Sri Lanka
China’s $303bn ‘shadow trade’ exposed as apparent Asia-wide tariff dodge network
The report, carrying the somewhat dramatic title of ‘The Great Transshipment Scam’ and headed by an image of a Trojan horse style graphic, says Chinese exporters increasingly routed goods through third countries
Electrifying Asia – where EVs are reshaping power demand and fuel use
The winners are likely to be countries capable of building integrated ecosystems spanning renewable generation, batteries, charging networks and EV manufacturing.
Sri Lanka's deadliest prison riot in years leaves 26 dead
Fighting broke out between inmates from two rival drug gangs, with authorities later linking the initial trigger to tensions surrounding an inmate alleged to have passed information about a drug-trafficking operation to authorities.
Sri Lanka expects government revenue to decline in 2026
According to the Ministry of Finance’s Fiscal Strategy Statement 2027, total government revenue, including grants, is expected to fall to 15.8% of GDP in 2026 from an estimated 16.7% of GDP in 2025.
COMMENT: Iran war shows why Asia must quit fossil fuels
Across Asia, governments are now accelerating approvals for renewable projects and grid modernisation schemes. Battery storage investments are making headlines almost daily.
Asia welcomes Iran-US breakthrough, but caution remains
The tentative peace agreement between the United States and Iran has been greeted with a mixture of relief and caution across much of East and Southeast Asia, a region that has borne more than its fair share of the economic fallout of late.
Sri Lanka’s economy expands 5% in Q1
Gross Domestic Product at constant prices increased to LKR3.65 trillion ($11bn) during the January-March period, up from LKR3.48 trillion a year earlier. At current prices, Sri Lanka’s GDP rose 11% year-on-year
India's many territorial disputes and their impact on its economic potential
For much of the 26 years since the beginning of the millennium, India has aimed at becoming a rising economic power by way of first becoming a service centered hub and gradually shifting towards becoming a centre of manufacturing.