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President Gotabaya Rajapaksa’s two years in office – a period of unprecedented political turmoil, uncertainty and further deterioration of Parliament – should be thoroughly examined. In fact, the UNP, with the support of the then President Maithripala Sirisena, paved the way for Gotabaya Rajapaksa’s candidature, at the 2019 presidential election, by blocking Mahinda Rajapaksa’s path […...
- Sri Lanka’s foreign policy dilemma (Category: Breaking News)
- Destabilisation project: ACBC inquiry underway (Category: Breaking News)
- Ranil reveals bid to get rid of him while GR was fleeing to Trinco on board SLNS Gajabahu (Category: Breaking News)
- Shocking claim in House: Bandula reveals how sugar importers, their henchmen trapped Prez (Category: Breaking News)
and avoid a Lanka-like forex crisis. While the […]
- Bangladesh secures loans of $4.7 billion from IMF (Category: Breaking News)
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- IMF agrees $4.5 billion Bangladesh support programme (Category: Breaking News)
- Emerging Donor (Category: Business)
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 President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lanka set to begin talks to restructure debt of $30 Billion (Category: Breaking News)
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Lanka awaiting assurances from India, China, says Central Bank Governor (Category: Breaking News)
By Anupama Rajput Sri Lankan Lawmakers voted in acting President Ranil Wickremsinghe as the new President on July 20. The six-time Prime Minister was able to garner 134 votes in the 225-member parliament, despite public anger with the ruling elite in the hope that his long experience in government could help pull the country out […]
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Over 400 respond (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- Video: CoL has increased by 400 percent - Maithri (Category: Video)
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- China confirms two-year debt moratorium offered to Sri Lanka (Category: Breaking News)
Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo's envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to help it emerge from an economic meltdown.The post Sri Lanka asks China for help with trade, investment and tourism appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Sri Lanka Latest News...
- Sri Lanka asks China for help with trade, investment and tourism (Category: Breaking News)
- China will agree to US$ 4 Billion aid for Sri Lanka ‘at some point’ – Palitha Kohona (Category: Breaking News)
- Sri Lanka eyes Chinese tourism to help ease debt crisis (Category: Breaking News)
- Sri Lankan envoy woos Chinese investment in solar, wind energy (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president. Speaking with Nikkei Asia in Tokyo, Georgieva
- IMF Chief says Sri Lanka a warning sign to world (Category: Breaking News)
- IMF remains very hopeful on Sri Lanka (Category: Breaking News)
- IMF seeks to expand donor coordination to countries like Sri Lanka (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka "as quickly as possible," Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.The post IMF hopes to complete Sri Lanka aid talks ‘
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks as quickly as possible (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
Inflation is expected to hit 70 per cent by the end of the year and experts warn SMEs will be the worst hit
- CBSL to compensate northern banks for loss of Cultivation Loans (Category: Breaking News)
- "Saubagya" Concessionary Loan scheme for Industrialists (Category: Breaking News)
- Loans for North and East cultivators for the Maha (Category: Breaking News)
- Banks have been instructed to provide relief to those affected by the increase in bank interest ... (Category: Breaking News)
"Because we have a threat of risk to the banks as well."
- Warm welcome for record-breaking 800,000th tourist arrival in 2011 (Category: Breaking News)
- Sri Lanka to host UNWTO meetings (Category: Breaking News)
- Apex Body (Category: Business)
- Carrying Capacity (Category: Business)
Sri Lanka is desperate for foreign currency earnings through tourism
- Sri Lanka MP comes with saline to cast a presidential vote (Category: Breaking News)
- Sri Lanka stock index gains over 1.6 pct in mid-day (Category: Breaking News)
- Sri Lanka imposes curfew in Colombo district from July 14-15 (Category: Breaking News)
- Sri Lanka’s new “diplomatic” PM starts foreign aid talks amid political stability concerns (Category: Breaking News)
[…]The post Sri Lanka – From A Failed To Pseudo Mafia State? appeared first on Colombo Telegraph.
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- Elitism – A Hidden Downfall Factor (Category: Breaking News)
[…]The post Mission Impossible appeared first on Colombo Telegraph.
- Need For An Agreement With The Citizens For A Stable Political Future (Category: Breaking News)
- The Galle Face Struggle & Its Importance (Category: Breaking News)
- It’s Time To Untether The Kite! (Category: Breaking News)
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
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 […]
- Perils of Chinese Investment in Sri Lanka (Category: Breaking News)
- Chinese state-owned firm to build major Sri Lanka port complex (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
The United Kingdom (UK) says it recognises the economic challenges that Sri Lanka is facing. UK Foreign Office Minister Vicky Ford said the UK is closely monitoring the economic situation in Sri Lanka, including foreign exchange data reported by Central Bank of Sri Lanka and Sri Lankan authorities. In a written response to the UK […]
- UK in talks with Paris Club on Sri Lanka issue (Category: Breaking News)
- UK calls for inclusive approach to resolve crisis in Sri Lanka (Category: Breaking News)
- Maldives Speaker to coordinate relief assistance for Sri Lanka (Category: Breaking News)
- Boris Johnson speaks to Ranil about Putin’s barbaric invasion (Category: Breaking News)
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
- Sri Lanka allocates 1.9 billion rupees a month to provide relief from high fuel prices (Category: Breaking News)
- Only essential services eligible to obtain fuel from midnight today (June 27) (Category: Breaking News)
- AG ordered to submit proper fuel distribution mechanism for essential services (Category: Breaking News)
- Metre taxis to charge Rs.2 more from 2nd km onwards (Category: Breaking News)
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
- The Aragalaya & Morality (Category: Breaking News)
- Whither Lanka? (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Unarmed but not peaceful (Category: Breaking News)
Phase 01 to go live on June 21
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
O’Neil had also explained her administration's policy regarding maritime security and human smuggling, it said.
- Sri Lanka sees more people seeking risky boat journey to Australia despite deterrents (Category: Breaking News)
- Sri Lanka cabinet to discuss 21st amendment to constitution on May 16 (Category: Breaking News)
- Sri Lankan-Australians refuse to send money to struggling friends and family (Category: Breaking News)
- Australia to work with India to provide fuel to Sri Lanka’s navy, air force (Category: Breaking News)
[…]The post Short Term Plan, Long Term Communication appeared first on Colombo Telegraph.
- The Govt.’s ‘Independents’ & The Vote On The Opposition’s NCMs (Category: Breaking News)
- The National List & The House Of Duds (Category: Breaking News)
- A Prescription For Prime Minister Ranil Wickremesinghe (Category: Breaking News)
- Justice For Bloody Monday (Category: Breaking News)
Passenger transport, goods transport hit
- Sri Lanka bunker firms cleared to import industrial fuel: Minister (Category: Breaking News)
- Sri Lanka to operate one-third of private buses from June 06 (Category: Breaking News)
- Sri Lanka bus operators want tariff hike to account for central bank actions (Category: Breaking News)
- Sri Lanka sees backlash against market pricing of expensive, polluting diesel (Category: Breaking News)
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
- Paradise Bankrupt On Golden Republic Anniversary (Category: Breaking News)
- Could A ‘National Government’ Resolve The Crisis? (Category: Breaking News)
- The Impact Of Socio-Political Culture On The Growth Momentum; An Analysis Of Government Policy (Category: Breaking News)
- The Impact Of Socio-Political Culture On The Growth Momentum; An Analysis Of Government Policy (Category: Breaking News)
[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
- Sri Lanka’s Asian Heritage (Category: Breaking News)
- Madame Ambassador Chung, Your Message Will Live On Forever! (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
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
- Finland Prime Minister ousted, conservatives win tight vote (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting over debt crisis (Category: Breaking News)
- Sri Lanka former leftist leader blames IMF for Russia’s invasion of Ukraine (Category: Breaking News)
[…]The post Today’s Crisis appeared first on Colombo Telegraph.
- What I Wish To See In The NPP (Category: Breaking News)
- Never-Ending Political Games; Country Is At Peril (Category: Breaking News)
- Evaluation Of Aragalaya (Category: Breaking News)
- An Open Letter To All Parliamentarians (Category: Breaking News)
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
- Fuel crisis - some recommendations (Category: Breaking News)
- Ailing Economy (Category: Business)
- Sri Lanka president urges ‘courage’ on National Day (Category: Breaking News)
- Sri Lanka Devalues Rupee, Plans Tax Cuts to Support Growth (Category: Breaking News)
“I invite anyone from the Aragalaya to take my place,” he said.
- Supreme Court ruled Gotabaya, Mahinda, Basil & others responsible for economic crisis in Sri Lanka (Category: Breaking News)
- Sri Lanka business magnate Dhammika Perera leaves director boards; speculation rife (Category: Breaking News)
- Strong Rajapaksa dynasty member refused to leave Sri Lanka (Category: Breaking News)
- A Janus Moment (Category: Breaking News)
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.
- Remittances from expat workers increase (Category: Breaking News)
- Expat SL workers send more money (Category: Breaking News)
- REMITTANCES BY MIGRANT WORKERS INCREASE (Category: Breaking News)
- USD 474.6 million received from expat SL workers in December (Category: Breaking News)
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