The Business Times
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economic crisis

Opinion & Features
THE BOTTOM LINE

Governments must implement reforms before the next big financial crisis

More than a thousand students rallied in central Jakarta on Jun 12 to accuse the government of failing to address economic pressures.
Asean Business

Indonesia’s fuel price hike, rupiah rout pile pressure on Prabowo as students protest

Higher energy and logistics costs are likely to persist across the economy, with small and medium-sized enterprises hit hardest.
Economy & Policy

Singapore to raise corporate tax rebates from 40% to 50%, widen energy grant to ease Iran war impact

Senior Minister of State for Finance Jeffrey Siow says Singaporeans are already feeling the impact of the Middle Eastern conflict on the ground through rising petrol and diesel prices.
Economy & Policy

Singapore rolls out S$1 billion support package as energy costs rise, expands corporate tax rebates and payouts

Former President Gotabaya Rajapaksa (top) and his brother, former Prime Minister Mahinda, were among several government officials whose conduct contributed to the country’s worst economic crisis in decades.
International

Sri Lanka's top court says ex-president among those who contributed to economic crisis

Bangladesh has recently struggled to pay for imported fuel as its US dollar reserves have shrunk by more than a third due to costly imports following Russia’s invasion of Ukraine.
International

IMF, Bangladesh agree on first review of US$4.7 billion bailout

Sri Lanka owes China's Exim US$4.1 billion, or 11 per cent of the country's foreign currency debt, at the end of 2022.
International

Sri Lanka, Exim Bank of China reach pact on debt disposal

“The Ukraine economy is showing remarkable resilience and recent economic developments point to a gradual economic recovery in 2023, although the outlook remains highly uncertain as exceptionally high war-related uncertainty persists,” the IMF says.
International

Ukraine, IMF reach agreement for US$900 million loan disbursement

The credit line, part of about US$4 billion in emergency assistance extended by India during the peak of Sri Lanka’s financial crisis early last year, was scheduled to end in March.
International

India extends US$1 billion credit line for Sri Lanka by a year

The government will present a comprehensive plan for treating foreign as well as local debt, PKG Harischandra, director of economic research at the central bank.
International

Sri Lanka pushes debt restructuring presentation to mid-May

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