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The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing an unprecedented economic meltdown with inflation in July hitting a record 60.8% and the country still facing […]
Will there be yet another diplomatic flashpoint between India and Sri Lanka over the scheduled arrival Wang 5 spy vessel at the Southern Hambantota Port close to mid-August? The spy vessel has put India in a strategic dilemma and wants Sri Lanka to refuse entry to the Sri Lankan territorial waters owing to security concerns. […]
Norway is concerned about the food and nutrition crisis in Sri Lanka. The Norwegian Government is providing NOK 13 million (approx. Rs. 490 million) to the World Food Programme (WFP), United Nations Children’s Fund (UNICEF) and the UN Population Fund (UNFPA) in Sri Lanka to address food, nutrition and protection needs of the most vulnerable […]
SriLankan Airlines has denied claims with regards to the meals in the business class seating of its flights. A video shared on social media showed a passenger raising concerns over the unavailability of a meal he had ordered in one SriLankan Airlines flight. SriLankan Airlines said that on this particular flight business class passengers were […]
Sri Lanka is in a moment of challenge and crisis but has an opportunity to create a more democratic and inclusive government, U.S. Secretary of State Antony Blinken said on Thursday.The post Sri Lanka crisis an opportunity for more democratic, inclusive Government – Blinken appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The United States and India have had high-level talks on the situation in Sri Lanka. US Secretary of State Antony Blinken discussed the situation in Sri Lanka at a meeting with Indian External Affairs Minister S. Jaishankar. Blinken tweeted saying during the meeting with Jaishankar he discussed the implications of Russia’s aggression against Ukraine and Sri […]
[…]The post Kapila Jayasekera: Killer-In-Chief In Both ACF & Five Students Cases appeared first on Colombo Telegraph.
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms
The Ambassador of Korea in Sri Lanka, Woonjin Jeong paid a courtesy call on Minister of Foreign Affairs of Sri Lanka, Ali Sabry on 29 July, 2022 at the Ministry.
Indian media had reported that India had raised the issue of the Chinese research vessel that is scheduled to arrive at the Hambantota Port, with President Ranil Wickremesinghe. India had raised concerns after the Ministry of Defence in Colombo confirmed the ship’s arrival, despite New Delhi clearly outlining its concerns regarding the arrival of this […]
ECONOMYNEXT – Sri Lanka’s Yupun Abeykoon has bagged the Bronze at the men’s 100 metre event at Commonwealth Games 2022 as his country reels from the worst currency crisis in the history of the island’s 72-year old central bank.Abeykoon won bronze clocking the 100 metres at 10.14 seconds, just behind South Africa’s Akani Simbine at 10.13 percent and Kenya’s Ferdi...
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
By Hiran H. Senewiratne Sri Lanka’s Life insurance penetration is less than 2 per cent of the total population; but the sector has enormous potential to grow. However, the motor insurance sector is doing well because every vehicle owner has to obtain a vehicle insurance policy, newly appointed chairman, Sri Lanka Insurance Corporation Ltd Ronald […]
Thursday 4th August 2022 President Ranil Wickremesinghe has proved that he is playing his new role with aplomb, and is desirous of adopting a novel approach to governance, if his maiden policy statement is anything to go by. He had yesterday’s ceremony to mark the inauguration of the third session of the ninth Parliament pared […]
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