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An efficient mechanism is required to guarantee that disclosures made at parliamentary watchdog committees on the basis of Auditor General’s reports are used to further investigate and prosecute wrongdoers. AG’s reports and observations made by watchdog committees underscore the failure on the part of the Parliament to take effective and punitive measures to curb waste, […]
[…]The post The First Step Of Aragalaya Is Completed: What Is Next? appeared first on Colombo Telegraph.
[…]The post The Financial Crisis – Mismanagement, Fear Or Collusion? appeared first on Colombo Telegraph.
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By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
[…]The post Crisis Deepens Without Rescue Plan appeared first on Colombo Telegraph.
"There is no way we can go ahead with the current public sector. The ideal size is 500,000."
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.
in its worst financial crisis in […]
"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 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 […]
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
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 […]
[…]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 […]
Prime Minister Wickremesinghe says the Government is facing an immediate challenge of securing funds to pay for the fuel requirement for this coming week. He said that due to the dollar shortages in the banks, the Government is now exploring other options of securing the necessary funding. Meanwhile, Prime Minister Ranil Wickremesinghe held discussions with […]
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 Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
[…] 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.