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by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]
- Accountability Issues & Human Rights Cannot Be Glossed Over (Category: Breaking News)
- Post-War Reconciliation Process: Human Rights violation (Category: Breaking News)
- Tamil diaspora call on more countries to sanction GR, MR (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund (IMF) said in a new staff report.The
- IMF says fragmentation could cost global economy up to 7% of GDP (Category: Breaking News)
- IMF Executive Board approves a proposal to increase financial quotas (Category: Breaking News)
- Global economy faces tougher year in 2023, IMF chief warns (Category: Breaking News)
- IMF refutes reports on its advice to digital service tax in Sri Lanka (Category: Breaking News)
The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia s war in Ukraine continues, and the world s major economic engines sputter.
- Data Mine (Category: Business)
- Rising Risk (Category: Business)
- ICT Boost (Category: Business)
- Aid Flow (Category: Business)
The New Year 2023 is definitely going to be a significant year for India’s leadership ambitions. India’s presidency of the G20 forum as well as the Shanghai Corporation Organization (SCO), brings with itself the rare opportunity to present to the world that India is well-prepared and well-equipped to clinch its position as an emerging power. […]
- Sri Lanka seeks to engage with G20 during India’s presidency (Category: Breaking News)
- IMF chief seeks timely resolution of Sri Lanka’s debt restructuring (Category: Breaking News)
- India to invite “guest countries” for G20 summit in 2023 (Category: Breaking News)
- Modi says India greatly sensitive to Sri Lanka’s needs (Category: Breaking News)
By Easwaran Rutnam Private companies who lent at high interest rates are holding up vital debt relief for Sri Lanka, a group consisting of over 180 global economists and development experts said. Debt Justice said that these private companies, who lent to corrupt politicians, must face consequences from their risky lending by cancelling Sri Lanka’s […]
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- IMF reiterates prior actions Sri Lanka must take to approve funds (Category: Breaking News)
- China’s delays in restructuring the debt have put Sri Lanka in an awkward position. (Category: Breaking News)
[…]The post President RW’s Priority In 2023 appeared first on Colombo Telegraph.
- Sri Lanka 2023: Bouquets & Brickbats (Category: Breaking News)
- Charting A New Beginning? (Category: Breaking News)
- Political Hawks Can Hijack The Post-Aragala Agenda! (Category: Breaking News)
- Dream Team For National Reconciliation (Category: Breaking News)
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.The post Global economy faces tougher year in 2023, IMF chief
- World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
- IMF calls for ‘timely and orderly processes’ of debt resolution for Sri Lanka (Category: Breaking News)
- China agrees to formation of global sovereign debt ’roundtable’ – IMF chief (Category: Breaking News)
(AFP)Sri Lanka on Thursday welcomed the first Russian travellers aboard a new flight service that was launched after the bankrupt nation urged Moscow to help revive its beleaguered economy by sending tourists. Russia was Sri Lanka’s biggest source of visitors at the start of the year but arrivals
- Russian airline Aeroflot resumes flights to Sri Lanka after 4 months (Category: Breaking News)
- Putin orders to increase flights between Russia and friendly states (Category: Breaking News)
- Russian Airline Red Wings commences direct flights to Sri Lanka (Category: Breaking News)
- Govt. to get Russian, Chinese flights to Mattala (Category: Breaking News)
[…]The post Prospects For Global Capitalism: 2023 & After appeared first on Colombo Telegraph.
- 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)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
Uncertainty facing the global economy next year will exacerbate challenges at home for China, economists in Beijing say, while urging swift support to help counter external headwinds. As the risk of global recession looms, China should stay alert to turbulence in international markets
- China on track to meet 2012 growth target: Wen (Category: Business)
- OECD sees slowdowns deepening in India, China (Category: Business)
- Sri Lanka Central Bank suggests reducing impact of oil prices to sustain economic growth (Category: Breaking News)
- Tassie confidence plummets (Category: Australia, Tasmania )
[…]The post Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth World appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
[…]The post Where Are We Heading In 2023? appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (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 Galle Face Struggle & Its Importance (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
By Dr Laksiri Fernando One mistake we normally make in analysing the situation or crisis in Sri Lanka is to do it in isolation. Sri Lanka is unfortunately only a part of a world system. Although this situation is valid to almost all other countries, smaller or weaker a country, larger are the effects of […]
- Heed people’s call for new political model (Category: Breaking News)
- Lanka needs a national liberation movement, not mere regime change:Anura Kumara Dissanayake (Category: Breaking News)
- ‘The fascist threat’ and the South’s mounting travails (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
President Ranil Wickremesinghe stressed that everyone should unite to fulfil their moral responsibility for the country, sidelining the traditional political system of trying to grab power at the next election by palming off all the responsibilities on the government.The post Step out of traditional politics and fulfil moral responsibility – President appeared first on Sri Lanka News - Lates...
- Step out of traditional politics and join hands to fulfill moral responsibility towards the coun... (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Everyone should unite to make food security program a success – President (Category: Breaking News)
- Sri Lankan President optimistic that debt restructuring discussions will end successfully (Category: Breaking News)
Analysis by Matthew Brooker It was the year that the scales fell from Europe’s eyes on China. Heading into 2023, the clarity engendered by Beijing’s stance on the Russian invasion of Ukraine is in danger of being lost. Leaders of a continent beset by soaring energy prices and economic hardship show signs of wanting to pick […]
- Biden’s economic diplomacy push with China is high risk, low reward (Category: Breaking News)
- An Open Letter To President & Judiciary – A Response (Category: Breaking News)
- An Open Letter & Appeal To The IMF (Category: Breaking News)
- Sri Lanka – Survive Or Perish? – An Open Letter To The President (Category: Breaking News)
We are headed towards a fully digitized world. While this may seem ideal during the age of perpetual technological revolutions, the transformation is not without its consequences. The landscape for cyber threats has been steadily expanding in no small part due to cyber criminals being as ambitious and entrepreneurial as ever. The sophistication of the […]
- Sri Lanka crash out of T20 World Cup 2022 (Category: Breaking News)
- The Microsoft Cyber Signals Report Furnishes Strategic Guidance On Comprehending Cybersecurity (Category: Breaking News)
- Jagath Samarawickrama takes oaths as new MP (Category: Breaking News)
- SLPP MP Amarakeerthi Athukorala and security officer found dead (Category: Breaking News)
Some countries, such as Algeria, Jordan, Morocco and Oman, offered concessions including constitutional changes, to stall protests. Ukraine’s famed ‘Maidan Protest,’ in 2013-14 led to the overthrow of pro-Russian dictator, Yanukovych. by HARSHA KAKAR The Arab Spring in 2010-11 challenged and overthrew authoritarian governments in the Middle East and North Africa. They commenced in Tunisia […...
- More virulent than Covid! (Category: Breaking News)
- As China doubles down on ‘zero-COVID’, some have had enough (Category: Breaking News)
- China at a crossroads: Confronting COVID limitations (Category: Breaking News)
- China rolls back strict Covid-19 rules after protests (Category: Breaking News)
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
FitchRatings 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 Observation, on which it was placed […]
- Fitch Upgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CCC-‘ (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
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)
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)
- Russia’s Putin to visit China in first foreign trip since re-election (Category: Breaking News)
- Taiwan in the eye of worsening East-West tensions (Category: Breaking News)
, 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 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)
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