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

IMF approves US$ 251.4 million payout for Sri Lanka

Colombo, Dec 8 (newsin.asia) - The Executive Board of the International Monetary Fund (IMF) has completed the third review of Sri Lanka’s economic performance under the program supported by a three-year extended arrangement under the Extended Fund Facility (EFF) arrangement. Completion of the review enables the disbursement of US$ 251.4 million, bringing total disbursements under the arrangement to US$ 759.9...

Maldives-China FTA to be signed during Yameen’s Dec 6 to 9 visit to Beijing

Free trade and OBOR pacts take Sino-Maldivian ties to a new height

The signing of a Free Trade Agreement and an MoU on cooperation in implementing China’s ambitious and prestigious One Belt One Road (OBOR) international connectivity project at the Great Hall of People in Beijing on Thursday, has taken Sino-Maldivian relations to a new height, writes P.K.Balachandran in South Asian Monitor. The signing, watched by Chinese President Xi Jinping and the...

China and Maldives sign Free Trade and OBOR cooperation agreements

China and Maldives sign Free Trade and OBOR cooperation agreements

Beijing, December 7 (newsin.asia): In a landmark event at the Great Hall of People here on Thursday, Maldives and China signed a Free Trade Agreement (MCFTA) as well as an MoU on cooperation in implementing China’s ambitious and prestigious One Belt One Road (OBOR) international connectivity project. In all twelve agreements were signed in the presence of the visiting Maldivian...

Yameen says China is Maldives’ “closest development and commercial partner”

Yameen says China is Maldives’ “closest development and commercial partner”

Beijing, December 7 (newsin.asia): The Maldivian President Abdulla Yameen, who is on a three-day visit to China at the invitation of the Chinese President Xi Jinping, has said that China is Maldives’ “closest development and commercial partner.” Speaking at the official reception held to mark the 45 th. anniversary of the establishment of diplomatic relations between the two countries on...

Yameen in China to further economic ties

Yameen in China to further economic ties

Beijing,December 6 (newsin.asia): The Maldivian President Abdulla Yameen, accompanied by First Lady Fathimath Ibrahim, arrived here on Wednesday on a three-day visit to China to further the already strong economic ties between the two countries. Yameen, who is on a State visit at the invitation of his Chinese counterpart, Xi Jinping, is expected to oversee the signing of key agreements designed...

Maldives-China FTA to be signed during Yameen’s Dec 6 to 9 visit to Beijing

Maldives-China FTA to be signed during Yameen’s Dec 6 to 9 visit to Beijing

Colombo, December 5 (newsin.asia): The Maldives-China Free Trade Agreement (MCFTA) which was passed by the Maldivian parliament recently, is likely to be signed during Maldivian President Abdulla Yameen’s three-day visit to Beijing which begins on December 6, a Maldivian official said. . A brief note issued on Monday said the trip, which takes place from December 6 until December 9. “High-level...

Maldives- China FTA will not affect commercial and security ties with India: Maldivian envoy

Maldives- China FTA will not affect commercial and security ties with India: Maldivian envoy

Colombo, December 4 (The Hindu): Enhanced trade relations with China will not affect Maldives’s relations with its neighbors, said a visiting Maldivian Minister, the country’s Attorney General and the Ambassador in Sri Lanka here on Monday. They were defending the recently concluded Free Trade Agreement with China which has drawn flak from the opposition parties and caused concern in the...

Ex-Maldivian Prez Nasheed constitutionally barred from contesting 2018 election

Ex-Maldivian Prez Nasheed constitutionally barred from contesting 2018 election

Colombo, December 4 (newsin.asia): Former Maldivian President Mohamed Nasheed, the Jumhoori Party leader Gasim Ibrahim, and Sheikh Imran, leader of the Adalaath Party, cannot contest the September 2018 Maldivian Presidential election because they do not qualify to do so under the constitution of the country, the Maldivian Ambassador to Sri Lanka, Mohamed Hussain Shareef, said here on Monday. The envoy,...

Air show kicked off in Dubai without Qatar Airways

Air show kicked off in Dubai without Qatar Airways

Dubai, Dec 3 (DAWN) - The biennial Dubai Airshow got underway last week as the world's biggest defence companies promoted their weapons amid heightened tensions between Saudi Arabia and Iran. Other airlines also took part, but missing from the trade show this year was one of the region's largest long-haul carriers, Qatar Airways, amid diplomatic fallout between Qatar and four...

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