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Outgoing BOK chief stresses broader role of central bank in addressing long-term challenges

SEOUL, April 20 (Yonhap) -- Outgoing Bank of Korea (BOK) Gov. Rhee Chang-yong said Monday achieving economic stability and growth through monetary and fiscal policy alone has become increasingly difficult, calling for a broader role for the central bank in addressing long-term structural challenges.

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Tehran compels Israeli military pause in Lebanon

Even as the global economy shakes, the world community watches a rare geopolitical event: the mighty sole superpower, the United States of America, is compelled by war-battered ‘heathen’ Iran to comply with Tehran’s pre-condition for talks! Imperial Washington has had to get its client colony Israel to halt its mili…

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Global growth could fall to 2% , inflation up 6% – IMF

As IMF was looking to lift up the global growth forecast in 2026 the war in the Middle East halted this momentum. The closing of the Strait of Hormuz and serious damage to critical energy facilities in the Middle East raise the prospect of a major energy crisis should a durable solution not be found soon, Pierre-Oli…

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Compliance without consequence

The financial fraud of a staggering amount of Rs 13.2 billion at NDB Bank is without precedent in Sri Lanka. It has sent shock waves throughout the industry and among investors. The possibility of recovery of the stolen funds seems to be very uncertain at this point of time.

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ComBank accelerates cashless public transport with NCG Express partnership - DailyNews

In a significant commitment of support to efforts to modernise Sri Lanka’s public passenger transport system, the Commercial Bank of Ceylon has partnered with NCG Express to introduce fully digital bus ticketing, enabling passengers to pay fares using cards, QR-based payments and contactless technology.

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A greener tomorrow with NSB’s New Year initiative ‘plant sapling at the auspicious time’ - DailyNews

National Savings Bank (NSB), one of Sri Lanka’s leading state-owned financial institutions, takes pride in continuing its long-standing tradition of celebrating the Sinhala and Tamil New Year by promoting financial savings as well as environmental sustainability through a series of meaningful initiatives.

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Insurance Industry Development Roadmap unveils to strengthen economic stability - DailyNews

Sri Lanka’s insurance sector is set to take a significant step forward with the unveiling of the Insurance Industry Development Roadmap, an initiative led by the Insurance Regulatory Commission of Sri Lanka and hosted by the Insurance Association of Sri Lanka tomorrow (21). The move highlights a growing recognition …

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Disney’s giant new ship is a floating (and highly affordable) theme park

Originally built by Hong Kong-based Genting’s Dream Cruises, Disney picked up the unfinished, billion-dollar ship at a “favourable price” (exact amount unrevealed) when Dream Cruises fell into receivership during the pandemic. Disney then reduced the originally planned capacity of 9000 down to 6700. Even so, at 208,…

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New DepEd policy safeguards learners but leaves private schools vulnerable

THE Department of Education’s (DepEd) Memorandum (DM) 23, Series of 2026, was clearly issued with a humane and practical objective: to ensure that learners are not excluded from end-of-school-year rites simply because of unpaid financial obligations to their previous schools. At a time when graduation and moving-up …

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Championing strong reserves for a resilient economy

THE Bangko Sentral ng Pilipinas recently received international recognition for its excellence in reserve management, a milestone that underscores a significant shift in the nation’s monetary strategy. Under the leadership of Governor Eli Remolona Jr., the central bank has moved toward an active risk management fram…

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Software stock dogs have joined market rally. There's a classic investing lesson in the rebound

Cybersecurity and enterprise software stocks have been market dogs since the start of 2026, with fears that AI will wipe out a wide range of companies in the enterprise space dominating the narrative. But they snapped a brutal losing streak this past week, joining in the broader market rally that saw all losses from…

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