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Sri Lanka’s worries are increasing as China has not agreed to debt restructuring modalities as per the International Monetary Fund’s requirements, which is essential for the multilateral funding organisation before it green signals a $2.9 billion bailout package to the crisis-hit island country in mid-December. In October, Sri Lankan President Ranil Wickremesinghe told his country’s […]
- China cautions Sri Lanka on IMF deal (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Sri Lankan economy v/s humungous Chinese loans (Category: Breaking News)
Sri Lanka owed Chinese lenders $7.4 billion - nearly a fifth of its public external debt - by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others.The post Sri Lanka’s debt to China close to 20% of public external debt – study appeared first on Sri Lanka News - Latest Breaking News in Sri La...
- Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report (Category: Breaking News)
By Shamindra Ferdinando Having comfortably won the vote on the Second Reading of 2023 Budget, two days earlier, President Ranil Wickremesinghe, on November 24, dealt with a spate of issues, including the responsibilities of the armed forces and the police, obviously indicating how a second Aragalaya, aimed at ousting his government from power, by way of violent protests, as was […]
- Jayasumana pushing for Opp. campaign against govt.’s economic strategy (Category: Breaking News)
- Talks underway with dissident SLPPers: Chief Opp. Whip (Category: Breaking News)
- SLPP rebel MPs urge GR to break his silence on 13 A (Category: Breaking News)
- Proposed all-party govt: Prez wins support from unexpected quarters (Category: Breaking News)
By Shamindra Ferdinando Former Foreign Minister Prof. G. L. Peiris has questioned the rationale behind President Ranil Wickremesinghe’s warning that the military will be deployed to curb protest vis-a-vis a Foreign Ministry undertaking to boost foreign trade and investment. Addressing the Parliament, during the Budget committee stage debate, on 28 Nov., Prof. Peiris said the […]
- Minister GL to represent President at CHOGM in Rwanda (Category: Breaking News)
- GL: Cost of living intolerable, street protests inevitable (Category: Breaking News)
- Sri Lanka remains open to engaging with diaspora community - Foreign Minister (Category: Breaking News)
- Opposition: Parliament prorogued to derail finance committee probes (Category: Breaking News)
Former President Gotabaya Rajapaksa and former Prime Minister Mahinda Rajapaksa busted more than Rs. 40 million in 2021 on official overseas visits, Daily Mirror reported based on details provided by the Presidential Secretariat and the Prime Minister’s Office. Details furnished by the Presidential Secretariat and the Prime Minister’s Office under the RTI revealed that the […]
- SC allows proceedings against GR, MR to proceed (Category: Breaking News)
- Leadership of Gota and Ranil rejected (Category: Breaking News)
- Supreme Court finds Rajapaksa brothers guilty over economic crisis (Category: Breaking News)
- MR sees foreign hand in economic crisis (Category: Breaking News)
[…]The post Danushka’s Sex Scandal: Time For “Me Too Aragalaya” In Sri Lanka appeared first on Colombo Telegraph.
- Marital Blitz & On The Subject Of Marriage As A License To Rape (Category: Breaking News)
- Examining Sri Lanka’s New ‘Romeo & Juliet Law’: A Departure From The 1995 Age Of Consent Legisla... (Category: Breaking News)
- A departure from the 1995 Age of Consent Legislation (Category: Breaking News)
- Is Sri Lanka Still The “Pedophile’s Pleasure Center?” (Category: Breaking News)
[…]The post RW’s Oracle For Peace, Stability & Growth appeared first on Colombo Telegraph.
- RW Summons Youth For Economic Marathon (Category: Breaking News)
- Systemic Drain (Category: Breaking News)
- Ranil’s One Policy Framework, Debt & The System (Category: Breaking News)
- Ranil’s Perilous Authoritarian Alternative (Category: Breaking News)
Sri Lankans can now hold $10,000 worth of the Indian rupee (INR) in a physical form, though the INR would not be legal tender in Sri Lanka, after India approved a Sri Lankan request to designate the INR as the foreign currency.The post Indian Government allows Sri Lankans to hold $10,000 worth of rupee in cash appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lankan bank opens VOSTRO account in India (Category: Breaking News)
- Indian govt allows Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
- Sri Lanka and India hold discussions on use of INR in tourism and trade (Category: Breaking News)
- Using the Indian Rupee for economic transactions will have positive impact on the tourism and ho... (Category: Breaking News)
China welcomes Sri Lankan Foreign Minister Mohamed Ali Sabry's rebuttal of the narrative of the so-called Chinese "debt trap" in Sri Lanka, Foreign Ministry Spokesperson Zhao Lijian said here on Monday.The post China welcomes Sri Lankan foreign minister’s remarks on ‘Chinese debt trap’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka welcomes over 800,000 tourists in May (Category: Breaking News)
- CHINA WARMLY WELCOMES PRESIDENT (Category: Breaking News)
- GTF welcomes delisting of diaspora entities (Category: Breaking News)
- US welcomes recommendations (Category: Breaking News)
JAT Holdings PLC has posted exceptional financial performance for Q2 of FY 2022/23. During the Quarter, the Group also achieved a major milestone, delivering on its key IPO promise, by inaugurating its own end-to-end state-of-the art manufacturing facility in Bangladesh. Simultaneously, JAT Holdings PLC also recorded its highest-ever revenue for Q2 in history, doubling its […]
- Volt Charge: A visionary JAT Holdings joint venture redefining the Global EV charger industry (Category: Breaking News)
- JAT Holdings forges partnership with Herman Miller (Category: Business)
- JAT Holdings and MTV Channel Private Limited join forces (Category: Breaking News)
- JAT Holdings Opens Herman Miller Showroom (Category: Business)
China says Sri Lanka has given a strong rebuttal to the “Chinese debt trap” narrative. Chinese Foreign Ministry Spokesperson Zhao Lijian said China welcomed Sri Lankan Foreign Minister Mohamed Ali Sabry’s rebuttal of the narrative of the so-called Chinese “debt trap” in Sri Lanka. Sabry has said that when Sri Lanka went to China in […]
- China defends loans offered to Sri Lanka (Category: Breaking News)
- China ready to work with other countries to support Sri Lanka (Category: Breaking News)
- China welcomes Sri Lankan foreign minister’s remarks on ‘Chinese debt trap’ (Category: Breaking News)
- China willing to help Sri Lanka deal with debt burden (Category: Breaking News)
Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.The post Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in ...
- Sri Lanka’s headline inflation may rise to 70% in coming months – Central Bank of Sri Lanka (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
Several countries have sought assistance from Bangladesh after the South Asian nation helped Sri Lanka with a currency swap, Bangladesh Prime Minister Sheikh Hasina said. “We have assisted Sri Lanka from our (forex) reserves. After that, I received requests from many countries,” she said. The Prime Minister said this while delivering her introductory speech at […]
- Hasina rules out possibility of Sri Lanka-like crisis in Bangladesh (Category: Breaking News)
- Bangladesh considering sending potatoes to Sri Lanka during the crisis (Category: Breaking News)
- Sri Lanka congratulates Bangladesh PM on polls win (Category: Breaking News)
- Bangladesh’s ruling party angered over claims country like Sri Lanka (Category: Breaking News)
By N Sathiya Moorthy Talking to newsmen in Colombo recently, former President Chandrika Bandaranaike Kumaratunga, CBK, said that the nation demanded a ‘radical system-change’ and voters much elect someone who can do it. In context, she referred to the hugely successful Aragalaya protests earlier in the year and pointed out how they were unprecedented and […]
- Sajith admits he wrote to GR on PM post (Category: Breaking News)
- Gota’s resignation and Ranil’s appointment gazetted (Category: Breaking News)
- Old Wine in Older Bottles (Category: Breaking News)
- What next after 22-A? (Category: Breaking News)
Iran is ready to fulfil the energy needs of India, said Iranian Deputy Foreign Minister Ali Bagheri who is visiting India as part of political consultations between the two countries. “Both countries enjoy different types of cooperation in the economic sphere. They are partners and complete each other — their economies are complementary. Iran enjoys […]
- Chabahar-Central Asia transit route to boost India-Iran cooperation: Raisi (Category: Breaking News)
- India hosts Iran’s deputy FM to push Eurasian link (Category: Breaking News)
- Iran and Sri Lanka agree to free prisoners and boots ties (Category: Breaking News)
- Amid rising tensions with US, China strengthening ties with Iran (Category: Breaking News)
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal, stating that 28 percent of the population faces […]
- India s Adani Group to run three Sri Lankan airports? (Category: Breaking News)
- International rights groups slam Sri Lanka s flawed plans for a Truth Commission (Category: Breaking News)
- Ankara donates consignment of urgently needed medical supplies to Sri Lanka (Category: Breaking News)
- Rights group: Sri Lankan Tamil women exposed to sexual violence, trafficking after war (Category: Breaking News)
The United Kingdom through the Food and Agriculture Organization of the United Nations (FAO) is providing GBP 880,000 (USD 1,043,395) to strengthen the food and nutrition security of marginal fishers in Tangalle, Negombo, Colombo, Kalutara, Galle, Matara, Puttalam, Chilaw, and Mannar. In light of World Fisheries Day (21 November) being celebrated this week, the British […]
- RFLP of FAO strengthens Chilaw fisher community (Category: Business)
- UK contributes £880,000 to help marginal fishers in Sri Lanka (Category: Breaking News)
- Japan provides $3M through FAO to strengthen inland fisheries in Sri Lanka (Category: Breaking News)
- UK provides £880,000 to help Sri Lankan fishing community (Category: Breaking News)
Pakistan’s former Prime Minister Imran Khan says he could have created a situation like Sri Lanka, but he didn’t, says a news report published by the Indian Express.The IE report filed from Islamabad, said that Khan stated on Saturday his party was quitting the country’s regional and national assemblies, as he made his first public […]
- Pakistan’s Khan set to march on Islamabad to demand snap polls (Category: Breaking News)
- Imran Khan injured in shooting (Category: Breaking News)
- Pakistan s Imran Khan to resume protest after recovering from shooting (Category: Breaking News)
- Islamabad police attempts to arrest ex-PM Khan in Lahore (Category: Breaking News)
Pakistan’s former premier Imran Khan says he could have created a situation like Sri Lanka, but he didn’t. Khan said Saturday his party was quitting the country’s regional and national assemblies, as he made his first public appearance since being wounded in a gun attack earlier this month. Khan, a former cricket star turned politician, […]
- “Go Gota Go” = Abolish EP (Category: Breaking News)
- EP Governor refuses to budge despite threat from monks (Category: Breaking News)
- Video: MANGALAM EP 111 (Category: Video)
- Video: SNEHA EP 121 (Category: Video)
by Rajan Philips Ranil Wickremesinghe is the third President to sequester the finance portfolio instead of assigning it as an exclusive portfolio to a cabinet minister, but he is the first, perhaps after Ronnie de Mel, to prepare and author most or the entirety of the budget speech. He is also the first leader of […]
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM (Category: Breaking News)
- SJB will support NCM against Ranil (Category: Breaking News)
- PTA unconstitutional, says TNA (Category: Breaking News)
To address the looming shortage of grains for the animal feed industry and maize based food items due to the ongoing socio-economic crisis in Sri Lanka, as a part of the response efforts through the United Nations (UN) joint Humanitarian Needs and Priorities (HNP) Plan, the Royal Thai Embassy in Colombo has supported the procurement […]
- Royal Thai Embassy and UN work together to support vulnerable Sri Lankan farmers during Maha sea... (Category: Breaking News)
- Food Deal (Category: Business)
- US supports Sri Lankan govt in providing Thriposha to mothers and children through WFP (Category: Breaking News)
- Lankan mahout honoured by Thai royals (Category: Breaking News)
[…]The post Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap appeared first on Colombo Telegraph.
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
[…]The post Post-Budget Politics & Presidential Options appeared first on Colombo Telegraph.
- Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue (Category: Breaking News)
- Lack of Common Sense Of A Time-Expired President (Category: Breaking News)
- 2023 Budget: Wickremesinghe Economics & Post-Rajapaksa Politics (Category: Breaking News)
- From Crisis Prime Minister To Put Down President (Category: Breaking News)
Foreign Minister Ali Sabry, PC, has dismissed assertions that China caused the current economic crisis here.The Minister made Sri Lanka’s position clear in an interview with WION’s diplomatic correspondent Sidhant Sibal. Asked whether Minister Sabry believed that the current economic crisis is due to China, its policy of debt crisis, the Minister has said: No, […]
- Sri Lanka hopeful China will provide debt restructuring assurances - Sabry (Category: Breaking News)
- Lanka will discuss debt restructuring separately with China-minister (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka notifies Indian rupee as designated currency (Category: Breaking News)
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka’s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country’s worst-ever economic crisis.The post Human Rights Watch urges major creditors to help restructure Sri Lanka’s debts appeared first on Sri Lanka News - Lat...
- HRW urges major creditors to help restructure Sri Lanka s debts (Category: Breaking News)
- AI: Lanka at brink of humanitarian crisis (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
The United Kingdom through the Food and Agriculture Organization of the United Nations (FAO) is providing GBP 880,000 (USD 1,043,395) to strengthen the food and nutrition security of marginal fishers in Tangalle, Negombo, Colombo, Kalutara, Galle, Matara, Puttalam, Chilaw, and Mannar. In light of World Fisheries Day (21 November) being celebrated this week, the British […]
- Sri Lanka decides to continue to actively participate in China’s BRI (Category: Breaking News)
- UN adopts Sri Lanka sponsored resolution on World Seagrass Day (Category: Breaking News)
- Food security in Sri Lanka improving across all provinces (Category: Breaking News)
- Sri Lanka secures 4 million Euros in grants for fertilizers, seeds (Category: Breaking News)
[…]The post Musings On A New Constitution appeared first on Colombo Telegraph.
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country s worst-ever economic crisis.
- Of human rights fig leaves (Category: Breaking News)
- Winning the global battle (Category: Breaking News)
- Sri Lanka / human rights defenders (Category: Breaking News)
- What has the UN Human Rights Council (UNHRC) actually achieved? (Category: Breaking News)
Sri Lanka says it remains committed to matters that concern the Indian Ocean region. Addressing the 22nd Meeting of the Council of Ministers of the 23- member Indian Ocean Rim Association (IORA), Minister of Foreign Affairs, M.U.M. Ali Sabry, underscored the significance and necessity of actively engaging with the countries of the Indian Ocean Rim […]
- Sri Lanka accords a great deal of importance to Indian Ocean (Category: Breaking News)
- Sri Lanka says Australia helping shift power dynamics in region (Category: Breaking News)
- Sri Lanka looks to enhance ties with Russia (Category: Breaking News)
- Sri Lanka concludes bilateral consultations with Japan (Category: Breaking News)
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Central Bank of Sri Lanka decided to maintain policy interest rates at their current levels (Category: Breaking News)
- Central Bank of Sri Lanka issues order slashing interest rates on lending products (Category: Breaking News)
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