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By N Sathiya Moorthy At a time when India, Sri Lanka and Maldives are fighting international drug menace jointly and severally, comes President Ranil Wickremesinghe’s budget that has proposed legalising cannabis cultivation. The idea is to help boost farm-produce (?) exports and forex reserves, which are at the lowest level since the economic crisis hit […]
Sri Lanka is in talks with the United Nations Development Programme and other agencies for a debt-for-nature swap programme, as the South Asian island faces its worst economic crisis in decades.
Monday 21st November, 2022 Former President Maithripala Sirisena, MP, like all other Sri Lankan politicians, never misses an opportunity to make himself out to be a knight in shining armour on a mission to slay the dragon of corruption. Pontificating about the virtues of honesty, he has claimed that some years ago his fight against […]
By Shamindra Ferdinando General Secretary of the Democratic Left Front (DLF) Vasudeva Nanayakkara, MP, yesterday (20) said that the UNP had sold the urea plant at Sapugaskanda to a foreign buyer who set it up in an Arab country.Having brought the machinery as scrap iron the buyer had re-installed the machinery and today Sri Lanka […]
[…]The post 2023 Budget: Wickremesinghe Economics & Post-Rajapaksa Politics appeared first on Colombo Telegraph.
[…]The post National Council’s Economic Stabilisation Report Is A Welcome Sign appeared first on Colombo Telegraph.
[…]The post How We Came To This Pass – Waiting On IMF appeared first on Colombo Telegraph.
The main Opposition in Bangladesh has chosen December to announce a “do-or-die” Sri Lanka-type mass agitation to topple the Awami League Government. The economic crisis in Sri Lanka led to mass protests, eventually forcing President Gotabaya Rajapaksa to flee the country and resign. A new Government headed by current President Ranil Wickremesinghe was later appointed […]
ECONOMYNEXT –President’s Ranil Wickremesinghe’s market economy has been shattered by price controls on eggs, which has led to empty shelves and progressive destruction of the layer chicken farms, opposition legislator Rohini Kumari Wijerathna said. “The trade ministry has issued a gazette with a price control on eggs at 43 rupees,” Wijerathna told parliament. “Now there […]
ECONOMYNEXT – Sri Lanka leader Ranil Wickremesinghe is likely to hold presidential election before any other polls after November 16 2023, three sources close to him said, as he seeks a $2.9 billion IMF loan to consolidate the economy which is on a slow recovery path from a crisis. Wickremesinghe was elected as the president […]
Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials to provide clarifications sought by the country's creditors, its state minister of finance said.The post Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
[…]The post Economic Bankruptcy & Political Instability appeared first on Colombo Telegraph.
[…]The post Drop Terror Charges Against Student Leaders Detained For 90 Days: Amnesty International appeared first on Colombo Telegraph.
[…]The post RW’s Budget Of Hopes & Politics appeared first on Colombo Telegraph.
[…]The post Unmasking The Likes Of Cabraals; A National Imperative! appeared first on Colombo Telegraph.
[…]The post Manslaughter By Proxy appeared first on Colombo Telegraph.
[…]The post High Time To Repeal The PTA & Release All Prisoners Held Under It appeared first on Colombo Telegraph.
[…]The post Olcott Oration 2022 Keynote Speech Ten Years Too Late! appeared first on Colombo Telegraph.
Thursday 17th November, 2022 President Ranil Wickremesinghe interspersed his budget speech with some quotations to bolster his argument for adopting unpopular measures to straighten up the economy. He referred to Lee Kuan Yew’s claim that Singapore had followed the hard yet right path, but Sri Lanka under Bandaranaike had chosen the popular path. SLFP General […]
The meet between US President Joe Biden and Chinese President Xi Jinping in the run-up to the recent Bali summit of the G20 countries has almost overwhelmingly attracted world attention and this is only to be expected, considering the importance to the world of the principal issues in US-China relations. However, of equal importance ought […]
By Saman Indrajith Sri Lanka was the only country in the world to have waited until it ran out of foreign reserves to seek IMF assistance, SJB MP Patali Champika Ranawaka told Parliament yesterday. Participating in the Second reading debate on the 2023 Budget, Ranawaka said: “The World Bank officials too have said so. According […]
[…]The post The Red Wave That Never Came appeared first on Colombo Telegraph.
Three Sri Lankan asylum seekers stranded on Diego Garcia, a remote island in the British Indian Ocean Territory, or BIOT, are expected to be transported to Rwanda for medical treatment, the British foreign office told The New Humanitarian. More than 200 Sri Lankan asylum seekers, mostly ethnic Tamils claiming to have faced persecution by the […]
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.
The Food and Agriculture Organization of the United Nations (FAO) yesterday (15) handed over 780.1 MT of Urea procured through the UN Central Emergency Relief Fund (UN-CERF) to the Ministry of Agriculture FAO issued the following statement: “15,619 farmers cultivating paddy on landholdings of half an acre or less will receive 50 kgs of urea […]
PALM BEACH, Fla. - Donald Trump, the only president impeached twice, launched a campaign to reclaim the Oval Office on Tuesday, two years after voters ousted him and a week after they rejected his hand-picked candidates in several pivotal Senate races.The post Former President Donald Trump launches 2024 presidential campaign appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
Former President Donald Trump announced Tuesday night that he was running for president in 2024. “We are a nation in decline. We are a failing nation for millions of Americans,” Trump said in a speech at his Florida private club, speaking about President Joe Biden’s first two years running the nation. “I will ensure Joe […]
[…]The post Trumpism & Rajapaksism, Where The Twain Shall Meet appeared first on Colombo Telegraph.
[…]The post Improve Human Security As High Priority In Sri Lanka appeared first on Colombo Telegraph.
The Group of 20 major economies are likely to take note of the impact debt issues was having on countries like Sri Lanka. Reuters reported that the leaders of the Group of 20 major economies will express concern about the “deteriorating debt situation” facing some vulnerable middle-income countries, and call on all official and private […]