globalization more fairly while avoiding the perils of protectionism, the United Nations chief said on Tu -
UN population forum urged to examine ways to protect people on the move, make cities work better2018-04-09 17:07:53
A great migration of humanity into cities is under way, and with millions drawn to urban areas for the promise of a better life, the main United Natio -
Global food price index rises for second consecutive month – UN agency2018-04-05 10:09:11
Global food prices rose for the second consecutive month with the index for these commodities averaging 172.8 points in March, 1.1 per cent higher tha -
Business leaders at UN forum challenged to invest in a more sustainable future for all2018-04-04 17:48:47
Three years into the 2030 Agenda for Sustainable Development, the United Nations continues brokering new partnerships between governments, the private -
With a secure Liberia, country needs to focus on economic development – senior UN official2018-03-29 20:58:38
With the entire country of Liberia secure, it is a good moment to move the focus from security to economic development, a senior United Nations offici -
Facebook privacy debate shows most countries not ready for digital economy – UN2018-03-28 19:00:45
Internet user growth is booming and with more people than ever purchasing goods and services online, protecting their privacy must be a top prior
BBC News - Business
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Makeup makeover2018-04-22 19:09:05
Australian entrepreneurship Jo Horgan turned a love of makeup into 87-strong chain of cosmetics stores. -
Social media facing new UK laws2018-04-22 09:35:07
The health secretary wants action from the sites on underage use, bullying and screen-time limits. -
Korean Air 'nut rage' sisters step down2018-04-22 08:14:21
The airline boss's daughters have lost their tempers in separate incidents that hit the headlines. -
No-deal Brexit 'disastrous' for food firms2018-04-22 05:55:41
Free trade with the EU post-Brexit is "crucial" for UK food and drink firms, says a committee of MPs. -
Can you live in a plastic bottle house?2018-04-21 22:05:18
The man building a four-storey castle out of recycled plastic bottles. -
Brazilian saga2018-04-21 19:55:45
Brazil's Odebrecht scandal is one of the biggest corporate corruption cases in history. -
The master blender who is Scotch whisky's First Lady2018-04-21 19:35:01
Rachel Barrie is a rarity in the world of Scotch whisky - a female master blender. -
How whisky tasting 'plays a tune'2018-04-21 19:34:38
A whisky master blender explains how she detects an orchestra of flavours and aromas in Scotland's national drink. -
Three-way fight2018-04-20 20:34:06
Once synonymous with cheap flights and pre-breakfast pints - is Stansted Airport about to become glamorous? -
State pension gender gap 'narrowing too slowly'2018-04-20 16:46:12
Men still receive an average of £28 more a week in state pension than women despite reforms, says Which?. -
Six shops defying the High Street downturn2018-04-20 16:46:00
It's not all doom and gloom for UK retailers: some are managing to buck the trend. -
GDPR: Are you ready for the EU's huge data privacy shake-up?2018-04-20 16:07:33
Organisations have just seven weeks to prepare for a major shake-up to EU data privacy laws.
Business News - UPI.com
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Oil prices stuck on now-what questions2018-04-24 10:24:28
Crude oil prices were searching for direction in early Tuesday trading as geopolitical risk tugged against potential risks on the demand side. -
Shell holds tight to shale basin in Argentina2018-04-24 09:59:12
The Vaca Muerta shale formation in Argentina has substantial growth potential remaining, Shell said Tuesday after it unloaded its downstream business. -
Rheinmetall to provide air defense system to Asian nation2018-04-24 09:40:41
An undisclosed Asian customer is set to receive Skyshield air defense systems from Rheinmetall in a deal worth more than $122 million. -
High gas prices not yet crimping demand2018-04-24 08:31:02
Higher retail gasoline prices in the United States aren't doing much yet to crimp demand, which is testing multi-year highs, a market reports find. -
Weatherford takes a loss in the first quarter2018-04-24 07:59:24
Following its industry peer, Schlumberger, oilfield services company Weatherford said its revenue for the first quarter was lower despite the robust m -
U.S. exporting more oil, but that could change2018-04-24 07:01:02
Market conditions are right for more U.S. oil exports, but that could change on seasonal factors and uncertainty about consumer demand, a market repor -
Russia eyes free trade with Iran2018-04-24 06:16:50
An interim agreement with Iran could open the trade doors with members of the Eurasian Economic Union over the next four years, Russia's prime minist -
Minnesota clears path for Enbridge oil pipeline2018-04-24 05:51:06
With certain conditions, a judge in Minnesota backed a plan by Canadian oil shipper Enbridge to replace an aging oil pipeline with a bigger one. -
State Dept. approves $1.2B sale of helicopters, missiles to Mexico2018-04-23 13:52:10
The State Department has approved a foreign military sale to Mexico of MH-60R Seahawk multi-mission helicopters, as well as missiles, radars and machi -
HII tapped for maintenance, upgrade services on USS Theodore Roosevelt2018-04-23 12:03:40
Huntington Ingalls was awarded a $12.4 million contract by the U.S. Navy for services on the USS Theodore Roosevelt, a Nimitz-class aircraft carrier. -
Army taps AeroVironment for Switchblade missiles2018-04-23 10:46:34
AeroVironment was awarded a contract by the U.S. Army to provide hardware and parts for Switchblade miniature aerial missile systems. -
U.S. sanctions relief to Russia drags oil prices lower2018-04-23 09:51:54
Relief measures from U.S. sanctions on Russia rippled across the commodities sector Monday, sending crude oil prices down more than 1 percent in early
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