Explainer: How Sri Lanka spiralled into crisis

HOW DID IT COME TO THIS? Analysts say that economic mismanagement by successive governments has weakened Sri Lanka’s public finances, leaving national expenditure in excess of income and the production of tradable goods and services at inadequate levels. The problem was exacerbated by deep tax slashes enacted by the RajapaksaContinue Reading

Top US envoy in Hong Kong rebukes China in farewell speech

HONG KONG: Washington’s top diplomat in Hk said China should not be “terrified of dissenting opinions” as he used a farewell talk on Monday (Jul 11) to rebuke Beijing’s crackdown upon freedoms in the business center. Hanscom Smith’s three-year term as consul general was caught within mounting challenges as BeijingContinue Reading