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A fake report about a new cyber heist in Bangladesh Bank (BB) has hit news headlines in some media outlets in Bangladesh and some foreign countries. News coverage about the latest false rumour on cyber heist blames officials of the central bank of Bangladesh and aims to malign the Bangladesh government. It may be recalled […]
[…]The post Demystification Of The Black Box Involving Money Creation By C.A. Abeysinghe appeared first on Colombo Telegraph.
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]
Sri Lanka has a series of so-called 'low hanging fruits' which can be sold down
Gross Financing Need projected to be over 30-pct of GDP without re-structuring
"But this time, because of this special situation that money can be used to finance the fiscal deficit as well."
[…]The post War On China? – V: A “Carnival” Of Quads appeared first on Colombo Telegraph.
It is through open market operations that money is printed to mis-target interest rates
The central bank is now borrowing mainly through the ACU
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
[…] The post Why Yuan Can’t Replace Dollar As The Global Currency appeared first on Colombo Telegraph.
[…] The post Why Yuan Can’t Replace Dollar As The Global Currency appeared first on Colombo Telegraph.
[…] The post Why Yuan Can’t Replace Dollar As The Global Currency appeared first on Colombo Telegraph.
UNP MP Dr. Harsha De Silva yesterday warned that a clear trend of the fallout from the gambling of public money had emerged with the latest ruling from a London Court hot on the heels of losses suffered from equity market and European junk bond deals. “The London Court ruling is a further confirmation of ...
The IMF’s recently released Asia and Pacific Regional Economic Outlook (REO) shows the region continuing to lead global growth and expected to gain momentum over the course of 2012. This forecast, however, remains subject to downside risks related to the global economy, including the possibilities of a sharp fall in exports to advanced economies and ...
Cabraal says that reserves were built to weather demanding situation, calls on the non-banking sector to seek funds from capital markets and wants it to target 70% of GDP by 2016 By Uditha Jayasinghe Central Bank Governor Ajith Nivard Cabraal yesterday defended declining reserves, insisting that they were built up to be used in times ...
MP charges that Government is focusing only on physical infrastructure and adopting a top-down development approach instead of a more inclusive and participatory humane political futureUnited National Party Parliamentarian Eran Wickramaratne asserts that the Government is depleting the resources of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...
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