Sri Lanka: Why is the country in an economic crisis?
2022-07-11
Protesters usually are occupying the president’s official residence following months of instability.Continue Reading
Asian firms may struggle to refinance dollar debt, ratio suggests
2022-07-11
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
Commentary: After huge pandemic gains, why are tech companies laying off workers?
2022-07-10
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
Sri Lanka protesters vow will not let up until president, PM quit
2022-07-10
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
People affected most from high oil prices: Nida Poll
2022-07-10
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
People affected most from high fuel prices: poll
2022-07-10
High fuel costs top the costs that have affected people in the present situation, according to the result of an opinion study by National Institute of Development Management, or Nida Poll.Continue Reading
People affected most by high fuel prices: poll
2022-07-10
High fuel prices top the particular expenses that have affected people most in the present situation, according to the result of an opinion survey by the National Institute of Development Administration, or Nida Poll.Continue Reading
Blinken seeks to shore up Southeast Asia ties in Thailand
2022-07-09
BANGKOK: Secretary associated with State Antony Blinken holds talks Weekend (Jul 10) within Thailand as part of the renewed US effort to engage Southeast Asia, a key area of competitors with China, and as he seeks brand new ideas on how to bring back democracy in Myanmar. Blinken is visitingContinue Reading
Sri Lanka protesters storm president’s house, clash with police
2022-07-09
COLOMBO: Thousands of protesters in Sri Lanka’s commercial capital Colombo broke through police barricades and stormed the president’s public residence on Saturday (Jul 9) in one of the largest anti-government marches in the crisis-hit nation this year. Several protesters, holding Sri Lankan flags plus helmets, broke to the president’sContinue Reading
Prayut faces censure but eyes keeping power in 2023 election
2022-07-09
Perfect Minister Prayut Chan-o-cha is encountering one more tough test that could oust him through power in the last stretch of their four-year term as he is set to face a fourth no-confidence movement later this month.Continue Reading