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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Fitch revises ratings of 9 banks, financial institutions after sovereign downgrade
COLOMBO - Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following…
Banks ordered to delay dividends, profit repatriation, curb ads, travel
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Most major economies are shrinking, not China’s
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SHANGHAI — As most nations around the world struggle with new lockdowns and layoffs in the face…
Govt. eyes artificial intelligence for bank regulation
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COLOMBO– Sri Lanka is looking at artificial intelligence and machine learning to improve…
Sri Lanka pleads for debt rollover as economy falters
COLOMBO - Recession-hit Sri Lanka appealed Tuesday (12) for international investors to roll over bonds maturing…
India wants to be a FDI partner in Colombo’s ECT
By P. K. Balachandran
COLOMBO - Indian Foreign Minister S. Jaishankar has told the Sri Lankans that India wants…
AG orders criminal probe over ETI Finance linked Rs13b unauthorized accounts
COLOMBO – The Attorney General has ordered a criminal probe over Rs 13 billion illegal deposits allegedly taken by…
World Bank projects Sri Lanka GDP to grow 3.3% in 2021
COLOMBO – Sri Lanka’s economic growth is expected to recover to 3.3% in 2021, and 2.2% in 2022 after contracting…
Jack Ma’s disappearing act fuels speculation about billionaire’s…
BEIJING - Alibaba founder Jack Ma's absence from public view in the past two months, including missing the final…