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By Rebecca Bundhun India’s economy and equity markets are outperforming most of their global peers. Despite a slew of challenges including macroeconomic headwinds stemming from Russia’s war in Ukraine, elevated crude oil prices and tightening liquidity globally, the growth story of Asia’s third-largest economy remains intact. “The Indian economy and equity markets proved to be [&...
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- ‘India is in a sweet spot for the next few years’ (Category: Breaking News)
- Apparel producers decry 400% off-peak electricty price hike (Category: Breaking News)
[…]The post US Vulnerabilities Coalesce appeared first on Colombo Telegraph.
- War On China? – I: Justifications For War: Thucydides “Trap”, Clash Of Civilisations, Domino The... (Category: Breaking News)
- Globally, A Rightward Political Shift Is Visible (Category: Breaking News)
- Social Democracy, The NPP’s Tasks & Global Extremism (Category: Breaking News)
- Capitalism On Life Support: Planetary Bounds To Market-Lead Growth (Category: Breaking News)
Investors are waiting for directions from budget policies - analysts
- Sri Lanka shares fall on profit taking (Category: Breaking News)
- Sri Lanka shares gain over 2-pct in mid-day trade on positive interim budget (Category: Breaking News)
- Sri Lanka stocks gain for third straight session led by market heavyweights (Category: Breaking News)
- Sri Lanka shares gain over 2-pct in mid-day trade (Category: Breaking News)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
The Embassy of Sri Lanka in Moscow has secured a long-term Credit Line from the Government of the Russian Federation in order to procure fuel to Sri Lanka, the embassy said.The post Sri Lanka secures a long-term Credit Line from Russia to procure fuel appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka secures long-term credit line from Russia (Category: Breaking News)
- Sri Lanka secures long-term credit line from Russia to procure fuel (Category: Breaking News)
- India extends USD 1 Billion Credit Line for Sri Lanka until March 2024 (Category: Breaking News)
- Sri Lanka s credit line with India extended by $200 million for fuel (Category: Breaking News)
Sri Lanka has secured a long-term credit line from the Government of the Russian Federation, the Embassy of Sri Lanka in Moscow said. The Embassy said that on the 17th October 2022, a productive discussion was held with the Russian Government on the possibility of obtaining a long term credit line in order to procure […]
- Sri Lanka secures a long-term Credit Line from Russia to procure fuel (Category: Breaking News)
- Fuel stocks sufficient for only around five days (Category: Breaking News)
- Sri Lanka looks to enhance ties with Russia (Category: Breaking News)
- India denies water cannon supplied to Sri Lanka under credit line (Category: Breaking News)
The 11-days that India’s External Affairs Minister (EAM) S. Jaishankar allocated for his recent visit to the United States (US) to attend the 77th session of the United Nations General Assembly (UNGA) and numerous other multilateral and bilateral events were a sign of the increasing confidence and assertiveness that India is now displaying on the […]
- Crime syndicate venturing into terrorism getting state hospitality in neighboring country: India... (Category: Breaking News)
- Number of Times China Blocked UN from Designating Pakistan-based Militants as ‘Global Terrorists’ (Category: Breaking News)
- India to deliberate on UN reforms, global counter-terrorism during December presidency of UNSC (Category: Breaking News)
- India, Pakistan foreign ministers trade heated barbs on ‘terror’ (Category: Breaking News)
Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sell fuel as it attempts to cope with a steep oil bill that deepened its worst financial crisis in decades.The post Sri Lanka approves law to liberalize petroleum imports appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Price of 92 Octane Petrol increased in Sri Lanka (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- First two Sinopec fuel shipments to arrive in Sri Lanka in August (Category: Breaking News)
- National Fuel Pass to be introduced today in Sri Lanka (Category: Breaking News)
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- NATO Expansion: The Untold Agreement & Its Role In The Ukraine War (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Ancient Values Influence Behaviour Centuries Later (Category: Breaking News)
My final column set out a 10-point highway map for vitality atmanirbharta (Constructing the long run, IE September 5). On this article, I’ll elaborate on considered one of them: The significance of pure fuel because the bridge gasoline in direction of that aim. The set off for this elaboration is the announcement on the finish […]
- Pharmaceutical industry warns against unilateral decision on pricing (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- Government to register fuel consumers at fuel stations (Category: Breaking News)
- PUCSL Chairman claims fuel price can be reduced further (Category: Breaking News)
Sri Lanka tourism is yet to see large foreign visitors after political crisis ended.
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- Apparel producers decry 400% off-peak electricty price hike (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Ranawaka: It’s possible to prosecute those who bankrupted country (Category: Breaking News)
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- A Child’s Guide To Demand Of 182 Academics For Cancelling Sri Lanka’s Foreign Debt (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
The Sri Lankan authorities continue negotiations with Russia on the provision of a loan to buy Russian fuel, Sri Lankan Minister of Transport and Highways and Minister of Mass Media Bandula Gunawardena said on Saturday in an interview with Sputnik.The post Sri Lanka, Russia continue talks on loan for Russian oil products appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANK...
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
- Sri Lanka mulls buying Russian oil & fertilizers (Category: Breaking News)
- Sri Lanka seeks investors for nuclear power plants (Category: Breaking News)
- India expects $8-$9 Billion bilateral trade with Russia, Sri Lanka in two months (Category: Breaking News)
[…]The post Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue appeared first on Colombo Telegraph.
- Taking Dictatorial Steps To Control Public Sri Lanka (Category: Breaking News)
- Corruption & Lack Of Common-Sense; Presidential Brutalities (Category: Breaking News)
- Lack of Common Sense Of A Time-Expired President (Category: Breaking News)
- Government-Sponsored Terrorism In Sri Lanka (Category: Breaking News)
The government procurement system does not allow long term contracts.
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
- War On China? – III: Pivot To East (Category: Breaking News)
- To Be Or Not To Be (A US Military Base) (Category: Breaking News)
- Two Challenges: Economic Recovery, Political Devolution – II (Category: Breaking News)
- Sri Lanka’s Past Is Prologue For China (Category: Breaking News)
By Easwaran Rutnam Several foreign companies have made offers to import and sell fuel in Sri Lanka. Minister of Power and Energy Kanchana Wijesekera said that 24 company’s from the UAE, Saudi Arabia, USA, China, India, Russia, UK, Malaysia, Norway and the Philippines have submitted proposals for the Expression of Interest (EOI) to engage in […]
- CEB officials placed on compulsory leave (Category: Breaking News)
- Kanchana insists revision of CEB tariffs a must (Category: Breaking News)
- Claims of a 10-hour power cut in 2023 rubbished (Category: Breaking News)
- Solar energy proposed to counter high electricity tariffs (Category: Breaking News)
” Sri Lanka cannot do without IMF’s support. Having declared its inability to service its foreign debt, Sri Lanka is struggling to reach a consensus with lenders and the IMF. Two of Sri Lanka’s major creditors, India and China, locked horns over a port visit by a Chinese ship. Sri Lanka should be wary of […]
- Yuan Wang 5 triggers a moot point of contentious politics between India and Sri Lanka (Category: Breaking News)
- Chinese ship visit: Sabry contradicts Defence Ministry (Category: Breaking News)
- German research ship allowed Sri Lanka port call after Chinese-protest led clarification (Category: Breaking News)
- Lanka and India in ‘meeting of minds’ over security (Category: Breaking News)
[…]The post Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 appeared first on Colombo Telegraph.
- Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean (Category: Breaking News)
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
[…]The post Looking At The Problem Of The Point Of View Of The State appeared first on Colombo Telegraph.
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
- Collective Consciousness Of Sri Lankans – Is It Constructive Or Destructive (Category: Breaking News)
- Are The IMF & Ranil Wickremesinghe Neoliberal? (Category: Breaking News)
- The Role Of The Attorney General In Sri Lanka (Category: Breaking News)
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
- Why I Don’t Support The Aragalaya (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Saying No To Authoritarian Governance (Category: Breaking News)
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- China confirms two-year debt moratorium offered to Sri Lanka (Category: Breaking News)
The head of the U.S. government aid agency called on China on Wednesday to help Sri Lanka and other nations that had borrowed heavily from Beijing with debt restructuring, not just with lines of credit and emergency loans.The post USAID chief calls on China to restructure Sri Lanka’s debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- USAID head urges crisis-hit Sri Lanka to tackle corruption (Category: Breaking News)
- Political reforms need to accompany economic reforms in Sri Lanka – Samantha Power (Category: Breaking News)
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
- Over 400 respond (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
Political analysts have predicted Acting President Ranil Wickremesinghe to be the forerunner in the presidential
- Rajapaksa’s party is key to deciding Sri Lanka’s new president (Category: Breaking News)
- Sri Lanka ruling party majority behind Dullas; Sajith to be PM: G L (Category: Breaking News)
- Sri Lanka’s presidential vote – Alahapperuma comes from far behind after Premadasa’s withdrawal (Category: Breaking News)
- Parliament split ahead of Presidential Election (Category: Breaking News)
Sri Lanka’s Acting President Ranil Wickremesinghe says that the issues which prevail in Sri Lanka with regard to hunger, are man made.The post The food crisis in Sri Lanka is man made, Acting President Ranil tells Global Forum appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
- Special statement by Sri Lanka’s Acting President Ranil Wickremesinghe (Category: Breaking News)
- Nominations presented to elect Sri Lanka’s new President – Ranil, Anura, Dullas to contest for p... (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
by Kumar David Thus, we may all “Chortle in our joy” on July 13 or 20 if everything goes as promised. The first step in the Sri Lankan Colour Revolution seems to have inched forward like a golden dream but I will remain on guard till both Gotabaya (GR) and Wickremesinghe (RW) have been seen […]
- Oh Frabjous Day! Calloo Callay! (Category: Breaking News)
- President to make fresh clarion call for all-party national government (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
- Opposition to boycott today’s meeting with IMF (Category: Breaking News)
[…]The post Oh Frabjous Day! Calloo Callay! appeared first on Colombo Telegraph.
- Oh Frabjous Day! Callooh Callay! (Category: Breaking News)
- Aragalaya At The Cross-Roads & In The Cross-Hairs (Category: Breaking News)
- Is Cascading Collapse Unstoppable? (Category: Breaking News)
- Ranil: A SWOT Appraisal (Category: Breaking News)
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