Sri Lanka’s fiscal situation has been facing turmoil since the global financial crisis of 2008 as well as the 26-year-long civil war that ended in 2009, draining the country of valuable resources over the years. The present economic breakdown is a result of various political missteps, which cascaded into the collapse of the political administration […]Continue Reading
“NO WORK LEFT” Many of the flood-displaced in southern Sindh province have sought shelter in urban centres, including tens of thousands recorded at relief camps and many more in the homes of relatives or rental properties. With homes and livelihoods washed away, some are expected to abandon their rural lives,Continue Reading
The national team’s only Aboriginal player has been “thrown under the bus” for speaking up, critics say.Continue Reading
COLOMBO: Sri Lanka’s parliament voted Friday (Oct 21) in order to curtail the capabilities of the president, a partial concession towards the protest movement that will forced the island nation’s former mind of state into exile. An unprecedented economic downturn this year fuelled intensive public anger, with all the governmentContinue Reading
Lenders to the office tower appointed receiver Alvarez and Marsal in September to seize the asset, filings at Hong Kong’s Companies Registry and Land Registry showed, as the world’s most indebted developer struggles to emerge from its debt crisis. The tower had been pledged for a HK$7.6 billion loan fromContinue Reading
The new code of conduct aims to protect consumers against over-indebtedness amid a growing BNPL industry.Continue Reading
The proportion of non-performing mortgages among financial institution loans has remained low at 0.3 per cent.Continue Reading
After the economic collapse of Sri Lanka, efforts are under way to pull the country out of its unprecedented condition. Sri Lanka’s foreign-exchange reserves dipped to US$1.716 billion in August 2022 compared with $1.817 billion in the previous month. The governor of the Central Bank of Sri Lanka (CBSL), Nandalal Weerasinghe, said the nation must […]Continue Reading
Solutions feature highly accurate, reliable multimodal biometrics authentication
To be deployed at immigration checkpoints to enable smooth passenger experiences NEC Corporation of Malaysia has been awarded the sub-contract for the implementation of its automated biometric identification system (NEC ABIS) and border control solution (e-Gate) by the main contractor for the National Integrated…Continue Reading
While Joe Biden is trying to calm concerns about recession and Christine Lagarde is scaring markets with quantitative easing (QE), the central banks of South Korea and Japan are pleasing investors in their own way. Starting with the “Land of the Rising Sun,” despite Japan’s 2.84 trillion yen (US$19.7 billion) intervention in the foreign-exchange market in the […]Continue Reading