Economics

Sri Lanka Tyre Makers’ Import Control Plan Faces Backlash, Minister’s Proposal Draws Criticism

Hundreds of online followers criticized Trade Minister Wasantha Samarasinghe after he revealed that local tyre producers had requested further import controls. They argued.

  • January 6, 2025
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Economics

Maldives Banking System Faces Excess Liquidity Crisis with 6.7 Billion Rufiyaa Amid Forex Shortages

A recent report highlights that the Maldives banking system is grappling with 6.7 billion rufiyaa in excess liquidity, a legacy of money printing.

  • September 2, 2024
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Economics

Fitch Downgrades Maldives Credit Rating to ‘CC’ Amid Falling Reserves and Rising Debt

Fitch Ratings has downgraded the Maldives’ credit rating from CCC+ to CC, citing a decline in foreign reserves and the upcoming repayment of.

  • September 2, 2024
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