Russia – Ukraine war -Putin deported 10 diplomats in three countries
Russia has expelled 10 diplomats from Estonia, Latvia and Lithuania. Putin has said that these so-called Baltic states no longer need to have relations with Russia. statement from the Russian Foreign Ministry said that all 10 Baltic diplomats had been deported. These countries, bordering the Baltic Sea in northern Europe, are said to have caused Russia not to support Ukraine in the offensive. Russia, the world’s second-largest power, has been launching military operations in Ukraine since the early hours of February 24. Within a month, many cities in the country were reduced to rubble.
Sri Lanka’s stock market plummeted
The Colombo Stock Exchange All Share Price Index fell by 494.74 points, or 4.88%, to 9,647.55 points at the close of trading yesterday (29). Accordingly, this is the first time since October 25 last year that the All Share Price Index has fallen below the 10,000 unit mark. Meanwhile, the S “P Sri Lanka 20 Index fell 167.12 points to 3,338.03 at the close of trading. In particular, the S “P Sri Lanka 20 Index fell 05% from the previous day, with a 30-minute suspension from 1.10 pm to 1.40 pm yesterday. The total turnover of the Colombo Stock Exchange yesterday was 2.70 billion rupees. The total market capitalization was Rs. 4,166.02 billion. At the end of last week (25th) it was Rs. 4,552.70 billion. Accordingly, the Colombo Stock Exchange has lost Rs. 386.67 billion in the last two days (28 and 29) alone.
Current Economic Crisis in Sri Lanka – Sri Lanka has requested another US $ 250 million in exchange from Bangladesh.
Sri Lanka has requested another US $ 250 million in exchange from Bangladesh. The Government of Sri Lanka has made this request to the Foreign Minister of Bangladesh who is in Sri Lanka to attend the BIMSTEC Summit. Sri Lanka has already received a $ 200 million transfer from Bangladesh.
SriLankan Airlines suspends flights to Russia
SriLankan Airlines Russian tours that were suspended due to an insurance coverage issue is set to resume flights between Sri Lanka and Russia soon, Tourism Minister Prasanna Ranatunga said. The Minister also said that discussions are underway to implement an alternative insurance scheme for this purpose. SriLankan Airlines direct flights from Colombo to Moscow has been suspended since 28 this month. This was due to the decision taken by the British airline which has insured the aircraft of SriLankan Airlines to cancel the SriLankan aircraft insurance flying to Russia. The Minister emphasized that this was not a decision taken by the Government of Sri Lanka and that the airline had to face a situation due to an incident out of the control of Sri Lankan Airlines. He completely denayed the media and social media reports saying that the suspension of direct flights between Russia and Sri Lanka was due to pressure from the government and was a decision taken against Russia. SriLankan Airlines launched direct flights between Sri Lanka and Russia on July 31 last year. Accordingly, two flights a week were operated between Colombo and Moscow.
Current Economic Crisis in Sri Lanka -Inflation is 55% .. Sri Lanka is sixth in the world
According to the latest inflation chart by Steve Hanky, a professor of applied economics at Johns Hopkins University, Sri Lanka has risen to sixth place. According to Steve Hanky’s inflation, inflation in Sri Lanka has risen to a record 55% from 14.2%. According to Prof. Steve, the implementation of a Monetary Board in Sri Lanka from 1884 to 1950 would provide an ideal solution to the high inflation in Sri Lanka. What is special is that Sri Lanka has not been included in Prof. Hanky’s inflation table before and this time Sri Lanka has risen to the sixth position in that inflation table.
A no-confidence motion against Prime Minister Imran Khan
Opposition parties in Pakistan have filed a no-confidence motion against Prime Minister Imran Khan. The no-confidence motion, which alleges that Pakistan has plunged the country into a serious crisis due to poor management of its economy, is due to be debated next Thursday and will be put to a vote within seven days. The country’s opposition leader presented a no-confidence motion in parliament yesterday afternoon, saying confidence in parliament had been shattered. Opposition leader Shehbaz Sharif presented a no-confidence motion in parliament yesterday afternoon, saying “confidence in the prime minister has plummeted”. Pakistan’s opposition coalition says 342 out of 176 seats in parliament could be won in favor of a resolution to defeat Imran Khan’s government. Pakistan’s opposition coalition says 342 out of 176 seats in parliament could be won in favor of a resolution to defeat Imran Khan’s government. He accused the current prime minister of destroying the Pakistani economy.
India and Sri Lanka have signed six Memoranda of Understanding
India and Sri Lanka have signed six Memoranda of Understanding The Indian High Commission stated that the relevant agreements were signed at the Ministry of External Affairs yesterday. Accordingly, the implementation of a digital reciprocity program, the Establishment of a Maritime Rescue Coordinating Center, Memorandums of Understanding have been signed on the implementation of hybrid power plant projects on three islands outside Jaffna. The Ministry of External Affairs stated that the development of fishing harbors in Sri Lanka, Agreements have also been signed to set up computer labs in 200 schools in the Galle District. In addition, Sushma Swaraj has signed a Memorandum of Understanding between the Foreign Service Institute and the Bandaranaike International Diplomatic Training Institute.
“Diesel landing delay: Avoid being in diesel queues today and, tomorrow, Petrol will distribute as usual” – Petroleum Corporation
A ship carrying 37,500 tons of diesel has not been able to land as planned. Due to this, the Ceylon Petroleum Corporation warns the public not to wait in line at petrol stations for diesel today(30) and tomorrow (31). However, the Ceylon Petroleum Corporation stated that it will continue to supply diesel for essential services. The distribution of petrol will be carried out as usual without any shortage The chairman of the Petroleum Corporation said.
US Under Secretary of State for Political Affairs visits the Port of Colombo
A special US delegation led by US Under Secretary of State for Political Affairs Mrs. Victoria Nuland recently made a special visit at the Port of Colombo (POC). US Ambassador Her Excellency Juli J. Chung also included in the delegation. The delegation inspected the ongoing port development projects at the Port of Colombo from the SLPA Control Tower.
BIMSTEC Foreign Ministerial Conference is today
The Foreign Ministers’ Conference of BIMSTEC member countries will be held today (29). It was at the Bandaranaike International Conference Hall. Delegates from 7 countries including India, Bangladesh, Bhutan, Myanmar, Thailand and Nepal are participating in the 5th BIMSTEC Summit hosted by Sri Lanka.