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Sri Lanka hikes tax rates, slashes taxpayers’ relief to boost revenue

Sri Lanka's cash-strapped government on Tuesday announced a taxation overhaul...

China unveils detailed stimulus policies to support virus-hit economy

China's cabinet unveiled a package of 33 measures covering fiscal,...

Indian home prices to accelerate again

Indian house prices are set to accelerate this year to...

ADB stepped up support for Covid-19 response last year

The Asian Development Bank’s private sector operations stepped up support...

WB to disburse $700m to Sri Lanka

The World Bank will disburse approximately USD 700 million to...

Sri Lanka to pay $72.6m for 90,000 tonnes Russian oil, minister says

Sri Lanka will pay $72.6 million to buy a 90,000-tonne...

Hong Kong seeks to revive global banking status

Hong Kong's central bank plans to hold a major conference...

World Bank president says war in Ukraine may trigger global recession

World Bank President David Malpass on Wednesday suggested that Russia's...

Asia's war on inflation targets supply, not consumers

From export bans to price controls, governments in Asia are...

Russia inches closer to debt default as its licence to pay US bondholders expires

The United States pushed Russia closer to the brink of...

Sri Lanka's prime minister takes on crucial finance ministry portfolio

Sri Lanka's Prime Minister Ranil Wickremesinghe will hold dual charge...

Food crisis fuels fears of protectionism compounding shortages

A growing world food crisis is precipitating protectionist moves by...

Western countries must not trade security for economic profit, says NATO

Western countries must not trade security for economic profit, NATO...

Sri Lanka increases fuel prices to address economic crisis

Sri Lanka increased fuel prices on Tuesday, a long-flagged move...

Pakistan central bank hikes main policy rate by 150 bps to 13.75pc

Pakistan's central bank raised the key policy rate on Monday...

Biden to launch Indo-Pacific economic plan to counter Beijing  

US President Joe Biden arrived in Japan on Sunday to...

Governments should subsidise food and energy, IMF boss says

Governments need to subsidise the cost of food and energy...

Indian government trims tax on fuel to fight inflation

India's Finance Minister Nirmala Sitharaman on Saturday announced a reduction...

Australia reports 48-year-low jobless rate

Australia's unemployment rate stood at its lowest in almost 50...

Pakistan bans import of luxury goods as rupee hits new lows

Pakistan has imposed a complete ban on the import of...

China wants to expand BRICS bloc of emerging economies

China wants to expand the group of emerging economies known...

World Bank to offer $30 billion to address global food crisis

The World Bank said on Wednesday it will make $30...

UK inflation hits 40-year high

Britain’s inflation rate rose to the highest level in 40...