IFRS 9: MANAGEABLE IMPACT FOR INSURERS
Fitch Ratings-Singapore/Hong Kong-12 February 2018Insurers are likely to see a moderate increase in investment income volatility following the
HIGHER EDUCATION
Sri Lanka announced Sunday the closure of a private medical college at the centre of a long running controversy over teaching standards
CYBER THEFT
Sri Lankan police have arrested two men for allegedly helping international criminals who hacked into computers at a Taiwan bank and stole millions of dollars,
REGIONAL MARKETS
Most Asian stock markets turned lower Friday after another missile launch by North Korea stoked the possibility of fresh geopolitical tensions while the
TOURIST ARRIVALS
International tourist numbers grew 6.4 percent in the first half of 2017, the strongest half year figures in seven years, with Mediterranean destinations
MARKET UPDATE
Asian traders moved cautiously Monday with turmoil in the White House fuelling concerns about Donald Trump’s economic agenda as a central bankers’ summit comes into view later in the week.
FISCAL POLICY
Sri Lanka announced tax cuts and subsidised loans for small businesses and exporters Thursday, amid concerns a raging drought and flash flooding could drag on economic growth.
REGIONAL MARKETS
Most Asian markets started clawing back losses Monday as fears fuelled by spiralling North Korean tensions showed tentative signs of easing and safe-haven assets lost momentum.
FINANCIAL INQUIRY
Sri Lanka’s foreign minister resigned Thursday after being linked to a controversial financial trader under investigation for allegedly causing millions of dollars of losses to the island’s coffers.
TEA INDUSTRY
The world faces a shortage of prized Darjeeling tea because of deadly unrest in the idyllic Indian Himalayan foothills where it is grown.
SOUTHERN PORT
Sri Lanka on Saturday sealed a billion-dollar deal to let a Chinese state firm take over a loss-making port in a move that worries many, including its giant neighbour India
MARKET UPDATE
Most Asian markets rose Monday following another record close on Wall Street while Shanghai stocks pared steep early losses thanks to stronger-than-expected growth figures
FED FALLOUT
Global stock markets were mostly higher on Thursday with the Dow edging to another record, boosted by remarks from Federal Reserve chief Janet Yellen that investors
REGIONAL MARKETS
Asian markets headed into the weekend on a negative note Friday following a selloff on Wall Street, US jobs data coming in below par and a dive in oil prices fuelling losses across the energy sector.
VIRAL EPIDEMIC
Sri Lanka deployed hundreds of soldiers to destroy mosquito breeding grounds as the country battles the spread of deadly dengue fever that has killed a record 215 people this year,
PRODUCTION INDEX
An indicator of Chinese manufacturing activity beat forecasts in June but analysts warned that Friday’s surprising result belied a slowdown in the world’s second-largest economy.
MARKET UPDATE
Asian markets on Monday built on last week’s gains following another record on Wall Street, while the euro edged up on news
ECONOMIC OUTLOOK
The global economy is set to post solid growth this year, amid improving world trade and better performance by large emerging markets, but key risks
REGIONAL MARKETS
Asian markets headed into the weekend with another round of gains Friday, following a record close for all three major New York indexes as traders welcomed
DISASTER MANAGEMENT
Sri Lanka’s monsoon toll climbed to 164 with the discovery of more bodies of people buried in landslides triggered by intense rains, the
