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- colombogazette.com - Category : Breaking News - Relavancy : 0.080994114

In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.080994114

[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.

- colombogazette.com - Category : Breaking News - Relavancy : 0.16428605

By Y P Prakash Sri Lanka is a nation that has been plagued by political instability in recent years. The country has faced several political and economic crises, and there are concerns that it may plunge back into turmoil in early 2023. The postponement of the local government elections scheduled for early 2023 has raised […]

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- island.lk - Category : Breaking News - Relavancy : 0.37814003

Wednesday 1st March, 2023 Sri Lanka finds itself in the same predicament as a gang rape victim being forcibly kept in the custody of her rapists. Those who are responsible for stealing public funds, mismanaging the economy and bankrupting it continue to be in power. Worse, while living

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- colombogazette.com - Category : Breaking News - Relavancy : 0.11570588

Hatch has joined forces with Draper Startup House to unveil Colombo’s first-ever co-living space. The space marks the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during his recent visit to Sri Lanka. Through this initiative, Hatch serves to encourage digital nomad […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08962539

[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution  appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.12418858

Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]

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- colombogazette.com - Category : Breaking News - Relavancy : 0.31511667

By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy

- island.lk - Category : Breaking News - Relavancy : 0.08279239

By C. A. Chandraprema We now live in a digital world dominated by the social media, where information or disinformation coming through our mobile phones has more to do with forming public opinion than the plainly visible and palpable reality and well-established facts and data. Sri Lanka recently marked the 75th Anniversary of its Independence in […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.041396193

[…]The post Ballot Or Bloodbath? appeared first on Colombo Telegraph.

- colombogazette.com - Category : Breaking News - Relavancy : 0.051745243

The sixth “Operation Dost” flight has landed in Turkey, carrying emergency supplies, rescue personnel, sniffer dog squads, medicine and medical equipment, and other relief material. The devastating earthquake that inflicted huge loss of life and property has thrown normal life out of gear in both Turkey and Syria. Within hours, India responded with disaster relief […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.31511667

The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines

- colombogazette.com - Category : Breaking News - Relavancy : 0.12547554

Colombo [Sri Lanka], February 2 (ANI): External Affairs Minister S Jaishankar’s visit to Sri Lanka is being seen as a harbinger of positive developments and an improved economic and financial situation for the island nation. Jaishankar during his visit to Sri Lanka reasserted India’s pursuit of the ‘Neighbourhood First’ policy and the belief in not […]

- island.lk - Category : Breaking News - Relavancy : 0.07317882

Thursday 9th February, 2023 President Ranil Wickremesinghe, who presented his government’s policy statement in Parliament, yesterday, sounded like a seasoned insurance sales agent with glib phrases rolling off his experienced tongue; he sought to scare the public and infuse them with hope, at the same time, to sell his policies. The knee-jerk reaction of the […]

- onlanka.com - Category : Breaking News - Relavancy : 2.2726164

Sri Lanka has the potential to establish the green economy, specially by way of renewable energy, said President Ranil Wickremesinghe addressing a High-Level event on Strategies and Actions to Accelerate Sri Lanka’s Transition to a Green Growth Pathway.The post Sri Lanka has initiated an action

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.06273777

[…]The post Seventy Five Years Of Independence Or Curse appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.06209429

Neither the Cardinal, Bishops nor any representative from Sri Lanka’s Catholic Church would participate in the 75th Independence Day celebrations, on Saturday (February 04), as it is a ‘crime’ and waste of funds that is being committed against the citizens of Sri Lanka, Spokesman for the Archdiocese of Colombo, Rev. Fr. Cyril Gamini Fernando stated.The post Sri Lanka’s Catholic Church to boy...

- onlanka.com - Category : Breaking News - Relavancy : 0.07317882

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.The post ‘We’ll end up like Sri Lanka’: Pakistan stares at economic collapse as IMF visits appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- onlanka.com - Category : Breaking News - Relavancy : 0.087814584

Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...

- island.lk - Category : Breaking News - Relavancy : 0.043907292

By Zinara Rathnayake My mother is a good cook. My father is just slightly better. That’s how my younger sister would always describe my parents’ food. She’s right. My mother cooked delicious curries. But my father cooked the food we hold dear.My father grew up in Nabiriththawewa, a small village in Kurunegala. Unlike his two older […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.072443336

President Ranil Wickremesinghe has said that India’s response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka, which is trying to secure a USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to to get financial assurances from its major creditors […]

- onlanka.com - Category : Breaking News - Relavancy : 0.07317882

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...

- island.lk - Category : Breaking News - Relavancy : 3.6361864

By Dr. C. S. Weeraratna (csweera@sltnet.lk) Sri Lanka is facing an unprecedented crisis mainly due to economic mismanagement and corruption in the various development sectors. During the last few weeks, at various discussions related to the country’s economy, the need to take effective action

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- island.lk - Category : Breaking News - Relavancy : 0.043907292

Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.06273777

[…]The post The Case For (And Against) Anura Kumara Dissanayake appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.10755047

Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- colombogazette.com - Category : Breaking News - Relavancy : 0.08279239

Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]

- island.lk - Category : Breaking News - Relavancy : 0.31511667

(AFP)Sri Lanka on Thursday welcomed the first Russian travellers aboard a new flight service that was launched after the bankrupt nation urged Moscow to help revive its beleaguered economy by sending tourists. Russia was Sri Lanka’s biggest source of visitors at the start of the year but arrivals

- island.lk - Category : Breaking News - Relavancy : 0.06209429

Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.06942353

[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.

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