Sri Lanka jolts markets with outsized 100-b.p rate hike to counter Gulf crisis
COLOMBO, May 26 (Reuters) – Sri Lanka’s central bank stunned markets by raising its benchmark policy rate by an outsizedContinue Reading
Category: Business Briefing
Middle East conflict hits Sri Lanka’s tea industry, heightens economic strain
COLOMBO, May 21 (Reuters) – Tea factory worker Jacintha Malar once relied on cooking gas to prepare meals for herContinue Reading
India scrambles to steady rupee as oil shock bites
(AFP)-India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten toContinue Reading
Authorities search waters in the Maldives for bodies of Italians who died in cave dive accident
MALE, Maldives (AP) — Maldivian authorities conducted a high-risk search Friday for the bodies of four Italian divers who diedContinue Reading
Vietnam seeks deeper defence, trade ties with Sri Lanka
(AFP)-Vietnam’s top leader To Lam called for deeper defence and trade ties with Sri Lanka on Friday, noting the SouthContinue Reading
Sri Lanka probes missing $625,000 postal payment to USPS
COLOMBO, April 28 (Xinhua) — Sri Lankan authorities have initiated an investigation into a foreign currency payment made by theContinue Reading
Hackers steal $2.5 million from Sri Lanka’s Finance Ministry
COLOMBO, Sri Lanka (AFP)– Cybercriminals hacked into the Sri Lankan Finance Ministry’s computer system and siphoned off US$2.5 million, the governmentContinue Reading
UAE turns to U.S for financial lifeline as Iran war shows no end – Report
The United Arab Emirates has begun preliminary talks with the U.S. about securing a potential financial safety net if theContinue Reading
Sri Lanka’s Energy minister resigns
COLOMBO, April 17 (Reuters) – Sri Lanka’s Energy Minister Kumara Jayakody and ministry secretary Udayanga Hemapala resigned on Friday followingContinue Reading
U.S Vice President J D Vance says talks with Iran ended after 21 hours without reaching agreement
ISLAMABAD (AP) — U.S. Vice President J.D. Vance said negotiations ended early Sunday between the United States and Iran withoutContinue Reading
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