COLOMBO Sri Lanka's central bank surprised financial markets on Tuesday by leaving its key policy rates unchanged, despite heavy pressure on the rupee currency and foreign outflows from government securities.
MALE/COLOMBO More than a quarter of a million people will vote on Sunday for the next leader of the tropical Maldives in an election criticised internationally for a lack of transparency and suppression of government critics.
MALE/COLOMBO The main Maldives opposition party said on Wednesday that President Abdulla Yameen's government must ease "draconian" visa measures limiting the number of foreign journalists coming to cover a presidential election on Sept. 23.
COLOMBO/MALE Maldives accused the United States of intimidation on Friday, a day after Washington called for the release of "falsely accused" political prisoners and threatened action if the island's upcoming election is not free and fair.
COLOMBO Sri Lanka's central bank will intervene in the foreign exchange markets if its rupee currency moves for any reasons other than global trends, Nandalal Weerasinghe, the bank's senior deputy governor, told Reuters on Friday.
COLOMBO Thousands of Sri Lankan opposition demonstrators led by former leader Mahinda Rajapaksa blocked a main road in Colombo on Wednesday in protest at economic hardship and the delaying of provincial polls.
COLOMBO China wants to build houses and roads in Sri Lanka's north, much of which is in a state of disrepair nearly a decade after the end of civil war, Chinese and Sri Lankan officials said, in a bid to expand it influence beyond the island's south.
COLOMBO Sri Lanka's central bank is concerned about the dollar hoarding and market manipulation that's exacerbating the rupee's weakness and has the tools to correct any misalignment in the exchange rate, its governor told Reuters.
COLOMBO Sri Lanka's cabinet has approved a proposal for Singapore-based urban planning consultancy Surbana Jurong Pvt Ltd, owned by state investor Temasek Holdings Ltd, to draw up a plan for a Chinese investment zone in the country's southern port city of Hambantota, a government spokesman said on Wednesday.
COLOMBO China has dragged the Maldives into a debt trap and any future government formed by the opposition will be unable to repay the loans unless a review cuts them to real value, exiled former president Mohamed Nasheed told Reuters on Monday.