IMF warns Sri Lanka to tighten monetary policy if inflation, credit growth does not abate

IMF says Sri Lanka’s economy to grow 4.4% in 2018 but corruption must be combated

Colombo, March 12 ( - Sri Lanka’s economy is projected to grow by 4.4 percent in 2018, the International Monetary Fund (IMF) said in its latest update but warned reforms including a fuel price rise earlier tabled for March, remain critical to strengthen debt repayment capacity, improve state enterprise performance and put the overall economy on a stronger footing, local media...

Pakistan is no country for working women

Pakistan is no country for working women

By Iftikhar Ahmad/Express Tribune Though women constitute 49% of Pakistan’s population, they constitute only 24% of the labor force. The ILO data indicates that Labour Force Participation Rate (LFPR) for men (82.5%) is more than three times higher than women (24.8%). The gender gap in LFPR is one of the world’s highest, making Pakistan comparable with Arab states and countries...

Sri Lankan PM says anti-Muslim riots have adversely affected tourism

Sri Lankan PM says anti-Muslim riots have adversely affected tourism

Colombo, March 8 (AFP): Sri Lanka's prime minister said Thursday that a spate of anti-Muslim riots had damaged the island's reputation as a tourism hotspot as it prepares to host an international cricket tournament. Rioting has left three dead and more than 200 Muslim-owned establishments in ruins in Kandy, a picturesque hill district famed for its tea plantations and Buddhist...

With Maldivians confused, threat to regime is largely from outside

With Maldivians confused, threat to regime is largely from outside

Threats to the Abdulla Yameen regime in the Maldives from the outside world appear to be greater than those emanating from the country itself, writes P.K.Balachandran in DailyFT. The internal situation in the archipelago of 1,200 islands is well under control, partly on account of the regime’s strong arm methods and partly account of an indifference generated by the disappointing...

Unlimited number of Sri Lankan flights can now operate from six Indian airports

Sri Lanka’s national airline carrier faces delayed flights, congestion at airport

Colombo, Feb 27 ( - Sri Lanka's national airline carrier, Sri Lankan Airlines, on Tuesday said it was experiencing flight delays and congestion at Colombo’s main international airport due to a combination of 'unforeseen events', including a bird strike which damaged an aircraft in Cochin, in south west India. In an 'urgent travel' alert, the Airline said these events had caused...

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