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India has approved a special ‘vostro’ account for Sri Lanka, a means of using rupees instead of dollars for international transactions. According to Reuters, Sri Lanka had shown interest in the mechanism and the special vostro accounts have been approved by the Reserve Bank of India (RBI). The Reuters report said that Tajikistan, Cuba, Luxembourg […]
We are headed towards a fully digitized world. While this may seem ideal during the age of perpetual technological revolutions, the transformation is not without its consequences. The landscape for cyber threats has been steadily expanding in no small part due to cyber criminals being as ambitious and entrepreneurial as ever. The sophistication of the […]
By Easwaran Rutnam Italy has sought Sri Lanka’s support in its bid to secure the rights to host the 2030 Expo in Rome. Russia, South Korea, Italy, Ukraine, and Saudi Arabia have submitted bids to hold the prestigious event. Gaetano Castellini Curiel, the Deputy Coordinator of the campaign to make Rome the venue of the […]
Months into Russia’s invasion of Ukraine, it is becoming increasingly clear that the latter’s traumas would not end any time soon. Nor is the invader registering any notable gains from its fatal decision to annex Ukraine by armed means and might. However, it’s abundantly clear that the destabilizing economic consequences for the world from the […]
Sandya Ekneligoda, a human rights activist and wife of missing journalist Prageeth Ekneligoda has made it to BBC’s 100 women of 2022.The post Human rights activist Sandya Eknaligoda named among world’s 100 top influential women 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
“They may be knifed or their lives threatened” ECONOMYNEXT – Tourists from Russia and Ukraine who are staying in houses in Sri Lanka for long periods are engaging in business activities and should be taxed to prevent them being knifed by competitors, SLPP MP Chandima Weerakkody told parliament on Friday. “There are many tourists who […]
Sri Lanka’s Colombo city is among the world's least expensive cities to live in according to the annual Economist Intelligence Unit (EIU) survey.The post Sri Lanka’s Colombo city among world’s least expensive cities to live appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka, India and several other countries abstained from voting on a draft resolution approved by the UN General Assembly that recognised that Russia must be responsible for making reparations to Ukraine.The post Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka abstained from voting on a resolution at the UN General Assembly that calls for Russia to pay war reparations to Ukraine. India, Bangladesh, Bhutan, Brazil, Egypt, Indonesia, Israel, Nepal, Pakistan, South Africa and Sri Lanka were among the countries that abstained. The UN General Assembly yesterday (Monday) adopted the resolution that calls for […]
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
Sri Lanka President Ranil Wickremesinghe told the Parliament on Thursday (November 10) Sri Lanka won’t have a major issue with food security during next year, hopefully.The post Sri Lanka won’t have a major issue with food security during next year – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Need To Restrain The Power Of Shadow Finance appeared first on Colombo Telegraph.
Tamil Guardian asks: The UK policy, regarding mainly Sri Lankan Tamils held in Diego Garcia, is likely to remain unchanged. Some of those who reached Diego Garcia, home for the strategic US military base, over a year ago, have already been sent back “voluntarily” to Sri Lanka. They returned in the wake of the UK […]
[…]The post Indian-Israeli Involvement In Sri Lanka Is A Disaster appeared first on Colombo Telegraph.
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk intensifying global food, energy crisis – World Bank appeared first on Sri Lanka News - Latest Break...
India’s Union Minister of State for Defence and Tourism Ajay Bhatt says Sri Lanka was in such a bad economic crisis that its security forces were unable to pay the nominal fees for training exercises in India. Bhatt, who was speaking at a session on ‘AatmaNirbharta in Defence R&D – Synergistic Approach’ at the DefExpo […]
Emphasising on the need to attain self-reliance, India’s Minister of State for Defence and Tourism Ajay Bhatt said Sri Lanka was in such a bad economic crisis that its security forces were unable to pay the nominal fees for training exercises in India.The post Sri Lankan security forces couldn’t pay training fees to India: MoS Defence appeared first on Sri Lanka News - Latest Breaking News in Sri ...
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
Sri Lanka’s internet freedom declined during the period of June 2021 to May 2022 due to Government attempts to repress online activities related to protests around the economic crisis, the Freedom on the Net report 2022 said. Prolonged powercuts in the early part of the year also impacted connectivity. In April 2022, the Government briefly […]
The 11-days that India’s External Affairs Minister (EAM) S. Jaishankar allocated for his recent visit to the United States (US) to attend the 77th session of the United Nations General Assembly (UNGA) and numerous other multilateral and bilateral events were a sign of the increasing confidence and assertiveness that India is now displaying on the […]
Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sell fuel as it attempts to cope with a steep oil bill that deepened its worst financial crisis in decades.The post Sri Lanka approves law to liberalize petroleum imports appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
There are no price controls on bread
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
Western countries this week ratcheted up their criticism of China, the world's largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts.The post Global finance leaders single out China as barrier to faster debt relief appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
[…]The post IMF Must Become More Than Just A Debt Collector For Private Creditors appeared first on Colombo Telegraph.
[…]The post How We Came To This Pass: A Quest For Scapegoats appeared first on Colombo Telegraph.
Sri Lanka abstained from voting on a resolution at the United Nations against Russia, which was passed with 143 votes. The UN General Assembly passed the resolution by a large majority, calling on countries not to recognise the four regions of Ukraine which Russia has claimed, following so-called referendums held late last month, and demanding […]
The United Nations General Assembly on Wednesday overwhelmingly voted to condemn Russia s annexation of parts of Ukraine, a move US President Joe Biden said sent a Âclear message to Moscow.
At a time when Russian President Vladimir Putin is making it all too obvious that he will be depending on Hard Power or armed might to forge ahead with his plans in Ukraine, the conferring of the 2022 Nobel Peace Prize on a human rights campaigner of Belarus and on two organizations engaged in kindred […]