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As banks embrace sophisticated financial products, making their risk profile more complex, those specialising in custodian and asset management, are most vulnerable to future operational risks, a top Central Bank official said Monday.As banks embrace sophisticated financial products, making their risk profile more complex, those specialising in custodian and asset management, are most vulnerable to […]
Rs. 2.3 bn Swedish grant for
The Swedish Govt. extended a 2003 development cooperation agreement with Sri Lanka, making a fresh grant of Rs. 2.3 bn available over 2006 and 2007.The Swedish Govt. extended a 2003 development cooperation agreement with Sri Lanka, making a fresh grant of Rs. 2.3 bn available over 2006 and 2007. The funding will fund peace initiatives, […]
Trade assistance to poorer countries increasing; WTO, OECD
Trade assistance to poorer countries from rich countries have increased over last four years, says WTO and OECD.Trade assistance to poorer countries from rich countries have increased over last four years, says WTO and OECD. Trade aid – technical assistance and capacity building to help poorer countries take part in international trade – went up […]
More blasts in Sri Lanka amid fresh peace moves
A powerful mine exploded just missing a police patrol on Monday after Japan offered to host talks between Sri Lanka and Tamil Tiger rebels to save their tottering truce, officials said.A powerful mine exploded just missing a police patrol on Monday after Japan offered to host talks between Sri Lanka and Tamil Tiger rebels to […]
Scary Budget…
Defense spending was hiked by a massive Rs. 25 billion from the levels proposed a month ago as top Generals said they are ready for war if pushed in to it.Defense spending was hiked by a massive Rs. 25 billion from the levels proposed a month ago as top Generals said they are ready for […]
Behind Budget Lines
How practical is a budget that seeks high defense spending and a big government? How practical is a budget that seeks high defense spending and a big government? International rating agencies, that gave Sri Lanka speculative grade ratings on Friday, also highlighted challenges facing the economy. Deterioration in the security situation, delays in the public […]
All at Sea
The Colombo port will run out of capacity in three years if new terminals are not ready according to a former port chairman.The Colombo port will run out of capacity in three years if new terminals are not ready according to a former port chairman. He said that running out of capacity will mean that […]
Tea trade takes a leaf from the famous Wine trails to make new revenue stream.
Tea trails, four refurbished colonial bungalows nestled in the tea decked hills of Bogavantalawa is attracting high end visitors from mostly UK. Tourists from UK who like to experience the kind of lifestyle their ancestors lived here during the British Raj are visiting these boutique bungalows and have added a new revenue stream to its […]
Sri Lanka irked over Norway comments on peace bid: report
Sri Lanka has expressed concern over Norway’s remarks that it would only resume the role of peace broker in a three-decade ethnic conflict if both sides agree to a set of conditions, a press report said Sunday. Sri Lanka has expressed concern over Norway’s remarks that it would only resume the role of peace broker […]
Japan offers to host talks to save Sri Lanka truce
Japanese peace envoy Yasushi Akashi Sunday invited Sri Lanka and Tamil Tiger rebels to meet in Japan for talks to save their ceasefire, which is threatened with collapse after 34 people were killed in fresh violence.Japanese peace envoy Yasushi Akashi Sunday invited Sri Lanka and Tamil Tiger rebels to meet in Japan for talks to […]