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Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Shamindra Ferdinando The economy was in such a precarious situation that the Wickremesinghe-Rajapaksa government couldn’t further delay the restoration of the relevant provisions of the 1953 Foreign Exchange Act to compel the private sector to bring back export proceeds, rebel SLPP MP Prof. G.L
by Eng Parakrama Jayasinghe parajayasinghe@gmail.com Electricity consumers reeling from the massive increase in tariff in February (adjusted somewhat in July 2023) were naturally appalled by the request for a further increase by the Ceylon Electricity Board (CEB). A public consultation was held on 18 October 2023 by the Public Utilities Commission of Sri Lanka (PUCSL) […]
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
[…]The post Management Of A Country Relies Upon True Economic Policies appeared first on Colombo Telegraph.
[…]The post The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems appeared first on Colombo Telegraph.
By Shamindra Ferdinando Field Marshal Sarath Fonseka, MP, has stressed the pivotal importance of public protests against waste, corruption, irregularities and mismanagement.Alleging that those who had been entrusted with the task of governing the country have instead ruined it, Chairman of the Samagi Jana Balawegaya (SJB) Fonseka, on Thursday, said that every citizen should bear […]
[…]The post Sri Lankan Tamils & Palestinians: International Justice In The Dark? appeared first on Colombo Telegraph.
Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]
[…]The post Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth appeared first on Colombo Telegraph.
By Lynn Ockersz Japan has identified South Asia as a key region for the extension of its cooperation in disaster prevention. As a matter of policy, Japan is in the process of strengthening the disaster prevention and response capabilities of countries vulnerable to natural disasters all over the world, Komura Masahiro, Parliamentary Vice Minister for […]
[…]The post Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe revealed that a Presidential Election is set to take place in 2024 in accordance with the Constitution of Sri Lanka.The post Sri Lanka’s presidential and parliamentary elections will be held in 2024 – President appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Addressing the Special General Convention of the United National Party (UNP) held at the Sugathadasa Indoor Stadium in Colombo on Saturday (21)., President Ranil Wickremesinghe emphasized his commitment to bolstering the country’s economy by positioning Sri Lanka as a smart nation. The President
[…]The post Sri Lanka Needs A Planning Commission appeared first on Colombo Telegraph.
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
Heavy machine gun fire was heard along the Israel-Gaza border in the early hours of Friday, after the green light was given for a ground invasion. Yoav Gallant, the Israeli defense minister, on Thursday visited troops positioned along the Gaza border, and told them that they would soon see the Palestinian enclave ‘from inside’. An infantry commander in […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...
Maria Fernanda Garza, the Chair, of the International Chamber of Commerce (ICC), arrived in Sri Lanka today. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Her first visit to Sri Lanka will encompass meetings with business and government leaders. Greeting her […]
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
Chinese President Xi Jinping has warned Western states against “decoupling” from his country’s economy, insisting amid declining foreign investment that China’s development should be viewed as not a threat but an asset. Xi’s caution came as he opened the Belt and Road Initiative (BRI) forum
Vietnam and Sri Lanka have agreed to formulate a comprehensive action plan to bolster the relationship between both countries. Vietnamese President Vo Van Thuong also expressed Vietnam’s willingness to serve as a bridge for enhancing relations between Southeast Asia and Sri Lanka. He emphasized that Vietnam is committed to taking the initiative in strengthening economic, […]
Let us set the record straight, officially Retired Rear Admiral Sarath Weerasekera recently declared that in his capacity as Chairman of the Sectoral Oversight Committee on National Security he would present to President Ranil Wickremesinghe a comprehensive report on how the war was conducted. The recent US denial of a visa to Adm. Weerasekera underlines […]
Chinese tech giant Huawei technologies has expressed its willingness to support an annual study programme aimed at nurturing software and hardware engineers in Sri Lanka.The post Sri Lanka President inked agreement with Huawei company for digitization of Sri Lanka’s schools appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The United States recognizes Sri Lanka’s right to assert its own aspirations and objectives to be recognized as an equal on the world stage. The U.S. Embassy Colombo, together with the Regional Center for Strategic Studies (RCSS) and the United States Institute of Peace (USIP), brought together scholars from across the Indo-Pacific for the conference […]