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UN concerned closure of Strait of Hormuz could increase food costs

Sri Lanka, March 11 -- The United Nation's Trade and Development body, UNCTAD, has released analysis expressing concerns the closure of the Strait of Hormuz may increase food costs and "intensify cost... Read More


LAUGFS Gas increases domestic LPG refill prices

Sri Lanka, March 11 -- LAUGFS Gas PLC has announced an increase of domestic LPG cylinder refill prices with effect from midnight today (11). Accordingly, the price of a 12.5 kg domestic LPG cylinder ... Read More


Power sector workers ordered to report to duty

Sri Lanka, March 11 -- Two newly established power sector companies have instructed electricity workers to report to work and continue performing their duties as usual in order to ensure the uninterru... Read More


Power sector workers ordered to report to duty as electricity services declared essential

Sri Lanka, March 11 -- Two newly established power sector companies have instructed electricity workers to report to work and continue performing their duties as usual in order to ensure the uninterru... Read More


Oil prices fall after IEA proposes biggest oil stock release in history

Sri Lanka, March 11 -- Oil prices dropped this morning after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to bring d... Read More


Iran's revolutionary guards says it launched "most intense" operation

Sri Lanka, March 11 -- Iran's Islamic Revolutionary Guard Corps (IRGC) said it launched its "most intense and heaviest operation" since the start of the war, according to state media. Iran claimed it... Read More


Widespread power outages reported across Sri Lanka amid CEB TU action

Sri Lanka, March 11 -- Power outages have been reported in several parts of the country yesterday (11). Accordingly, breakdowns have been reported in Gampaha, Kalutara, Ratnapura, Beruwala, Puttalam,... Read More


Gulf states face fresh waves of Iranian missile and drone attacks

Sri Lanka, March 11 -- Gulf states have been intercepting new waves of Iranian drones and missiles early Wednesday local time. United Arab Emirates warned residents to stay in a safe location, with i... Read More


Around 140 US service members injured thus far in Iran war, Pentagon says

Sri Lanka, March 11 -- Approximately 140 US troops have sustained injuries since the beginning of the US military's operations against Iran, Pentagon spokesman Sean Parnell said Tuesday, including eig... Read More


ADB Chief commends Sri Lanka's efforts to stabilise the economy during meeting with PM Harini

Sri Lanka, March 11 -- Prime Minister Dr. Harini Amarasuriya has held discussions with the President of the Asian Development Bank (ADB), Masato Kanda during her official visit to Manila. During the ... Read More