United National Party (UNP) yesterday blamed the current political crisis of the country having a detrimental effect on Sri Lanka’s economy with agencies threatening to downgrade the country’s credit ratings
Reuters: The rupee traded at a record low yesterday but closed firmer due to Central Bank dollar sales.
His Excellency the President, and the Honorable Prime Minister and Minister of Finance and Economic Affairs have raised concerns regarding the serious setback in the economy as reflected in the persistently low growth rates during the last 3 years along with the rising cost of living. The Honorable Prime Minister is of the view that ill-conceived economic and financial policies of the previous Government have led to this situation by marginalizing localentrepreneurs, industries and domestic production.
Two former Goldman Sachs bankers and Malaysian financier Jho Low have been hit with US criminal charges in connection with one of the world's biggest financial scandals.