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By Norman Palihawadane Justice for the victims of the Easter Sunday terror attacks can be served only when the rulers are established on the basis of law, the Asian Human Rights Commission has said. Director of AHRC, Attorney-at-Law Basil Fernando, addressing a press conference organised by the Collective of Catholic Lay Organisations (CCLO) in Colombo, […]
Airtel Sri Lanka today announced another landmark agreement with the Board of Investment of Sri Lanka (BOI) that will channel foreign currency investments towards the development of national telecommunications infrastructure, with emphasis on expansion and optimization of networks and IT systems. Accordingly, over the next two years, Airtel will be channeling its latest round of […]
At a time when enhancing profitability of public enterprises is an urgent need to boost the national economy of Sri Lanka, the revival and turnaround of Gal Oya Plantations (formerly known as Hingurana Sugar factory) by LOLC is an embodiment of how the nation’s assets can be enhanced
[…]The post Unmasking The Likes Of Cabraals; A National Imperative! appeared first on Colombo Telegraph.
Chinese Ambassador Qi-Zhenhong has assured their continuous support on the debt treatment and stabilising the economy of Sri Lanka, State Finance Minister Shehan Semasinghe said.The post China assures support on Sri Lanka’s debt treatment – State Minister Shehan appeared first on Sri
treatment and stabilization of the economy of Sri Lanka, the […]
[…]The post Continuing Corruption: Begging IMF: Increasing Taxes appeared first on Colombo Telegraph.
[…]The post Go Set A Watchman appeared first on Colombo Telegraph.
[…]The post Ranil’s Debt Driven Growth Strategy appeared first on Colombo Telegraph.
Sri Lanka is caught in a geopolitical cold war between China and India, analysts say
India's Jay Jay Mills already has factories employing 9,500 workers
President Ranil Wickremesinghe today assured the Administrator of the United States Agency for International Development (USAID), Samantha Power, that he will go through with the proposed electoral reforms. “We are also bringing in the new anti-terrorist legislation. I’m going to call the Parliament to say once and for all that they must agree on electoral […]
UNDP Sri Lanka launches two programmes calling young innovators to act on climate change International Youth Day (IYD) advocates for the participation of young people in actioning chang around the world. To commemorate the significance this year and to provide a platform to young leaders in Sri Lanka, the United Nations Development Programme (UNDP) in Sri Lanka launched two new calls for young ...
The Chairman of the Public Utilities Commission of Sri Lanka, Janaka Ratnayake says the price of fuel should be reduced further and not just by Rs. 20 as was announced last night. Issuing a statement, Janaka Ratnayake said that a transparent fuel pricing system must be introduced. “The price of petrol was reduced by 20 […]
Sri Lanka is to continue to stand by the ‘one China policy’ and support to protect China’s sovereignty and territorial integrity, the Foreign Ministry said today. The Foreign Ministry said that the assurance was given when the Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, at the Ministry […]
The economy of Sri Lanka contracted by 1.6 percent in the first quarter of the year 2022, the Department of Census and Statistics (DCS) says.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
Wickremesinghe also warned against being hyper-focused on the past.
Sri Lanka is to seek assistance from Paris Club lenders and the G7, Minister of Foreign Affairs Professor G.L. Peiris said. Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka. Minister Peiris explained that the Government of Sri Lanka will seek assistance […]
Johnson had made this assurance during a discussion held that afternoon.
It is necessary that the policymakers do not make the mistake of not listening to the experts in the industry
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) is forecasting the economy of Sri Lanka to grow by 2.6% this year down from 3.6% in 2021.
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
Strategic investments from high-growth economies such as India and China are propelling Sri Lanka into an important emerging Indian Ocean economy, opined Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath B. Wickrama.
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
Sri Lanka’s banking industry reflects a “very high risk” assessment of economic resilience and credit risk in the economy, and a “high risk” assessment of economic imbalances, says the Standards and Poor’s. The Rating agency in its latest Banking Industry Country Risk Assessment, assigned Sri Lanka’s Banking sectors economic risk score of ‘8’ and an industry ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...