Faizal Salieh appointed as new SEC Chairman.

The Securities and Exchange Commission of Sri Lanka (SEC) announced that Faizal Salieh assumed duties as the Chairman of the SEC on February 20 2023. Salieh is currently the Chairman of the Sri Lanka Institute of Directors, which is committed to empowering Directors from bot…

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Experts predict that the Shiba Inu will be worth $10.

Shiba Inu is a popular Dog themed coin gaining popularity in the market. The coin began as just a joke and gradually proclaimed to me more than a joke. Since the launch, the Shiba Inu coin price has experienced major evolution. Though the coin had very limited popularity at…

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Adani invests $442 million in cash-strapped Sri Lanka.

In a boost to the embattled Adani Group, Sri Lanka's Board of Investment on Wednesday approved the commissioning of two wind power plants by Adani Green Energy Limited for a total of $442 million. This will be crisis-hit island nation's first major foreign investmen…

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UK supermarkets face tomato shortages.

Supplies of some fruit and vegetables, including tomatoes, to UK supermarkets have been disrupted by poor weather in Europe and Africa. The British Retail Consortium (BRC) said that harvests had been hit by "difficult weather conditions". Numerous pictures of empty …

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ASPI records massive gain in Colombo Stock Exchange (CSE).

The All Share Price Index (ASPI) of the Colombo Stock Exchange has recorded a massive gain of 233.97 points to close at 9,082.33 points at the end of trading today (Feb. 20). This is an increase of 2.64 percent. According to reports, the massive gain was recorded as a result…

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Anger and chaos formed outside banks in Nigera.

People in Nigeria have taken to sleeping outside banks. They want to be among the first in line to get notes from the cash machine once it is loaded up in the morning. A lack of newly designed naira notes has led to a cash shortage and a growing sense of anxiety among those …

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YouTube appoints Web3-friendly exec as new CEO.

Google-owned YouTube has appointed Web3-friendly exec Neal Mohan as its new CEO following the departure of Susan Wojcicki this week. Wojcicki stepped down from YouTube on Feb. 16 after nine years at the helm, outlining plans to start a “new chapter” focused on family, health…

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Air India in record order for new planes

Air India has ordered 470 new aircraft - a record for the aviation industry - as the carrier pushes to become bigger global player. Chairman N Chandrasekaran said the airline had its sights set on becoming "a world-class proposition". He said the orders from Europe&…

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World Bank President David Malpass to step down early.

World Bank President David Malpass plans to step down a year before his term is set to end, the organization announced Wednesday (15). Malpass will leave his position on June 30, the end of the World Bank’s fiscal year, after serving more than four years in the role. The Worl…

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Sri Lanka, India to sign power grid linking pact within two months.

Sri Lanka and India will sign a pact to link their power grids and start negotiations on an upgraded trade agreement within two months, a Sri Lankan diplomat said on Wednesday (15), as the island nation seeks a way out of its worst economic crisis in decades. India has provi…

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Russian Arms supplies to India worth $13 bn in past 5 years.

Russian state news agencies reported that India received arms worth around $13 billion from Russia in the past five years. Moreover, New Delhi has further placed orders with Moscow for weapons and military equipment exceeding $10 billion. India accounts for around 20 percent…

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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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