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Sri Lanka's ousted president, Gotabaya Rajapaksa, is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said.The post Sri Lanka’s ousted president expected to go to Thailand appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lan...
Former President Gotabaya Rajapaksa is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said. Rajapaksa fled to Singapore on July 14, via the Maldives, following unprecedented unrest triggered by Sri Lanka’s worst economic crisis in […]
By Hiran H.Senewiratne The government is planning to restructure the national carrier, Sri Lankan Airlines, and privatization is one proposed option due to the current financial crisis, Sri Lankan Airlines Chief Executive Officer (CEO) Richard Nuttall said. “We are now looking
The newly appointed brand ambassador for Sri Lanka Tourism, former cricketer Sanath Jayasuriya met the Indian High Commissioner to Sri Lanka Gopal Baglay and discussed promoting tourism between both countries. The Indian High Commission said that the meeting focused on strengthening ties between the people of India and Sri Lanka and promoting tourism as an […]
by Shamindra Ferdinando Former Chairman of the Committee on Public Enterprises (COPE) Prof. Charitha Herath yesterday (07) said that though the prorogation of the Parliament led to the dissolution of the watchdog committee it shouldn’t hinder a planned inquiry to identify those responsible for the current economic chaos. Prof. Herath said that the COPE was […]
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.The post Sri Lanka considering restructure of local and sovereign debt appeared first on ONLANKA News
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
[…]The post Poor Governance: Lack Of Policies To Overcome The Crises appeared first on Colombo Telegraph.
The widely acclaimed globalisation of the post-Cold-War era is now running in reverse. A protracted slowdown in global trade has been reinforced by persistent pandemic-related supply chain disruptions, ongoing pressures of the US-China trade war and efforts to align cross-border economic ties with geostrategic alliances, known as “friend-shoring”. These developments raise the pressure on China, [&...
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate” compared with other regions, several economies will have to act quickly to […]
Bangladesh has formally requested for a USD 4.5 bn loan from Washington-based multilateral lender International Monetary Fund (IMF) to tackle the ongoing financial crisis in the country, the country’s media reported.Bangladesh has asked for the loan from the IMF in view of rapidly declining foreign
[…]The post Is Global Financial Crash Imminent in 2022? appeared first on Colombo Telegraph.
[…]The post 39 Years After Black July, It Is Time For Tamil Eelam: Preparing For A Unilateral Declaration Of Independence appeared first on Colombo Telegraph.
As the Sri Lankan political crisis continues to rage, China has not made any comments and this has made it evident that the ouster of the Rajapaksa family from power is set to have long-term implications for the Chinese, media reports said. In more than half a century for which the Rajapaksas held public offices […]
Sri Lanka's acting President Ranil Wickremesinghe has said the country's previous administration was "covering up facts" about its crippling financial crisis.The post Sri Lanka’s acting President says previous government was ‘covering up facts’ about financial crisis appeared
Sri Lanka s acting President Ranil Wickremesinghe has said the country s previous administration was Âcovering up facts about its crippling financial crisis.
By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
Introduction A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management. This model allows the government to adopt a more arms-length approach to SOEs’ operational decision-making, relieving it of the direct responsibility of overseeing all SOEs dispersed across various industries, and redirect its budget and ener...
Sri Lanka is going through unprecedented economic, political crisis after policy failures
By R. R. M. Lilani Even Lord Venkateshwara at the Tripathi Temple in Tamil Nadu, whom the Rajapaksas and Prime Minister Ranil Wickremesinghe visit for years in search of strength, power and protection, had let them down dearly. The Rajapaksas were grounded by President Gotabaya, a non-politician who only took pride in winning the Tamil […]
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.
Sri Lanka speaker says he mistakenly told BBC that the president had left the country.
[…]The post The Financial Crisis – Mismanagement, Fear Or Collusion? appeared first on Colombo Telegraph.
Sri Lanka is struggling to raise $587 million to pay for about half a dozen fuel shipments, a top minister said on Sunday as the cash-strapped country tries to cope with its worst financial crisis in...Click on the headline to read the full story
[…]The post Sri Lanka – From A Failed To Pseudo Mafia State? appeared first on Colombo Telegraph.
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.
[…]The post Preventing Crooks From Entering The Parliament appeared first on Colombo Telegraph.
"There is no way we can go ahead with the current public sector. The ideal size is 500,000."