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· We need to enact new rules instead of relying on old regulations to get out of the prevailing crisis - Prime Minister · Cotton industry can get access to the world of fashion … - Ms. Azusa Kubota, UNDP Resident Representative
By Samanthi Weerasekera In a groundbreaking virtual conference, the Samahitha Nature Foundation, USA, and the Society for Health Research and Innovations, Sri Lanka, united to delve into the transformative realm of “Disease Reversal through Plant-Based Nutrition” led by Dr. Michael Klaper, MD. The event unveiled startling revelations about the state of health in Sri Lanka […]
By Shihar Aneez Sri Lanka’s Information and Communication Technology (ICT) sector is facing a dearth of skilled workforce with most having already left the country, a top official said. Sri Lanka has aimed at boosting the digital economy to contribute at least $15 billion to the economy by 2030 under the Digiecon-2030 plan which includes […]
A London court has thrown out a 145m euros (£126m) legal case brought by a former lover of the ex-king of Spain. Danish businesswoman Corinna zu Sayn-Wittgenstein-Sayn had accused Juan Carlos of directing a campaign of harassment against her after their relationship broke down in 2012. She alleged the intimidation – including spying and break […]
By Rathindra Kuruwita If the Online Safety Bill is passed, Sri Lankans will not be able to talk during a public health crisis in the future, Executive Director of People’s Action for Free & Fair Elections (PAFFREL), Rohana Hettiarachchi says. The Anti-Terrorism Bill, and the Online Safety
Fitch Ratings has affirmed Bank of Ceylon's (BOC) Long-Term Local-Currency Issue Default Rating (IDR) at 'CCC-' and removed it from Rating Watch Negative (RWN). The Outlook is Stable.The post Fitch affirms rating on 15 Sri Lankan Banks – Removes Watch Negative appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo yesterday (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s
By Neville Ladduwahetty President Ranil Wickremesinghe eloquently outlined the current global economic crisis affecting the developing world, in particular the Global South, during his speech at the Berlin Global Dialogue. In the course of his presentation he conveyed
The Truly Sri Lankan Bank, Pan Asia Bank, demonstrated its commitment for the nation by launching a special Credit Card for government pensioners who served the nation for many years, by keeping its brand promise as ‘The Truly Sri Lankan Bank’. The new offering – ‘Sammana Credit Card’ – is packed with attractive discounts and […]
by Sanath Nanayakkare Income inequalities persist although there is enough money in circulation in the economy, the Central Bank Governor Dr. P. Nandalal Weerasinghe said yesterday. The Governor said so responding to a question posed by The Island Financial Review at the press conference held by the Central Bank after announcing its latest Monetary Policy […]
Sri Lanka is to transition to a green economy, at a high cost, President Ranil Wickremesinghe said. He said the Government will enact a new Climate Change Act and a National Environment Act to address the triple planetary crisis in the context of new knowledge and practices. “We are starting
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo today (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s ambitious climate
[…]The post Sri Lanka: IMF / World Bank – Systemic Reforms Needed appeared first on Colombo Telegraph.
US President Joe Biden’s administration is to build a section of border wall in southern Texas in an effort to stop rising levels of immigration. Around 20 miles (32km) will be built in Starr County along its border with Mexico, where officials report high numbers of crossings. Building a border wall was a signature policy […]
The Government has threatened to scrap the monopoly given to SriLankan Airlines for flights operating between Colombo and some international destinations. Minister of Ports and Aviation Nimal Siripala de Silva told Parliament that he had a discussion with international airline operators and requested them to expand operations between Colombo and global destinations. He said that […]
Sri Lanka's central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift revenue and repair its balance sheets in a bid to secure continued financial support from the International Monetary Fund.The post Sri Lanka resumes rate cuts to boost growth as inflation cools appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A new report has noted that the Government continued to detain, arrest and intimidate those connected with the Aragalaya protests for their online posts. The new Freedom House report said that during the reporting period between June 1, 2022 – May 31, 2023 the Government used existing legislation including the Prevention of Terrorism Act and […]
The World Bank predicts that Sri Lanka’s poverty will increase to 27.9 percent in 2023 from 25 percent in 2022 as the country continues to suffer from the most extreme deployment of ‘macro-economic policy’ in the history of its central bank. The World Bank in a report titled ‘Sri Lanka Development Update: Mobilizing Tax Revenue […]
Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances.
Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the Treasury Secretary said on Wednesday, with new legislation planned to improve public finances.
Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances.The post Sri Lanka aims to streamline tax structure, boost
Earlier this year, global fashion infrastructure platform PDS Limited announced the unveiling of a centralized cutting plant in its Sri Lankan subsidiary Norlanka, located in Malwana. With a fully digitalized and integrated system, starting from mill inspection to warehouse operations, fabric inspection and the cutting process, this initiative is a testament to how multinational companies […...
Every parent aspires to provide the best possible education for their children and to fulfil their hopes and dreams. Considering the rising cost of education, parents have to have a plan in place for being able to afford higher education or for sending the child to a university overseas when the time comes. However, it […]
The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation
The World Bank revised up its forecasts for Sri Lanka s economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.
[…]The post The Courts Would Be The Better Option For Undemocratic Actions To Be Contested appeared first on Colombo Telegraph.
By Jehan Perera The government has allocated Rs 11 billion in the provisional budget for next year for the presidential elections due in September. This is a positive indication that the government intends to hold those elections. Free and fair elections being held when due is a core concept of a functioning democracy. This was […]
A discourse on the crisis in Sri Lankan health sector, under the theme ‘What ails the health sector? What solutions?’ is scheduled to be held at 4.00 p.m. on Thursday, 05 October 2023, at the Centre for Society & Religion (CSR) Auditorium, 281, Deans Road, Colombo 10, under the auspices
By Easwaran Rutnam Former Presidents Maithripala Sirisena and Gotabaya Rajapaksa continued to pay cadres of the Tamil Makkal Viduthalai Pullikkal (TMVP) when they were President and Defence Minister, a whistleblower claimed. Former TMVP spokesman Azad Maulana told Daily Mirror that funds running into the millions was paid to the TMVP during the last stages of […]
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.