Revenue loss from export crops like tea played a big part in Sri Lanka's rapid economic decline. For descendants of Tamil-bonded labourers, life is more difficult now.
Colombo's elite still have live events, performances, and nightclub parties to go to. Thanks to booming luxury establishments, life's as normal as it gets.
Sri Lanka's economic crisis has hit low-income and daily wagers the harshest. But middle class families in cities like Colombo and Kandy are also joining the streets now.
The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS