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By Anupama Rajput Sri Lankan Lawmakers voted in acting President Ranil Wickremsinghe as the new President on July 20. The six-time Prime Minister was able to garner 134 votes in the 225-member parliament, despite public anger with the ruling elite in the hope that his long experience in government could help pull the country out […]
After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there, Gopal Baglay, high commissioner of India to Sri Lanka, told ThePrint in an interview.The post Long-term investments in Sri Lanka are India’s plan to...
by Sean GLEESON and Amal JAYASINGHE (AFP) Lankan security forces demolished the main anti-government protest camp in the capital Friday, evicting activists in a pre-dawn assault that raised international concern for dissent under the crisis-wracked country’s new pro-Western president. Troops and police Special Task Force commandos wielding batons and armed with automatic assault rifles charged on ...
The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president. Speaking with Nikkei Asia in Tokyo, Georgieva said the fund was “very deeply concerned about the well-being of the people in […]
The International Monetary Fund hopes to complete rescue talks with Sri Lanka "as quickly as possible," Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.The post IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ appeared first on ONLANKA News - Sri Lanka News - Latest News in Sri Lanka - Br...
Political analysts have predicted Acting President Ranil Wickremesinghe to be the forerunner in the presidential
India will help Sri Lanka stage an “early and effective” economic recovery, Indian High Commissioner in Sri Lanka Gopal Baglay told The Indian Express. To that effect, India, which has helped Sri Lanka with almost $4 billion in aid would, “going forward,” like to bring in “more investment” to help the country build capacities to […]
In the midst of the unfolding crisis in Sri Lanka and its economic and political collapse, it has been forgotten that China is complicit in creating the present unrest. This fact needs to be recognized within Sri Lanka, where the people have taken it upon themselves to ‘reform’ the political system. While their mission is […]
Sri Lanka’s opposition leader, who is seeking the presidency next week, vowed Friday to “listen to the people” who are struggling through the island nation’s worst economic crisis and to hold accountable the president who fled under pressure from protesters.The post Sri Lanka’s opposition leader who is seeking the presidency sees tough work ahead appeared first on ONLANKA News - Sri Lanka Ne...
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 of essential commodities while people queue for hours […]
Sri Lanka is desperate for fuel and has been requesting for help from many countries.
"Because we have a threat of risk to the banks as well."
[…]The post Sri Lanka – From A Failed To Pseudo Mafia State? appeared first on Colombo Telegraph.
Sri Lankans living in Australia are refraining from sending desperately-needed funds to struggling friends and family back home, fearing money will never end up in the hands of those in need because the government will steal it. Multiple members of the Sri Lankan community contacted by NCA NewsWire have lost trust in the government to […]
[…]The post Mission Impossible appeared first on Colombo Telegraph.
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
The United Kingdom (UK) says it recognises the economic challenges that Sri Lanka is facing. UK Foreign Office Minister Vicky Ford said the UK is closely monitoring the economic situation in Sri Lanka, including foreign exchange data reported by Central Bank of Sri Lanka and Sri Lankan authorities. In a written response to the UK […]
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
[…]The post Lanka’s Quest For Stability appeared first on Colombo Telegraph.
O’Neil had also explained her administration's policy regarding maritime security and human smuggling, it said.
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
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
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 more crude from Moscow. Western nations largely […]
“I invite anyone from the Aragalaya to take my place,” he said.
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 as much as possible. “Therefore, I urge all citizens […]
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.