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Category: BUSINESS

Smart Reforms Could Improve Sri Lanka’s Exports: World Bank
BUSINESSLatest News
byFastnewsNov 7, 2016

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

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

Samsung to Launch AI Digital Assistant Service for Galaxy S8
BUSINESSLatest News
byFastnewsNov 6, 2016

Samsung to Launch AI Digital Assistant Service for Galaxy S8

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

Android Gets Record 87.5% of Smartphone Market: Survey
BUSINESSLatest News
byFastnewsNov 4, 2016Nov 4, 2016

Android Gets Record 87.5% of Smartphone Market: Survey

Google’s Android operating system captured a record-high 87.5 per cent of the global smartphone market in the third quarter, a…

Sri Lankan Rupee Firmer on Exporter Dollar sales; Stocks Edge Lower
BUSINESSLatest News
byFastnewsNov 4, 2016

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

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

Asian Shares Slip, Dollar Nurses Losses as US Election Looms
BUSINESSLatest News
byFastnewsNov 4, 2016

Asian Shares Slip, Dollar Nurses Losses as US Election Looms

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

Sri Lanka Tea October 2016 Auction Averages Reach Record Levels
BUSINESSLatest News
byFastnewsNov 4, 2016

Sri Lanka Tea October 2016 Auction Averages Reach Record Levels

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

Sri Lankan Rupee Falls on Importer Dollar Demand; Stocks Firm
BUSINESSLatest News
byFastnewsNov 3, 2016

Sri Lankan Rupee Falls on Importer Dollar Demand; Stocks Firm

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

Sri Lanka Awards USD58mn Railway Tender to Only Bidder
BUSINESSLatest News
byFastnewsNov 3, 2016

Sri Lanka Awards USD58mn Railway Tender to Only Bidder

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

Asia Stocks, Dollar Slip Amid U.S. Election Tension
BUSINESSLatest News
byFastnewsNov 3, 2016

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

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

Sri Lankan Rupee Weaker on Importer Dollar Demand
BUSINESSLatest News
byFastnewsNov 2, 2016

Sri Lankan Rupee Weaker on Importer Dollar Demand

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

Oil eEtends Losses After Report Shows Surprise US Stocks Build
BUSINESSLatest News
byFastnewsNov 2, 2016

Oil eEtends Losses After Report Shows Surprise US Stocks Build

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

Asian Factories Crank up Output, but U.S. Election, Fed Make Investors Wary
BUSINESSLatest News
byFastnewsNov 1, 2016

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

Asia’s largest economies posted strong factory activity in October, though poor showings in Korea and Southeast Asia and a weaker…

Sri Lanka ranks 31st in Global Youth Development Index
BUSINESSLatest News
byFastnewsNov 1, 2016Nov 1, 2016

Sri Lanka ranks 31st in Global Youth Development Index

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

Oil Prices Rise From One-month Lows After OPEC Approves Strategy
BUSINESSLatest News
byFastnewsNov 1, 2016

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

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

Asia Stocks Shaky as FBI Review of Clinton emails Rattles Markets
BUSINESSLatest News
byFastnewsOct 31, 2016

Asia Stocks Shaky as FBI Review of Clinton emails Rattles Markets

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

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