CAA approves increase in prices of local milk powder
The Consumer Affairs Authority (CAA) has approved an increase in the prices of local milk powder, matching it with the prices of imported ones.
“We...
Sri Lanka hikes special commodity levy on big onions
Sri Lanka’s finance ministry has increased the Special Commodity Levy imposed on imported big onions for two months with effect from May 1.
The commodity...
Sri Lanka prints Rs.115.6 bn in April as economic crisis continues
Sri Lanka has printed Rs 6.55 billion this week, pumping a total of Rs 115.62 billion into the market in April, central bank data...
Apple sales inch higher despite coronavirus but CEO Tim Cook sees...
Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in...
Luxury taxes added to vehicles less than 1,000cc after rupee depreciation:...
Due to the increase of the value of Japanese Yen and the US Dollar against the Sri Lankan Rupee after March 20, the vehicles...
US trade commission probing Nintendo Switch patent complaint
Shares in Nintendo fell Thursday after the US international trade commission said it was investigating alleged patent infringement involving the Japanese firm's hugely popular...
Oil rebounds above $14 after massive sell-off
US oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling its short-term holdings of...
The world’s most valuable resource is no longer oil, but data
The data economy demands a new approach to antitrust rules
A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to...
Samsung Electronics reports 3% drop in Q1 net profit
The world's biggest smartphone maker, Samsung Electronics, reported a three-percent drop in first-quarter net profits on Wednesday, as the coronavirus pandemic dampened consumer demand.
Net...
Central Bank releases annual report for 2019
In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventieth Annual Report of the Monetary Board of the...
