The banking sector showed mixed signals with deposits increasing by Rs. 348 billion or 18.5% year on year (y.o.y.) last year, while loans and advances contracted by Rs. 65 billion or by 4%, a banker said. Nations Trust Bank PLC (NTB) Director/Chief Executive officer Saliya Rajakaruna in his review of the bank’s performance attributed those to [...]
Vice President Kamala Harris has said that the United States will increase investment in Africa and help spur economic growth as she began a week-long tour of the continent aimed at countering the influence of rivals Russia and China. China has invested heavily in Africa in recent decades, including in infrastructure and resource development, while […]
In what was another incredible run fest at Centurion, South Africa brushed aside West Indies by six-wickets with a record-breaking run chase in the second T20I on Sunday (March 26). Set an unrealistic target of 259 on a perfect batting surface with short boundaries, South Africa’s openers made a mockery of the assignment, racking up […]
Mumbai Indians were crowned the inaugural champions of the Women’s Premier League after a tense, low-scoring final at the Cricket Club of India in Mumbai. In a nervy title clash between the two best teams of the competition, it was the experience of Nat Sciver-Brunt that helped Mumbai get across the line, the star all-rounder […]
[…]The post IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory appeared first on Colombo Telegraph.
Sri Lanka is having regular consultations with the US with regards to the Hambantota Port as well as dealings with the Chinese, President Ranil Wickremesinghe said. He also dismissed fears that the Hambantota Port will be used by China for military purposes. “The Chinese don’t own the port. We own the port, but we have […]
The Indo-Lanka Free Trade Agreement (FTA) is to be upgraded to an Economic and Technology Co-operation Agreement (ECTA). President Ranil Wickremesinghe said that ECTA is essential as India is going to be the next growth center and will trigger off growth in South Asia. “We are just 22 miles away and we have to work […]
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