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Views of Milton Friedman, Robert Mundel and how John Greenwood and Alan Walters set up the Hong Kong currency board
[…]The post Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering appeared first on Colombo Telegraph.
Sri Lanka’s economic activity is coming to a near standstill as the island nation, facing its worst financial crisis, runs out of fuel for transport with little sign of fresh supplies arriving.The...Click on the headline to read the full story
in its worst financial crisis in […]
[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis even as it refuted Sri Lankan President Gotabaya Rajapaksa’s remarks that Beijing has shifted its strategic focus from South Asia including Pakistan to South East
China is willing to play an active role in helping Sri Lanka deal with its debt burden along with other countries and international organizations, Foreign Ministry spokesperson Zhao Lijian said at a regular press conference on Wednesday. Sri Lankan President Gotabaya Rajapaksa recently said in an interview that, “China appears to be shifting its strategic focus […]
[…]The post Aragalaya: People’s Response To Rajapaksa-Made Crisis appeared first on Colombo Telegraph.
[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
Philippines has ordered the immediate repatriation of Filipinos in Sri Lanka who want to return home amid the ongoing economic crisis in the foreign country. “Get them home. We have the money,” Foreign Affairs Secretary Teodoro Locsin Jr. ordered on Sunday, May 29. Locsin was referring to Filipinos who would request for repatriation amid the […]
[…]The post Never-Ending Political Games; Country Is At Peril appeared first on Colombo Telegraph.
The Philippines says it is ready to evacuate its nationals employed in Sri Lanka, owing to the economic crisis. Malacañang, the Philippines President’s Office, said that it has advised overseas Filipino workers (OFWs) who are seeking repatriation from Sri Lanka to get in touch with either the Philippine embassy in Dhaka or the Honorary Consulate […]
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 […]
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Cabraal has been prevented leaving the country from April 7
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
By R. R. M. Lilani Many have wondered whether former Prime Minister Mahinda Rajapaksa is on the run for collaborating with the Chinese, which has heightened geopolitical tensions in the South Asian region. He did, however, and his pro-Mahinda group’s attacks on those who tarnished his reputation as a mynah (old man) and created a […]
a “full explanation” of Sri Lanka’s financial crisis on […]
It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
Lack of parliament majority could drag the new prime minister's economic recovery plans
India has helped Sri Lanka with nearly 3.5 billion US dollars so far this year.
[…] The post Options For Interim Govt. To Overcome The Crisis 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.
The Chinese Ambassador to Sri Lanka, Qi Zhenhong today (May 02) reiterated China s fullest support for Sri Lanka in securing the assistance of the International Monetary Fund (IMF) to overcome the ongoing financial crisis.
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
[…] The post Beyond Ousting The Shamed ‘Suhartos’ 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.
Colombo (News 1st); The Cabinet of Minister approved the proposed Voluntary Retirement Scheme of Sri Lankan Airlines Ltd. The decision to implement the Voluntary Retirement Scheme was made due to the financial crisis faced by SriLankan Airlines Ltd A Three Member Committee headed by the Secretary
Colombo (News 1st); The Cabinet of Minister approved the proposed Voluntary Retirement Scheme of Sri Lankan Airlines Ltd. The decision to implement the Voluntary Retirement Scheme was made due to the financial crisis faced by SriLankan Airlines Ltd A Three Member Committee headed by the Secretary