Category: BUSINESS

Smart Reforms Could Improve Sri Lanka’s Exports: World Bank

Smart Reforms Could Improve Sri Lanka’s Exports: World Bank

Nov 7, 2016

Sri Lanka could grow it exports by encouraging resources to more productive firms through managing urbanization and fostering agglomeration of ... Read More

Samsung to Launch AI Digital Assistant Service for Galaxy S8

Samsung to Launch AI Digital Assistant Service for Galaxy S8

Nov 6, 2016

Samsung Electronics Co Ltd said on Sunday it would launch an artificial intelligence digital assistant service for its upcoming Galaxy ... Read More

Android Gets Record 87.5% of Smartphone Market: Survey

Android Gets Record 87.5% of Smartphone Market: Survey

Nov 4, 2016

Google's Android operating system captured a record-high 87.5 per cent of the global smartphone market in the third quarter, a ... Read More

Sri Lankan Rupee Firmer on Exporter Dollar sales; Stocks Edge Lower

Sri Lankan Rupee Firmer on Exporter Dollar sales; Stocks Edge Lower

Nov 4, 2016

The Sri Lankan rupee edged up on Friday as dollar selling by exporters surpassed the demand for the greenback from ... Read More

Asian Shares Slip, Dollar Nurses Losses as US Election Looms

Asian Shares Slip, Dollar Nurses Losses as US Election Looms

Nov 4, 2016

Asian shares slipped on Friday and the dollar nursed losses in a week marked by growing uncertainty about the outcome ... Read More

Sri Lanka Tea October 2016 Auction Averages Reach Record Levels

Sri Lanka Tea October 2016 Auction Averages Reach Record Levels

Nov 4, 2016

Sri Lankan tea prices at the Colombo auctions were at an new monthly high in October 2016 as volumes fell ... Read More

Sri Lankan Rupee Falls on Importer Dollar Demand; Stocks Firm

Sri Lankan Rupee Falls on Importer Dollar Demand; Stocks Firm

Nov 3, 2016

The Sri Lankan rupee traded lower on Thursday on dollar demand from importers and as foreign investors sold government securities, ... Read More

Sri Lanka Awards USD58mn Railway Tender to Only Bidder

Sri Lanka Awards USD58mn Railway Tender to Only Bidder

Nov 3, 2016

Sri Lanka’s cabinet nod has been given to award a tender to the only bidder who submitted a bid to ... Read More

Asia Stocks, Dollar Slip Amid U.S. Election Tension

Asia Stocks, Dollar Slip Amid U.S. Election Tension

Nov 3, 2016

Asia shares joined the U.S. dollar on the defensive on Thursday as the nail-biting U.S. presidential race saw the S&P ... Read More

Sri Lankan Rupee Weaker on Importer Dollar Demand

Sri Lankan Rupee Weaker on Importer Dollar Demand

Nov 2, 2016

The Sri Lankan rupee was weaker on Wednesday due to dollar demand from importers, dealers said, while the market shrugged ... Read More

Oil eEtends Losses After Report Shows Surprise US Stocks Build

Oil eEtends Losses After Report Shows Surprise US Stocks Build

Nov 2, 2016

Crude oil prices fell for a fourth day on Wednesday, as jittery investors awaited official U.S. stockpile figures later in ... Read More

Asian Factories Crank up Output, but U.S. Election, Fed Make Investors Wary

Asian Factories Crank up Output, but U.S. Election, Fed Make Investors Wary

Nov 1, 2016

Asia's largest economies posted strong factory activity in October, though poor showings in Korea and Southeast Asia and a weaker ... Read More

Sri Lanka ranks 31st in Global Youth Development Index

Sri Lanka ranks 31st in Global Youth Development Index

Nov 1, 2016

Sri Lanka has been ranked 31st in the Global Youth Development Index (YDI) 2016 based on a country’s condition for ... Read More

Oil Prices Rise From One-month Lows After OPEC Approves Strategy

Oil Prices Rise From One-month Lows After OPEC Approves Strategy

Nov 1, 2016

Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term ... Read More

Asia Stocks Shaky as FBI Review of Clinton emails Rattles Markets

Asia Stocks Shaky as FBI Review of Clinton emails Rattles Markets

Oct 31, 2016

Most Asian stocks struggled higher on Monday but investors were rattled by news that the FBI is planning to review ... Read More