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Sri Lankan lawmakers began debating a proposed constitutional amendment on Thursday that would trim the powers of the president, a key demand of protesters who are seeking political reforms and solutions to the country’s dire economic crisis.The post Sri Lankan lawmakers debate bill to trim presidential powers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka introduces reform bill to clip presidential powers (Category: Breaking News)
- Sri Lanka President declares open Third session of Ninth Parliament (Category: Breaking News)
- Sri Lanka bill to trim president’s powers likely to become law within weeks – Minister (Category: Breaking News)
- Sri Lanka President prorogues Parliament (Category: Breaking News)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.
- Lankans migrate, work over time, and eat less to beat inflation (Category: Breaking News)
- Half of Lankan families reducing children’s food intake as country slips further into hunger cri... (Category: Breaking News)
- Female applicants for the vacant executioner position in Sri Lanka (Category: Breaking News)
- "Operation Colombo" plan of Rajapaksa has political and economic components (Category: Breaking News)
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 […]
- Crime syndicate venturing into terrorism getting state hospitality in neighboring country: India... (Category: Breaking News)
- Number of Times China Blocked UN from Designating Pakistan-based Militants as ‘Global Terrorists’ (Category: Breaking News)
- India to deliberate on UN reforms, global counter-terrorism during December presidency of UNSC (Category: Breaking News)
- India, Pakistan foreign ministers trade heated barbs on ‘terror’ (Category: Breaking News)
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
- Price of 92 Octane Petrol increased in Sri Lanka (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- First two Sinopec fuel shipments to arrive in Sri Lanka in August (Category: Breaking News)
- National Fuel Pass to be introduced today in Sri Lanka (Category: Breaking News)
[…]The post Ranil-Rajapaksa: The Bells Shall Toll For The ‘Hilters’ Of Our Time! appeared first on Colombo Telegraph.
- With Impunity Remaining Normalised, What Hope For Sri Lanka? (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! (Category: Breaking News)
- ‘Endangering National Security’ – A Trojan Horse To Erode Human Rights! (Category: Breaking News)
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- NATO Expansion: The Untold Agreement & Its Role In The Ukraine War (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Ancient Values Influence Behaviour Centuries Later (Category: Breaking News)
Former People’s Alliance lawmaker M. M. Zuhair, PC has said that Western powers will exploit an invitation to probe 2019 Easter Sunday attacks to delve into wartime accountability issues. The following is the text of the statement issued by one-time State Counsel close on the heels of the conclusion of the 51 session of the […]
- Government says committed to probe (Category: Breaking News)
- House Oversight Committee assures probe (Category: Breaking News)
- Cabinet takes up Channel 4 allegations; Premadasa asks for international probe (Category: Breaking News)
- Azad Moulana offers to testify in Easter attacks probe (Category: Breaking News)
by Neville Ladduwahetty During the course of his address, as Chair of the 55th Annual meeting of the Asian Development Bank, Sri Lanka’s President, Ranil Wickremesinghe, said, “As they say, in many of our countries, when the elephants fight, it is the grass that is crushed”. As far as Sri Lanka is concerned, its strategically […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- IMF chief says debt situation in Sri Lanka no longer sustainable (Category: Breaking News)
- IMF chief pleased with deal reached to support Sri Lanka (Category: Breaking News)
[…]The post Sri Lanka’s Past Is Prologue For China appeared first on Colombo Telegraph.
- The China-Lanka Conundrum (Category: Breaking News)
- Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt (Category: Breaking News)
- The Destiny Of China’s Colony Of Sri Lanka (Category: Breaking News)
- Chinese Survey Vessel Yuan Wang 5 reaches Port of Hambantota in Sri Lanka (Category: Breaking News)
[…]The post Are The IMF & Ranil Wickremesinghe Neoliberal? appeared first on Colombo Telegraph.
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Collective Consciousness Of Sri Lankans – Is It Constructive Or Destructive (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
Sri Lankans have lost access to most medicine and medical supplies, setting them on course for a humanitarian disaster, Direct Relief reported. Unlike Russia’s invasion of Ukraine and the recent hurricane batterings of Puerto Rico and Florida, Sri Lanka’s crisis grew slowly and has garnered few international headlines. But Sri Lankans are suffering amid the […]
- Americares donates more than $773,000 USD worth of medical supplies to Sri Lanka (Category: Breaking News)
- US donates medical equipment to Sri Lanka-wide hospitals (Category: Breaking News)
- US based charity sends essential medications to Sri Lanka (Category: Breaking News)
- Sri Lanka seeks bridge financing from Singapore (Category: Breaking News)
The Dialog Axiata said it had partnered with Sampath Bank to launch a US dollar pre-paid fuel card to tourists which can top up to a maximum of 300 US dollars and use to pump fuel as the country grapples with a severe currency crisis.Sri Lanka is suffering the worst bout of monetary instability
- SC recommends further streamlining fuel distribution through SLTB (Category: Breaking News)
- QR code for issuance of fuel further delayed (Category: Breaking News)
- Police arrest more suspects for illegally storing and selling fuel (Category: Breaking News)
- AG ordered to submit proper fuel distribution mechanism for essential services (Category: Breaking News)
By N Sathiya Moorthy Possibly there is no precedent of the kind elsewhere. By underlining the importance of addressing ‘underlying governance factors and root causes’ that have ‘contributed’ to Sri Lanka’s unprecedented economic crisis, the UNHRC resolution, as Foreign Minister Ali Sabry, said was all a product of ‘geo-politics’ that has ‘polarised’ the UNHRC Council […]
- Sri Lanka admits facing defeat in Geneva (Category: Breaking News)
- Sri Lanka’s Foreign Minister continues attack on Canada (Category: Breaking News)
- UNHRC cannot dictate on economic reforms in Sri Lanka – Foreign Minister (Category: Breaking News)
- Ali Sabry to brief UN General Assembly (Category: Breaking News)
Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.The post Sri Lanka begins crucial debt restructuring talks with China appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
By Rathindra Kuruwita Central Bank Governor Dr. Nandalal Weerasinghe yesterday told journalists that Sri Lanka was holding discussions with China on debt restructuring and the developments were positive in general.However, the Governor refused to elaborate on discussions with any creditor, stating that specific details of these discussions would affect markets. “We can’t be specific. We [...
- CB Governor says biggest bugbear for businesses is high inflation (Category: Breaking News)
- CB Governor sees light at the end of the tunnel (Category: Breaking News)
- Chinese loans: Debt restructuring to commence in earnest after 20th National Congress of CPC (Category: Breaking News)
- Rupee appreciation alone not indicative of economic stabilisation – economist (Category: Breaking News)
[…]The post Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? appeared first on Colombo Telegraph.
- Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Are Providers Of Information Under RTI Cognizant Of Their Obligations? (Category: Breaking News)
- Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively.The post Central Bank of Sri Lanka maintains policy interest rates unchanged appeared first on Sri Lanka N...
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
The card can be topped up in increments of 50 US dollars up to US$300
- Price Balance (Category: Business)
- Petrol Hike (Category: Business)
- Fuel prices increased in Sri Lanka (Category: Breaking News)
- Fuel Protests (Category: Business)
A high probability that inflation will peak around 75-pct and start to fall
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
- Central Bank of Sri Lanka expects economic recovery in 2023 (Category: Breaking News)
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Ranawaka: It’s possible to prosecute those who bankrupted country (Category: Breaking News)
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
- Sri Lanka to table bill that will allow competitors to import petroleum products (Category: Breaking News)
- Sri Lanka plans to allow more fuel distributors (Category: Breaking News)
- Sri Lanka parliament nods to liberalize petroleum sector amid protests (Category: Breaking News)
- Sri Lanka cabinet clears plan allow new foreign fuel distributors (Category: Breaking News)
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
- Sri Lanka’s Central Bank to hold rates as inflation stays high (Category: Breaking News)
[…]The post Politics Of Protests appeared first on Colombo Telegraph.
- Battle over proposed power tariff intensifies as PUCSL Chief rejects NC deadline (Category: Breaking News)
- Nepal: Crisis deepens, Maoists to discard election if NC leads Govt (Category: Business)
- Governors from across the South heading to NC (Category: USA, South Carolina)
- Armed man held after arrest as Obama leaves NC (Category: USA, South Carolina)
[…]The post Give Amnesty To Protestors As Next Step appeared first on Colombo Telegraph.
- Reliance On Repression Will Worsen Current Crisis (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
- Human Rights Protection Requires More Inclusive Approach (Category: Breaking News)
- Dimming Prospects Of International Assistance As Confidence In Erodes (Category: Breaking News)
By Jehan Perera None too soon, President Ranil Wickremesinghe appears to be putting the brakes on the government’s policy of repression in dealing with public protests. His decision to initially sign the Gazette notification declaring key areas of Colombo to be High Security Zones was roundly criticised by human rights organisations including the Human Rights […]
- UNHRC resolution is consequence of governance failure (Category: Breaking News)
- Give Amnesty To Protestors As Next Step (Category: Breaking News)
- As UN General Assembly Convenes, Leading Senators Unveil Resolution Urging International Coopera... (Category: Breaking News)
- Post-War Reconciliation Process: Human Rights violation (Category: Breaking News)
[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.
- Human rights compliant recovery measures critical to stop spiraling hunger, poverty in Sri Lanka... (Category: Breaking News)
- Sri Lanka urged to ensure adequate nutrition for all pregnant, breastfeeding women (Category: Breaking News)
- AI: Lanka at brink of humanitarian crisis (Category: Breaking News)
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
Ceylon Petroleum Corporation owes around $800 million to foreign suppliers for fuel.
- Deficit Woes (Category: Business)
- Schedule announced for Lanka Premier League 2023 (Category: Sports)
- Bangladesh Women’s National Team Tour of Sri Lanka 2023 (Category: Sports)
- Credit Watch (Category: Business)
A key measure of Sri Lanka's consumer inflation surged to an annual record 69.8% in September, official data showed on Friday, highlighting the challenge for the central bank as the island reels under its worst financial crisis in seven decades.The post Sri Lanka’s key inflation rate surges to record, keeps central bank pressured appeared first on Sri Lanka News - Latest Breaking News in Sri...
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 54.2% in January (Category: Breaking News)
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