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President Gotabaya Rajapaksa spoke to Russian President Vladimir Putin today and sought credit to obtain fuel. The President tweeted saying he had a very productive telephone conversation with the Russian President. “Had a very productive telecon with the #Russia President, Vladimir Putin
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 […]
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At least one minister said to travel to Russia
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
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"There is a war in Ukraine today after the IMF intervened there."
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
"Are we trying to get out of this crisis by being caught in a western trap?" he demanded.
I have the replies from the Russian companies which were suggested by the Russian Ambassador
Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said on Thursday (Jun 16), as the island nation awaits official confirmation from the Indian government for a new US$500 million credit line for fuel. The country of 22 million people is caught in its worst financial crisis in […]
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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
China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis even as it refuted Sri Lankan President Gotabaya Rajapaksa’s remarks that Beijing has shifted its strategic focus from South Asia including Pakistan to South East Asia, saying the region still remained its priority. Sri Lanka has […]
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine
The Colombo Commercial High Court has issued an order for the immediate suspension of the injunction order issued against the aircraft belonging to Russia s Aeroflot Airlines, which has been detained at the Bandaranaike International Airport (BIA).
The court will decide whether or not to issue an interim injunction, the sources added.
Sri Lanka is in talks with Russia to resolve the issue over the Aeroflot passenger aircraft. The Ministry of Foreign Affairs, issuing a statement said that, on 2 June 2022, the Commercial High Court of the Western Province issued an Enjoining Order on Aeroflot flight flight SU-289, restraining
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Foreign Ministry say the matter is being considered through diplomatic channels
The Russian Foreign Ministry summoned Sri Lanka’s Ambassador to Moscow Janitha Abewickrema Liyanage and expressed protest over the detention of an Aeroflot plane in Sri Lanka. “The head of the diplomatic mission was expressed protest over the groundless decision by Sri Lanka’s judicial authorities to detain a regular Aeroflot flight preparing to depart for Moscow […]
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The president has requested in writing from several countries including Russia to buy oil.
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Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
[…]The post Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards appeared first on Colombo Telegraph.