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[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
Forex problems should be addressed by macro-economic policy
Quoting the management company, the PMD said bookings have already been made for 15 events by December 31.
Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country is to extend a helping hand to the island nation at this […]
President Ranil Wickremesinghe should immediately end the use of draconian counter-terrorism laws to target peaceful protesters and release those in custody, Human Rights Watch said today. The authorities detained three student activists who participated in an August 18, 2022 demonstration under the abusive Prevention of Terrorism Act (PTA), which allows up to a year’s detention without […]
Wickremesinghe is budgeting in a sea of monetary instability
Bangladesh Prime Minister Sheikh Hasina today made it clear that Bangladesh will never face an economic crisis like Sri Lanka as her government has been developing the country in a planned way. “There is no use in making false accusations against us. Bangladesh will never become Sri Lanka and it can’t be,” she said. The […]
The country is yet to see the impacts of economic crisis easing.
Hopes to stop money printing
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
IT industry also hit from ban on computer items
By Shamindra Ferdinando SJB MP Dr. Harsha de Silva yesterday said that he was quite disappointed that his economic revival plan, or common minimum programme, presented in parliament on 12 August hadn’t received the anticipated response from political parties, represented in Parliament. The Colombo District lawmaker said so when The Island asked him whether political parties and President […...
[…]The post Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do It? appeared first on Colombo Telegraph.
Sri Lanka is now ranked sixth in the world in child malnourishment and second in South Asia, he said.
Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.The post Sri Lanka’s president to cut spending in interim budget appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Former Deputy National Security Advisor (NSA) Pankaj Saran slammed the Chinese Ambassador to Sri Lanka for linking the Taiwan issue with Sri Lanka and saying Beijing has always been supporting Colombo in the international fora for protecting its sovereignty, independence, and territorial integrity. In a series of tweets on Friday, the Chinese Embassy in Sri Lanka praised Colombo […]
By N Sathiya Moorthy After a steep, 75-per cent hike in power-tariffs, the government has now announced increased charges for water and drainage charges. Though brought down after a steeper increase at the peak of fuel-shortage, the transport fares too are not going to be the same even as much as they had become in […]
Expat workers blamed for engaging in essential and non-essential imports
Printed money bigger than budget deficit
But now even without the bridging financing we are managing the situation
[…]The post The China-Lanka Conundrum appeared first on Colombo Telegraph.
Sri Lanka is sending trained nurses to work in hospitals in the United Kingdom. Foreign Minister Ali Sabry awarded letters of appointment to a group of Sri Lankan trained nurses who are scheduled to begin their employment at hospitals in the United Kingdom. This is the first batch of trained nurses under the programme implemented […]
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
Japan is seeking to organize a Sri Lanka creditors’ conference, hoping it could help solve the Sri Lanka’s debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said according to a Tokyo datelined Reuters dispatch on Friday.Tokyo is open to hosting talks among all the creditor nations […]
Sri Lanka has one state employee for 14 people
If the US and its allies are allowed to subvert the principles of non-interference, national sovereignty and territorial integrity of countries like Sri Lanka would be in serious peril, Ambassador of China, Qi Zhenhong said yesterday in a statement. “More seriously, the world might slide back to jungle rules and barbarian times. With separatists and […]
[…]The post Government’s Attempt To Redefine The Political Discourse & Direction Through Suppression appeared first on Colombo Telegraph.
China says it has always been supporting Sri Lanka in the international fora for protecting its sovereignty, independence, and territorial integrity, and will continue to do that. In an article titled “From One-China Principle to ‘Yuan Wang 5’: Let’s Join Hands and Resolutely Safeguard Our Sovereignty, Independence and Territorial Integrity” China’s Ambassador to Sri Lanka, Qi […]
Japan is seeking to organise a Sri Lanka creditors’ conference, hoping it could help solve the South Asia nation’s debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said. Tokyo is open to hosting talks among all the creditor nations aimed at lifting Colombo from its worst […]
However, it is not clear whether top creditor China would join and a lack of clarity remains about Sri Lanka's finances,