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[…]The post Country Has Fallen Due To The Socialist Thinking appeared first on Colombo Telegraph.
The Australian government will lift emergency aid to Sri Lanka to AU$ 75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia.The post Australia kicks in extra $25 million emergency aid to Sri Lanka appeared
“Estimates should be taken and a court case should be filed, to find the people responsible."
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
Wijesekera said the complaint also requests the CID to look into distribution irregularities.
Stocks fell in the last two sessions on profit taking
The grant was given in response to a request by Sri Lanka’s government.
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks
Sri Lanka’s economic crisis is driving millions of people into poverty, jeopardizing their rights to health, education, and an adequate standard of living, Human Rights Watch said today. Human Rights Watch said the Sri Lankan Government should work with relevant financial institutions and partners
Market down for 2nd time in 14 straight sessions
By Hiran H.Senewiratne ‘Sri Lanka is located at the heart of a vital global shipping line and more than 45000 ships and an equal number of aircraft navigate this route via Sri Lanka’s Dondra head annually. However, not a single ship nor aircraft is enabled to make a stop-over at Dondra for bunkering, re-fueling and […]
Market has been on the rise due political stability hope after months of protests
The manufacturing PMI declined to 41.4 from 44.1
The Central Bank of Sri Lanka has informed the Ministry of Finance to further restrict the import of non-essential goods as the foreign exchange crisis may worsen in the near future. The Central Bank has informed that the import restrictions must be enforced immediately as the impact
The Information and Communication Technology Agency of Sri Lanka (ICTA) says that a new mobile application will be introduced to obtain information on filling stations with fuel stocks.The post Mobile application to be introduced to obtain information on fuel reserves and upcoming fuel stocks appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014
President Rajapaksa fled the country after mass-protest triggered by forex shortages from money printing
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
These new rates, proposed by the CEB, have been approved by the PUCSL, will be effective next month, he said.
It will be reopened upon the anticipated arrival of a crude oil shipment on August 13, he said.
The decision was made “despite several objections raised against the proposed scheme,” the PUCSL said.
Bangladesh has warned developing countries not to become like Sri Lanka by taking loans from China. Bangladesh’s Finance Minister AHM Mustafa Kamal has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global (BRI) inflation and slowing growth add to the strains on indebted emerging markets, […]
“Human Rights Watch is extremely concerned by the draconian and abusive state of emergency currently in effect."
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published todayThe post Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published today outlining key human rights concerns. Wickremesinghe was sworn in as president on July 21, 2022, after then-President Gotabaya Rajapaksa stepped down after months of widespread protests against [&#...
By Gomi Senadhira The press release by the Central Bank on the external sector performance ,in June 2022, perhaps was the first piece of good news we had received for a long time. According to the press release, “Earnings from merchandise exports, in June 2022, increased by 23.9 percent over the corresponding month, in 2021, […]
and avoid a Lanka-like forex crisis. While the […]
The National movement for Social Justice (NMSJ) said that it is gravely concerned about a number of actions taken by the Ranil Wickremesinghe administration in recent days.NMSJ chairman, former Speaker, Karu Jayasuriya said that it is their belief that the arrests of Joseph Stalin, the General Secretary of the Ceylon Teachers’ Union, Palitha Atampola and […]
Rupee depreciation, dues from government-owned institutes and overpaid overstaff are prominent reasons for the loses
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