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McLarens Lubricants join forces to power the revival of Fox Hill SuperCross 2024

McLarens Lubricants, in collaboration with Mobil as the Official Lubricant Partner, is set to reignite the tracks at Fox Hill Supercross 2024. The event is scheduled to be held on…

Debt-for-nature swaps could give $100 billion boost to climate fight, says report

(Reuters) – Debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, could provide $100 billion for the fight against…

Sri Lanka fulfilled nearly $2bn foreign debt servicing commitments after declaring foreign debt default

The government has settled over $ 1.9 billion in foreign debt and interest payments between President Ranil Wickremesinghe’s assumption of office and February 2024, according to Rajith Keerthi Tennakoon, President’s…

Nissan launches The Arc business plan to drive value and enhance competitiveness and profitability

Nissan to strengthen product portfolio, advance electrification, introduce new ways of developing and manufacturing, and harness partnerships to achieve Ambition 2030 vision YOKOHAMA, Japan: Nissan Motor Co., Ltd, today launched The…

Regulations on the Colombo Port City’s duty-free shopping complex submitted for cabinet approval amid legal concerns

The Committee on Public Finance (COPF) informed the Secretary to the Ministry of the Investment Promotion to intervene with immediate effect to arrive at a decision regarding a duty-free shopping…

Workers’ Remittances Inflows Off to a steady start in January

Workers’ remittances inflows jumped  11.4 percent Year-on-Year (Yoy) to $487.6 million in January this year, slightly below US$ 570 million recorded in festive December last year and failing to cross…

Geopolitical Storm in Red Sea, Sri Lanka joins the US-led campaign to fight Houthis

By Asanga Abeyagoonasekera A perfect geopolitical storm is churning the waters in three geographies: the Black Sea due to the Ukraine war, the Red Sea due to the Houthis and…

Electoral uncertainty casts a shadow over Sri Lanka’s progress

By Prof.Neil DeVotta The Sri Lankan economy stabilised in 2023, with assisted recovery measures including an Extended Fund Facility Program with the International Monetary Fund and loans from the Asian…

CSE declining streak extended to 10 session

Once again, the Colombo Bourse closed in the red zone, with the blue-chip and banking counters dragging the index down for its 10th consecutive fall. The All Share Price Index…

Sri Lanka inflation quickens for third month as economy rebounds

Sri Lanka’s inflation climbed in December for a third straight month as a rebound in economic activity boosted consumption. The consumer price index in Colombo rose 4 percent from a…