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Posts tagged as “looms”

Seat-sharing With AL: Uncertainty looms over Jatiya Party

by Rashidul Hasan in The Daily Star, Dec 4, 2023Jatiya Party leaders find themselves in an uncertain and uneasy situation ahead of the January 7 national election, as the party still hasn’t reached any consensus on seat sharing with Awami League. In the last few elections, AL didn’t nominate anyone from certain constituencies to facilitate easy victories for top JP leaders. However, the ruling party aspirants are on the field this time in almost every…

Sri Lanka leans on IMF and China as crucial budget test looms

by Munza Mushtaq in Nikkei Asia, Oct 27, 2023COLOMBO — Sri Lanka’s cash-strapped government is breathing slightly easier after a week that brought an agreement on more support from the International Monetary Fund and a promise of “no strings” help from China. But the country still must climb out of bankruptcy, and President Ranil Wickremesinghe’s administration must prepare a budget presentation for Nov. 13 that will likely highlight the difficulty of balancing financial constraints with…

House scrambles to revise anti-money laundering laws as grey-listing looms:

By Prithvi Man Shrestha in The Kathmandu Post, Oct 12, 2023A parliamentary committee has endorsed an anti-money laundering bill, in a baby step to amending the existing legislations to make them compatible with international standards. The Law, Justice and Human Rights Committee of the House of Representatives on Wednesday endorsed the Amendments to Some Laws relating to the Anti Money Laundering and Business Promotion Bill with a few changes. The development comes at a critical…