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Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual
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By Lynn Ockersz ‘Sri Lankans are very good at writing plans but nothing very positive has resulted from these efforts over the years. Nevertheless, the country needs a new system of planning and an essential requirement for this is a sound institutional framework coupled with good governance, chairman of the Gamani Corea Foundation (GCF) and […]
President Ranil Wickremesinghe emphasized that the government s prudent decisions over the past two years have bolstered the nation s economy, providing a favourable environment for political activities on the streets.
Sri Lankan President Ranil Wickremesinghe has declared the formation of an Agricultural Modernization Organization Council, which will be chaired by both the President and Prime Minister.The post Sri Lanka President calls for council to boost efficiency in agricultural modernization appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Sanath Nanayakkare Minister of State for Finance Shehan Semasinghe said on Monday that the government is aware of the low deposit interest rate senior citizens are earning on their savings as the policy rates are taking a downward trajectory amid declining inflation and expanded economic activity. He, however, said that interest rate relief cannot […]
President Ranil Wickremesinghe has announced the formation of an Agricultural Modernization Organization Council, which will be chaired by both the President and Prime Minister. The primary objective of this council will be to oversee the restructuring of ministries, institutions, and organizations associated with agriculture in Sri Lanka. President Wickremesinghe made this announcement during a p...
his commitment to bolstering the nation’s economy through the establishment of […]
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena, has stressed that any alteration, even as small as one-tenth, to the on-going government program spearheaded by President Ranil Wickremesinghe could pose a significant threat to the stability of the country once more. Despite numerous reports indicating an increase in poverty among the country’s most vulnerable, the minister ...
President Ranil Wickremesinghe affirmed his commitment to bolstering the nation’s economy through the establishment of competitive investment avenues. He commended the pivotal role played by companies under the purview of the Board of Investment in driving Sri Lanka’s economic growth.
In the midst of rising tensions between Islamabad and Kabul, the Defense Minister of Pakistan has issued a stern warning to the Taliban government in Afghanistan. Khwaja Asif, in an interview with Voice of America on March 20, hinted at the possibility of Pakistan blocking the trade corridor that facilitates goods flow between Afghanistan and […]
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Money, exchange rates, and money printing are crucial components of a nation’s monetary policy framework, wielding significant influence over economic and financial stability. This intricate relationship between these fundamental factors directly affects financial and economic dynamics. I am going to examine the nexus between these factors, clarifying their roles in the financial system and ...
Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual
Sri Lanka s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank s latest bi-annual update.
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Sri Lanka still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual update. The World Bank also said that Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following
By Jehan Perera Tracing history and going back to the colonial era, President Ranil Wickremesinghe has said that despite the adverse impact of world wars and internal conflicts, Sri Lanka has steadfastly upheld its democratic value of ensuring the functioning of both the government and the opposition without interruption. The president was addressing members of […]
Hardik Pandya’s return to the Wankhede Stadium as Mumbai Indians captain was far from a fairy tale, as the five-time champions lost their third game in a row, this time with 27 balls to spare. Rajasthan Royals – led by superb performances from Trent Boult, Yuzvendra Chahal and Riyan Parag gave them a thorough hammering […]
By N Sathiya Moorthy Reports that some ex-Servicemen from Sri Lanka had died fighting on either side of the unending Ukraine war should shock the nation’s consciousness. The question is not about the how of it but the why of it all – greed or economic condition that has forced them and others still out there […]
Somalia is keen to explore opportunities for partnerships with Sri Lanka, the President of Somalia Hassan Sheikh Mohamud said. Sri Lanka has identified potential areas of cooperation with Somalia as it lies on the crossroads of international maritime and global sea trade, providing easy access to markets in Africa, the Middle East and Europe. This […]
The bodies of eight Chinese nationals have been found on a beach in the Mexican state of Oaxaca after their boat capsized, officials say. The bodies were found on Friday along a route used by illegal migrants trying to reach the United States. The seven women and a man were on board a boat operated […]
Turkey’s main opposition party has claimed big election victories in the main cities of Istanbul and Ankara. The results are a significant blow for Recep Tayyip Erdogan, who had hoped to regain control of the cities less than a year after he claimed a third term as president. He led the campaign to win in […]
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Six turbines of the wind power plants in Mannar have been removed to keep a 2-km corridor for bird migration. There have been concerning reports of former Viyathmaga members actively acting behind the scenes to stall a critical infrastructure project, which will provide Sri Lanka with cheap renewable energy and cut our dependence on fossil […]
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