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The Supreme Court has ordered that a fundamental rights petition seeking the recovery of Rs. 15.9 billion in losses allegedly incurred by the government due to the reduction of taxes on imported sugar during the administration of former President Gotabaya Rajapaksa be taken up on June 27. MORE..

18 May 2026 (3:47 PM)

Commercial oil stocks are falling �very fast� as Gulf supplies remain disrupted by the Middle East war, even with the release of strategic reserves by governments worldwide, the head of the International Energy Agency (IAE) said on Monday (May 18). MORE..

18 May 2026 (6:41 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)

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)

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)

Legal action will be taken against a group, including former Member of Parliament Wimal Weerawansa, over allegations of obstructing activities during a rehearsal held today (18) for the National War Heroes Day Commemoration event. MORE..

18 May 2026 (7:21 PM)