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Dr. Jaishankar is in Sri Lanka to help under the “neighborhood first” strategy of India By R. R. M Lilani Dr. Jaishankar, India’s Foreign Minister, who is scheduled to arrive in Sri Lanka on January 19, 2023, has made another ‘neighbourhood first’ agreement with Sri Lanka by backing the country’s delayed debt restructuring programme with […]
By Sanath Nanayakkare The Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Tuesday that Sri Lanka had been hiding its bankruptcy which had actually occurred months before it was officially announced. He said so during a multi-TV channel programme where several key political and public officials responsible for the country’s economy were quizzed […]
The IMF could finalise Sri Lanka’s financing package within three weeks of the country’s main bilateral creditors formally informing the IMF that they would help Sri Lanka restructure its debt, Governor of the Central Bank, Dr. Nandalal Weerasinghe, said on Thursday appearing on a TV programme. Dr. Weerasinghe said that Sri Lanka had already provided […]
I am pleasantly surprised and marvel too most times I read the editorial in The Island. Why? Because they are so very apt on the most current issue in the land. The editor has the clever knack of hitting the nail right on the head and is fearless even when the nail represents a VVIP. […]
[…]The post What Is To Be Done? – Anura Kumara Dissanayake appeared first on Colombo Telegraph.
By N Sathiya Moorthy At a time when India, Sri Lanka and Maldives are fighting international drug menace jointly and severally, comes President Ranil Wickremesinghe’s budget that has proposed legalising cannabis cultivation. The idea is to help boost farm-produce (?) exports and forex reserves, which are at the lowest level since the economic crisis hit […]
[…]The post National Council’s Economic Stabilisation Report Is A Welcome Sign appeared first on Colombo Telegraph.
[…]The post Economic Bankruptcy & Political Instability appeared first on Colombo Telegraph.
About 50% of factories had been closed and the others were operating at sub optimal levels, Dhammika Samarawickrama, head of the Micro Electric International (Pvt) Ltd said during a TV interview on Wednesday night. “This is a big problem. A lot of factories have been closed, and the others are working only for about two […]
Seylan Bank, the Bank with a Heart, brought back the enigmatic character; Uncle Albert from its memorable television commercial featuring Western Union’s money transfer service, to encourage increased foreign remittances through official channels. First aired over two decades ago, the iconic advertisement features Uncle Albert saving the day by sending Suresh Rs. 50,000 via Western […]
Snake greeting the eagle from Lord Shiva’s neck By: B Nimal Veerasingham During my middle school days once a month on the last period of the last Friday we had a session called ‘Students club’. I was not sure whether it was part of the general curriculum or simply school specific, but it was a […]
[…]The post Child’s Guide To Ranilnomics: Economic Reforms Unproductive Unless Extractive Institutions Are Halted appeared first on Colombo Telegraph.
[…]The post Auditors Could Have Prevented Alleged ‘Thico’/Thilini Scandal appeared first on Colombo Telegraph.
Tens of thousands of civilians and Russian-appointed officials are being moved out of Ukraine’s southern Kherson region ahead of a Ukrainian offensive, says the Russia-installed local leader. Vladimir Saldo said all Russian-appointed departments and ministries would cross the Dnieper river. Some 50-60,000 civilians would also leave in an “organised, gradual displacement”, he said...
[…]The post Will Subramanian Swami‘s Visit Revive Racist Politics? appeared first on Colombo Telegraph.
by Goolbai Gunasekara The political scene changes from day to day….indeed from hour to hour it seems. Here are some thoughts on subjects being discussed among people like me who have no influence in politics but have plenty to say on the bizarre events that have shown a rich vein of eccentricity running through the […]
"But this time, because of this special situation that money can be used to finance the fiscal deficit as well."
That means authorities we should not talk about debt restructuring parameters
CBSL Chief Weerasinghe said on Monday that Sri Lanka had no practice of revealing IMF programmes.
Basically there is a limit to what can be shared with the public or parliament
[…]The post Futility Of Transforming A Nation Built Over A Political Cesspit appeared first on Colombo Telegraph.
The Lotus Tower is to finally commence operations with the President’s Office saying it will open on 15th September, 2022. The President’s Media Division (PMD) said that locals will be able to enter the tower by purchasing a ticket for Rs. 500 (normal) or Rs. 2,000 (fast pass) while foreign passport holders will need to […]
Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]
[…]The post Perversions Of The Justice System: Comparative Remarks On Sri Lanka & The USA appeared first on Colombo Telegraph.
By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...
[…]The post Did Bankruptcy Of Sinhala Language Help Push The Country Off The Cliff appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
London August 05, 2022 (PTI):Former Chancellor Rishi Sunak convincingly won over an audience of Conservative Party members in a head-to-head television debate with rival Foreign Secretary Liz Truss in the leadership contest to elect a new Tory party leader and British Prime Minister. The ‘Battle for Number 10’ on ‘Sky News’ on Thursday night brought […]
Friday 5th August 2022 Sri Lanka’s struggle to shore up its crumbling economy continues, and there are no signs of promised foreign assistance materialising anytime soon. The Cabinet has just retained the services of some foreign firms for external debt restructuring, which is one of the main conditions for the IMF bailout package. When the […]
[…]The post BASL; Altruistic Union That Does Not Stand For Its Members’ Sake But For The People appeared first on Colombo Telegraph.