简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:At least 19 Sri Lankan Tamils have reached Dhanushkodi on a boat as Sri Lanka is going through an unprecedented economic crisis.
As many as 19 Sri Lankan Tamils from Jaffna and Mannar reached Dhanushkodi in Tamil Nadu on boat. These people, seeking refuge in India, said that living in Sri Lanka has become very difficult due to the severe economic crisis. The prices of essential commodities there have increased tremendously.
Sri Lankans seek refuge in India
On Friday, a couple with two children crossed the sea and reached the Indian coast. Till now, a total of 39 people, including women and children have reached the Indian coast to seek asylum. Sri Lanka is currently facing an economic crisis. In view of this, many people are reaching the Tamil Nadu border to take refuge in India.
Economic crisis in Sri Lanka
The 81-billion-dollar Sri Lankan economy is on the verge of collapse. The country is set to default on its debts now that it has to repay more than three times the amount it holds as foreign reserves. From the debt trap to inflation, many things contributed to the ongoing crisis.
How India is helping Sri Lanka
India has recently announced a loan of one billion dollars as financial assistance to Sri Lanka to deal with the economic crisis. The Indian High Commission on Wednesday announced the sending of two more fuel ships to Colombo under loan. Rice consignments are also being sent from India to Sri Lanka.Tamil Nadu Chief Minister MK Stalin on Thursday informed the Center that Tamil Nadu is ready to send essential items like rice and life saving medicines to Sri Lanka, keeping in mind the welfare of Tamils. All they need is permission for distribution through the Indian High Commission there.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
China introduced new measures on Monday to support its weakening currency, the yuan, amidst mounting economic and political pressures. The government announced plans to boost foreign exchange reserves in Hong Kong and ease borrowing restrictions for companies to improve capital flows.
Bursa Malaysia saw a slight dip on the final trading day of the year as profit-taking and cautious sentiment dominated. The FBM KLCI declined 3.4 points to 1,634.28, with muted turnover of RM822.07 million due to year-end festivities. Blue-chip stocks, including Tenaga Nasional and Telekom Malaysia, experienced declines, while regional markets remained subdued amid global uncertainties. As 2024 approaches, investors remain cautious, balancing risks with potential opportunities.
The Federal Reserve has implemented multiple interest rate cuts in 2024, bringing the rate to a range of 4.25%-4.5% by the end of the year. However, whether the Fed will continue cutting rates or shift to rate hikes in 2025 remains uncertain. The Fed's policy direction depends not only on economic data but also on internal adjustments, the policy direction of the new president, and other factors.
Morgan Stanley secures regulatory approval to enter China's futures market, expanding its presence and joining J.P. Morgan in the rapidly growing derivatives sector.