A Singaporean court has begun handing out sentences in a sensational case, which saw 10 Chinese nationals charged for laundering $2.2bn (£1.8bn) earned from criminal activities abroad. The scandal embroiled multiple banks, property agents, precious metal traders and a top golf club. It led to extensive raids in some of the most affluent neighbourhoods, where […]

Owner of two companies in a tax haven The name of a top Sri Lankan politician has emerged in the latest release of Pandora Papers two years after the first leak of financial secrets of shell companies in overseas tax shelters.The individual, a minister in President Ranil Wickremesinghe’s cabinet, has been identified as the beneficial […]

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Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the international benchmark, climbed by $2.25 a barrel to $86.83, while US prices also rose. Israel and Palestinian territories are not oil producers but the Middle Eastern region accounts for almost a third […]

The G20 joint declaration in Delhi is being described as a significant diplomatic win for India. The agreement of a joint statement looked almost impossible a few days ago, given how sharply divided the group was over Russia’s invasion of Ukraine. In the end, we had a declaration that garnered unanimous support from all G20 […]

Singaporeans have chosen Tharman Shanmugaratnam as their next president – but many would have let out a small sigh of disappointment as they did so. On Friday, the former top minister won a record 70.4% of the votes, comfortably beating two other candidates in the country’s first contested presidential election in more than a decade. […]

Singaporeans have headed to the polls to vote in their first contested presidential election in over a decade. The president has a mainly ceremonial role in the city-state with few powers and little say in public affairs. But the result on Friday could be a marker of public sentiment on the long-term ruling People’s Action […]

Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]

The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]

Hotels charge in US dollars, I do not see why we cannot

Sri Lanka central government debt falls to US$32.4bn from US$50.5 billion rupees

Good allowed for re-export

[…]The post The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless  appeared first on Colombo Telegraph.

Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms

assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized

But it is a tool and a means only, not the ultimate goal. It is simply compulsion and coercion; it is the police power.