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Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial assistance. Late on Monday night, Pakistan’s Ministry of Finance […]
AstraZeneca has admitted that its COVID-19 vaccine could cause a rare but deadly blood-clotting condition, potentially exposing the UK pharmaceutical giant to tens of millions in lawsuits brought by loved ones of those injured or killed as a result of the jab, according to court documents. Lawyers representing “dozens” of class-action claimants say some of […]
CoA to take up petition on May 2 Justice Minister Dr. Wijeyadasa Rajapakshe, PC, has moved the Court of Appeal (CoA) to invalidate the ruling given by the Colombo District Court against him recently. The CoA has ordered a petition filed seeking to invalidate the recent order preventing the Justice Minister from functioning as the […]
A leading Sri Lankan businessman, through his company Supreme Global Holdings, has entered the race to acquire the national carrier, SriLankan Airlines. The Expression of Interest (EOI) process, which concluded today, saw the surprising participation of Supreme Global, signaling a potentially transformative shift in the airline’s ownership and management. Supreme Global has formed a robust […...
A leading Sri Lankan businessman, through his company Supreme Global Holdings, has entered the race to acquire the national carrier, SriLankan Airlines. The Expression of Interest (EOI) process, which concluded today, saw the surprising participation of Supreme Global, signaling a potentially transformative shift in the airline’s ownership and management. Supreme Global has formed a robust […...
Rallies have taken place across Australia in response to a wave of recent violence against women. Demonstrators want gender-based violence to be declared a national emergency and stricter laws put in place to stop it. Prime Minister Anthony Albanese said the issue was a national crisis
JVP/NPP leader Anura Kumara Dissanayake, who is currently visiting Sweden, says Sri Lanka’s crisis has arisen from the prevailing political culture, which needs a radical shake-up. Addressing a group of Sri Lankan expatriates at Stockholm on Saturday, Dissanayake said it was only through political
The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus on economic reforms will be critical to avoid recurring […]
[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
In the sleepy, verdant village of Ambagaswewa, in the Polonnaruwa district of Sri Lanka’s North Central province, 63-year-old TMH Gamini Sunil Thennakoon’s life is peaceful for the most part. On the brink of retirement, he still spends most days out working his rice paddies but is also content spending his days playing with his grandchildren […]
Efforts to attract international players to invest in Sri Lanka’s Oil and Gas exploration in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. A statement noted that Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation two blocks adding to over 5,000 square […]
[…]The post From Absurdities To Atrocities, Again? appeared first on Colombo Telegraph.
Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation of two blocks adding to over 5,000 square kilometers with potential oil and gas resources in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. According to the latest developments in the CA (Writ) Application […]
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Devolution & The Coming Elections appeared first on Colombo Telegraph.
At least 155 people have died in floods and landslides in Tanzania following heavy rains caused by El Niño, the prime minister has said. Kassim Majaliwa warned that the rains might continue into May, and urged families to leave flood-prone areas. About 200,000 people and more than 51,000 households were already affected by the disaster, […]
Spanish Prime Minister Pedro Sánchez has suspended public duties to “stop and reflect” on whether to remain in the job, after a court opened a preliminary inquiry into his wife. In a statement, the Spanish leader said he urgently needed to decide “whether I should continue to lead the government or renounce this honour”. The […]
A Chinese Communist Party delegation including the Deputy Minister of the Department of the International Affairs of the Chinese Communist Party had talks with National Peoples’ Power (NPP) leader Anura Kumara Dissanayake. The Chinese delegation consisted of Sun Haiyan, Deputy Minister of the Department of International Affairs of the Communist Party of China and member […]
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
A delegation, led by Sun Haiyan, Deputy Minister of the Department of International Affairs of the Chinese Communist Party, met with National People’s Power (NPP) leader Anura Kumara Dissanayake at the JVP head office this morning (April 23).The post Chinese Communist Party delegation meets Anura Kumara appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
As the Maldives braces itself for the crucial parliamentary election on April 21, 2024, the political landscape is marred by allegations of corruption, cronyism, and abuse of power, particularly within the Progressive National Congress (PNC) led by President Mohamed Muizzu. The unfolding scenario casts a dark shadow over the nation’s democratic fabric as citizens grapple […]
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part II appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe declared the government’s commitment to ensuring inclusivity in strengthening the country’s economy, prioritizing both economic growth and citizen welfare.The post Sri Lanka President initiates monthly rice distribution for low-income families appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Rathindra Kuruwita The ongoing battle for control of the SLFP took an unexpected turn, on Sunday (21), with the Executive Committee of the party appointing Justice Minister Dr. Wijeyadasa Rajapakshe as the Acting Chairman of the party. Dr. Rajapakshe contested the last general election on the SLPP ticket.The SLFP Executive Committee was convened by […]
By Norman Palihawadana Archbishop of Colombo Cardinal Malcolm Ranjith yesterday (21) said the leaders of all faiths had joined the Galle Face protest campaign, but the Catholics had been singled out for criticism. Declaring that the protest campaign had been fueled by the economic crisis
[…]The post Iran-Israeli Tit For Tat, India’s Vote Marathon & Lanka’s Long Election Eve appeared first on Colombo Telegraph.
[…]The post On The Issue Of The Failure To Obtain Justice For The Victims Of The Easter Sunday Massacre appeared first on Colombo Telegraph.
[…]The post Debt, Divestiture & Discontent appeared first on Colombo Telegraph.
[…]The post When The West’s Mask Slipped – Exposing Its Hypocrisy Beyond Gaza! appeared first on Colombo Telegraph.