People’s participation in the development process would help build solid infrastructure facilities which would last for generations, said Minister Basil Rajapaksa.

The Central Bank of Sri Lanka has the authority to resort to legal action if commercial banks do not further reduce their interest rates in line with the stipulated rates, said the Central Bank Governor Ajith Nivard Cabraal.

Modi mania is taking hold across global markets. Financial professionals are now more bullish on India relative to the largest emerging markets than at any point in the past five years after Narendra Modi scored the biggest election victory in three decades, giving him a mandate to revive economic growth as Prime Minister.

West Texas Intermediate and Brent crude headed for the first weekly gain in a month after a Malaysian Air passenger jet was shot down in Ukraine and Israel sent ground forces into the Gaza Strip a Global Business Reports says quoting Bloomberg.