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By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
The Colombo Commercial High Court today dismissed the case filed against Russia’s Aeroflot airline. The case relates to a commercial dispute between the Plaintiff, Celestial Aviation Trading 10 Limited an Irish Company against the first Defendant the Public Joint Stock Company “Aeroflot” and the second Defendant, N. C Abeywardene/Acting Head of Air Navigation/Airport and Aviation […]
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
The Reserve Bank of India (RBI) on Monday decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/ imports in Indian Rupee (INR) in the backdrop of the domestic currency sinking to a fresh closing low of 79.4375 per Dollar (USD) due to FPI equity outflows and a strong USD. […]
[…]The post An Open Letter Requesting Kumar Sangakkara To Assume The Leadership Of Sri Lanka appeared first on Colombo Telegraph.
ECONOMYNEXT –Sri Lanka should stop money printing earlier than indicated in a statement by Prime Minister Ranil Wickremesinghe, opposition legislator Harsha de Silva said, though legislators have already given extensive powers to the agency engage in liquidity injections. “Prime Minister Ranil Wickremesinghe talked about money printing,” de Silva told parliament. “He said, the in...
[…]The post War On China? – V: A “Carnival” Of Quads appeared first on Colombo Telegraph.
President Gotabaya Rajapaksa spoke to Russian President Vladimir Putin today and sought credit to obtain fuel. The President tweeted saying he had a very productive telephone conversation with the Russian President. “Had a very productive telecon with the #Russia President, Vladimir Putin
Says economy could contract 7-pct in 2022
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
[…]The post Is Catastrophic Collapse Imminent? appeared first on Colombo Telegraph.
At least one minister said to travel to Russia
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
[…]The post Is Sri Lanka On The Brink Of Another Covid Wave? appeared first on Colombo Telegraph.
[…]The post Is Cascading Collapse Unstoppable? appeared first on Colombo Telegraph.
"There is a war in Ukraine today after the IMF intervened there."
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
"Are we trying to get out of this crisis by being caught in a western trap?" he demanded.
I have the replies from the Russian companies which were suggested by the Russian Ambassador
Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said on Thursday (Jun 16), as the island nation awaits official confirmation from the Indian government for a new US$500 million credit line for fuel. The country of 22 million people is caught in its worst financial crisis in […]
[…]The post War On China? – III: Pivot To East appeared first on Colombo Telegraph.
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying
China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis even as it refuted Sri Lankan President Gotabaya Rajapaksa’s remarks that Beijing has shifted its strategic focus from South Asia including Pakistan to South East Asia, saying the region still remained its priority. Sri Lanka has […]
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine
The Colombo Commercial High Court has issued an order for the immediate suspension of the injunction order issued against the aircraft belonging to Russia s Aeroflot Airlines, which has been detained at the Bandaranaike International Airport (BIA).
The court will decide whether or not to issue an interim injunction, the sources added.
Sri Lanka is in talks with Russia to resolve the issue over the Aeroflot passenger aircraft. The Ministry of Foreign Affairs, issuing a statement said that, on 2 June 2022, the Commercial High Court of the Western Province issued an Enjoining Order on Aeroflot flight flight SU-289, restraining
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
Foreign Ministry say the matter is being considered through diplomatic channels