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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 first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
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 - ...
ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...
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 to establish a new social protection system and obtain debt relief, […]
Sri Lanka will not extend a state of emergency imposed to control anti-government protests as the situation in the impoverished nation has "stabilised", the president's office said Tuesday.The post Sri Lanka to end state of Emergency appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
[…]The post Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
“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 Shamindra Ferdinando Former Foreign Affairs Minister Prof. G.L. Peiris says that whatever the political arrangement, envisaged by President Ranil Wickremesinghe, to address the developing political-economic-social crisis, the expansion of the Cabinet-of-Ministers wouldn’t be acceptable to the public, under any circumstances. “It would be a grave mistake on the part of political parties re...
[…]The post Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean appeared first on Colombo Telegraph.
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 Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka's tax revenue is one of the lowest in the world in terms of GDP ratio.
Will there be yet another diplomatic flashpoint between India and Sri Lanka over the scheduled arrival Wang 5 spy vessel at the Southern Hambantota Port close to mid-August? The spy vessel has put India in a strategic dilemma and wants Sri Lanka to refuse entry to the Sri Lankan territorial waters owing to security concerns. […]
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
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
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
Calls for unity in a country torn apart by nationalism and monetary instability
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely that we now initiate a system for such importation from our own export income […]
assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized
A leading human rights group has accused the new Sri Lanka Government of cracking down on dissent. The Sri Lankan Government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today. Since Ranil Wickremesinghe was sworn in as President on July […]
Reserves depleted for debt repayment, imports and some capital flight
Sri Lanka's new president Ranil Wickremesinghe said on Sunday it was not the right time for former president Gotabaya Rajapaksa to return to the country as it could inflame political tensions, the Wall Street Journal reported.The post Sri Lanka President says it’s not right time for Rajapaksa to return after fleeing country, WSJ reports appeared first on ONLANKA News :. Sri Lanka Breaking Ne...
President Ranil Wickremesinghe says it was not the right time for former President Gotabaya Rajapaksa to return to the country as it could inflame political tensions, the Wall Street Journal reported. “I don’t believe it’s the time for him to return,” Wickremesinghe said in an interview with the Journal. “I have no indication of him […]
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after the new government took office, according to a report by Reuters.Discussions with the multilateral lender started in April under former President Gotabaya Rajapaksa. The Sri Lankan
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.The post Sri Lanka president seeks unity government to save economy appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake