Sri Lanka
Singapore allocates $250,000 for regional weather disaster relief
Intense monsoon systems, tropical storms, and cyclones have recently unleashed large-scale floods and landslides in Southeast Asia and Sri Lanka.
ADB follows World Bank in revising policy on support for nuclear power financing
The Asian Development Bank has revised its energy policy to allow direct support for nuclear power, signalling a notable shift in how multilateral lenders approach baseload generation in emerging Asian economies.
Asian utilities locked into coal as long-term contracts slow transition
Asia’s shift towards cleaner energy is being hampered by decades-long coal power agreements that continue to bind utilities to fossil-fuel generation, even at times when cheaper renewable supplies are readily available.
Sri Lanka’s economic recovery strengthens but remains incomplete
Sri Lanka’s economy has shown solid signs of recovery in 2025, but the rebound remains partial, with output still below pre-crisis levels and poverty rates significantly elevated, according to the World Bank’s latest Sri Lanka Development Update.
COMMENT: For Asia, dealing with Europe isn’t about achieving success; it’s about concealing failure
To be taken seriously in Asia, Europe must rediscover the courage to deliver, not merely declare. Asia has moved on to execution. Europe is still editing its initial policy draft.
Asian economies weigh their options amid fears of over-reliance on Chinese rare-earths
Just how control over these critical minerals plays out will be a long fought battle lasting decades, and one that will increasingly define Asia’s industrial future.
Sri Lanka’s economic escape
Sri Lanka’s recovery over the past year reads like a narrow escape rendered into a cautious, albeit unfinished success story.
Gold price in Sri Lanka plunges
The sudden drop of around LKR20,000 in both 22- and 24-carat sovereigns adds to a volatile recent run for precious-metals pricing in the island nation: only days earlier, gold prices were noted to be climbing.
The Asian nations backing the Russian war effort – from India to Taiwan, China to Indonesia
While many Asian nations have quietly distanced themselves from Moscow in a bid to fall into line with US or European allies, several continue to engage with Russia, providing varying degrees of support that help sustain its military campaign.
Global Alliance commits $7.5bn to clean energy in developing world
Analysts have repeatedly warned that clean energy investment in developing economies such as Afghanistan, but excluding China, remains dangerously below levels required to meet international climate objectives.
Argentina’s meltdown, Asia’s dilemma
Argentina has been here before - the country having endured multiple financial meltdowns over the last half-century - each one leaving scars on its once vibrant society and economy.
Sri Lanka’s government debt projected to peak at 101% of GDP in 2025
Sri Lankan banks hold substantial amounts of government debt, with total exposure exceeding 20% of system assets. Interest expenditure remains high, with payments expected to reach 51% of government revenue in 2025.