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So, the Sinhala and Tamil New Year came and went. Cassandra has used a Sri Lankan colloquial manner of pronouncing that an anticipated event was marked and ended. The high temperatures however prevail, though mercifully tempered by afternoon showers. Everyone except drug dealers and politicians were struggling against strangulating pecuniary difficulties, but of course last […]
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Reuters reports that Sri Lanka intends to engage with the International Monetary Fund (IMF) to determine if its recent debt restructuring proposals align with the terms of its financial aid program, according to a statement from the finance ministry on Wednesday.The post Sri Lanka consults IMF after rejecting debt restructure proposal appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
As Beijing increases its repression of ethnic minorities in China to establish Han domination, the Chinese Communist Party is also devising numerous ways to ensure that the overseas media cannot expose this ongoing violation of human rights behind the bamboo curtain. The Chinese media is highly censored. To project the false image of China as […]
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
On 19 April, Indians will begin choosing a new parliament for the next five years, as Prime Minister Narendra Modi seeks a third consecutive term. Opinion polls put his Bharatiya Janata Party (BJP) and its allies ahead. They are up against the Indian National Developmental Inclusive Alliance (India), which groups more than two dozen opposition […]
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.
A statement by academics of the university system We are in the midst of an existentially threatening economic crisis. With an ever-increasing debt burden and low economic prospects, we continue to grapple with uncertain economic futures and related social and political distresses. As university teachers, we are concerned about the multiplicity of recent proposals seeking […]
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
In recent times, Bangladesh has witnessed the rise of a concerning movement advocating for the boycott of Indian products and services. This “Boycott India” campaign, propagated through hashtags like #BoycottIndia and #IndiaOut, is a misguided effort fueled by a vocal minority with ulterior motives. Far from serving the interests of the Bangladeshi people, this campaign […]
860,000. That’s the number of Pakistanis who left their country in 2023, and the trend of departing from Pakistan is likely to continue this year. The number is the highest in almost a decade. The previous year almost 800,000 professionals left Pakistan. The figure was released by Pakistan’s Bureau of Emigration and Overseas Employment (BEOE). […]
In a recent exclusive interview with Newsweek magazine, Indian Prime Minister Narendra Modi provided a comprehensive overview of his government’s achievements, challenges, and the nation’s trajectory under his leadership. As India approaches a critical juncture with impending elections, Modi’s insights shed light on the complexities of governance amidst global trends and domestic...
[…]The post How Long Can The People Be Fooled? appeared first on Colombo Telegraph.
[…]The post Planning For A Year Of Elections appeared first on Colombo Telegraph.
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
[…]The post Undemocratic Rule Of Modi’s India Is A Security Threat To South Asia appeared first on Colombo Telegraph.
The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) for April 2024, forecasts moderate growth in Sri Lanka’s economy of 1.9% in 2024 and 2.5% in 2025, following two consecutive years of contraction.The post Sri Lanka shows signs of recovery but must maintain reform momentum: ADB appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
The Asian Development Bank (ADB) says Sri Lanka must continue to implement reforms to address the underlying causes of the economic crisis and lay the foundation for fostering sustainable recovery. The ADB’s annual flagship economic publication, the Asian Development Outlook (ADO) April 2024, forecasts Sri Lanka’s economy to record moderate growth of 1.9% in 2024 […]
India’s ruling Bharatiya Janata Party (BJP) has extended invitations to political parties from 25 countries, including Sri Lanka, to witness the Indian elections and the accompanying campaigning. The invitations, which have been dispatched to political parties from both ruling and opposition factions across the globe, include representatives from various regions such as Africa, Europe, and [...
A response to the ‘Anatomy of a movement: Jathika Chinthanaya’ by Dr. Sumedha S. Amarasekara This article is a response to the question- ‘If the failure of the left was what portended Jathika Chinthanaya, what would the sterility and decay of Jathika Chinthanaya portend?’ asked by Uditha Devapriya (UD) at the end of his article: […]
The ban on vehicle imports to Sri Lanka is likely to be lifted in 2025, State Minister of Finance Ranjith Siyambalapitiya, State Minister of Finance Ranjith Siyambalapitiya said. The ban was imposed during the economic crisis to prevent Sri Lanka’s foreign reserves from depleting. The ban was later relaxed for certain sectors, especially the tourism […]
The UK government has tweaked its travel advice for Sri Lanka, but campaigners believe further changes are still required.The post UK travel advice tweaks for Sri Lanka ‘still unfair’ appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Lasanda Kurukulasuriya Since their visit to India at the invitation of the Indian government in February, leaders of the Janatha Vimukthi Peramuna-led National People’s Power coalition have become the poster-boys and girls of a complicated Sri Lankan political landscape, in a pre-election period. The once-marginal parliamentary group’s leader is now viewed as a potential […]
President Ranil Wickremesinghe participating at the “Let’s Start with Me” Kandy District Youth Conference held at the President’s House, Kandy on Sunday (07) stated that the legislation pertaining to the establishment of the new economy will be presented to Parliament in May and approved by June. Elaborating further, the President said: “If we fail to […]
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.
[…]The post The Ugly New Face Of Terrorism appeared first on Colombo Telegraph.
Sri Lanka and Estonia convened the inaugural bilateral political consultations at senior official level in Colombo. The consultations focused on consolidating bilateral relations and identifying new areas for cooperation between the two countries. Potential for both public and private sector collaborations in ICT and e-governance was the high point of the discussion as Estonia is […]