Bangladesh has spent an estimated US$4.1 billion in additional costs since late February to cushion the impact of a global energy crisis, placing mounting pressure on Prime Minister Tarique Rahman’s plans to
Volkswagen chief executive Oliver Blume has secured stakeholder backing for his turnaround plan, but the German carmaker now faces difficult negotiations over job cuts and plant closures, alongside unresolved questions about its
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For decades, Sri Lanka’s national airline has occupied an uneasy place in the country’s public life: a source of national pride on one hand and a continuing financial burden on the other.
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Indonesian President Prabowo Subianto has sacked finance minister Purbaya Yudhi Sadewa and appointed his deputy, Suahasil Nazara, as his replacement, the president’s office said on Monday, Reuters reported. Suahasil, who has served
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Sri Lanka’s Parliament is providing official residential units in the Madiwela parliamentary housing complex to 111 serving lawmakers at a monthly rent of just Rs.2,000 per unit, according to information released under
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When Milan Shrestha returned to the aftermath of devastating floods in northern Nepal, his family hotel in Betrawati was gone. His parents, both in their late 50s, had escaped by moving uphill,
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Nearly 30 officers and officials have reportedly left Sri Lanka’s Parliament in recent months to take up employment elsewhere, with most of those departing said to have moved to the private sector.
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The sharp rise in government bond yields is increasing debt-servicing costs across the Group of Seven, adding pressure to public finances already strained by historically high levels of borrowing. The United States
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In 1993, James Carville, a senior adviser to US President Bill Clinton, made an unusual wish. If he were reincarnated, he said, he would rather return as the bond market than as
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A debt crisis may not be imminent in the United States, but one of the world’s most prominent economists believes the country is becoming dangerously less prepared for the next major shock.
More The Concern I recently received a message from a concerned traveller who regularly uses Sri Lankan Airlines’ services. The communication included a recording in which a journalist conveyed an alarming proposition: that
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Sri Lanka could face what former president Ranil Wickremesinghe described as one of the country’s most severe economic battles if it fails to increase its foreign reserves to US$15 billion within the
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The US national debt is set to surpass $40 trillion this week, months earlier than forecasters had expected, as faster borrowing reflects both the government’s widening fiscal gap and billions of dollars
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The Reserve Bank of India likely intervened in the foreign exchange market on Monday, four traders told Reuters, as uncertainty over the Middle East conflict kept oil prices elevated and sentiment jittery.
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The emergence of complex pricing structures among funeral service providers in recent years has led to a rise in complaints from people who say they were made to sign contracts for more
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The United States’ ambitious Golden Dome missile-defence initiative is approaching a critical point, with its senior military leader expressing confidence in the programme’s ability to deliver its planned capabilities within a stated
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