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Sri Lanka has sought more cooperation with China and also rejected ‘debt trap’ claims. China has invested a lot in Sri Lanka in recent years and Sri Lanka looks forward to expanding the mutually beneficial partnership, Ali Sabry, Sri Lanka’s minister of foreign affairs, told the media during his visit to China. Speaking at a […]
- Government defends relations with China (Category: Breaking News)
- Sri Lanka reiterates stand on ‘One China’ policy after Taiwan polls (Category: Breaking News)
- Ali Sabry to brief UN General Assembly (Category: Breaking News)
- Sabry denies allegations of busting millions on overseas visits (Category: Breaking News)
By Chandre Dharmawardana chandre.dharma@yahoo.ca According to a recent news report (The Island 23rd June 2023), Minister Mahinda Amaraweera has claimed that the “agricultural sector to be transformed into an export-oriented economy”! This is a surprising statement since the plantation sector, established by the British, has been from the start (and even now) an export-oriented economy....
- Spices can be a main sector of Sri Lanka economy: President (Category: Breaking News)
- The Peril of going to the IMF: Is there an alternative? (Category: Breaking News)
- Competing interests of trade and agriculture (Category: Breaking News)
- Why record export earnings may not be good news (Category: Breaking News)
by Rajan Philips Last week saw a spate of summits underscoring the global economic and geopolitical headwinds that governments and countries have to cope with and navigate through. First, there was the visit to China by the US Secretary of State Antony Blinken. This was followed by a state visit to Washington by India’s Prime […]
- National Reconciliation & Archaeological Mischiefs (Category: Breaking News)
- Archaeology Department’s Director-General Professor Anura Manatunga resigns (Category: Breaking News)
- DG Archaeology resigns over discord with govt. (Category: Breaking News)
- Kurundi: A Runway To ’56? (Category: Breaking News)
[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.
- Planning For A Year Of Elections (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- To Be Realistic, There Are Only Two Options (Category: Breaking News)
- Liberal Or Edible Economics: Global Disorder Worst In A Century (Category: Breaking News)
By Vikas Pandey Indian Prime Minister Narendra Modi’s visit to the US has assumed huge significance amid global economic and geopolitical headwinds. The White House is pulling out all the stops to welcome Mr Modi – it’s a state visit, the highest level of diplomatic protocol the US accords to visiting leaders. Mr Modi will […]
- World leaders in India for G20 summit (Category: Breaking News)
- UN condemns Russian invasion of Ukraine ahead of anniversary (Category: Breaking News)
- US, UK and Australia agree on nuclear submarine project (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies and donor nations. Though the […]
- A stitch in time saves nine - Facing the short-term economic challenges (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- After Lanka and Pakistan, now Bangladesh lines up before IMF for bailout (Category: Breaking News)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
From the viewpoint of the South, the recent visit by a delegation of African political leaders to Russia for the primary purpose of impressing on President Vladimir Putin the need to end the conflict in Ukraine is welcome news. The visit is doubly important for at least two main reasons
- As ‘New Cold War’ intensifies, West woos Africa and ASEAN region (Category: Breaking News)
- People’s participation in Constitution-making: the South African experience (Category: Breaking News)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Pragmatism likely to be accented in foreign policy of Southern powers (Category: Breaking News)
[…]The post From Caretaker President To King Ranil appeared first on Colombo Telegraph.
- A King’s Coronation & The Old Colonies (Category: Breaking News)
- India Is Over The Moon, Ranil Wants Sri Lankan Children Taught Hindi & Chinese (Category: Breaking News)
- Neither North Nor South, Ranil At Home With The Global Right (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]
- No second chance for Sri Lanka, says CB Governor (Category: Breaking News)
- Lanka’s ‘Royal’ mess explained by old boy (Category: Breaking News)
- Tactful Diplomacy Will Bring Durable Solution (Category: Breaking News)
- Urgent Lessons for Sri Lanka – 2022 (Category: Breaking News)
[…]The post The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka appeared first on Colombo Telegraph.
- Mage Kathava – Autobiography Of Imthiaz Bakeer Markar (Category: Breaking News)
- Collective Consciousness Of Sri Lankans – Is It Constructive Or Destructive (Category: Breaking News)
- Looking At The Problem Of The Point Of View Of The State (Category: Breaking News)
- Modern Ramsethu: An Unlikely Bridge (Category: Breaking News)
By N Sathiya Moorthy How come a ‘poor’ in Asia is also among the ‘miserable’ in the world? But it is possible, as two economic surveys of nations have shown, coming as they do almost simultaneously. A certain Hanke’s Annual Misery Index (HAMI) 2022 has ranked Sri Lanka as the 11th […]
- Pulling out the woollens when it is winter elsewhere, still (Category: Breaking News)
- Paris Club proposes 10-year moratorium for Sri Lanka (Category: Breaking News)
- Türkiye says tensions between great power rivalries affected Sri Lanka (Category: Breaking News)
- India surpasses China as largest lender for Sri Lanka (Category: Breaking News)
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar, has told the Indian Express. The IE story, filed from Ahmedabad, said: The Modi government, he [Jaishankar] underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and […]
- JVP Leader in India on invitation extended by Indian government (Category: Breaking News)
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- Chinese ship visit: Sabry contradicts Defence Ministry (Category: Breaking News)
- Asian Century will not happen if China and India could not join hands – Jaishankar (Category: Breaking News)
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar said. The Modi Government, he underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and nations in South-East Asia. “What we are also trying to do […]
- India, Sri Lanka passenger ferry service launched after 40 years (Category: Breaking News)
- Modi says India greatly sensitive to Sri Lanka’s needs (Category: Breaking News)
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
- Sri Lankan born pioneer of location-tracking technology in King’s honours list (Category: Breaking News)
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr. S. Jaishankar stressed on Saturday.The post India did more for Sri Lanka than IMF – Jaishankar appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
- India exceptional in helping neighbourhood including Sri Lanka (Category: Breaking News)
- India has done its best to assist Sri Lanka – Jaishankar (Category: Breaking News)
- Sri Lanka’s creditors must take proactive steps to facilitate its recovery: Jaishankar (Category: Breaking News)
Sri Lanka has been ranked as the 11th most miserable country in the Hanke's Annual Misery Index (HAMI) 2022.The post Sri Lanka among 15 most miserable countries appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
Sri Lanka is among three South Asian governments that increased borrowing from domestic banks to finance their record debt, and, as a result, sovereign-bank nexus increased, heightening the financial sector’s vulnerability, according to a World Bank report. The other two countries are the Maldives and Pakistan, says a WB report, titled ‘A mixed bag for […]
- Sri Lanka to enhance trade relations with South Asia, South East Asia and East Asia (Category: Breaking News)
- Devastating crisis for Sri Lanka s children is a caution for South Asia- UNICEF (Category: Breaking News)
- Children in South Asia including SL most likely to face water scarcity problems- UN (Category: Breaking News)
- Sri Lanka to build South Asia s largest logistics complex at Colombo Port (Category: Breaking News)
By N Sathiya Moorthy The foreign ministry cannot be blamed for coming down relatively heavily on Canadian Prime Minister Justin Trudeau for using the 14th anniversary of the end of the ethnic war to play to the gallery in his country. Yes, Diaspora Tamil constitutes a substantial constituency for him, yes, but to over-do the […]
- Canadian PM remembers Tamil victims of Sri Lanka’s war (Category: Breaking News)
- Canadian PM says Sri Lankans deserve peaceful and stable country (Category: Breaking News)
- A wrong message at a right time? (Category: Breaking News)
- Canadian PM remembers Black July when Sri Lankan Tamils were killed (Category: Breaking News)
[…]The post Elections Season & JVP/SJB Options appeared first on Colombo Telegraph.
- Iran-Israeli Tit For Tat, India’s Vote Marathon & Lanka’s Long Election Eve (Category: Breaking News)
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- National Reconciliation, Criminal Accommodation & Election Juggling (Category: Breaking News)
CPC, CEB need to recover costs until end of Fund’s loan package By Rathindra Kuruwita The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday. The IMF also wanted the […]
- Uncertainty over impending elections could risk Lanka’s economic recovery: ADB (Category: Breaking News)
- Lanka can be on path to recovery by 2024: IMF official (Category: Breaking News)
- New IMF funds for Sri Lanka may be delayed as review sees revenue shortfall (Category: Breaking News)
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
[…]The post Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
[…]The post Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century appeared first on Colombo Telegraph.
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
AP photographers Eranga Jayawardena and Rafiq Maqbool were named finalists for the Pulitzer Prize for breaking news photography for images capturing anger over economic collapse in Sri Lanka. The AP images from Sri Lanka captured the full range of human emotion with protesters pumping their fists in the air shouting anti-government slogans, and also shielding […]
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- UK, US pressure Lanka to repeal PTA (Category: Breaking News)
- India lifts onion export ban for neighbour Sri Lanka (Category: Breaking News)
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- RW’s National Policy & National Council (Category: Breaking News)
- Politics Of Easter Investigation In A Wriggling Economy (Category: Breaking News)
- Political Buddhism & Corruption: The Unholy Twins (Category: Breaking News)
Japan welcomed the coordinated debt restructuring program for Sri Lanka. Finance Minister Shunichi Suzuki acknowledged the higher risks faced by low- and middle-income nations concerning debt vulnerabilities amid the COVID-19 pandemic and Russia’s invasion of Ukraine. He welcomed the recent
- Japanese Finance Minister Shunichi Suzuki to visit Sri Lanka (Category: Breaking News)
- Japanese Finance Minister calls for talks on Sri Lanka (Category: Breaking News)
- Japan puts preconditions to support Sri Lanka’s debt issue (Category: Breaking News)
- Japan finance minister says he discussed debt restructuring progress with Sri Lanka (Category: Breaking News)
[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Waiting For Godot: Can Some Developing Nations Unite & Transform The Planet? (Category: Breaking News)
- Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties A... (Category: Breaking News)
- Snivelling Won’t Combat Corruption; Are We Waiting For Sri Lanka’s Nelson Mandela? (Category: Breaking News)
By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa on Tuesday alleged that having failed to thwart Ranil Wickremesinghe’s ascent to presidency, the US was now working with the UNP leader to achieve its objectives. MP Weerawansa, the Chairman of the Uththara Lanka Sabhagaya said that President Wickremesinghe already consented to three of the […]
- Western powers back move to put off national elections indefinitely, warns Wimal (Category: Breaking News)
- ETCA, Indo-US strategy detrimental to Lanka’s independence – Wimal (Category: Breaking News)
- Wimal uses Imran’s ouster to bolster his claim that US was behind GR’s removal (Category: Breaking News)
- Gotabaya: Only Ranil could have restored law and order (Category: Breaking News)
• Says existing system of international debt schemes hinders vulnerable, developing economies • Urges for political will at global level to reform international financial architecture • Requests for support in debt restructuring, debt sustainability and adequate climate financing By Sanath Nanayakkare Shehan Semasinghe, State Minister of Finance speaking at the UN ECOSOC Financing for Development ...
- China replies in kind to US allegations of Beijing exacerbating debt crisis here (Category: Breaking News)
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Lanka debt talks with India, China, Japan helped by investment projects: President (Category: Breaking News)
- Opposition vows to fight domestic debt restructuring plans of govt (Category: Breaking News)
A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding over $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter.The post Sri Lanka’s bondholders send debt rework proposal to government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say (Category: Breaking News)
- Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports (Category: Breaking News)
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
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 […]
- Expect India-Russia bilateral trade to reach $50 billion, says Russian Minister (Category: Breaking News)
- Sri Lanka wants to start rupee trade with India (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
- Ambitious Digital Rupee (Category: Breaking News)
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 […]
- Yellen ‘eager’ to work with China on debt, other global challenges (Category: Breaking News)
- Janet Yellen warns United States could run out of cash by June 1 (Category: Breaking News)
- Janet Yellen warns US could run out of cash by June 1 (Category: Breaking News)
- India a trusted trading partner in ‘friendshoring’ strategy: US Treasury Secretary Janet Yellen (Category: Breaking News)
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