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Secretary of State Antony Blinken has said China’s decision to fly an apparent spy balloon over the US is “unacceptable and irresponsible”. The top American diplomat has abruptly cancelled a trip to Beijing, which would have been the first high level US-China meeting there in years. China earlier expressed regret, saying it was a weather […]
The Central Bank of Sri Lanka (CBSL) bank has urged China and India to agree a write-down of their loans as soon as possible.The post Central Bank Governor urges China and India to reduce Sri Lanka’s debts soon appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s central bank has urged China and India to agree a write-down of their loans as soon as possible. The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a $2.9bn (£2.4bn) bailout. But the International Monetary Fund will not release the cash until China and India first agree to reduce Sri […]
The New Year 2023 is definitely going to be a significant year for India’s leadership ambitions. India’s presidency of the G20 forum as well as the Shanghai Corporation Organization (SCO), brings with itself the rare opportunity to present to the world that India is well-prepared and well-equipped to clinch its position as an emerging power. […]
By Samira Hussain Pakistan’s former prime minister, Imran Khan, is threatening to dissolve two provincial assemblies in a high-stakes attempt to force the federal government to hold early elections. The dissolution of legislatures controlled by his party in Punjab and Khyber Pakhtunkhwa is set for 23 December, about a year before elections are due. “For […]
, or seeking to visit family. China is the last major economy […]
By Vikram Pandya Xi Jinping’s “zero-Covid” policy appears to have failed miserably as China is still struggling to cope up with the daily rising Covid cases inside the country. At least 1,000 new cases of the virus are found in China every day (in the recent wave), prompting the government to impose its draconian “zero-Covid […]
Cassandra’s ole head is spinning like a carousel after reading Don Manu’s column in the Sunday Times of December 4, titled Mahinda gorged on foreign cake while people struggled for bread. He lists the millions spent on foreign trips of two brothers – then Prez and PM – and in a separate box deals with […]
Protests against Covid restrictions which erupted over the weekend appear to have died down, as a heavy police presence is reported in Chinese cities. Large barriers have gone up along the main protest road in Shanghai and police have made several arrests. They have been stopping people taking photos of the protests and deleting pictures […]
Taiwan is expected to top the agenda when US President Joe Biden and Chinese leader Xi Jinping meet next week – their first in-person encounter since Mr Biden took office in 2020. The much-awaited meeting comes at a time when relations between the two superpowers have particularly soured. This has been fuelled by Beijing’s claims […]
China’s President Xi Jinping has been defending his controversial zero-Covid strategy as a historic Communist Party congress kicks off in Beijing. In a break in decades-long tradition, delegates are likely to hand Mr Xi a third term as party chief. Zero-Covid was an “all out people’s war to stop the spread of the virus”, he […]
Sri Lanka central government debt falls to US$32.4bn from US$50.5 billion rupees
Japan will open its doors back up to vaccinated foreign tourists, after more than two years of closed borders due to the Covid pandemic. Tourists will be able to visit the country without a visa, and will no longer need to go through a travel agency, from 11 October. A cap on daily arrivals will […]
The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world’s largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25
A bus carrying people to a Covid-19 quarantine facility in China has crashed, killing 27 of those on board. The coach overturned on a motorway in the south-western province of Guizhou. Another 20 people were injured. The accident sparked anger online from those critical of Beijing’s “zero-Covid” policy. The policy involves mass testing and tracking. […]
Liz Truss has promised to deal with surging energy costs and to cut taxes, after she won the Tory leadership contest to become the next PM. Her plan, set to be announced on Thursday, is likely to include a freeze on energy bills – though precisely how it would work is still unclear. Ms Truss […]
Mikhail Gorbachev, the former Soviet leader who brought the Cold War to a peaceful end, has died aged 91. Mr Gorbachev, who took power in 1985, opened up the then-USSR to the world and introduced a set of reforms at home. But he was unable to prevent the slow collapse of the Soviet Union, from […]
By Anushka Kahandagamage Protesters defeated the dictatorial Rajapaksa regime, making the Rajapaksas resign from their positions, premiership and presidency, of the government. After the collapse of the dynasty, Ranil Wickremesinghe, a Rajapaksa puppet, came to power with the support of a distorted majority in Parliament. Having got himself appointed as President, without a people’s mandate, [R...
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Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms
Indian media had reported that India had raised the issue of the Chinese research vessel that is scheduled to arrive at the Hambantota Port, with President Ranil Wickremesinghe. India had raised concerns after the Ministry of Defence in Colombo confirmed the ship’s arrival, despite New Delhi clearly outlining its concerns regarding the arrival of this […]
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Taiwan’s Defence Minister Chiu Kuo-chang expressed concern that China’s People’s Liberation Army (PLA) would have the ‘complete capability’ to attack Taiwan by 2025. The Minister expressed concern while also highlighted sanctions as the means to deter aggression during a virtual seminar titled “Taiwan: is it key to the continuing world order?” organised by The Democracy […]
Almost one million people in a suburb of Wuhan – China’s central city where the coronavirus was first recorded – have been placed under lockdown. Jiangxia district residents have been ordered to stay inside their homes or compounds for three days after four asymptomatic Covid cases were detected. China follows a “zero Covid” strategy, including […]
by Sean GLEESON and Amal JAYASINGHE (AFP) Lankan security forces demolished the main anti-government protest camp in the capital Friday, evicting activists in a pre-dawn assault that raised international concern for dissent under the crisis-wracked country’s new pro-Western president. Troops and police Special Task Force commandos wielding batons and armed with automatic assault rifles charged on ...
Broadly the same opinion across the South, North and East
The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon.The post Sri Lanka faces shutdown without stable Government – Central Bank Governor warns appeared first on ONLANKA News - Sri Lanka News - Sri Lanka News Live and Breaking News Today.
Sri Lankan President Gotabaya Rajapaksa has left the Maldives on a Saudi airlines flight bound for Singapore, sources have told the BBC. The president had fled to the Maldives a day earlier amid mass protests over Sri Lanka’s economic crisis. It is not clear if Mr Rajapaksa will stay in Singapore or whether he will […]