Sri Lanka’s main stock index closed lower on Monday, dragged down by industrials and healthcare companies. ** The CSE All Share Index ended 0.21% lower at 6,072.07. It edged up 0.04% last week, ... ( read original story ...)
Moody’s says Sri Lanka’s 2021 budget unlikely to significantly boost growth
Moody's Investors Service says Sri Lanka's 2021 budget is unlikely to significantly boost growth in the country. The budget calls for LKR3.6 trillion ($19.5 billion, 23.7% of 2020 forecast GDP ... ( read original story ...)
Sri Lankan banks’ ratings unaffected by proposed FLC mergers: Fitch Ratings
The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate impact on the banks' ratings, says Fitch Ratings. Full Statement The agency' ... ( read original story ...)
Indian Foreign Secretary Harsh Vardhan Shringla to visit Nepal on November 26-27
Shringla is visiting at the invitation of Foreign Secretary Paudyal. This will be a continuation of the regular exchange of high level visits between the two friendly neighbours, the Nepalese Foreign ... ( read original story ...)
Nepal govt, World Bank sign financing pacts worth $350m
The government of Nepal and World Bank signed two separate agreements today that will help strengthen urban governance and the financial sector in Nepal in support of the country’s COVID-19 resilience ... ( read original story ...)
We’ll borrow to finance billion ringgit projects, says Mustapa
Mustapa said Putrajaya aimed to complete these projects under the 12th Malaysia Plan, which ends in 2025. He was replying to Tajuddin Abdul Rahman (BN-Pasir Salak), who asked how the government would ... ( read original story ...)
Finance ministry studying possible reinstatement of GST
On the Covid-19 vaccine, the finance minister said the budget allocated RM3 billion to acquire vaccines through Malaysia’s participation in the World Health Organisation’s (WHO) Covax programme and ... ( read original story ...)
Uzbekistan lines up its key economic data with int’l standards
The Central Bank said that Uzbekistan's balance of payments for the first half 2020 was affected by the changes in domestic and foreign markets linked with the COVID-19 pandemic, a slowdown in global ... ( read original story ...)
UPDATE 1-Thai finmin sees economy up 4% next yr, to focus on revival
Thailand’s economy is expected to grow 4% in 2021 after a slump this year and fiscal policy will support a tourism-reliant economy struggling from the impacts of the coronavirus pandemic, the finance ... ( read original story ...)
UPDATE 1-Pakistan’s central bank keeps main policy rate unchanged at 7%
KARACHI, Pakistan Nov 23 (Reuters) - Pakistan has kept its main policy rate unchanged at 7%, the central bank said on Monday, as consumer price index inflation remained close to 9%. It is the second ... ( read original story ...)