Reuters – Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever – and to the tune of $2.2 trillion, an annual study of the sector has estimated. The report on state-owned investment vehicles by…
The Monetary Board of the Central Bank of Sri Lanka as a measure to strengthen the Non-Bank Financial Institutions Sector under the ‘Masterplan for Consolidation’ decided to direct Kanrich Finance Limited (KFL) to settle its public liabilities in full within the period from 26.12.2022 to 28.02.2023 in terms of Section 25(1)(m) of the Finance Business…
Reuters – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year. Some hedge fund strategies that put money in commodities and currencies…
The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative supply chain financing facility that supports micro, small, and medium-sized enterprises (MSMEs) in the food sector to access capital. Through greater access to capital, this facility reduces the supply chain disruptions that emerged during the…
Aitken Spence Travels will be welcoming the inaugural charter flight from Red Wings Airlines, a Russian regional leisure airline, arriving at the Mattala Rajapaksa International Airport (MIRA) on the 29th of December 2022. Red Wings Airlines will be carrying 400 holiday makers on board the Boeing 777 which is a long-range wide-body aircraft that would…
SHANGHAI, Dec 29 (Reuters) – Honda (7267.T) will recall just over 200,000 hybrid vehicles due to issues with brake pedal sensors in some models, China’s State Administration for Market Regulation said in a statement on Thursday. A total of 105,608 hybrid vehicles produced between Oct. 8, 2018 and Sept. 7, 2020 by the Japanese carmaker’s venture with…
DHAKA, Bangladesh (AP) — Bangladesh launched its first metro rail service, mostly funded by Japan, in the densely populated capital on Wednesday amid enthusiasm that the South Asian country’s development bonanza would continue with both domestic and overseas funds. Prime Minister Sheikh Hasina inaugurated the service accompanied by newly appointed Japanese Ambassador Kiminori Iwama and…
Can metro rail truly be a game changer in terms of boosting the economy and mitigating the suffering of millions? To find the answers, this phenomenon must be examined from various angles By Dr Shafik A. Rahman Bangladesh inaugurates the country’s first metro rail system, MRT-6, in the heart of Dhaka. The need of an efficient…
Today, December 29, Red Wings Airlines of Russia commenced scheduled charter flight operations to Mattala Rajapaksa International Airport (MRIA) from Moscow, Russia with 398 Russian tourists to Sri Lanka. Red Wings ranks in Top-10 of the largest Russian airlines has an extensive network of domestic and international routes but never before in the airline’s 23-year…
Reuters – It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief. Below are the events, trends and topics investors expect to shape the outlook for emerging…
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