U.S. FY 2021 budget requests $ 39.2 million to support Sri Lanka’s economic development
The United States Department of State’s FY 2021 budget requests a total of US$ 39.2 million under the Economic Support…
Category: MARKETS
Frictionless trade with the EU will end in 2020
The government has told businesses frictionless trade with the EU will end this year with the introduction of import checks…
Sri Lanka may start talks on a new IMF deal ‘later on’: CB Governor
Sri Lanka may start talks with the International Monetary Fund for a new program, Central Bank Governor W D Lakshman…
Negative rating stances on Sri Lanka worrying, but will improve with next budgetary cycle: CB Governor
Cuts by rating agencies in the outlook of Sri Lanka’s sovereign rating to negative in 2019 was worrying but ratings…
Sri Lanka licensed banks to provide special credit support for eligible SME borrowers
Licensed commercial banks and licensed specialized banks have agreed to provide a special Credit Support Scheme to eligible Small and…
Sri Lanka stocks end four-day rally on John Keells Holdings
Sri Lanka stocks closed 0.15 percent lower on Monday ending a four-day rally, with the market dragged down by index-heavy…
Bill Gates orders Rs.117 Billion worth hydrogen-powered superyacht
World’s second-richest man and Microsoft co-founder Bill Gates has bought himself a futuristic superyacht that’s powered entirely by liquid hydrogen…
Critic accidentally destroys $20,000 artwork at Mexico fair
An art critic has destroyed a contemporary piece at Mexico’s premiere art fair, sparking a debate about what constitutes art.…
Sri Lanka to enter into MoUs with four countries to promote tourism
The Government of Sri Lanka is planning to enter into Memorandums of Understanding (MoUs) with four other countries for the…
New EDB chief pledges assistance to revive tea exports
Prabhash Subasinghe, Chairman of Sri Lanka’s Export Development Board (EDB), has pledged to take innovative measures to reinvigorate the sagging…