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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)

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)

The Colombo High Court has ordered the temporary lifting of the overseas travel ban imposed on Parliamentarian Chamara Sampath Dassanayake, who is facing corruption-related charges. MORE..

18 May 2026 (4:19 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)

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)

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)