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By N Sathiya Moorthy Possibly there is no precedent of the kind elsewhere. By underlining the importance of addressing ‘underlying governance factors and root causes’ that have ‘contributed’ to Sri Lanka’s unprecedented economic crisis, the UNHRC resolution, as Foreign Minister Ali Sabry, said was all a product of ‘geo-politics’ that has ‘polarised’ the UNHRC Council […]
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, underscoring the need for Sri Lanka to build resilience.The post Debt res...
The World Bank warned that Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic. Debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, […]
The new resolution on ‘Promoting reconciliation, accountability and human rights in Sri Lanka’ A/HRC/51/5, that was presented at the 51st regular session of the United Nations Human Rights Council has been adopted.The post New resolution on Sri Lanka adopted at United Nations Human Rights Council with 20 votes in favour appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...
The priceless legacy that is Mahatma Gandhi and his thought continues to resonate in the hearts and minds of the righteous of the world. On the occasion of the 75th anniversary of India’s political independence which falls this year, it is obligatory on the part of women and men of goodwill to not only re-visit […]
By DR L M K Tillekeratne Chairman of the National Development Committee of the ACBC It is a well-known fact that one the problems faced by Sri Lanka today is caused mainly by shortage of electricity for domestic purposes and industries. Three decades ago, only 20 % of houses had electricity for lighting. But, today […]
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
[…]The post Global Recession & Its Impact On Sri Lanka appeared first on Colombo Telegraph.
;The Ukraine war on one side and the US-China rivalry, […]
By Dr UPUL WIJAYAWARDHANA On Friday 23rd, the British Chancellor of the Exchequer was billed to present a mini-budget, but what he actually did took everyone by surprise, as it was a budget and half! It was full of tax cuts including the reduction of the basic rate of income tax from 20% to 19%, […]
Japan is prepared to “do its part” over Sri Lanka’s debt issue, but other creditors, such as China and India, should also be involved in efforts to resolve it, Finance Minister Shunichi Suzuki said Thursday.The post Japan set to do its part over Sri Lanka debt woes – Finance Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Japan has placed preconditions in order to support Sri Lanka’s debt issue. Finance Minister Shunichi Suzuki said that Japan is prepared to “do its part” over Sri Lanka’s debt issue. However, he said that other creditors, such as China and India, should also be involved in efforts to resolve it. Suzuki made the remarks after […]
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
Wickremesinghe says Sri Lanka is taking some painful reforms to come out of economic crisis
Series of crises SL has faced have dealt a heavy blow Reviving presents SL with an opportunity to address its long-running challenges by Sanath Nanayakkare Young people are not only the present but also the future; developing plans and policies without them is a futile exercise, they need to be the front and centre of […]
[…]The post HSZ Symbolizes Increasing Economic Insecurity appeared first on Colombo Telegraph.
The British pound has fallen to a record low on Monday against the dollar and other currencies as markets react to the UK government’s biggest tax cuts in 50 years.The post British Pound hits record low against the dollar after tax cut plans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
A group of Sri Lankans held captive by Russian forces in an agricultural factory in eastern Ukraine said that they were beaten and abused for months before escaping on foot as the Russians withdrew from the Kharkiv region this month.
While claiming that the international community must rise above the narrow national agenda, India said that, for its part, is taking exceptional measures at exceptional times to help its neighbours including Sri Lanka.The post India exceptional in helping neighbourhood including Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Group was captured at a checkpoint near Ukraine’s Kupiansk city and Russian troops shot one in the foot and beat them with rifle butts (Al Jazeera) A group of Sri Lankans held captive by Russian forces in an agricultural factory in eastern Ukraine has alleged torture for months before escaping
India made note of the support it has given to Sri Lanka, while addressing the UN General Assembly (UNGA). External Affairs Minister, Dr. S. Jaishankar told the UNGA at its 77th Session that India has extended credits of 3.8 billion dollars to Sri Lanka for fuel, essential commodities and trade settlement. While the global attention […]
By S. V. Kirubaharan in France The United Nations definition of ‘victims’ is as follows: “Victims” means persons who, individually or collectively, have suffered harm, including physical or mental injury, emotional suffering, economic loss or substantial impairment of their fundamental rights, through acts or omissions that are in violation of criminal laws operative within Member States, [̷...
USAID Deputy Administrator Isobel Coleman had talks with Foreign Minister Ali Sabry on enhanced assistance to Sri Lanka. Coleman called on Foreign Minister Sabry who is currently in the US to address the UN General Assembly. Both sides discussed enhanced assistance to Sri Lanka through collaborative projects in a follow-up to the visit by Administrator […]
The seven Sri Lankans in Ukraine who were allegedly captured and tortured by Russian soldiers in the Kharkiv region are not medical students, State Minister of Foreign Affairs Tharaka Balasuriya confirmed.
A Ukrainian journalist and the Kharkiv region’s police have disclosed horrific details about the seven Sri Lankans who were allegedly captured and tortured by Russian soldiers in the Kharkiv region near the Russian border where there has been intense fighting for months.The post Horrific details about 07 Sri Lankans captured by Russian soldiers revealed appeared first on Sri Lanka News - Latest Br...
from Russian captivity’ in Ukraine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
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By Easwaran Rutnam Seven Sri Lankans rescued in Ukraine have revealed how they were tortured by Russian troops. Serhii Bolvinov, head of the Investigative Department of the National Police in Kharkiv Oblast said that the seven Sri Lankans, which included a woman and 6 men, were in Kupyansk
By N Sathiya Moorthy President Ranil Wickremesinghe’s address at the first-ever graduation ceremony of the National Defence College (NDC) in capital Colombo reiterated four points. The first three have been repeated by successive governments and their leaders over the past three decades in particular. Initiated under the predecessor government of President Gotabaya Rajapaksa in the […]