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Lanka economy recovers in Q1 but faces slump after April bombings
Reuters . Colombo | Updated at 12:10am on June 21, 2019
Sri Lanka’s economy grew at its fastest pace in nearly a year from January to March, before the Easter Sunday bomb attacks on April 21...
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Fall armyworm invades crops across Asia, Bangladesh also hit
Reuters . Ban Nong Tor, Thailand/Singapore | Updated at 12:10am on June 21, 2019
Looking out at his empty, red-earth field, Thai farmer Puang Timdon said his two-week-old maize crop didn’t stand a chance against the fall armyworm pest....
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Activists urge Google to break up before regulators force it to
Reuters . San Francisco | Updated at 12:00am on June 20, 2019
Shareholder activists want Google parent Alphabet Inc to break itself up before regulators force the world’s biggest internet ad seller to split into different pieces.SumOfUs,...
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In India, all eyes on a monsoon that is critical for the economy
Reuters . Mumbai | Updated at 12:00am on June 20, 2019
India’s monsoon has progressed more slowly than usual after hitting Kerala nearly a week late. Monsoon rains have been 44 per cent lower-than-average so far...
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Apple explores moving 15-30pc of production capacity from China
Reuters | Updated at 12:00am on June 20, 2019
Apple Inc has asked its major suppliers to assess the cost implications of moving 15 per cent-30 per cent of their production capacity from China...
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Facebook’s cryptocurrency ambitions face privacy concerns, political backlash
Reuters . San Francisco | Updated at 12:00am on June 20, 2019
Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that...
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New tax to affect competitiveness of e-com sector, says BASIS
Staff Correspondent | Updated at 12:00am on June 20, 2019
The country’s e-commerce business would lose its competitiveness due to the imposition of 7.5 per cent value-added tax, said leaders of Bangladesh Association of Software...
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BTMA urges govt to scrap 5pc tax on yarn, machinery
Staff Correspondent | Updated at 12:00am on June 20, 2019
The Bangladesh Textile Mills Association on Wednesday demanded that the government scrap the 5 per cent advance tax on textile machinery and raw materials and...
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World Bank lends $918m for Pakistan tax reforms
Reuters | Updated at 12:00am on June 19, 2019
Pakistan and the World Bank signed on Tuesday a $918 million loan agreement to support the economy, reform the tax system and broaden the revenue...
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Uber threatens to withdraw from Austria
Reuters . Vienna | Updated at 12:00am on June 19, 2019
US-based ride-hailing service Uber Technologies Inc threatened on Tuesday to withdraw from Austria if a new law that would subject it to the same price...
Friday, June 21, 2019
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