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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.
Beijing [China], August 12 (ANI): Recent protests in China’s Henan province underline the risks being faced by banks as the real estate sector continues to struggle. The real estate sector in China accounts for around 24 per cent of gross domestic product (GDP), almost a quarter of the nation’s GDP, according to authors Ahana Roy […]
The flow of remittances sent home by overseas Pakistanis slowed down to a five-month low at $2.52 billion in the first month (July) of current fiscal year mainly due to lesser number of working days in the month. “Otherwise, no big change has taken place in global economic fundamentals in the recent past that could […]
[…]The post Privatizing Sri Lanka Ex-Ante IMF Bailout Of BlackRock: Adani Greenwash In Mannar & Pooneryn appeared first on Colombo Telegraph.
Sri Lanka’s former Ambassador to Russia Udayanga Weeratunga was questioned by the Criminal Investigations Department (CID) today on the MiG-17 fighter jet deal. Weeratunga appeared before the CID today after he was issued summons. Speaking to reporters later Weeratunga said that he was questioned once again today over the MiG deal. He said that the […]
Rajapaksa resigned from the presidency after mass protests against the worst economic crisis since Independence.
By Neville Ladduwahetty “Relationship Not Normal, Can’t Be…”: S Jaishankar On India-China Ties As reported by a NDTV Staff Writer (13 Aug, 2022}, “External Affairs Minister S Jaishankar on Friday said that India-China relations cannot be normal unless border situation is and added that if China disturbs the peace and tranquility in border areas, it […]
[…]The post Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 appeared first on Colombo Telegraph.
[…]The post Purchasing Power Parity appeared first on Colombo Telegraph.
[…]The post A Democracy Of Dunces appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
President Gotabaya Rajapaksa’s two years in office – a period of unprecedented political turmoil, uncertainty and further deterioration of Parliament – should be thoroughly examined. In fact, the UNP, with the support of the then President Maithripala Sirisena, paved the way for Gotabaya Rajapaksa’s candidature, at the 2019 presidential election, by blocking Mahinda Rajapaksa’s path […...
[…]The post The Lighthouse Has Lost Its Glimmer appeared first on Colombo Telegraph.
India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India’s trade secretary said.The post India expects $8-$9 Billion bilateral trade with Russia, Sri Lanka in two months appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The widely acclaimed globalisation of the post-Cold-War era is now running in reverse. A protracted slowdown in global trade has been reinforced by persistent pandemic-related supply chain disruptions, ongoing pressures of the US-China trade war and efforts to align cross-border economic ties with geostrategic alliances, known as “friend-shoring”. These developments raise the pressure on China, [&...
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
By Saman indrajith The Russian energy company that sent representatives to Sri Lanka recently had presented the government with an MoU, National Freedom Front (NFF) leader, Wimal Weerawansa said in Parliament on Wednesday. If the Wickremesinghe administration was willing to sign the MoU, the Russians would supply fuel to Sri Lanka on credit, Weerawansa said. […]
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
[…]The post Is Global Financial Crash Imminent in 2022? appeared first on Colombo Telegraph.
By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
The Reserve Bank of India (RBI) on Monday decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/ imports in Indian Rupee (INR) in the backdrop of the domestic currency sinking to a fresh closing low of 79.4375 per Dollar (USD) due to FPI equity outflows and a strong USD. […]
[…]The post Dammika Perera Antics – Only Oligarch In Sri Lanka! appeared first on Colombo Telegraph.
ECONOMYNEXT –Sri Lanka should stop money printing earlier than indicated in a statement by Prime Minister Ranil Wickremesinghe, opposition legislator Harsha de Silva said, though legislators have already given extensive powers to the agency engage in liquidity injections. “Prime Minister Ranil Wickremesinghe talked about money printing,” de Silva told parliament. “He said, the in...
[…]The post War On China? – V: A “Carnival” Of Quads appeared first on Colombo Telegraph.
Says economy could contract 7-pct in 2022
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
Exports to Russia and Turkey too have dropped steeply
[…]The post Is Catastrophic Collapse Imminent? appeared first on Colombo Telegraph.