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Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
Bangladesh is considering sending potatoes to Sri Lanka during the ongoing crisis. The assurance was given by Bangladesh Prime Minister Sheikh Hasina during a meeting with the Secretary General of the South Asian Association for Regional Cooperation (Saarc) Esala Ruwan Weerakoon. According
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China is closing in on India after establishing ports at Gwadar in Pakistan, Hambantota and Colombo in Sri Lanka and soon it will have access to the Indian Ocean from ports in Myanmar. In August 2021, China successfully trialled a cargo run from Myanmar’s Yangon Port all the way to China’s Yunnan Province. China has […]
“Everyone, please get in the field, and grow [crops],” the minister said on Sunday (29) speaking to reporters.
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Russian oil is being supplied to Sri Lanka to produce fuel at its sole refinery as the bankrupt nation faces crippling shortages of everything from gasoline to diesel. The Russian grade of Siberian Light will be processed at Ceylon Petroleum Corp.’s refinery in Sapugaskanda,chairman Sumith Wijesinghe said in a phone interview. The country’s only refinery […]
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
USAID Administrator Samantha Power has assured Prime Minister Ranil Wickremesinghe USAID support. USAID Spokesperson Rebecca Chalif said that Power held a call with Prime Minister Ranil Wickremesinghe to discuss how USAID is responding to the country’s political and economic crises. Administrator Power expressed her sympathy for those Sri Lankans who were killed or injured in the […]
By Nick Beake Billions of dollars of Chinese money are boosting some European economies – but some of the deals being struck have a catch. Critics say they are “debt traps”, where China gets to choose what happens if loans aren’t repaid. China insists it is a reliable investment partner – but it is also […]
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[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) says it is in talks with stakeholders to support a timely resolution of the crisis in Sri Lanka. IMF spokesman Gerry Rice said that the IMF remains committed to help Sri Lanka in line with the IMF policies. “There’s currently a virtual IMF staff mission
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India will be able to have reasonable relations with Russia as well as the West as it is much more powerful today than in the Cold War era, said veteran journalist and geopolitical expert Fareed Zakaria in an exclusive interview with India Today TV. Despite pressure from the West to speak out against Russia over […]
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
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[…] The post An Uncharted Global Future Commences In 2021: How & How Much Will The World Change? appeared first on Colombo Telegraph.
[…] The post An Uncharted Global Future Commences In 2021: How & How Much Will The World Change? appeared first on Colombo Telegraph.
[…] The post An Uncharted Global Future Commences In 2021: How & How Much Will The World Change? appeared first on Colombo Telegraph.
[…] The post An Uncharted Global Future Commences In 2021: How & How Much Will The World Change? appeared first on Colombo Telegraph.
In Sri Lanka to empower and enlighten Sri Lanka’s business community and budding entrepreneurs, Chair Emeritus and board member of the MIT/Stanford Venture Lab Gigi Wang will host a seminar titled ‘Success drivers of Silicon Valley – venture capital, investment and business opportunities for Sri Lanka’ tomorrow in collaboration with Infotechs Ideas. Speaking to the ...
Reuters: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due
Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...