View(s): While in our small paradise we were worried about the depreciating rupee-dollar exchange rate that surpassed Rs. 160 last week, world attention was grabbed by something more shocking – the opening gunshots of a trade war between US and China. Looking at this more closely, however, we saw that there are peculiar policy mixes too in the two countries. The US … [Read more...] about US-China trade war: “Cool ground” and “hot ground”
Archives for June 2018
ECONOMYNEXT – Sri Lanka has shuffled several Chinese loans to state agencies and companies in a bid to understate central government debt in 2010 and 2013, State Minister Eran Wickramaratne has said in parliament responding to queries raised by the state audit chief.Wickremerante said the Auditor General was correct to raise the queries, but the loans had been hidden in 2010 … [Read more...] about Sri Lanka had shuffled Chinese loans to understate debt in 2010-2013: Minister
Minister of Industry and Commerce, Rishad Bathiudeen stress-tests floor tile samples shown by exhibitors from China Liaoning Province after the inauguration of Construction Expo 2018 at BMICH on June 29. Sri Lanka’s construction sector is increasingly played by foreign investments (FDI), rather than locally generated funds. The main reason: The sector’s annual output value is … [Read more...] about Sri Lanka’s $3Bn construction sector starts repairing work to recover from foreign hands
► Subscribe: https://www.youtube.com/c/DefenseFlashNews ► CHECK OUT THIS 9000+ MORE VIDEOS: https://www.youtube.com/playlist?list=PLgt2lndbOCnYwrhRgL3jhp_RKJ_I9XrPCDefense Flash News: U.S. Marines, Sri Lanka service members train together for RIMPAC MARINE CORPS BASE HAWAII, HI, UNITED STATES 06.28.2028 Video by Staff Sgt. Demetrius Munnerlyn III Marine Expeditionary Force … [Read more...] about U.S. Marines, Sri Lanka service members train together for RIMPAC MARINE CORPS BASE HAWAII, HI, U.S.
Exports remain unchanged compared to April 2017, higher appetite for vehicle imports Reserves hit $9.9b supported by latest tranche of IMF funding Rupee depreciates by 3.7% at end June, decline in line with other major currencies as dollar grows stronger Gold imports remain stubbornly high despite tax increase, but CB expects demand to diminishSri … [Read more...] about Trade deficit widens in April as exports stay flat: CB