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At a time when enhancing profitability of public enterprises is an urgent need to boost the national economy of Sri Lanka, the revival and turnaround of Gal Oya Plantations (formerly known as Hingurana Sugar factory) by LOLC is an embodiment of how the nation’s assets can be enhanced
- LOLC’s commitment to renewable energy recognised (Category: Business)
- India sends off fifth railbus from Gal Oya to Trincomalee in Eastern Province of Sri Lanka (Category: Breaking News)
- Reducing Trade Deficit (Category: Breaking News)
- Treasury Bill rate hikes notably as investors switch to govt. securities (Category: Breaking News)
[…]The post Unmasking The Likes Of Cabraals; A National Imperative! appeared first on Colombo Telegraph.
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- With Impunity Remaining Normalised, What Hope For Sri Lanka? (Category: Breaking News)
- Lack of Common Sense Of A Time-Expired President (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
Chinese Ambassador Qi-Zhenhong has assured their continuous support on the debt treatment and stabilising the economy of Sri Lanka, State Finance Minister Shehan Semasinghe said.The post China assures support on Sri Lanka’s debt treatment – State Minister Shehan appeared first on Sri
- No move to restructure domestic debt – State Minister (Category: Breaking News)
- China to support Sri Lanka s debt restructuring plan - State Minister of Finance (Category: Breaking News)
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
- Sri Lanka Close to IMF Agreement, Is Weighing Bondholder Terms, Semasinghe Says (Category: Breaking News)
treatment and stabilization of the economy of Sri Lanka, the […]
- US tells China to help Sri Lanka restructure debt (Category: Breaking News)
- IMF wants secrecy till final deal with Sri Lanka reached (Category: Breaking News)
- Sri Lanka to discuss debt restructuring with China (Category: Breaking News)
- Sri Lanka to continue to stand by ‘one China policy’ (Category: Breaking News)
[…]The post Continuing Corruption: Begging IMF: Increasing Taxes appeared first on Colombo Telegraph.
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- Corruption & Lack Of Common-Sense; Presidential Brutalities (Category: Breaking News)
- Government-Sponsored Terrorism In Sri Lanka (Category: Breaking News)
- Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue (Category: Breaking News)
[…]The post Go Set A Watchman appeared first on Colombo Telegraph.
- Qualified Candidates Essential For System Change (Category: Breaking News)
- Chasing The Mirage Of National Reconciliation (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Musings On A New Constitution (Category: Breaking News)
[…]The post Ranil’s Debt Driven Growth Strategy appeared first on Colombo Telegraph.
- Futility Of “Ranilnomics” Without Systemic Change (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- Systemic Drain (Category: Breaking News)
- RW’s National Policy & National Council (Category: Breaking News)
Sri Lanka is caught in a geopolitical cold war between China and India, analysts say
- Sri Lanka to reach ECTA deal with India and FTA with China (Category: Breaking News)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Sri Lanka: Indian push to finalise trade agreement sparks protests in Colombo (Category: Breaking News)
- Sri Lanka: Indian push to finalise trade agreement sparks protests in Colombo (Category: Breaking News)
India's Jay Jay Mills already has factories employing 9,500 workers
- Fabric Fate (Category: Business)
- Margin Effect (Category: Business)
- Fabric Fortunes (Category: Business)
- Fabric Fortunes (Category: Business)
President Ranil Wickremesinghe today assured the Administrator of the United States Agency for International Development (USAID), Samantha Power, that he will go through with the proposed electoral reforms. “We are also bringing in the new anti-terrorist legislation. I’m going to call the Parliament to say once and for all that they must agree on electoral […]
- President to attend funeral of Queen Elizabeth II (Category: Breaking News)
- Eight new foreign diplomats meet President Wickremesinghe (Category: Breaking News)
- Ranil says India and Sri Lanka are two sides of same coin (Category: Breaking News)
- President questions silence of students from top schools on ragging (Category: Breaking News)
UNDP Sri Lanka launches two programmes calling young innovators to act on climate change International Youth Day (IYD) advocates for the participation of young people in actioning chang around the world. To commemorate the significance this year and to provide a platform to young leaders in Sri Lanka, the United Nations Development Programme (UNDP) in Sri Lanka launched two new calls for young ...
- UNDP funds workshop at Water’s Edge for youth representatives of Sectoral Oversight Committees (Category: Breaking News)
- Lanka hosts Global Climate Promise Exchange Workshop (Category: Breaking News)
- UNDP supports ‘HackaDev Green Innovation Challenge’ (Category: Breaking News)
- Japan to provide anti-corruption policy support for SL to promote economic governance (Category: Breaking News)
Race between Ranil and Dullas
- Sri Lanka opposition move to express parliament’s dissatisfaction with president defeated (Category: Breaking News)
- Sri Lanka ruling party MP Ranjith Bandara appointed COPE chair (Category: Breaking News)
- Indian shipment of rice, milk powder, medicines worth 2bn arrive in Sri Lanka (Category: Breaking News)
- China’s US$74 rice grant to reach Sri Lanka by end June (Category: Breaking News)
The Chairman of the Public Utilities Commission of Sri Lanka, Janaka Ratnayake says the price of fuel should be reduced further and not just by Rs. 20 as was announced last night. Issuing a statement, Janaka Ratnayake said that a transparent fuel pricing system must be introduced. “The price of petrol was reduced by 20 […]
- No annual bonus for CEB employees this year (Category: Breaking News)
- Ceypetco snubs PUCSL invite to discuss discrepancies (Category: Breaking News)
- PUCSL Chairman claims fuel can be sold at Rs. 250 (Category: Breaking News)
- Major rift in PUCSL between Chairman and members (Category: Breaking News)
Sri Lanka is to continue to stand by the ‘one China policy’ and support to protect China’s sovereignty and territorial integrity, the Foreign Ministry said today. The Foreign Ministry said that the assurance was given when the Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, at the Ministry […]
- Sri Lanka looks to enhance ties with Russia (Category: Breaking News)
- Work of domestic mechanisms on reconciliation reviewed (Category: Breaking News)
- Sri Lanka concludes bilateral consultations with Japan (Category: Breaking News)
- Colombo based Diplomatic corps briefed on present situation (Category: Breaking News)
The economy of Sri Lanka contracted by 1.6 percent in the first quarter of the year 2022, the Department of Census and Statistics (DCS) says.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
- Lanka-Arab Relations (Category: Breaking News)
- The President, IMF & System Change (Category: Breaking News)
- What Next For Aragalaya? (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
Wickremesinghe also warned against being hyper-focused on the past.
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- President reveals govt s action plan for socio-economic reforms and accelerated development (Category: Breaking News)
- The Senseless Killing Of 19A By 21A! (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
Sri Lanka is to seek assistance from Paris Club lenders and the G7, Minister of Foreign Affairs Professor G.L. Peiris said. Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka. Minister Peiris explained that the Government of Sri Lanka will seek assistance […]
- Central mechanism to be established to streamline requests for assistance (Category: Breaking News)
- Empathy and understanding sought by Sri Lanka (Category: Breaking News)
- Iran assures continued assistance to Sri Lanka (Category: Breaking News)
- UK exploring avenues of support towards Sri Lanka (Category: Breaking News)
Johnson had made this assurance during a discussion held that afternoon.
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
It is necessary that the policymakers do not make the mistake of not listening to the experts in the industry
- A new program is essential to propel the plantation industry forward, encompassing the tea secto... (Category: Breaking News)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
- Tea traders call for a wage cut (Category: Business)
- CTTA completes Colombo Tea Auction study with MTI (Category: Business)
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
- Sri Lanka – Survive Or Perish? – An Open Letter To The President (Category: Breaking News)
- Government Brutalities Against Protesters (Category: Breaking News)
The International Monetary Fund (IMF) is forecasting the economy of Sri Lanka to grow by 2.6% this year down from 3.6% in 2021.
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
- Why Lion leads frontier (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
Strategic investments from high-growth economies such as India and China are propelling Sri Lanka into an important emerging Indian Ocean economy, opined Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath B. Wickrama.
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
Sri Lanka’s banking industry reflects a “very high risk” assessment of economic resilience and credit risk in the economy, and a “high risk” assessment of economic imbalances, says the Standards and Poor’s. The Rating agency in its latest Banking Industry Country Risk Assessment, assigned Sri Lanka’s Banking sectors economic risk score of ‘8’ and an industry ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- S&P’s soother! (Category: Business)
- Standard and Poor assesses SL as ‘high risk country’ (Category: Breaking News)
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
- SEC To Work Towards Strengthening Investor Protection (Category: Business)
- Regulatory framework in place for Exchange Traded Funds (Category: Business)
- Top Govt. politico among investors summoned by SEC via ‘fiery’ notice (Category: Business)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
| by Dr Laksiri Fernando ( May 03, 2012, Sydney, Sri Lanka Guardian) I am here not talking about Karen Connelly’s popular love story by the name of ‘Burmese Lessons,’ but rather Aung San Suu Kyi’s entry into Parliament yesterday as the leader of the opposition in Myanmar (or Burma) with 42 other members who were elected early April in a by-election from the National League for Democracy (NLD). Th...
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- New Myanmar Democracy: Generals In Plain Clothes (Category: Breaking News)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
- It breaks my heart to see the Indian Prime Minister pose cordially with the butchers of Burma (Category: Breaking News)
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