China’s consumers, while wary of big-ticket purchases such as cars or apartments, are spending again. Many factories are still running below capacity, but exports are strengthening. Even as construction of new housing is slowing, investment…
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 China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an International Monetary Fund (IMF) lifeline, provides little clarity on how negotiations will unfold or whether this could herald…
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When Russia invaded Ukraine, a phalanx of Western companies pledged to get out fast from what had once been an important market. McDonald’s dismantled its golden arches after 32 years. Oil giant BP moved to divest its mammoth Russian…
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Sri Lanka is struggling to come out of its unprecedented economic crisis as delay in a $2.9 billion International Monetary Fund (IMF) loan approval and Local Government polls scheduled for March 9 have increased the political risks in the…
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The market rout suffered by Indian tycoon Gautam Adani is the latest corporate scandal to plague one of the world's largest economies despite Prime Minister Narendra Modi's efforts to root out corruption
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Lacking resources to buy even essentials like fuel, Sri Lanka's economy is falling into an ever-deepening abyss. The poverty rate has doubled in one year; output has cratered and inflation soared
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Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect storm that could set off a wave of messy defaults and…
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Sri Lanka has aimed at increasing tax revenue by 69% to fund government spending in the crisis-hit economy, but analysts say the 2023 budget failed to address core issues on excess spending and articulate strong policies on restructuring…
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Sri Lanka’s fiscal situation has been facing turmoil since the global financial crisis of 2008 as well as the 26-year-long civil war that ended in 2009, draining the country of valuable resources over the years
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There is no doubt that International Monetary Fund (IMF) loans often come with a set of conditionalities that most countries find unfavourable to implement. With its ongoing economic crisis and complex multilateral debt negotiations between…
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