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[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
The Sri Lanka Delegation, led by President Ranil Wickremesinghe, engaged in high-level discussions with World Bank President Mr. Ajay Banga and other World Bank officials at the World Bank Headquarters (UNHQ) yesterday (September 18).The post Sri Lanka President Ranil Wickremesinghe meets with World Bank Chief Ajay Banga appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post ZeroPlastic Global Movement: A Beacon Of Hope In The Battle Against Plastic Pollution appeared first on Colombo Telegraph.
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
A proposal, set to take effect from October 1, 2023, stipulates rates of USD 130 for 5-star hotels, USD 100 for 4-star hotels, and USD 80 for 3-star hotels within the city of Colombo. While the authorities argue that this measure aims to counter underpricing by higher-tier hotels, this policy threatens to undermine the growth […]
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
Alleged presidential interference in judiciary: By Shamindra Ferdinando Declaring that the Bar Association of Sri Lanka (BASL) steadfastly protected the independence of the judiciary, its President Kaushalya Navaratne yesterday (22) said that senior members would be consulted to decide what he called,the best possible course of action. Navaratne said so when The Island sought his response […...
Sri Lankan President Ranil Wickremesinghe underscored the imperative to fortify the nation’s economy, ensuring that forthcoming generations are spared from enduring the unfortunate period that both the country and its people have weathered in the past two years.The post Sri Lanka risks returning to bankruptcy within a decade unless steps taken promptly – President appeared first on ONLANKA -...
Speaker Mahinda Yapa Abeywardena told Parliament on Friday thaty he would not revoke his ruling given on Wednesday with regard to the Parliament’s supremacy over the Supreme Court. He said that he had consulted legal experts in preparing his ruling that the Supreme Court is not empowered to issue orders or judgments of any nature against […]
By Saman Indrajith Opposition political parties yesterday (11) demanded that Speaker Mahinda Yapa Abeywardena withdraw his ruling that courts are not empowered to issue orders or judgements of any nature related to a motion already passed by the Parliament. On 09 August, the Speaker gave the ruling after Tourism and Lands Minister Harin Fernando raised a privilege issue on petitions filed against ...
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
Sri Lanka is in talks with a Singapore based company to transform Colombo and give it a new look. President Ranil Wickremesinghe said that the vision to transform Colombo into a beautiful city is already in motion, with plans provided by Surbana Jurong. Surbana Jurong Group is a global urban, infrastructure and managed services consulting […]
Joining China’s Belt and Road Initiative (BRI) project four years ago was a “hasty and disastrous” decision. This statement is from the Minister of Defense of Italy. An interview with Italian Defense Minister Guido Crosetto was published on Sunday, in which he said China’s involvement in the project was a “disastrous decision.” He also explained […]
The developing Indo-Lanka relations, particularly the process since early 2022 should be examined taking into consideration the significant role played by Sri Lanka’s High Commissioner in New Delhi Milinda Moragoda, who received the Cabinet rank. At the time President Gotabaya Rajapaksa sent the former UNP Minister, one -time close associate of UNP leader Ranil Wickremesinghe, […]
As Sri Lanka sank deep into its economic crisis last year, dentist Lakmal Kulasekara watched many in his field pack up and leave. No matter how bad things became, he was determined to stay.The post Sri Lanka hit by record brain drain, but some stay to rebuild appeared first on ONLANKA - Sri Lanka
India and Sri Lanka said on Friday that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries.The post India, Sri Lanka agree to boost ties through energy, power and port projects appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Indian Prime Minister Narendra Modi today urged President Ranil Wickremesighe to fulfill the aspirations of the Tamils and also implement the 13th Amendment to the Constitution. He said he hopes the Sri Lankan Government will ensure a life of respect and dignity for the Tamil community of Sri Lanka. “We hope that the Government of […]
Sri Lanka President Ranil Wickremesinghe departed on a two-day official visit to India this afternoon (July 20).The post Sri Lanka President Ranil Wickremesinghe leaves for India on two-day official visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Minister of Labour and Foreign Employment, Manusha Nanayakkara, and President’s Secretary, Saman Ekanayake at a meeting held at the Presidential secretariat decided to appoint an action committee comprising key secretaries from various ministries, including Education, Finance, Tourism, Fisheries, Transport, Plantation and Industry to swiftly implement strategies aimed at re-employing individuals i...
The Working Committee of the Samagi Jana Balawegaya (SJB) today (July 18) decided to expel party members Harin Fernando and Manusha Nanayakkara from the party.The post Harin Fernando and Manusha Nanayakkara expelled from Samagi Jana Balawegaya appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.
Monday 17th July, 2023 The Parliamentary Select Committee (PSC) appointed by Speaker Mahinda Yapa Abeywardena to investigate the causes of the country’s bankruptcy has come in for severe criticism, and understandably so. The Opposition has rightly pointed out that the PSC cannot be expected to act impartially under the chairmanship of General Secretary of the […]
By Shyam Nuwan Ganewatta The IMF in 2020 told nations around the world that they should maintain a budget deficit to tackle the effects of COVID-19, however, two years later, the IMF insists that this would lead to chaos, Dr. Howard Nicholas, senior lecturer at Erasmus University – Rotterdam, and International Institute of Social Studies […]