The bank's China business in particular suffered branch closures amid ongoing virus restrictions, which drove an 18% decline in wealth management income
Hwang and chief financial officer Patrick Halligan are accused of artificially inflating the fund's portfolio from $1.5 billion to $35 billion in just 12 months
Chinese officials suggested to Colombo they would prefer to refinance the bilateral debt, Media Minister Nalaka Godahewa said on Tuesday
Inflation in Asia is starting to pick up at a time China's economic slowdown is adding to pressure on regional growth, senior IMF official says
China's CSI300 index was close to a 23-month low on Monday, while the Hang Seng dropped 2.8% and the Nikkei fell 1.9%. Oil slipped 2.7%.
IMF said talks in Washington on a 'credible and coherent' economic strategy had been fruitful
The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months
The Asia Pacific Loan Market Association (APLMA) found that 54% of its members were expected to take until 2023 to remove references to Libor from their existing loans
The cabinet, including five women, immediately set to work cementing relations with China as it battles a downwards economic spiral
Maha Prasad Adhikari was suspended on April 8 as governor of the central Nepal Rastra Bank by the government, which named his deputy the interim chief
The debt-laden island nation is hoping the IMF can come up with a quick rescue package after its neighbour India lobbied Fund on its behalf
Crisis-hit Sri Lanka has halted all its foreign debt payments so it can use its shrinking hard currency reserves to buy food and fuel