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New Zealanders have been told to avoid non-essential travel to Sri Lanka due to the impacts of the economic crisis and the potential for civil unrest. An updated travel advisory issued by New Zealand today notes: Sri Lanka’s economic situation has deteriorated significantly in recent months. This has led to shortages of such basic necessities, […]
“We’re ready to take it up,” said Dissanayake.
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
Unlike in the past, Japan has been very slow in responding to Sri Lanka calls to help it financially, analysts say.
The US’ influential Senate Foreign Relations Committee has urged the Quad nations to take a “more proactive role” in addressing Sri Lanka’s political and economic crisis, while praising India’s role in providing humanitarian assistance to the government in the island nation to avoid a meltdown. Quad nations comprises the US, India, Australia and Japan. In […]
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[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
Normal and expected levels in the Port of Colombo, despite the economic and political crisis
Sri Lanka has hired Lazard and Clifford Chance as financial and legal advisers respectively to represent the Government in talks with international creditors, three sources familiar with the situation said. The sources asked not to be named because talks are private. A spokesman for Clifford Chance did not immediately reply to a request for comment. […]
By N Sathiya Moorthy Chennai 22 May 2022 At a time when the anti-Gota protests is acquiring the characteristics of a Greek tragedy, for the Canadian Parliament to remind this nation of alleged ‘war crimes’ has gone mostly unnoticed. While sections of the Tamil Diaspora is as euphoric as ever, the Foreign Ministry, by issuing […]
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[…]The post A Postscript To Political Crisis: A Way Out appeared first on Colombo Telegraph.
"Government celebrates War Heroes Day,," while Tamils observe 'Tamils Genocide Day'
"I also wish to inform you that we will extend our support as a responsible opposition to correct decisions."
"Every day that passes, the future of this country is put at greater risk."
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
By N Sathiya Moorthy The way the anti-Rajapaksas protest has panned out over the past weeks, it is becoming clear that those who thought of the ‘spontaneous’ people’s movement had some idea about how it could capture international attention, but not about the ‘day after’. Clearly, none of them seemed to have thought about President […]
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
22-04-2022, Amsterdam: In the latest series of EFSAS interviews, Mr. Junaid Qureshi (Director EFSAS) welcomed virtually Professor Mick Moore, a highly regarded political economist and professorial fellow at the Institute of Development Studies at the University of Sussex. He is also the founding CEO of the International Centre for Tax and Development and was appointed […]
Pakistan can now be called the land of emerging crisis. Not even a week passes without a political crisis threatening to shatter its political firmament emerges. It was only quite recently that the Pakistan Supreme Court made theunique order to the then Prime Minister Yousuf Raza Gilani to re
WASHINGTON/LONDON (Reuters): The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise. In a shock that sent global equity markets into a dive, the U.S. economy added just 69,000 jobs in May, less than half what analysts expected ...
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
SINGAPORE (Reuters) : Oil fell more than $1 on Wednesday, with the U.S. benchmark dropping to a more than 6-month low, as a larger-than-expected rise in crude stocks in the United States and fears of Greece’s exit from the euro zone muddied the outlook for demand growth. Investors are worried about the demand for oil ...
Q: What is the current situation in the Human Rights Council with regard to the debate on Sri Lanka? A: The present climate at the Human Rights Council is in Sri Lanka’s favour, but a lot of work still needs to be done. I have great confidence in the value of our arguments. It is ...
By: Surendra Ajit Rupasinghe In the mid nineteen eighties, the Philippines was rocked by a sustained people’s resistance movement that finally deposed of the hated and corrupt dictator, Ferdinand Marcos, who had to flee the country in a US Air Force helicopter. The Catholic Church, representing the majority of the people, played a critical role ...
“The prolongation of military commands made Rome a servile state”. Machiavelli (The Discourses) By Tisaranee Gunasekara Stratospheric defence costs constitute Lankan economy’s deadliest ticking time-bomb. Militarization is menacing Southern (and Lankan) economic wellbeing as much as it is impeding Northern democracy. The fundamentally weak Lankan economy can ill afford the huge amounts of money sp...