Greece gets $14.5 billion to pay debts, part of new bailout
Greece is receiving the first 13 billion-euro ($14.5 billion) payment of its new bailout, with 12 billion euros earmarked…
Category: BUSINESS
Sri Lanka to Be the Next Singapore As War Legacy Fades: Bloomberg Reports
Sri Lanka is moving past its history of ethnic strife and seeking to emulate Singapore, Hong Kong and Dubai…
Greek parliament approves bailout after all-night debate
Greece’s parliament on Friday approved the country’s third international bailout after an all-night debate, hours ahead of a critical…
VOLKSWAGEN ASSEMBLY PLANT AGREEMENT SIGNED – Kuliyapitiya factory to have US $ 26.5 m investmen
Sri Lanka entered the era of modern automobile industry yesterday with the ground breaking agreement signed by the Board…
SLSBC concludes Trade & Investment Promotion
The Sri Lanka-Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore…
Packer steps down as Crown chairman
Australian billionaire James Packer has stepped down as chairman of Crown Resorts with the gambling tycoon taking on a…
Indian court overturns Nestle noodle ban, orders new tests
An Indian court on Thursday overturned a government ban on Nestle’s hugely popular Maggi noodles brand, but ordered further…
Court issues notice to CB Governor’s son-in-law
The Colombo Magistrate’s Court yesterday issued notice on the Governor of the Central Bank Arjuna Mahendran and his son-in-law…
China devalues Yuan: Global stocks, yields tumble after China pushes yuan lower again
China’s central bank allowed the Yuan to drop sharply against the U.S. dollar again on Wednesday, setting the currency…
Economy to grow at 7% this year: Ravi Karunanayake
Finance Minister Ravi Karunanayake pointed out yesterday that Sri Lanka’s economy should grow by 7 % this year, up…
Brazil inflation rate hits 12-year high
Inflation in Brazil has hit a 12-year high of 9.56%. The rising cost of electricity, in particular, has pushed…
No more ‘Google’: Google is to change its name to Alphabet
Google is to change its name to Alphabet, alongside a major restructuring. The company will continue to operate as…
Minister Rishad Bathiudeen Introduces another Public-Centric Project to Weli-oya
Minister Rishard Bathiudeen toured the Weli-oya region in the Wanni District as part of his election campaign yesterday (6).…
Toshiba relegated from JPX-Nikkei Index 400
Good news is in extremely short supply at Toshiba, the scandal-hit Japanese conglomerate. Fresh from a $1.2bn accounting scandal,…
Operations in search of vendors who packet food items and sells at higher prices
The Consumer Affairs Authority says that a special operation has been launched in search of businessmen who packet food…