Against the backdrop of disruptions to global oil supply, Sri Lanka expects to finalize an oil purchase deal with Russia next week, an official said.

Putting to rest speculation about the U.S. attack on an Iranian warship in Sri Lanka’s Exclusive Economic Zone (EEZ), which killed 104 Iranian sailors, Iranian Ambassador to Sri Lanka Alireza Delkhosh said yesterday that the vessel ‘IRIS Dena’

In the midst of the widening conflict in the Middle East, Three Gulf airlines have sought a request for the use of the Mattala Rajapaksa International Airport (MRIA) as a hub, but the government is yet to firm up the decision, an official said.

Amidst controversy over recent Iranian naval ships in Sri Lanka, President Anura Kumara Dissanayake yesterday revealed that the United States had requested on February 26 to land two U.S. Navy fighter jets

In a significant ruling, the Supreme Court of Sri Lanka has held that the recognition of a foreign judgement granting a divorce in Sri Lanka must strictly comply with domestic statutory provisions, thereby limiting the grounds for divorce to adultery

Fuel prices in Sri Lanka are likely to rise once more by the end of this month or early next month, according to informed sources at the Ceylon Petroleum Corporation (CPC). Officials indicated that the upcoming increase could surpass the recent hike,

Energy Minister Kumara Jayakody hinted out power interruptions as such a scenario could become unavoidable in the future despite the government’s efforts to maintain a continuous electricity supply.

Sri Lanka has turned to the United States for domestic gas purchases instead of depending on the Middle East for supplies, and a shipment that has already been imported is currently stored at anchorage in the Maldives waters due to the lack of suffic

The Education Ministry has not taken any decision to suspend school activities or introduce distance learning programs due to the fuel queues that emerged following the reimplementation of the QR code system.

The National Fuel Authorization System (QR Code), introduced by the government in the midst of uncertainty in the global economy following the Middle East, is to continue for an indefinite period with the government planning to link it to a digital p

Air ticket prices in Sri Lanka are expected to see an increase in the near future, driven by the rising costs of aviation fuel in the global market.

Colombo Chief Magistrate Asanga S. Bodagamage observed that due to loopholes in actions carried out by state financial institutions under the Foreign Exchange Act, money in Sri Lanka is being transferred overseas through cryptocurrency transactions.

In a bid to ward off a possible fuel-related crisis due to the widening conflict in the Gulf, the government, through the Ceylon Petroleum Corporation (CPC), is in talks with India and China for oil purchases, an official said.

While some countries are taking various measures to reduce fuel consumption amidst sky-rocketing fuel prices due to the tension in the Middle East, Cabinet Spokesman Minister Nalinda Jayatissa said yesterday Sri Lanka is not expecting to reduce fuel

Following the closure of Middle Eastern airspace, SriLankan Airlines, the national carrier, has adopted an alternative route through Afghanistan and Azerbaijan for its European destinations, an official said.

Concerns are mounting in Sri Lanka over a potential fuel shortage after April, despite government assurances of adequate reserves. Ananda Palitha, Convener of the Samagi Joint Trade Union Alliance, said that recent remarks by Trade Minister Wasantha

Sri Lanka’s economy is resilient enough to withstand potential fallout from the escalating Middle East conflict, a confident President Anura Kumara Dissanayake said this week, outlining contingency plans to safeguard foreign

After a thorough assessment of the situation, Sri Lanka decided yesterday evening to extend humanitarian assistance to the second Iranian ship lingering near its territorial waters.

In the midst of the escalation of the war in the Middle East, over 100 people are missing and dozens others have been wounded after an Iranian warship IRIS Dena- a Moudge-class frigate from the Southern Fleet of the Iranian Navy- sank within the Excl

One-week closure of Middle East airspace will deny Sri Lanka US$ 15 million in tourism revenue, as around 30 percent of arrivals take place through that region, an official said.

The Sri Lanka Police has implemented special security measures to safeguard foreign diplomatic missions in the capital and hotels accommodating tourists in the wake of tensions in the Middle East, the Daily Mirror learns.

Amidst more than 3,000 individuals still being sheltered in safe centres, trade unions including Grama Niladharis, Disaster Relief Service Officers and Technical Officers attached to the Cyclone Ditwah-related relief services

The Government has tabled sweeping changes to Sri Lanka’s tax framework, proposing higher taxes on capital gains, a wider net for withholding tax and a one-off relief window for those with unpaid dues.

The long-running LP gas shortage in Sri Lanka is expected to last for a few more days till the arrival of fresh shipments by the end of this week, an official said.

The government has not taken any decision to stop the construction of the proposed international cricket stadium in Jaffna, and that construction work will go ahead as planned, Cabinet Spokesman Minister Dr Nalinda Jayatissa said

The European Union (EU), which raised concerns about the proposed counter-terrorism bill has requested the government, among others, to narrow down its definition, an official familiar with the process said.

Despite the hype created regarding plans by two rice mill owners turned billionaires to purchase aircraft, none of them have so far approached the Civil Aviation Authority of Sri Lanka (CAA) to secure the Air Operator Certificate (AOC) , an official

The debate in Parliament on the alleged purchase of inferior quality coal yesterday led to the disclosure that the deal has cost the government approximately Rs 7.9 billion.

SriLankan Airlines, the national carrier, is in need of at least seven more aircraft for new routes and rationalisation of existing ones, but the current global shortage has hampered the process of acquiring any, a minister said.

Sri Lanka Air Force is planning a major reinforcement of its fleet at a cost of US $ 18 million (Rs.5.4 billion) by acquiring new aircrafts while overhauling the existing ones as it celebrates its 75th anniversary this year amid persistent challenges