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 […]

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.

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 […]

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 West has labeled China’s Belt and Road Initiative as a cohesive program, and the participating countries like Sri Lanka are looked upon with suspicion, President Ranil Wickremesinghe said on Thursday (28) at the Berlin Global Conference. “This will further hurt economic prospects in the global South, and the polarization will become more evident,” he […]

By SHIHAR ANEEZ ECONOMYNEXT –Sri Lanka’s second tranche of a $3 billion loan from the International Monetary Fund is likely to be delayed as the country has failed to meet the program objective and a global lender’s official said there is no fixed timeline on the disbursement of second tranche. Sri Lanka’s government revenue is likely […]

The Parliament is scheduled to meet from 3rd to 6th October. The parliamentary business related to this week has been decided at the Committee on Parliamentary Business chaired by Speaker Mahinda Yapa Abeywardena on 22nd of September. Accordingly, time from 09.30 a.m. to 10.30 a.m. on each day has been allotted for Questions for Oral […]

By Saman Indrajith Minister of Justice, Prisons Affairs and Constitutional Reforms, Wijeyadasa Rajapakshe will present the Anti-Terrorism Bill, while Minister of Public Security, Tiran Alles, will present the Online Safety Bill to Parliament on 03 October. Below are the bills to be debated during the Parliament week. On Tuesday, 03 October 2023, from 10.30 am […]

President Ranil Wickremesinghe delivering the opening speech at the ‘Berlin Global’ Dialogue in Berlin, Germany, today (28), expressed the need for a comprehensive dialogue between Western nations and China, the United States of America and China and the European Union and China, as a critical component of a robust international plan capable of addressing the […]

By Shamindra Ferdinando Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (25) questioned the conduct of some MPs who sought to direct public anger at officials over the economic crisis. Alleging that such an attempt had been made last year in the wake of attacks on politicians

[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO  appeared first on Colombo Telegraph.

Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]

“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]