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Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
The Indian economy is on course to achieve projected 8-8.5 per cent growth based on high-frequency indicators for the first quarter of the FY 2022-23, the Finance Ministry said on 19 July. Earlier on 31 January, the Economic Survey tabled in the Parliament projected the real GDP during 2022-23 to grow at 8.0-8.5 per cent. […]
"I wish you every success as well as good health and prosperity," he said.
Sri Lanka’s opposition leader, who is seeking the presidency next week, vowed Friday to “listen to the people” who are struggling through the island nation’s worst economic crisis and to hold accountable the president who fled under pressure from protesters.The post Sri Lanka’s opposition leader who is seeking the presidency sees tough work ahead appeared first on ONLANKA News - Sri Lanka Ne...
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
Says economy could contract 7-pct in 2022
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
"There is a war in Ukraine today after the IMF intervened there."
"Are we trying to get out of this crisis by being caught in a western trap?" he demanded.
Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said on Thursday (Jun 16), as the island nation awaits official confirmation from the Indian government for a new US$500 million credit line for fuel. The country of 22 million people is caught in its worst financial crisis in […]
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
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 International Monetary Fund (IMF) says it is in talks with stakeholders to support a timely resolution of the crisis in Sri Lanka. IMF spokesman Gerry Rice said that the IMF remains committed to help Sri Lanka in line with the IMF policies. “There’s currently a virtual IMF staff mission
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
By S. V. Kirubaharan - in France Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies.” — Julius Henry, Groucho Marx, American comedian and film star (1890-1977). When life is smooth and everything goes in the right direction, normal civilians can become President, Prime Minister ...
IMF Head Resigns In Light Of Sexual Misconduct International Monetary Fund president, Dominique Strauss-Kahn, has been granted bail by Supreme Court Justice Michael Obus following a second bail hearing. His appeal was approved on the condition that he would remain under armed guard during a 24 hour
June 16, 2010: 11.00 am Siobhain McDonagh: (Mitcham and Morden) (Lab): I am grateful for the chance to highlight again the appalling treatment of Tamil civilians by the Sri Lankan Government....