Sri Lanka to amend 2016 Microfinance Act, set up new regulatory body | EconomyNext

Sri Lanka to amend 2016 Microfinance Act, set up new regulatory body | EconomyNext

The suspension has been extended from January 31 to March 3.

Development comprises 6 high-rise towers with a shopping complex, cinema, clubhouse, indoor golf, art gallery,

Targeting SMEs and with support for women-led businesses

Comprises a 50 million dollar senior unsecured loan and a 20 million dollar Global Trade Finance Program line

7.5 million dollars from OP Finnfund, and 7.5 million dollars from Norfund

Insurance losses arising from flooding linked to Cyclone Ditwah to have a limited impact

Prime lending rate down in the second week of January

Directed company “not to accept deposits from the public by issuing ‘Security Deposits’, ‘Investment Agreements

Net interest margins (NIMs) are likely to decline only marginally across APAC, resulting in a manageable drag

The cabinet has approved 6 banks to run forex counters at the Bandaranaike International Airport arrivals terminal

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