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Iran s top security body announced on Monday (May 18) the formation of a new body to manage the Strait of Hormuz, which Tehran has effectively closed and wants to charge ships to traverse. MORE..

18 May 2026 (5:19 PM)

The depreciation of the Sri Lankan Rupee during this year has been primarily driven by the ongoing crisis in the Middle East and the resulting increase in global oil prices, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has stated. MORE..

18 May 2026 (7:05 PM)

India may be the world s most populous country, with 1.42 billion people and challenges like high youth unemployment, but powerful allies of Prime Minister Narendra Modi are championing larger families to counter a declining fertility rate. MORE..

18 May 2026 (4:29 PM)

Although Sri Lanka had initially expected an economic growth rate of around 5% for 2026, recent changes in global economic conditions after March have made it difficult to provide an accurate forecast, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has said. MORE..

18 May 2026 (5:50 PM)

Future policies on vehicle imports should be formulated in a way that allows imports only based on necessity, according to Professor in Economics at the Department of Economics, Priyanga Dunusinghe of the University of Colombo. MORE..

18 May 2026 (5:32 PM)

A writ petition has been filed before the Court of Appeal seeking an order directing the Commissioner General of Excise and others not to grant approval for the use of rice and sugar as primary raw materials in beer production. MORE..

18 May 2026 (7:15 PM)