3
President Donald Trump said Friday the US military had heavily bombed targets on Iran’s Kharg Island, which handles almost all of Iran’s crude exports, and he threatened to hit the island’s oil infrastructure.
2
Auction No. 10 that concluded was the second auction following the recent tension in the Middle East and notwithstanding the speculation of adverse repercussions vis-à-vis the overall demand/prices at the auctions – there was good general demand, with only the Tippy teas declining substantially and at times being unsellable.
0
The Export Development Board (EDB) recently held a high-level meeting to discuss the critical issues faced by the exporters of major products to the Middle East market, due to the ongoing conflict in the Middle East region.
5
The Strait of Hormuz carries roughly 20 percent of global oil supplies and energy trade worth about $500bn annually. It is also a transit route for liquefied natural gas, chemicals and fertilisers, raising the risk of wider economic disruption if the closure persists.
2
President Anura Kumara Dissanayake held a key discussion with representatives of trade unions affiliated with the Ceylon Electricity Board (CEB), assuring that the Government is committed to addressing issues faced by employees and safeguarding their rights during the ongoing restructuring process.
2
CCTV footage has captured a dramatic robbery at a gem testing and sales centre on E.L. Senanayake Street in Kandy, where a suspect allegedly sprayed liquid at the owner’s face before fleeing with gems valued at around Rs. 6 million.
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Whist highlighting that Sri Lanka should integrate with others in the Indian Ocean region in the wake of the Middle East tensions, former President Ranil Wickremesinghe said the cooperation should expand from economic, security and political spheres.
3
A suspect who had been remanded for allegedly accepting a bribe of Rs. 5 million to secure bail for a notorious large-scale drug trafficker known as ’Dematagoda Ruwan’, who had been arrested over allegations of illicit wealth accumulation, was further remanded till March 20 by Colombo Additional Magistrate Lahiru Silva today.
9
The Commission to Investigate Allegations of Bribery or Corruption informed the court that investigations have been concluded in the case filed against former Minister Shashindra Rajapaksa and two others over the alleged unlawful obtaining of compensation amounting to Rs. 8.85 million.