• Tuesday, March 2, 2021
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Publisher Publisher - Sri Lanka's international newspaper website.

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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 repatriation until the 2020 accounts have been audited, and cut some spending in a bid to conserve capital and liquidity. Banks have also been asked as far as possible to cut spending on…
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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…
Sri Lanka

Government tightens foreign exchange after worst GDP decline

Editor_1 Jan 4, 2021 0
COLOMBO - Sri Lanka on Monday (4) ordered tight foreign exchange controls after announcing a 3.9% contraction in…
Sri Lanka

Government bank overdraft tops half a trillion rupees

Editor_1 Jan 3, 2021 0
COLOMBO – A Sri Lanka government overdraft mostly at State-run banks had topped half a trillion rupees by August…
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