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    Tag:foreign exchange

    Cash-Strapped Taliban Turns to Coal

    Coal is the easiest source of foreign exchange for a stressed economy under Taliban governance, but all doesn’t seem to go well. The prices...

    Sri Lankan Economic Crisis Inflicted by Self-Serving Elite

    Once deemed a basic human needs success story, Sri Lanka is now in its worst economic crisis since independence in 1948. Nonetheless, Sri Lanka’s...

    Democratic Nepal’s Backroom Politics Resemble Palace Intrigues of Yesteryears

    Life has been tough for the finance minister, especially with his political opponents gunning for him in the midst of an economic crisis the...

    Nepal Works to Promote Remittances; Tightens Screws on Imports

    Banking bodies and associations of non-residents have been roped in by the Nepal government to curb the flow of currency and attract foreign exchange...

    Sri Lanka’s Political Turmoil Risks Derailing the Economy Further

    Sri Lanka is facing unprecedented political turmoil, and with the economy in a tailspin it is in its weakest state in decades. The country...

    In Sri Lanka, Rajapaksas on the Ropes

    With the economy in freefall and basics such as food and fuel in dangerously short supply, there is mounting public anger against a failing...

    Lack of Money to Import Paper Leads to Postponement of School Examination

    The past week has seen public protests outside the presidential office and a social media campaign trending as “Gota Go Home” that calls on...

    Sri Lanka’s best-known tourism ambassador wants to leave as economy tanks

    Challenged to import fuel to run its power plants and with its dams running out of water reserves and not producing electricity, Sri Lanka’s...

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    War, huh, Yeah, What is it Good For?

    One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.
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    World Bank Unveils $1 Billion Package to Spur Jobs and Private Sector Growth in Sri Lanka

    Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.

    UN Secretary-General Urges Military restraint from India, Pakistan

    He offered his good offices to both governments to help defuse tensions and promote diplomacy, stressing that “a military solution is no solution.”

    Must read

    War, huh, Yeah, What is it Good For?

    One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.

    World Bank Unveils $1 Billion Package to Spur Jobs and Private Sector Growth in Sri Lanka

    Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.