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ASIA: Crisis-stricken Sri Lanka defaulted on its $51 billion external debt on Tuesday, calling the move a "last resort" after running out of foreign exchange to import desperately needed goods. Sri Lanka's finance ministry said in a statement that creditors, including foreign governments, were free to capitalize any interest payments due to them from Tuesday
Spread the lovemore ASIA: Japanese authorities ordered crypto exchanges on Monday not to process transactions involving crypto assets subject to asset-freeze sanctions against Russia and Belarus over the war in Ukraine. The Japanese government will strengthen measures against the transfer of funds using crypto assets that would violate the sanctions, the FSA and the Ministry […]
Spread the lovemore ASIA: Singapore is committed to reopening its economy and borders to the rest of the world, said Deputy Prime Minister Heng Swee Keat on Monday. The continued opening of the vaccinated travel lanes (VTLs) for quarantine-free travel with more than 20 countries despite the global surge in Covid-19 cases reflects this commitment, […]
Spread the lovemore ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 250.67 points or -0.90% to 27,522.26 Shanghai decreased 32.49 points or -0.91% to 3,522.57 Hang Seng increased 13.20 points or 0.05% to 24,965.55 ASX 200 decreased 166.60 points or -2.27% to 7,175.80 Kospi decreased 28.39 points or […]
ASIA: The Indian economy is poised to achieve 10.25 per cent GDP growth in FY 2021-22 on the back of effective government policies, Reserve Bank's accommodative