Business

Several new asset classes categorised to support liquidity positions of banks

The Central Bank (CB) has categorised several new assets held by the banking sector as liquid assets, in considering the…

5 years ago

Union Bank undertakes to infuse fresh capital if UB Finance fails to court outside investor

Company slapped with deposit and lending caps as capital remains well under regulatory minimum  UB Finance Limited (UBF) has yet…

5 years ago

Coronavirus exerts pressure on Lankan banks’ ratings

Fitch Ratings cuts ratings of three banks on sovereign downgrade Says operating conditions for banks becoming increasingly more challenging Fitch expects Sri…

5 years ago

Stocks advance as virus restrictions are eased

(Hong Kong) AFP: Most equities rose again yesterday as investors grew increasingly, but cautiously, hopeful that the worst of the…

5 years ago

Hambantota Port’s tank farm fully operational

HIP’s tank farm and berth refurbished to int’l standards along with Litro GasPlanning to become regional logistics hub in addition…

5 years ago

SriLankan launches dedicated cargo flights to rescue export industries

Launches dedicated cargo flights to Europe, Middle East, Far East, Indian SubcontinentTo commence 27 dedicated cargo flights per week out…

5 years ago

Sri Lanka ranked among emerging economies worst hit by COVID-19

Sri Lanka is among the worst-affected emerging economies by the COVID-19 pandemic, according to a ranking published by the international…

5 years ago

Equities tumble as Trump revives trade war fears

(Hong Kong) AFP: Stock markets suffered steep losses yesterday, tracking a selloff in New York after Donald Trump sparked fears…

5 years ago

April inflation subdued over base effect

Census Dept. staff resorts to online collection of prices as pandemic paralyses fieldwork Core prices of economy measured barring the often-volatile…

5 years ago

China’s grand e-currency experiment set to begin this month

WION: China has claimed that the country is rolling out its digital currency in four cities starting next week.Owing to…

5 years ago