Markets are showing mounting concern about Sri Lanka’s ability to manage debt loads, amid financial deterioration that sparked a downgrade deeper into junk Friday. ( read original story ...)
UPDATE 1-S&P downgrades Sri Lanka on debt servicing risks
Rating agency S&P slashed Sri Lanka's credit rating to "CCC+/C" on Friday, citing concerns that risks to the island nation's debt servicing capacity have risen as the COVID-19 pandemic has squeezed ... ( read original story ...)
Sri Lanka’s debt concerns mount after S&P cuts rating deeper into junk
Sri Lanka’s credit rating was cut to CCC+ from B- by S&P Global Ratings Friday. In recent months, the country's credit rating was also cut by Moody’s & Fitch Ratings. ( read original story ...)
Sri Lanka slams S&P following downgrade of credit rating
Global Ratings after the country’s credit rating was downgraded from B to CCC+. In a statement issued by the Finance Ministry, the Government of Sri Lanka (GOSL) said it is disappointed with today’s ... ( read original story ...)
Nepal gives women’s national football team equal pay
For years, Nepal's women have earned less than half of what the men's team have taken home. Their results have been considerably better though. ( read original story ...)
BJP leader Chauthaiwale calls on Nepal Foreign and Finance Ministers discusses bilateral ties
Senior BJP leader and the party's head of the foreign affairs department Vijay Chauthaiwale on Friday called on Nepalese Foreign Minister Pradeep Kumar Gyawali and Finance Minister Bishnu Poudel and ... ( read original story ...)
Global Islamic finance assets to hit US$3.69 tril by 2024
Global Islamic finance assets are forecast to reach US$3.69 trillion (US$1=RM4.05) by 2024, according to the 2020 Islamic Finance Development Report released by Refinitiv and the Islamic Corporation ... ( read original story ...)
India, Uzbekistan standing firmly against terrorism: PM Modi
Talking about convergence of views between the two countries on regional issues, he said an Afghan-led and Afghan-controlled process is required to restore peace in Afghanistan. ( read original story ...)
Erdogan Says Caucasus Platform Can Turn New Page in Turkey-Armenia Ties -NTV
Broadcaster NTV quoted Erdogan as telling reporters on his return flight from Baku that the regional platform - which will include Russia, Turkey, Azerbaijan, Georgia, Iran and Ar ... ( read original story ...)
China to step up fiscal support for new economic strategy
China will step up fiscal policy support for a strategy to make its economy mainly rely on domestic demand, supply chains and innovation, Finance Minister Liu Kun said. ( read original story ...)