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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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The strong performance is impressive given pandemic-related disruptions, which have contributed to labour shortages, damage from a continuing plague of mice and Beijing’s limits…
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DOI: 10.1108/OXAN-DB262416
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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Delhi last month banned wheat exports except in cases where letters of credit for shipments have already been issued and where foreign governments request supplies to help meet…
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DOI: 10.1108/OXAN-DB270778
ISSN: 2633-304X
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Prospects for Pakistan in 2023.
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DOI: 10.1108/OXAN-DB273993
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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The fall appears linked to public discontent over elevated inflation, which has clouded the country's economic outlook. Meanwhile, the government is moving slower than it…
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DOI: 10.1108/OXAN-DB282874
ISSN: 2633-304X
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The speech notably identified several economic challenges facing the country, ranging from curbing inflation to creating jobs. Marcos registered high approval ratings during the…
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DOI: 10.1108/OXAN-DB280940
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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Meanwhile, GDP is projected by the Reserve Bank of India (RBI) to grow by 9.5% in the fiscal year ending March, rebounding from its 7.3% contraction in 2020/21. Economic goals…