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[…]The post Naked King & The Crumbling State: Seven Decades Of Fake Saviours appeared first on Colombo Telegraph.
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens. It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors. Evergrande defaulted on its huge debts in 2021, which sent shock-waves through global […]
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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 […]
Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender’s board, comes after an eight-month delay. The South Asian nation is facing its worst economic crisis since independence from Britain in 1947. To help secure […]
The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]
[…]The post Liberal Or Edible Economics: Global Disorder Worst In A Century 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 US central bank has raised interest rates to the highest level in 16 years as it battles to stabilise prices. The Federal Reserve increased its key interest rate by 0.25 percentage points – its 10th hike in 14 months. The Fed signalled that Wednesday’s rise may be its last one for now. The moves […]
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia. The IMF predicts the UK […]
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
Hundreds of thousands of Israelis have rallied against government plans to overhaul the judicial system, in what organisers say are the biggest street protests in the country’s history. Prime Minister Benjamin Netanyahu says the changes – that would curb the power of courts – will restore balance between the branches of government. Opponents say they […]
The Central Bank of Sri Lanka (CBSL) bank has urged China and India to agree a write-down of their loans as soon as possible.The post Central Bank Governor urges China and India to reduce Sri Lanka’s debts soon appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s central bank has urged China and India to agree a write-down of their loans as soon as possible. The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a $2.9bn (£2.4bn) bailout. But the International Monetary Fund will not release the cash until China and India first agree to reduce Sri […]
Cassandra’s ole head is spinning like a carousel after reading Don Manu’s column in the Sunday Times of December 4, titled Mahinda gorged on foreign cake while people struggled for bread. He lists the millions spent on foreign trips of two brothers – then Prez and PM – and in a separate box deals with […]
The three-year-old is losing weight and complains of leg pains and weakness. The doctor's diagnosis is clear - Nitisha is underfed and malnourished.The post Sri Lanka’s children go hungry as food prices soar appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Two Australian men have been charged with bribing Sri Lankan officials to secure infrastructure contracts worth millions of dollars.The post Two Australians arrested for bribing Sri Lankan officials for lucrative contracts appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Two Australian men have been charged with bribing Sri Lankan officials to secure infrastructure contracts worth millions of dollars. Australian police arrested the pair last month after a decade-long investigation spanning several countries. The men, aged 67 and 71, worked for a company which has been accused of misconduct in South Asian countries. They are […]
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
Hotels charge in US dollars, I do not see why we cannot
Sri Lanka central government debt falls to US$32.4bn from US$50.5 billion rupees
The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world’s largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are […]
[…]The post The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms
assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized
A leading human rights group has accused the new Sri Lanka Government of cracking down on dissent. The Sri Lankan Government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today. Since Ranil Wickremesinghe was sworn in as President on July […]
[…]The post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.