Sri Lanka needs more than economic reforms
Sri Lanka’s economy is continuing to deteriorate with barely any dollars in the government’s possession even to pay for essentials such as fuel and medicine.
Economy
Global logistics under pressure from Russia’s invasion
It was expected that the Trans-Siberian Railway would serve as an alternative to sea freight, but there are no prospects for resuming the use of the railway for logistics.
South Korea to join US-led economic initiative: Presidential office
The IPEF was first introduced when Biden made the proposal at the East Asia Summit last October.
Demand for premade dishes surge in China as cities switch to stay-home status
From April 24 to May 15, overall sales of premade dishes in Beijing increased more than 50 percent compared to the same period last month.
Bangladesh commission recommends electricity price hike by 58%
Business leaders and consumer rights associations said such a major hike would not only affect the prices of daily essentials but also hurt export and industrial production.
It is PML-N’s indecision pushing economy into crisis: Editorial
The writer says each day of their own indecision is costing the treasury billions of rupees and wreaking further destruction on the capital markets.
China’s economy to be back on track soon: Official
The official also said the commission will step up macro policy adjustments and help firms restore production capacity.
Bangladesh PM urges people to practise austerity
She also said austerity should be practised normally without being afraid of it.
Dollar exchange rate shoots past Tk 100 for the first time in Bangladesh
The central bank has so far injected a record $5.31 billion in the current fiscal year to lessen the US dollar shortage faced by banks.
Tough road ahead for President Yoon Suk-yeol’s 59.4 trillion won budget plan
The ruling and main opposition parties have clashed over how much of the budget should be used to assist pandemic-hit small-business owners as promised.