Category: BUSINESS

French plane maker’s fraudulent deals with SriLankan bared

French plane maker’s fraudulent deals with SriLankan bared

Feb 1, 2020

(FASTNEWS | COLOMBO) -  $2m paid to the wife of a Sri Lankan Airlines executive through a Brunei shell company ... Read More

Central Bank reduces its policy interest rates

Central Bank reduces its policy interest rates

Jan 30, 2020

(FASTNEWS | COLOMBO) - The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the ... Read More

Google temporarily shutting down all China offices

Google temporarily shutting down all China offices

Jan 30, 2020

(FASTNEWS | COLOMBO) - Alphabet Inc’s Google said on Wednesday it is temporarily shutting down all its offices in China ... Read More

Sri Lanka state universities open doors for international students

Sri Lanka state universities open doors for international students

Jan 24, 2020

(FASTNEWS | COLOMBO) - Even though legal provisions are in existence to admit 4.5% of foreign students out of the ... Read More

SriLankan Airlines takes action with regard to Coronavirus outbreak

SriLankan Airlines takes action with regard to Coronavirus outbreak

Jan 24, 2020

(FASTNEWS | COLOMBO) - SriLankan Airlines has implemented a series of precautionary measures to mitigate the risks from the current ... Read More

Anita Dorai supports ‘Wheels for Wheels’

Anita Dorai supports ‘Wheels for Wheels’

Jan 23, 2020

(FASTNEWS | COLOMBO) - Anita Dorai, a Singaporean-born glamorous lady who is constantly striving to make noble contributions to the ... Read More

Uber sells its India food delivery business to Zomato

Uber sells its India food delivery business to Zomato

Jan 21, 2020

(FASTNEWS | New Delhi) - Uber has sold its food delivery service in India to local rival Zomato, the firms ... Read More

Vietnamese firm Viettel’s 5G claim raises eyebrows outside

Vietnamese firm Viettel’s 5G claim raises eyebrows outside

Jan 21, 2020

(FASTNEWS | HANOI) - A Vietnamese firm's claim to be a fresh force in 5G network equipment is being treated ... Read More

Trade deficit contracts in first 11 months of 2019

Trade deficit contracts in first 11 months of 2019

Jan 20, 2020

(FASTNEWS | COLOMBO) - During the first eleven months of 2019, the trade deficit contracted compared to the corresponding period ... Read More

EU extends GSP Plus until 2023

EU extends GSP Plus until 2023

Jan 20, 2020

(FASTNEWS | COLOMBO) - The European Union has announced that it has decided to extend the GSP Plus facility for ... Read More

China’s economic growth hits three-decade low

China’s economic growth hits three-decade low

Jan 17, 2020

(FASTNEWS | COLOMBO) - China's economy grew last year at the slowest pace in almost three decades. Official figures show ... Read More

President limits allowances, vehicles of State Sector Heads

President limits allowances, vehicles of State Sector Heads

Jan 16, 2020

(FASTNEWS | COLOMBO) - The Presidential Secretariat has issued a Special Circular limiting the allowances and other facilities of Chairmen ... Read More

Govt. dismisses fuel shortage fears

Govt. dismisses fuel shortage fears

Jan 11, 2020

(FASTNEWS | COLOMBO) - The Ministry of Power and Energy stated there is no shortage of fuel in Sri Lanka ... Read More

Twitter to test ‘block all replies’ function

Twitter to test ‘block all replies’ function

Jan 9, 2020

(FASTNEWS | TWITTER) - Twitter has said it will test new features that allow users to control who can reply ... Read More

Sri Lanka stocks fall due to Middle East crisis

Sri Lanka stocks fall due to Middle East crisis

Jan 8, 2020

(FASTNEWS | COLOMBO) - Sri Lanka’s stock market indices fell significantly on Wednesday due to rising tension in the Middle ... Read More