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IMF chief Kristalina Georgieva did not mince her words about emerging and heightening crisis tendencies in the global economy. She said, among other things recently, that the IMF’s projection of 2.8 percent global growth for 2023 “is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection […]
By Saman Gunatilake MBBS, MD, FRCP, FCCP, Hon FRACP Emeritus Professor of Medicine, University of Sri Jayewardenepura Consultant Neurologist One of the most quoted phrases of Karl Marx, the German philosopher and political theorist, popularly known as the ‘Father of Communism’, is “History repeats itself, first as a tragedy, second as a farce”. This quote […]
[…]The post Sri Lanka Is Still In Deep Trouble, With Or Without Ranil appeared first on Colombo Telegraph.
[…]The post Four Popular Fallacies Relating To Central Banking appeared first on Colombo Telegraph.
[…]The post Why Sri Lanka Needs A Fusion Center For Information Sharing appeared first on Colombo Telegraph.
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia
The United States has called on China to deliver on its commitments to Sri Lanka. U.S. Treasury Secretary Janet Yellen said she was encouraged that China — the world’s largest sovereign creditor — had agreed to provide specific and credible financing assurances for Sri Lanka, but said China and all of Sri Lanka’s creditors needed […]
By Neville Ladduwahetty During his address to the “Economic Dialogue – IMF and Beyond”, the President “declared that Sri Lanka is at a crossroad and it was the nation’s last chance to forge ahead or fail (Daily FT, 31, 2023). Now that Sri Lanka has committed itself to the terms and conditions stipulated by the […]
[…]The post Threats To The Hegemony Of The US Dollar appeared first on Colombo Telegraph.
[…]The post IMF Bailout: Why This Concern About Good Governance, Anti-Corruption Laws & An Independent Central Bank? appeared first on Colombo Telegraph.
The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Finland’s main conservative party claimed victory in parliamentary elections Sunday in a tight three-way race that saw right-wing populists take second place, leaving Prime Minister Sanna Marin’s Social Democratic Party in third, dashing her hopes for reelection. The center-right National Coalition Party (NCP) claimed victory with all of the votes counted, coming out on […]
An open letter to President Ranil Wickremesinghe Recent articles in the local press have publicised the government plans for introduction of nuclear power plants to Sri Lanka with Russian support. A similar decision was taken way back in 2010, by the then President to bring nuclear power plants to Sri Lanka from South Korea. At […]
[…]The post Vladimir Putin, Xi Jinping & Joe Biden appeared first on Colombo Telegraph.
Sri Lanka in the throes of the worst economic crisis since Independence has resorted to some desperate action; it has for the first time in its history declared bankruptcy, suspended debt repayment, secured an IMF bailout for the 17th time, and agreed to extremely stringent loan conditions, which have already caused social unrest with people […]
Calling India a rising power and a powerful economy, Iranian Envoy to India Iraj Elahi said that India is strong enough to resist the pressure of the West as it resisted the pressure of buying oil from Russia. The Envoy also hoped that India would start importing oil from Iran adding
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
By N Sathiya Moorthy Like it or not, in the next big election in the country, or more of them, the IMF would be the key issue. The way the government has been dragging its feet on the relatively less important local government elections (LGE), and not all its arguments are wrong, the presidential elections […]
[…]The post Conflict Resolution Might Be The Way Out? appeared first on Colombo Telegraph.
Ukraine has received since Russia’s invasion. […]
[…]The post Twenty Years After US Invasion Of Iraq: Reflections On Contagious Impunity! appeared first on Colombo Telegraph.
[…]The post Waiting For Godot: Can Some Developing Nations Unite & Transform The Planet? appeared first on Colombo Telegraph.
[…]The post To Be Or Not To Be (A US Military Base) appeared first on Colombo Telegraph.
Sri Lanka is planning tourism promotional campaigns in nine key target markets to boost arrivals officials said as the country targets 1.55 million visitors in 2023. “There is a big plan for this year, but we are not going for a global campaign,” Chalaka Gajabahu, the Chairperson of Sri Lanka Tourism Promotion Bureau (SLTPB), told […]
Sri Lanka will carry out tourism promotion campaigns in nine markets to boost arrivals this year, Chairperson of Sri Lanka Tourism Promotion Bureau (SLTPB), Chalaka Gajabahu, told the media on Thursday. Addressing a press event on the campaign, he said that these campaigns will help the country achieve its goal of 1.55 million visitors in […]
It is welcome news for progressive opinion in the global South that some seven countries, thus far seen as having been among the poorest countries of the world, would be ‘graduating’ out of the Least Developing Country (LDC) category. Among them are; Bhutan, Bangladesh, Laos, Nepal and Angola. Hopefully, development researchers the world over would […]
[…]The post Death Penalty Again In Focus: An Efficient Criminal Justice, The Only Answer appeared first on Colombo Telegraph.
CIA Chief’s cloak-and-dagger visit: By Shamindra Ferdinando Pivuthuru Hela Urumaya (PHU) leader, Udaya Gammanpila, MP, yesterday (06) said that the Wickremesinghe-Rajapaksa government and the US embassy in Colombo should come clean on CIA Director William Joseph Burns’ Colombo visit. The former Power and Energy Minister said so in response to The Island query whether the […]
Russia was the top source market for tourists in Sri Lanka in February. Airport and Aviation Services (Sri Lanka) (Private) (Limited) said that 29,084 tourists arrived in Sri Lanka from Russia in February. The top five source markets for Sri Lanka in February have been Russian Federation, 29,084