Why is Nepal facing a forex crisis? What are the factors behind it? How similar is Nepal’s situation to Sri Lanka’s? And what can Nepal do to avoid the calamity that Sri Lanka is facing? Let’s begin …
Is Nepal Going the Way of Sri Lanka?
Although Nepal’s economic health is worrying, tourism is picking up and foreign remittances are poised to increase.
Bangladesh recall Nayeem for injured Mehidy
Bangladesh on Wednesday recalled off-spinner Nayeem Hasan to replace injured all-rounder Mehidy Hasan for the first Test against Sri Lanka next month. Nayeem Hasan Nayeem played the last of his seven …
Sri Lanka Chaos Opens Tea Export Opportunity That India May Miss
India, the world’s second-biggest tea producer, will likely fail to take advantage of an export gap in the global market sparked by Sri Lanka’s economic crisis, according to a top grower. Most Read …
A Powerful Dynasty Bankrupted Sri Lanka in Just 30 Months
Ahead of the November 2019 election, Sri Lankan presidential challenger Gotabaya Rajapaksa proposed sweeping tax cuts so reckless the incumbent government thought it must be a campaign gimmick. Most …
Sri Lanka Insurance posts a record profit of Rs. 11.7 billion before taxation for 2021
Notwithstanding the stringent economic and social conditions that prevailed in the country, Sri Lanka Insurance’s asset base increased … of the year for the 5th consecutive year by Brand Finance, …
Sri Lanka And Pakistan Pin Their Hopes On IMF Bailout Package
International Monetary Fund (IMF) on Tuesday asked Sri Lanka to tighten its monetary policy, increase taxes, and adopt flexible exchange rates.“The requirement for fund lending will be progress toward …
India offers additional $500 million after China’s muted response to Sri Lanka’s request
“A friend in need is a friend indeed” is the saying as it goes. The dictum is in full play as India has offered Sri Lanka an additional $500 million to …
Sri Lanka says World Bank agrees to provide $600 million in financial aid
The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president’s media division said in a …
IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcom …