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By Soutik Biswas During a trip to India many years back, a leading US-based specialist on South Asia had a conversation with a local analyst which he says still resonates with him. “If Pakistan fails, we need to make sure it doesn’t take us down with it,” the expert told Michael Kugelman, director of the […]
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar, has told the Indian Express. The IE story, filed from Ahmedabad, said: The Modi government, he [Jaishankar] underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and […]
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar said. The Modi Government, he underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and nations in South-East Asia. “What we are also trying to do […]
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr. S. Jaishankar stressed on Saturday.The post India did more for Sri Lanka than IMF – Jaishankar appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price […...
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
Cordelia Cruises is all set for its first international voyage to Sri Lanka in early June, and the new route is likely to boost the Indian cruise traffic by 25-30 per cent, according to a top official. The cruise liner, currently operating for domestic destinations, has witnessed a revival in the post-COVID era. The occupancy […]
Vietnam wants to develop its bilateral relations with Sri Lanka more effectively, Vietnam’s Deputy Prime Minister Tran Luu Quang said. Tran Luu Quang met with President Ranil Wickremesinghe in Tokyo. Talking to the Sri Lankan leader, Deputy PM Tran Luu Quang, who is paying a working visit to Japan, affirmed that Vietnam consistently attaches importance […]
Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.The post Sri Lanka needs to boost entrepreneurship to overcome ongoing crisis – Central Bank Governor appeared first on ONLANKA News - Sri Lanka News Service to g...
By Harischandra Gunaratna Chairman of the Institute of Hospitality, Dr. Harsha Jayasinghe on Tuesday said the brain drain in the country had not only led to a serious loss of talent but also hampered the industry’s ability to provide high-quality services and meet the demands of national and international visitors. Speaking at the 31st AGM […]
[…]The post Mythological “Jeromism” & Misleading Religious Formula appeared first on Colombo Telegraph.
Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or November at the latest, its president said on Thursday, adding that the negotiations had made "remarkable" progress.The post Sri Lanka could wrap up debt restructure talks by Sept, president says appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka Ne...
NEW DELHI: A UAE free economic zone invited Indian companies on Thursday to expand operations into the region, as the Gulf state tries to attract investors from South Asia’s largest economy with new opportunities. Economic ties between India and the UAE received a major boost
Japanese Prime Minister Fumio Kishida will meet Sri Lanka's president on Thursday as the South Asian nation looks to bolster efforts to restructure its debt and repair an economy deeply scarred by a severe financial crisis.The post Japan Prime Minister Kishida meets Sri Lanka president on debt
[…]The post Anniversary Angst appeared first on Colombo Telegraph.
Prices for nonferrous metals like copper and zinc have slumped this month despite predictions of shortages just a few weeks ago, on concerns that the shortfalls could turn into surpluses if Chinese demand recovers more slowly than expected. Three-month zinc futures on the London Metals Exchange, an international benchmark, fell to $2,483 per tonne at one point […]
The economic crisis has placed Sri Lanka among the 20 poorest countries in Asia. A report published on Insider Monkey noted that while Sri Lanka is classified as a developing country, it is currently facing an economic crisis characterized by the devaluation of its currency, increasing inflation, and a humanitarian emergency caused by a severe […]
[…]The post Dream Team For National Reconciliation appeared first on Colombo Telegraph.
By Jehan Perera Canadian Prime Minister Justin Trudeau’s remarks on May 18 that “Canada will not stop advocating for the rights of the victims and survivors of this conflict, as well as for all in Sri Lanka who continue to face hardship,” in the context of the recognition of May 18 as “Tamil Genocide Remembrance […]
Sri Lanka is mulling measures to lure back Chinese tourists in a bid to alleviate an unprecedented debt crisis, its tourism minister said, as the South Asian nation tries to stabilize the economy.The post Sri Lanka eyes Chinese tourism to help ease debt crisis appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
Sri Lanka’s National Consumer Price Index (NCPI) inflation eased to 33.6% year-on-year in April, after a 49.2% rise in March, the statistics department said on Monday.The post Sri Lanka’s consumer inflation dips to 33.6% in April appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
By Hema Senanayake hemasenanayake@yahoo.com IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]
[…]The post Aragalaya, Political Buddhism & Ranilocracy appeared first on Colombo Telegraph.
[…]The post Liberal Or Edible Economics: Global Disorder Worst In A Century appeared first on Colombo Telegraph.
The G7 nations have called for the development and adoption of international technical standards for trustworthy artificial intelligence (AI) as politicians of the rich countries focus on the new technology. While the G7 leaders, meeting in Hiroshima, Japan, recognised that the approaches to achieving “the common vision and goal of trustworthy AI may vary”, they […]
External Affairs Minister S Jaishankar met Belgian Prime Minister Alexander De Croo on Monday, along with Commerce and Industry Minister Piyush Goyal and Union Minister of State for Entrepreneurship, Skill Development, Electronics and Technology Rajeev Chandrasekhar, to discuss expanding bilateral cooperation, including in trade and technology. “Delighted to call on PM of Belgium @alexanderdecroo ...
[…]The post Two Challenges: Economic Recovery, Political Devolution – V appeared first on Colombo Telegraph.
The Originating Claim pertaining to the Claims Action on merits of the X-Press Pearl Incident was filed in the General Division of the High Court of SingaporeThe post Sri Lanka files lawsuit against owners of X-Press Pearl appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
President Ranil Wickremesinghe, during a meeting with Ministry Secretaries and Provincial Chief Secretaries, expressed confidence that the proper implementation of the government’s policy program would lead to economic prosperity surpassing the goals set by the International Monetary Fund. He stressed the need for collective effort to address the concerns raised by the youth regarding the […...