Sri Lanka hikes import duty on fuel despite global decline in...
Sri Lanka’s finance ministry has hiked import duty on fuel for two months from April 23, although oil prices crashed in the world market,...
Guaranteed price for 14 main crops of Yala Season
The Cabinet of Ministers has approved a guaranteed price for 14 main crops of Yala Season with the intention of strengthening the income of...
Facebook invests $5.7 billion for 9.99% stake in India’s Jio Platforms
Facebook is pumping billions of dollars into Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani's sprawling conglomerate Reliance Industries.
The deal, announced...
Maximum retail price set for turmeric powder
A maximum retail price of Rs. 750 per kilogram has been fixed for Turmeric Powder with effect from today (21), the Consumer Affairs Authority...
US oil bounces after crash but Asia stocks suffer big losses
US crude prices bounced back into positive territory Tuesday, a day after crashing below $0.00 for the first time owing to crippled demand and...
Top oil producers agree ‘historic’ cuts due to coronavirus crisis
Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude...
New bank account to remit foreign currency earnings
A new bank account termed Special Deposit Account (SDA) has been introduced for all Sri Lankans living in and outside the country to remit...
‘They don’t get to summer in the Hamptons? Who cares?’: CEO...
Social Capital CEO Chamath Palihapitiya told CNBC that poor-performing billionaires, hedge funds, and massive companies — including airlines — deserved to be "wiped out" during...
Apple and Google team up on virus ‘contact tracing’ by smartphone
Google and Apple unveiled a joint initiative Friday to develop a coronavirus smartphone "contact tracing" tool that could potentially alert people when they have...
V-shaped or U-shaped? Some economists upbeat on virus recovery
The coronavirus pandemic has hit like a worldwide hurricane, shutting activity in most economies simultaneously, but some forecasters are more optimistic about the prospects...
