Inflation forecast revised

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 The central bank has revised is inflation forecast for the fiscal year 2008/2009 to a more realistic level of between 11.5 and 14.5 per cent, up from the original forecast of between 7 and 9 per cent because of galloping food and e

Will BOP shocks force IMF support?

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The Washington based, International Monetary Fund (IMF) and the World Bank- — the International Bank for Reconstruction and Development (IBRD), was created out of the 1944 Bretton Woods conference at which the United Kingdom (UK) was r

NCB cuts cost, makes more profits

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 The Michael Lee-Chin-led National Commercial Bank Group (NCB) Limited is reducing cost and, a as result, is generating more profits. The group’s report for the six-month period ended March 2008 revealed that its cost to income ra

NCB cuts cost, makes more profits

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 The Michael Lee-Chin-led National Commercial Bank Group (NCB) Limited is reducing cost and, a as result, is generating more profits. The group’s report for the six-month period ended March 2008 revealed that its cost to income ra

Brazil now net foreign creditor

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 Brazil, which was once the third world’s largest debtor nation, is now a net foreign creditor and as a result, Standard & Poors (S&P), the world’s leading credit ratings agency, has upgraded its long-term foreign curren

Brazil now net foreign creditor

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 Brazil, which was once the third world’s largest debtor nation, is now a net foreign creditor and as a result, Standard & Poors (S&P), the world’s leading credit ratings agency, has upgraded its long-term foreign curren

Remittance flows dip

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 There are indications that the government’s projections for a 10 per cent increase in remittance flows to US$2.2 billion this year could be wrong. This because of the slowing US economy, the increase in unemployment and discrimin

Remittance flows dip

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 There are indications that the government’s projections for a 10 per cent increase in remittance flows to US$2.2 billion this year could be wrong. This because of the slowing US economy, the increase in unemployment and discrimin