SVB is largest bank failure since 2008 financial crisis

Sources said the bank tried to look at other options, including a sale, until regulators stepped in and shut the bank down.

12 March 2023

Maldives debt service requirements in 2026 to cross $ 1b

The impact on the country’s reserves has fallen to an unprecedented level in recent history, Erdem Atas noted.

23 November 2023

As banking sector confidence falters, central banks to do more

U.S. regulators said last week the banking system remained 'sound and resilient' in a bid to calm markets and bank depositors.

27 March 2023

Sri Lanka's bondholders send debt rework proposal to government

Bondholders and government officials met in Washington this week, with legal and financial advisers for both sides present, two sources said.

16 April 2023

Sri Lanka surprises with 250 basis-point rate cut

The national inflation rate was at 33.6% in April, easing from 73.7% in September.

2 June 2023

Pakistan clinches last-gasp $3 billion IMF bailout

Reforms in the energy sector, which has accumulated nearly 3.6 trillion Pakistani rupees.

1 July 2023

Deadly chaos as Pakistanis scramble for scarce donations

With prices rising, the funds that donors are giving are not stretching as far as they did.

6 April 2023

Maldives economy on red alert; headed towards crisis

"Everybody [all the politicians] wanted to promise their voters good things without saying, well, this would actually cost a lot of money, which we don't have".

23 November 2023