A situational analysis of the current foreign Exchange crisis.
The depleting foreign reserves in the Central bank and the deepening deficits in the Net Foreign assets of the commercial…
Category: BUSINESS
What is metaverse? Facebook is investing billions in this new project
Facebook plans to spend at least $10 billion this year on Facebook Reality Labs, its metaverse division tasked with creating…
Digicel Pacific: Australia’s Telstra buys Pacific firm ‘to block China’
The Australian government and telecoms giant Telstra are buying a Pacific telecoms company in a joint venture. The move is…
ASPI hits an all-time high passing 10,000 points in a single day
For the very first time in Sri Lankan history, the All Share Price Index at the Colombo Stock Exchange passed…
Furlough did a great job but thousands now face the sack
The furlough scheme prevented “catastrophic levels of unemployment” by supporting 11.6 million people and subsidised 2.3 billion working days, analysis…
Sri Lanka looking to diversify exports to Turkey & boost ties
Foreign Minister of Turkey Mevlüt Çavuşoğlu received Foreign Minister of Sri Lanka Prof. G.L. Peiris at the Turkish House, the…
Evergrande Moment of Truth Arrives With Bond Payment Deadlines
China Evergrande Group bondholders are about to find out if the property giant’s liquidity crisis is as dire as it…
NIVARD CABRAAL BEGINS RECORD SETTING THIRD TERM AS GOVERNOR CENTRAL BANK
Ajith Nivard Cabraal became the first person in the history of Sri Lanka’s Central Bank to serve in the…
STATE OWNED SD&CC ON USD 230 MILL PLUS RS 734 MILL SPENDING SPREE
Sri Lanka’s state-owned SD&CC have sought Cabinet of Ministers approval to engage in facilities worth USD 230,200,000 (USD 230 Million)…
Apple to let App Developers to steer customers to alternate forms of payments
Tech giant, Apple Inc. announced on Thursday (26 Aug) that changes to its App Store regulations will allow developers to…