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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 […]
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
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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 […]
Passenger transport, goods transport hit
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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
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited
Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.
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[…]The post Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
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[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
The United Kingdom has issued a travel advisory on Sri Lanka warning against all but essential travel to Sri Lanka. The UK Foreign, Commonwealth and Development Office (FCDO) said that it advises against all but essential travel to Sri Lanka, due to ongoing political and economic instability. This advice does not apply to airside transit […]
Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries. Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed […]
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By Steve Grant In 1993 then premier of China, Zhu Rongji, stood in front of a large map on his office wall, pointed to it and saw China’s destiny. China was largely landlocked, he said, open to the sea only on one side. It was different to other great powers who looked out onto a […]
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
SriLankan Airlines has posed a number of questions on public concerns over its procurement process and other operational matters. Issuing a lengthy statement, SriLankan Airlines said it welcomed and respects the rich debate in the public space on matters concerning the operation of the airline in general and the ‘notice of procurement’ for the lease […]
Hundreds of trade unions in Sri Lanka have been staging a nationwide protest over the mishandling of the ongoing economic crisis in the country and have called for the immediate resignation of President Gotabaya Rajapaksa. The work at many state and private institutions was disrupted on Thursday due to the strikes launched by nearly a thousand trade […]
Indian High Commissioner of Sri Lanka Gopal Baglay received a group of Parliamentarians and reiterated India’s continued commitment to support the island nation. “High Commissioner (HC) received a group of parliamentarians and reiterated India’s continued commitment to support Sri Lanka. The Parliamentarians thanked the people of India for standing with people of Sri Lanka. They ...
Calling the ongoing economic crisis in Sri Lanka “unfortunate”, Israel’s envoy to India, Sri Lanka and Bhutan Naor Gilon said that the country can use its potential in tourism and agriculture to come back to stability. “Very unfortunate. I visited Sri Lanka to present my credentials just a couple of months ago. It’s a beautiful […]
[…] 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 […]
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.