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Yemen’s Houthi rebels say they launched a drone attack targeting two cargo vessels in the Red Sea, the latest in a series of assaults that have disrupted maritime trade as freight companies seek to avoid the area. Houthi spokesperson Yahya Sarea on Monday identified the vessels as the MSC Clara and Norwegian-owned Swan Atlantic, and […]
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Lending In A Recession: Banks Should Do Venture Capital Financing For Startups appeared first on Colombo Telegraph.
[…]The post Ranil’s Honeymoon With The ‘Inglorious Illegitimates’ appeared first on Colombo Telegraph.
[…]The post Search For Saviors In Crisis Times appeared first on Colombo Telegraph.
[…]The post 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! appeared first on Colombo Telegraph.
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
By MEERA SRINIVASAN As Sri Lanka tries to rebuild its battered economy after last year’s devastating crisis, the country’s political scene is gradually heating up, in the run up to two national elections scheduled next year — parliamentary and presidential — that will give citizens
The main opposition has voiced concerns about the imminent transfer of the burdens arising from corruption, fraud, financial misappropriations, and flawed politics of the Rajapaksas onto the general public, effective January 1 next year. During a press conference at the Opposition Leader’s Office in Colombo on Thursday, SJB MP Mayantha Dissanayake asserted that the recently […]
Kuwait’s Emir Sheikh Nawaf al-Ahmad al-Jaber al-Sabah has died at 86. “With great sadness and sorrow, we – the Kuwaiti people, the Arab and Islamic nations, and the friendly peoples of the world – mourn the late His Highness the emir, Sheikh Nawaf Al Ahmad Al Jaber Al Sabah, who passed away to his Lord […]
… explains how Parliament enacted harmful laws By Shamindra Ferdinando Veteran lawyer Kalyananda Thiranagama said that the ruling Sri Lanka Podujana Peremuna (SLPP) should be held responsible for backing President Ranil Wickremesinghe’s economic strategy meant to privatise the remaining state enterprises. Addressing a public gathering in Colombo, the liberal civil society activist emphasised that ...
Saturday 16th December, 2023 The SLPP held its second national convention yesterday in Colombo. It spared no expense in putting on a grand show by bussing people from all parts of the country to the Sugathadasa Indoor Stadium, the way all political parties do. Speakers thundered, spewing out streams of rhetoric, and held out hope […]
Sri Lanka's economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as the country claws its way back from its worst financial crisis in more than seven decades following a record fall in foreign exchange reserves.The post Sri Lanka’s economy returns
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
By Shamindra Ferdinando Chairman of the Committee on Ways and Means Patali Champika Ranawaka on Tuesday (12) alleged that the Finance Ministry had allowed the operation of a distillery in spite of that company failing to pay taxes. The former minister said that the country lost millions for want of political will to recover what that company owed […]
By Easwaran Rutnam in Adelaide The New Zealand High Commissioner to Sri Lanka Michael Appleton is to be appointed as Senior Foreign Affairs Adviser to New Zealand’s Minister of Foreign Affairs (and Deputy Prime Minister) Winston Peters. Appleton will return to New Zealand next month after completing his term in Sri Lanka. “I arrived in […]
In a special statement to Parliament today (13), President Ranil Wickremesinghe emphasized the critical role of the government’s program, backed by assistance from the International Monetary Fund (IMF) and debt restructuring, in rebuilding the collapsed Sri Lankan economy. The President warned
U.S. Senators Ben Cardin (D-Md.) and Jim Risch (R-Idaho), Chair and Ranking Member of the Senate Foreign Relations Committee, along with Representatives Raja Krishnamoorthi (D-Ill.-08) and Bill Johnson (R-Ohio-06), have introduced a bicameral and bipartisan resolution calling for accountability in Sri Lanka. The resolution urges the Government of Sri Lanka to listen to and respect […]
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review of Sri Lanka’s nearly $3 billion bailout appeared first on ONLANKA - Sri Lanka Latest Breaking ...
By Shamindra Ferdinando One-time Foreign Secretary Kshenuka Senewiratne and Admiral Ravindra Chandrasiri Wijegunaratne (Rtd.) on Dec 04, 2023 assumed duties at the Sri Lankan High Commission in New Delhi and Islamabad, respectively. It would be pertinent to mention that Wijegunaratne previously served as the First Secretary/Defence Advisor of Sri Lanka High Commission in New Delhi […]
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million […]
[…]The post Was There A Conspiracy Behind The Easter Sunday Attacks?: A Follow-Up appeared first on Colombo Telegraph.
Two policy-based loans (PBLs) have been arranged following discussions between the Asian Development Bank (ADB) and the Sri Lankan government, the Ministry of Finance said. Accordingly, the PBLs are slated to be used for the implementation of the Financial Sector Stability and Reform Programme, in a bid to create a stable financial system that provides […]
[…]The post AKD’s Challenge: ‘Can He Outdo Ranil & Sajith?’ appeared first on Colombo Telegraph.
By Eng. Thushara Dissanayake Sri Lanka is ranked high in terms of climate change impacts facing a multitude of hazards. Impacts of climate change vary by location and severity due to the presence of different climatic zones, varying topography, and diverse land use patterns of the country. Severe wet weather events often result in floods […]
The ‘Civil Society Initiative on Anti-Corruption Reform for Economic Recovery,’ led by Transparency International Sri Lanka (TISL) and comprising Verité Research, Centre for Policy Alternatives (CPA), Sarvodaya Shramadana Movement, People’s Action for Free and Fair Elections (PAFFREL), and National Peace Council (NPC) yesterday said that there was an urgent need for political will and genuine [...
[…]The post The San Francisco Conference 1951 – Another Perspective appeared first on Colombo Telegraph.
[…]The post Should The Central Bank Act Be Amended By A Future Government? appeared first on Colombo Telegraph.
[…]The post Identity In Choice: The Problem Caste In Christianity appeared first on Colombo Telegraph.