Although the growth in emerging markets and developing economies is expected to stabilise around 5 percent, the International Monetary Fund (IMF) this week warned that the materialising of any of the key global risks could derail the growth of these

In what appears to be a desperate and last-ditch attempt to stimulate a hobbling economy, the lawmakers and Central Bank are coming up with a highly interventionist-styled policy package recommended by a prime minister-appointed working committee to

People’s Bank signed a landmark US $ 200 million, eight-year bilateral funding facility with China Development Bank, one of the largest ever and longest tenure funding facilities secured by any commercial bank in Sri Lanka.

Uber introduces several security measures to ensure the safety of its driver partners in Sri Lanka, amid an increase in reports of attacks on the driver partners of the taxi-hailing apps in the country.

(Colombo) REUTERS: The Sri Lankan rupee ended stronger yesterday as dollar inflows from remittances ahead of the traditional new year provided support, while stocks closed steady in dull trade.

The Cabinet of Ministers on Tuesday approved a proposal presented by Finance Minister Mangala Samaraweera to amend the bill drafted to change the legal status of the Colombo Stock Exchange (CSE).

A year ago, economic activity was accelerating in almost all regions of the world. One year later, much has changed. The escalation of US–China trade tensions, needed credit tightening in China, macroeconomic stress in Argentina and Turkey, disrupt

When I first joined a banking institute, couple of decades ago life was very much less complicated. Despite the load of responsibilities, we enjoyed the freedom as my workplace had a human face with connections at its heart.

Traffic is a much talked of subject in Colombo with inescapable congestion causing slower speeds, longer trip times and increased vehicular queuing.

Sri Lanka’s tourism earnings grew by 5.9 percent Year-on-Year (YoY) to US$ 1.39 billion in the first quarter of the year, according to Central Bank (CB) estimates. The growth in tourist arrivals averaged to 4.6 percent in the first quarter with 740

REUTERS - U.S. President Donald Trump said yesterday the United States would impose tariffs on US$ 11 billion worth of European Union products, heightening tensions over a long-running transatlantic aircraft subsidy dispute that threatens to become a

Sri Lanka’s prominent economic think-tank, the Institute of Policy Studies (IPS), asserted that the island nation should invest much of its focus on the implementing action plans, so that it fulfills the aspired goals and get on par with its fast g

REUTERS: The Sri Lankan rupee ended weaker yesterday due to importer dollar demand, but market sources said remittances ahead of the traditional new year will help boost the currency, while stocks extended losses into a third session. After the mar

Sri Lanka Telecom (SLT) is planning to double its PEO TV subscriber base to one million in two years with the integration of over-the-top (OTT) services and IPTV experiences through the recently launched PEOTV GO application a

PARIS (AFP) - Energy giant Saudi Aramco yesterday raised the size of a bond issue aimed at helping to diversify the Saudi economy to US$12 billion from an initial US $10 billion target following heavy demand, a source close to the operation told AFP.

As Sri Lanka embarks on ambitious tech projects, more companies are likely to be exposed to attacks than the global average, according to Microsoft. Even as businesses capitalize on the latest security intelligence and protections to stay ahead in th

The World Bank (WB) has revised Sri Lanka’s gross domestic product (GDP) growth to 3.5 percent this year, from an earlier forecast of 4 percent, well below the projected growth for South Asia. The WB earlier this year forecasted that Sr

(Colombo) REUTERS: The Sri Lankan rupee ended firmer yesterday due to dollar inflows from foreign remittances ahead of the traditional new year later this week, sources said, while stocks extended losses into a second session. After the markets clos

Introducing another feature for the investments and to enhance the awareness of investors in the government securities, the Central Bank, which operates and maintains the Lanka Secure System, has introduced an SMS/email alert service from March 25, 2

The Central Bank sees Sri Lanka’s current account deficit moving below the projected 2.3 percent of GDP this year, as the trade deficit slashed to US $ 1.06 billion in the first two months of the year, compared to US $ 2.1 billion recorded in the J

Tourist arrivals grew moderately at 4.7 percent Year-on-Year (YoY) in March to 244,328 visitors amidst a notable decline in arrivals from Northern and Western European countries despite the double digit growth in arrivals recorded from the Russian Fe

Sri Lanka plans to formally commence negotiations for a special bilateral preferential trade agreement with United Kingdom (UK) to promote sustainable bilateral trade between the two countries, with a view of preparing itself for

Foreign investors appear to have found the next big thing to upend the direction of the sluggish Sri Lankan stock market, as they pin hopes on the upcoming presidential election to change fortunes of those who have lost wealth and await until they co

SEOUL (Reuters) - South Korean automaker Hyundai Motor Co yesterday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles. Hyundai’s comments come a day afte

Coconut growers charged that unrestricted palm oil imports into the country combined with lack of government support are eroding Sri Lanka’s coconut industry, with already 80 percent of the coconut mills shut down. “The unconstrained import of p

HONG KONG (AFP) - Asian markets mostly rose in holiday-thinned trade yesterday on hopes that China and the United States will hammer out a trade deal after both sides sounded notes of optimism.

NEW YORK (AFP) - A federal judge on Thursday gave Tesla chief executive Elon Musk and US securities regulators two weeks to resolve their differences over Musk’s prolific social media use. The Securities and Exchange Commission had argued Musk shou

WASHINGTON (AFP) - The economy in crisis-hit Venezuela is expected to contract a further 25 percent in 2019, the World Bank said this week. “Real GDP contracted by 17.7 percent in 2018 and is likely to fall by 25.0 percent in 2019, which would imp

TOKYO (AFP) - Former Nissan boss Carlos Ghosn will remain in custody until at least April 14, a Japanese court ruled yesterday, as prosecutors quiz him over fresh allegations of financial misconduct. The Tokyo District Court said in a statement it ha

BUCHAREST (AFP) - France will stick to plans for a tax on digital giants such as Facebook and Apple, Finance Minister Bruno Le Maire said yesterday, despite angry opposition from Washington. Last month, France unveile