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	<title>Sri Lanka | Moneynomical</title>
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	<title>Sri Lanka | Moneynomical</title>
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		<title>Chinese warship docks in Colombo in latest blow to India</title>
		<link>https://moneynomical.com/chinese-warship-docks-in-colombo-in-latest-blow-to-india/1880/</link>
					<comments>https://moneynomical.com/chinese-warship-docks-in-colombo-in-latest-blow-to-india/1880/#respond</comments>
		
		<dc:creator><![CDATA[Ritvik Agarwal]]></dc:creator>
		<pubDate>Fri, 11 Aug 2023 05:08:13 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Sri Lanka]]></category>
		<category><![CDATA[warship]]></category>
		<guid isPermaLink="false">https://moneynomical.com/?p=1880</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship.jpg 1200w, https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div>The Sri Lankan Navy announced that a Chinese warship has docked at the Colombo Port on a three-day formal visit to the island nation, almost a year after the visit of a controversial Chinese ship with ballistic missile and satellite tracking facilities. In a statement, the Navy said the warship, HAI YANG 24 HAO of [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship.jpg 1200w, https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2023/08/chinese-ship-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>The Sri Lankan Navy announced that a Chinese warship has docked at the Colombo Port on a three-day formal visit to the island nation, almost a year after the visit of a controversial Chinese ship with ballistic missile and satellite tracking facilities. <span style="font-weight: 400">In a statement, the Navy said the warship, HAI YANG 24 HAO of China&#8217;s People&#8217;s Liberation Army, arrived in the capital city on Thursday. The 129-metre-long ship is manned by a crew of 138 and commanded by Commander Jin Xin. It will depart on Saturday, the statement added. In August last year despite security concerns raised by India about the Chinese vessel&#8217;s presence in nearby waters, the Yuan Wang 5 had docked at the Hambantota Port following delays. </span></p>
<p><span style="font-weight: 400">At the time, Sri Lanka&#8217;s Foreign Ministry had said that the government engaged in &#8220;extensive&#8221; consultations with &#8220;all parties concerned&#8221; with a &#8220;view to resolving the matter in a spirit of friendship, mutual trust and constructive dialogue&#8221;. </span><span style="font-weight: 400">It said the ship was allowed to dock on the condition that no scientific research was conducted in Sri Lankan waters. On its part, China&#8217;s Ministry of Foreign Affairs had said that the ship would conduct scientific research &#8220;in accordance with international law&#8221;.</span></p>
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		<title>Sri Lanka holds breath as the new Prime Minister makes efforts to save the economy</title>
		<link>https://moneynomical.com/sri-lanka-holds-breath-as-the-new-prime-minister-makes-efforts-to-save-the-economy/491/</link>
					<comments>https://moneynomical.com/sri-lanka-holds-breath-as-the-new-prime-minister-makes-efforts-to-save-the-economy/491/#respond</comments>
		
		<dc:creator><![CDATA[Sehrish Fuzel]]></dc:creator>
		<pubDate>Mon, 06 Jun 2022 04:05:24 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[Sri Lanka]]></category>
		<category><![CDATA[Wickremesinghe]]></category>
		<guid isPermaLink="false">https://moneynomical.com/?p=491</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000.jpg 1200w, https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div>The PM has inherited a nation barreling toward bankruptcy and saddled with foreign debt so big that it has no money left for basic imports.]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000.jpg 1200w, https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2022/06/jpg_20220606_174951_0000-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p>The five-time prime minister has inherited a nation moving towards bankruptcy and saddled with foreign debt so big that it has no money left for basic imports. Sri Lankans are struggling to have access to the bare necessities like food, fuel, medicine, cooking gas and even toilet paper and matches.</p>
<p>&nbsp;</p>
<p>In his new job, Wickremesinghe left little doubt regarding what lies ahead. &#8220;The next couple of months will be the most difficult ones of our lives,&#8221; he said.</p>
<p>&nbsp;</p>
<p>&#8220;We must prepare ourselves to make some sacrifices and face the challenges of this period.&#8221;</p>
<p>&nbsp;</p>
<p>&#8220;A person who doesn&#8217;t have a political base has an unprecedented crisis to manage,&#8221; said Dayan Jayatilleka, a former diplomat and political analyst.</p>
<p>&nbsp;</p>
<p>Queues to buy fuel and cooking gas have stretched kilometers every day, snaking around blocks, with Sri Lankans weathering heavy rains and scorching heat to buy essential items that cost three times what they used to. Oftentimes, they have to wait days, and many still end up empty-handed.</p>
<p>&nbsp;</p>
<p>In such a difficult situation, Wickremsinghe has been able to bring some transparency and rationality that was lacking in the previous administration run by the Rajapaksa clan, said Jayatilleka.</p>
<p>&nbsp;</p>
<p>But analysts also have to say that it will not be easy for him to deliver on some of the challenges, especially as he also faces a messy battle to overhaul the constitution and strengthen the powers of Parliament to bring in much needed reforms.</p>
<p>&nbsp;</p>
<p>&#8220;His proposals are good for medium and long term. But people want iimmediate changes to take place and that they don&#8217;t see,&#8221; said political analyst, Jehan Perera, adding that some see Wickremesinghe as helping Rajapaksa to stay in power.</p>
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