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Abeyewardena made the announcement at a press conference held at his official residence Friday July 15.
Foreign currency rating already at RD or Restricted Default
By Hiran H.Senewiratne CSE trading activities were of a negative nature from last morning due to the current political instability. Besides, the taking of short to medium term loans through Treasury Bills resulted in stock market investors switching to government securities, market analysts said. Last Tuesday the Treasury Bill rate increased significantly. It is said […]
President’s resignation letter received By Shamindra Ferdinando The Speaker’s Office announced last night that it had received President Gotabaya Rajapaksa’s letter of resignation.Speaker Mahinda Yapa Abeywardena’s Office has said that at a party leaders’ meeting held on Thursday evening members called for the immediate resignation of Prime Minister Ranil Wickremesinghe, who is now Acting for [...
The Central Bank of Sri Lanka (CBSL) yesterday urged people to be vigilant when using virtual currencies.CBSL has not given any licence or authorisation to any entity or company to operate schemes involving VCs, including cryptocurrencies, and has not authorized any Initial Coin Offerings (ICO), mining operations or Virtual Currency Exchanges. Issuing a press release […]
Sri Lanka's political uncertainty is on he rise since the economic crisis hit most people.
The Modi government is giving a renewed push to conclude some of the pending UPA-era free trade agreements (FTAs) and even clinch some new ones. The aim is to achieve the $2 trillion export target by 2030, and address disruptions in global supply chains created by the pandemic and the ongoing Russia-Ukraine war. In its first tenure […]
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. […]
In a move to counter China’s Belt and Road Initiative, US President Joe Biden along with other G7 leaders unveiled (June 26) an ambitious plan; “the Partnership for Global Infrastructure and Investment (PGII)”. The PGIIP plans to mobilize $600 billion funding by 2027 to deliver “transparent” and “game-changing” infrastructure projects in developing countries. It aims […]
By R. R. M. Lilani Even Lord Venkateshwara at the Tripathi Temple in Tamil Nadu, whom the Rajapaksas and Prime Minister Ranil Wickremesinghe visit for years in search of strength, power and protection, had let them down dearly. The Rajapaksas were grounded by President Gotabaya, a non-politician who only took pride in winning the Tamil […]
COLOMBO (News 1st); The Foreign Ministry of Singapore confirms that President Gotabaya Rajapaksa has been allowed entry into Singapore on a private visit. The Foreign Ministry Further adds that he has neither asked for asylum and nor has Singapore granted any. Singapore generally does not grant asylum, the statement by the Singapore Foreign Ministry adds.President Gotabaya was NOT granted asylum: ...
Rajapaksa finally resigns after over 3 month protest
By Easwaran Rutnam Singapore says President Gotabaya Rajapaksa has not sought asylum and is in the country on a private visit. In response to media queries, the Singapore Foreign Ministry confirmed that Rajapaksa has been allowed entry into Singapore on a private visit. “He has not asked for asylum and neither has he been granted […]
.he Saudi Air flight SV788 landed in Changi Airport at 1917 local time (1647 Sri Lanka Time)
Beijing [China], July 7 (ANI):Amid escalations by Chinese military aggression in the South China Sea, countries like Japan, South Korea, Australia and Singapore are all increasing their military budgets and spending as a response to the aggression they have experienced from China. People in Japan have already expressed their displeasure over China making claims on […]
Sri Lanka s embattled President Gotabaya Rajapaksa has left Maldives after fleeing his own country amid an economic collapse, foreign media reported today.
It is important to anticipate legal trends, anticipate consumer trends
Reiterating India’s support for Sri Lanka, Indian External Affairs Minister S Jaishankar said that the situation in the island nation is very sensitive and New Delhi is focusing on ways it can help Colombo economically at this time of need. Addressing a press briefing in Kerala, Jaishankar said, “The situation in Sri Lanka is very […]
Former Chancellor Rishi Sunak has won the first round of voting by MPs to choose the next Conservative leader and prime minister. He got 88 votes, with Trade Minister Penny Mordaunt in second place on 67 and Foreign Secretary Liz Truss third on 50. Chancellor Nadhim Zahawi and former health secretary Jeremy Hunt were eliminated […]
President Gotabaya Rajapaksa, who departed for the Maldives amidst the ongoing economic crisis and growing protests demanding his resignation, has not headed to Singapore, foreign media revealed.
John Bolton, a former United States ambassador to the United Nations and ex-White House national security adviser, has admitted in an interview he had helped plan coups in foreign countries.Bolton made the remarks to CNN on Tuesday after the day’s congressional hearing into the January 6, 2021 attack on the US Capitol. Former President Donald […]
[…]The post Gota Goes: Diary Of A Disaster Foretold appeared first on Colombo Telegraph.
An efficient mechanism is required to guarantee that disclosures made at parliamentary watchdog committees on the basis of Auditor General’s reports are used to further investigate and prosecute wrongdoers. AG’s reports and observations made by watchdog committees underscore the failure on the part of the Parliament to take effective and punitive measures to curb waste, […]
Chinese Foreign Ministry Spokesperson Wang Wenbin has told Monday’s (11) regular, media briefing all stakeholders could bear in mind their fundamental interests. Responding to a Bloomberg query on the situation in Sri Lanka the day after protesters took control of the President’s House, Presidential Secretariat and Temple Trees, Wenbin said: “China is closely following the […]
BY Fr J.C. PIERIS SJ Dr Bilesha Weeraratne said in The Island of 08/07/22: “The decision by the Cabinet to partially lift the Family Background Report (FBR) requirement for female migrants is long overdue and a welcome move to promote female labour migration from Sri Lanka.” I am against not only the lifting of the […]
[…]The post The First Step Of Aragalaya Is Completed: What Is Next? appeared first on Colombo Telegraph.
[…]The post Tumult, Tear Gas & Tourism appeared first on Colombo Telegraph.
[…]The post Dammika Perera Antics – Only Oligarch In Sri Lanka! appeared first on Colombo Telegraph.
COLOMBO (News 1st); The developments in Sri Lanka are its internal affair, said Russian Foreign Ministry Spokeswoman Maria Zakharova. “We believe that the developments in Sri Lanka are its internal affair and the political process in that country, which we regard as friendly, will develop further in keeping with its constitution and effective laws,” she […]Russia says development...