Sri Lanka reached a draft deal with creditors to restructure $12.5 billion of international bonds, it said on Thursday, in a major boost to the island nation’s fragile recovery just two days before its presidential election. The country defaulted on its foreign debt for the first time ever in May 2022, engulfed in a severe crisis and buckling under its high debt burden and dwindling foreign exchange reserves. The agreement comes after Sri Lanka began a third round of formal debt restructuring talks with bondholders last week. The country had to renegotiate parts of a previous draft deal, which it…
Author: LMD International
LONDON/COLOMBO (Reuters) -Sri Lanka’s election this coming Saturday has raised doubts over when its long-awaited debt deal with bondholders will be finalised, if it keeps up with its IMF programme targets and even whether it results in a president inclined to change both. Two of the leading presidential contenders, opposition leader Sajith Premadasa and Marxist-leaning parliamentarian Anura Kumara Dissanayake, have expressed interest in reworking Sri Lanka’s $2.9 billion International Monetary Fund bailout. Sri Lanka has struggled since suicide bombings in 2019 hit its tourism industry, worsening its over-spending and capping growth. Less than a year later, the COVID-19 pandemic and…
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Weddings are joyous events but they can be tiring to plan, hectic to organise, exhausting to host and very costly. Like many things that were
Thirteen confirmed mpox cases have been detected in Singapore so far this year, all of which are of the less severe Clade 2 infections. Travellers wearing face masks are seen at Changi Airport in Singapore on Jan 12, 2022. (Photo: AFP/Roslan Rahman) SINGAPORE: Temperature and visual screening will conducted from Friday (Aug 23) for certain inbound travellers and crew at Changi and Seletar airports as a precautionary measure against mpox. Such screening will be conducted for those arriving on flights from places which may be exposed to the risk of mpox outbreaks, said the Ministry of Health (MOH) on Thursday night.…
Key facts Mpox (monkeypox) is a viral illness caused by the monkeypox virus, a species of the genus Orthopoxvirus. Two different clades exist: clade I and clade II Common symptoms of mpox are a skin rash or mucosal lesions which can last 2–4 weeks accompanied by fever, headache, muscle aches, back pain, low energy, and swollen lymph nodes. Mpox can be transmitted to humans through physical contact with someone who is infectious, with contaminated materials, or with infected animals. Laboratory confirmation of mpox is done by testing skin lesion material by PCR. Mpox is treated with supportive care. Vaccines and…