UK calls on Myanmar’s Suu Kyi to take personal interest in case of jailed Reuters reporters

Views - 1 Saturday, 12 January 2019 00:00

LONDON (Reuters): Britain on Friday called on Myanmar leader Aung San Suu Kyi to look at whether due process was followed in the case of two Reuters reporters sentenced to seven years in jail in Myanmar. A Myanmar court earlier on Friday rejected the

Taiwan appoints new premier after resignations over poll defeats

Views - 1 Saturday, 12 January 2019 00:00

TAIPEI (Reuters): Taiwan on Friday appointed the former chairman of its ruling pro-independence party as premier, after the incumbent resigned along with the entire cabinet, in response to local election defeats. November’s election losses presente

Baton-wielding Bangladesh police fire tear gas to break up garment pay clashes

Views - 1 Saturday, 12 January 2019 00:00

DHAKA (Reuters): Baton-wielding Bangladeshi police fired tear gas to break up thousands of garment workers demonstrating for higher wages for a fifth day on Thursday, forcing dozens of factories to close. The government of the world’s second bigges

Trump threatens to use emergency power to build wall, end shutdown

Views - 1 Saturday, 12 January 2019 00:00

MCALLEN, Texas/WASHINGTON (Reuters): Flanked by border agents who are going without paychecks during a government shutdown, US President Donald Trump threatened on Thursday to use emergency powers to bypass Congress to pay for a wall on the US-Mexico

Asia stocks crawl to 5-week high; yuan makes big weekly gains

Views - 3 Saturday, 12 January 2019 00:00

TOKYO (Reuters): Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to high

UK Govt. accepts plan-B demand if May’s deal is rejected

Views - 4 Friday, 11 January 2019 00:00

LONDON, REUTERS: The British Government will accept a demand by Parliament to set out its plan-B within days if Prime Minister Theresa May’s deal is rejected next week, Leader of the House of Commons Andrea Leadsom said yesterday. On Wednesday, Pa

Trump storms out of talks on shutdown, bemoans ‘total waste of time’

Views - 4 Friday, 11 January 2019 00:00

WASHINGTON (Reuters): US President Donald Trump stormed out of talks with Democratic congressional leaders on Wednesday over funding for a border wall with Mexico and reopening the government, complaining the meeting in the White House was “a total

India sets jobs quota for less well-off, critics see pre-vote ploy

Views - 2 Friday, 11 January 2019 00:00

NEW DELHI (Reuters): India’s Parliament passed a landmark bill on Wednesday reserving 10% of government jobs for people outside high income brackets, a move criticised by some as a pre-election gimmick amid high unemployment. Joblessness in the wor

Russia accuses Japan of distorting prospects for peace deal

Views - 3 Friday, 11 January 2019 00:00

MOSCOW (Reuters): Russia slapped down Japanese assertions that a deal was in the offing to resolve a decades-old dispute over a chain of islands, accusing Tokyo of distorting agreements struck with Moscow to break the deadlock. Japanese Prime Ministe

Iran will not comply with “illegal” US sanctions: Oil Minister

Views - 6 Friday, 11 January 2019 00:00

BAGHDAD, REUTERS: Iranian Oil Minister Bijan Zanganeh said yesterday that US sanctions against his country were “fully illegal” and Tehran would not comply with them. Zanganeh, speaking at a joint news conference in Baghdad with Iraqi Oil Minist

China to cut taxes, fees for manufacturers in 2019

Views - 3 Friday, 11 January 2019 00:00

BEIJING, REUTERS: China will cut taxes and fees for manufacturers in 2019 to support their sector, state television quoted the Industry Minister Miao Wei as saying yesterday. Leaders have pledged to cut taxes more aggressively this year to support a

Pakistan eyes investment pacts with Saudi Arabia, UAE

Views - 3 Friday, 11 January 2019 00:00

ISLAMABAD (Reuters): Pakistan expects to sign investment agreements with Saudi Arabia and the United Arab Emirates in the coming weeks, the Prime Minister’s office said, as Islamabad builds on its ties with states that have recently lent it billion

US services sector growth hits five-month low

Views - 7 Thursday, 10 January 2019 00:00

NEW YORK (Reuters): US services sector activity slowed to a five-month low in December, but remained above a level consistent with solid economic growth in the fourth quarter. The Institute for Supply Management said on Monday its non-manufacturing a

In Oval Office speech, Trump demands a wall but does not declare emergency

Views - 4 Thursday, 10 January 2019 00:00

WASHINGTON (Reuters): President Donald Trump urged Congress in a televised speech on Tuesday to give him $5.7 billion this year to help build a wall on the US border with Mexico but stopped short of declaring a national emergency to pay for the barri

Forget fantasy Brexit, UK tells lawmakers as crucial deal debate begins

Views - 4 Thursday, 10 January 2019 00:00

(LONDON), REUTERS: British Prime Minister Theresa May’s government cautioned lawmakers on Wednesday that it was a delusion to think that the government would be able to negotiate a new divorce deal with the European Union if parliament voted down h

Suspect packages sent to diplomatic missions in Australia

Views - 2 Thursday, 10 January 2019 00:00

(MELBOURNE), AFP: Australian police were investigating suspicious packages sent to more than a dozen foreign embassies and consulates in Melbourne and Canberra Wednesday, part of a seemingly orchestrated but scattershot campaign. Within the space of

Iran Minister says EU trade arrangement moving slowly, talking to India, China

Views - 4 Thursday, 10 January 2019 00:00

NEW DELHI (Reuters): Iran’s Foreign Minister said on Tuesday the European Union was moving more slower than expected in facilitating non-dollar trade with Tehran to circumvent US sanctions, forcing it to explore avenues with other nations. “We co

UN asks Australia to consider resettling Saudi teen who fled family

Views - 4 Thursday, 10 January 2019 00:00

SYDNEY/BANGKOK (Reuters): The United Nations has asked Australia to consider refugee resettlement for an 18-year-old Saudi woman who fled to Thailand saying she feared her family would kill her, the Australian government said on Wednesday. Rahaf Moha

India forecasts 7%-plus economic growth ahead of elections

Views - 8 Wednesday, 9 January 2019 00:00

NEW DELHI (Reuters): India forecast its economy will grow more than 7% in the current financial year ending in March, giving some relief to Prime Minister Narendra Modi who seeks a second term in national elections to be held by May. Annual economic

World Bank’s Kim abruptly resigns to join infrastructure firm

Views - 11 Wednesday, 9 January 2019 00:00

WASHINGTON (Reuters): World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development re

Tear gas, rubber bullets as Bangladesh garment workers strike

Views - 4 Wednesday, 9 January 2019 00:00

DHAKA (AFP): Bangladeshi police Tuesday fired rubber bullets and tear gas as thousands of striking workers in the South Asian country’s huge garment industry staged protests for a third day demanding wage hikes. Bangladesh’s 4,500 textile and cl

Trump, Modi discuss trade, Afghanistan: White House

Views - 4 Wednesday, 9 January 2019 00:00

WASHINGTON (Reuters): US President Donald Trump and Indian Prime Minister Narendra Modi discussed reducing the US trade deficit with India and increasing their cooperation in Afghanistan in a telephone call on Monday, the White House said. “The lea

North Korea leader visits China after warning of alternate path to US talks

Views - 3 Wednesday, 9 January 2019 00:00

BEIJING (Reuters): North Korean leader Kim Jong Un is visiting China at the invitation of Chinese President Xi Jinping, only days after warning he may take an alternative path if the United States does not ease sanctions and pressure on his isolated

Malaysia, Singapore agree to steps to curb air, sea tensions

Views - 5 Wednesday, 9 January 2019 00:00

SINGAPORE (Reuters): Malaysia and Singapore on Tuesday agreed to take steps to de-escalate air and maritime disputes, according to a joint statement issued by their foreign ministries. The measures include the simultaneous suspension of a restricted

Myanmar’s civilian, military leaders meet, vow to “crush” Rakhine rebels

Views - 4 Wednesday, 9 January 2019 00:00

YANGON (Reuters): Myanmar government leader Aung San Suu Kyi discussed insurgent attacks on Myanmar police on Monday in a rare meeting with the military chief, and her administration called for the armed forces to “crush” the rebels, a government

Indian scientists protest congress speakers discrediting works of Newton, Einstein

Views - 5 Wednesday, 9 January 2019 00:00

MUMBAI (Reuters): Indian scientists have protested about claims made at a local science conference that rubbish the work of some of the world’s greatest physicists and suggest modern breakthroughs such as in-vitro fertilisation were in fact invente

Oil rises on trade talks and supply cuts, but economic slowdown looms

Views - 5 Tuesday, 8 January 2019 00:00

SINGAPORE (Reuters): Oil prices rose by more than 1% on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market. Brent crude futures w

Pakistan says UAE’s financial assistance to shore up economy

Views - 4 Tuesday, 8 January 2019 00:00

ISLAMABAD (Reuters): A loan facility from the United Arab Emirates (UAE) will help cash-starved Pakistan bridge a yawning current account deficit and shore up foreign reserves, Pakistan’s chief government spokesman said on Monday. The UAE’s crown

Southeast Asia wary of China’s Belt and Road project, sceptical of US: Survey

Views - 4 Tuesday, 8 January 2019 00:00

SINGAPORE (Reuters): Southeast Asian countries should be cautious in negotiating with China on its flagship Belt and Road Initiative (BRI) to avoid being trapped in unsustainable debt, 70% of respondents said in a policy survey released on Monday. So

Thai activists protest as election faces delay

Views - 4 Monday, 7 January 2019 00:00

BANGKOK (Reuters): Dozens of Thai activists on Sunday protested against a possible delay of a National election set for next month, the first such gathering since the military Government lifted a ban on political activity imposed after a 2014 coup. T

Today's Columnists

New Year resolution: Attaining financial freedom in 2019!

Thursday, 24 January 2019

It is that time of the year when everyone, young and old is journaling their new-year resolutions, and reflecting on the past year. You might be disappointed if you are carrying forward a few resolutions from the past years. You could be thinking, wh

10-year challenge: Has Sri Lanka made progress in last decade to become financially-literate?

Thursday, 24 January 2019

The ’10-Year Challenge,’ Facebook’s latest social media phenomenon has taken the internet by a storm. People are posting a picture from 10 years ago alongside their current profile picture or some other photograph and the transformation through

Catwalk beyond 400 PPM – Consuming towards disaster!

Thursday, 24 January 2019

Catwalks sizzle! What’s on the catwalk – the skin, the silk, lycra parading endlessly broadcast to the world whatever new and popular in clothing and accessories and it also communicates desirable dimensions too in a not-too-subtle manner. Knowi

Rolling back big government – The next big challenge

Thursday, 24 January 2019

Preliminary estimates in the 2019 Budget to be presented on 5 March this year include an income of 2.5 trillion and a debt service requirements of a whopping 2.2 trillion, leaving only a net income of 0.3 trillion. As for expenditure, the Government

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