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Short-Term vs. Long-Term Loans

By Sanath Nanayakkare No country in the world could give Sri Lanka direct financing assistance after we became a bankrupt country, but they chose to give us multiple aid under different headings that translated into crucial help to the real economy, President Ranil Wickremesinghe said in Colombo on Tuesday. Speaking at the Tax Forum organized […]

By Hiran H.Senewiratne The Sri Lankan real estate business at this juncture is not viable due to the new tax system and high inflation. These factors have compelled these businesses to shift into other sectors, such as the hotel and leisure industry, chairperson, Natwal Parikh Group Rohan Parikh said. ” Due to the rupee depreciation, […]

BBC reported that United States President Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Ajay Banga led credit card giant Mastercard for more than a decade and […]

Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]