Colombo, April 24 (newsin.asia) – Shares at the Colombo Stock Exchange ended 0.13 percent lower amid lackluster market turnover on Tuesday. The All Share Price Index ended 6,516.71, down by 8.46 points. Sampath Bank PLC, Commercial Bank of Ceylon PLC and Sanasa Development Bank Limited led activity levels with trading in Sampath Bank PLC amounting […]
China is the single largest exporter to the Maldives, accounting for 28% of the Maldives’ imports in March 2018, according to the customs authorities.Neighboring India rested in the third spot with a total contribution worth of 11% of total goods imported during the said month.
Colombo, April 24 (newsin.asia) – The following are the foreign exchange rates against the Sri Lankan rupee released by the Central Bank of Sri Lanka on Tuesday. Buying Selling Australian Dollar 116.72 121.83 Canadian Dollar 119.89 124.54 Chinese Yuan (Renminbi) 24.25 25.43 Euro 187.96 194.80 Japanese Yen 1.4173 […]
Colombo, April 19 (newsin.asia) – The following are the foreign exchange rates against the Sri Lankan rupee released by the Central Bank of Sri Lanka on Thursday. Buying Selling Australian Dollar 118.80 123.96 Canadian Dollar 121.30 125.99 Chinese Yuan (Renminbi) 24.31 25.49 Euro 189.79 196.67 Japanese Yen 1.4292 […]
Colombo, April 20 – eChannelling, an online medical appointment business that was Sri Lanka’s first listed dotcom, has extended its value added services to offer local video consultations and provide drug delivery. The company, controlled by mobile phone firm Mobitel, a unit of Sri Lanka Telecom, has also added more hospitals to its online service. […]
Pakistan is gradually reducing its dependence on American military technology and China is filling the gap, says a Financial Times report, which also warns that this shift will have geo-political repercussions as well.
A top US admiral has warned Congress against imposing any sanctions on countries like India and Indonesia for purchasing defense equipment from Russia, saying any such move would pose a concern for America’s defense ties in the Indo-Pacific and increase its partners’ dependence on Moscow.
Riding on the twin successes of the controversy-ridden Padmaavat and smaller offerings such as Raid and Hichki, Bollywood’s earnings at Rs1,103 crore for the first quarter of 2018 registered an impressive 42% growth over the first quarter of 2017. And this without any film featuring the three Khans, Shah Rukh, Aamir and Salman.
Li Ruogu, the former head of one of China’s main lenders for projects related to the “Belt and Road” initiative has issued a rare warning about the dangers of investing in many countries involved in the program. Most of these countries are not credit worthy and may not be able to returns the loans he said.
Foreign workers in Bangladesh, repatriate per year US$ 2 bn officially, US$ 3.8 billion unofficially
Foreign workers and personnel in Bangladesh formally remit about US$ 2 billion or Taka 165 billion a year, according to Pew Research Center. But according to an unofficial estimate made by the Bangladesh Enterprise Institute President Farooq Sobhan, Indian nationals alone take home Tk 320 billion or US$ 3.8 billion annually.