India has approved a special ‘vostro’ account for Sri Lanka, a means of using rupees instead of dollars for international transactions. According to Reuters, Sri Lanka had shown interest in the mechanism and the special vostro accounts have been approved by the Reserve Bank of India (RBI). The Reuters report said that Tajikistan, Cuba, Luxembourg […]
- Indian Central Bank approves five ‘vostro’ accounts for Sri Lanka (Category: Breaking News)
- RBI allows international trade settlement in Rupee (Category: Breaking News)
- Sri Lanka wants to start rupee trade with India (Category: Breaking News)
- India allows Sri Lanka to settle $1 bn credit facility in India rupees (Category: Breaking News)
By Easwaran Rutnam Italy has sought Sri Lanka’s support in its bid to secure the rights to host the 2030 Expo in Rome. Russia, South Korea, Italy, Ukraine, and Saudi Arabia have submitted bids to hold the prestigious event. Gaetano Castellini Curiel, the Deputy Coordinator of the campaign
- President Ranil Wickremesinghe submits draft of ‘Defence Review – 2030’ to the Cabinet (Category: Breaking News)
- National Disaster Management Plan – 2023-2030 to be tabled in Parliament (Category: Breaking News)
- DigiGo.lk Aims to Enable Over 1 Million SMEs to Go Digital and Drive a USD 15 Billion Digital Ec... (Category: Breaking News)
- COVID-19 complications take teen from healthy to hospitalized (Category: USA, Maryland)
Months into Russia’s invasion of Ukraine, it is becoming increasingly clear that the latter’s traumas would not end any time soon. Nor is the invader registering any notable gains from its fatal decision to annex Ukraine by armed means and might. However, it’s abundantly clear that the destabilizing economic consequences for the world from the […]
- A singular triumph for Soft Power (Category: Breaking News)
- What a world! (Category: Breaking News)
- East-West tensions heighten and take on new dimensions (Category: Breaking News)
- As ‘New Cold War’ intensifies, West woos Africa and ASEAN region (Category: Breaking News)
Sandya Ekneligoda, a human rights activist and wife of missing journalist Prageeth Ekneligoda has made it to BBC’s 100 women of 2022.The post Human rights activist Sandya Eknaligoda named among world’s 100 top influential women 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lankan activist Sandya Ekneligoda makes it to BBC 100 Women 2022 (Category: Breaking News)
- Sri Lanka: Letter To UN-CAT Over Mohan Peiris Claim (Category: Breaking News)
- Shining Light on Sri Lanka’s Dirty Secret: the Disappearance of Prageeth Eknaligoda (Category: Breaking News)
- Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch (Category: Breaking News)
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Iran is ready to fulfil the energy needs of India, said Iranian Deputy Foreign Minister Ali Bagheri who is visiting India as part of political consultations between the two countries. “Both countries enjoy different types of cooperation in the economic sphere. They are partners and complete each other — their economies are complementary. Iran enjoys […]
- Chabahar-Central Asia transit route to boost India-Iran cooperation: Raisi (Category: Breaking News)
- India hosts Iran’s deputy FM to push Eurasian link (Category: Breaking News)
- Iran and Sri Lanka agree to free prisoners and boots ties (Category: Breaking News)
- Amid rising tensions with US, China strengthening ties with Iran (Category: Breaking News)
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate anovel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka. According to this arrangement, beneficiaries in Sri Lanka
- Parliament approves appointment of Sri Lanka’s new HC to Maldives (Category: Breaking News)
- Singer secures 18th consecutive ‘People’s Brand of the Year’ Award at SLIM-KANTAR PEOPLE’S AWARD... (Category: Breaking News)
- Parliament approves appointment of new Foreign Secretary (Category: Breaking News)
- Prime Wins Gold in Land and Property Sector at TAGS Awards 2022 (Category: Breaking News)
The meet between US President Joe Biden and Chinese President Xi Jinping in the run-up to the recent Bali summit of the G20 countries has almost overwhelmingly attracted world attention and this is only to be expected, considering the importance to the world of the principal issues in US-China relations. However, of equal importance ought […]
- As ‘New Cold War’ intensifies, West woos Africa and ASEAN region (Category: Breaking News)
- EU pledges $10bn investment in Southeast Asia during ASEAN summit (Category: Breaking News)
- Sri Lanka looks to work closer with ASEAN (Category: Breaking News)
- Sri Lanka to bag yet another ASEAN MoU (Category: Business)
Sri Lanka, India and several other countries abstained from voting on a draft resolution approved by the UN General Assembly that recognised that Russia must be responsible for making reparations to Ukraine.The post Sri Lanka, India abstain on UN resolution calling on Russia to make reparations
- Vote on SL 'politically motivated'-Russia (Category: Breaking News)
- New resolution on Sri Lanka adopted at United Nations Human Rights Council with 20 votes in favour (Category: Breaking News)
- Sri Lanka supports United Nations resolution calling for humanitarian truce in Gaza (Category: Breaking News)
- Reasons for supporting US resolution – Indian representative at UNHRC (Category: Breaking News)
Sri Lanka abstained from voting on a resolution at the UN General Assembly that calls for Russia to pay war reparations to Ukraine. India, Bangladesh, Bhutan, Brazil, Egypt, Indonesia, Israel, Nepal, Pakistan, South Africa and Sri Lanka were among the countries that abstained. The UN
- Sri Lanka again abstains from voting on resolution against Russia (Category: Breaking News)
- Sri Lanka abstains from voting on resolution against Russia (Category: Breaking News)
- Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine (Category: Breaking News)
- China refuses to condemn Russia’s Ukraine invasion during G20 deadlock (Category: Breaking News)
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
- Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka (Category: Breaking News)
- Urgent measures needed to halt exodus of skilled personnel (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
We Sri Lankans seem to have a couple of character traits reposing in most persons, more particularly the Sinhalese, which seem never to die off. They are harboured across the board from the filthy rich to the disadvantaged and often exhibited in-country. One is short memories; two others are rank selfishness and dishonesty, yet another […]
- Cooperation to catch thieves; roses for pooja; breaching bonds (Category: Breaking News)
- Dog too dies in Delft killing spree (Category: Breaking News)
- Godahewa says President by his erratic behavior has become misfit to run country (Category: Breaking News)
- National Council sub-committee suggests using 87 octane petrol by trishaws and motorcycles (Category: Breaking News)
Bankrupt Sri Lanka is caught up in a China-US battle. The situation has been further complicated by India, Japan and Australia becoming part of the US-led military alliance meant to counter China. The US-led grouping is hell-bent on enhancing its influence in Colombo as both parties woo lawmakers. Recent declaration by the ruling party that […]
- Acting Canadian HC summoned over sanctions on ex-Presidents, others (Category: Breaking News)
- ‘War crimes’: Not only individuals but also entire fighting divisions ‘blacklisted’ – Foreign Mi... (Category: Breaking News)
- Westminster event declares support for Canadian action against Rajapaksa brothers (Category: Breaking News)
- Geneva challenge: Sabry needs to review ‘case’ anew (Category: Breaking News)
[…]The post Need To Restrain The Power Of Shadow Finance appeared first on Colombo Telegraph.
- End Casino Capitalism: Sri Lanka To Join The Global Minimum Tax Agreement (Category: Breaking News)
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- Debterioration Of Nations Social Security & Protection (Category: Breaking News)
. Petersburg, Russia. (Colombo Gazette)
- Eight new foreign diplomats meet President Wickremesinghe (Category: Breaking News)
- President to attend funeral of Queen Elizabeth II (Category: Breaking News)
- Flights between Jaffna and Chennai resume (Category: Breaking News)
- Ranil says India and Sri Lanka are two sides of same coin (Category: Breaking News)
The first resuming flight of Russia s largest charter airline, Azur Air has arrived at the Bandaranaike International Airport (BIA) a short while ago, according to Ada Derana correspondent.
Tamil Guardian asks: The UK policy, regarding mainly Sri Lankan Tamils held in Diego Garcia, is likely to remain unchanged. Some of those who reached Diego Garcia, home for the strategic US military base, over a year ago, have already been sent back “voluntarily” to Sri Lanka. They returned in the wake of the UK […]
- Westminster event declares support for Canadian action against Rajapaksa brothers (Category: Breaking News)
- Lanka warned of Extraterritorial jurisdiction (Category: Breaking News)
- Sri Lanka’s foreign policy dilemma (Category: Breaking News)
- UK considers imposing sanctions on Gen. Silva, others over ‘war crimes’ (Category: Breaking News)
[…]The post Indian-Israeli Involvement In Sri Lanka Is A Disaster appeared first on Colombo Telegraph.
- Remembrance Week Marking Persecution Of Sri Lankan Muslims (Category: Breaking News)
- Sri Lanka Supports US War-Mongers Against Houthis (Category: Breaking News)
- RW-Israel Honeymoon & Political Matchmaking (Category: Breaking News)
- Sri Lankan Media Miserably Failed To Cover Israeli Genocide In Gaza (Category: Breaking News)
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk intensifying global food, energy crisis – World Bank appeared first on Sri Lanka News - Latest Break...
- Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space – IMF (Category: Breaking News)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Recession risk unless oil prices fall further (Category: Business)
- World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession (Category: Breaking News)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
The 11-days that India’s External Affairs Minister (EAM) S. Jaishankar allocated for his recent visit to the United States (US) to attend the 77th session of the United Nations General Assembly (UNGA) and numerous other multilateral and bilateral events were a sign of the increasing confidence and assertiveness that India is now displaying on the […]
- Crime syndicate venturing into terrorism getting state hospitality in neighboring country: India... (Category: Breaking News)
- Number of Times China Blocked UN from Designating Pakistan-based Militants as ‘Global Terrorists’ (Category: Breaking News)
- India to deliberate on UN reforms, global counter-terrorism during December presidency of UNSC (Category: Breaking News)
- India, Pakistan foreign ministers trade heated barbs on ‘terror’ (Category: Breaking News)
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 News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Price of 92 Octane Petrol increased in Sri Lanka (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- First two Sinopec fuel shipments to arrive in Sri Lanka in August (Category: Breaking News)
- National Fuel Pass to be introduced today in Sri Lanka (Category: Breaking News)
Leader of the Pivithuru Hela Uurumaya, MP Udaya Gammanpila, yesterday said that President Ranil Wickremesinghe has given a post of Presidential Adviser on Climate Change to Eric Solheim who had been sacked by the UN for wasting funds. Addressing the media in Colombo, Gammanpila said that so-called peace envoy Solheim has re-emerged as the Presidential […]
- Invite global renewable energy organizations to Sri Lanka  Solheim (Category: Breaking News)
- NP Governor receives assurance from Erik Solheim (Category: Breaking News)
- Norway’s Sri Lanka peace process evaluation presented (Category: Breaking News)
- Global Tamil Forum met with Norwegian politicians in Oslo, Norway on 16 March 2012 (Category: Breaking News)
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Ancient Values Influence Behaviour Centuries Later (Category: Breaking News)
- The Ugly New Face Of Terrorism (Category: Breaking News)
Western countries this week ratcheted up their criticism of China, the world's largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts.The post Global finance leaders single out China as barrier to faster debt relief appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
- Yellen ‘eager’ to work with China on debt, other global challenges (Category: Breaking News)
- Janet Yellen warns United States could run out of cash by June 1 (Category: Breaking News)
- Janet Yellen warns US could run out of cash by June 1 (Category: Breaking News)
- India a trusted trading partner in ‘friendshoring’ strategy: US Treasury Secretary Janet Yellen (Category: Breaking News)
[…]The post IMF Must Become More Than Just A Debt Collector For Private Creditors appeared first on Colombo Telegraph.
- Hedge funds holding up vital debt relief for Sri Lanka (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
[…]The post How We Came To This Pass: A Quest For Scapegoats appeared first on Colombo Telegraph.
- How We Came To This Pass – The Aragalaya Challenge (Category: Breaking News)
- How We Came To This Pass – On The “Non-Rule Of Law System” (Category: Breaking News)
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
- How We Came To This Pass – Waiting On IMF (Category: Breaking News)
India is considered one of the potential superpowers of the world. This possibility has been attributed to many indicators, mainly demographic trends and a rapidly growing economy and military. India became the fastest-growing economy in the world in 2015, with estimated GDP growth of approximately 5%. There is no stopping India which is celebrating eight […]
- India’s commitment to climate change an example to the world! (Category: Breaking News)
- India makes it happen, enters the multi-billion dollar defence market (Category: Breaking News)
- India will be a developed nation by 2047, its economic growth ‘natural by-product’ of 9 years of... (Category: Breaking News)
- Myanmar Ports key to China’s Strategy of Controlling Indian Ocean (Category: Breaking News)
Sri Lanka abstained from voting on a resolution at the United Nations against Russia, which was passed with 143 votes. The UN General Assembly passed the resolution by a large majority, calling on countries not to recognise the four regions of Ukraine which Russia has claimed, following so-called
- Sri Lanka again abstains from voting on resolution against Russia (Category: Breaking News)
- Sri Lanka abstains from voting on Ukraine resolution (Category: Breaking News)
- HRC resolution on Sri Lanka presented to UNGA (Category: Breaking News)
- Sri Lanka abstains from UN vote on resolution against ASAT tests (Category: Breaking News)
At a time when Russian President Vladimir Putin is making it all too obvious that he will be depending on Hard Power or armed might to forge ahead with his plans in Ukraine, the conferring of the 2022 Nobel Peace Prize on a human rights campaigner of Belarus and on two organizations engaged in kindred […]
- Belarus, Russia, Ukraine rights activists win Nobel Peace Prize (Category: Breaking News)
- Challenge of ushering international peace (Category: Breaking News)
- UN endures, but in the shadow of big powers (Category: Breaking News)
- Proxy wars make unsettling comeback (Category: Breaking News)
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