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Rupee has collapsed and fallen over 70 percent since central bank allowed flexible fox rate
China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis even as it refuted Sri Lankan President Gotabaya Rajapaksa’s remarks that Beijing has shifted its strategic focus from South Asia including Pakistan to South East Asia, saying the region still remained its priority. Sri Lanka has […]
“I invite anyone from the Aragalaya to take my place,” he said.
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
Bangladesh is considering sending potatoes to Sri Lanka during the ongoing crisis. The assurance was given by Bangladesh Prime Minister Sheikh Hasina during a meeting with the Secretary General of the South Asian Association for Regional Cooperation (Saarc) Esala Ruwan Weerakoon. According to the Dhaka Tribune, Weerakoon paid a courtesy call on the Prime Minister […]
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China is closing in on India after establishing ports at Gwadar in Pakistan, Hambantota and Colombo in Sri Lanka and soon it will have access to the Indian Ocean from ports in Myanmar. In August 2021, China successfully trialled a cargo run from Myanmar’s Yangon Port all the way to China’s Yunnan Province. China has […]
By Easwaran Rutnam British Prime Minister Boris Johnson, during a telephone conversation with Prime Minister Ranil Wickremesinghe today, spoke about Russian President Vladimir Putin’s barbaric invasion of Ukraine. During the telephone conversation with Prime Minister Ranil Wickremesinghe today, the British Prime Minister stressed the role Putin’s barbaric invasion and senseless blockade of t...
“Everyone, please get in the field, and grow [crops],” the minister said on Sunday (29) speaking to reporters.
The president has requested in writing from several countries including Russia to buy oil.
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Russian oil is being supplied to Sri Lanka to produce fuel at its sole refinery as the bankrupt nation faces crippling shortages of everything from gasoline to diesel. The Russian grade of Siberian Light will be processed at Ceylon Petroleum Corp.’s refinery in Sapugaskanda,chairman Sumith Wijesinghe said in a phone interview. The country’s only refinery […]
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
USAID Administrator Samantha Power has assured Prime Minister Ranil Wickremesinghe USAID support. USAID Spokesperson Rebecca Chalif said that Power held a call with Prime Minister Ranil Wickremesinghe to discuss how USAID is responding to the country’s political and economic crises. Administrator Power expressed her sympathy for those Sri Lankans who were killed or injured in the […]
Moscow [Russia], May 20 (ANI): The Russia-Ukraine war has reaped massive economic benefits for China and the country has even “profited from Russia’s misfortune”. Chinese officials view the sanctions given by the Foreign Ministers of G-7 countries against Russia as economic opportunities. According to US Commerce Secretary Gina Raimondo, Chinese technology exports to Russia have […]
By Nick Beake Billions of dollars of Chinese money are boosting some European economies – but some of the deals being struck have a catch. Critics say they are “debt traps”, where China gets to choose what happens if loans aren’t repaid. China insists it is a reliable investment partner – but it is also […]
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The International Monetary Fund (IMF) says it is in talks with stakeholders to support a timely resolution of the crisis in Sri Lanka. IMF spokesman Gerry Rice said that the IMF remains committed to help Sri Lanka in line with the IMF policies. “There’s currently a virtual IMF staff mission engaged in those technical talks […]
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By Steve Grant In 1993 then premier of China, Zhu Rongji, stood in front of a large map on his office wall, pointed to it and saw China’s destiny. China was largely landlocked, he said, open to the sea only on one side. It was different to other great powers who looked out onto a […]
Defence minister Rajnath Singh on Thursday said the ongoing Russia-Ukraine conflict highlighted the need for achieving self-reliance in defence even as he lauded the Indian Navy for being at the forefront of the “Aatmanirbhar Bharat” initiative. “Coming to the prevailing security environment in the world, the ongoing Russia and Ukraine conflict has once again highlighted […]
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