U.S. President Donald Trump and his Chinese Counterpart Xi Jinping have agreed that the Strait of Hormuz must stay open for the free flow of energy, according to a White House readout of the summit.Both sides agreed that Iran can never have a nuclear weapon, one of the key sticking points between Te...

China’s Xinhua news agency reported that Chinese President Xi Jinping has said that the “Taiwan question is the most important issue in China-US relations” during his talks with Trump.If the issue is handled “properly”, both the US and China could enjoy a stable relationship, Xi said. Otherwise, “th...

COLOMBO (News 1st): Marking a new chapter in Sri Lanka’s tourism industry, a historic Memorandum of Understanding was signed today (May 13) between the Maharaja Media Network and Macau’s state broadcaster, TDM Media (Teledifusão de Macau).The partnership primarily aims to boost tourist arrivals to S...

Days after Indian Prime Minister Narendra Modi urged citizens to avoid buying gold for a year, the government followed through with a hard policy move: it raised the effective import duty on gold and silver from 6% to 15%From May 13, gold now attracts 10% Basic Customs Duty (BCD) and 5% Agriculture ...

COLOMBO (News 1st): Colombo Additional Magistrate, Lahiru Silva, ordered today the remanding of two individuals who appeared in court to provide bail on behalf of former SriLankan Airlines Chief Executive Officer Kapila Chandrasena, who was released on bail yesterday after being held in remand custo...