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Countries already under pressure from the economic fall-out of the COVID-19 pandemic, risk seeing the same economic turmoil and human misery as Sri Lanka, the UN said. “We’re witnessing a tragic series of events that are unfolding in Sri Lanka right now that should be a warning to anyone who thinks that, you know, it […]
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 […]
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Sri Lanka is to continue to stand by the ‘one China policy’ and support to protect China’s sovereignty and territorial integrity, the Foreign Ministry said today. The Foreign Ministry said that the assurance was given when the Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, at the Ministry […]
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[…]The post Sri Lanka – From A Failed To Pseudo Mafia State? appeared first on Colombo Telegraph.
[…]The post Sri Lanka Won’t Be The Last Nation To Need Friends appeared first on Colombo Telegraph.
[…]The post Qatari Charity Exposes President’s Anti-Terrorism Hoax appeared first on Colombo Telegraph.
Sri Lankans living in Australia are refraining from sending desperately-needed funds to struggling friends and family back home, fearing money will never end up in the hands of those in need because the government will steal it. Multiple members of the Sri Lankan community contacted by NCA NewsWire have lost trust in the government to […]
A series of detailed proposals
Worst crisis in modern times
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
Dhammika Perera has been backing successive government and held posts in some while running his businesses
After June 28, 2022, aircraft will have to carry their return fuel according to the CA notice to airmen (NOTAM)
[…]The post System Change Plus Politician Change Through Elections appeared first on Colombo Telegraph.
The Bar Association of Sri Lanka (BASL) has accused the authorities of misleading the public on the fuel supply. BASL noted that the Minister of Power and Energy held a press conference on 26th June 2022 and the information revealed at this press conference made it clear that the public have been kept in the […]
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
[…]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.
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
[…]The post Crisis Deepens Without Rescue Plan appeared first on Colombo Telegraph.
Market has risen throughout the week, but in thin trade.
Indian delegation comes as Sri Lanka is highly depending on Indian credit line for its fuel and other essentials.
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim of the Government is to hold discussions […]
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
The convertible debentures will accrue interest at a rate of 3% per annum.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
[…]The post Lanka’s Quest For Stability appeared first on Colombo Telegraph.