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Pakistan, Sri Lanka, India debt woes draw eerie parallels to 1997-style crisis

South Asia s economic and political instability this summer draws eerie parallels to the Asian Financial Crisis 25 years ago, Bloomberg reports ....

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South Asia Debt Woes Evoke Fears of Another 1997-Style Crisis - Adaderana Biz English

Back then, Thailand’s devaluation led to a global market collapse. A sequel might be in the works. Bloomberg – Pakistan is scrambling for a bailout to avert a debt default as its currency plummets. Bangladesh has sought a preemptive loan from the International Monetary Fund. Sri Lanka has defaulted on its sovereign debt and its government has collapsed. Even India. ....

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Advisory Council appointed for Automobile Assembling & Components Manufacturing Industries

Minister of Industries,
Wimal Weerawansha recently appointed the chairman and members of the Advisory
Council of the Automobile Assembling and Automobile Components Manufacturing
Industries in Sri Lanka. The appointments were made as part of the programme to
focus greater attention on the twenty ind ....

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Is Sri Lanka's pandemic debt moratorium interest free? – fact checked

For the borrowers who did not pay the interest, a separate interest for that unsettled interest payment will be charged. ....

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