@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
471 results found in 1687 ms
Page 10 of 16
Rajapaksa finally resigns after over 3 month protest
Reiterating India’s support for Sri Lanka, Indian External Affairs Minister S Jaishankar said that the situation in the island nation is very sensitive and New Delhi is focusing on ways it can help Colombo economically at this time of need. Addressing a press briefing in Kerala, Jaishankar said, “The situation in Sri Lanka is very […]
(UNICEF) As Sri Lanka descends further into its worst economic and political crisis in 70 years, it is children who are suffering the most. A foreign currency shortage has left the country struggling to import essential goods, pushing food and fuel prices sky-high. Staples like rice, lentils, milk
Statement signed by 15 Bishops calls for government to take drastic action to tackle economic crisis Lankan bishops have urged the government to provide a relief package for the poor amid the worst economic crisis since independence in 1948.The foreign exchange crisis has led to a shortage
shortage in Sri Lanka. SriLankan Airlines vehemently denied the […]
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment
Some analysts said the market was expecting a 300 basis point rate hike on Thursday
The Government is preparing a new budget taking into account the measures proposed by the International Monetary Fund (IMF) to restore debt sustainability in Sri Lanka. Foreign Minister, Prof. G.L. Peiris said this during talks with the United Nations Resident Coordinator Hanna Singer-Hamdy at the Ministry of Foreign Affairs. During the discussion, Minister Peiris briefed […]
Sri Lanka is desperate for foreign currency earnings through tourism
[…]The post Implement President’s Pledges To Revive Economy appeared first on Colombo Telegraph.
[…]The post Child’s Guide To True Cost Of Activities: Concept Of Opportunity Cost appeared first on Colombo Telegraph.
Sri Lanka is to continue to stand by the ‘one China policy’ and support to protect China’s sovereignty and territorial integrity, the Foreign Ministry said today. The Foreign Ministry said that the assurance was given when the Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, at the Ministry […]
More Sri Lankans take risks of losing money, at mid sea instead of suffering the worst economic crisis.
[…]The post Mission Impossible appeared first on Colombo Telegraph.
Sri Lanka is trying to boost foreign expatriate population to increase remittances
Market has risen throughout the week, but in thin trade.
by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lanka’s economic implosion and a humanitarian crisis of regional impact. Under indictment are the policies of President Rajapaksa, who is too bent on Chinese positions. For China, the Quad’s commitment to Colombo will “dissipate.” Colombo (AsiaNews) – A more “proactive...
Indian delegation comes as Sri Lanka is highly depending on Indian credit line for its fuel and other essentials.
Stocks have been on a downward trend mainly due to higher interest rates
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim of the Government is to hold discussions […]
Brokers see downward trend to continue in the next few weeks until interest rates come down.
by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lanka’s economic implosion and a humanitarian crisis of regional impact. Under indictment are the policies of President Rajapaksa, who is too bent on Chinese positions. For China, the Quad’s commitment to Colombo will “dissipate.” Colombo – A more “proactive” role i...
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
Stock index rebound from near 8-week low.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
Long queues near filling stations were seen across Sri Lanka due to fuel shortage.
Australia today insisted that Sri Lankans who arrive by boat will not be accepted. Home Affairs Minister Clare O’Neil will visit Sri Lanka on Monday as the South Asian neighbour continues to struggle with its economic and humanitarian crises. The trip also follows the interception of multiple asylum seeker boats travelling to Australia from the […]
Protests beginning to father pace as petrol, diesel shortages threaten to bring the country to a standstill
Tankers have to wait for 5 hours to get diesel
[…]The post Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering appeared first on Colombo Telegraph.