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New Prime Minister reveals the grim reality of the economy
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
In the next few weeks we will face the most difficult time
"I also wish to inform you that we will extend our support as a responsible opposition to correct decisions."
"Every day that passes, the future of this country is put at greater risk."
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
The United Kingdom has issued a travel advisory on Sri Lanka warning against all but essential travel to Sri Lanka. The UK Foreign, Commonwealth and Development Office (FCDO) said that it advises against all but essential travel to Sri Lanka, due to ongoing political and economic instability. This advice does not apply to airside transit […]
Lack of parliament majority could drag the new prime minister's economic recovery plans
Power cut duration has gradually increased to 5 hours after the curfew lifted partially
[…] The post Galle Face Struggle – A Short Resume Of Recent Events! appeared first on Colombo Telegraph.
Members of the public afflicted by the prevailing shortage of fuel and domestic gas have blocked the roads in several more areas, according to Ada Derana correspondents.
[…] The post Defiance & Desperation appeared first on Colombo Telegraph.
Former Prime Minister Ranil Wickremesinghe has called for a new political system. Speaking during a meeting with young professionals at Sirikotha, Wickremesinghe said that alongside a system change a new political system must also be adopted. He said that not just the question of the Executive Presidency but the entire representative system should be addressed. […]
The Government has defended the decision to impose a State of Emergency saying it was done to ensure political stability. The Government says political stability is a vital condition in overcoming the current socio-economic crisis in the country thereby assuring public safety and uninterrupted supply of essential services. The Government Information Department said that Sri […]
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
Power and Energy Minister Kanchana Wijesekera says Sri Lanka has enough petrol but the diesel stocks have been prioritised for electricity generation. Speaking in Parliament today, Wijesekera said that there is no shortage of petrol in the market. He said that more petrol had been dispatched
Calling the ongoing economic crisis in Sri Lanka “unfortunate”, Israel’s envoy to India, Sri Lanka and Bhutan Naor Gilon said that the country can use its potential in tourism and agriculture to come back to stability. “Very unfortunate. I visited Sri Lanka to present my credentials just a couple of months ago. It’s a beautiful […]
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
[…] The post The New Tamil Refugees From The North-East To Tamil Nadu: New Bonds In Troubled Times appeared first on Colombo Telegraph.
Colombo: India continues help its close neighbor Sri Lanka which is facing the worst economic crisis in its history, by lending economic support and assistance. Indian Minister of Finance Nirmala Sitharaman told The International Monetary Fund recently to help Sri Lanka by extending its rapid aid facility even though Sri Lanka is classified as middle […]
The Sri Lankan community in Sydney staged a demonstration today against President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa. The demonstrators held placards during the protest written in English and Sinhalese. The protesters demanded an end to nepotism, corruption and discrimination in Sri Lanka. Similar protests have already been staged in other parts of the […]
Three leading international firms are among firms seeking to provide financial advice to Sri Lanka to help revamp $12 billion in external debt. According to Reuters, Ayres Investment Management LLP, DecisionBoundaries LLC and Perella Weinberg LP are among firms seeking to provide financial advice to Sri Lanka’s creditors as the country heads towards a revamp […]
THE cost of living is a daily state of being, rather than a condensed number for the masses. However, the latest August data depicts dangerous signs for the Government as it heads towards elections. On Tuesday President Mahinda Rajapaksa was seen visiting the drought-hit regions ahead of his campaign trail in the three provinces that ...
Aug 29, Colombo: The Petroleum Industries Ministry of Sri Lanka assures that there would not be a fuel shortage in the country as speculated by some elements.
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
Reuters: Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, putting to one side hopes of stimulus measures aimed at lifting global growth that could boost oil use. China’s July exports rose just 1 per cent from a year earlier, undershooting ...
The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events of macro factors make ...