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CLASSIC TRAVEL

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    • IFRS 9: MANAGEABLE IMPACT FOR INSURERS14/02/18Fitch Ratings-Singapore/Hong Kong-12 February 2018Insurers are likely to see a moderate increase in investment income volatility following the Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • HIGHER EDUCATION30/10/17Sri Lanka announced Sunday the closure of a private medical college at the centre of a long running controversy over teaching standards Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • CYBER THEFT09/10/17Sri Lankan police have arrested two men for allegedly helping international criminals who hacked into computers at a Taiwan bank and stole millions of dollars, Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • FINANCIAL INQUIRY11/08/17Sri 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. Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • TEA INDUSTRY04/08/17The world faces a shortage of prized Darjeeling tea because of deadly unrest in the idyllic Indian Himalayan foothills where it is grown. Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • SOUTHERN PORT31/07/17Sri 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 Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • MARKET UPDATE17/07/17Most 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 Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • FED FALLOUT14/07/17Global 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 Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • REGIONAL MARKETS07/07/17Asian 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. Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • VIRAL EPIDEMIC03/07/17Sri 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, Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • PRODUCTION INDEX30/06/17An 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. Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • REGIONAL MARKETS02/06/17Asian 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 Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • POST-WAR AGENDA22/05/17Sri Lanka’s President announced Saturday new investigations into alleged secret detention centres as part of a drive to find tens Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • AIRLINE INDUSTRY08/05/17A US equity firm that bid to buy a stake in Sri Lanka’s loss-making national airline has pulled its offer, officials said Saturday as the carrier scrambled for a new partner. Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • COMMODITY MARKETS05/05/17Hong Kong, China | AFP | Friday 5/5/2017 – Energy firms were among the main losers in Asian trade on Friday following a plunge in oil prices fuelled by fresh Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • GOVERNMENT FINANCE28/04/17Sri Lanka will raise US$ 2.5 billion through sovereign bonds and syndicated loans amid delays in securing the latest instalment of an International Monetary Fund (IMF) Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • CURRENCY MARKETS24/04/17The euro surged Monday after moderate Emmanuel Macron won the first round in France’s presidential election and looked set to triumph in the run-off against far-right candidate Marine Le Pen next month Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • MONETARY POLICY27/03/17Sri Lanka raised its key interest rate by 25 basis points Friday as inflation spiked and foreign reserves fell, compounding problems caused by slowing economic growth. Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • MARKET UPDATE20/03/17Most Asian markets slipped Monday following last week’s broad advances, with the dollar suffering fresh selling pressure after the Federal Reserve Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • MARITIME PIRACY17/03/17Somali pirates on Thursday handed over an oil tanker and eight Sri Lankan hostages captured just days ago, the Oceans Beyond Piracy NGO told Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • REGIONAL MARKETS13/03/17Asian markets mostly rose Monday following last week’s forecast-busting US jobs report but the dollar struggled against most other currencies Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • PORT INVESTMENT10/03/17Cash-strapped Sri Lanka is to scale back a profitable but controversial deal to sell a deep-sea port to a Chinese company after widespread protests Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • HUMAN RIGHTS06/03/17Sri Lankan President Maithripala Sirisena has rejected a fresh appeal from the United Nations to allow international judges to investigate alleged Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • EXTERNAL TRADE20/02/17Japan logged its first trade deficit in five months in January, official data showed Monday, as higher energy prices overwhelmed slower growth in exports Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • LEGAL BARRIERS17/02/17Google’s venture to beam the internet to remote areas of the world via balloon has hit a legal snag in Sri Lanka that could see the project abandoned Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • STATE BORROWINGS27/01/17Sri Lanka Thursday said it was stuck in a “gigantic debt trap” and that paying off foreign loans would hit a record US$ 2.4 billion Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • MARKET REACTION16/01/17The pound struggled at 32-year lows against the dollar in Asia on Monday after reports said British Prime Minister Theresa May Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • ECONOMIC POLICY30/12/16Beijing has pledged to open up more economic sectors to foreign investment, an official statement said, as foreign chambers Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • FINANCIAL AID19/12/16Sri Lanka has secured US$ 1.34 billion in loans from the World Bank to boost the cash-strapped island’s economy over the next Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • CURRENCY MARKETS05/12/16The euro hit a 20-month low Monday and most Asian stocks retreated as a fresh wave of uncertainty hit markets after Italy’s prime minister resigned following a heavy referendum defeat. Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • REGIONAL MARKETS02/12/16Asian stocks turned negative Friday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • ENERGY POLICY01/12/16The Public Utilities Commission of Sri Lanka (PUCSL) has introduced a proposal that would exempt electricity consumers who Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
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    • REGIONAL MARKETS25/11/16Asian markets headed into the weekend on a positive note Friday, with Tokyo again being propelled by the weaker yen as the Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • FISCAL POLICY21/11/16Sri Lanka’s economy has begun to stabilise after securing a US$ 1.5 billion bailout earlier this year, but the island needs to Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • INTERNAL TRADE16/11/16The Sri Lankan Government will sign a Memorandum of Understanding (MoU) with a Chinese consortium by January Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • GOVERNMENT FINANCE15/11/16Sri Lanka’s Minister of Finance Ravi Karunanayake assured that Budget 2017 is a development-oriented budget Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • TRADE AGREEMENT07/11/16Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • REGIONAL MARKETS04/11/16A sharp fall in Tokyo led losses in most major Asian stock markets Friday, as traders fret over next week’s US election Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • TRADE RELATIONS17/10/16Indian Prime Minister Narendra Modi hosted leaders of the BRICS emerging powers on Sunday at a summit seeking to strengthen trade ties and help overcome the bloc’s economic woes Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • LAW ENFORCEMENT14/10/16Sri Lanka said Wednesday it will lift a bar on women reaching the top ranks of the police, as part of wide-ranging reforms to the ailing force Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • REGIONAL MARKETS03/10/16Asian markets rallied Monday, with financials up on easing fears about the future of German giant Deutsche Bank, after a source said it was nearing a deal to slash a multi-billion-dollar US fine Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • WIND POWER AFFECTS BIRDS03/10/16Although wind power is an ideal alternative energy option for Sri Lanka, the location of a proposed wind farm is said to negatively impact the migrant bird population arriving in the island Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • TAXES ON CIGARETTES HIKED03/10/16The Cabinet recently decided to impose a 15 percent Value Added Tax (VAT) on cigarettes, increase the current production tax to Rs. 5, and increase the cess on beedi leaf imports from Rs. 2,000 to Rs. 3,000, to curb smoking in the country Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • SHORTFALL IN TEA PRODUCTION03/10/16With Sri Lankan tea production in August falling by 13 percent compared to last year, from 3.4 million kilogrammes (kg) to 23 million kg, the country is predicted to head for a significant shortfall in tea production by the end of the year Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...
    • COMPUTER LITERACY RISES03/10/16Computer literacy in Sri Lanka has increased from 16.1 percent in 2006/07 to 27.1 percent in 2015, according to a national survey conducted by the Department of Census and Statistics Share this:PrintEmailFacebookLinkedInTwitterGoogleSkypeWhatsApp...



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