Wednesday, October 29, 2008

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Hail the Rupee!

  • Despite global crises Lankan currency one of the strongest in the world even appreciating against the Dollar and Sterling Pound albeit artificially claim analysts
  • Exporters estimate true Dollar exchange rate should be between Rs. 120 and Rs. 130 as opposed to being stuck at Rs. 108 level since January 2008
  • CB chief says exchange rate reflects true value and macro economic fundamentals

The world may be reeling with an unprecedented financial crisis with currency and stock markets crashing but Sri Lanka Rupee remains one of the strongest in the world albeit artificially according to analysts.

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Relaxed but attentive? UNP leader Ranil Wickremesinghe (fifth from left) among a select forum of politicians, business leaders and professionals listening to global HR guru Prof. David Ulrich last week in Colombo.


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Dutch bank FMO boosts LOLC micro-finance push

Lanka Orix Leasing (LOLC Group) has partnered with Dutch bank FMO to better serve the country’s microfinance market, estimated to be worth over Rs. 50 billion.

The move follows LOLC launching its newest venture, LOLC Micro Finance Company in partnership with FMO (The Netherlands Development Finance Company).

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