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Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms
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 […]
[…]The post The Church Of Ceylon In Anarchy: Caste & Affirmative Action appeared first on Colombo Telegraph.
Taiwan’s Defence Minister Chiu Kuo-chang expressed concern that China’s People’s Liberation Army (PLA) would have the ‘complete capability’ to attack Taiwan by 2025. The Minister expressed concern while also highlighted sanctions as the means to deter aggression during a virtual seminar titled “Taiwan: is it key to the continuing world order?” organised by The Democracy […]
Almost one million people in a suburb of Wuhan – China’s central city where the coronavirus was first recorded – have been placed under lockdown. Jiangxia district residents have been ordered to stay inside their homes or compounds for three days after four asymptomatic Covid cases were detected. China follows a “zero Covid” strategy, including […]
by Sean GLEESON and Amal JAYASINGHE (AFP) Lankan security forces demolished the main anti-government protest camp in the capital Friday, evicting activists in a pre-dawn assault that raised international concern for dissent under the crisis-wracked country’s new pro-Western president. Troops and police Special Task Force commandos wielding batons and armed with automatic assault rifles charged on ...
Broadly the same opinion across the South, North and East
The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon.The post Sri Lanka faces shutdown without stable Government – Central Bank Governor warns appeared first on ONLANKA News - Sri Lanka News - Sri Lanka News Live and Breaking News Today.
Sri Lankan President Gotabaya Rajapaksa has left the Maldives on a Saudi airlines flight bound for Singapore, sources have told the BBC. The president had fled to the Maldives a day earlier amid mass protests over Sri Lanka’s economic crisis. It is not clear if Mr Rajapaksa will stay in Singapore or whether he will […]
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 […]
[…]The post War On China? – IV: Rules-Based International Order: Normalising Global State Terrorism appeared first on Colombo Telegraph.
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
Less than two months after he was re-elected president, Emmanuel Macron has lost control of the French National Assembly following a strong performance by a left alliance and the far right. He had called on voters to deliver a solid majority. But his centrist coalition lost dozens of seats in an election that has left […]
[…]The post Life After This Death? appeared first on Colombo Telegraph.
Sri Lanka could have avoided its current economic turmoil if it had gone to the International Monetary Fund (IMF) for a bailout sooner, the country’s central bank governor says. P Nandalal Weerasinghe told BBC Newsnight that the delay in seeking outside help was a mistake. The country has said it needs $5bn this year in […]
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices. The Federal Reserve said it would increase its key interest rate by three quarters of a percentage point to a range of 1.5% to 1.75%. The rise, the […]
[…]The post Aragalaya: People’s Response To Rajapaksa-Made Crisis appeared first on Colombo Telegraph.
[…]The post Playing Games With Constitutional Reforms appeared first on Colombo Telegraph.
After being closed to tourists for two years, Japan is opening its borders to visitors from 98 countries and regions. It marks the most significant moment so far in the country’s slow relaxation of its Covid-19 entry restrictions. But some restrictions will remain, including a requirement to visit the country as part of a tour […]
By Nick Beake Billions of dollars of Chinese money are boosting some European economies – but some of the deals being struck have a catch. Critics say they are “debt traps”, where China gets to choose what happens if loans aren’t repaid. China insists it is a reliable investment partner – but it is also […]
The International Monetary Fund (IMF) has warned that Sri Lanka style protests could break out in other countries if there is no proper Government support. Governments need to subsidise the cost of food and energy for the poorest members of society, the head of the International Monetary Fund (IMF) Kristalina Georgieva told the BBC. People […]
[…]The post Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay Alive appeared first on Colombo Telegraph.
[…]The post War On China? – I: Justifications For War: Thucydides “Trap”, Clash Of Civilisations, Domino Theory appeared first on Colombo Telegraph.
[…]The post System Change Or Systemic Thinking; Wither To Ranil? appeared first on Colombo Telegraph.
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
Sri Lanka's new prime minister has told the BBC an economic crisis that has brought misery and unrest is "going to get worse before it gets better".The post Sri Lanka economy crisis to get worse...Click on the headline to read the full story
Ferdinand “Bongbong” Marcos Jr, son of the Philippines’ former dictator, is poised to win the presidential election by a landslide, according to partial and unofficial results. The senator has so far won 55.8.% of the vote, compared to 28% for rival Leni Robredo. His win will mark the Marcos family’s return to power after 36 […]
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
Ride-hailing and delivery group Uber has made a $5.9bn (£4.7bn) loss, mostly due to its stakes in other companies. The firm said almost all of the loss was a result of the fall in the value of investments in businesses including two Asian ride-hailing giants – China’s Didi and South East Asia’s Grab. Shares in […]