HASTY RETREAT Standard sources said the suitcase full of paperwork had also been left behind at the stately mansion along with 17. eighty-five million rupees (US$224, 167) in money, now in the custody of a Colombo court. There was no official word from the president’s office regarding his whereabouts, butContinue Reading
BEIJING: Customers of rural Chinese banks whose withdrawals have been frozen will begin to get some of their money back on Friday (Jul 15), regulators said, after depositors clashed with authorities at a rare protest over the weekend. China’s rural banking sector has been hit hard by Beijing’s efforts toContinue Reading
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
The mother of famous action movie director and fight choreographer Ramai “Danny” Moriphan filed the request at Regal Thai Police Headquarters on Monday, pleading with officers to check into his alleged hold in Myanmar.Continue Reading
BEIJING: Users of a “criminal gang” accused of getting control of local banking institutions have been arrested in central China after rare protests more than alleged financial problem sparked violent clashes between customers plus authorities. China’s rural financial sector has been strike hard by Beijing’s efforts to rein in aContinue Reading
Protesters usually are occupying the president’s official residence following months of instability.Continue Reading
Oriental companies are likely to find it harder to refinance dollar-denominated debt, the decline in an important metric suggests, with all the currency at a two-decade high and a latest surge in inflation forcing central banks to raise interest rates. The interest coverage ratio of these businesses – a measureContinue Reading
The particular pandemic offered a large opportunity for tech start-ups to scale. A lot of prioritised growth more than efficiency, says business outfit Momentum Works’ Yorlin Ng.Continue Reading
RECESSION The political chaos can complicate efforts to pull Sri Lanka out of its worst economic crisis within seven decades, activated by a severe lack of foreign currency that has stalled imports associated with essentials such as energy, food and medicines. The financial meltdown developed after the COVID-19 pandemic hammeredContinue Reading
Benefit prices of oil are on top of other expenses that have affected the people in the present situation, according to the consequence of an opinion survey by National Institute of Development Administration, or Nida Poll.Continue Reading