@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
114 results found in 2390 ms
Page 2 of 4
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
the island nation’s recovery from the unprecedented economic crisis as it is […]
By Rebecca Bundhun India’s economy and equity markets are outperforming most of their global peers. Despite a slew of challenges including macroeconomic headwinds stemming from Russia’s war in Ukraine, elevated crude oil prices and tightening liquidity globally, the growth story of Asia’s third-largest economy remains intact. “The Indian economy and equity markets proved to be [&...
intensifying global food, energy crisis – World Bank appeared first on Sri Lanka News - Latest Break...
[…]The post US Vulnerabilities Coalesce appeared first on Colombo Telegraph.
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sell fuel as it attempts to cope with a steep oil bill that deepened its worst financial crisis in decades.The post Sri Lanka approves law to liberalize petroleum imports appeared first on Sri Lanka
A military aircraft has crashed in a residential area of the southern Russian town of Yeysk, killing at least four people and injuring up to 25. An apartment block was set on fire and emergency services called in. A nearby school was evacuated, reports say. Russia’s defence ministry said the plane, a Su-34 fighter bomber, […]
In the 2022 Global Hunger Index, Sri Lanka has been ranked the lowest among South Asian nations.Sri Lanka has been ranked at 64 out of the 121 countries that were considered. With a score of 13.6, Sri Lanka has a level of hunger that is moderate, according to the GHI report released recently. In South […]
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
By N Sathiya Moorthy Possibly there is no precedent of the kind elsewhere. By underlining the importance of addressing ‘underlying governance factors and root causes’ that have ‘contributed’ to Sri Lanka’s unprecedented economic crisis, the UNHRC resolution, as Foreign Minister Ali Sabry
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
Unlike the financial crisis of 2008, the economic levers alone were insufficient to stimulate global economic recovery in 2022 as what had led to the current crisis was the consequences of evolving geopolitics, President Ranil Wickremesinghe said on Thursday at the ADB’s 55th annual meeting. “
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
The United Nations food chief has warned the world is facing “a global emergency of unprecedented magnitude” with up to 345 million people marching towards starvation – and 70 million pushed closer to starvation by the war in Ukraine.David Beasley, Executive Director of the UN World Food Programme, told the UN Security Council on Thursday […]
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population
USAID Administrator Samantha Power today announced an additional $40 million in development assistance to Sri Lanka to help farmers purchase fertilizer and other vital agricultural inputs. Power, who is currently in Sri Lanka, made the announcement after meeting farmers and discussing their issues. This assistance will support Sri Lankans as they come out of a […]
Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis, has returned to the country after seven weeks.The post Sri Lanka’s ousted president
The World Food Programme (WFP) says 6.3 million people or three in 10 Sri Lankans today are facing food insecurity.The post Three in 10 Sri Lankans are food insecure – World Food Programme appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Sri Lanka is among the top 10 countries with the highest food price inflation. The latest World Bank assessment places Sri Lanka at number 5 among countries hardest hit by food price inflation. Lebanon is leading the list followed by Zimbabwe, Venezuela and Turkey. Iran, Argentina, Suriname, Ethiopia, and Moldova and behind Sri Lanka. The […]
Bangkok:External Affairs Minister S Jaishankar said on Thursday that the relationship between India and China is going through an “extremely difficult phase” after what Beijing has done at the border and emphasised that the Asian Century will not happen if the two neighbours could not join hands. Jaishankar made the remarks while responding to a […]
” Sri Lanka cannot do without IMF’s support. Having declared its inability to service its foreign debt, Sri Lanka is struggling to reach a consensus with lenders and the IMF. Two of Sri Lanka’s major creditors, India and China, locked horns over a port visit by a Chinese ship. Sri Lanka should be wary of […]
Yes, of course, the older folks would all remember Edward Joseph; the young ones may find the name unfamiliar as Edward now lives in Germany and does his thing in that part of the world. Better known as Eddy, he was with the leader of the group Steelers and they were big in the local […]
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
Bangladesh has warned developing countries not to become like Sri Lanka by taking loans from China. Bangladesh’s Finance Minister AHM Mustafa Kamal has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global (BRI) inflation and slowing growth add to the strains on indebted emerging markets, […]
The World Food Programme (WFP) is seeking donor support to reach 3.4 million people in Sri Lanka with food and nutrition assistance as nearly a quarter of Sri Lanka is facing food shortages for millions.Sri Lanka’s worst economic crisis since independence is spinning off a “serious food
and avoid a Lanka-like forex crisis. While the […]