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ECONOMYNEXT –Sri Lanka should stop money printing earlier than indicated in a statement by Prime Minister Ranil Wickremesinghe, opposition legislator Harsha de Silva said, though legislators have already given extensive powers to the agency engage in liquidity injections. “Prime Minister Ranil Wickremesinghe talked about money printing,” de Silva told parliament. “He said, the in...
[…]The post War On China? – V: A “Carnival” Of Quads appeared first on Colombo Telegraph.
Says economy could contract 7-pct in 2022
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
Exports to Russia and Turkey too have dropped steeply
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[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices. The Federal Reserve said it would increase its key interest rate by three quarters of a percentage point to a range of 1.5% to 1.75%. The rise, the […]
[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
Rupee has collapsed and fallen over 70 percent since central bank allowed flexible fox rate
“I invite anyone from the Aragalaya to take my place,” he said.
Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
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The head of the World Bank has warned that Russia s invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump.
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
USAID Administrator Samantha Power has assured Prime Minister Ranil Wickremesinghe USAID support. USAID Spokesperson Rebecca Chalif said that Power held a call with Prime Minister Ranil Wickremesinghe to discuss how USAID is responding to the country’s political and economic crises. Administrator Power expressed her sympathy for those Sri Lankans who were killed or injured in the […]
Moscow [Russia], May 20 (ANI): The Russia-Ukraine war has reaped massive economic benefits for China and the country has even “profited from Russia’s misfortune”. Chinese officials view the sanctions given by the Foreign Ministers of G-7 countries against Russia as economic opportunities. According
By Nick Beake Billions of dollars of Chinese money are boosting some European economies – but some of the deals being struck have a catch. Critics say they are “debt traps”, where China gets to choose what happens if loans aren’t repaid. China insists it is a reliable investment partner – but it is also […]
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[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
Russia’s invasion of Ukraine could cause global food shortages in the coming months, the UN has warned. Secretary-General Antonio Guterres said the war had worsened food insecurity in poorer nations due to rising prices. The world could face famines that last for years if Ukrainian exports
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
By Steve Grant In 1993 then premier of China, Zhu Rongji, stood in front of a large map on his office wall, pointed to it and saw China’s destiny. China was largely landlocked, he said, open to the sea only on one side. It was different to other great powers who looked out onto a […]