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Sri Lanka’s tentative recovery from its worst economic crisis could be stalled by presidential elections due later this year, the island nation’s central bank chief warned on Tuesday. Months-long shortages of food, fuel and medicines culminated in Sri Lanka defaulting on its foreign debt in 2022 and angry protests that led to the ouster of […]
Shakib Al Hasan, the Bangladesh allrounder, was involved in a physical confrontation with a fan who attempted to take a selfie with him without consent. The incident occurred before the match between Sheikh Jamal Dhanmondi Club (SJDC) and Prime Bank Cricket Club in the Dhaka Premier League (DPL) 2024. In the video, it can be […]
Sri Lanka is to investigate claims of a major mobile phone phishing scam after an MP alleged that huge sums of money had been stolen from unsuspecting individuals. State Minister of Finance Ranjith Siyambalapitiya said that a report on the matter will be submitted to Parliament. Parliamentarian Gamini Waleboda claimed that malware had been shared […]
Sri Lanka's official reserve assets grew by 9.6% in April 2024, as announced by the Central Bank of Sri Lanka (CBSL).The post Sri Lanka’s official reserve assets up by 9.6% in April 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
Sri Lanka s official reserve assets increased by 9.6% to USD 5.43 billion in April 2024, compared to USD 4.96 billion in March 2024, according to the Central Bank of Sri Lanka (CBSL).
India has delivered the first batch of medium-range, supersonic BrahMos cruise missiles – that can be launched from land, sea and air – to the Philippines. Brahmos is one of the most lethal weapons in its category. They will be deployed in the South China Sea to resist Beijing’s unrelenting and unilateral aggression in violation […]
[…]The post Valuing Japan’s Moral Ethos & Economic Assistance appeared first on Colombo Telegraph.
by Jehan Perera The visit of Japan’s foreign minister Yoko Kamikawa to Sri Lanka is an indication that the relationship between the two countries is on the mend. The manner in which Japan was ousted from the special status it had once held by the previous government headed by President Gotabaya Rajapaksa would have caused […]
[…]The post Fleas Dream Of Buying A New Dog appeared first on Colombo Telegraph.
Pivithuru Hela Urumaya (PHU) leader MP Udaya Gammanpila claims that the Central Bank of Sri Lanka (CBSL) had increased the salaries of its employees by the biggest margin in its history, despite having recorded losses of billions of rupees for two consecutive years.
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda. He also emphasized the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of [...
by Jayasri Priyalal Jayasripriyalal59@gmail.com The greatest challenges confronting the nation-states in the current era revolve around; deplorable debt, depleted natural resources, and degraded environment. Economic growth and future prosperity for all living beings are stalled due to the varying degrees of the 3D problems emerging out of ill-conceived policy divergences propelling the linear eco...
[…]The post Pointless Debate On The Economy When Issue At Hand Is Much Broader appeared first on Colombo Telegraph.
The Asian Development Bank (ADB) has reiterated its unwavering steadfast commitment to support Sri Lanka.
[…]The post Demise Of Eelaventhan- My Beloved Older Brother appeared first on Colombo Telegraph.
[…]The post The “Aragalaya“ Of 1848 appeared first on Colombo Telegraph.
The Colombo High Court today announced that it will deliver its decision on May 31 concerning the plea filed by four defendants, including former Central Bank Governor Ajith Nivard Cabraal, seeking the dismissal of the case filed against them by the Bribery Commission and the release of the defendants.
by Reemus Fernando Tissa Central, Kalutara have not won the annual Big Match for more than four decades but this time they are in contention to break the hoodoo when they meet arch rivals Kalutara Vidyalaya in the 64th Battle of Mangosteens today and tomorrow at the De Soysa Stadium, Moratuwa. Tissa Central captained by […]
The Committee on Public Finance (CoPF) has approved, subject to conditions, the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill which was amended to facilitate legal provisions for the suspension of Parate Law until December 15 2024. Accordingly, the banks’ practice of acquiring properties of whose loans are yet to be paid off will […]
Sri Lanka s gross official reserves (GOR) stood at USD 5 billion by the end of March 2024, recording a notable increase compared to USD 4.4 billion at the end of 2023.
Thursday 2nd May, 2024 The police have embarked on a campaign, parallel to their war on drugs, to clear busy intersections of beggars who solicit alms near traffic lights, causing much inconvenience to motorists. Scores of beggars have already been arrested and hauled up before courts for doing so, we are told. Sri Lankans drive […]
[…]The post Are We Bold Enough For A Radical Change? appeared first on Colombo Telegraph.
More than 100 people have been arrested in Spain accused of stealing thousands of euros from WhatsApp users by claiming to be relatives in distress. Police said those arrested were part of a criminal group that fraudulently received nearly a million euros in total through the scam. The arrests took place between February and April, […]
Over the last few decades China has not only become Africa’s largest trading partner, but is its biggest bilateral lender. In the last 15 years, trade between China and African nations reached $282.1 billion (in 2023). Out of these numbers, most of the exports to China were supplied by South Africa, Angola and the Democratic […]
The International Monetary Fund (IMF) wants Sri Lanka to work on governance issues and to also stick to the IMF supported program. Krishna Srinivasan, IMF Director of the Asia and Pacific Department noted that Sri Lankans faced a very difficult challenge when they embarked on the IMF program. “And so far, what we’ve seen is […]
‘Public Debt Management Bill threat to democratic governance’ By Shamindra Ferdinando Opposition MP Charitha Herath yesterday (30) alleged that the controversial Public Debt Management Bill that had been tabled in Parliament last week was aimed at bringing public sector finance entirely under the Finance Minister. Claiming that UNP leader and President Ranil Wickremesinghe, in his […]
Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial assistance. Late on Monday night, Pakistan’s Ministry of Finance […]
[…]The post Lessons From America appeared first on Colombo Telegraph.
May Day rallies: by Chaminda Silva Colombo Municipal Council Commissioner Bhadrani Jayawardena said political parties, including the UNP, SLPP, SJB and JVP/NPP and many civil organisations, have reserved public grounds and places in the city for the upcoming May Day celebrations. She said that the Municipal authorities expect around 500,000 persons to arrive in Colombo […]
The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus on economic reforms will be critical to avoid recurring […]