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After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there, Gopal Baglay, high commissioner of India to Sri Lanka, told ThePrint in an interview.The post Long-term investments in Sri Lanka are India’s plan to...
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
Passenger transport, goods transport hit
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
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 […]
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
The United Kingdom has issued a travel advisory on Sri Lanka warning against all but essential travel to Sri Lanka. The UK Foreign, Commonwealth and Development Office (FCDO) said that it advises against all but essential travel to Sri Lanka, due to ongoing political and economic instability. This advice does not apply to airside transit […]
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
Colombo: India continues help its close neighbor Sri Lanka which is facing the worst economic crisis in its history, by lending economic support and assistance. Indian Minister of Finance Nirmala Sitharaman told The International Monetary Fund recently to help Sri Lanka by extending its rapid aid facility even though Sri Lanka is classified as middle […]
By GABRIELLA STERN NEW YORK -- Sri Lanka's president said Wednesday that rising labor costs in China present an opportunity for his South Asian country to attract foreign companies seeking an alternative low-cost manufacturing base....
Sri Lankan Airlines is to build a tourist hotel near the main International Airport at Katunayake. Sri Lankan Airlines Chairman Nishantha Wickremasinghe said they are about to start building an airport hotel right opposite of the departure lounge. The site is an abandoned factory at an export processing zone near the airport that has been ...
By Cassandra Mascarenhas Preparations for the 11th International Indian Film Academy Awards that are to be held in Colombo just next week are going full steam ahead despite all the issues it has faced so far. Protests and picketing by a large number of the Indian Tamil community in India, several celebrities refusing to attend the [...]
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