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* Timely intervention prevents farmers from dumping their crop on open fields * Purchased over 30 metric tons of surplus tomato on April 26 * The deal favourable for farmers is akin to a forward commodity pricing arrangement * Surplus tomato will be processed to manufacture KIST tomato sauce by Sanath Nanayakkare KIST food brand […]
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
[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
Video: ‘Economy has stabilized, growth is now emerging’ - Semasinghe (English)
Royal Challengers Bengaluru overcame any vulnerabilities against spin in some style against Gujarat Titans, running down a target of 201 with nine wickets in hand and four overs to spare in Ahmedabad. Virat Kohli’s unbeaten 70 off 44 balls – 34 of them against spin – led the charge before a blitz from Will Jacks […]
In the sleepy, verdant village of Ambagaswewa, in the Polonnaruwa district of Sri Lanka’s North Central province, 63-year-old TMH Gamini Sunil Thennakoon’s life is peaceful for the most part. On the brink of retirement, he still spends most days out working his rice paddies but is also content spending his days playing with his grandchildren […]
State Minister of Finance Shehan Semasinghe says that Sri Lanka s economy has been stabilized with the continuous appreciation of Sri Lankan Rupee, and the growth is now emerging.
[…]The post From Absurdities To Atrocities, Again? appeared first on Colombo Telegraph.
By SHIHAR ANEEZ ECONOMYNEXT –Sri Lanka has allowed a German research vessel for replenishment in Colombo port for the second time following the clarification from the island nation’s Foreign Ministry after Chinese protest. “It’s the same German research vessel came last month. It came around New Year time when it was returning and the ship was […]
Japanese Foreign Minister Yoko Kamikawa is to visit Sri Lanka this week, the Japanese Foreign Ministry announced. According to the Kathmandu Post, Kamikawa will arrive in Kathmandu on May 4 via Sri Lanka on a two-day Nepal visit. Japan has established a deep relationship of trust with both Sri Lanka and Nepal based on long […]
-oriented economy based on market economy. The President underscored the importance […]
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
President Ranil Wickremesinghe emphasized the government s aim to create a highly competitive, export-oriented economy based on market economy, expressing full faith in the business community of the country.
[…]The post Debate Between Presidential Candidates First: A Point Of View appeared first on Colombo Telegraph.
The Sri Lankan Government says the economy has stabilized and growth is now emerging. State Minister of Finance Shehan Semasinghe said that the currency appreciated from Rs. 360/USD in 2022 to Rs. 300/USD at present. “It is important to understand that exchange rates in Sri Lanka is Market
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Ranil Wickremesinghe expressed his dedication to fostering an economic landscape in the nation that would prevent future struggles among its citizens. Emphasizing the swift reconstruction of the economy within a mere two-year span, he underscored his resolve to elevate the standard
Japan has provided a grant of US$3 million through the Food and Agriculture Organization of the United Nations (FAO), to strengthen inland fisheries and improve rural livelihoods in partnership with the Ministry of Fisheries in Sri Lanka. The US$ 3 million initiative will bolster food and nutritional security and fortify resilience by establishing four community […]
President Ranil Wickremesinghe appealed to the public not to back another ‘Aragalaya’. He said there is no need to create instability and force the economy to collapse. The President sought support to move forward and create a better Sri Lanka. He was speaking
The stock market serves as a nexus where millions of buyers and sellers converge to engage in transactions. At its core, each transaction represents an agreement between a buyer and a seller, with the central element being the price. This price is not static; it fluctuates continuously, reflecting the equilibrium between supply and demand. The […]
A Chinese Communist Party delegation including the Deputy Minister of the Department of the International Affairs of the Chinese Communist Party had talks with National Peoples’ Power (NPP) leader Anura Kumara Dissanayake. The Chinese delegation consisted of Sun Haiyan, Deputy Minister of the Department of International Affairs of the Communist Party of China and member […]
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
As the Maldives braces itself for the crucial parliamentary election on April 21, 2024, the political landscape is marred by allegations of corruption, cronyism, and abuse of power, particularly within the Progressive National Congress (PNC) led by President Mohamed Muizzu. The unfolding scenario casts a dark shadow over the nation’s democratic fabric as citizens grapple […]
[…]The post Justice Does Not Require A Mandate But A New Government appeared first on Colombo Telegraph.
The chairman of the Colombo Stock Exchange (CSE), Dilshan Wirasekera, discusses opportunities for capital raising and the stock market outlook for 2024 in the following interview: Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the […]
[…]The post Ramayana Trail – The Sacred Mission appeared first on Colombo Telegraph.
The Department of Census and Statistics (DCS) has revealed in its latest report that the overall rate of inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) on a Year-on-Year basis, decreased to 2.5% in March 2024, compared to 5.1% in February 2024.The post Sri Lanka’s inflation eases to 2.5% in March 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News...
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part II appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe declared the government’s commitment to ensuring inclusivity in strengthening the country’s economy, prioritizing both economic growth and citizen welfare.The post Sri Lanka President initiates monthly rice distribution for low-income families appeared
[…]The post Reforming Education: Target For Creative Capital & Not For Mere Human Capital appeared first on Colombo Telegraph.