US, financial turmoil - Lanka should be ready to face impact -
Analysts
The US financial turmoil and the resultant global
economic crisis would not have a direct impact on Sri Lanka’s
economy. However, the indirect impact would be serious, economic
analysts said.
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‘Laws inadequate to deal with errant financial institutions’
The Central Bank was aware that a bogus
financial institution was in operation for over two years but could
not do anything about it since the laws were inadequate to take the
offenders to task,
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