BUSINESS

Downgrades and its impact on banks

The Daily FT reported on Monday that Fitch Ratings had downgraded Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC', from...

SL Airlines union alliance join hands to save national carrier

In the wake of the government’s decision to restructure the loss-making national carrier, the nine main unions representing the employees of, SriLankan Airlines, have...

Are ministers and CB Governor misleading citizens and even their superiors?

At this challenging time for Sri Lanka, economically and socially, with high magnitude risks of precipitating a crisis that can easily destabilise the whole country,...

BJP’s Subramanian Swamy castigates India for not helping SL at her hour of need

Indian politician, economist and statistician Subramanian Swamy has castigated his Government for the failure to extend critical support to Sri Lanka at her neediest hour. “If...

Debt moratorium for Covid-19 affected borrowers extended

In what is seen as the latest move to extend relief to the pandemic-affected borrowers, the Central Bank has asked the banks to extend...

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