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Thuesday 22nd August, 2023 No sooner had the Indian government announced its decision to impose a 40% tax on onion exports to overcome a shortfall in the domestic supply than Sri Lankan traders jacked up onion prices exponentially. They would not have reacted so swiftly to a drop in onion prices in the international market. […]
Sri Lanka says a contest for supremacy is unfolding between the United States and China across the expanses of the Pacific Ocean. President Ranil Wickremesinghe said that a power struggle is also emerging between Western nations and Russia in the context of Ukraine. “Undoubtedly, the Indian Ocean hosts the world’s pivotal trade routes, making Sri […]
During the question-and-answer session, Dr. Dushni Weerakoon questioned the sustainability of Sri Lanka’s non-aligned foreign policy, as it weakened the country’s position in trade negotiations. The expert assertion was certainly not restricted to trade negotiations. Having signed ACSA (Access and Cross Servicing-Agreement) with the US, in August 2017, it would be ridiculous to still talk […...
[…]The post Vain Attempts To Bowl Imran Khan Out! appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
The developing Indo-Lanka relations, particularly the process since early 2022 should be examined taking into consideration the significant role played by Sri Lanka’s High Commissioner in New Delhi Milinda Moragoda, who received the Cabinet rank. At the time President Gotabaya Rajapaksa sent the former UNP Minister, one -time close associate of UNP leader Ranil Wickremesinghe, […]
Japan has sought Sri Lanka’s backing for its Free and Open Indo-Pacific (FOIP) strategy. Japanese Foreign Minister Hayashi Yoshimasa has taken up this issue with his Sri Lankan counterpart Ali Sabry, PC, when they met on 29th July. According to a statement issued by the Japanese Embassy, in Colombo, Minister Yoshimasa has also briefed Minister Sabry regarding […]
[…]The post The New Kurukshetra: BJP & Opposition Alliances For The 2024 Elections appeared first on Colombo Telegraph.
U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.The post Yellen ‘eager’ to work with China on debt, other global challenges appeared first on ONLANKA - Sri Lanka Latest...
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
[…]The post A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS appeared first on Colombo Telegraph.
[…]The post The March Towards ‘Akhand Bharat’ appeared first on Colombo Telegraph.
Sri Lanka has sought more cooperation with China and also rejected ‘debt trap’ claims. China has invested a lot in Sri Lanka in recent years and Sri Lanka looks forward to expanding the mutually beneficial partnership, Ali Sabry, Sri Lanka’s minister of foreign affairs, told the media during his visit to China. Speaking at a […]
by Rajan Philips Last week saw a spate of summits underscoring the global economic and geopolitical headwinds that governments and countries have to cope with and navigate through. First, there was the visit to China by the US Secretary of State Antony Blinken. This was followed by a state visit to Washington by India’s Prime […]
From the viewpoint of the South, the recent visit by a delegation of African political leaders to Russia for the primary purpose of impressing on President Vladimir Putin the need to end the conflict in Ukraine is welcome news. The visit is doubly important for at least two main reasons; first, the mounting economic pressures […]
By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]
[…]The post The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka appeared first on Colombo Telegraph.
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar, has told the Indian Express. The IE story, filed from Ahmedabad, said: The Modi government, he [Jaishankar] underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and […]
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar said. The Modi Government, he underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and nations in South-East Asia. “What we are also trying to do […]
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr. S. Jaishankar stressed on Saturday.The post India did more for Sri Lanka than IMF – Jaishankar appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
[…]The post Elections Season & JVP/SJB Options appeared first on Colombo Telegraph.
[…]The post Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies appeared first on Colombo Telegraph.
[…]The post Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century appeared first on Colombo Telegraph.
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.
Japan welcomed the coordinated debt restructuring program for Sri Lanka. Finance Minister Shunichi Suzuki acknowledged the higher risks faced by low- and middle-income nations concerning debt vulnerabilities amid the COVID-19 pandemic and Russia’s invasion of Ukraine. He welcomed the recent launch of a coordinated debt restructuring program for the bilateral creditors of crisis-hit Sri Lanka...
[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa on Tuesday alleged that having failed to thwart Ranil Wickremesinghe’s ascent to presidency, the US was now working with the UNP leader to achieve its objectives. MP Weerawansa, the Chairman of the Uththara Lanka Sabhagaya said that President Wickremesinghe already consented to three of the […]
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
The United States has called on China to deliver on its commitments to Sri Lanka. U.S. Treasury Secretary Janet Yellen said she was encouraged that China — the world’s largest sovereign creditor — had agreed to provide specific and credible financing assurances for Sri Lanka, but said China and all of Sri Lanka’s creditors needed […]
The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.