Colombo (News 1st) - The billion-dollar battle for control of the K-Pop industry appears to have ended as HYBE announced that it was ending its bid to buy a large stake in SM Entertainment, the largest agency in K-Pop, which internet giant Kakao has made a massive counteroffer that is clearly m...

COLOMBO (News 1st) - The Election Commission stated that it has sent a letter to President Ranil Wickramasinghe requesting that the necessary funds to conduct the local government election be provided. The Election Commission further mentioned that the letter was sent to the President who is also ...

  Verified Colombo ( News 1st ) - Goldman Sachs' ex-banker, Roger Ng, has been sentenced to 10 years in prison after being found guilty of helping embezzle billions from Malaysia's 1MDB sovereign wealth fund. Ng, the former head of investment banking in Malaysia, was convicted of aid...

  Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions. “We are optimistic that Sri ...

Colombo (News 1st) - The U.S. government on Tuesday moved court to block the $3.8 billion acquisition of Spirit Airlines by JetBlue Airways on the grounds that consolidation of any industry by a few dominant players is unhealthy for a free economy, U.S. media reported. Spirit Airlines had agreed to...