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Pakistan appreciated Sri Lanka’s support to the Kashmir cause, the Pakistan High Commission in Colombo said. The High Commissioner of Pakistan in Sri Lanka, Dr. Shahid Ahmad Hashmat said that the long lasting peace in the region can only prevail through just and fair resolution of Kashmir dispute …
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ECONOMYNEXT – Sri Lanka’s HDFC Bank, a publicly traded state-controlled mortgage lender, has been downgraded to ‘BBB- (lka)’ from ‘BBB(lka)’ after the government failed to inject capital in time and has also been placed on negative rating watch making another downgrade possible. “The one-notch …
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COLOMBO, Dec 28 (Reuters) – Sri Lanka’s central bank kept its benchmark interest rates unchanged on Thursday, saying inflation and private sector credit growth have cooled to a manageable level as policy makers focus on supporting a slowing economy. The monetary authority said high food prices …
COLOMBO, Dec 28 (Reuters) – Sri Lanka’s central bank kept its benchmark interest rates unchanged on Thursday, saying inflation and private sector credit growth have cooled to a manageable level as policy makers focus on supporting a slowing economy. The previous rate increases have dragged on …