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By Shabiya Ali Ahlam - The move by Sri Lanka’s electricity regulator to approve another tariff hike sent shockwaves across the island nation yesterday, not sparing even the country’s largest gross export earner, the apparel sector.

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Visiting Principal Deputy Assistant Secretary of the US Department of Defence Jedidiah P. Royal who called on State Minister of Defence Pramitha Bandara Tennakoon ruled out speculation that he was here to discuss a US military base in Trincomalee.

Tourist arrivals to destination Sri Lanka have crossed the 50,000 mark for the first two weeks of February, reigniting hopes for a faster recovery in the tourism sector, which is a key source of foreign exchange to the dollar-starved economy.

Friday, 17 February 2023 08:25

Man shot dead in Minuwangoda

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A 30-year-old man died when he was shot at in Boragodawatta, Minuwangoda last night while riding on a motorcycle.

Friday, 17 February 2023 08:22

Don't underestimate the American shopper

It's never wise to underestimate the power of the American consumer, which has kept America's economy humming through a year and a half of inflation chaos.

Thursday, 16 February 2023 15:52

The job market is making traders' heads explode

The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street's expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon.

Mark Zuckerberg and Priscilla Chan have sold one of their San Francisco homes for $31 million in an off-market deal, a spokesperson for the family confirmed.

Thursday, 16 February 2023 11:33

No more power cuts from today- Kanchana

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An uninterrupted power supply will be provided for the entire country with effect from today, Minister of Power and Energy Kanchana Wijesekera announced today.

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President Ranil Wickremesinghe has directed Power and Energy Minister and relevant officials to ensure uninterrupted power supply for electricity customers, the President's Media Division said.

Thursday, 16 February 2023 11:29

No immediate plans to sell ECT: Ports Minister

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Contradicting with the earlier plans to handover the East Container Terminal (ECT) to Japan, Ports, Shipping and Aviation Minister Nimal Siripala de Silva hinted that the government plans to retain the control of the ECT of the Port of Colombo while inviting the private sector to invest in the proposed Colombo North Port development project.

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