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[…]The post New Year Questions & Dilemmas appeared first on Colombo Telegraph.
[…]The post Prospects For Global Capitalism: 2023 & After appeared first on Colombo Telegraph.
Uncertainty facing the global economy next year will exacerbate challenges at home for China, economists in Beijing say, while urging swift support to help counter external headwinds. As the risk of global recession looms, China should stay alert to turbulence in international markets and the potential of another financial crisis, said former vice-finance minister Zhu […]
[…]The post Amnesty, Purpose, Effect & Fairness appeared first on Colombo Telegraph.
[…]The post Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth World appeared first on Colombo Telegraph.
Kanrich Finance today shot down concerns over the stability of the company which arose after the Central Bank of Sri Lanka said it had directed the company to settle its public liabilities in full. Issuing a clarification, Kanrich Finance said that as part of the Consolidation Master Plan of the Central Bank of Sri Lanka, […]
The United Nations (UN) has secured USD 101.5 million for Sri Lanka through a humanitarian appeal. The UN said the funds will be provided to 3.4 million of the most vulnerable people in Sri Lanka. “Delighted to announce that today, a milestone has been achieved. UN HNP appeal reached $101.5 m thanks to the generous […]
USD 4 mn available to stabilize food sector Against the backdrop of the country’s continuing financial crisis, the US has teamed with premier blue chip, John Keells Holdings, and the Hatton National Bank (HNB) to lend money to micro, small, and medium-sized enterprises (MSMEs) in the food sector. The US Embassy, in a statement dated […]
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
The Central Bank of Sri Lanka has directed Kanrich Finance Limited (KFL) to settle its public liabilities in full within the period from 26.12.2022 to 28.02.2023 due to continuous capital deficiencies faced by KFL. The Monetary Board of the Central Bank of Sri Lanka, as a measure to strengthen the Non-Bank Financial Institutions Sector under […]
The Central Bank of Sri Lanka (CBSL) has directed Kanrich Finance Limited (KFL) to settle its public liabilities in full, by the end of February 2023.
As per projections released by the United Nations, China’s working-age population, defined as those aged between 15 and 64, will start declining rapidly in the 2030s and will shrink by more than 60 per cent to 378 million by the end of the century, according to The Star, a Malaysia-based publication. The country’s working-age population declined […]
Indian Prime Minister Narendra Modi’s mother Heeraben Modi has died at the age of 99. She had been admitted to hospital in the western state of Gujarat, where she lived, after her health deteriorated. “A glorious century rests at the feet of God,” Mr Modi tweeted. He had flown from Delhi to visit her at […]
Jagoda stands by accusations By Shamindra Ferdinando Health Minister Keheliya Rambukwella has revealed that in respect of funds that had been made available by the Asian Development Bank (ADB) to procure urgently needed medicine, the entire procurement process was handled by that organisation. The disclosure was made at a hastily arranged media briefing on Wednesday […]
An estimated 5.7 million people (26 per cent of the population) or more are now in need of humanitarian assistance, with at least 4.9 million (22 per cent) being food insecure, a situation report by International Federation of Red Cross And Red Crescent Societies (IFRC) said. The report issued on December 28 said the current […]
[…]The post 10 Tips for Comparing Online Casinos appeared first on Colombo Telegraph.
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
[…]The post Kayleigh Fraser Versus Justice Priyantha Jayawardena, Controller Of Immigration & Attorney General appeared first on Colombo Telegraph.
The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022.
by Sanath Nanayakkare Making an interesting bet on the cost of borrowing money by entrepreneurs and businesses, Supul Wijesinghe, CEO of SMB Finance predicted a fall in interest rates in 2023 or in the foreseeable future. “Interest rates should come down next year or in the foreseeable future as a result of the measures being […]
The Monetary Board of the Central Bank of Sri Lanka has decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022. Accordingly, SFSP is not permitted to engage in Finance […]
The functions of Human Resources (HR) departments have grown more complex over time as organizations have realized the true value of human capital. A leader in the banking and financial services space, and a pioneer in sustainable finance, DFCC Bank is also a leader in the space for People Management best practices. Understanding how People […]
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), effective from today (28 Dec.)
Only those who could survive this crisis are the ones who could make earnings in foreign currency, Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe recently said.The post Businesses with dollar income sources will only survive this crisis – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Wednesday 28th December, 2022 Reports that the Election Commission will have to hold the local government elections soon have upset government politicians beyond measure; they are delivering jeremiads against what they call unnecessary state expenditure amidst an economic crisis. Claiming that the mini polls will cost the country Rs. 10 billion, they would have the […]
The World Bank Food Security Update has revealed that domestic food price inflation continues to remain high in almost all low- and middle-income countries and high-income countries.
[…]The post Where Are We Heading In 2023? appeared first on Colombo Telegraph.
Sri Lanka was ranked 7th among the 10 countries with the highest food price inflation in the world, the latest World Bank assessment said.The post Sri Lanka still among 10 countries with highest food price inflation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s most digitally–savvy bank HNB PLC recently took home the Gold Award for Best Search Engine Optimisation/Search Engine Marketing and the Silver for the Best Use of Experiential Digital Marketing at the SLIM DIGIs 2.2 Awards. Hosted by the Sri Lanka Institute of Marketing (SLIM), the awards recognise the most innovative, impactful and unique […]