If you are interested in politics, you are probably aware that Sri Lanka, a South Asian country, recently declared bankruptcy and its economy has collapsed. The entire country is out of food, gas, and oil; roughly 22% of Sri Lankans are now in emergency need of food and other living resources; and approximately 22 million…
Activists break flag poles with their knees in protest against the House of Representatives committee set up to consider the opening of casinos, in Bangkok in March last year. (Photo: Chanat Katanyu) Thailand’s casino plans are causing mixed reactions among the public even though a special House committee studying the feasibility of entertainment complexes including…
Activists break flag poles with their knees in protest against the House of Representatives committee set up to consider the opening of casinos, in Bangkok in March last year. (Photo: Chanat Katanyu) Thailand’s casino plans are causing mixed reactions among the public even though a special House committee studying the feasibility of entertainment complexes including…
Demand will continue to slide, costs will keep rising, competitors will play desperate to maintain cash-flow, channel partners will keep demanding extended credit and margins, interest rates will not be any lower. Taxes and duties may even rise again during the year with a desperate effort to reduce government borrowing in rupees. So what can…
Ranil Wickremesinghe, Sri Lanka President ‘).insertAfter(“.article-content__img”);$(“.article-content__img div”).find(‘div’).remove(); //]]> Sri Lanka has concluded debt restructuring talks with Japan and will continue to hold such meetings with India this month, President Ranil Wickremesinghe announced on Saturday, as the cash-strapped country looks to carve a path out of its worst financial crisis. The crisis-hit island nation, which is…
In view of delay in assurance from bilateral creditors so as to fulfil the criteria of getting a bailout package of USD 2.9 Billion from the IMF, Sri Lanka is in talks with the World Bank and the Asian Development Bank to obtain loans worth of USD 1.9 billion. According to the Governor of the…
Disgraced cryptomogul Sam Bankman-Fried claimed FTX US is “fully solvent and always has been” after he was arrested on fraud charges. While FTX US should be “able to return all customers funds,” FTX International remains mired by insolvency, but “no funds were stolen,” Bankman-Fried insisted in a blog post in which he vowed to dedicate…