Finance News

With the country’s Islamic banking still at a low penetration level, experts point out that with the strategic position that Sri Lanka occupies in the region, it should make forays into Islamic capital market to reap full benefits of this industry.   Central Bank Governor Ajith Nivard Cabraal addressing the gathering KPMG’s Global Head of Islamic Finance Neil Miller making …

Much is written on Rizana Nafeek’s extremely unfortunate fate in Saudi Arabia (SA). Some written with anger let loose on the government and some on licensed agencies and every one else who could be dragged in. But to discuss SL migrant labour, one has to leave emotions aside and start off with a factual explanation of what this whole issue …

  The “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones.    The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years if Congress takes no action itself to cut …

  In what the New York Times declared as a “dark day for the rule of law” on December 11, 2012, HSBC, the world’s second largest bank, failed to be indicted for extensive criminal activities in laundering money to and from regimes under sanctions, Mexican drug cartels, and terrorist organizations (including al-Qaeda). While admitting culpability, and with guilt assured, state and federal authorities …

Gold: $750   Over the past 30 years now, I’ve used known economic and demographic trends to predict major economy and market shifts with uncanny accuracy. If you know my work – and that of my firm, HS Dent – you know we’ve helped a lot of investors save money and become wealthy by accurately forecasting major economic events over the years. We …