Blackstone plans to double its investments in India to $100 billion within five years, with chief operating officer Jonathan Gray describing the country as the firm’s best-performing market and expressing confidence in
AstraZeneca has admitted for the first time in court documents that its Covid vaccine can cause a rare side effect, in an apparent about-turn that could pave the way for a multi-million
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By about 2030, 6G will be commercially available in areas where infrastructure conditions are met, including China, according to panelists at a Saturday forum on 6G innovation and development, which ran parallel
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In a significant move aimed at revitalizing the operations of the Chinese-built Mattala Rajapaksa International Airport, the Sri Lankan Cabinet has greenlit the transfer of management rights to two prominent entities from
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In a revelation today (26), Sri Lanka’s banking sector has been plunged into chaos as reports emerge of a sophisticated cyber fraud operation targeting online banking customers. The situation, as described by
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We have over the past few days been busy finding out what we know so far about Israel’s strike on Isfahan, Iran; or about whether the “Boats Bill” of Rwanda repatriation, will
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The International Monetary Fund (IMF)’s fiscal chief has warned that fiscal expansion is dominating the political discourse in the biggest-ever election year, calling for a durable and credible fiscal tightening to safeguard
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Hong Kong International Airport (HKIA) has retained its position as the world’s busiest cargo airport in 2023 in terms of total cargo volume, the 13th time since 2010, provisional figures released by
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Amidst the challenges of rising import costs and dwindling foreign reserves, Bangladesh’s recent move to adopt the Chinese currency for bilateral trade with China is a bold and strategic step. The inclusion
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Around 75,000 Sri Lankans have left their country for overseas jobs in the first three months of 2024, the Sri Lanka Bureau of Foreign Employment (SLBFE) said Thursday. The SLBFE said 74,499
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China matters a lot for the rest of Asia, given its pivotal role in global manufacturing and innovation, a business leader has said. Home to the world’s leading regional trade agreements such
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Sri Lankan ports are witnessing a remarkable surge in bunker demand, driven by ongoing global navigation challenges, particularly in the Red Sea region. This uptick in demand comes as ships reroute their
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The International Monetary Fund (IMF) announced on March 21, 2024, that it has reached a staff-level agreement with Sri Lanka regarding the next phase of financial assistance, granting access to $337 million
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India’s foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars during the week ended March 15, the country’s central bank has reported. This was the fourth straight week with
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by Albert Silva In the grand theatre of geopolitical manoeuvring, Sri Lanka has often found itself cast as the hapless protagonist, stumbling through acts of history with all the grace of a
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Following a period of intensive negotiations, Pakistan and the International Monetary Fund (IMF) successfully reached a staff-level agreement on Wednesday. This agreement signifies a critical milestone for Pakistan, marking the culmination of
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