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The move comes after Colombo cut subsidies, doubled taxes and promised to privatise hundreds of state enterprises under a $2.9 billion IMF bailout agreed in March.
The move comes after Colombo cut subsidies, doubled taxes and promised to privatise hundreds of state enterprises under a $2.9 billion IMF bailout agreed in March.
News
Sri Lanka unveils debt restructure to tackle economic crisis
COLOMBO - Sri Lanka's central bank unveiled a far-reaching debt restructuring plan on Thursday...
Two indicators that have led to the prediction, which are the US Conference Board’s leading economic index and the shape of the yield curve in the US Treasury. - AFP PIX
Two indicators that have led to the prediction, which are the US Conference Board’s leading economic index and the shape of the yield curve in the US Treasury. - AFP PIX
National
Eastspring warns the odds of a US recession rising
KUALA LUMPUR - Eastspring Investments (Eastspring) has warned that the odds of a recession in the...
Picture for illustrative purposes - FILE PIX by PDRM
Picture for illustrative purposes - FILE PIX by PDRM
National
Police bust syndicate smuggling drugs via TikTok, WeChat
JOHOR BAHRU - Police busted a syndicate that used TikTok and WeChat applications to sell drugs...
Economy Minister Rafizi Ramli during a press conference on the consumer price index (CPI) for the month of May held at the ministry in Putrajaya. - Photo by Bernama
Economy Minister Rafizi Ramli during a press conference on the consumer price index (CPI) for the month of May held at the ministry in Putrajaya. - Photo by Bernama
National
BNM's intervention in forex market is not out of the ordinary - Rafizi
PUTRAJAYA - Intervention in the foreign exchange (forex) market is a normal and routine matter for...
The ringgit extended its gains to open higher this morning, amidst positive developments in the Asian foreign exchange (forex) market.
The ringgit extended its gains to open higher this morning, amidst positive developments in the Asian foreign exchange (forex) market.
National
Ringgit extends gains vs US dollar opening
KUALA LUMPUR - The ringgit extended its gains to open higher this morning, amidst positive...
Photo for illustration purposes only - FILE PIX
Photo for illustration purposes only - FILE PIX
National
Ringgit opens marginally higher vs US dollar
KUALA LUMPUR - The ringgit continued its positive movement to open marginally higher against the US...
Illustrative purpose (123rf)
Illustrative purpose (123rf)
LETTERS
The Ringgit's Slide: Shattered confidence due to flip-flopping
In the past year, the Malaysian ringgit has lost approximately 10 per cent of its value against the...
Governor Tan Sri Nor Shamsiah Mohd Yunus - Facebook
Governor Tan Sri Nor Shamsiah Mohd Yunus - Facebook
National
Through a pandemic and four prime ministers, BNM stood tall under governor Nor Shamsiah
KUALA LUMPUR - "Outstanding achievement” is the most accurate phrase to illustrate Bank Negara...
Image for illustrative purposes only. - FILE PIX
Image for illustrative purposes only. - FILE PIX
National
Clerk loses over RM100,000 to investment scam
KUANTAN - The desire for quick profits ended in a disaster for a clerk when she lost more than...
Photo for illustration purposes only - FILE PIX
Photo for illustration purposes only - FILE PIX
National
External pressures weigh on Ringgit to close lower for fifth consecutive day
KUALA LUMPUR - External pressures continue to weigh on the ringgit, causing it to close lower...
New
Swatch Malaysia's controversial watch collection - Photo: SWATCH MALAYSIA
Swatch Malaysia's controversial watch collection - Photo: SWATCH MALAYSIA
Court orders return of 172 'Pride Collection' watches to the Swatch Group
Nagomi Art Workshop by Jenny Ho who guided us through this Japanese art form that blends mindfulness with creativity.
Nagomi Art Workshop by Jenny Ho who guided us through this Japanese art form that blends mindfulness with creativity.
LAC retreat: A serene reset for the mind, body, and soul to welcome the new year
A view of the US Capitol building on November 21, 2024, in Washington, DC. - Photo for illustration purpose only/AFP
A view of the US Capitol building on November 21, 2024, in Washington, DC. - Photo for illustration purpose only/AFP
Trump may appoint businessman as Pentagon deputy chief
A supporter holds a sign at a press conference with Menendez family members outside the Criminal Courts Building on October 16, 2024 in Los Angeles, California. File photo by AFP
A supporter holds a sign at a press conference with Menendez family members outside the Criminal Courts Building on October 16, 2024 in Los Angeles, California. File photo by AFP
Court hearing as parent-killing Menendez brothers bid for freedom
Dustmen collect plastic garbage left by the roadside in Bangkok on September 10, 2024. (Photo by Chanakarn Laosarakham / AFP)
Dustmen collect plastic garbage left by the roadside in Bangkok on September 10, 2024. (Photo by Chanakarn Laosarakham / AFP)
'Easy, convenient, cheap': How single-use plastic rules the world
Most Popular
Man Utd 'confused' and 'afraid' as Ipswich hold Amorim to debut draw
Manchester United's Portuguese head coach Ruben Amorim reacts during the English Premier League football match between Ipswich Town and Manchester United at Portman Road in Ipswich, eastern England on November 24, 2024. (Photo by Darren Staples/AFP)
Manchester United's Portuguese head coach Ruben Amorim reacts during the English Premier League football match between Ipswich Town and Manchester United at Portman Road in Ipswich, eastern England on November 24, 2024. (Photo by Darren Staples/AFP)
Muhyiddin carefully considered Azmin’s qualifications - Hamzah
Datuk Seri Hamzah Zainudin. PHOTO SINAR/MOHD HALIM ABDUL WAHID
Datuk Seri Hamzah Zainudin. PHOTO SINAR/MOHD HALIM ABDUL WAHID
Mbappe on target as Real Madrid cruise to Leganes win
Real Madrid's French forward Kylian Mbappe (R) celebrates scoring the opening goal with Real Madrid's Brazilian forward Vinicius Junior and Real Madrid's Turkish midfielder Arda Guler (L) during the Spanish league football match between Club Deportivo Leganes SAD and Real Madrid CF at the Estadio Municipal Butarque in Leganes on November 24, 2024. (Photo by OSCAR DEL POZO/AFP)
Real Madrid's French forward Kylian Mbappe (R) celebrates scoring the opening goal with Real Madrid's Brazilian forward Vinicius Junior and Real Madrid's Turkish midfielder Arda Guler (L) during the Spanish league football match between Club Deportivo Leganes SAD and Real Madrid CF at the Estadio Municipal Butarque in Leganes on November 24, 2024. (Photo by OSCAR DEL POZO/AFP)
'Easy, convenient, cheap': How single-use plastic rules the world
Dustmen collect plastic garbage left by the roadside in Bangkok on September 10, 2024. (Photo by Chanakarn Laosarakham / AFP)
Dustmen collect plastic garbage left by the roadside in Bangkok on September 10, 2024. (Photo by Chanakarn Laosarakham / AFP)
Poor blood health can compromise outcomes of cancer therapy - Expert
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