COLOMBO: Sri Lanka is bankrupt and the acute discomfort of its unprecedented financial crisis will linger until at least the end associated with next year, Prime Ressortchef (umgangssprachlich) Ranil Wickremesinghe informed parliament Tuesday (Jul 5). The island nation’s 22 million people have endured several weeks of galloping inflation andContinue Reading
BEIJING: Chinese authorities could dip into strategic pork supplies in a bid in order to rein in costs of the staple meats, Beijing’s top economic planner said on Tuesday (Jul 5). Pork prices in the planet’s second-biggest economy spiked late last 30 days, with the meat marketing for 32 perContinue Reading
Hoping to discourage crowding, many stores possess moved sales on-line, using lottery techniques, while others have shifted to low-profile product sales that take place without having prior warning, with consoles arriving on the random schedule. The phenomenon is known as “guerrilla sales” in Japan, the term that initial emerged withContinue Reading
BEIJING: Struggling developers in China have started taking payment intended for homes in watermelons, peaches and other farming produce, state media reported Sunday (Jul 3), as they attempt to lure buyers deterred by a property marketplace slump. China’s housing market continues to be hit by a decreasing economy andContinue Reading
BRAND NEW DELHI: A good Indian domestic flight made an emergency landing in New Delhi on Saturday (Jul 2) after its cabin filled with smoke soon after take-off for the central city of Jabalpur, the airline said. People aboard the flight, operated by commercial carrier SpiceJet, were evacuated safelyContinue Reading
ABU DHABI: Indonesia and the Usa Arab Emirates on Friday (Jul 1) signed a free business agreement, strengthening economic ties between Southeast Asia’s largest economy and the major essential oil producing Gulf state. The accord, reached throughout a visit by Indonesian President Joko Widodo to Abu Dhabi, will remove orContinue Reading
COLOMBO: The particular International Monetary Account reported constructive discussions with Sri Lankan authorities on Thursday night (Jun 30), increasing hopes it could quickly grant preliminary authorization for a credit service to alleviate a crisis in which the country is fighting to pay for imports. “The discussions will continue practically withContinue Reading
US ASSESSES CRISIS A delegation from the US Treasury and the State Department came for talks to “explore the most effective ways for that US to support Sri Lankans in need”, the US embassy within Colombo said. “As Sri Lankans endure some of the greatest financial challenges in their background,Continue Reading
COLOMBO: India’s top diplomat held talks along with Sri Lanka’s president and prime ressortchef (umgangssprachlich) on Thursday (Jun 23) as Indian signalled its determination to go beyond the US$4 billion within loans, swaps and aid that it has provided its cash-strapped neighbour. Sri Lanka is dealing with its worst financialContinue Reading