CSE trading halted for 30 minutes
(FASTNEWS | BUZZ REPORT) – Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from…
Category: BUSINESS
Alibaba founder Jack Ma unseats Indian tycoon Mukesh Ambani as Asia’s richest man after US$5.8 billion rout
(FASTNEWS | BUZZ REPORT) – As oil prices collapsed alongside global stocks amid mounting coronavirus fears, billions of dollars were…
COVID-19 Outbreak to Have Significant Economic Impact on Developing Asia
(FASTNEWS | BUZZ REPORT) – The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies…
Oil Shock Compounds Sovereign Credit Risks from Coronavirus – Fitch Ratings
(FASTNEWS | COLOMBO) – The dual impact of COVID-19 and the significant oil price shock will put pressure on some…
Japanese vehicle prices may go up by 10% due to strong Yen: VIASL
(FASTNEWS | Japan) – The price of the vehicles imported from Japan would be increased due to increase of the…
Cabinet to discuss reducing fuel prices
(FASTNEWS | COLOMBO) – Minister of Power and Energy Mahinda Amaraweera says the Cabinet of Ministers who are due to…
Sri Lanka expects 3.5 – 4.0% growth in 2020, with limited hit from Covid-19
(FASTNEWS | COLOMBO) – Sri Lanka is expecting 3.5-4.0 % growth in 2020, amid a hit from Coronavirus (COVID -19)…
IFC Partners with CSE for 5th Ring the Bell for Gender Equality Event in Sri Lanka
(FASTNEWS | BUZZ) – For the fifth consecutive year, IFC, a member of the World Bank Group, partnered with the…
Sri Lanka negotiating $1Bn plus loan with China
(FASTNEWS | BUZZ) – The Government is in the middle of negotiating a loan from the Chinese Development Bank, which…
Hyatt, Hilton, Grand Oriental under one State-owned property development body
(FASTNEWS | BUZZ) – Some of the luxurious hotels and tourism-related assets are owned by State institutions such as the…
Minimum price for big onions increased by Rs. 20
(FASTNEWS | COLOMBO) – The minimum price for big onions has been increased from Rs. 60 to Rs. 80 to…
IMF provides $50bn to fight coronavirus outbreak
(FASTNEWS | Coronavirus outbreak) – The International Monetary Fund has announced $50bn (£39bn) of support for countries hit by the…
‘Irregular appointments at State Banks must end’
(FASTNEWS | COLOMBO) – The Ceylon Bank Employees’ Union has requested the President and Prime Minister to suspend the irregular…
Jack Welch: Legendary General Electric boss dies at 84
(FASTNEWS | Jack Welch) – Jack Welch, a titan of American business who transformed General Electric (GE) into America’s most…
Coronavirus: Stocks rise as central banks pledge support
(FASTNEWS | Coronavirus) – Share prices in Asia have risen after Japan’s central bank promised to help protect markets from…