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a grave financial crisis, of which the repercussions are […]
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 on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
with private creditors, has been battling the worst financial crisis in […]
Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments.The post S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
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 […]
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.
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 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 […]
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.
[…]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.
"There is no way we can go ahead with the current public sector. The ideal size is 500,000."
Views of Milton Friedman, Robert Mundel and how John Greenwood and Alan Walters set up the Hong Kong currency board
[…]The post Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering appeared first on Colombo Telegraph.
in its worst financial crisis in […]
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis even as it refuted Sri Lankan President Gotabaya Rajapaksa’s remarks that Beijing has shifted its strategic focus from South Asia including Pakistan to South East
China is willing to play an active role in helping Sri Lanka deal with its debt burden along with other countries and international organizations, Foreign Ministry spokesperson Zhao Lijian said at a regular press conference on Wednesday. Sri Lankan President Gotabaya Rajapaksa recently said in an interview that, “China appears to be shifting its strategic focus […]
[…]The post Aragalaya: People’s Response To Rajapaksa-Made Crisis appeared first on Colombo Telegraph.
[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
Philippines has ordered the immediate repatriation of Filipinos in Sri Lanka who want to return home amid the ongoing economic crisis in the foreign country. “Get them home. We have the money,” Foreign Affairs Secretary Teodoro Locsin Jr. ordered on Sunday, May 29. Locsin was referring to Filipinos who would request for repatriation amid the […]