CEB’s new electricity companies formed; Employees raise concerns
Ceylon Electricity Board (CEB) employees have expressed displeasure over the government’s move to abolish the CEB and establish six new companies, which comes into effect today (09). The abolishment follows the restructuring process, under which the long‑standing Ceylon Electricity Board…
Oil soars 25%, gold drops as Iran war jolts global commodity markets
Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies, boosted the dollar and dampened hopes…
CCC hosts SME finance seminar
The Ceylon Chamber of Commerce successfully hosted a seminar and panel discussion titled “Access to Finance for SMEs: Understanding Government Concessional Loan Facilities” in February, which drew over 130 participants. The event underscored the strong interest among small and medium…
Microfinance law sparks criticism from activists
The passage of the Microfinance and Credit Regulatory Authority Bill in Parliament on 4 March has sparked sharp criticism from grassroots organisations and activists. While the government hails the new law as a step toward licensing and supervising Sri Lanka’s…
Litro Gas assures uninterrupted LPG supply with monthly shipments
Litro Gas Lanka Limited says it continues monthly imports to ensure an uninterrupted supply for over 4 million domestic users in Sri Lanka, emphasizing its commitment to meeting consumer demand without disruption. In a statement, the company said it sources…
St. Joseph Hospital Expansion to Boost Advanced Surgical Care in Negombo
A new chapter in healthcare development in Negombo began as St. Joseph Hospital officially broke ground on a state of the art Operating Theatre Complex, a project expected to strengthen surgical services in the region and contribute to the advancement…
Remittances, reserves support Sri Lanka’s external stability: CBSL
Sri Lanka’s external sector remains steady with workers’ remittances and reserves showing resilience, according to the Central Bank of Sri Lanka. Workers’ remittances amounted to USD 729 million in February 2026, compared to USD 751.1 million in January 2026. This…
PM Harini in Philippines to attend ADB Women’s Day events
Prime Minister Harini Amarasuriya departed for the Philippines on Sunday (08) to undertake an official visit at the invitation of the Asian Development Bank (ADB), where she will participate in events marking International Women’s Day. Upon arrival at the Ninoy…
CCTV footage captures chain-snatching attempt on 18-year-old girl
CCTV footage has exposed an attempted chain‑snatching in broad daylight, showing a motorcyclist obstructing an 18‑year‑old girl’s scooter on the main road and attempting to snatch her gold necklace. CCTV footage shows the motorcyclist obstructing the young woman on a…
Rolf Blaser Of Baurs Honoured as CEO of the Year 2025
Rolf Blaser, Managing Director and Chief Executive Officer of A. Baur & Co. (Pvt.) Ltd., has been conferred the distinguished honour of CEO of the Year 2025 by the Global CEO Forum, placing him among an exceptionally exclusive cohort of…