Next Warns of Slower UK Growth With Rising Employer Taxes
High street retailer Next has cautioned that its UK growth rate is expected to slow this year due to the impact of tax increases introduced in the Budget. The company attributed the slowdown to changes in national insurance contributions and other cost pressures, which it says will affect prices and employment across the economy. Despite […]
Cambodian Central Bank Opens Doors to Crypto
Cambodia’s central bank has given the green light for commercial banks and payment institutions to provide crypto-related services. This decision marks a shift from the previous ban on access to 16 crypto exchange platforms, such as Binance, Coinbase, and OKX.
Russia Adopts Bitcoin to Bypass Western Sanctions
Russia has started utilizing Bitcoin to circumvent Western sanctions, according to Finance Minister Anton Siluanov. In a recent television interview, Siluanov confirmed that the country is now leveraging cryptocurrency for international transactions under a newly enacted law. Last month, the Kremlin introduced an experimental legal framework for cryptocurrency miners, which includes a provision allowing authorized […]
Historical Day for Sri Lankan Stock Market
The Colombo Stock Exchange (CSE) witnessed a historic milestone today (24th) as the All Share Price Index (ASPI) surpassed the 15,000 mark at 10:24 a.m. By 11:15 a.m., the ASPI had climbed 212 points to reach 15,022.77, with the market turnover surpassing Rs. 3.84 billion.
Dollar Selling Price Drops to Rs. 297.62 Today
According to the daily exchange rate report from the Central Bank of Sri Lanka, the value of the US dollar has decreased against the Sri Lankan Rupee today (09). As of today, the buying price of the US dollar is recorded at Rs. 288.58, while the selling price is Rs. 297.62.
Sri Lanka Secures USD 200 Million from World Bank’s IDA for RESET Program Phase 2
The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program. The agreement was signed today (07) by K.M. Mahinda Siriwardana, Secretary to the Ministry of Finance, Economic […]
