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[…]The post Changing Dimensions In ‘Power’; The Role Of India & China & Sri Lanka’s Predicament appeared first on Colombo Telegraph.
A consortium has been formed to embark on a power generation project in Sri Lanka, the largest private-sector renewable energy initiative ever sanctioned by the Ceylon Electricity Board (CEB). WindForce PLC – Sri Lanka’s leader in renewable energy, in partnership with Lakdhanavi – the leading Independent Power Producer (IPP) in Sri Lanka, and The Blue […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV appeared first on Colombo Telegraph.
Thuesday 22nd August, 2023 No sooner had the Indian government announced its decision to impose a 40% tax on onion exports to overcome a shortfall in the domestic supply than Sri Lankan traders jacked up onion prices exponentially. They would not have reacted so swiftly to a drop in onion prices in the international market. […]
Sri Lanka says a contest for supremacy is unfolding between the United States and China across the expanses of the Pacific Ocean. President Ranil Wickremesinghe said that a power struggle is also emerging between Western nations and Russia in the context of Ukraine. “Undoubtedly, the Indian Ocean hosts the world’s pivotal trade routes, making Sri […]
Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister said on Tuesday.The post Sri Lanka says China’s Sinopec to start operations September 20 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
During the question-and-answer session, Dr. Dushni Weerakoon questioned the sustainability of Sri Lanka’s non-aligned foreign policy, as it weakened the country’s position in trade negotiations. The expert assertion was certainly not restricted to trade negotiations. Having signed ACSA (Access and Cross Servicing-Agreement) with the US, in August 2017, it would be ridiculous to still talk […...
[…]The post Vain Attempts To Bowl Imran Khan Out! appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
The developing Indo-Lanka relations, particularly the process since early 2022 should be examined taking into consideration the significant role played by Sri Lanka’s High Commissioner in New Delhi Milinda Moragoda, who received the Cabinet rank. At the time President Gotabaya Rajapaksa sent the former UNP Minister, one -time close associate of UNP leader Ranil Wickremesinghe, […]
Japan has sought Sri Lanka’s backing for its Free and Open Indo-Pacific (FOIP) strategy. Japanese Foreign Minister Hayashi Yoshimasa has taken up this issue with his Sri Lankan counterpart Ali Sabry, PC, when they met on 29th July. According to a statement issued by the Japanese Embassy, in Colombo, Minister Yoshimasa has also briefed Minister Sabry regarding […]
Asian security experts argue that China’s aggressive behavior and ambitions in the Indo-Pacific region have led India to strengthen its military and economic ties with the United States and Europe. China’s actions, such as testing India’s borders and threatening Taiwan’s democracy, have significantly influenced India’s strategic calculations, according to experts who ...
[…]The post The New Kurukshetra: BJP & Opposition Alliances For The 2024 Elections appeared first on Colombo Telegraph.
Some diplomats in China say they are facing heightened scrutiny and interference from Chinese authorities, which is thwarting foreign officials’ efforts to re-engage with the country after three years of COVID-induced isolation. Twenty envoys from 12 Western and Asian delegations told Reuters that in recent months they had noticed larger police presences around some diplomatic […]
U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.The post Yellen ‘eager’ to work with China on debt, other global challenges appeared first on ONLANKA - Sri Lanka Latest...
Monday 17th July, 2023 The Parliamentary Select Committee (PSC) appointed by Speaker Mahinda Yapa Abeywardena to investigate the causes of the country’s bankruptcy has come in for severe criticism, and understandably so. The Opposition has rightly pointed out that the PSC cannot be expected to act impartially under the chairmanship of General Secretary of the […]
The United States (US) expects Sri Lanka’s debt treatment to be finalised soon. US Treasury Secretary Janet Yellen said that the United States will seek to increase financial assistance for war-torn Ukraine and push for debt restructuring during a G20 Finance meeting in India. Yellen said that debt treatments for Ghana and Sri Lanka will […]
Redoubling support for war-stricken Ukraine is the Âsingle best way to aid the global economy, US Treasury Secretary Janet Yellen said Sunday, along with boosting emerging economies and tackling debt distress.
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the island nation, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing director M. Senthilnathan said.The post India to allow Sri Lanka to repay debt over 12 years appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.The post Analysis: A year later, Sri Lanka’s tentative economic recovery eludes the poor appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top S...
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the country, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s Chairman-cum-Managing Director M. Senthilnathan said. Sri Lanka, facing its worst economic and political crisis in over seven decades, owes $7.1 billion to bilateral creditors— $3 […]
CP Chairman DEW G says lawmakers here should be aware of what is going on in the world. The Parliament cannot turn a blind eye to global developments, the former MP said, pointing out that the ongoing Ukrainian crisis underscored the need for greater understanding of international affairs as the rapid developments taking place with […]
[…]The post A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS appeared first on Colombo Telegraph.
[…]The post The March Towards ‘Akhand Bharat’ appeared first on Colombo Telegraph.
Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender’s board, comes after an eight-month delay. The South Asian nation is facing its worst economic crisis since independence from Britain in 1947. To help secure […]
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 […]
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....
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 […]
[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.