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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
[…]The post Unelected & Unconstitutional MP Becoming The President? appeared first on Colombo Telegraph.
Some confidence returns to the market after President Gotabaya Rajapaksa resigned.
Sri Lanka’s Acting President Ranil Wickremesinghe today (July 18) stated that the absence of a proper Easter Sunday investigation has meant that this issue has still not been fully resolved and he is requesting the assistance of the UK Government and their intelligence services.The post Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday attacks ...
Acting President Ranil Wickremesinghe has warned of elements attempting to disrupt the peace. Issuing a special statement, Wickremesinghe said that these elements would be prohibited from disrupting the country’s progress. Wickremesinghe further stated that the peaceful protesters who had legitimate concerns would be engaged with by the Government and solutions would be found for them. […]
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the crucial issue of the Sri Lanka crisis.The post Indian government calls an all-party meet on Sri Lanka crisis appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
Sri Lanka is going through unprecedented economic, political crisis after policy failures
Market has been on the decline due to rising interest rates, political crisis
[…]The post Political Hawks Can Hijack The Post-Aragala Agenda! appeared first on Colombo Telegraph.
UN Secretary General António Guterres today called for dialogue to “ensure a smooth transition of Government and solutions to the country’s deep economic crisis. President Gotabaya Rajapaksa has yet to comment publicly on the occupation of his residence, along with that of Prime Minister Ranil Wickremesinghe, but the Prime Minister’s office reportedly said it had […]
(UNICEF) As Sri Lanka descends further into its worst economic and political crisis in 70 years, it is children who are suffering the most. A foreign currency shortage has left the country struggling to import essential goods, pushing food and fuel prices sky-high. Staples like rice, lentils, milk
Market expects stocks to fall due to rate hike.
[…]The post Jeered & Sent Home: Ominous Sign Of An Impending Peril appeared first on Colombo Telegraph.
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment
Some analysts said the market was expecting a 300 basis point rate hike on Thursday
Sri Lanka is desperate for foreign currency earnings through tourism
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
[…]The post Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering appeared first on Colombo Telegraph.
Unlike in the past, Japan has been very slow in responding to Sri Lanka calls to help it financially, analysts say.
The US’ influential Senate Foreign Relations Committee has urged the Quad nations to take a “more proactive role” in addressing Sri Lanka’s political and economic crisis, while praising India’s role in providing humanitarian assistance to the government in the island nation to avoid a meltdown. Quad nations comprises the US, India, Australia and Japan. In […]
Tourist arrivals to Sri Lanka have fallen amid economic crisis and protest-led political crisis since March.
[…]The post Depart From The Comfort Zone! appeared first on Colombo Telegraph.
[…]The post Deepening Crisis & Political Muddling appeared first on Colombo Telegraph.
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
Normal and expected levels in the Port of Colombo, despite the economic and political crisis
[…]The post Need For Changing The Awful Old System appeared first on Colombo Telegraph.
In our expectations the economy will contract at the highest rate than in any other year in history