WASHINGTON (AFP) - Argentina’s economic programme, including tough budget cuts, is yielding results and stabilizing financial markets, an International Monetary Fund spokesman said this week.  

BEIJING (Reuters) - China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019, the country’s finance ministry said yesterday, following a truce in a trade war between the world’s two

FRANKFURT AM MAIN (AFP) -  Chinese telecoms giant ZTE lost its biggest contract in Germany, network provider Telefonica yesterday told AFP, as resistance mounts across the West to Beijing’s infrastructure manufacturers.  

The Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of handling vessels of 22,000 plus

Hutch Sri Lanka, Sri Lanka’s third largest mobile operator following its merger with Etisalat Sri Lanka, on Wednesday said they welcome the recent move by the government and the telecom industry regulator to remove the floor rates on voice call

(New Delhi) PTI: Hospitality firm OYO has entered Sri Lanka as part of its expansion plan in South Asian market, sources said yesterday. Currently, the company has presence in seven countries including India, China, Indonesia, Malaysia, Nepal, the UK

(Colombo) AFP: Sri Lanka’s Supreme Court opened the way for potential impeachment proceedings against the President yesterday, ruling that he broke the law by dissolving parliament last month.  

(Colombo) REUTERS: The Sri Lankan rupee ended a tad weaker yesterday in dull trade amid pressure on the currency due to foreign outflows from bonds and stocks as a lingering political crisis weighed on sentiment ahead of a key ruling by the island na

The International Trade and Investment Promotion Ministry yesterday stressed that no decision has been reached to temporarily suspend the Sri Lanka-Singapore Free Trade Agreement.

(San Francisco) AFP: The World Cup topped a list of this year’s hottest Google search topics that turned quickly to lost stars such as Avicii, Mac Miller and Stan Lee. An annual summary of “top trending searches” released Tuesday by

In an attempt to diversify investment options for foreign investors, the Colombo Stock Exchange (CSE) is set to launch a dollar-denominated secondary board for foreign firms to trade their s

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday, as foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on sentiment ahead of a key ruling by the island nation’s Supreme Court.

(Colombo) AFP: Sri Lanka’s legislature voted overwhelmingly yesterday to demand the reinstatement of prime minister Ranil Wickremesinghe, as a bitter power struggle headed for a government shut down within weeks.

(New Delhi) AFP: The Indian government yesterday named an ally of Prime Minister Narendra Modi as new central bank head after his predecessor quit following a row about alleged government interference.  

In the local and global labour market, those involved in mass production in particular, the trend is towards creating a large number of low skill employment. Low skill jobs have a very narrow range of skills that need no training or training of few d

ECONOMYNEXT: Sri Lanka’s 12-month treasury bill yield edged up four basis points to 11.24 percent at an auction yesterday compared with the week before, data from the state debt office showed.  

In an attempt to diversify investment options for foreign investors, the Colombo Stock Exchange (CSE) is set to launch a dollar-denominated secondary board for foreign firms to trade their securities on the CSE shortly.  

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday, as foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on sentiment ahead of a key ruling by the island nation’s Supreme Court.  

(Colombo) AFP: Sri Lanka’s legislature voted overwhelmingly yesterday to demand the reinstatement of prime minister Ranil Wickremesinghe, as a bitter power struggle headed for a government shut down within weeks.  

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday, as foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on market sentiment ahead of a key ruling by the island nation’s 

(New Delhi) AFP: The Indian government yesterday named an ally of Prime Minister Narendra Modi as new central bank head after his predecessor quit following a row about alleged government interference.

‘Harvest 2018’, organised by the Agriculture Ministry with the intention of building a modern culture in agriculture, was opened by President Maithripala Sirisena, at the Bandaranaike Memorial International Conference Hall, yesterday.&nbs

Sri Lanka’s foreign reserves fell by a whopping US $ 884.92 million during the month of November to little over US $ 7.01 billion, partly due to a US $ 500 million payment under the Asian Clearing Unit, the latest data released by the Central B

The Norwegian government has entered into a partnership agreement with the United Nations Development Programme (UNDP) in Sri Lanka to promote peace, justice and strong institutions under Sustainable Development Goal 16 for the period of December 201

(New Delhi) AFP: The head of India’s central bank announced his resignation yesterday following a public spat with Prime Minister Narendra Modi’s administration about alleged government interference.

Sri Lanka’s Sanken group plans to build a 185-room luxury hotel with an investment of Rs.6 billion in Galle next year, which will be managed by a top Sri Lankan hotel chain. 

The Information and Communication Technology Agency (ICTA) is set to launch the National Spatial Data Infrastructure (NSDI) system shortly as part of a national initiative for effective decision-making. 

The United National Party (UNP) yesterday charged that the attempts to raise up to US $ 750 million by the state-run National Savings Bank (NSB) through a term financing facility (TFF), were illegal. 

The Sweden-based global asset management company, Tundra Fonder’s Tundra Sustainable Frontier Fund in its latest update has said that an early election would be clearly positive for Sri Lanka’s stock market. The fund’s November u

The earnings sent back home by Sri Lankans working abroad, mainly in the Middle East, fell in September, weighing on the cumulative earnings for the first nine months of this year, the data released by the Central Bank showed. Sri Lanka depends on re