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Oil tops $120 a barrel

BusinessTags: Print EditionLONDON - Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight…

Tourist arrivals dip 52% in May

BusinessTags: Print EditionThe total number of international tourist arrivals to Sri Lanka during May 2022 was 30,207. Tourist arrivals for the month of May have plunged by almost 52%, in comparison to April and 72% in comparison to…

Colombo bourse dips further

BusinessTags: Print EditionColombo bourse falls to a three weeks low with the lackluster sentiments in the market. Thus, The All-Share Price Index decreased by 172.5points (-2.2%) to close at 7,631.1 whilst S&P SL20 Index also…

Fair general demand for low grown teas

BusinessTags: Print EditionThere was fair general demand for the low grown teas which were on offer at this week auction held on June 7. Best OP1, OP, OPAs were sold at firm to dearer levels, whilst the clean below best sorts were…

Lanka needs USD 5 bn to survive – PM

BusinessTags: Print EditionSri Lanka needs a total of USD 5 billion to survive without collapsing and this may be a difficult task and the public should brace for hard times in the next three weeks Prime Minister Ranil Wickremesinghe…