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Business closure News

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Business Uncertainty Hits Gwadar: Chinese Firm Reverses Factory Closure After Government Intervention.

May 4, 2026 at 6:06 AM

A Chinese firm operating in Pakistan’s Gwadar Free Zone briefly announced a shutdown citing systemic and operational barriers. The decision was reversed following high-level intervention by the Pakistani government regarding export clearances.

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Business Uncertainty Hits Gwadar: Chinese Firm Reverses Factory Closure After Government Intervention
Image Credit : wionews.com
Business
Navigating Exit Strategies: When Business Owners Become Partners in Private Equity Deals
Image Source : dakota.com

Navigating Exit Strategies: When Business Owners Become Partners in Private Equity Deals.

April 28, 2026 at 4:57 AM
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Business
Browns Beach Hotels Bids Farewell to Colombo Stock Exchange
Image Source : stockanalysis.com

Browns Beach Hotels Bids Farewell to Colombo Stock Exchange.

April 27, 2026 at 9:32 AM
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Local News

Registration of Persons Department Halts Services Following System Failure.

The Department for Registration of Persons has suspended all operations, including one-day services, on Friday, April 17, 2026, due to a critical IT system failure.

April 16, 2026 at 10:16 AM
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Sri Lanka Faces Significant SME Contraction: Over 200,000 Businesses Closed Between 2018 and 2022
Image Source : en.wikipedia.org
Local News•
April 9, 2026 at 8:06 AM

Sri Lanka Faces Significant SME Contraction: Over 200,000 Businesses Closed Between 2018 and 2022.

Recent parliamentary disclosures reveal that over 200,000 SMEs in Sri Lanka ceased operations between 2018 and 2022, with economic instability cited as a primary driver.

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Business

US Retail Landscape Faces Major Shakeup: Over 1,500 Store Closures Scheduled for 2026.

April 3, 2026 at 8:37 PM

Major retail chains and restaurant brands across the United States, including Wendy's, Pizza Hut, and Francesca's, have announced plans to shutter over 1,500 locations by the end of 2026, citing operational efficiency and a shift toward digital-first business models.

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US Retail Landscape Faces Major Shakeup: Over 1,500 Store Closures Scheduled for 2026
Image Credit : b17news.com