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[…]The post Politics Of Protests appeared first on Colombo Telegraph.
[…]The post Give Amnesty To Protestors As Next Step appeared first on Colombo Telegraph.
By Jehan Perera None too soon, President Ranil Wickremesinghe appears to be putting the brakes on the government’s policy of repression in dealing with public protests. His decision to initially sign the Gazette notification declaring key areas of Colombo to be High Security Zones was roundly criticised by human rights organisations including the Human Rights […]
[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
CEB has to pay arreas of 10-months to the sector
A key measure of Sri Lanka's consumer inflation surged to an annual record 69.8% in September, official data showed on Friday, highlighting the challenge for the central bank as the island reels under its worst financial crisis in seven decades.The post Sri Lanka’s key inflation rate surges to record, keeps central bank pressured appeared first on Sri Lanka News - Latest Breaking News in Sri...
Unlike the financial crisis of 2008, the economic levers alone were insufficient to stimulate global economic recovery in 2022 as what had led to the current crisis was the consequences of evolving geopolitics, President Ranil Wickremesinghe said on Thursday at the ADB’s 55th annual meeting. “The Ukraine war on one side and the US-China rivalry, […]
Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
While claiming that the international community must rise above the narrow national agenda, India said that, for its part, is taking exceptional measures at exceptional times to help its neighbours including Sri Lanka.The post India exceptional in helping neighbourhood including Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Uditha Devapriya Sri Lanka is still living with the consequences of Gotabaya Rajapaksa’s presidency, partly because his government has not left and partly because resistance to it, though repressed, is still alive. Under Ranil Wickremesinghe the State has asserted its will and imposed it on those who disagree with it. It has arrested protesters […]
The UK is providing urgent food and farming support to Sri Lankans hit hardest by the economic crisis, UK Minister of State for the Middle East, South Asia, and the UN, Lord Tariq Ahmad of Wimbledon said. More than one third of people are struggling to eat and are suffering shortages of fuel, power, and […]
The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]
Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring negotiations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka securing a […]
A meeting was held with the minister and other stakeholders on September 06
Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.The post Sri Lanka set to begin talks to restructure debt of $30 Billion appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Another Open Letter to the Minister of Agriculture Mr. Minister, It appears that you are being lobbied by various individuals with an eye of promoting toxins and fossil additives into agriculture with seemingly no concern to the well being of our population. The writer quotes, ‘This has been best put by Bombastus Paracelsus (1493 -1541), […]
Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.The post Sri Lanka inflation rate surges to 70.2% in August appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Wickremesinghe also met King Charles III on Sunday September 18.
Critics of the party have claimed that the party is trying to quietly sow public scepticism about the deal
(PTI) The Sri Lankan government will virtually brief all its external creditors, on September 23, on the deal agreed with the International Monetary Fund (IMF) for the economic recovery and the next steps in the debt restructuring process. On September 1, the IMF reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement […]
[…]The post How We Came To This Pass – On The “Non-Rule Of Law System” appeared first on Colombo Telegraph.
Investor sentiment has turned buoyant after IMF comments
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population is food insecure and that one out of […]
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.The post Sri Lanka’s economy shrinks 8.4% amid fertiliser, fuel shortages appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
‘IMF won’t maintain ministers, excess staff’ By Shamindra Ferdinando Dissident SLPP MP Prof. G. L. Peiris has alleged that the failure on the part of Parliament to fulfil one of its primary obligations, namely the responsibility for public sector finance caused the current crisis. The incumbent government had been compelled to seek the International Monetary […]
Shares have been on the rise mainly on positive sentiment after the IMF comments.