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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.
Failed 2010 presidential candidate Fonseka again vie for presidency
Urges unanimous agreement for replacement
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 […]
[…]The post Madame Ambassador Chung, Your Message Will Live On Forever! appeared first on Colombo Telegraph.
(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
The European Union (EU) and the US on Sunday urged Sri Lanka s political fraternity to cooperate, focus and work quickly to achieve a peaceful, democratic and orderly transition amid the island nation s worst economic and political crisis in decades.
President Rajapaksa, Prime Minister Wickremesinghe to resign
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.
[…]The post When Will Sri Lankan Children Be Prioritized In This Crisis? 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
New Zealanders have been told to avoid non-essential travel to Sri Lanka due to the impacts of the economic crisis and the potential for civil unrest. An updated travel advisory issued by New Zealand today notes: Sri Lanka’s economic situation has deteriorated significantly in recent months. This has led to shortages of such basic necessities, […]
Sri Lanka is desperate for foreign currency earnings through tourism
[…]The post Wanted For Being Unwanted appeared first on Colombo Telegraph.
"We see a continuation of the centralisation of power around one individual in this bill."
"The present gazetted Bill represents a significant weakening of the previous limited proposals by the Minister."
“We’re ready to take it up,” said Dissanayake.
[…]The post Ranil As PM Till 2025, Opposition Disappears, No End In Sight For Queuing Trauma appeared first on Colombo Telegraph.
[…]The post Aragalaya For Creating A Classless Sri Lanka appeared first on Colombo Telegraph.
Sri Lankans are still waiting in long queues for days to buy fuel and cooking gas amid power cuts as the crisis deepens.
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
[…]The post Sri Lanka On The Cusp Of Implosion! White Vans Have Become ‘Black Marias’ appeared first on Colombo Telegraph.
[…]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.
By N Sathiya Moorthy At a time when the nation is steeped in the three C’s, of food, fuel and forex crises and not necessarily in that order, comes the UN threat of an impending ‘catastrophic hunger’ in many parts of the world, particularly Africa, whose effects would be felt for a long time, even […]