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[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
A country’s security is not only ensured militarily but is also secured through food and economic security, Sri Lankan President Ranil Wickremesinghe emphasised.The post A country’s security is not only militarily but economic and food security as well – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Wednesday 12th October, 2022 The resentful public is demanding elections, but the government is offering electoral reforms instead. President Ranil Wickremesinghe has said that unless political parties co-operate with the government to reform the electoral system, the people will be consulted thereon directly at a referendum. He seems to think the people are still with […]
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 will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
[…]The post Are The IMF & Ranil Wickremesinghe Neoliberal? appeared first on Colombo Telegraph.
Group A-W will have 1 hour and 20 minutes power cut during the night.
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after Russia’s invasion of Ukraine.The post World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
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 […]
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
The people who raised their hands when these policies were made are now blaming us
By Saman Indrajith The poverty level in the country would increase sharply in the coming months and then no one will be able to stop a people’s uprising, MP Patali Champika Ranawaka said in Parliament on Thursday. “We need to establish a local mechanism to address human rights concerns. We have been saying this for […]
[…]The post Shocking & Damaging Performance Of BOI In Front Of COPF: Sack All The BOI Senior Staff To Save The Country! appeared first on Colombo Telegraph.
The Sapugaskanda Oil Refinery will be closed from today (October 07) due to the shortage in foreign exchange for crude oil cargo, announced Sri Lanka's Power and Energy Minister Kanchana Wijesekera.The post Sri Lanka’s Sapugaskanda oil refinery to be closed due to forex shortage appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The minister said enough fuel stock is available with the state-run Ceylon Petroleum Corporation (CPC)
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.
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 [...
Sri Lanka has launched the Tourist Fuel Pass, Prepaid Card system yesterday (October 05), allowing foreign tourists coming to Sri Lanka to be able to get fuel according to their needs, outside the QR Code system.The post Sri Lanka introduces Tourists Fuel Pass for foreign travelers appeared
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...
The card can be topped up in increments of 50 US dollars up to US$300
Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a government official in Tokyo said on Thursday, as the island nation struggles to find a way out of a crippling economic crisis. Sri Lanka has to renegotiate around $30 billion of foreign debt, including with bilateral creditors such […]
A high probability that inflation will peak around 75-pct and start to fall
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 […]
The rupee fell from 200 to 360 to the US dollar in 2022 pushing up construction costs
By DR L M K Tillekeratne Chairman of the National Development Committee of the ACBC It is a well-known fact that one the problems faced by Sri Lanka today is caused mainly by shortage of electricity for domestic purposes and industries. Three decades ago, only 20 % of houses had electricity for lighting. But, today […]
Trading was halted for second straight day after the liquid index plunged over 5% on Tuesday.
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.
1 hour 20 mins in the evening
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
Petrol is the cheapest fuel to import. Kerosene is usually the most expensive.