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[…]The post Fascism Behind The Façade: A Human & Humane Stance Towards The Humanitarian Crisis In Palestine appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
British Prime Minister Rishi Sunak has pledged to stand with Israel in its “darkest hour,” adding he wanted the country to “win” its war with Hamas. Speaking after a meeting with Israeli counterpart Benjamin Netanyahu, the PM said the Palestinian people were “victims of Hamas too”. He repeated the UK supported Israel’s right to self-defence, […]
Sri Lanka's president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China's Belt and Road Initiative.The post Sri Lanka president urges debt relief to help green transition appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Palestinians, The Terrorists & Israelis, The Victims appeared first on Colombo Telegraph.
An international consultant has been appointed to guide the restructuring process of SriLankan Airlines, Minister of Port, Shipping and Aviation Nimal Siripala de Silva said. The Minister said the consultant is expected to bring expertise and best practices to guide the restructuring efforts. Sri Lanka’s aviation sector has reported a substantial profit of Rs. 22 […]
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
The United States said it was “disturbed” by a Russian envoy’s announcement that Moscow will reverse its ratification of a 1996 treaty that banned the testing of nuclear weapons. Russia’s envoy to the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO), Mikhail Ulyanov, said on Friday that Moscow will revoke its ratification of the pact. The announcement by Ulyanov […]
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo today (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s ambitious climate plans and the dire state of global biodiversity. President Wickremesinghe opened […]
[…]The post Sri Lanka: IMF / World Bank – Systemic Reforms Needed appeared first on Colombo Telegraph.
President Ranil Wickremesinghe has said all media should engage in a discussion on whether to enter into international agreements or work within the country’s legal framework. He said so at the felicitation ceremony to honour one of the most distinguished figures in Sri Lankan journalism, Edmund Ranasinghe, the founding Editor of ‘Divaina’ newspaper and former […]
Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances.The post Sri Lanka aims to streamline tax structure, boost collections appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Saman Indrajith Opposition and SJB leader Sajith Premadasa told Parliament yesterday that Sri Lanka had failed to secure the crucial second tranche of a $3 billion loan from the International Monetary Fund as the country was still being ruled by the same corrupt family regime, which had bankrupted the economy. Premadasa said that the […]
The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market. “We see demand growing about 2.4 million barrels a day,” Haitham Al Ghais told the […]
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. ...
An explosion at a fuel depot in Azerbaijan’s Nagorno-Karabakh has killed 20 people and injured hundreds more, local Armenian authorities say. Nearly 300 people were admitted to hospitals, with dozens of them “still in critical condition”. It comes as the Armenian government
By Sanath Nanayakkare The Global CEO Forum Sri Lanka held at the Galadari Hotel on Thursday showed a clear shift of discussion topics by Sri Lankan business leaders compared to what they were talking about just a year ago. Completely deviating from airing worries about how to run their businesses amid economic turmoil, business leaders […]
by Neville Ladduwahetty In order to assuage the apprehensions of India regarding the intended arrival of the Chinese research vessel Shi Yang 6 to Sri Lanka, an informed source of the National Aquatic Resources Research Agency (NARA) is reported to have said “a team of officials from the NARA would board Shi Yang 6 to […]
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
The government yesterday (01) increased fuel prices again and announced the cancellation of the QR code system that was in place to restrict fuel supply in the retail market. The QR code system was meant to drastically drop fuel consumption due to the financial crisis that throttled the economy
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sinopec Energy Lanka, a Beijing-based leading international petroleum company, has officially commenced its business operations in Sri Lanka by starting fuel supply at its first filling station in Sri Lanka established in Mattegoda, Colombo from yesterday (August 30).The post Sinopec officially
Sinopec, a Beijing-based leading international petroleum company, has officially kicked off its business operations in Sri Lanka, commencing fuel supply at its first filing station on the island nation established in Mattegoda, Colombo.
In July 2022, Sri Lanka witnessed the inauguration of President Ranil Wickremesinghe amidst a severe economic and political turmoil, marking one of the most challenging crises since gaining independence in 1948. Preceding him, former President Gotabaya Rajapakse had been compelled to step down following widespread protests triggered by extended 12-hour power outages and ongoing scarcities […...
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, had failed to pay the interest and principal on […]
Islamabad [Pakistan], August 17 (ANI): Jamaat-e-Islami ameer Sirajul Haq has announced a nationwide protest from Friday over an increase in the price of petroleum products, Pakistan-based The News International reported. In a statement on Wednesday, Sirajul Haq condemned Pakistan’s caretaker government’s decision to increase price of petroleum products. He urged Pakistan’s caretaker Prime Minister...
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
By Y P Prakash India’s Strategic Lunar Missions Contrast with Sri Lanka’s Costly Ventures and Underutilized Infrastructure, Highlighting Investment Priorities and Technological Futures Over the course of several years, the investment in India’s space exploration missions has seen both accomplishments and financial considerations. In 2008, the pioneering Chandrayaan-1 mission was ...
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.