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Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria O...
- Fitch Upgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CCC-‘ (Category: Breaking News)
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades Sri Lanka to Restricted Default (RD), sovereign bonds to Default (D) (Category: Breaking News)
Sri Lanka’s Colombo city is among the world's least expensive cities to live in according to the annual Economist Intelligence Unit (EIU) survey.The post Sri Lanka’s Colombo city among world’s least expensive cities to live appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy (Category: Breaking News)
- Sri Lanka Government going to further relax import restrictions (Category: Breaking News)
- Over 10.6 million rupees stolen from ATMs in Sri Lanka (Category: Breaking News)
- Forbes lists Sri Lanka as one of the 23 best places to travel in 2023 (Category: Breaking News)
BY Lili Bayer At one end, China hawks like the U.S. are trying to converge NATO’s goals with their own desire to constrain Beijing. At the other are China softliners like Hungary who want to engage Beijing. Then there’s a vast and shifting middle: hawks that don’t want to overly antagonize Beijing; softliners that still […]
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
President Xi Jinping revives interaction with world leaders after securing his third term of power at the communist party’s 20th congress last month. He makes it apparent that in full control of power internally, he now wants to bolster China’s image in the world as its tensions rise with the West. Within days of the […]
- Pushpika through to the Top 20 (Category: Breaking News)
- Xi builds campaign to change West-led world order (Category: Breaking News)
- Taiwan in the eye of worsening East-West tensions (Category: Breaking News)
- Chinese military raises tensions everywhere it goes (Category: Breaking News)
External Affairs Minister S Jaishankar recently held talks with his Russian counterpart Sergey Lavrov in Moscow. Both leaders spoke on a wide range of issues pertaining to bilateral, regional and global matters. During the meeting, the Indian External Affairs Minister S. Jaishankar said, “Covid, trade difficulties have taken a toll on the global economy, and […]
- Will Modi’s soft power diplomacy be an antidote to Russia–Ukraine War? (Category: Breaking News)
- India ready to assist Sri Lanka secure IMF deal (Category: Breaking News)
- China refuses to condemn Russia’s Ukraine invasion during G20 deadlock (Category: Breaking News)
- France, US hail PM Modi’s advice to Putin over Ukraine (Category: Breaking News)
India has signed off on a joint statement following a meeting of the Moscow Format on Afghanistan, which terms as “unacceptable” the military infrastructure facilities built by other nations in that country. While Russia and Pakistan perceive this line to be a reference to the US, Delhi’s view is that it is about Pakistan’s military […]
- Taliban welcomes back India-trained Afghan Defence personnel (Category: Breaking News)
- Will Modi’s soft power diplomacy be an antidote to Russia–Ukraine War? (Category: Breaking News)
- Iran, India complete each other: Iranian Deputy Foreign Minister (Category: Breaking News)
- Afghans celebrate Sri Lanka’s Asia Cup 2022 win (Category: Breaking News)
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Over 400 respond (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
India and Indonesia think tanks – The Centre for Global Affairs and Public Policy (CGAPP) and Institute for Development of Economics and Finance (INDEF) respectively, held a discussion on “G20 and Global Dynamics” and recognized the impact of close bilateral cooperation. Indonesia is all set to host the G20 summit at Bali from November 15-17. What is equally significant is that I...
- Crisis in multilateralism affecting developing nations most: PM at G20 meet (Category: Breaking News)
- HAL hands over advanced light helicopter to Mauritius ahead of schedule (Category: Breaking News)
- China may not pay for climate change despite being ‘biggest annual emitter’ (Category: Breaking News)
- IMF asks China to boost vaccination, recalibrate strategy to fight Covid (Category: Breaking News)
Sri Lanka, India and several other countries abstained from voting on a draft resolution approved by the UN General Assembly that recognised that Russia must be responsible for making reparations to Ukraine.The post Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Vote on SL 'politically motivated'-Russia (Category: Breaking News)
- New resolution on Sri Lanka adopted at United Nations Human Rights Council with 20 votes in favour (Category: Breaking News)
- Sri Lanka supports United Nations resolution calling for humanitarian truce in Gaza (Category: Breaking News)
- Reasons for supporting US resolution – Indian representative at UNHRC (Category: Breaking News)
Sri Lanka abstained from voting on a resolution at the UN General Assembly that calls for Russia to pay war reparations to Ukraine. India, Bangladesh, Bhutan, Brazil, Egypt, Indonesia, Israel, Nepal, Pakistan, South Africa and Sri Lanka were among the countries that abstained. The UN General Assembly yesterday (Monday) adopted the resolution that calls for […]
- Sri Lanka again abstains from voting on resolution against Russia (Category: Breaking News)
- Sri Lanka abstains from voting on resolution against Russia (Category: Breaking News)
- Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine (Category: Breaking News)
- China refuses to condemn Russia’s Ukraine invasion during G20 deadlock (Category: Breaking News)
The ‘Countdown to the Middle East Crown – Series 5 Boxing’, organised by DJMC Events UAE, will be held on November 26, at the Hotel Shangri-la Ballroom from 6.00 pm, with doors opening earlier. The event would comprise 10 bouts, featuring 20 professional boxers and three Championship Titles. The ‘Countdown to the Middle East Crown’, […]
- Invitation from Netherlands Alumni Association of Lanka (Category: Breaking News)
- Governing party members harassed by Gota joins Basil (Category: Breaking News)
- Summa (97) still going strong coaching rugby (Category: Breaking News)
- Govt plans accreditation for every profession (Category: Breaking News)
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
- Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka (Category: Breaking News)
- Urgent measures needed to halt exodus of skilled personnel (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe told the Parliament on Thursday (November 10) Sri Lanka won’t have a major issue with food security during next year, hopefully.The post Sri Lanka won’t have a major issue with food security during next year – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Climate Colonialism At CoP 28: Carbon Laundering Via Green Bondscams? (Category: Breaking News)
- SJB: Cop who failed to prevent bombings to be made IGP (Category: Breaking News)
- Cop sacked for playing piano while Gotabaya fled (Category: Breaking News)
- Sri Lankan stakeholders prepare for COP 27 in Joint Climate Change Dialogues (Category: Breaking News)
Unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences, President Ranil Wickremesinghe said addressing the COP27 Climate Change Conference in Sharm El-Sheikh, Egypt.The post Developing countries worst affected by rising emissions from industrialized world and must be compensated – President appeared first on Sri...
- Sri Lanka has initiated an action plan to ensure a Green Economy by 2050 – President (Category: Breaking News)
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- Sri Lanka President issues strong statement after COP27 Conference (Category: Breaking News)
- Sri Lanka President launches International Climate Change University at COP28 (Category: Breaking News)
[…]The post Lack of Common Sense Of A Time-Expired President appeared first on Colombo Telegraph.
- Corruption & Lack Of Common-Sense; Presidential Brutalities (Category: Breaking News)
- Government-Sponsored Terrorism In Sri Lanka (Category: Breaking News)
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue (Category: Breaking News)
[…]The post Need To Restrain The Power Of Shadow Finance appeared first on Colombo Telegraph.
- End Casino Capitalism: Sri Lanka To Join The Global Minimum Tax Agreement (Category: Breaking News)
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- Debterioration Of Nations Social Security & Protection (Category: Breaking News)
By Rebecca Bundhun India’s economy and equity markets are outperforming most of their global peers. Despite a slew of challenges including macroeconomic headwinds stemming from Russia’s war in Ukraine, elevated crude oil prices and tightening liquidity globally, the growth story of Asia’s third-largest economy remains intact. “The Indian economy and equity markets proved to be [&...
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- ‘India is in a sweet spot for the next few years’ (Category: Breaking News)
- Apparel producers decry 400% off-peak electricty price hike (Category: Breaking News)
Tamil Guardian asks: The UK policy, regarding mainly Sri Lankan Tamils held in Diego Garcia, is likely to remain unchanged. Some of those who reached Diego Garcia, home for the strategic US military base, over a year ago, have already been sent back “voluntarily” to Sri Lanka. They returned in the wake of the UK […]
- Westminster event declares support for Canadian action against Rajapaksa brothers (Category: Breaking News)
- Lanka warned of Extraterritorial jurisdiction (Category: Breaking News)
- Sri Lanka’s foreign policy dilemma (Category: Breaking News)
- UK considers imposing sanctions on Gen. Silva, others over ‘war crimes’ (Category: Breaking News)
President Ranil Wickremesinghe says he took over the Titanic after it hit the iceberg and now he is trying to move the ship off the iceberg. He says once the Titanic is moved off the iceberg the country can move forward. The President said that Sri Lanka has declared itself bankrupt and the Government is […]
- Chandrika says she is fed up with politics (Category: Breaking News)
- Galle Face protesters to withdraw today (Category: Breaking News)
- Sajith accuses Speaker of being President’s agent (Category: Breaking News)
- Wijeyadasa alleges journalists can be influenced with a bottle (Category: Breaking News)
[…]The post Indian-Israeli Involvement In Sri Lanka Is A Disaster appeared first on Colombo Telegraph.
- Remembrance Week Marking Persecution Of Sri Lankan Muslims (Category: Breaking News)
- Sri Lanka Supports US War-Mongers Against Houthis (Category: Breaking News)
- RW-Israel Honeymoon & Political Matchmaking (Category: Breaking News)
- Sri Lankan Media Miserably Failed To Cover Israeli Genocide In Gaza (Category: Breaking News)
By Ahmad Marzee The mountainous land in the heart of Asia known as Afghanistan has always remained a major geo-political dispute among the superpowers. The great game (Tsar Russia vs Britain), Cold-War (USSR/Russia vs America) and war on global terrorism gained attention of these giant-fish to fight for supremacy, domination and securing their strategic depth in […]
- India part of meeting on Kabul: ‘Military facilities of others in country unacceptable’ (Category: Breaking News)
- Kabul mosque explosion: At least 20 dead, 40 injured (Category: Breaking News)
- US calls on China to deliver on commitments to Sri Lanka (Category: Breaking News)
- Taliban welcomes back India-trained Afghan Defence personnel (Category: Breaking News)
The Asian Infrastructure Investment Bank (AIIB), in its annual financial report, has outlined a fund of USD 100 million for crisis-hit Sri Lanka.The post AIIB outlines USD 100 million fund for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- AIIB outlines USD 100 million fund for Sri Lanka (Category: Breaking News)
- AIIB considering a grant of USD 100 million to Sri Lanka (Category: Breaking News)
- AIIB considering a grant of USD 100 Million to Sri Lanka (Category: Breaking News)
- AIIB willing to finance USD 220 mn for Sri Lanka s energy development projects (Category: Breaking News)
[…]The post UK’s Bumpy Fall, Change Of Guard & Lessons Beyond! appeared first on Colombo Telegraph.
- UK and EU reach post-Brexit trade agreement after months of negotiations (Category: Breaking News)
- UK and EU reach post-Brexit trade agreement after months of negotiations (Category: Breaking News)
- UK parliament passes Boris Johnson’s Brexit deal (Category: USA, New York)
- UK parliament passes Boris Johnson’s Brexit deal (Category: USA, New York)
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk intensifying global food, energy crisis – World Bank appeared first on Sri Lanka News - Latest Break...
- Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space – IMF (Category: Breaking News)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Recession risk unless oil prices fall further (Category: Business)
- World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession (Category: Breaking News)
New Delhi: As Rishi Sunak scripted history by becoming the Prime Minister of the United Kingdom, world leaders from across the world, from US President Joe Biden to Indian Prime Minister Narendra Modi, congratulated him and extended their wishes. US President Joe Biden on Tuesday congratulated Rishi Sunak on being appointed the Prime Minister of the […]
- Rishi Sunak: UK’s new PM embraces India connection (Category: Breaking News)
- UK to enforce Sri Lankan-style crackdown on protests (Category: Breaking News)
- Ranil confident Rishi Sunak will strengthen UK ties with Sri Lanka (Category: Breaking News)
- Ranil meets British Prime Minister Rishi Sunak (Category: Breaking News)
[…]The post US Vulnerabilities Coalesce appeared first on Colombo Telegraph.
- War On China? – I: Justifications For War: Thucydides “Trap”, Clash Of Civilisations, Domino The... (Category: Breaking News)
- Globally, A Rightward Political Shift Is Visible (Category: Breaking News)
- Social Democracy, The NPP’s Tasks & Global Extremism (Category: Breaking News)
- Capitalism On Life Support: Planetary Bounds To Market-Lead Growth (Category: Breaking News)
[…]The post How Lanka Can Benefit From A Global Recession appeared first on Colombo Telegraph.
- Prospects For Global Capitalism: 2023 & After (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
India’s Union Minister of State for Defence and Tourism Ajay Bhatt says Sri Lanka was in such a bad economic crisis that its security forces were unable to pay the nominal fees for training exercises in India. Bhatt, who was speaking at a session on ‘AatmaNirbharta in Defence R&D – Synergistic Approach’ at the DefExpo […]
- Sri Lankan security forces couldn’t pay training fees to India: MoS Defence (Category: Breaking News)
- India makes it happen, enters the multi-billion dollar defence market (Category: Breaking News)
- Sri Lankan security forces couldn t pay training fees to India- MoS Defence (Category: Breaking News)
- India closely monitoring Chinese ship in Hambantota (Category: Breaking News)
Emphasising on the need to attain self-reliance, India’s Minister of State for Defence and Tourism Ajay Bhatt said Sri Lanka was in such a bad economic crisis that its security forces were unable to pay the nominal fees for training exercises in India.The post Sri Lankan security forces couldn’t pay training fees to India: MoS Defence appeared first on Sri Lanka News - Latest Breaking News in Sri ...
- Sri Lankan security forces couldn t pay training fees to India- MoS Defence (Category: Breaking News)
- Sri Lankan security forces couldn’t pay training fees to India (Category: Breaking News)
- India makes it happen, enters the multi-billion dollar defence market (Category: Breaking News)
- It is imperative to equip our armed forces with state-of-the-art technologies and capabilities –... (Category: Breaking News)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
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