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Economy

Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure.

May 19, 2026 at 4:22 AM

Central Bank Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka's vehicle import costs could hit $2.4 billion by the end of 2026, driven by a $600 million expenditure in the first quarter alone.

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Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure
Image Credit : newswire.lk
Local News
Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays
Image Source : magzter.com

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.

May 18, 2026 at 4:07 AM
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Business
Shipping Giant Maersk Warns of Rising Costs Amid Geopolitical Instability
Image Source : m.economictimes.com

Shipping Giant Maersk Warns of Rising Costs Amid Geopolitical Instability.

May 13, 2026 at 11:06 AM
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Business
Rising Manufacturing Costs in China Signal Potential Holiday Price Hikes for US Consumers
Image Source : cnbc.com

Rising Manufacturing Costs in China Signal Potential Holiday Price Hikes for US Consumers.

May 13, 2026 at 3:25 AM
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Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices
Image Source : businessinsider.com
Business•
May 12, 2026 at 9:34 PM

Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices.

As global oil prices remain above $100 per barrel due to the conflict in Iran and the closure of the Strait of Hormuz, airlines are facing a severe crisis. With fuel costs nearly doubling, carriers are passing these expenses to travelers, leading to significant increases in airfares.

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Business

How Soaring Fuel Costs Are Boosting Costco’s Retail Dominance.

May 10, 2026 at 9:40 AM

As gasoline prices exceed $4.50 per gallon, US consumers are increasingly turning to Costco for fuel, driving a significant uptick in both fuel revenue and overall warehouse foot traffic.

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Middle East
Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households
Image Source : aljazeera.com

Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households.

May 8, 2026 at 9:15 AM
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Local News
Hidden Costs in Fuel Pricing Cast Doubt on Electricity Tariff Logic
Image Source : energy.ec.europa.eu

Hidden Costs in Fuel Pricing Cast Doubt on Electricity Tariff Logic.

May 8, 2026 at 12:06 AM
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Technology
Elon Musk’s Terafab Semiconductor Project Expected to Cost $119 Billion
Image Source : techpowerup.com

Elon Musk’s Terafab Semiconductor Project Expected to Cost $119 Billion.

May 6, 2026 at 12:54 PM
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Amazon Challenges Logistics Giants with New Global Supply Chain Service
Technology•
May 4, 2026 at 2:26 PM

Amazon Challenges Logistics Giants with New Global Supply Chain Service.

Amazon has officially launched 'Amazon Supply Chain Services,' offering its massive internal logistics, freight, and fulfillment infrastructure to businesses across all industries, directly challenging major logistics carriers like UPS and FedEx.

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Economy

Pakistan’s Economy Faces Severe Strain Amid Escalating Fuel Import Costs.

April 30, 2026 at 12:46 PM

Pakistan is grappling with an unprecedented surge in fuel import costs, rising from $300 million to $800 million, triggering fears of a cascading economic and political crisis.

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Pakistan’s Economy Faces Severe Strain Amid Escalating Fuel Import Costs
Image Credit : aljazeera.com
Technology
UNCTAD and Singapore Forge Strategic Alliance to Revolutionize Maritime Sustainability
Image Source : contentmediasolution.com

UNCTAD and Singapore Forge Strategic Alliance to Revolutionize Maritime Sustainability.

April 27, 2026 at 1:17 AM
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Economy
Global Pharmaceutical and Essential Goods Costs Surge Amid Iran Conflict
Image Source : dailyvoice.com

Global Pharmaceutical and Essential Goods Costs Surge Amid Iran Conflict.

April 23, 2026 at 2:27 PM
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Local News
Sri Lanka Customs Exceeds Revenue Targets Amid Regional Logistics Shift
Image Source : vajiramandravi.com

Sri Lanka Customs Exceeds Revenue Targets Amid Regional Logistics Shift.

April 19, 2026 at 7:56 AM
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Economy•
April 17, 2026 at 9:45 AM

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

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Economy

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs.

April 16, 2026 at 4:54 AM

HSBC CEO Georges Elhedery reveals that global energy market disruptions have forced nations like Sri Lanka to pay as much as $286 per barrel for oil, far exceeding international benchmark prices.

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Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs
Image Credit : sudanindependent.net
Local News
Colombo Port Eases Congestion with Major Reforms to Container Inspections
Image Source : joc.com

Colombo Port Eases Congestion with Major Reforms to Container Inspections.

April 10, 2026 at 11:56 PM
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Economy
The Lasting Economic Legacy of U.S. Wine Tariffs on European Producers
Image Source : readon.substack.com

The Lasting Economic Legacy of U.S. Wine Tariffs on European Producers.

April 8, 2026 at 11:14 AM
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Local News
Catering and Banquet Service Fees Surge Amid Economic Pressures
Image Source : businessnews.lk

Catering and Banquet Service Fees Surge Amid Economic Pressures.

April 8, 2026 at 8:03 AM
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Airlines Hike Baggage Fees as Fuel Costs Skyrocket Amid Global Conflict
Image Source : newsweek.com
Travel•
April 7, 2026 at 12:53 PM

Airlines Hike Baggage Fees as Fuel Costs Skyrocket Amid Global Conflict.

Major U.S. airlines, including Delta, United, and JetBlue, are increasing checked baggage fees by $10 or more. The move follows a dramatic surge in jet fuel prices linked to the ongoing conflict in the Middle East and the closure of the Strait of Hormuz.

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