Business

The price of a cup of milk tea has been increase by Rs. 10, the All-Island Restaurant Owners’ Association announced.

The Ceylon Petroleum Corporation (CPC) has announced a reduction in the prices of petrol, with effect from midnight tonight (31).

The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to -2.6% in March 2025, compared to -4.2% in February 2025, according to the latest data released by the Department of Census and Statistics.

The International Monetary Fund (IMF) says that the economic recovery is gaining momentum in Sri Lanka and that yet, the economy still remains vulnerable, making it critical that the reform momentum be sustained to ensure that macroeconomic stability and debt sustainability are durably achieved

John Keells CG Auto (JKCG Auto) yesterday began the BYD revolution by handing over New Energy Vehicles (NEVs) to the first two customers.

The government is currently exploring all potential avenues to determine the most effective strategy for restructuring the debt-laden national carrier, SriLankan Airlines, suggesting that options like privatisation or Public-Private Partnerships (PPPs) remain under consideration.

The Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe says it will take at least two years for Sri Lanka to reach a real GDP value similar to that of 2018.

According to data released by the Tea Board of India, India has exported 254 million kg of tea in 2024, thus becoming the second-highest exporter in the world.

US President Donald Trump has announced new import taxes of 25% on cars and car parts coming into the US in a move that threatens to widen the global trade war.

The government plans to develop the Nuwara Eliya Post Office as a tourist attraction while continuing to offer postal services, Cabinet Spokesman Minister Nalinda Jayatissa said.