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India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India’s trade secretary said.The post India expects $8-$9 Billion bilateral trade with Russia, Sri Lanka in two months appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- India expects $8-$9 bn bilateral trade with Russia, Sri Lanka in two months (Category: Breaking News)
- Indo-Lanka trade booms in Delhi’s favour (Category: Breaking News)
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- India and Sri Lanka set eyes on clinching CEPA soon - Hindu (Category: Breaking News)
the implications of Russia’s aggression against Ukraine and Sri […]
- EU tells President to focus on GSP, IMF, human rights (Category: Breaking News)
- India holds talks with SLPP dissident MPs (Category: Breaking News)
- Sanath Jayasuriya discusses tourism with Indian envoy (Category: Breaking News)
- Samarasinghe briefs President Joe Biden (Category: Breaking News)
US House Speaker Nancy Pelosi’s current controversial visit to Taiwan is bound to aggravate East-West tensions, besides having the effect of further straining US-China relations. Pelosi’s visit to Taiwan, the first in more than two decades by any top US administration official to China’s breakaway province, is bound to be viewed as a blatant affront […]
- Proxy wars make unsettling comeback (Category: Breaking News)
- ‘Containment Theory’ returns to West’s ties with East (Category: Breaking News)
- China, India call for negotiated way out of Ukraine war (Category: Breaking News)
- Curtain rising on heightening ‘global disorder’ (Category: Breaking News)
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Lanka awaiting assurances from India, China, says Central Bank Governor (Category: Breaking News)
Calls for unity in a country torn apart by nationalism and monetary instability
- Selected imports to be restricted to balance payments for fuel (Category: Breaking News)
- Sri Lanka president, PM, opposition leader support proposed UN-monitored reforms: Victor Ivan (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely that we now initiate a system for such importation from our own export income […]
- Sri Lanka President Wickremesinghe parliament address – full text (Category: Breaking News)
- NMSJ concerned about arrests (Category: Breaking News)
- Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
By Kalinga Tudor Silva One of the important ways, the current economic crisis in Sri Lanka has directly impacted our lives is having to go through long and seeming unending queues, to access petrol, diesel, kerosene and even our dear passports. Queues have multiplied, sprung up on either side of the road and across the […]
- Fuel rationing suspended from Sept. 1 says Kanchana (Category: Breaking News)
- Exclusive fuel arrangements for healthcare workers to be deferred (Category: Breaking News)
- Sri Lanka to fully implement QR code system in fuel rationing from Aug. 1 (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
Taiwan’s Defence Minister Chiu Kuo-chang expressed concern that China’s People’s Liberation Army (PLA) would have the ‘complete capability’ to attack Taiwan by 2025. The Minister expressed concern while also highlighted sanctions as the means to deter aggression during a virtual seminar titled “Taiwan: is it key to the continuing world order?” organised by The Democracy […]
- Xi Jinping’s Suppression of Hong Kong Democracy Pushes Taiwan Further From China (Category: Breaking News)
- China avoids imposing harsh sanctions against Taiwan as both economies are interdependent (Category: Breaking News)
- Taiwan’s voice needs to be heard internationally: Canadian PM (Category: Breaking News)
- ‘One China’ principle and ‘One Country, Two Systems’ policy are ironical (Category: Breaking News)
The widely acclaimed globalisation of the post-Cold-War era is now running in reverse. A protracted slowdown in global trade has been reinforced by persistent pandemic-related supply chain disruptions, ongoing pressures of the US-China trade war and efforts to align cross-border economic ties with geostrategic alliances, known as “friend-shoring”. These developments raise the pressure on China, [&...
- Sri Lanka turmoil highlights risk for Chinese firms investing overseas (Category: Breaking News)
- Alibaba, HSBC, AIA pace rout in Hong Kong on Taiwan tensions as China promises ‘firm and strong’... (Category: Breaking News)
- China’s dual-use surveillance ship in Sri Lankan port underscores distrust of Beijing’s tech adv... (Category: Breaking News)
- Apple supplier Foxconn’s iPad factory in southwest China halts production for six days amid powe... (Category: Breaking News)
A long-running heatwave in China has pushed electricity usage to record levels in some areas and led to blackouts, with warnings that the high temperatures are expected to continue for at least another week. More than 300 cities were forecast to reach temperatures above 35C on Tuesday. China Southern Power Grid Company said Monday’s usage had surpassed […]
- Apple supplier Foxconn’s iPad factory in southwest China halts production for six days amid powe... (Category: Breaking News)
- PUCSL refuses to approve power cuts lasting over 2 hours (Category: Breaking News)
- Menaka and Krishni (Category: Breaking News)
- Speaker endorses Electricity (Amendment) Bill (Category: Breaking News)
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate”
- IT professionals leaving country (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- China confirms two-year debt moratorium offered to Sri Lanka (Category: Breaking News)
The head of the U.S. government aid agency called on China on Wednesday to help Sri Lanka and other nations that had borrowed heavily from Beijing with debt restructuring, not just with lines of credit and emergency loans.The post USAID chief calls on China to restructure Sri Lanka’s debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- USAID head urges crisis-hit Sri Lanka to tackle corruption (Category: Breaking News)
- Political reforms need to accompany economic reforms in Sri Lanka – Samantha Power (Category: Breaking News)
The world has just been given a grim reminder of the mind-numbing costs of legitimate political dissent against state repression in Myanmar. The country’s military rulers have had no qualms about executing four pro-democracy activists, including well known political activist Kyaw Min Yu and former legislator Pho Zayar Thaw. Besides being made to witness absolute […]
- Accusing govt. of repression, FUTA pledges solidarity with protesters (Category: Breaking News)
- CSCD takes up battle cry for elections (Category: Breaking News)
- FUTA urges govt. to stop suppressing people’s rights (Category: Breaking News)
- ‘Justice for all’ calls for broad democratic movement to protect people’s rights (Category: Breaking News)
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 […]
- Over 400 respond (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
Global un-employment set to rise
- Sri Lanka inflation hits 54.6-pct in June 2022 after money printing (Category: Breaking News)
- Sri Lanka, world suffers terribly from Fed’s accidental discovery: Bellwether (Category: Breaking News)
- Fed hikes rates 75bp as Powell Bubble pushes up food prices hurting the poor (Category: Breaking News)
- Hong Kong, GCC pegs, Vietnam hike rates after Fed as Sri Lanka eyes flexible policy (Category: Breaking News)
Reiterating its call for dialogue and diplomacy, India on Monday (local time) said that if the conflict in Ukraine is not solved through talks immediately, there will be severe repercussions in the global economy which will derail the efforts of securing food security and eradicating hunger
- India will play its due role in advancing global food security (Category: Breaking News)
- Kubota to build excavator, tractor plants in U.S., India for $2.2bn (Category: Breaking News)
- Indian economy on course to achieve 8-8.5% growth, says Finance Ministry (Category: Breaking News)
- India to help Sri Lanka stage early economic recovery (Category: Breaking News)
[…]The post Is Global Financial Crash Imminent in 2022? appeared first on Colombo Telegraph.
- Tips for business start-ups in 2022 (Category: Breaking News)
- Madame Ambassador Chung, Your Message Will Live On Forever! (Category: Breaking News)
- Prospects For Global Capitalism: 2023 & After (Category: Breaking News)
- Resolving Systemic Debt Crises Needs A Paradigm Shift (Category: Breaking News)
Bangladesh Prime Minister Sheikh Hasina has lambasted those who are making wholesale criticism that Bangladesh will face the same situation like that of Sri Lanka. They are making the comments without realising the global context under the fallout of the Covid-19 and Russia-Ukraine War, the Daily
- Bangladesh traders forced to export leather to China at low prices (Category: Breaking News)
- Special port facilities offered to Bangladeshi vessels in Colombo (Category: Breaking News)
- Galle Face protesters decide to return properties (Category: Breaking News)
- Social media activist Pathum Kerner arrested (Category: Breaking News)
[…]The post 39 Years After Black July, It Is Time For Tamil Eelam: Preparing For A Unilateral Declaration Of Independence appeared first on Colombo Telegraph.
- Genocide Of Tamils In Sri Lanka – Time For UN, UNHRC & Security Council To Take Action (Category: Breaking News)
- Eelam Tamils Struggle For Self-Determination (Category: Breaking News)
- The TGTE; Past, Present & Future (Category: Breaking News)
- Kuveni’s Curse, Black July & Ethno-Districts (Category: Breaking News)
The Asian Development Bank (ADB) says Sri Lanka’s growth is forecast to contract by 7.6% in 2022 and economic activity will remain subdued in 2023.In its latest Asian Development Outlook Supplement, the ADB said the island nation is beset with multifaceted and deepening challenges emanating from long-standing fiscal and current account deficits that have led to […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- Uncertainty over impending elections could risk Lanka’s economic recovery: ADB (Category: Breaking News)
- ADB approves $200mn to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
For the majority of the troubled economies of the global South, it will be a case of narrowing foreign policy options. For many of these countries, the IMF is ‘the banker of last resort’ and this generally means that they would need to be ‘in the good books’ of the chief financiers of the IMF; […]
- Relevance of Non-alignment or ‘dynamic neutrality’ to SL’s foreign policy (Category: Breaking News)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Lanka past worst of its crisis but behind in growth -WB (Category: Breaking News)
- Sri Lanka’s crisis and the dilemmas of small states (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president. Speaking with Nikkei Asia in Tokyo, Georgieva said the fund was “very deeply concerned about the well-being of the people in […]
- IMF Chief says Sri Lanka a warning sign to world (Category: Breaking News)
- IMF remains very hopeful on Sri Lanka (Category: Breaking News)
- IMF seeks to expand donor coordination to countries like Sri Lanka (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka "as quickly as possible," Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.The post IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ appeared first on ONLANKA News - Sri Lanka News - Latest News in Sri Lanka - Br...
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks as quickly as possible (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
By Michael Schuman Beijing has for years been chipping away at the pillars of the U.S.-led global order—subverting its foundational institutions, international norms, and liberal ideals—but Chinese President Xi Jinping had not offered a comprehensive vision of how a China-led replacement might work. That is changing. Xi has collected his ideas for a new world […]
- Xi builds campaign to change West-led world order (Category: Breaking News)
- Sri Lanka’s Past Is Prologue For China (Category: Breaking News)
- What Does China Want? (Category: Breaking News)
- China and India to send troops to Russia for joint military exercises (Category: Breaking News)
[…]The post Good Bye Ranil; “Welcome” President Dulles Alahapperuma appeared first on Colombo Telegraph.
- Abolishing The Presidency – Two Cunning Foxes Plan The Unexpected! (Category: Breaking News)
- Dammika Perera Antics – Only Oligarch In Sri Lanka! (Category: Breaking News)
- Aragalaya: People’s Response To Rajapaksa-Made Crisis (Category: Breaking News)
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
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.
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
- Special statement by Sri Lanka’s Acting President Ranil Wickremesinghe (Category: Breaking News)
- Nominations presented to elect Sri Lanka’s new President – Ranil, Anura, Dullas to contest for p... (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says the economic crisis in Sri Lanka is a warning sign to the rest of the world.Speaking to G20 Finance Ministers and Central Bank Governors in Indonesia, Georgieva said that the global economic outlook has darkened significantly, and uncertainty is exceptionally high. “Downside risks about which the […]
- Italian Stance (Category: Business)
- Improved Orders (Category: Business)
- Nature's gift (Category: Technology)
- Space race (Category: Technology)
In the midst of the unfolding crisis in Sri Lanka and its economic and political collapse, it has been forgotten that China is complicit in creating the present unrest. This fact needs to be recognized within Sri Lanka, where the people have taken it upon themselves to ‘reform’ the political system. While their mission is […]
- China a mute spectator as Sri Lanka’s political upheaval poses long-term implications for Beijing (Category: Breaking News)
- Sri Lanka turmoil highlights risk for Chinese firms investing overseas (Category: Breaking News)
- US urges Sri Lanka leaders to work “quickly” to achieve economic stability (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
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