Tuvalu, The Fiji Times, Inglês

Sri Lankan banks’ operating environment (OE) assessment and overall credit profiles will be supported by any improvement in the sovereign’s credit profile (Long-Term Foreign-Currency IDR: RD, Long-Term Local-Currency IDR: CCC-) following a completed debt restructuring, Fitch Ratings said. “This is due to the strong link between sovereign financial health and banks’ operating conditions. We believe this would be positive for the National Ratings of Fitch-rated large Sri Lankan banks – albeit based on their creditworthiness relative to other Sri Lankan issuers,” the rating agency said. Sri Lankan banks’ current OE score of ‘ccc-’/stable is linked closely to the sovereign’s local-currency credit profile, given their predominant exposure to the domestic economy and government securities (local-currency treasury instruments: 33.4% of assets and foreign currency instruments: 3.4% at end-1H24) and lending to the broader public sector. The sovereign exposure tends to be higher among the large banks, and state-owned enterprise (SOE) exposure is...

Mumbai (Maharashtra) [India], November 22 (ANI): The results of fierce electoral battle in Maharashtra will unfold tomorrow with the leaders of ruling Mahayuti and opposition Maha Vikas Aghadi (MVA) expressing confidence of their victories in a keenly-watched outcome that has long-term implications for various players, particularly the two parties which have seen splits. Votes will be counted from 8 am and trends are expe Source link

Stories you might have missed Singapore’s health authorities remind clinics of telehealth, advertising obligations SINGAPORE’S health authorities jointly reminded medical providers of the need to comply with guidelines on telemedicine services and advertisements, in an industry circular on Friday (Nov 22). FedEx begins electrification of its Singapore delivery fleet with 31 electric vans LOGISTICS and transportation giant FedEx Express launched the first electric vehicles for its delivery fleet in Singapore on Friday. Consumers still high on craft beer, but market is sobering up with belt tightening and closure of Archipelago, Trouble Brewing BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up SINGAPORE’S beer drinkers are raising a toast to craft beer, as more consumers swap mass-market lagers for the nuanced flavours of artisanal brews. Near-term volatility drives SGX to 17-year peak on higher turnover...

Emerging from meetings with Singapore’s President Tharman Shanmugaratnam and Prime Minister Lawrence Wong here Friday, President Rumen Radev told reporters that “there is political will to work together”. The President is on a working visit to Singapore until November 24, when he will leave for an official visit to Vietnam.  “One of the goals of my visit was to establish a dialogue at the highest political level because it is important for the development of our cooperation in a number of areas of mutual interest where the potential is great,” he explained. “Our relations with Singapore have another dimension no less important than the development of trade, investment and economic partnership – to understand the formula of the success of the Singaporean model, in terms of economy and social development, and to be able to implement some of the winning economic strategies,” Radev said. Asked whether it is possible that...