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China has opened the backdoor channel for assessing ties with US as Washington is “proactively making preparations for a conflict in the Taiwan Strait when it happens”, reported The HK Post. Information trickled in about the visit to New York of a group of former Chinese officials in early November as part of the largest […]
The United Nations (UN) has secured USD 101.5 million for Sri Lanka through a humanitarian appeal. The UN said the funds will be provided to 3.4 million of the most vulnerable people in Sri Lanka. “Delighted to announce that today, a milestone has been achieved. UN HNP appeal reached $101.5 m thanks to the generous […]
[…]The post Ragging, Lack Of Discipline & Political Protests In Universities: Who Is To Blame? appeared first on Colombo Telegraph.
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
Only those who could survive this crisis are the ones who could make earnings in foreign currency, Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe recently said.The post Businesses with dollar income sources will only survive this crisis – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA 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.
21-A prerequisite for IMF loan: By Shamindra Ferdinando Foreign Minister Ali Sabry, PC, owed an explanation as regards his claim that the International Monetary Fund (IMF) had demanded the enactment of 21 Amendment to the Constitution as a prerequisite for the finalisation of USD 2.9 bn Extended Fund Facility Arrangement (EFFA) with Sri Lanka, retired […]
[…]The post Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray appeared first on Colombo Telegraph.
By Meera Sirinivasan Sri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund (IMF), according to Central Bank Governor P. Nandalal Weerasinghe. In September, the IMF reached a staff level agreement with Sri Lanka for a $2.9 billion package to help the island nation […]
by Nihal Jayawickrama From the best possible vantage point, Bernard Percival Peiris was a witness to the unfolding of history. In 1947, with the entering into force of the new Constitution under which Ceylon achieved self-government, he was instructed by Prime Minister D.S. Senanayake to take charge of the Cabinet Office as its Assistant Secretary. […]
Burkina Faso’s Government has expelled the top UN diplomat in the country who was a former UN official in Sri Lanka. Barbara Manzi, the United Nations’ resident and humanitarian coordinator in the West African nation, was declared persona non grata, the foreign affairs ministry said in a statement. Burkina Faso has been wracked by violence […]
[…]The post Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? appeared first on Colombo Telegraph.
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...
[…]The post The TGTE; Past, Present & Future appeared first on Colombo Telegraph.
A Sri Lankan bank has opened a VOSTRO account in India with the State Bank of India, confirmed the Indian High Commission in Colombo.The post Sri Lankan bank opens VOSTRO account in India appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Shamindra Ferdinando The European Union will not continue with the Generalised Scheme of Preferences (GSP-plus) facility unless the Wickremesinghe-Rajapaksa government holds the Local Government elections soon, Prof G. L. Peiris, MP, has warned. The Local Government bodies have to be constituted on or before March 20, 2023. The former Foreign Minister has said that […]
By N Sathiya Moorthy Recently, President Ranil Wickremesinghe said that he would definitely work towards resurrecting the country from bankruptcy and that he would build an economy that is free from debt and also create a stable economy that is able to pay its debts. The country has become bankrupt owing to the failure to change […]
[…]The post Can The Commercial Banks Lapses Be Absolved With Fines Imposed? appeared first on Colombo Telegraph.
Himalee Arunatilaka has been picked to replace C.A Chandraprema as Sri Lanka’s new Permanent Representative to Geneva, Switzerland. Arunatilaka, who earlier served as Sri Lanka’s Ambassador to Nepal, will now be tasked with defending Sri Lanka in Geneva, considered as the human rights capital of the world. The Committee on High Posts has approved the […]
[…]The post The Retold South Korea Success Story: How Should Sri Lanka Emulate It? appeared first on Colombo Telegraph.
Chinese officials have agreed to participate in a global sovereign debt "roundtable" that would include a wide variety of stakeholders, including private sector creditors, International Monetary Fund chief Kristalina Georgieva said on Thursday.The post China agrees to formation of global sovereign debt ’roundtable’ – IMF chief appeared first on Sri Lanka News - Latest Breaking Ne...
By Easwaran Rutnam France, which is part of the Paris Club, is in talks with Sri Lanka’s creditors in an attempt to ensure a solution is reached for the financial crisis sooner than later. The newly appointed French Ambassador to Sri Lanka, Jean-François Pactet, told a select group of journalists last evening, that an immediate […]
Regular revelations, pertaining to high profile scams that had undermined revenue collection, underline the pathetic failure on the part of Parliament to ensure financial discipline. The Central Bank, five-member Monetary Board, Cabinet of Ministers and Parliament as an institution should accept the responsibility for the current crisis. The likes of Bandula Gunawardena continue to pursue […...
[…]The post Sooka Paid A Significant Sum In Legal Costs & Compensation By Pro-GOSL Sinhalese UK Activist appeared first on Colombo Telegraph.
By N Sathiya Moorthy Addressing the graduation ceremony at the Defence Services Command and Staff College (DSCSC) recently, President Ranil Wickremesinghe, who is also the nation’s Supreme Commander, said that being economically strong was extremely important in the current strategic environment. In the same vein, he said that the reforms that he has initiated in […]
[…]The post Political Solution Before Next Independence Day appeared first on Colombo Telegraph.
By Jehan Perera The passage of the budget by a comfortable majority confirms that the government’s parliamentary majority is holding in the face of adverse circumstances. The ruling party has lost over twenty of its members who no longer follow the party line. But the rest of them appear to be staying together despite the […]
Originally planned for August 2022, the much-awaited Lanka Premier League (LPL) 2022 commenced on 6 December 2022. The league was postponed because of the economic and political turmoil in the island nation.The post Lanka Premier League will boost economy, tourism – Minister Harin Fernando appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
International Monetary Fund chief Kristlina Georgieva said she had a “fruitful exchange” with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Sri Lanka. Georgieva, World Bank President David Malpass and other financial leaders met in person in China’s Anhui province this week with officials from the People’s [R...