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By Saman indrajith The Russian energy company that sent representatives to Sri Lanka recently had presented the government with an MoU, National Freedom Front (NFF) leader, Wimal Weerawansa said in Parliament on Wednesday. If the Wickremesinghe administration was willing to sign the MoU, the Russians would supply fuel to Sri Lanka on credit, Weerawansa said. […]
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
The Reserve Bank of India (RBI) on Monday decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/ imports in Indian Rupee (INR) in the backdrop of the domestic currency sinking to a fresh closing low of 79.4375 per Dollar (USD) due to FPI equity outflows and a strong USD. […]
[…]The post Dammika Perera Antics – Only Oligarch In Sri Lanka! appeared first on Colombo Telegraph.
ECONOMYNEXT –Sri Lanka should stop money printing earlier than indicated in a statement by Prime Minister Ranil Wickremesinghe, opposition legislator Harsha de Silva said, though legislators have already given extensive powers to the agency engage in liquidity injections. “Prime Minister Ranil Wickremesinghe talked about money printing,” de Silva told parliament. “He said, the in...
[…]The post War On China? – V: A “Carnival” Of Quads appeared first on Colombo Telegraph.
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 […]
Exports to Russia and Turkey too have dropped steeply
[…]The post Is Catastrophic Collapse Imminent? appeared first on Colombo Telegraph.
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
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 […]
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 […]
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
[…]The post What Can Ranil Get Done? appeared first on Colombo Telegraph.
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.
It has 90,000 metric tonnes of Siberian Light Crude
[…]The post Hold Elections & Avert A Dual-Power Crisis appeared first on Colombo Telegraph.
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
[…] The post Why The Gotabaya Rajapaksa Presidency Will Be A One-Term Wonder appeared first on Colombo Telegraph.
[…] The post The MiG Deal: What They Did To My Father And Why They Did It appeared first on Colombo Telegraph.
Photo courtesy of Asia News Twelve years ago today The Sunday Leader Editor, Lasantha Wickrematunge, was brutally murdered in broad daylight within a high security zone. His killers have never been punished....
[…] The post Conspiracy Stories Are All Over; But Why Are They So Popular & Readily Accepted? appeared first on Colombo Telegraph.