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China’s efforts to gain the space it lost in Sri Lanka to India have hit yet another stumbling block after it vehemently opposed the invitation to Tibetan Buddhist spiritual guru Dalai Lama. Sri Lanka is a Buddhist-majority country and China’s record of treatment of religious minorities especially Tibetan Buddhists has not been good. China’s image […]
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
A major crisis involving thousands of unfinished apartments across China awaits the government even as it tackles the severe Covid outbreak and tries to ward off an economic disaster owing to the strict lockdowns only recently lifted under people’s pressure. The property loan market in the country is experiencing rising bad debts. They stand at 29 per […]
[…]The post The Absurdity Of ‘Independence’ & The Myth Of ‘Public Mandate’ appeared first on Colombo Telegraph.
Turkey’s Foreign Minister Mevlut Cavusoglu has revealed that China has refused to allow the Turkish ambassador to visit the Uyghur region in the north-western Xinjiang province, admitting it has strained ties between the two nations, reported MEMO (Middle East Monitor). Cavusoglu, holding a year-end press briefing in Turkey’s capital Ankara, said the Chinese government “said [...
It is time for Pakistan’s military, bureaucratic, political, business, and all others to turn the page on a broken, dysfunctional, and failed status quo and it must acknowledge India’s incredible coming of age as a country, writes Mosharraf Zaidi in The News International. In 1999, when General Musharraf sprung the Kargil misadventure on the Pakistani […]
[…]The post Celebrating Independence Or Inaugurating Dependence? appeared first on Colombo Telegraph.
By N Sathiya Moorthy Barring his followers, no one really got to know about the lead of the Tamil Progressive Alliance (TPA) of Upcountry Tamils, Mano Ganesan, abstaining from what passed off for an all-party conference called by President Ranil Wickremesinghe the other day, to discuss and discourse on the ‘National Problem’. No, it is […]
Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries.The post Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post State Sponsored Child Abuse – Will Sri Lanka Honor UNHRC Recommendations? appeared first on Colombo Telegraph.
India and Sri Lanka have been able to address the impact of a Chinese surveillance vessel’s visit to Hambantota port last year and Colombo is looking to New Delhi to help drive economic recovery through investments in key sectors such as energy, Sri Lankan envoy Milinda Moragoda said.The post Jaishankar’s visit reset bilateral relations, says Sri Lankan envoy appeared first on Sri Lanka News...
Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.The post Sri Lanka economy could shrink by -3.5% to -4%, president says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
ECONOMYNEXT –The United Kingdom is “ready to consider” financing assurances to Sri Lanka to secure a 2.9 billion US dollar extended fund facility (EFF) with the International Monetary Fund (IMF), a UK official said. Minister of State (Foreign, Commonwealth and Development Office) Anne-Marie Trevelyan told the British parliament on Tuesday January 24 that the UK […]
[…]The post Is The World, Hopelessly Divided Over Ukraine, Coming Together For Sri Lanka? appeared first on Colombo Telegraph.
[…]The post There’s No Statute Of Limitations On Crimes Against Humanity appeared first on Colombo Telegraph.
[…]The post Continuing With Tight Monetary Policy: Is The Central Bank Making A Mistake? appeared first on Colombo Telegraph.
[…]The post Big Fishes In Little Ponds: The Government’s & Civil Society’s Rightward Tilt appeared first on Colombo Telegraph.
Sri Lanka has been able to save US$ 2,500 million from the very first day the imports were restricted until today, Finance State Minister Ranjith Siyambalapitiya said.The post Sri Lanka saved over US$ 2,500 Million from import restrictions – State Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Pakistan is seeking $1.1bn from the fund, part of its $6bn bailout package, to avoid default.The Pakistani rupee has dived to a historic low against the United States dollar after an exchange cap was lifted as the cash-strapped country seeks to unlock a vital bailout from the IMF. The Washington-based lender has yet to approve […]
By PRIYAN DE SILVA Executive Director of the Centre for Policy Alternatives (CPA) and co-convener of the Centre for Monitoring Election Violence (CMEV) Dr. Paikiasothy Saravanamuttu has warned that the March 9 LG polls (if held) may turn violent as political parties are fighting for their survival as the results of the election may be […]
[…]The post 75 Years – What Have They Done? It Is A Paradise Misplaced appeared first on Colombo Telegraph.
International Monetary Fund (IMF) Executive Director Dr. Krishnamurthy Subramanian has said the political will displayed by the Sri Lankan leadership to speed up reforms and implement difficult tax increases in order to revive the economy is highly appreciable, according to a statement issued by Prime Minister Dinesh Gunawardena’s Office yesterday (26) Dr Subramanian, who called […]
Friday 27th January, 2023 A group of Central Bank (CB) employees, on Wednesday, joined other professionals in protesting against the recently-introduced steep tax hikes. As part of the ongoing Black Protest Week campaign conducted by a collective of professional associations, those workers put up black flags and stood up to the police, who tried to disrupt […]
Sri Lanka is confident of reaching a deal with all its international creditors and securing financial support from the International Monetary Fund (IMF). State Minister of Finance Shehan Semasinghe said that the public have placed their trust on support from the IMF as it would create a foundation in finding solutions for the economic crisis […]
Japan has noted the need for creditors to help crisis-hit Sri Lanka. Japan’s top finance diplomat, Masato Kanda said that crisis-hit Sri Lanka was a key issue when it came to helping countries in debt but he was not sure when creditors aiming to extend it loans would meet. He said that middle-income countries have […]
China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s Foreign Ministry said, confirming a Reuters report earlier this week. EXIM offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according […]
Debt-ridden Sri Lanka on Wednesday (January 25) thanked India for issuing the necessary guarantees sought by the IMF that would help Colombo to unlock the USD 2.9 billion bailout package.The post Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Pivithuru Hela Urumaya (PHU) leader Udaya Gammanpila, MP yesterday (25) proposed that both public and private sector workers be paid on a weekly basis. The former Power and Energy Minister claimed that it would help both the cash-strapped government and private sector to cope up with the continuing economic crisis. The Colombo District lawmaker said […]
By Sanath Nanayakkare Governor of the Central Bank Dr. Nandalal Weerasinghe said yesterday that the CBSL was not in any way connected to the matter of holding local government elections. Dr. Weerasinghe said so responding to a question from journalists as to how the Central Bank viewed the possibility of holding the local government elections […]