Lanka’s first oil hedge against price instability
Standard Chartered in ground-breaking role:
World crude oil prices are likely to increase
next month with the conclusion of the Chinese New Year. Therefore it
would have a direct impact on local petroleum prices, Ceylon
Petroleum Corporation (CPC) Chairman and Managing Director Ashantha
de Mel said.
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CB measures to promote better risk management by Banks
It said that one of the policy measures proposed
in the Road Map: Monetary and Financial Sector Policies for 2007 and
beyond announced by the Central Bank on January 2, 2007 is to issue
new prudential requirements on single borrower limit of licensed
banks with the objective of mitigating the banks’ credit
concentration risk arising from granting loans and other facilities
to large customers and promoting the banks’ risk management further.
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Sri Lanka clarifies ground realities at AIME MICE Show in
Melbourne
Sri Lanka Convention Bureau together with
Srilankan Airlines and Destination Management company Lanka
Sportsreisen took part in this years Asia Pacific Incentives &
Meetings Expo, AIME - Melbourne held at the Melbourne Exhibition
centre last week.
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