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[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa on Tuesday alleged that having failed to thwart Ranil Wickremesinghe’s ascent to presidency, the US was now working with the UNP leader to achieve its objectives. MP Weerawansa, the Chairman of the Uththara Lanka Sabhagaya said that President Wickremesinghe already consented to three of the […]
IMF chief Kristalina Georgieva did not mince her words about emerging and heightening crisis tendencies in the global economy. She said, among other things recently, that the IMF’s projection of 2.8 percent global growth for 2023 “is not enough to bring opportunities to businesses and people
• Says existing system of international debt schemes hinders vulnerable, developing economies • Urges for political will at global level to reform international financial architecture • Requests for support in debt restructuring, debt sustainability and adequate climate financing By Sanath Nanayakkare Shehan Semasinghe, State Minister of Finance speaking at the UN ECOSOC Financing for Development ...
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia
[…]The post Threats To The Hegemony Of The US Dollar appeared first on Colombo Telegraph.
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Finland’s main conservative party claimed victory in parliamentary elections Sunday in a tight three-way race that saw right-wing populists take second place, leaving Prime Minister Sanna Marin’s Social Democratic Party in third, dashing her hopes for reelection. The center-right National Coalition Party (NCP) claimed victory with all of the votes counted, coming out on […]
An open letter to President Ranil Wickremesinghe Recent articles in the local press have publicised the government plans for introduction of nuclear power plants to Sri Lanka with Russian support. A similar decision was taken way back in 2010, by the then President to bring nuclear power plants to Sri Lanka from South Korea. At […]
[…]The post Vladimir Putin, Xi Jinping & Joe Biden appeared first on Colombo Telegraph.
[…]The post Love Him Or Hate Him: Only Ranil Wickremesinghe Has The Depth Of Mind To Focus On Future Directions appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
[…]The post Conflict Resolution Might Be The Way Out? appeared first on Colombo Telegraph.
BBC reported that the International Monetary Fund (IMF) says it has reached an agreement with Ukraine on funding worth $15.6bn (£12.8bn). The organisation’s first loan to a country at war is expected to be approved in the coming weeks. It would also be one of the largest financing packages Ukraine has received since Russia’s invasion. […]
[…]The post A Dystopian Account Civilisation: Humanity Rubs Out Its Wisest & Brightest appeared first on Colombo Telegraph.
Canadian Government’s obligations to Sri Lanka consequent to Ontario’s Bill 104, viewed within concepts of “Diplomatic Protection”, “regionalism versus international law” as well as the “Vienna convention 1961” By Chandre Dharma-wardana The provincial government of Ontario passed a bill (Bill 104) implying that a genocide of Tamils occurred in Sri Lanka, and int...
problems in international security and the global economy […]
Finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countries had “desta...
The International Monetary Fund (IMF) on Saturday called for ‘timely and orderly processes’ under common framework with regards to Sri Lanka’s debt resolution. The island nation faced severe economic crisis which resulted in high debt.The post IMF calls for ‘timely and orderly processes’ of debt resolution for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
International Monetary Fund Managing Director Kristalina Georgieva has called for a timely resolution of Sri Lanka’s debt restructuring. She said that timely and orderly processes are needed both for countries under the Common Framework (CF) for debt resolution and for those not covered by it, including Sri Lanka and Suriname. Georgieva made the statement the […]
BBC reported that finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countrie...
Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy
Sri Lanka needs to get back to growing its economy. It needs a new push towards development, one that harnesses good ideas and creates wealth for all its citizens. The name of the game is wealth creation – for all. Then governments will have something to tax! But somehow, little Sri Lanka hasn’t
By Shamindra Ferdinando The Supreme Court (SC) on Feb. 10 dismissed a contempt of court application filed by the Human Rights Commission of Sri Lanka (HRCSL), delivering a shock therapy to the latter. The HRCSL filed the contempt case against the Chairman of the Ceylon Electricity Board (CEB) N.S. Illangakoon, the Secretary to the Ministry […]
Imran Khan lauds India’s foreign policy and the stand taken for the benefit of the people. “There are two kinds of people in life: those who like India and those who do not.” Former Pakistan Prime Minister Imran Khan obviously falls into the first category of people. Khan has often expressed his admiration for India’s […]
[…]The post Privatisation Of Public Assets Under Neoliberal Corporate Capitalism: Modern Evil appeared first on Colombo Telegraph.
US President Joe Biden has warned that the US will move to protect itself if China threatens its sovereignty as he used a joint address to Congress to deliver a defiant message to Beijing and defend his economic record in the White House. “I am committed to work with China where it can advance American […]
By Shamindra Ferdinando Eric Walsh presented his credentials to President Ranil Wickremesinghe, on Feb. 02, at the President’s House in Kandy. Wickremesinghe was flanked by Foreign Minister Ali Sabry, PC, and Presidential Secretary Saman Ekanayake. Canada, with the concurrence of Sri Lanka, appointed Walsh as High Commissioner of Canada to Colombo. Walsh, who had served […]