India has been ranked as the 58th most competitive economy on the World Economic Forum's global competitiveness index for 2018, which was topped by the US.India's rank rose by five places from 2017, the largest gain among G20 economies, the WEF said. On the list of 140 economies, the US is followed by … [Read more...] about India ranked 58th most competitive economy in WEF index, jumps 5 places from 2017
Economy
Armenia “most vulnerable to refinancing risks”
Baku, Azerbaijan, Oct. 11 Trend: Sri Lanka, Armenia and Pakistan top the list of emerging market countries that are most vulnerable to refinancing risks, as they face a combination of large upcoming redemptions and low foreign exchange reserves. These are the findings of the Moody's rating agency. “Since the international sovereign bonds will be redeemed in 2019 and 2020, the … [Read more...] about Armenia “most vulnerable to refinancing risks”
SL misses two key IMF targets as economy faces multiple challenges – Daily Mirror
Manuela Goretti Sri Lanka has missed two key International Monetary Fund (IMF) targets set for June end as part of her three-year bail out money, but the missed targets are unlikely to derail the stabilization programme as talks will continue between the parties on the future deliverables.When a self-inflicted balance of payment crisis hit the economy, Sri Lanka went to … [Read more...] about SL misses two key IMF targets as economy faces multiple challenges – Daily Mirror
UK economy gathers speed, outpaces eurozone – Daily Mirror
LONDON (AFP) - Britain’s economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed yesterday, helped partly by sunny weather and the World Cup football tournament.Gross Domestic Product -the value of all goods and services produced in an economy grew 0.4 percent in the three months to the end of June, the … [Read more...] about UK economy gathers speed, outpaces eurozone – Daily Mirror
Singer Sri Lanka ups sales and profits with recovery in rural economy – Daily Mirror
Singer Sri Lanka PLC reported modest growth in revenues and profits for the quarter ended on June 30, 2018 (1Q19) as the consumer durables retailer saw a rebound in business in all its segments, as the rural agricultural economy is seen recovering from last year’s crop losses. Singer reported Rs.15.1 billion in revenue for the April-June quarter, up 15 percent year-on-year … [Read more...] about Singer Sri Lanka ups sales and profits with recovery in rural economy – Daily Mirror