• Thursday, January 28, 2021
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Sri Lanka

Govt. calls for joint proposal to share 49% stake in Colombo port’s East Container Terminal

Editor_1 Jan 26, 2021 0
By P. K. Balachandran COLOMBO - The Sri Lankan government has asked stakeholders in Colombo Port’s East Container Terminal (ECT) project to come up with a joint proposal to share a 49% stake in it. The Chairman of the Sri Lanka Ports Authority (SLPA), Maj. Gen. (Rtd) Daya Ratnayake, said the…
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Sri Lanka

Fitch revises ratings of 9 banks, financial institutions after sovereign downgrade

Editor_1 Jan 26, 2021 0
COLOMBO - Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following…
Sri Lanka

Banks ordered to delay dividends, profit repatriation, curb ads, travel

Editor_1 Jan 20, 2021 0
COLOMBO – Banks in Sri Lanka have been ordered to delay dividends and foreign banks’ gains to halt profit…
Business

Most major economies are shrinking, not China’s

Editor_1 Jan 18, 2021 0
By Keith Bradsher SHANGHAI — As most nations around the world struggle with new lockdowns and layoffs in the face…
Sri Lanka

Govt. eyes artificial intelligence for bank regulation

Editor_1 Jan 16, 2021 0
By Mahadiya Hamza COLOMBO– Sri Lanka is looking at artificial intelligence and machine learning to improve…
Sri Lanka

Sri Lanka pleads for debt rollover as economy falters

Editor_1 Jan 12, 2021 0
COLOMBO - Recession-hit Sri Lanka appealed Tuesday (12) for international investors to roll over bonds maturing…
Sri Lanka

India wants to be a FDI partner in Colombo’s ECT

Editor_1 Jan 10, 2021 0
By P. K. Balachandran COLOMBO - Indian Foreign Minister S. Jaishankar has told the Sri Lankans that India wants…
Sri Lanka

AG orders criminal probe over ETI Finance linked Rs13b unauthorized accounts

Editor_1 Jan 6, 2021 0
COLOMBO – The Attorney General has ordered a criminal probe over Rs 13 billion illegal deposits allegedly taken by…
Business

World Bank projects Sri Lanka GDP to grow 3.3% in 2021

Editor_1 Jan 6, 2021 0
COLOMBO – Sri Lanka’s economic growth is expected to recover to 3.3% in 2021, and 2.2% in 2022 after contracting…
Business

Jack Ma’s disappearing act fuels speculation about billionaire’s…

Editor_1 Jan 4, 2021 0
BEIJING - Alibaba founder Jack Ma's absence from public view in the past two months, including missing the final…
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