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Maldives President Ibrahim Mohamed Solih has conceded defeat in a presidential run-off vote after an official count showed his rival Mohamed Muizzu in an impenetrable lead. “Congratulations to president-elect Muizzu,” Solih wrote on X, formerly known as Twitter, after the Elections Commission of the Maldives showed his opponent winning 54 percent of ballots on Saturday. […]
[…]The post Biden’s Strike Solidarity & Trudeau’s Bombshell On India appeared first on Colombo Telegraph.
[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
[…]The post Target 2048 – Complex Economy System appeared first on Colombo Telegraph.
[…]The post Glocalization Without Financialization appeared first on Colombo Telegraph.
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage.The post Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last instalment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh […]
[…]The post 117th Birth Anniversary & Long Legacy Of JR Jayewardene appeared first on Colombo Telegraph.
Sri Lanka has called for reform in multilateral institutions like the UN, particularly the expansion of the Security Council’s composition. President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri...
Sri Lanka President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday (September 21) which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges.The post Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and global solidarity appeared first on ONLANKA - Sri L...
President Ranil Wickremesinghe addressed the UN General Assembly in New York on Thursday (21) on the theme “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but has managed to […]
By Güner UREYA As the first Ambassador of the Republic of Kosovo to the People’s Republic of Bangladesh, I followed the developments and general trends in other South Asian countries as well, since we do not have diplomatic relations with neighbouring countries of Bangladesh. One of these countries is Sri Lanka. As I started writing, […]
Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
South Korean President Yoon Suk-yeol pledged his support for Sri Lankan President Ranil Wickremesinghe’s economic recovery plan for Sri Lanka and praised his counterpart’s program aimed at alleviating the severe economic crisis in the country and commended his dedication.The post South Korea pledges support for President Ranil Wickremesinghe’s economic recovery plan appeared first on ONLANKA...
“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]
Iran has released five American prisoners, moving them to Tehran’s airport for a flight to the Qatari capital, Doha, as part of a prisoner exchange with the United States. Four of the five were moved to house arrest last month as part of the deal. The fifth prisoner had been moved to house arrest earlier. […]
[…]The post The Apologetic Custodian Of The EPF Is Also A Victim appeared first on Colombo Telegraph.
The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked
Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
[…]The post Unthinking Nation appeared first on Colombo Telegraph.
[…]The post A Meteor Shower Of Novel Terms appeared first on Colombo Telegraph.
By Jayantha Somasundaram When Dr Salvador Allende was elected President of Chile in 1970 at the head of a coalition that included the Socialist and Communist Parties, and with a mandate to nationalise foreign capital, carry out land reform and implement sweeping welfare measures, his government was targeted by Washington and opposed by Chile’s business […]
Friday 15th September, 2023 Nobody dared trifle with Gotabaya Rajapaksa when he was the Defence Secretary. It was jokingly said then that he exercised 50% of President Mahinda Rjapaksa’s executive powers! Many a true word is said to be spoken in jest. Even senior Cabinet ministers used to bow and scrape before him. Never did […]
While the progressive empowerment of people and their steady liberation from the forces of state repression could be regarded as being at the heart of democratic governance, it is imperative that the defenders of democracy everywhere ensure that these basic aims are achieved and protected by governments claiming loyalty to the fundamental ideals of democracy. […]
Former State Minister Dr. Nalaka Godahewa, MP, says that the ruling party politicians were labouring under the misconception that the very individuals responsible for the unprecedented economic crisis could be the architects of the economi recovery process. The Gampaha District MP said that unless that notion was challenged and publicly disapproved it could lead the […]
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.