Business & Economics

Global Markets Rally: Trump Brokers Crucial Israel-Lebanon Peace Deal.

Asian TribuneApril 17, 2026

Middle East Peace Prospects Brighten as Israel and Lebanon Agree to 10-Day Ceasefire In a major diplomatic breakthrough, Israel and Lebanon have agreed to a 10-day temporary ceasefire, offering a rare window of hope for stability in the volatile Middle East. The deal, brokered through intensive U.S. diplomacy, is viewed as a critical step toward...

CPC Chairman Denies Reports of Paying $286 Per Barrel of Crude Oil

Asian TribuneApril 17, 2026

The Chairman of the Ceylon Petroleum Corporation (CPC) has categorically denied reports claiming that the corporation paid USD 286 per barrel for imported crude oil. Addressing the allegations circulating in social media and certain news outlets, the Chairman stated that the CPC has at no point purchased crude oil at such an inflated price. He...

Government Pushes Forward With Economic Reforms

Asian TribuneApril 3, 2026

The Sri Lankan government has intensified efforts to implement reforms under its agreement with the International Monetary Fund. Authorities are focusing on strengthening revenue collection, restructuring state-owned enterprises, and improving fiscal discipline. Officials emphasize that these reforms are essential to stabilizing the economy after the crisis experienced in recent years. However, the impact on the...

Fuel Price Pressure and Inflation Concerns

Asian TribuneApril 3, 2026

Sri Lanka is likely to face another fuel price revision in response to global oil market fluctuations. The Ceylon Petroleum Corporation has indicated that pricing adjustments will depend on international crude oil prices and exchange rate movements. Transport operators have warned that any increase in fuel prices could lead to higher bus fares and logistics...

Tourism Sector Shows Positive Momentum

Asian TribuneApril 3, 2026

Sri Lanka’s tourism industry is showing encouraging signs of recovery, with a steady increase in international arrivals. The Sri Lanka Tourism Development Authority reports growing interest from European, Indian, and East Asian markets. Hotels and travel operators have observed higher occupancy rates, especially in coastal and cultural destinations. Industry stakeholders remain optimistic but stress the...

Strait of Hormuz Crisis Threatens Global Economy

Asian TribuneApril 3, 2026

The Strait of Hormuz—a narrow but vital maritime corridor—has once again become the focal point of global economic anxiety. Nearly one-fifth of the world’s oil supply passes through this chokepoint, making it one of the most strategically important shipping routes on the planet. Recent military tensions in the surrounding region have led to a sharp...

Hollywood Faces Industry Uncertainty

Asian TribuneApril 3, 2026

The global film industry continues to face uncertainty due to shifting audience habits and streaming dominance. Studios are increasingly focusing on franchise films and digital-first releases, while box office revenues remain volatile. Industry experts say 2026 could redefine how movies are produced and distributed worldwide.

Sri Lanka Strengthens Economic Recovery Path Amid IMF Benchmarks

Asian TribuneMarch 30, 2026

Sri Lanka continues to demonstrate cautious yet steady progress in its economic recovery, with authorities reaffirming their commitment to reforms under the International Monetary Fund (IMF) program. Fiscal discipline remains a central focus, with improved tax collection and tighter expenditure controls helping stabilize public finances. The Central Bank reports a gradual increase in foreign reserves...

Inflation Trends Show Gradual Decline in Sri Lanka

Asian TribuneMarch 30, 2026

Sri Lanka is witnessing a gradual decline in inflation, offering some relief to consumers and businesses. Recent data indicates that food prices are stabilizing due to improved agricultural output and better supply chain management. The Central Bank attributes this trend to tight monetary policies and reduced currency volatility. Lower global fuel prices and controlled import...

Tourism Sector Sees Strong Revival in Early 2026

Asian TribuneMarch 30, 2026

Sri Lanka’s tourism sector is experiencing a strong rebound in early 2026, with a significant increase in international arrivals. Visitors from India, China, and Europe are leading the recovery, boosting hotel occupancy and travel-related businesses. The government has introduced promotional campaigns and simplified visa procedures to attract more tourists. Coastal destinations, wildlife parks, and cultural...