Business News
IFC Poised to Boost Investments in Sri Lanka Amid Positive Economic Outlook
The International Finance Corporation’s (IFC) Asia Pacific Vice President, Riccardo Puliti, recently expressed the IFC's readiness to increase investments in Sri Lanka, buoyed by an improving economic outlook.
This optimism...
Business News
The UK and Australia say they have agreed “the vast majority” of a free trade deal.
After talks on Friday in London the two said they aim to seal a deal by June. "Both countries are confident the remaining issues...
Business News
China’s Alibaba promises to make life easier for smaller firms
Alibaba’s CEO Daniel Zhang says he does not expect any material impact from changes to its practice of forcing merchants on its e-commerce platforms...
Business News
Chamath Palihapitiya says he totally missed investing in Coinbase because he opted to own bitcoin directly
Chamath Palihapitiya "totally missed" investing in Coinbase because he didn't recognize the value in owning bitcoin as well as the companies based on it.
In...
Business News
Sri Lankan Rupee further depreciates against USD
The Sri Lankan rupee has come once again under pressure as it further depreciated against the US Dollar with the selling rate of the...
Business News
Coinbase valuation soars to $68 billion ahead of highly anticipated crypto listing
Cryptocurrency exchange Coinbase has reached an implied $68 billion valuation ahead of its highly anticipated direct listing on the Nasdaq.
The latest valuation is based on a...
Business News
Quality service with many new features from Colombo Arcade premises.Excellent service with many new units at Colombo Arcade building complex (Photos)
The Urban Development Authority decides to improve the Colombo Arcade premises under private public cooperation and introduce many new elements and provide more quality...
Business News
Concessionary scheme for leasing facilities obtained by businesses and individuals engaged in passenger transportation
Considering the difficulties and constraints faced by businesses and individuals engaged in passenger transportation services due to the ongoing COVID-19 pandemic, the Central Bank...
Business News
The first phase of the Altair multi-story mixed development housing project with 230 meters tall and 68-story opens (Photos)
A new design with a new experience in a construction field.
Total investment for the Altair project is USD 250 million.
The first phase of the...
Business News
First phase of Altair opens (Photos)
The first phase of the Altair mixed development project at Slave Island, Colombo, opened yesterday. State Ministers Nalaka Godahewa and Ajith Nivard Cabraal and...
Business News
Elon Musk hits new milestone, adds a record $25 billion in just one day
Musk and Bezos have been battling for the top spot on the Bloomberg wealth index since the Tesla founder took over in January, the...