The International Monetary Fund says China's yuan currency, which Washington has long alleged was manipulated, is "no longer undervalued".The value of... Read More
COLOMBO, Sri Lanka – Renowned property developer and hotel group; Shangri-La Hotels and Resorts is redefining the capital’s skyline and its... Read More
Purasisi Jinadasa, Chief Strategy Officer of CAL sheds light on global marketsCapital Alliance, Sri Lanka’s leading full service investment bank... Read More
Struggling Greece will keep repaying its EU-IMF creditors for as long as it can, with some 300 million euros due next week and no deal in sight in talks... Read More
Sri Lanka expects a revenue target of more than 3 billion dollars from tourism in 2015.This is with the anticipation of 1.5 million to 1.8 million tourist... Read More
Finance ministers from the world's largest developed economies will meet in Germany this week against a backdrop of faltering global growth, scant inflationary... Read More
The Bank of England has confirmed it is researching the financial risks of the UK leaving the EU after it "inadvertently" sent details of its work to a... Read More
The EU has agreed a 2 billion dollar loan to Ukraine - described as a landmark deal for a non-EU member.
The agreement was signed at an EU summit in Latvia,... Read More
Two more Japanese car giants - Mazda and Mitsubishi - are recalling 630 thousand vehicles to replace faulty air bag inflators made by Takata.
The move... Read More
OPEC will stick with the strategy of favouring market share over prices when it meets next month because rival producers are already starting to buckle.All... Read More
Leading real estate giant, the Blue Mountain Group, recently received global recognition and made history for Sri Lanka at the prestigious Asia Pacific... Read More
Central Bank has decided to maintain current policy interest rates as the Monetary Board was of the view that the current monetary policy stance is appropriate.Accordingly,... Read More
The National Mobile Service Provider Mobitel has partnered with Abans PLC to provide customers the all new opportunity to deposit money, pay utility bills,... Read More
At a recently held gathering at the Trace Expert City Colombo to mark the launch of Mobitel’s Innovation Centre, the telecommunications giant celebrated... Read More
DFCC Vardhana Bank PLC (DVB) recorded an impressive profit after tax of Rs.336.30 million for the first quarter of the financial year of 2015,a 506.46%... Read More
Five of the world's largest banks are to pay fines totalling 5.7 billion dollars for charges including manipulating the foreign exchange market.
Four... Read More
Sri Lanka has sold 3.29 billion rupees of 9 year bonds after calling bids for 2 billion rupees of bonds.The debt office on Tuesday sold the bond maturing... Read More
For the first time, Sri Lankan's will have access to foreign funding through a secure, trusted and locally owned Crowdfunding Platform. This revolutionary... Read More
India's finance ministry said in a statement yesterday, that it had managed to better its fiscal and revenue deficit targets for the year 2014 to 15, as... Read More
Sri Lanka's vehicle registrations rose 70-percent from a year earlier to 48 thousand 718 units in April 2015 but was down from a historic high of 66 thousand... Read More