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China firm vanishes with billions in Sri Lanka Lotus Tower scam
Sri Lanka's President Maithripala Sirisena had bared a scam running into billions of rupees in building a massive tower by Chinese firms, draining funds from Sri Lanka's cash rich telecom regulator.
Sri Lanka rupee closes weaker, gilt yields flat
The Sri Lanka rupee closed weaker at 180.48/55 to the US dollar on Monday, while bond yields remained unchanged, brokers and dealers said.
China-run Hambantota port in Sri Lanka links with Thailand’s Ranong
Sri Lanka's China managed Hambantota Port has inked a deal with Thailand's Ranong port with a view to developing shipping routes in the region, the company said.
Oil prices rocket on slashed Saudi output
Brent crude surged by 20 percent Monday -- the biggest gain since the 1991 Gulf War -- after weekend drone attacks on two Saudi oil facilities halved output in the world's top crude exporter, fuelling fresh geopolitical and growth fears.
