An Echelon Media Company
Thursday August 18th, 2022

China central bank says no basis for further yuan depreciation, will monitor cross-border flows

(Reuters) - China's central bank said on Thursday that there is no basis for further depreciation in the yuan currency g...

August 13, 2015 1 min read

Busting the election myth of state jobs in Sri Lanka

ECONOMYNEXT - Sri Lanka's rulers have long mis-used taxes collected from some people to give jobs to others in a dog-eat...

August 13, 2015 7 min read

Lower Sri Lankan tea prices boost Finlays Colombo profit

ECONOMYNEXT – Lower tea prices have helped boost the bottom line of Finlays Colombo whose net profit shot up 91 p...

August 13, 2015 2 min read

India's states sidestep stalled reform, go it alone to woo investment

(Reuters) - It took two months of courting, dozens of negotiators and final talks that ran into the early hours, but the...

August 13, 2015 4 min read

Dollar struggles as markets await China yuan fixing for clues on depreciation plans

(Reuters) - The dollar struggled early on Thursday after retreating broadly overnight as the yuan's depreciation slowed,...

August 13, 2015 2 min read

Sri Lanka's HNB net down 6-pct in June 2015

ECONOMYNEXT - Profits at Sri Lanka's Hatton National Bank fell 6 percent to 2.3 billion rupees in the June 2015 quarter ...

August 13, 2015 1 min read
ICT

Sri Lanka Telecom June net profit down 29-pct

ECONOMYNEXT – Sri Lanka Telecom’s net profit fell 29 percent to 1.7 billion rupees in the June 2015 quarte...

August 12, 2015 1 min read

Sri Lanka starts emergency paramedic service backed by India

ECONOMYNEXT - Sri Lanka is starting a paramedic response service with the backing of India that will see accident victim...

August 12, 2015 2 min read

Sri Lankan shares close at near 7-month high

COLOMBO, Aug 12 (Reuters) - Sri Lankan shares closed at their highest in nearly seven months on Wednesday as hopes of im...

August 12, 2015 1 min read

Sri Lanka's Central Bank launches fresh defence of controversial bond auction

ECONOMYNEXT - Sri Lanka's Central Bank has issued a fresh defence of a highly controversial bond auction, just days ahea...

August 12, 2015 7 min read

Sri Lanka Islamic bank June quarter net profit Rs47.5mn

ECONOMYNEXT – Amãna Bank, a Sri Lankan bank operating on the non-interest based Islamic banking model, made a ...

August 12, 2015 2 min read

Sri Lanka's Commercial Bank net up 19-pct in June quarter

ECONOMYNEXT - Profits at Sri Lanka's Commercial Bank of Ceylon grew 19.3 percent to 2.64 billion rupees in the June 2015...

August 12, 2015 1 min read

China's yuan closes down 1 pct, more weakness expected

(Reuters) - China's yuan extended losses for a second day, closing down 1 percent against the dollar after the People's ...

August 12, 2015 3 min read

Sri Lanka's Treasuries yields rise at auction, bonds follow

ECONOMYNEXT - Sri Lanka's 06 and 12 month Treasuries yields rose up to 09 basis points at Wednesday's auction, with 21.9...

August 12, 2015 2 min read

Sri Lanka accounting body aims for greater clarity in reports

ECONOMYNEXT – Sri Lanka’s accounting standards body said it expects corporate financial reports to be more...

August 12, 2015 2 min read

Sri Lankan on suspected Diego Garcia expedition freed by Maldives

ECONOMYNEXT - A Sri Lankan who was on board a boat suspected to have been on a failed expedition to a remote Indian Ocea...

August 12, 2015 2 min read

Sri Lanka's Sangakkara plays last test match

ECONOMYNEXT - Sri Lanka's Kumara Sangakkara is playing his last test match in Galle, Sri Lanka against India.

August 12, 2015 1 min read

Seized companies must be returned, Sri Lanka investment chief says

ECONOMYNEXT – Companies taken over by the Sri Lankan government under a controversial law should be returned to t...

Rohan Gunasekera
August 12, 2015 1 min read

Sri Lanka's Microimage ties up with digital ad agency Antyra

ECONOMYNEXT - Microimage, a Sri Lanka based soft-ware company has tied up with Antyra Solutions a start-up digital adver...

August 12, 2015 2 min read

Sri Lanka vehicle registrations hit new high in July 2015 amid cheap credit

ECONOMYNEXT - Sri Lanka's vehicle registrations hit a new high of 61,953 units in July 2015, up 85 percent from a year e...

August 12, 2015 3 min read