Category: Lead Story
PickMe calls for higher fuel allocations to ride-hailing and taxi services
PickMe has called for higher fuel allocations to ride-hailing and taxi services during rationing periods, arguing that shared mobility maximises scarce resources, sustains daily economic activity, and protects driver livelihoods. Sri Lanka faces renewed global uncertainty over energy supplies. While not a repeat of the recent fuel crisis, the situation highlights the need for efficient […]
Sri Lanka’s national Terrorist Financing risk assessed as medium-high: National Risk Assessment 2024/25
Sri Lanka has successfully completed the National Risk Assessment (NRA) 2024/25 on Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF), in collaboration with a total of 86 governmental organizations, regulatory bodies and private sector institutions. Accordingly, the country’s national Terrorist Financing (TF) risk, a combination of TF threat and vulnerability, was assessed as […]
Iran Conflict Raises New Credit Risks for Emerging Market Sovereigns: Fitch Ratings
The Iran conflict could raise additional challenges for some emerging market sovereigns, through such channels as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance, Fitch Ratings says. Hydrocarbon exporters could see positive effects. Under our baseline, in which the effective closure of the Strait of Hormuz lasts less than a month […]
Risks of Middle East Aviation Disruption Rise the Longer It Lasts
The duration of the aviation disruption following the attacks launched by Israel and the US on Iran on 28 February and Iran’s subsequent attacks on countries in the region, will be fundamental to determining the implications for affected sectors, including airlines, airports, lodging, insurance and lessors, Fitch Ratings says. Our baseline expectation that the conflict […]