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Wickremesinghe is budgeting in a sea of monetary instability
By N Sathiya Moorthy After a steep, 75-per cent hike in power-tariffs, the government has now announced increased charges for water and drainage charges. Though brought down after a steeper increase at the peak of fuel-shortage, the transport fares too are not going to be the same even as much as they had become in […]
By Haroon Janjua Despite gaining independence 75 years ago, Pakistan has yet to rid itself of economic and political crises. As Pakistan marks 75 years of independence this weekend, Islamabad has not planned any special events, aside from a flag-raising ceremony, a fireworks display in the capital and the introduction of a new 75 rupee […]
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task. The appeal to China, the bankrupt Indian Ocean nation’s largest bilateral lender, has emerged as a formidable challenge to Wickremesinghe, who is […]
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task.The post Sri Lanka urges China to change tune on debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis
Lithium batteries remain on the banned list
[…]The post Country Has Fallen Due To The Socialist Thinking appeared first on Colombo Telegraph.
The Australian government will lift emergency aid to Sri Lanka to AU$ 75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia.The post Australia kicks in extra $25 million emergency aid to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...
Sri Lanka’s economic crisis is driving millions of people into poverty, jeopardizing their rights to health, education, and an adequate standard of living, Human Rights Watch said today. Human Rights Watch said the Sri Lankan Government should work with relevant financial institutions and partners to establish a new social protection system and obtain debt relief, […]
Sri Lanka will not extend a state of emergency imposed to control anti-government protests as the situation in the impoverished nation has "stabilised", the president's office said Tuesday.The post Sri Lanka to end state of Emergency appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
[…]The post Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 appeared first on Colombo Telegraph.
By SUSHANT SAREEN The bye-elections to 20 Punjab Assembly seats on 17 July have sent shockwaves through Pakistan’s fragile political and economic system. It would be an understatement to claim that the results were entirely unexpected. On the eve of the elections, there was virtually a consensus amongst political pundits that the ruling Pakistan Muslim […]
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published todayThe post Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published today outlining key human rights concerns. Wickremesinghe was sworn in as president on July 21, 2022, after then-President Gotabaya Rajapaksa stepped down after months of widespread protests against [&#...
By Shamindra Ferdinando Former Foreign Affairs Minister Prof. G.L. Peiris says that whatever the political arrangement, envisaged by President Ranil Wickremesinghe, to address the developing political-economic-social crisis, the expansion of the Cabinet-of-Ministers wouldn’t be acceptable to the public, under any circumstances. “It would be a grave mistake on the part of political parties re...
Sri Lanka's tax revenue is one of the lowest in the world in terms of GDP ratio.
Will there be yet another diplomatic flashpoint between India and Sri Lanka over the scheduled arrival Wang 5 spy vessel at the Southern Hambantota Port close to mid-August? The spy vessel has put India in a strategic dilemma and wants Sri Lanka to refuse entry to the Sri Lankan territorial waters owing to security concerns. […]
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls
Calls for unity in a country torn apart by nationalism and monetary instability
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely that we now initiate a system for such importation from our own export income […]
assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized
A leading human rights group has accused the new Sri Lanka Government of cracking down on dissent. The Sri Lankan Government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today. Since Ranil Wickremesinghe was sworn in as President on July […]
Reserves depleted for debt repayment, imports and some capital flight