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India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the country, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s Chairman-cum-Managing Director M. Senthilnathan said. Sri Lanka, facing its worst economic and political crisis in over seven
CP Chairman DEW G says lawmakers here should be aware of what is going on in the world. The Parliament cannot turn a blind eye to global developments, the former MP said, pointing out that the ongoing Ukrainian crisis underscored the need for greater understanding of international affairs
[…]The post The March Towards ‘Akhand Bharat’ appeared first on Colombo Telegraph.
[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.
By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies
CPC, CEB need to recover costs until end of Fund’s loan package By Rathindra Kuruwita The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday. The IMF also wanted the […]
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.
[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
Talks between the EU and 5 countries in South Asian region were held in New Delhi and online, as part of EU-funded workshop series supporting the ‘Farm to Fork’ (F2F) Strategy put in place by the EU in the context of the wider ‘Green Deal’. Stakeholders from India, Bhutan, Sri Lanka, Bangladesh and Nepal have […]
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Vladimir Putin, Xi Jinping & Joe Biden appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri
CIA Chief’s cloak-and-dagger visit: By Shamindra Ferdinando Pivuthuru Hela Urumaya (PHU) leader, Udaya Gammanpila, MP, yesterday (06) said that the Wickremesinghe-Rajapaksa government and the US embassy in Colombo should come clean on CIA Director William Joseph Burns’ Colombo visit. The former Power and Energy Minister said so in response to The Island query whether the […]
[…]The post Sri Lanka’s Asian Heritage appeared first on Colombo Telegraph.
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]
India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world's largest sovereign creditor, to take a large haircut on loans.The post Exclusive: G20 host India to propose China, other creditors take haircuts on loans – sources appeared first on Sri Lanka News - Latest Bre...
By Shamindra Ferdinando Eric Walsh presented his credentials to President Ranil Wickremesinghe, on Feb. 02, at the President’s House in Kandy. Wickremesinghe was flanked by Foreign Minister Ali Sabry, PC, and Presidential Secretary Saman Ekanayake. Canada, with the concurrence of Sri Lanka, appointed Walsh as High Commissioner of Canada to Colombo. Walsh, who had served […]
[…]The post Is The World, Hopelessly Divided Over Ukraine, Coming Together For Sri Lanka? appeared first on Colombo Telegraph.
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund (IMF) said in a new staff report.The post IMF says fragmentation could cost global economy up to 7% of GDP appeared first on Sri Lanka News ...
Sri Lanka: Crisis of Rights, Accountability (Jakarta, January 12, 2023) – The change of presidents of Sri Lanka in 2022 did not lead to any improvement in the country’s human rights record, Human Rights Watch said on Wednesday in its World Report 2023. During 2022, thousands of Sri Lankans
[…]The post Change Of Presidents Did Not Lead To Any Improvement In Human Rights: HRW appeared first on Colombo Telegraph.
President Ranil Wickremesinghe has responded to calls for reform and accountability with repression, Human Rights Watch said today following the release of its World Report 2023. The change of presidents of Sri Lanka in 2022 did not lead to any improvement in the country’s human rights record, Human Rights Watch said in the report. During 2022, […]
The New Year 2023 is definitely going to be a significant year for India’s leadership ambitions. India’s presidency of the G20 forum as well as the Shanghai Corporation Organization (SCO), brings with itself the rare opportunity to present to the world that India is well-prepared and well-equipped to clinch its position as an emerging power. […]
By Easwaran Rutnam Private companies who lent at high interest rates are holding up vital debt relief for Sri Lanka, a group consisting of over 180 global economists and development experts said. Debt Justice said that these private companies, who lent to corrupt politicians, must face consequences from their risky lending by cancelling Sri Lanka’s […]
Bangladesh Prime Minister Sheikh Hasina and Sri Lankan President Ranil Wickremesinghe will be among 20 world leaders who will participate in the “Voice of the Global South Summit” (VGSS) next week hosted by India virtually, Indian media reported.The post President to participate in India-hosted Voice of Global South Summit – report appeared first on Sri Lanka News - Latest Breaking News in S...
[…]The post Prospects For Global Capitalism: 2023 & After appeared first on Colombo Telegraph.
[…]The post Where Are We Heading In 2023? appeared first on Colombo Telegraph.