(Colombo) AFP: Former Maldives president Abdulla Yameen is under investigation for corruption, police said yesterday, after a court ordered accounts holding US$ 6.5 million to be frozen.

(Colombo) REUTERS: Ranil Wickremesinghe was sworn in as Sri Lanka’s Prime Minister yesterday, making remarkable comeback weeks after being ousted by President Maithripala Sirisena under controversial circumstances. Wickremesinghe’s reinst

The Sri Lankan rupee ended weaker yesterday amid pressure on the currency due to foreign outflows from bonds and stocks as uncertainty from a lingering political crisis weighed on sentiment.  

FRANKFURT AM MAIN (AFP) - Many among the more than one million people who arrived in Germany as migrants or refugees since 2015 are integrating speedily through work, the head of a key business group said yesterday.  

HONG KONG (AFP) - Asian markets fell yesterday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table.  

NEW DELHI (AFP) - India’s Supreme Court dismissed yesterday calls for an investigation into a controversial French fighter jet deal, in a move seen as a boost for Prime Minister Narendra Modi.  

British Prime Minister Theresa May arriving in Brussels yesterday during the second day of a European Summit aimed at discussing the Brexit deal, the long-term budget and the single market. EU leaders were to approve a modest list of euro single curr

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 biggest challenge the power sector is facing today is that there hasn’t been a single new power plant commissioned since 2014. Meanwhile, there have been issues in the form of delays in the generation plan approval, the Kerawalapitiya lique

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

Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention and productivity of workers, especially women, according to a new report released by the International Finance Co

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.

Hutch Telecommunications Lanka (Pvt.) Ltd plans to invest in excess of US $ 200 million over the next five years following its recent merger with Etisalat Lanka (Pvt.) Ltd to roll out a nationwide 4G net

(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.  

The umbrella organisation of the regional plantation companies (RPCs), the Planters’ Association of Ceylon (PA), yesterday cautioned that this year’s tea output would fall below 300 million kilos while the tea export income would fall bel

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 today’s interconnected financial system, it is impossible to remain isolated from online communications and commerce or immune from network outages and data breaches. Cyber risks exist everywhere.  

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.