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Two Australian men have been charged with bribing Sri Lankan officials to secure infrastructure contracts worth millions of dollars.The post Two Australians arrested for bribing Sri Lankan officials for lucrative contracts appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Two Australian men have been charged with bribing Sri Lankan officials to secure infrastructure contracts worth millions of dollars. Australian police arrested the pair last month after a decade-long investigation spanning several countries. The men, aged 67 and 71, worked for a company which has been accused of misconduct in South Asian countries. They are […]
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
Hotels charge in US dollars, I do not see why we cannot
Sri Lanka central government debt falls to US$32.4bn from US$50.5 billion rupees
The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world’s largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are […]
[…]The post The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms
assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized
A leading human rights group has accused the new Sri Lanka Government of cracking down on dissent. The Sri Lankan Government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today. Since Ranil Wickremesinghe was sworn in as President on July […]
[…]The post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.
But it is a tool and a means only, not the ultimate goal. It is simply compulsion and coercion; it is the police power.
Overnight clean money volumes down to zero, sporadic repo activity
Broadly the same opinion across the South, North and East
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 […]
COLOMBO (News 1st); The Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe says that the progress on getting an international bailout package depends on political stability in the country. Speaking to the BBC Sinhala Service, Dr. Weerasinghe stated that it is also impossible for Sri Lanka to get out of its current […]Political Stability is paramount – CBSL Chief
The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon.The post Sri Lanka faces shutdown without stable Government – Central Bank Governor warns appeared first on ONLANKA News - Sri Lanka News - Sri Lanka News Live and Breaking News Today.
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
Sri Lanka could have avoided its current economic turmoil if it had gone to the International Monetary Fund (IMF) for a bailout sooner, the country’s central bank governor says. P Nandalal Weerasinghe told BBC Newsnight that the delay in seeking outside help was a mistake. The country has said it needs $5bn this year in […]
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices. The Federal Reserve said it would increase its key interest rate by three quarters of a percentage point to a range of 1.5% to 1.75%. The rise, the […]
[…]The post Aragalaya: People’s Response To Rajapaksa-Made Crisis appeared first on Colombo Telegraph.
[…]The post Playing Games With Constitutional Reforms appeared first on Colombo Telegraph.
By Nick Beake Billions of dollars of Chinese money are boosting some European economies – but some of the deals being struck have a catch. Critics say they are “debt traps”, where China gets to choose what happens if loans aren’t repaid. China insists it is a reliable investment partner – but it is also […]
[…]The post Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay Alive appeared first on Colombo Telegraph.
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
How focused and efficacious are the current infrastructure investments in Sri Lanka, executed through a public investments programme (PIP)? Take for instance the Chinese funded Norochcholai coal fired power plant, built after obtaining a commercial loan from China, and its subsequent breakdowns resulting in power cuts that will stifle growth and earnings, on top of ...
“The demoralising, destructive character of the patriotic degeneracy….” Sebastian Haffner (Germany: Jekyll and Hyde) By Tisaranee Gunasekara It was the Oxford Debacle all over again. The events were drearily predicable. Sri Lanka, like every Commonwealth nation, received an invitation for the Diamond Jubilee celebrations of Queen Elizabeth II. President Rajapaksa, unlike most Commonwealth leaders,...