CBSL holds policy interest rates at current levels.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively. The decision was taken a…

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Japan inflation jumps to new 41-year high.

Japan's inflation rate has jumped to a fresh 41-year high as businesses pass on higher costs to their customers. Core consumer prices for last month rose by 4% from a year earlier, double the Bank of Japan's (BOJ) target level. It puts further pressure on the central …

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International Tourism Fair FITUR 2023.

FITUR is the global meeting point for tourism professionals and the leading trade fair for inbound and outbound markets in Latin America. FITUR is the second most important tourism fair in the world. Around 10,000 national and international companies take part in each editi…

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UK Treasury considers plan for digital pound.

The government is considering introducing a "digital pound", the economic secretary to the Treasury has told MPs. The UK was committed to becoming a world of crypto hub, Andrew Griffith said. Stablecoins are designed to have a predictable value linked to traditional…

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Pakistan is South Asia’s Weakest Economy.

World Bank forecast Pakistan’s economic growth to slow further to two percent during the current year. This will mark a drop of two percentage points from its June 2022 estimates, according to the World Bank’s Global Economic Prospects report. The report said that Pakistan’…

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Amazon back as world's most valued brand.

Amazon has reclaimed the top spot as the world’s most valuable brand despite its brand value falling 15 per cent this year from $350.3 billion to $299.3 billion, said a new report. According to brand valuation consultancy Brand Finance’s report, “Global 500 2023” , while Amaz…

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Twitter's bird statue sells for $100,000 at auction.

An auction for hundreds of items at Twitter's San Francisco HQ has just ended. A statue of the platform's famous bird logo has claimed the most expensive item sold, coming in at $100,000 (£81,000). Viewers online noted that some of the used items were no bargain, as t…

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Clare Lombardelli appointed as OECD Chief Economist.

Chief Economic Adviser to the Treasury, Clare Lombardelli, has been appointed as the new Organisation for Economic Co-operation and Development (OECD)  Chief Economist – the first time a British person has held this role in thirty years. As OECD Chief Economist, Clare will b…

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Richest actors in the world 2023

Bollywood actor Shah Rukh Khan with his more than three decades of work in the film industry has garnered millions of fans all over the world and an estimated net worth of ₹627 million ($770 million), making him the richest actor in Asia and fourth richest actor all over th…

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World Economic Forum 53rd edition to start at Davos, Switzerland.

Today marks the start of the 53rd World Economic Forum (WEF) in Davos, Switzerland. The meeting will go on through January 20. The WEF meeting’s 2018 theme is “Cooperation in a Fragmented World.” The gathering of professionals, academics, investors, and political and commer…

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Jason Moo appointed as CEO of Bank of Singapore.

Bank of Singapore (BOS), the private banking arm of Oversea-Chinese Banking Corporation (OCBC), announced that it has appointed Jason Moo as its new CEO. BoS’s announcement comes after Bloomberg’s article on Dec 26, 2022. Moo will succeed Bahren Shaari officially from March…

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Elon Musk becomes first person ever to lose $200 billion.

Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has now achieved a first of his own: becoming the only person in history to e…

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EU adopts global minimum 15% tax on big business.

The European Union has adopted a plan for a global minimum 15% tax on big business. Leaders gave their final approvals on Thursday after months of political wrangling. The landmark deal between nearly 140 countries aims to stop governments racing to cut taxes in a bid to attr…

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Elon Musk no longer world's richest man.

Elon Musk is no longer the world's richest man after a sharp drop in the value of his shares in electric car company Tesla this year. According to both Forbes and Bloomberg, Mr Musk has been overtaken at the top spot by Bernard Arnault, the chief executive of luxury good…

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Luxury passenger cruise ship “Mein Schiff 5” arrives at Colombo Port.

The luxury passenger cruise ship "Mein Schiff 5" has arrived at the Colombo Port this morning (Nov. 29) with 2,000 tourists on board, the Ministry of Tourism said. The Hapag Lloyd Lanka, a joint venture between Aitken Spence PLC and TUI has ushered in the super lux…

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Amazon becomes world’s first Public Company to lose $1 trillion in Market Value.

Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year.  Shares in the e-commerce…

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Day of Eight Billion

On 15 November 2022, the world’s population is projected to reach 8 billion people, a milestone in human development. This unprecedented growth is due to the gradual increase in human lifespan owing to improvements in public health, nutrition, personal hygiene and medicine.…

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World’s Best Employers 2022

Forbes has compiled sixth annual World’s Best Employers in partnership with market research company Statista. To compile this ranking, Statista surveyed 150,000 full-time and part-time workers from 57 countries working for multinational companies and institutions to determi…

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Mercedes-Benz becomes latest Western company to pull out of Russia.

Mercedes has become the latest Western company to pull out of Russia, following the invasion of Ukraine in February. The German-based firm stopped manufacturing in and exporting to the country in early March. But now it says it will withdraw from the Russian market and sell s…

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Elon Musk dissolves Twitter Board & becomes the Sole Director.

Elon Musk dissolved Twitter's board and became the sole director of the company. Having his own vision of what the platform should become, he is best able to make decisions related to this. Last Thursday (27), Elon Musk officially completed the Twitter takeover and becam…

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