⬆️ Rethreading…
#SriLanka is reeling from its worst economic crisis.
It declared bankruptcy in April 2022 with more than half of its debt to foreign creditors, largest of which is #China
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
Debt-stricken Sri Lanka has signed a trade pact with Thailand in a bid to boost trade and investment as the Indian ocean island nation is struggling to recover from its worst economic crisis that hit two year ago. The Sri Lanka Thailand Free Trade Agreement covering trade in goods, investment, custom procedures and intellectual property rights was signed in the capital Colombo on Saturday in the presence of Sri Lanka President Ranil Wickremesinghe and Thai Prime Minister Srettha Thavisin. Sri Lanka began talks with Thailand on a free trade agreement in 2016. The countries’ two-way trade was worth about $352 million in 2022.
#SriLanka celebrates its 1948 independence from #British with #Thai PM #Thavisin
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
Thailand & China recently agreed to waive mutual visa requirements permanently ➡️ https://www.china-briefing.com/news/china-and-thailand-to-waive-visa-requirements-permanently-from-march
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
Debt-stricken Sri Lanka has signed a trade pact with Thailand in a bid to boost trade and investment as the Indian ocean island nation is struggling to recover from its worst economic crisis that hit two year ago. The Sri Lanka Thailand Free Trade Agreement covering trade in goods, investment, custom procedures and intellectual property rights was signed in the capital Colombo on Saturday in the presence of Sri Lanka President Ranil Wickremesinghe and Thai Prime Minister Srettha Thavisin. Sri Lanka began talks with Thailand on a free trade agreement in 2016. The countries’ two-way trade was worth about $352 million in 2022.
#SriLanka’s ruling elite is acutely sensitive to the rising social opposition to the #Wickremesinghe government, fearful that this will develop into the sort of mass uprising that last year ousted President #GotabhayaRajapakse.
Last weekend’s security operation is to ready the police, military and other sections of the state apparatus to deal with the inevitable eruption of working-class struggles against the government and its IMF austerity policies.
Sri Lanka PM says country down to last day of petrol
Sri Lanka's new Prime Minister Ranil Wickremesinghe says the country desperately needs 75 million dollars within the next few days to afford essential imports, including medicine and fuel. In a statement on Monday he warned Sri Lankans that inflation and supply shortages could get worse before they gets better. Meanwhile, many are already suffering from the country's recent economic mismanagement.
Ramesh #NotGoingBack
Nachrichten von Gestern und so
Jude Jackson
UnionWatch
stux⚡️