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Friday May 7th, 2021

Myanmar military coup slams economy, to shrink 8.9-pct in 2021: IMF

Myanmar's economy could shrink 8.9 percent in 2021, as a military coup has descended on the country though most other Asian nations are expected to r...

5 minutes

Aruba rating downgraded to BBB by S&P, outlook stable

Standard and Poor's has downgraded Aruba's sovereign rating from to BBB from BBB+, with a stable outlook as tourism was badly hit amid ...

1 min read

Myanmar military takes over in apparent coup, detains Aung San Suu Kyi

In an apparent coup d'état, Myanmar’s military has handed over power to army chief Min Aung Hlaing, hours after detaining civilian leader Aung San ...

2 min read

Trump concedes election after Congress certifies Biden’s win

United States President Donald Trump is stepping down and has pledged to an orderly transfer of power to President-elect Joe Biden, CNN reports.

2 min read

World leaders condemn 'assault on democracy' at US Capitol

World leaders and governments on Wednesday expressed shock and outrage at the storming of the US Capitol in Washington by supporters of President Dona...

Four dead in Washington violence - Police

At least four people are dead in the violent incidents seen in the United States capital Washington where the legislative building was stormed by supp...

Joe Biden inches closer to US Presidency, air, ground security tightened

Democratic candidate Joe Biden inched closer to victory in the US Presidential race as he took lead in Pennsylvania and ...

3 min read

US networks refuse to broadcast Trump's latest false claims, twitter flags

Major US networks had cut off President Donald Trump's White House from the While House claiming voter fraud, though it ...

2 min read

Biden leads in US Presidential race, Trump peddles conspiracy amid Fox drama

Democratic candidate Joe Biden is leading in votes counted so far with US networks projecting 253 Electoral College dele...

2 min read

US President Trump claims victory electoral fraud, says will go to court

US President Donald Trump has claimed that the US vote counting is a 'fraud' and will go to court to prevent the electio...

2 min read

Biden expresses confidence, Trump says big win, Fox calls Arizona for Dems

US Presidential candidate Joe Biden called for patience and expressed confidence as Fox news called Arizona for him, and...

2 min read

US President Donald Trump taken to hospital after Coronavirus

President Trump was initially isolated and was said to have been convalescing at the White House with his wife Melania w...

1 min read

Two Sri Lankans injured in massive Beirut blast that has killed dozens - Ambassador

At least one Sri Lankan is injured in the massive explosion that occurred in the Lebanese capital Beirut yesterday, Sri ...

Tharumalee Silva

2 min read

Sri Lankan man accused of killing wife in Canada gets his trial dismissed due to court del...

A Sri Lankan man accused of murdering his 21-year old wife in 2012 in Montreal, Canada, has had his murder trial dismiss...

2 min read

Twenty Indian soldiers dead in “brawl” with Chinese Army at tense border where no shot...

At least 20 Indian soldiers including a Colonel are dead in a clash with Chinese forces in a disputed Himalayan border a...

2 min read

US Riots Show That Double Standards Rankle - Jehan Perera

Unrest and rioting in cities throughout the United States, the world’s largest economy and one of its richest, have be...

Dr. Jehan Perera - Executive Director National Peace Council

6 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.5155 199.5887
UK Pound 277.4163 277.5680
Euro 240.7055 239.7459
Aus Dollar 155.2131 154.6214
Yen 1.8282 1.8259
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7107 2.7040
Korea Won 0.1781 0.1775
Oman Rial 518.2355 518.4257
Saudi Riyal 53.1885 53.2194
UAE Dirham 54.3173 54.3372
Source: Central Bank/Indicative
pts %
S&P SL20 2,838.96 0.22%
CSE All Share 7,188.09 0.59%
Turnover Rs million. 1,248,630
Source: CSE
Latest Last
3-m bill 5.04 5.03
6-m bill 5.09 5.09
12-m bill 5.15 5.15
5-yr bond 7.12 7.08
8-yr bond 7.71 7.70
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.65 4.65
Gilt Repo 4.68 4.67
I-m SLIBOR - -
Source: Central Bank/Indicative

NASA astronauts head for ISS on historic SpaceX flight

Two veteran NASA astronauts were headed for the International Space Station on Saturday after Elon Musk's SpaceX became ...

4 min read

US stocks sag on China tensions, Europe up, Oil at US$35

Wall Street stocks stumbled in late afternoon trading Thursday on rising tensions between Washington and Beijing, after ...

3 min read

10-pct of diabetics die within days of coronavirus hospitalisation, high BMI also risk: s...

One in 10 diabetics with coronavirus dies within seven days of hospital admission, according to a study of more than 1,3...

2 min read

Global Coronavirus: Europe lifts virus shutters as Japan ends emergency

Europeans flocked to parks, gyms and pools on Monday as more countries eased coronavirus restrictions, while Japan lifte...

5 min read

Coronavirus: latest global developments: South America new epicentre

South America has become "a new epicentre" of the pandemic, the World Health Organization (WHO) says, following a surge ...

3 min read

Asia virus latest: cyclone prompts infection fears; Korea football row over sex dolls

At least 88 people died as the fiercest cyclone to hit parts of Bangladesh and eastern India this century sent trees fly...

4 min read

Super cyclone leaves trail of destruction in Bangladesh, India

The most powerful cyclone to hit Bangladesh and eastern India in more than 20 years tore down homes, carried cars down f...

4 min read

Asian markets swing as uncertainty tempers reopenings

Asian markets fluctuated Thursday after rallying for much of the week, with any gains dragged by profit-taking while con...

3 min read

Lives not lost: Asia sees unexpected gains in virus lockdowns

Emergency workers usually busy attending accidents on Thailand's roads mill around ambulances parked at a service statio...

4 min read

Europe in 500 billion Euro fund, vaccine hopes, Brazil deaths rise

A half-trillion-euro European fund laid out by France and Germany sparked optimism Monday about fighting economic fallou...

5 min read

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