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In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood, the ANI reported.The post Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution appeared first on ONLANKA News :. Sri Lanka Breaking New...
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
Chevron had imported lubricants on credit and had been hit as the rupee collapsed
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
Sri Lanka is struggling to find dollars to import fuel
Indian billion dollar credit line also works Undiyal fashion
[…]The post Economy Should Be The Top Priority Of The New (Or More Correctly The Old) Government appeared first on Colombo Telegraph.
The Tamil Nadu government dispatched the third tranche of relief material to crisis-hit Sri Lanka. With this, the total aid from MK Stalin’s government has crossed 40,000 tonnes of relief material. Stalin had earlier moved a resolution in the Tamil Nadu Assembly to send humanitarian aid to Sri Lanka. The first tranche was sent in […]
Sri Lanka is facing “a very serious crisis” that makes India naturally worried, External Affairs Minister S. Jaishankar told an all-party meeting on Tuesday (July 19) and dismissed suggestions about such a situation arising in India.The post Serious crisis in Sri Lanka, worry about spillover – Jaishankar appeared first on ONLANKA News - Sri Lanka News - Latest News in Sri Lanka - Breaking Ne...
[…]The post 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur appeared first on Colombo Telegraph.
The Australian Government has authorised the voluntary departure of dependents of Australian High Commission staff in Colombo. The Australian Department of Foreign Affairs said that an island wide Public Emergency has been declared in Sri Lanka and curfews may be imposed at short notice. “Demonstrations are occurring throughout Colombo. Several violent incidents have taken place […]
Sri Lanka’s Acting President Ranil Wickremesinghe today (July 18) stated that the absence of a proper Easter Sunday investigation has meant that this issue has still not been fully resolved and he is requesting the assistance of the UK Government and their intelligence services.The post Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday attacks ...
Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors - the Asian Development Bank (ADB) and the World Bank - are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka’s Ambassador to China Palitha Kohona told the Global Times in an exclusive interview.The post Sri Lanka’s Ambassador to China urges ADB a...
India has surpassed China to become the top lender to Sri Lanka, as the former came to the rescue when Sri Lanka started experiencing some acute shortage of foreign currency from the beginning of the year which reached a breaking point in March causing a complete collapse of the country’s
Sri Lanka’s Acting President Ranil Wickremesinghe says that the issues which prevail in Sri Lanka with regard to hunger, are man made.The post The food crisis in Sri Lanka is man made, Acting President Ranil tells Global Forum appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the Sri Lanka crisis and explain the steps that New Delhi has been taking to ameliorate the economic hardship in the friendly nation. “The government is calling a suo motu meeting to address the concerns of several political parties, especially […]
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the crucial issue of the Sri Lanka crisis.The post Indian government calls an all-party meet on Sri Lanka crisis appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
by Kumar David Thus, we may all “Chortle in our joy” on July 13 or 20 if everything goes as promised. The first step in the Sri Lankan Colour Revolution seems to have inched forward like a golden dream but I will remain on guard till both Gotabaya (GR) and Wickremesinghe (RW) have been seen […]
[…]The post Oh Frabjous Day! Calloo Callay! appeared first on Colombo Telegraph.
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 post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
Abeyewardena made the announcement at a press conference held at his official residence Friday July 15.
Rajapaksa finally resigns after over 3 month protest
Reiterating India’s support for Sri Lanka, Indian External Affairs Minister S Jaishankar said that the situation in the island nation is very sensitive and New Delhi is focusing on ways it can help Colombo economically at this time of need. Addressing a press briefing in Kerala, Jaishankar said, “The situation in Sri Lanka is very […]
(UNICEF) As Sri Lanka descends further into its worst economic and political crisis in 70 years, it is children who are suffering the most. A foreign currency shortage has left the country struggling to import essential goods, pushing food and fuel prices sky-high. Staples like rice, lentils, milk
Statement signed by 15 Bishops calls for government to take drastic action to tackle economic crisis Lankan bishops have urged the government to provide a relief package for the poor amid the worst economic crisis since independence in 1948.The foreign exchange crisis has led to a shortage
shortage in Sri Lanka. SriLankan Airlines vehemently denied the […]
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment