A Presidential Commission of Inquiry is currently investigating irregularities concerning ETI Finance.
BOC yet again No.1 Banking Brand in Sri Lanka for 12th consecutive year
Brand Finance Lanka which has been operating as the Sri Lankan partner to the International company has been identifying brands annually since 2009. “The strength of our brand has always been rooted …
Sri Lanka Insurance awarded ‘Most Valuable General Insurance Brand’
Sri Lanka Insurance awarded the prestigious ‘Most Valuable General Insurance Brand’ for the 3rd consecutive year by Brand Finance on Sri Lanka’s most valuable and strongest brands 2020. Further Sri …
HNB declared Best Sub-Custodian Bank in Sri Lanka at Global Finance Awards 2020
Custodian Bank in Sri Lanka at the recently concluded Global Finance Awards 2020. The award marked the second consecutive year in which the bank was declared country winners in a category which prior …
Lower July Iraq and Saudi exports to boost crude timespreads – Energy Aspects
Iraq is stepping up compliance with the Organization of the Petroleum Exporting Countries and allies (OPEC+) deal, with July Basrah crude exports to fall below 2.5 million barrels per day (mbpd), …
Iraq lowers oil exports, gets closer to OPEC+ target – sources
Iraq’s oil exports have fallen by 8% or 300,000 barrels per day (bpd) so far in June, according to shipping data and industry sources, suggesting OPEC’s second-largest producer is getting closer to …
N.Korea rejects South’s offer of envoys, vows to send back troops to border
North Korea said on Wednesday it has rejected South Korea’s offer to send special envoys, and vowed to send back troops to demilitarised border units in the latest step towards nullifying inter-Korean …
Iranian finance firm’s CEO pleads guilty to multimillion-dollar fraud conspiracy in Minnesota
The chief executive of an Iranian online financial services company pleaded guilty Tuesday to fraud conspiracy charges that federal prosecutors in Minnesota said involved millions of dollars in …
KKR-Led Consortium Buys 6% Stake In Vietnam’s Vinhomes For $650 Million
A consortium led by KKR & Co. (KKR) announced that it has purchased a minority equity stake in Vietnam real estate developer Vinhomes JSC, for a total of VND15.1 trillion ($650 million).Shares rose 3% …
Brazil 5G tender cannot be swayed by debates over China, says house speaker
A fifth-generation (5G) telecoms tender in Brazil should not be contaminated by ideological battles with China and more competition will lead to better prices for consumers, the head of the lower …