By SHIHAR ANEEZ in The Economy Next, Oct 19, 2023ECONOMYNEXT – Sri Lanka needs to carefully navigate the fisheries industry in the Northern sea between India and China, the State Fisheries Minister said, as Beijing’s sea cucumber business is growing with more revenue amid increasing security concerns by Delhi and poaching of Indian fishermen. Hundreds of fishermen in Sri Lanka’s former northern war zone have switched to sea cucumber farming, a booming trade, in the…
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by Rejaul Karim Byron in The Daily Star,Mar 16, 2023Russia has proposed a direct payment system bypassing the global standard SWIFT to settle the dues for Rooppur nuclear power plant as the Soviet nation looks to navigate the sanctions from the West following the Ukraine war. SWIFT is the messaging system used by financial institutions globally to convey instructions to carry out tens of millions of transactions each day. Most Russian banks are banned from…