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ASEAN's growth is nevertheless expected to outpace global growth, of which China and India are expected to contribute more than 50% -- India about 15% and China around 35%.
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DOI: 10.1108/OXAN-DB278021
ISSN: 2633-304X
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The kingdom has raised the long-standing ‘sustainable development fee’ (SDF) for visitors from most countries to USD200 per night from USD65. It hopes that tourism revenue can…
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DOI: 10.1108/OXAN-DB273697
ISSN: 2633-304X
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Some observers fear Nepal could soon end up in a full-blown economic crisis such as that now affecting Sri Lanka, which recently suspended external debt servicing. Kathmandu, like…
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DOI: 10.1108/OXAN-DB270224
ISSN: 2633-304X
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Impact of COVID-19 on Sri Lanka's debt situation.
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DOI: 10.1108/OXAN-DB252254
ISSN: 2633-304X
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Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…
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DOI: 10.1108/OXAN-DB266266
ISSN: 2633-304X
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SRI LANKA: Risks to banks will increase
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DOI: 10.1108/OXAN-ES268335
ISSN: 2633-304X
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Some observers have raised doubts about the solvency of Sri Lanka's banks amid the country's deepening foreign exchange (forex) crisis. Forex reserves stood at USD2.3bn at…
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DOI: 10.1108/OXAN-DB268315
ISSN: 2633-304X
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Sri Lanka’s finance ministry responded sharply, describing the move as “hasty” and “erroneous”. Colombo has recently borrowed from its regional partners Delhi and Beijing to help…
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DOI: 10.1108/OXAN-DB257154
ISSN: 2633-304X
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Prime Minister Ranil Wickremesinghe, only appointed in May, has also said he will quit. Wickremesinghe has played a key role in talks with the IMF over a desperately needed…
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DOI: 10.1108/OXAN-DB271412
ISSN: 2633-304X
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SRI LANKA: Making rhetoric a reality will be tough