Fitch Ratings – The majority of APAC banking jurisdictions are set to take the latest global iteration of Basel capital standards in their stride, says Fitch Ratings. Banking groups in most APAC markets have been able to absorb the moderate increases in capital requirements required under the final Basel III standards, due to prevailing conservative…
Latest Mood of the Nation Survey Shows Increase in Negative Outlook The approval rating of the government fell from 9% in October 2023 to 7% in February 2024, according to the latest round of the Gallup style ‘Mood of the Nation’ poll of Verité Research. The survey showed that only 9% rated the current economic…
Mario Gooneratne, CEO of LinearSix, Naleen Edirisinghe, CEO of Pan Asia Bank and Gerald Wanigaratne, Chief Information Officer of Pan Asia Bank 1. How would you define Digital Banking? Mario: Digital banking is a transformative financial approach that leverages technology to provide seamless, accessible, and efficient banking services by automating all or most processing functions…
World Bank – In the rural town of Morawaka located in Southern Sri Lanka, home to lush tea estates and paddy fields, Ramya is finally mother to a beautiful baby girl. She was born after a harrowing experience of an umbilical cord prolapse, a condition where the umbilical cord gets out of the body before…
Some Sri Lankans among Sinhala Buddhists & Hindu Tamils would celebrate the ‘Sinhala – Hindu’ new year in few weeks. The Central Bankers (among them) unlike many will not conflict within families on purchasing to celebrate in the current economic situation but even they will have to fight to decide on the auspicious times as…
Rising political polarization and distrust results in gridlock on global challenges Uneven development progress is leaving the poorest behind, exacerbating inequality, and stoking political polarization on a global scale. The result is a dangerous gridlock that must be urgently tackled through collective action, according to a new report released today by the United Nations…
Sri Lanka is poised to benefit from the global trend towards electric vehicles (EVs), leveraging its top-quality vein graphite crucial for EV battery manufacturing. The country’s commitment to sustainability and quality standards places it strategically in the non-China graphite export market, boosted by US industrial policies favouring domestic assembly and non-China sources. A new IPS…
By Chaya Dissanayake Sri Lanka faces a high-risk situation with the looming threat of a potential future pandemic. A recent IPS study reveals that the Sri Lankan apparel sector, particularly women workers, bore the brunt of the COVID-19 pandemic, with 24% of women not recalled for work during the pandemic’s initial phase. Urgent streamlining of…
By Prof. Samitha Hettige ‘Gota’s War’ explains Defense Secretary GR’s contribution to end the 30 year conflict. The LTTE (ranked ‘deadliest’ terrorists by FBI in January 2008) was crushed in May 2009 by SL armed forces politically lead by President MR assisted by GR. GR’s contributions to prevent a resurrection of the LTTE (post 2009)…
By Himani Vithanage ‘’Currently an assessment could be deployed in about 5 minutes, in class, student responses are instantaneous and so are the results (he doesn’t need to grade them separately). Traditional assessment usually takes 3-4 hours each’’ — an assistant teacher at a Composite School in India who has been using Class Saathi, an…
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