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India says under its ‘Neighbourhood First’ policy it has always come forward to help debt-ridden Sri Lanka, and in the latest instance New Delhi has distributed rations in Kalmunai. Taking to Twitter, the High Commission of India in Colombo said, “Support by @IndiainSL to needy sections continues!! Glimpses of ration distribution in Kalmunai.” The cash-strapped […]
The Ukraine crisis appears to be strengthening the cooperation between the US and its partners in the Asia Pacific more than ever, amid fears that China is inching closer toward forcefully reuniting Taiwan with the mainland. In the recent few months, Japan has decided to double its defense spending
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.The post Sri Lanka’s Economy suffers worst contraction in 2022 appeared first on Sri Lanka News
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
[…]The post Cockiness; What Price? appeared first on Colombo Telegraph.
Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability, said Steve Hanke, who played a key role in establishing new currency regimes in emerging markets like Argentina and Montenegro.The post Sri Lanka needs institutional changes for long-term debt sustainability, expert says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri
The weekly top-up day of The National Fuel Pass (NFP) quota will be changed to Tuesdays instead of Sundays effective from today (March 08), Power and Energy Minister Kanchana Wijesekera said today.The post National Fuel Pass Quota to be topped up every Tuesday midnight appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The International Monetary Fund (IMF) on Tuesday said Sri Lanka had secured financing assurances from all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion four-year bailout.The post IMF board poised to approve $2.9 billion Sri Lanka bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe has announced that a foundation is presently being established to advance Sri Lanka’s economy to a global level over the next five years by implementing green economic policies.The post Sri Lanka President emphasizes the need for an urgent transition to a green economy appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Half of families in Sri Lanka are forced to reduce the amount they feed their children, according to a survey by Save the Children, as the country’s economic downturn spirals further into a full-blown hunger crisis nearly a year after the government defaulted on its debt.The government
Washington, DC – There are no takers for China quoting the scriptures on global peace in the context of the Russia-Ukraine conflict, with the United States even warning the Asian giant of the consequences should it interfere in the conflict on the side of Russia. The visit of US President Joe Biden to Ukraine in […]
By Y P Prakash Sri Lanka is a nation that has been plagued by political instability in recent years. The country has faced several political and economic crises, and there are concerns that it may plunge back into turmoil in early 2023. The postponement of the local government elections scheduled for early 2023 has raised […]
Wednesday 1st March, 2023 Sri Lanka finds itself in the same predicament as a gang rape victim being forcibly kept in the custody of her rapists. Those who are responsible for stealing public funds, mismanaging the economy and bankrupting it continue to be in power. Worse, while living high on the hog at the expense […]
Hatch has joined forces with Draper Startup House to unveil Colombo’s first-ever co-living space. The space marks the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during his recent visit to Sri Lanka. Through this initiative, Hatch serves to encourage digital nomad […]
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
Sri Lanka’s tea production is expected to fully recover next year after last year’s drop, the country’s Environment Minister Naseer Ahamed said.The post Sri Lanka tea industry to fully recover next year, says minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
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 Saman Indrajith President Ranil Wickremesinghe informed the Parliament yesterday (23) that the National Election Commission (EC) had not taken any official decision on a date to hold the local council polls.Making a special statement to Parliament, the President said that the election has not been postponed. “There was no election in the first place […]
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, under duress from devastating natural disasters, a colossal […]
Sri Lanka has secured Japanese assistance to run government hospitals. The Japanese Ambassador Mizukoshi Hideaki yesterday (22) signed an Exchange of Notes, with the Secretary to the Treasury, Mahinda Siriwardana, at the Presidential Secretariat. for a humanitarian grant assistance of USD 46 million in providing diesel fuel for public hospitals, across the country, Earlier, China provided […...
A humanitarian grant of USD 46 million has been granted from Japan to Sri Lanka. Secretary to the Ministry of Finance Mahinda Siriwardena and MIZUKOSHI Hideaki, the Ambassador of Japan, signed an Exchange of Notes to secure the humanitarian grant of USD 46 million. The purpose of the grant is to provide diesel to public […]
Japan has provided a humanitarian grant of USD 46 million to provide diesel fuel to public hospitals throughout Sri Lanka.The post Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
A humanitarian grant of USD 46 million has been granted from Japan to Sri Lanka. Secretary to the Ministry of Finance Mahinda Siriwardena and MIZUKOSHI Hideaki, the Ambassador of Japan, signed an Exchange of Notes to secure the humanitarian grant of USD 46 million. The purpose of the grant is to provide diesel to public […]
Japan has provided a humanitarian grant of USD 46 million to provide diesel fuel to public hospitals throughout Sri Lanka.The post Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Ballot Or Bloodbath? appeared first on Colombo Telegraph.
The Election Commission is to file a special motion before the Supreme Court on the difficulties it is facing on holding the Local Government (LG) elections on 9th March. Adequate funds not released by the Treasury, shortage of fuel and delays in printing the ballot papers are some of the issues. The Treasury has informed […]