by Amin Ahmed in Dawn, Dec 27th, 2023ISLAMABAD: Domestic violence is emerging as a silent pandemic in Pakistan, posing a serious challenge to society and the state, points out a study report published by the Asian Development Bank (ADB). The report, Gendered Impacts of the Covid-19 Pandemic in Central and West Asia, quoted a recent survey carried out in Punjab and Sindh which reported an increase in incidence of threats of physical violence (40 per…
Posts tagged as “Bank”
report in The Daily Star, Dec 26, 2023Two members of the Criminal Investigation Department along with an accomplice were arrested on Sunday on charges of abducting a man from his residence in Dhaka and withdrawing over Tk 5 lakh from his bank account on October 8. The arrestees are: sub-inspector Rezaul Karim, 39, constable Abu Saied, 32, and Sharif Hossain, 26. A team of detectives arrested them from different areas in a case filed by…
By Rathindra Kuruwita in The Island, Oct 6, 2023Sri Lanka has made good progress in debt restructuring discussions with China, and negotiations with all parties will be concluded around the same time, Governor of the Central Bank, Dr. Nandalal Weerasinghe says. Addressing the media in Colombo on Thursday, Dr. Weerasinghe, in answer to a question posed by a journalist, denied reports that progress in debt restructuring discussions with China was lagging compared to that in…
by Prithvi Man Shrestha in The Kathmandu Post, March 17, 2023The International Monetary Fund (IMF) has asked Nepal Rastra Bank to have some of the country’s largest commercial banks audited by international auditing firms as it is suspicious about the quality of loans provided by them, a senior central bank official said. Representatives of the IMF’s Article IV mission called for the audit to bring clarity about the state of the asset quality during a…
By Shenal Fernando in The Morning, Mar12, 2023*Attempts to renegotiate terms with PBoC futile: CBSL**Sources reveal response from China has not been ‘favourable’Despite several attempts by the Central Bank of Sri Lanka (CBSL) to renegotiate the conditions of the CNY 10 billion (equivalent to $ 1.5 billion) currency swap with the People’s Bank of China (PBoC), all attempts have proved futile as the response has not been favourable. Accordingly, the currency swap remains unusable to…
By Siochana Ramiah Mohan in Ceylon Today, Dec 10, 2022The Government of Sri Lanka (GoSL) has still to pay USD 554.33 million or RMB Yuan 673.43 to the developers of the Hambantota Port, China Harbour Engineering Company (CHEC) through Exim Bank of China and the loan servicing is being carried out by the General Treasury. On the question of what the SLPA’s 15 per cent stake, in money terms, earned annually under the leasing agreement,…
report in The Morning, , Dec 6, 2022President Ranil Wickremesinghe, addressing the inauguration of the Sri Lanka Economic Summit yesterday (5) in Colombo, said that China has requested Sri Lanka to speak to the Export-Import (Exim) Bank of China in connection with ongoing debt restructuring process for the purpose of accessing the International Monetary Fund’s (IMF) bailout programme. He reiterated that Sri Lanka has commenced debt restructuring talks with China. The President also noted that…
report in Dhaka Tribune, Nov 16, 2022The Bangladesh Bank has found cases of money laundering as it uncovered trade-based under and over-invoicing during a special audit. Some entities inflated their price at the range of 20-200% than the actual cost of the products under a method called over-invoicing, said GM Abul Kalam Azad, spokesperson of the Bangladesh Bank, at a press briefing on Monday. Over-invoicing takes place when exporters submit an inflated invoice to the…