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Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- 03/12/2010 14:45 INDIA – CHINA – SRI LANKA Chinese aid to Sri Lanka could lead to conflict (AsiaNe (Category: Breaking News)
- Sri Lanka: Chinese companies begin road extension work in Jaffna (Category: Breaking News)
- Rock slows Sri Lanka port project (Category: Breaking News)
- Sri Lanka pins hopes on China-funded port (Category: Breaking News)
Mr. Rajith Keerthi Tennakoon, President Director General of Community Affairs, stated that between President Ranil Wickremesinghe’s assumption of office and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments.The post Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement appeared first on ONLA...
- Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis (Category: Breaking News)
- Government settles US$ 1,909.7 million foreign debt and interest – Rajith Keerthi Thennakoon (Category: Breaking News)
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
[…]The post Brahmins Demand A Debate On Debt appeared first on Colombo Telegraph.
- Cockiness; What Price? (Category: Breaking News)
- Ballad Of A Sad Trumpet (Category: Breaking News)
- A Painted Ship In A Painted Ocean (Category: Breaking News)
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
By Neville Ladduwahetty During President Ranil Wickremesinghe’s India visit in July 2023, five Memorandums of Understanding (MOU) were signed by India and Sri Lanka to establish physical connections between the two countries. This was followed more recently by the launch of the Unified Payments Interface (UPI) – a mechanism that claims to reduce the cost […]
- ‘Is India going to steal land, water and air?’ (Category: Breaking News)
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- India to push rupee investments in Sri Lanka (Category: Breaking News)
- PM Modi’s comments: ‘Ensure dignity and respect for Tamils’ (Category: Breaking News)
[…]The post Gazan Fire Fuelled By Western Genocide Enablers With A Scrambled Moral Compass! appeared first on Colombo Telegraph.
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
- Futility Of A ‘UN Day Of Palestinian Solidarity’ – In A World Carrying Its Past Guilt! (Category: Breaking News)
- From ‘Never Again’ To ‘Here Again’ – World’s Shameful Indifference To Israeli Impunity! (Category: Breaking News)
- If It Is Not ‘Genocide’ In Gaza, Then What Should We Call It? (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe, addressing concerns about China’s increased presence in the Indian Ocean region, said the island nation would not allow anything that would jeopardize India’s security.The post Sri Lanka will not allow anything harmful to India’s security – President Ranil appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lankan president calls Aukus a ‘mistake’, rejects fears over China (Category: Breaking News)
- Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil (Category: Breaking News)
- RW: Final settlement with Tamils in a few months (Category: Breaking News)
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- IMF team gives prognosis for Lanka at conclusion of nearly two-week visit (Category: Breaking News)
- Govt. retains two foreign firms to restructure ISBs (Category: Breaking News)
In the global political landscape of 2024, Reuters provides a comprehensive overview of key elections shaping the economic and geopolitical landscape across diverse regions. From Europe, where the rise of Eurosceptic far-right parties poses challenges to the European Union’s integration, to Russia, where Vladimir Putin is set for another term amid heightened tensions with the […]
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- Inflation – Public Enemy Number One (Category: Breaking News)
- Isn’t cleansing hearts a political issue? (Category: Breaking News)
… USD 5 mn paid to Iran a month By Shamindra Ferdinando Power and Energy Minister Kanchana Wijesekera has confirmed that consumers of petrol and diesel have been made to pay Rs. 50 to Rs. 55 per litre since the middle of last year to settle what the Ceylon Petroleum Corporation (CPC) owed its creditors. […]
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
- CPC reduces price of petrol and diesel (Category: Breaking News)
- SJB questions Kanchana over suspension of fuel pricing formula, USD 3 bn debt to suppliers (Category: Breaking News)
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CB eases monetary conditions by reducing its interest rates (Category: Breaking News)
[…]The post Water Wars – In Relentless Pursuit Of Blue Gold appeared first on Colombo Telegraph.
- 20th Amendment: Current Needs For Strategic Planning (Category: Breaking News)
- President Wickremesinghe warns of climate crisis and unveils ambitious plans (Category: Breaking News)
- Climate Change: A Red Flag For Environmental Security In Sri Lanka (Category: Breaking News)
- President highlights Global North’s failure in Climate Change Financing at 10th World Water Forum (Category: Breaking News)
[…]The post Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth appeared first on Colombo Telegraph.
- Government Is A ‘Blackhole’: IMF Should Be Worried About The (225+1) (Category: Breaking News)
- Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place (Category: Breaking News)
- Lack of Common Sense Of A Time-Expired President (Category: Breaking News)
- The Geopolitical Enabling Of The Gotabaya Garrison State (Category: Breaking News)
Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the international benchmark, climbed by $2.25 a barrel to $86.83, while US prices also rose. Israel and Palestinian territories are not oil producers but the Middle Eastern region accounts for almost a third […]
- Oil tanker on fire after Houthi missile attack, firm says (Category: Breaking News)
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- Hezbollah steps back from all-out war on Israel over Gaza – for now (Category: Breaking News)
- Nikki Haley exits race but stops short of endorsing Trump (Category: Breaking News)
The G20 joint declaration in Delhi is being described as a significant diplomatic win for India. The agreement of a joint statement looked almost impossible a few days ago, given how sharply divided the group was over Russia’s invasion of Ukraine. In the end, we had a declaration that garnered unanimous support from all G20 […]
- World leaders in India for G20 summit (Category: Breaking News)
- Russia hails unexpected G20 ‘milestone’ as Ukraine fumes (Category: Breaking News)
- China refuses to condemn Russia’s Ukraine invasion during G20 deadlock (Category: Breaking News)
- Kim Jong Un ‘to visit Putin for weapons talks’ (Category: Breaking News)
World leaders have been gathering in India ahead of a G20 summit between nations that are divided on many issues, the biggest being the war in Ukraine following Russia’s invasion. On Friday evening US President Joe Biden met his host, Indian Prime Minister Narendra Modi, with the leaders pledging cooperation in a raft of areas. […]
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- Russia hails unexpected G20 ‘milestone’ as Ukraine fumes (Category: Breaking News)
- Modi US visit: Why Washington is rolling out the red carpet for Indian PM (Category: Breaking News)
- India stands with Manipur -PM Modi (Category: Breaking News)
India has been greatly sensitive to the needs of its valued neighbour, Sri Lanka, during their tough times, Indian Prime Minister Narendra Modi said. In an exclusive interview with PTI late last week, the PM said the Global Sovereign Debt Roundtable, a joint initiative of the IMF, World Bank and the G20 Presidency was launched […]
- ‘We can catalyse a fundamental mindset shift,’ says Modi as India assumes G20 presidency (Category: Breaking News)
- India best-placed to talk to the rich about poor countries’ indebtedness: Prez (Category: Breaking News)
- Modi says India greatly sensitive to Sri Lanka’s needs (Category: Breaking News)
- India should focus on global good, welfare during G20 presidency: Modi (Category: Breaking News)
Indian Prime Minister Narendra Modi stated that India has been greatly sensitive to the needs of Sri Lanka, during the tough times faced by the island nation.The post India has been greatly sensitive to the needs of Sri Lanka – Modi appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Modi says India greatly sensitive to Sri Lanka’s needs (Category: Breaking News)
- India greatly sensitive to needs of Lanka – PM Modi (Category: Breaking News)
- India has been greatly sensitive to the needs of Sri Lanka - Modi (Category: Breaking News)
- Crisis in multilateralism affecting developing nations most: PM at G20 meet (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
[…]The post Destination Delhi: Roving President’s Next Port Of Call appeared first on Colombo Telegraph.
- India Is Over The Moon, Ranil Wants Sri Lankan Children Taught Hindi & Chinese (Category: Breaking News)
- The New Kurukshetra: BJP & Opposition Alliances For The 2024 Elections (Category: Breaking News)
- Connectivity Or Captivity? (Category: Breaking News)
- A King’s Coronation & The Old Colonies (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender’s board, comes after an eight-month delay. The South Asian nation is facing its worst economic
- Pakistan’s ex-president, Pervez Musharraf dies aged 79 (Category: Breaking News)
- JP Morgan to take over First Republic bank (Category: Breaking News)
- Nearly 40 pupils killed by militants in Uganda school attack (Category: Breaking News)
- Protesters among prisoners pardoned by Iran leader (Category: Breaking News)
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Prices of cup of plain tea and milk tea reduced (Category: Breaking News)
- Sri Lanka tea industry to fully recover next year, says minister (Category: Breaking News)
- Leaf Trend (Category: Business)
- Crop Condition (Category: Business)
by Rajan Philips Last week saw a spate of summits underscoring the global economic and geopolitical headwinds that governments and countries have to cope with and navigate through. First, there was the visit to China by the US Secretary of State Antony Blinken. This was followed by a state visit to Washington by India’s Prime […]
- National Reconciliation & Archaeological Mischiefs (Category: Breaking News)
- Archaeology Department’s Director-General Professor Anura Manatunga resigns (Category: Breaking News)
- DG Archaeology resigns over discord with govt. (Category: Breaking News)
- Kurundi: A Runway To ’56? (Category: Breaking News)
The economic crisis has placed Sri Lanka among the 20 poorest countries in Asia. A report published on Insider Monkey noted that while Sri Lanka is classified as a developing country, it is currently facing an economic crisis characterized by the devaluation of its currency, increasing inflation
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
- Myanmar will be middle income nation if reforms stay on track – ADB study (Category: Business)
- Japan to write off $ 3.7 b Myanmar debt, restart loans (Category: Business)
- Lanka’s growth to contract by 7.6% in 2022 – ADB (Category: Breaking News)
[…]The post Liberal Or Edible Economics: Global Disorder Worst In A Century appeared first on Colombo Telegraph.
- Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices (Category: Breaking News)
- Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World (Category: Breaking News)
- Why Yuan Can’t Replace Dollar As The Global Currency (Category: Breaking News)
- Why Yuan Can’t Replace Dollar As The Global Currency (Category: Breaking News)
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- RW’s National Policy & National Council (Category: Breaking News)
- Politics Of Easter Investigation In A Wriggling Economy (Category: Breaking News)
- Political Buddhism & Corruption: The Unholy Twins (Category: Breaking News)
launch of a coordinated debt restructuring program for the bilateral creditors of crisis-hit Sri Lanka...
- Japanese Finance Minister Shunichi Suzuki to visit Sri Lanka (Category: Breaking News)
- Japanese Finance Minister calls for talks on Sri Lanka (Category: Breaking News)
- Japan puts preconditions to support Sri Lanka’s debt issue (Category: Breaking News)
- Japan finance minister says he discussed debt restructuring progress with Sri Lanka (Category: Breaking News)
[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Waiting For Godot: Can Some Developing Nations Unite & Transform The Planet? (Category: Breaking News)
- Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties A... (Category: Breaking News)
- Snivelling Won’t Combat Corruption; Are We Waiting For Sri Lanka’s Nelson Mandela? (Category: Breaking News)
[…]The post Sri Lanka Is Still In Deep Trouble, With Or Without Ranil appeared first on Colombo Telegraph.
- Calm Before The Storm! Aragalaya -’22 Has Rested Enough!!! (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Love Him Or Hate Him: Only Ranil Wickremesinghe Has The Depth Of Mind To Focus On Future Directi... (Category: Breaking News)
- Janatha Aragalaya: The People’s Struggle In Sri Lanka (Category: Breaking News)
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 […]
- Expect India-Russia bilateral trade to reach $50 billion, says Russian Minister (Category: Breaking News)
- Sri Lanka wants to start rupee trade with India (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
- Ambitious Digital Rupee (Category: Breaking News)
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