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Analysts said the President policy statement was a sentiment booster in the market.
Sri Lanka has lost many FDIs due to political disagreement at parliament level.
Investors bought the risky assets despite high interest rates.
The National Peoples Power (NPP) led by Anura Kumara Dissanayake has refused to join the all-party Government of President Ranil Wickremesinghe. He said the President is not clear about the mandate of the all-party Government. Dissanayake said that the NPP has proposed forming an all-party Government which gives all the political parties equal rights in […]
Wickremesinghe became the president after protesters forced ex-leader Gotabaya Rajapaksa to resign
"We aren’t happy. We will fight this legally," said one of the protestors.
[…]The post Understanding The Required System Change appeared first on Colombo Telegraph.
The National People's Power (NPP) says that there is no clear schedule or fulfilment of responsibilities for the all-party government proposed by President Ranil Wickremesinghe.The post Won’t join an all-party government led by Ranil Wickremesinghe – NPP appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The Supreme Court has extended the travel ban imposed on former Prime Minister Mahinda Rajapaksa and former Finance Minister Basil Rajapaksa until August 11, as they are named as respondents in a case filed over the economic crisis.
[…]The post Accountability & Toxic Positivity appeared first on Colombo Telegraph.
[…]The post Ranil Wickremesinghe In Presidential Avatar appeared first on Colombo Telegraph.
[…]The post Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya appeared first on Colombo Telegraph.
[…]The post Voracious Readers Who Killed The Public & Its Wealth appeared first on Colombo Telegraph.
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
Calls for unity in a country torn apart by nationalism and monetary instability
Political analysts say the SJB's response to the President's open invitation has been less than warm.
We have communicated this to our membership and is willing to support the CBSL
"Even former socialist countries now encourage private enterprises," he said.
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 […]
President Ranil Wickremesinghe today repeated calls to form an all-party Government. He said that Parliament must be united and not divided to address the current crisis. The President said that some political parties have already expressed interest to join the all-party Government. The President expressed these views while making the policy speech of the new […]
A Chinese military survey ship will visit a strategic port in crisis-hit Sri Lanka later this month only to refuel, a cabinet spokesman said on Tuesday, after neighbouring India raised concerns over the vessel's journey to the Indian Ocean island.The post Sri Lanka says Chinese military survey ship will port only to refuel appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest ...
assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized
China has branded a landmark visit to Taiwan by US Speaker Nancy Pelosi as “extremely dangerous”. It accused Ms Pelosi, the most senior US politician in 25 years to visit the island China claims as its own, of “playing with fire”. “Those who play with fire will perish by it,” Beijing warned in a statement. […]
A leading human rights group has accused the new Sri Lanka Government of cracking down on dissent. The Sri Lankan Government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today. Since Ranil Wickremesinghe was sworn in as President on July […]
By Rathindra Kuruwita The Cabinet of Ministers had approved a proposal to seek the services of two international companies to identify who held the country’s International Sovereign Bonds (ISB) and to apprise them of the government’s restructuring plans, Cabinet Spokesman, Minister Bandula Gunawardane told the media on Tuesday. Gunawardena said that Sri Lanka was facing […]
The secret vote on the new President as well as the Emergency sharply divided the SLFP. In spite of talks among members of its parliamentary group, the party, led by one-time President Maithripala Sirisena, has not been able to reach a consensus on a strategy to deal with the new President. Of the 14 SLFPers, […]
by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
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 […]
Foreign Minister Ali Sabry, PC, has briefed the Colombo-based diplomatic community on what the Foreign Ministry called a broad-based, consultative approach adopted by President Ranil Wickremesinghe in addressing the current challenges. Foreign Minister Sabry has explained the ongoing discussions on forming an all-party Government. Reference was also made to progressive legislative reforms being co...