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The country currently confronts a worsening economic crisis and the debt accumulation exceeds the annual household income, Minister Patali Champika Ranawaka said. The Minister made the observation while addressing an event held in Colombo, today morning.
He pointed out that the impact will escalate in near future,....Read More
Posted on 31 Jul 2014 7:36 AM
The Bank of Ceylon is prepared to issue another dollar bond and obtain foreign loans at any given time and the bank is inquiring into this, says Bank of Ceylon Chief Executive Officer D.M. Gunasekera.
He told adaderanabiz that since the banks liquidity is very high at the moment it would not issue any dollar bonds....Read More
Posted on 31 Jul 2014 7:34 AM
In a giant step to internationalise the investment industry in Sri Lanka, which has thus far been restricted to rupee investments, the Securities & Exchange Commission (SEC) licensed the country‚Äôs first ever dollar denominated unit trust with the approval of the Central Bank of Sri Lanka and the Ministry of Finance.....Read More
Posted on 31 Jul 2014 7:35 AM
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