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[…]The post Country Has Fallen Due To The Socialist Thinking appeared first on Colombo Telegraph.
The Australian government will lift emergency aid to Sri Lanka to AU$ 75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia.The post Australia kicks in extra $25 million emergency aid to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...
Sri Lanka’s economic crisis is driving millions of people into poverty, jeopardizing their rights to health, education, and an adequate standard of living, Human Rights Watch said today. Human Rights Watch said the Sri Lankan Government should work with relevant financial institutions and partners to establish a new social protection system and obtain debt relief, […]
Sri Lanka will not extend a state of emergency imposed to control anti-government protests as the situation in the impoverished nation has "stabilised", the president's office said Tuesday.The post Sri Lanka to end state of Emergency appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
” 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 […]
The United States (US) is facilitating the electrification of three-wheelers in Sri Lanka. The US Government, through its development agency, the U.S. Agency for International Development (USAID), is committed to accelerating clean energy to drive social and economic sustainable growth in Sri Lanka. Minister of Power and Energy, Kanchana Wijesekera and the U.S. Ambassador to […]
[…]The post Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 appeared first on Colombo Telegraph.
By SUSHANT SAREEN The bye-elections to 20 Punjab Assembly seats on 17 July have sent shockwaves through Pakistan’s fragile political and economic system. It would be an understatement to claim that the results were entirely unexpected. On the eve of the elections, there was virtually a consensus amongst political pundits that the ruling Pakistan Muslim […]
[…]The post Ranil’s Cabinet Trap & Aragalaya appeared first on Colombo Telegraph.
(AFP) Former Sri Lankan president Gotabaya Rajapaksa on Thursday left Singapore where he had taken refuge following his escape from protesters at home, after he was given a visa only for about a month in the city-state.Rajapaksa flew into Singapore from the Maldives on July 14 after fleeing a deepening economic crisis and widespread protests […]
Former Sri Lankan president Gotabaya Rajapaksa on Thursday (Aug 11) arrived in Bangkok after his visa ran out following a month-long stint in Singapore where he had taken refuge from protesters at home. The deposed leader landed on a private jet at Don Mueang International Airport around 8pm local time (1200 GMT), a senior Thai […]
[…]The post Looking At The Problem Of The Point Of View Of The State appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
It will be reopened upon the anticipated arrival of a crude oil shipment on August 13, he said.
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, […]
Delusion appears to be a national affliction in Sri Lanka. When confronted with stark realities, the state consistently refuses to take proactive measures to avert dire consequences. It refers to national liabilities, like the national airline, as national assets. Despite regular doses of life-saving intravenous injections in the form of hard cash by the Treasury, […]
[…]The post Protest Movement Can Rebound Unless Government Legitimacy Is Restored appeared first on Colombo Telegraph.
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published todayThe post Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published today outlining key human rights concerns. Wickremesinghe was sworn in as president on July 21, 2022, after then-President Gotabaya Rajapaksa stepped down after months of widespread protests against [&#...
by Jehan Perera The government appears to have secured political stability in the short term. So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept. It is a necessary element for international support to come in. One of the IMF’s conditions […]
By Gomi Senadhira The press release by the Central Bank on the external sector performance ,in June 2022, perhaps was the first piece of good news we had received for a long time. According to the press release, “Earnings from merchandise exports, in June 2022, increased by 23.9 percent over the corresponding month, in 2021, […]
By Shamindra Ferdinando Former Foreign Affairs Minister Prof. G.L. Peiris says that whatever the political arrangement, envisaged by President Ranil Wickremesinghe, to address the developing political-economic-social crisis, the expansion of the Cabinet-of-Ministers wouldn’t be acceptable to the public, under any circumstances. “It would be a grave mistake on the part of political parties re...
[…]The post Remember Ranil Is Revengeful & A Risk To Rights appeared first on Colombo Telegraph.
[…]The post Sri Lanka – Survive Or Perish? – An Open Letter To The President appeared first on Colombo Telegraph.
Sri Lanka's tax revenue is one of the lowest in the world in terms of GDP ratio.
Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]