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Sri Lanka’s $2.4bn bond sale to cover debt issues

Bloomberg Sri Lanka’s success in tapping the overseas bond market for $2.4 billion will help the island nation cover its debt obligations for this year and lift foreign reserves, Central Bank Deputy Governor Nandalal Weerasinghe said. Sri Lanka’s currency is also likely to continue to appreciate in 2019 after falling to record lows in 2018 amid a political crisis, due ...

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Japan GDP tops forecasts in Q4

Bloomberg Japan’s economy expanded more than first estimated in the fourth quarter, driven partly by stronger business investment. Yet more recent gauges of factory output and exports point to a gloomier outlook for this year. Gross domestic product grew at an annualised pace of 1.9% in the three months through December. That compared with an initial reading of 1.4% and ...

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Top Taiwanese firms plan to hire 16,000 people this year

Bloomberg Taiwan’s three biggest financial firms plan to boost headcount by more than 10 percent this year as the local stock market rebounds. Cathay Financial Holding Co. and CTBC Financial Holding Co. plan to hire 5,000 people each, while Fubon Financial Holding Co. is looking to add more than 6,800 roles, the companies said this week. Taiwan’s benchmark equity index ...

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