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LANKA ECONOMIC CRISIS
Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strainA protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like...- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 27%As the market seems to be in comeback mode, it helps to be aware that the best (and probably biggest) wealth creator of the last couple of ...
- July rollout of India, US trade interim pact likely as two move to seal 'vibrant’ 1st phase: Piyush GoyalIndia and the United States are close to finalizing an interim trade agreement. The first phase of this pact is anticipated to be executed ...
- Shot of hike as painkiller: India’s economic storm calls for decisive MPC actionIndia's economy faces a perfect storm. The rupee is at historic lows, subsidies are soaring, and fiscal deficit risks are rising. Capital o...
- Jingle bell blues: Christmas orders from US, Europe drop 10-15% as West Asia crisis bitesChristmas goods orders from key markets like the US and Europe have seen a 10-15% dip this year. Global economic uncertainties, rising raw ...
- Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisisSri Lanka's central bank enacted a significant 100 basis point policy rate hike, its largest in four years, to combat rising inflation and ...
- AIIB announces USD 10 bn fund facility to support countries hit by West Asia conflictSupplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two ye...
- Governments worldwide shield households from rising energy costsNations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel co...
- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%Here’s a thing investors in equity need to keep in mind. A large part of the upmove one might see in the next one or two trading sessions w...
- Petrol, diesel prices hiked: What are the fuel rates in Pakistan, Nepal & Bangladesh? Check latest price comparisionPetrol, diesel prices in India vs neighbour countries: After petrol and diesel prices were increased by Rs 3 per litre in India, fuel costs...
- We are seeing momentum for Indian investment in Sri Lanka, lot of interest in hospitality, ports, logistics: Ceylon Chamber of Commerce ChairpersonSri Lanka aims to boost trade with India. The Ceylon Chamber of Commerce sees strong interest for Indian investments in hospitality, ports,...
- From India to China, a look at what governments worldwide are doing to shield households from rising energy costsGovernments globally are implementing diverse strategies to mitigate soaring energy costs stemming from the U.S.-Israeli war on Iran. Measu...
- Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppressionIndia is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questi...
- Global Markets | Resilience Tested: Asian economies balance buffers against rising oil shockAsian economies are scrambling to manage an energy shock caused by the Iran war, with soaring oil prices and supply disruptions hitting the...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- Global Market: Emerging markets face mounting economic pressure amid Iran war disruptionsThe Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...
- India is making a big move to outflank China in Sri LankaIndia and China appear to be locked in an escalating energy rivalry in Sri Lanka. India plans a new energy hub at Trincomalee with the UAE,...
- India-Sri Lanka oil pipeline discussed during VP Radhakrishnan's meeting with Dissanayake: Foreign Secretary Vikram MisriIndia and Sri Lanka initiated conversations about a new oil pipeline, aiming to enhance energy cooperation. They also delved into topics li...
- Sri Lanka among worst impacted countries in Asia-Pacific due to West Asia conflict: UN reportIn light of the West Asia crisis, a recent UN report underscores the profound economic challenges facing Sri Lanka. The country is grapplin...
- IMF in preliminary agreement with Sri Lanka for $2.9 billion loanSri Lanka needs to restructure nearly $30 billion of debt, and Japan has offered to lead talks with the other main creditors, including Ind...
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