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By HIMAL KOTELAWALA ECONOMYNEXT – If Sri Lanka allows elections to distract from the path of recovery, stabilization and growth, the country will be hit by a fresh crisis far worse than any before, former central bank governor Indrajit Coomaraswamy said. Speaking at a forum organized by Cal, a Colombo-based investment banking group, Coomaraswamy said […]
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
An appreciation: It is with profound sadness that this tribute is being written to the remarkable life and accomplishments of Douglas Pemasiri, who passed away at age 88 in Miami, Florida, in the United States on June 12th this year. He was a diplomatic officer who dedicated his life to promoting trade and commerce, representing […]
[…]The post What If Public Net Worth Is Negative, And Worse, If It Is Not Known? appeared first on Colombo Telegraph.
[…]The post The UDA Milking The Walkways appeared first on Colombo Telegraph.
[…]The post Changing Dimensions In ‘Power’; The Role Of India & China & Sri Lanka’s Predicament appeared first on Colombo Telegraph.
by Laura He China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second economy is itself the problem. Hong Kong’s Hang […]
[…]The post Target 2048 – Develop A Knowledge-Based Innovative Economy appeared first on Colombo Telegraph.
[…]The post Target 2048 – Economic Democracy Principles Should Be Followed To The Letter appeared first on Colombo Telegraph.
[…]The post Diaspora Tamils & 13A appeared first on Colombo Telegraph.
Indonesia will move forward to strengthen relations with Sri Lanka as a genuine partner, Indonesia’s Ambassador to Sri Lanka, Dewi Gustina Tobing said. The Indonesian Embassy in Colombo quoted the Ambassador as saying that the spirit of unity of the Indonesian people was the key to gaining independence on 17 August 1945. Sri Lankan students […]
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens. It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors. Evergrande defaulted on its huge debts in 2021, which sent shock-waves through global […]
[…]The post Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off appeared first on Colombo Telegraph.
[…]The post IMF Economics & 13A Politics: Recipe For Unrest appeared first on Colombo Telegraph.
The death toll from a wildfire that has turned the resort town of Lāhainā on Hawaii’s Maui island into smoldering ruins has risen to 53, says Maui County. At least three major fires broke out on Maui on Tuesday night, cutting off the western side of the island and the historic city of Lāhainā, where […]
[…]The post Amirthalingam & SWRD Unleashed The Same Venom & Earned The Same Results: Two Sides Of The Same Coin appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Axacerbation? – Part II appeared first on Colombo Telegraph.
[…]The post Eternal Impunity For Academic Fraud In Sri Lanka appeared first on Colombo Telegraph.
Despite heavy taxes and increased tax collection, the government budget deficit for the period end May 2023 has increased to Rs. 1,015 billion which is 59% increase against 2022 end May figures. (See table) Another negative feature is that due to heavy taxes and very high bank interest rates, the economy has not grown and […]
[…]The post Target 2048 – Private Sector Should Not Just Sit Aloof appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
Renowned astrophysicist and accomplished academic leader joins JHU from Cornell, where he has served as dean of the College of Arts and Sciences since 2018Ray Jayawardhana, an accomplished academic leader, renowned and widely published scientist, and award-winning author who presently serves as dean of Cornell University’s College of Arts and Sciences, has been selected as […]
ECONOMYNEXT –Australian firms are interested in investing in Sri Lanka, particularly in resource sector, but a more conducive investment environment is needed, High Commissioner Paul Stevens said. Sri Lanka is looking to foreign direct investment as a factor in taking the country out of an economic crises triggered by excessive deployment of ‘macro-economic policy’ involving […]
French President Emmanuel Macron made a historic visit to Sri Lanka on Friday (July 28), following his trip to the South Pacific Region.The post French President Emmanuel Macron pledges strong support for debt restructuring in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
France has pledged its assistance in Sri Lanka’s debt restructuring process, the President’s Media Division (PMD) said. French President Emmanuel Macron made a historic visit to Sri Lanka yesterday (28), following his trip to the South Pacific Region. This visit marked the first time a French President had visited the country. During the visit, President […]
The Sanderatne family yesterday went public on the tragic and unfortunate death of young economist Amal Sanderatne following the conclusion of his last rites.The post Sanderatne family speaks out on Amal Sanderatne’s demise appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A gathering of BIMSTEC member states in Thailand currently could not have come at a better time, considering the rising economic needs of the South and South-East Asian regions in particular and those of the global South in general. The economic pressures at present being generated by the Ukrainian conflict, for example, help highlight the […]
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
Having all the time in the world, now living on borrowed time, it dawned on me, as a mental exercise, to list some universal concepts and principles of nature based on the sciences, and other disciplines like economics and law, in short concepts, some counter intuitive, having a universal relevance
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.