Business & Economics

Cultural Festivals Boost Community Engagement and Tourism Growth

Asian TribuneMarch 30, 2026

Sri Lanka’s cultural calendar is witnessing a vibrant revival as traditional festivals across the island attract large crowds, both local and international. Events featuring traditional dance, music, religious rituals, and regional cuisine are playing a significant role in strengthening community bonds while simultaneously boosting tourism. Major cultural celebrations in cities such as Kandy, Colombo, and...

Iran Conflict Escalates as Regional Tensions Intensify

Asian TribuneMarch 30, 2026

Tensions surrounding Iran have escalated significantly, raising concerns across the Middle East and beyond. Recent developments indicate increased military activity and heightened rhetoric among regional actors, prompting fears of a broader conflict. Diplomatic efforts are ongoing, with global powers urging restraint and dialogue to prevent further escalation. International organizations have called for peaceful resolutions, emphasizing...

Global Oil Prices Fluctuate Amid Middle East Uncertainty

Asian TribuneMarch 30, 2026

Global oil markets are experiencing increased volatility as geopolitical tensions in the Middle East continue to influence investor sentiment. Prices have shown fluctuations in response to uncertainty surrounding supply stability and regional security. Market analysts note that even minor disruptions in key النفط shipping routes can have significant impacts on global supply chains. The Middle...

Youth Entrepreneurship on the Rise Across Sri Lanka

Asian TribuneMarch 30, 2026

Entrepreneurship among Sri Lanka’s youth is on the rise, with young individuals launching innovative ventures across various sectors. From technology startups to creative industries, الشباب are increasingly embracing self-employment and business creation. Support programs from government agencies, private investors, and international organizations are providing funding, mentorship, and training opportunities. These initiatives are helping young entrepreneurs...

Sri Lanka Strengthens Foreign Relations Through Trade Agreements

Asian TribuneMarch 30, 2026

Sri Lanka is actively strengthening its foreign relations through strategic trade agreements and diplomatic engagement. These efforts aim to boost exports, attract foreign investment, and enhance economic cooperation with key global partners. Recent discussions with regional and international stakeholders have focused on expanding market access and improving trade facilitation. Sectors such as apparel, agriculture, and...

World Economic Forum Boss Quits After Epstein Links

Asian TribuneFebruary 28, 2026

Geneva — The World Economic Forum president and chief executive Børge Brende has resigned following scrutiny over his connections with the late convicted sex offender Jeffrey Epstein. Brende, a former Norwegian foreign minister who had led the WEF since 2017, stepped down on Thursday after an independent review was launched into his past interactions with...

Ravi K. Urges Govt. to Resolve CEB Crisis Without Delay

Asian TribuneFebruary 28, 2026

Colombo – Former Finance Minister Ravi Karunanayake has called on the government to take immediate and decisive action to resolve the ongoing crisis at the Ceylon Electricity Board (CEB), warning that continued instability could severely impact the country’s economy and public confidence. Addressing the media, Ravi Karunanayake stressed that prolonged financial and operational difficulties within...

Ownership Options Remain Open as Mattala Airport Awaits Revival

Asian TribuneFebruary 22, 2026

Sri Lanka’s Government says all ownership and management options remain open for the underutilized Mattala Rajapaksa International Airport (MRIA) as efforts continue to revive operations at the country’s second international airport. Deputy Minister of Transport Ruwan Ranasinghe stated that the immediate priority is to make the airport fully operational before deciding on a long-term ownership...

Donald Trump Proposes Raising Global Tariff from 10% to 15%

Asian TribuneFebruary 22, 2026

Washington, D.C. – Former U.S. President Donald Trump has announced a new proposal to increase the existing global baseline tariff from 10% to 15%, signaling a significant shift in his trade policy agenda ahead of the upcoming election cycle. The proposal, which is expected to become a central pillar of his economic platform, aims to...

No National Gas Shortage, Government and Supplier Say; Distribution Issues Identified

Asian TribuneFebruary 21, 2026

Amid growing public concern over empty gas cylinders and long queues at retail outlets, the Sri Lankan government and state‑owned supplier Litro Gas Lanka Ltd. have disputed claims of a nationwide gas shortage, saying that current challenges are due to temporary supply and distribution issues rather than an actual shortfall. Government Statement: ‘No National Gas...