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Economy

Defense Sector Faces Mixed Results Amidst Global Conflict and Supply Constraints.

April 23, 2026 at 9:19 PM

Major US defense contractors are experiencing surging demand due to geopolitical tensions, though production delays and supply chain issues are curbing short-term profitability for giants like Lockheed Martin.

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Local News
Procurement Failures Exposed: Lanka Coal Company Under Scrutiny for Unverified Coal Imports
Image Source : island.lk

Procurement Failures Exposed: Lanka Coal Company Under Scrutiny for Unverified Coal Imports.

April 10, 2026 at 5:10 PM
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Local News
President Dissanayake Outlines Strategy to Bolster Domestic Industry and Curb Illicit Imports
Image Source : whitehouse.gov

President Dissanayake Outlines Strategy to Bolster Domestic Industry and Curb Illicit Imports.

April 8, 2026 at 2:03 PM
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Local News
Government Sets Sights on Expanding Domestic Procurement for Local Industries
Image Source : squaredcompass.com

Government Sets Sights on Expanding Domestic Procurement for Local Industries.

April 8, 2026 at 12:10 PM
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New Audit Report Scrutinizes Coal Procurement Processes for Norochcholai Power Plant
Image Source : lankanewsweb.net
Local News•
April 7, 2026 at 5:47 PM

New Audit Report Scrutinizes Coal Procurement Processes for Norochcholai Power Plant.

A recently published audit report examines the procurement practices of the Lanka Coal Company for the Lakvijaya Power Plant, highlighting ongoing concerns over quality standards and supply chain management for the 2025/2026 period.

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Technology

NATO Urged to Adopt 'Fast-Track' Procurement Model Inspired by Ukraine's Battlefield Innovation.

April 7, 2026 at 9:20 AM

A top NATO commander highlights the urgent need for the alliance to replicate Ukraine's rapid technology deployment cycles to stay relevant in modern, fast-moving combat environments.

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NATO Urged to Adopt 'Fast-Track' Procurement Model Inspired by Ukraine's Battlefield Innovation
Image Credit : csis.org