JICA Pledges Rs14bn Development Loan to Srilanka
The Japan International Cooperation Agency (JICA) has agreed to provide a development policy loan of 14.4 billion rupees (JPY10,000mn) for Srilanka’s development…
Category: BUSINESS
Oil Falls on Iranian Production Pledge, Rising Dollar
Oil prices continued to fall on Tuesday (Aug 30) as the US dollar gained strength and an Iranian official reportedly…
Srilankan Rupee Steady Ahead of central Bank Policy Rate Meeting
The Sri Lankan rupee traded steady on Tuesday ahead of a central bank policy meeting later in the day, as…
Oil Falls on Bullish Fed Talk and Rising Dollar
Oil prices fell on Monday (Aug 29) as the dollar rose following relatively bullish talk from the US Federal Reserve.…
Apple Issues Update After Security Flaws Laid Bare
Owners of Apple mobile gadgets on Friday (Aug 26) were being urged to install a quickly released security update to…
Oil prices edge up but OPEC giants downplay output limits
Oil prices edged higher on Friday (Aug 26) but the market remained weak as OPEC’s key producers cast doubt on…
Oil Prices Rise as Iran Joins OPEC Meet
Oil prices cautiously rose on Thursday (Aug 25) as Iran said it would join talks on global output with other…
Weather to Impact Srilanka’s Tea Output in 2016: Report
The impact of extreme weather conditions continues to take its toll on Sri Lanka’s tea crop which is now clearly…
Srilanka Clarifies Reports on Economic Development Strategy
Sri Lanka’s National Policy and Economic Affairs Ministry has clarified certain newspaper reports saying they were aimed at sabotaging the…
Oil slides on surprise jump in US crude stockpiles
Oil prices slumped on Wednesday (Aug 24) as a surprise jump in US crude stockpiles added to lingering concerns over…
Oil Prices Lump on Report Iran Could Support OPEC Limits
Oil prices jumped on Tuesday (Aug 23) after a new report that Iran could support an effort by OPEC and…
Brent slides under US$50 as Iraq moves to boost output
World oil prices slid on Monday (Aug 22), slamming the brakes on last week’s rally as events in Nigeria and…
Energy Stocks Hit in Asia as Oil Sinks, Dollar Weak
Energy firms sank in Asian trade on Tuesday (Aug 23) as oil prices extended the previous day’s sharp losses due…
Asian Shares Slip, Dollar Stands Tall on Fed Hike Bets
The dollar strengthened and U.S. Treasury yields hit a two-week high on Monday on expectations the Federal Reserve will give…
Srilankan Rupee Steady; Importer Demand Offsets Exporter Dollar Sales
The Sri Lankan rupee was steady for a fifth straight session on Friday as dollar sales by exporters and banks…