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Sri Lanka must ensure access to adequate nutrition for all pregnant and breastfeeding women amid the ongoing economic crisis in the country, Amnesty International said today in a new research briefing. The briefing, ‘Foregoing Meals to Make-Do’, examines the impact of the economic crisis on access to nutrition for pregnant and breastfeeding women, with a […]
- Ensure adequate nutrition for pregnant, breastfeeding women- Amnesty urges SL govt (Category: Breaking News)
- Australia to provide additional $25 million to help Sri Lanka (Category: Breaking News)
- Japan to provide essential medicines to Sri Lanka through UNICEF (Category: Breaking News)
- Japan contributes additional US$ 6.6 million to help Sri Lanka (Category: Breaking News)
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency bonds have also been downgraded to 'C' from 'CC'.The post Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka s Long-Term Local-Currency IDR to C (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
By Hema Senanayake hemasenanayake@yahoo.com IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]
- Flexible Rate (Category: Business)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Reactions (Category: Business)
Adventure tourism is playing a key role in helping Sri Lanka rebuild its economy after a turbulent few years for the South Asian nation.The post Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Sri Lanka looks to adventure travel to attract quality tourists and help rebuild economy (Category: Breaking News)
- Sri Lanka approves visa-free entry for tourists from 07 countries (Category: Breaking News)
- Driving Adventure (Category: Business)
- Sri Lanka Tourism ready for tourists (Category: Breaking News)
The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
- Playing The Fiddle While The Country Burns! (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
[…]The post Accountability Issues & Human Rights Cannot Be Glossed Over appeared first on Colombo Telegraph.
- The need to strengthen national accountability mechanisms (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]
- Accountability Issues & Human Rights Cannot Be Glossed Over (Category: Breaking News)
- Post-War Reconciliation Process: Human Rights violation (Category: Breaking News)
- Tamil diaspora call on more countries to sanction GR, MR (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
By SHIHAR ANEEZ Tens of thousands of Sri Lankan individuals as well as corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state amid 65 percent inflation and turnover tax hikes that had already depleted disposable incomes. The higher income taxes are coming in […]
- Sri Lanka gambles on tax hikes; downside risks seen than gains (Category: Breaking News)
- Sri Lanka expands state workers 11-pct under revenue based fiscal consolidation (Category: Breaking News)
- Death and taxes: inevitabilities of life (Category: Breaking News)
- Budget, Taxation Turmoil and Policy Blunders – Part II (Category: Breaking News)
[…]The post Sri Lanka’s Economic Crisis: Social Security In A Stake appeared first on Colombo Telegraph.
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Incorporating Human Security Doctrine For Sri Lanka’s Present Day Context (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
At least 5.7 million people (26% of the population) in Sri Lanka require humanitarian assistance at the moment, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) says.The post At least 5.7 Million people in Sri Lanka require humanitarian assistance – UN agency appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- At least 5.7 Mn people in Sri Lanka require humanitarian assistance- UN agency (Category: Breaking News)
- UNFPA appeals for over 10 million dollars to assist Sri Lanka’s vulnerable women (Category: Breaking News)
- UN official to highlight Sri Lanka’s humanitarian needs during upcoming visit (Category: Breaking News)
- Australia to provide 25 mn USD in additional emergency aid to Sri Lanka (Category: Breaking News)
The Supreme Court of Sri Lanka has granted leave to proceed with the two fundamental rights (FR) petitions filed against former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa, former Finance Minister Basil Rajapaksa and several others.The post Supreme Court grants leave to proceed with two petitions filed over economic crisis appeared first on Sri Lanka News - Latest Breakin...
- SC grants leave to proceed with two petitions filed over economic crisis (Category: Breaking News)
- SC dismisses two petitions challenging restructuring of SLT (Category: Breaking News)
- Sri Lanka Supreme Court grants leave for news website employees to proceed with FR petitions (Category: Breaking News)
- Tariff case dismissed (Category: Breaking News)
Sri Lanka economic crisis aggravated after the collapse of rupee in March 2022
- Travel ban sought on ex-Sri Lanka PM, Basil, Lakshman, Cabraal, Attygalle (Category: Breaking News)
- Supreme Court grants leave to proceed against GR, MR, Basil and other VIPs (Category: Breaking News)
- Gotabaya, Mahinda, Basil and 36 others to face legal action? (Category: Breaking News)
- Supreme Court finds Rajapaksa brothers guilty over economic crisis (Category: Breaking News)
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
ECONOMYNEXT –Overall selling prices of apartments in Sri Lanka increased by 45.17 percent when compared to June 2021, according LankaPropertyWeb’s housing price index.Devaluation of the Sri Lankan rupee against the US dollar which has resulted in shortages of raw materials for construction
- Selling price in Sri Lanka’s apartments increase by over 47 pct: property tracker (Category: Breaking News)
- Sri Lanka inflation declines marginally in May (Category: Breaking News)
- Sri Lanka inflation remains low, Central Bank maintains interest rates (Category: Breaking News)
- Sri Lanka Inflation moved up in February due to flood damage, Central Bank says (Category: Breaking News)
The website also recorded a surge in search traffic from countries such as the UK, Australia, US, Canada and UAE.
- Woman immolates self in Grandpass (Category: Breaking News)
- Cash Chief (Category: Business)
- US warns its citizens of Monday's demos in Lanka (Category: Breaking News)
- Underworld was behind the recent Colombo museum heist (Category: Breaking News)
[…]The post The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless appeared first on Colombo Telegraph.
- Commission Of Inquiry: Testify At Your Own Peril (Category: Breaking News)
- Kapila Jayasekera: Killer-In-Chief In Both ACF & Five Students Cases (Category: Breaking News)
- Looking To The Past: The Political Cultivation Of An Obliging Judiciary To Violate Rights (Category: Breaking News)
- Antics Of Rajapaksa’s Viceroy In The Volatile North (Category: Breaking News)
[…]The post Impunity In Times Of Uncertainty appeared first on Colombo Telegraph.
- Kapila Jayasekera: Killer-In-Chief In Both ACF & Five Students Cases (Category: Breaking News)
- Ranil Wickremesinghe’s Democratic Credentials? A Test, A Challenge! (Category: Breaking News)
- Commission Of Inquiry: Testify At Your Own Peril (Category: Breaking News)
- The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless (Category: Breaking News)
Views of Milton Friedman, Robert Mundel and how John Greenwood and Alan Walters set up the Hong Kong currency board
- Milton Friedman’s views on currency boards explained by Hanke amid Sri Lanka soft-peg crisis (Category: Breaking News)
- Sri Lanka continues to soft-peg in May intervening in both directions (Category: Breaking News)
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- Sri Lanka rates elevated amid failed float and DDR fears (Category: Breaking News)
[…]The post A Prescription For Prime Minister Ranil Wickremesinghe appeared first on Colombo Telegraph.
- The National List & The House Of Duds (Category: Breaking News)
- The Govt.’s ‘Independents’ & The Vote On The Opposition’s NCMs (Category: Breaking News)
- Important But Imperfect: Recommendations On The Draft 21st Amendment To The Constitution Bill (Category: Breaking News)
- Is Unelected President Ranil A Vicious Hypocrite? (Category: Breaking News)
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
- Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
- Changing Pillows To Cure Headaches: Concepts, Solutions & Actions (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess (Category: Breaking News)
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
- Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
Global rating agency Standard and Poor’s has lowered the long-term foreign currency sovereign credit rating on Sri Lanka to “SD” (selective default) from “CC” as the crisis-hit Island nation missed an interest payment on bonds. On April 18, Sri Lanka missed interest payments on its $1.25 billion international sovereign bonds maturing in 2023 and 2028. “We do […]
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch Ratings downgrades ratings of seven Sri Lankan insurers (Category: Breaking News)
- S&P Global cuts Sri Lanka’s bonds ratings (Category: Breaking News)
- S&P marks Sri Lankan bonds as ‘default’, deepening junk status (Category: Breaking News)
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
- Improving Sri Lanka’s business climate (Category: Business)
- Sri Lanka Economic Summit to examine ease of doing business (Category: Business)
- Creating digital inclusion and regional connectivity (Category: Business)
- From science to commercialisation (Category: Business)
By Cheranka Mendis The tea industry’s export target of achieving revenue of US$ 5 billion from the present US$ 1.5 billion by 2020 is an overly ambitious one that is likely to be impossible to achieve, Colombo Tea Traders Association Chairman Jayantha Keragala said on Friday at the association’s 118th AGM. Keragala stated that the ...
- Tea traders call for a wage cut (Category: Business)
- Tea tales (Category: Business)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
- Tea industry ends 2011 on a mixed note (Category: Business)
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
- Subsidized student loan scheme through commercial banks in addition to existing interest-free st... (Category: Breaking News)
- Banks lift overseas spending limits imposed on credit cards as dollar liquidity improves (Category: Breaking News)
- Ten problems; one solution (Category: Business)
- Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age (Category: Breaking News)
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
- A resolute Sri Lankan economy (Category: Business)
- Robust Roadmap! (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- CB says S&P’s revision unwarranted (Category: Business)
The Standard Chartered Bank (SCB) has opined the Central Bank’s forecast of $ 25 billion foreign inflow as “optimistic” given external headwinds whilst cautioning that pressure was mounting on the rupee given the rising import demand. This view along with weaker GDP forecast is contained in SCB's latest country update titled 'A challenging year ahead' ...
- Economic growth to rebound in 2013: SCB (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Standard Chartered revises Sri Lanka credit outlook to stable from positive (Category: Business)
Research issue Sri Lanka’s growth cannot be examined in isolation. This is because its economy is intricately interwoven to its neighbours and other countries through commercial, political and cultural links. The sustainability of any growth strategy adopted by the country will depend on the stability of different partnerships and the ability of the country to ...
- Lanka woos UAE business (Category: Business)
- CCC Chief calls for new wave of reforms (Category: Business)
- Sri Lankan F&B industry: What’s next? (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
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