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Cash-strapped Sri Lanka began voting for its next president on Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation’s unprecedented financial crisis.
COLOMBO - Millions of Sri Lankans cast their votes on Sept 21 to select a new president who will face the task of cementing the South Asian country's fragile economic recovery following its worst financial crisis in decades.
A second Trump presidency would almost guarantee the latter, given his well-documented volatility and habit of proclaiming often unworkable tariffs on imports. Experts warn the ex-president’s unpredictability poses significant risks for Asia and the global economy during a precarious period.
China on Friday kept its main benchmark lending rates unchanged at the monthly fixing.
The Bank of Japan kept its benchmark interest rate steady at "around 0.25%" — the highest rate since 2008 — at the conclusion of a two-day meeting Friday.
Economic issues top the agenda as the South Asian island country of 22 million heads to the polls to elect its 10th president.
China's yuan rose to its strongest level in nearly 16 months on Friday on bets that Beijing will unveil fresh economic stimulus following a jumbo U.S. rate cut, though gains were capped by dollar buying from Chinese state banks.
Ranil Wickremesinghe, Anura Kumara Dissanayake and Sajith Premadasa are contesting an election focused on the economy.