MITSUI O.S.K. Lines Ltd. (MOL), recognizing the Philippines as a crucial component of its "Blue Action 2035" management plan, is strengthening its presence in the country. MOL held its first overseas ...

Sri Lanka extended power cuts for a third day on Thursday as it scrambled to restore its national grid to full capacity after a monkey triggered a widespread blackout over the weekend that disrupt ...

COLOMBO, Feb 14 (Reuters) - Sri Lanka's new President Anura Kumara Dissanayake will outline the government's revenue and policy goals in his first full-year budget on Monday, seeking to extend the ...

The recent reports that Sri Lanka has decided to revoke a 20-year power purchase agreement with India’s Adani Group has prompted considerable debate, highlighting the challenges that the nation ...

Sri Lanka’s new National Peoples Power (NPP) government, led by the charismatic President, Anura Kumara Dissanayake, entered office in late 2024 at a turning point in the country’s economic ...

In February 2024, MOL became the first shipping company in the Asia-Pacific region to issue the environmental attributes certificates (EACs) of low-emission voyages using alternative fuels tradable on ...

Sri Lanka is attempting to sustain economic growth while maintaining macroeconomic stability under the IMF program it began in 2016. The government's high debt payments and bloated civil service ...

A monkey has been blamed for causing a nationwide blackout in Sri Lanka. The island nation's 22 million residents were mostly left without power during the outage, which began around 11am local ...

Sri Lanka declared bankruptcy in 2022 and halted repayments on some repayments on some US$83 billion in domestic and foreign loans. In November 2023, Sri Lanka reached an agreement with China ...

Sri Lanka: Dhananjaya de Silva (c), Dimuth Karunaratne, Pathum Nissanka, Oshada Fernando, Lahiru Udara, Dinesh Chandimal, Angelo Mathews, Kamindu Mendis, Kusal Mendis ...