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Sri Lanka’s worries are increasing as China has not agreed to debt restructuring modalities as per the International Monetary Fund’s requirements, which is essential for the multilateral funding organisation before it green signals a $2.9 billion bailout package to the crisis-hit island country in mid-December. In October, Sri Lankan President Ranil Wickremesinghe told his country’s […]
BY Ajeyo Basu New Delhi: Since its creation in 1947, Pakistan has based the very purpose of its existance on establishing Muslim rule over ‘Hindu’ India. However, the setbacks in the wars of 1965 and 1971 made the Pakistan Army – the actual rulers of the impoverished country – realise the futility of direct military confrontation […]
Sri Lanka owed Chinese lenders $7.4 billion - nearly a fifth of its public external debt - by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others.The post Sri Lanka’s debt to China close to 20% of public external debt – study appeared first on Sri Lanka News - Latest Breaking News in Sri La...
Wednesday 30th November, 2022 The Nazis of Sri Lanka (read the members of the current SLPP-UNP government, whose leader, President Ranil Wickremesinghe, has called himself Hitler recently in Parliament) have gone into overdrive to suppress democratic dissent. They invaded an auditorium at Hanguranketha, on Sunday, in a bid to sabotage a conference held by a […]
By Shamindra Ferdinando Having comfortably won the vote on the Second Reading of 2023 Budget, two days earlier, President Ranil Wickremesinghe, on November 24, dealt with a spate of issues, including the responsibilities of the armed forces and the police, obviously indicating how a second Aragalaya, aimed at ousting his government from power, by way of violent protests, as was […]
By Shamindra Ferdinando Former Foreign Minister Prof. G. L. Peiris has questioned the rationale behind President Ranil Wickremesinghe’s warning that the military will be deployed to curb protest vis-a-vis a Foreign Ministry undertaking to boost foreign trade and investment. Addressing the Parliament, during the Budget committee stage debate, on 28 Nov., Prof. Peiris said the […]
By MAHINDA PANAPITIYA Irrigation Engineer who has worked for Mahaweli Project since 80s As originally planned, the present phase of the Mahaweli Project should be focused on social and economic development of the families settled in Mahaweli areas. It could be done by promoting food production in a sustainable way, to gain the return on […]
Former President Gotabaya Rajapaksa and former Prime Minister Mahinda Rajapaksa busted more than Rs. 40 million in 2021 on official overseas visits, Daily Mirror reported based on details provided by the Presidential Secretariat and the Prime Minister’s Office. Details furnished by the Presidential Secretariat and the Prime Minister’s Office under the RTI revealed that the […]
[…]The post Danushka’s Sex Scandal: Time For “Me Too Aragalaya” In Sri Lanka appeared first on Colombo Telegraph.
[…]The post RW’s Oracle For Peace, Stability & Growth appeared first on Colombo Telegraph.
Sri Lankans can now hold $10,000 worth of the Indian rupee (INR) in a physical form, though the INR would not be legal tender in Sri Lanka, after India approved a Sri Lankan request to designate the INR as the foreign currency.The post Indian Government allows Sri Lankans to hold $10,000 worth of rupee in cash appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
China welcomes Sri Lankan Foreign Minister Mohamed Ali Sabry's rebuttal of the narrative of the so-called Chinese "debt trap" in Sri Lanka, Foreign Ministry Spokesperson Zhao Lijian said here on Monday.The post China welcomes Sri Lankan foreign minister’s remarks on ‘Chinese debt trap’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Protests against Covid restrictions which erupted over the weekend appear to have died down, as a heavy police presence is reported in Chinese cities. Large barriers have gone up along the main protest road in Shanghai and police have made several arrests. They have been stopping people taking photos of the protests and deleting pictures […]
[…]The post Elections Are The Democratic Way To Maintain Political Stability appeared first on Colombo Telegraph.
Rex Clementine at Pallekele People who never in their lives played with a straight bat want us to embrace ethics. Sportsmen all over the world are taught to maintain ethical behaviour although there have been few exceptions. Australians play sport so tough that they hate losing. They are friendly people but they suffer from what […]
By Jehan Perera President Ranil Wickremesinghe’s warning that he is prepared to declare a state of national emergency and use the military to suppress any public protests for change of government would reflect the pressures he is under. The manner in which he has used the security forces to deal with the protest movement has […]
JAT Holdings PLC has posted exceptional financial performance for Q2 of FY 2022/23. During the Quarter, the Group also achieved a major milestone, delivering on its key IPO promise, by inaugurating its own end-to-end state-of-the art manufacturing facility in Bangladesh. Simultaneously, JAT Holdings PLC also recorded its highest-ever revenue for Q2 in history, doubling its […]
SJB MP Imthiaz Bakeer Markar says a ruler cannot hold on to power by imprisoning the country’s youth. Participating in the debate on the 2023 Budget, Bakeer Markar said, “The current crisis has severely affected the country’s youth as proved by the ongoing brain drain. We must all understand this situation. The youth who are […]
China says Sri Lanka has given a strong rebuttal to the “Chinese debt trap” narrative. Chinese Foreign Ministry Spokesperson Zhao Lijian said China welcomed Sri Lankan Foreign Minister Mohamed Ali Sabry’s rebuttal of the narrative of the so-called Chinese “debt trap” in Sri Lanka. Sabry has said that when Sri Lanka went to China in […]
Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.The post Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in ...
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 […]
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 […]
Several countries have sought assistance from Bangladesh after the South Asian nation helped Sri Lanka with a currency swap, Bangladesh Prime Minister Sheikh Hasina said. “We have assisted Sri Lanka from our (forex) reserves. After that, I received requests from many countries,” she said. The Prime Minister said this while delivering her introductory speech at […]
By N Sathiya Moorthy Talking to newsmen in Colombo recently, former President Chandrika Bandaranaike Kumaratunga, CBK, said that the nation demanded a ‘radical system-change’ and voters much elect someone who can do it. In context, she referred to the hugely successful Aragalaya protests earlier in the year and pointed out how they were unprecedented and […]
Bangladesh Prime Minister Sheikh Hasina on Sunday shared that after helping Sri Lanka with currency swap, many countries communicated with her to get the same kind of assistance from Bangladesh.The post After Bangladesh assisted Sri Lanka with $200 million, many countries made similar requests – PM Sheikh Hasina appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA N...
SLPP MP Prof Channa Jayasumana yesterday said that President Ranil Wickremesinghe should try to realise the task entrusted to him and must pave the way for an election.Addressing a public rally in Meerigama, Prof Jayasumana said that Wickremesinghe had been given the presidency for an interim period to stabilise the economy and political crisis. “He […]
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 […]
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal, stating that 28 percent of the population faces […]
The United Kingdom through the Food and Agriculture Organization of the United Nations (FAO) is providing GBP 880,000 (USD 1,043,395) to strengthen the food and nutrition security of marginal fishers in Tangalle, Negombo, Colombo, Kalutara, Galle, Matara, Puttalam, Chilaw, and Mannar. In light of World Fisheries Day (21 November) being celebrated this week, the British […]
Pakistan’s former Prime Minister Imran Khan says he could have created a situation like Sri Lanka, but he didn’t, says a news report published by the Indian Express.The IE report filed from Islamabad, said that Khan stated on Saturday his party was quitting the country’s regional and national assemblies, as he made his first public […]