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The Pathfinder Foundation has formed a Study Group of Experts to develop a blueprint and framework aimed at doubling Sri Lanka’s economic growth rate through accelerated economic integration and infrastructural connectivity with India. The framework document is expected to be formally launched in March 2024. Most economic forecasts place Sri Lanka on an average growth trajectory of 3% per […...
- Economic growth of 9.5% targeted by 2013. (Category: Breaking News)
- India aims for enhanced trilateral cooperation with Japan and Lanka (Category: Breaking News)
- Restructuring Power And Energy Sector Vital (Category: Business)
- Milinda blames halfhearted economic reforms over the years for current crisis (Category: Breaking News)
by Dr Upul Wijayawardhana Reading “From heyday to ‘hay day’”, the hard-hitting editorial laced with sarcasm (The Island, 18 December) and “Declining power and challenges before SLPP” by Shamindra Ferdinando in the Midweek Review of 20th December, I began wondering whether the recently concluded SLPP convention was the final flicker before the flame was extinguished […...
- Dons condemn suppression of Aragalaya movement (Category: Breaking News)
- SJB: JVP’s call for RW’s participation in proposed debate diversionary tactic (Category: Breaking News)
- SJB Leader wants action against not only Rambukwella but also 113 MPs who defeated no-faith motion (Category: Breaking News)
- Opposition calls SLPP bluff, challenges ruling party to defeat budget (Category: Breaking News)
Wednesday 27th December, 2023 Perhaps, nothing represents Sri Lankans’ resentment towards the new tax regime and the aggravation of their economic woes better than the title of today’s comment; it is a literal translation of a slogan written on the rear of a tuk-tuk. It however is relevant only to the ordinary people who pay […]
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- Revenue collection exceeds target for first quarter by more than Rs. 45 billion (Category: Breaking News)
- Govt. MP slams Finance Ministry over gaping holes in tax collection system (Category: Breaking News)
- Smokers, drinkers hit by index linked taxes (Category: Breaking News)
[…]The post Rebuild Trust To Achieve Success Even By 2048 appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Target 2048 – Private Sector Should Not Just Sit Aloof (Category: Breaking News)
- Target 2048 Requires Sri Lanka To Develop A Viable Creative Capital Base (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
by Jehan Perera The change that the country is looking for lies in the future. The change that the government has brought may have been sufficient unto the day, especially for the upper classes and the international community they fraternise with, but insufficient for the future progress and wellbeing of the masses of people. This […]
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- GMOA warns of impending crisis in health sector due to exodus of professionals (Category: Breaking News)
- More than 1000 docs migrated in 2022 (Category: Breaking News)
- CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-incom... (Category: Breaking News)
[…]The post IMF, Taxes & Social Revolution appeared first on Colombo Telegraph.
- NPP Deserves Fairness From Critics (Category: Breaking News)
- NPP & Bird Cage Economy (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
Israel has turned to India and Sri Lanka in its search for much-needed workers to revive its largely comatose construction industry, after the country deported thousands of Palestinian workers and revoked their work permits following Hamas’ Oct 7 attack on it. Around 82,000 Palestinians worked in the country’s construction industry prior to the assault, accounting for a third of the sector’s [R...
- Sri Lanka Navy detains 12 Indian fishermen (Category: Breaking News)
- Japanese farms recruiting workers from Sri Lanka (Category: Breaking News)
- Ship with two Sri Lankans hit by Houthi missile killing three seafarers (Category: Breaking News)
- First batch of Sri Lankan workers sent to Israel despite conflict (Category: Breaking News)
By Chanaka de Silva Indian businessman Gautam Adani’s wind energy project is to offer the lowest energy unit price in Sri Lanka. Sri Lanka is grappling with rising electricity generation costs, lacking the benefits seen in neighbouring countries with Independent Power Producers (IPPs). Inadequate transmission planning revealed by grid failures contrasts with advanced private setups […]
- Adani and Sri Lanka discuss progress on renewable energy project (Category: Breaking News)
- BoI issues letter approving Adani’s renewable energy project (Category: Breaking News)
- Gautam Adani reviews status of investments in Sri Lanka (Category: Breaking News)
- Adani to complete Sri Lanka energy project by December 2024 (Category: Breaking News)
[…]The post Is True “System Change” In Sri Lanka Only A Fantasy? appeared first on Colombo Telegraph.
- True Meritocracy Not The Sham Of All Party Mediocracy (Category: Breaking News)
- Forced Cremation Of Covid Victims – A Final Authoritative Word (Category: Breaking News)
- Forced Cremation Of Covid Victims – A Final Authoritative Word (Category: Breaking News)
- The Malicious “Shafi Frame Up”: Will 2023 See The Guilty Being Punished? (Category: Breaking News)
The Samagi Jana Balawegaya (SJB) has cautioned the Wickremesinghe-Rajapaksa government against counting loans received from the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) as external buffers as they have to be paid back.The post Samagi Jana Balawegaya warns against counting foreign loans as part of forex reserves appeared first on ONLANKA - Sri Lanka Latest Brea...
- SJB warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- Harsha rubbishes President’s claim LG polls cannot be held (Category: Breaking News)
- Ready to support all-party govt, Harsha says (Category: Breaking News)
- Public Finance Committee Chief Harsha De Silva demands President publicize IMF conditions (Category: Breaking News)
The Inland Revenue Department yesterday (21) issued the list of goods and services that would be exempted from the enhanced Value Added Tax (VAT) regime that comes into effect from 01 January 2024. The list of items included Wheat and wheat flour; infant milk powder; Pharmaceutical Products and Drugs (other than cosmetics) whose end use […]
- Tech Focus (Category: Business)
- Mobile Awareness (Category: Business)
- Tele Tracks (Category: Business)
- Post Loss (Category: Business)
Spectacle of the past week was the SLPP Convention held at the Sugathadasa Stadium. Of course, the crowds were present – transported from outstations since nobody thirsting for some free frolic will stay home when offered transport and food and probably more than a tot just to swell the audience. The usual paeons were sung […]
- Stop intimidating judiciary,end undermining democracy,hold elections (Category: Breaking News)
- Adults leave for jobs abroad; children become vulnerable to abuse: NCPA (Category: Breaking News)
- Sirisena seeks divine intervention to bring about political stability (Category: Breaking News)
- Dawson Bungalow (Category: Breaking News)
The SJB has cautioned the Wickremesinghe-Rajapaksa government against counting loans received from the IMF, World Bank and ADB as external buffers as they have to be paid back. SJB MP Dr. Harsha de Silva said loans secured from whatever sources weren’t earned reserves. The former UNP State Minister and economist said so when we sought […]
- Samagi Jana Balawegaya warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- Initial consensus among MPs on recovery plan (Category: Breaking News)
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Udaya wants public, private sector workers paid on weekly basis in view of economic crisis (Category: Breaking News)
Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948.The post Sri Lanka sees forex reserves exceeding $4 billion after fresh funding appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Exclusive: Sri Lanka expects up to $8 billion more in loans, asset restructuring (Category: Breaking News)
- India to allow Sri Lanka to repay debt over 12 years (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- Samagi Jana Balawegaya warns against counting foreign loans as part of forex reserves (Category: Breaking News)
Former President and Sri Lanka Podujana Peramuna (SLPP) leader Mahinda Rajapaksa has slammed the tax policies of President and United National Party (UNP) leader Ranil Wickremesinghe. The SLPP is part of Ranil Wickremesinghe’s Government but is expected to contest separately at the next elections. Issuing a statement, Rajapaksa said that around 40 professional associations and […]
- Sri Lanka’s former President says Tax policy will become a major political issue in 2024 (Category: Breaking News)
- President orders Police protection for Israelis in Sri Lanka (Category: Breaking News)
- Ranil leading talks to form all-party Government (Category: Breaking News)
- President seeks Sajith’s support to address key issues (Category: Breaking News)
Pintanna Holdings, a pioneer in the Sri Lankan Agarwood plantation sector, is making significant strides. The inauguration of the newly constructed multi-purpose building, equipped with modern technology at Pintanna Estate, coincided with the official unveiling of Pintanna’s commemorative cover launch. Additionally, the company has introduced its second Agarwood Investment Rewards to ...
- Sri Lanka seeks investments from Russian businessmen (Category: Breaking News)
- JICA prepared to resume funding projects in Sri Lanka (Category: Breaking News)
- Sinopec to operate 200 filling stations in Sri Lanka (Category: Breaking News)
- Singer Sri Lanka Recognized as a Strategic Alliance Partner at Sony’s Annual BPC in Singapore. (Category: Breaking News)
Former President of Sri Lanka, Mahinda Rajapaksa stated that tax policy will become a major political issue in 2024 after the VAT increase in the 2024 budget.The post Sri Lanka’s former President says Tax policy will become a major political issue in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Mahinda slams Ranil’s tax policies (Category: Breaking News)
- Reducing The Tax Burden (Category: Breaking News)
- CP Chief calls for re-alignment of political forces to thwart Ranil (Category: Breaking News)
- SC ruling on economic crisis: Parliament also responsible, says Foreign Minister (Category: Breaking News)
[…]The post Reducing The Tax Burden appeared first on Colombo Telegraph.
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Sri Lanka’s former President says Tax policy will become a major political issue in 2024 (Category: Breaking News)
- Mahinda slams Ranil’s tax policies (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
In actual fact the foundation for the current economic chaos was laid under the Yahapalana rule when they borrowed as much as USD 12 billion from the international bond market, at high interest rates, with them not even undertaking any developmental works, like the Rajapaksas, or, for that matter, any worthwhile economic activity. We certainly […]
- Readying for the big fight (Category: Breaking News)
- Talks underway with dissident SLPPers: Chief Opp. Whip (Category: Breaking News)
- Ranil – A Man With A Soul So Dead (Category: Breaking News)
- SJB asks Mahinda why he protects Ranil if SLPP plans to go it alone at next election (Category: Breaking News)
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CB eases monetary conditions by reducing its interest rates (Category: Breaking News)
[…]The post 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! appeared first on Colombo Telegraph.
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Keeping The Risen-Up Electorate Awake; An Imperative! (Category: Breaking News)
- Politics & Death Of Sanath Nishantha: Some Sombre Lessons & Reflections (Category: Breaking News)
- Beyond Ousting The Shamed ‘Suhartos’ Of Sri Lanka! (Category: Breaking News)
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances ... (Category: Breaking News)
- Proposed Enactment Of The Economic Transformation Bill (Category: Breaking News)
Sri Lanka is trying to attract Arab visitors by promoting the travels of the famed 14th-century explorer Ibn Battuta, Colombo’s envoy to Riyadh said on Saturday.The post Sri Lanka seeks to attract Arab visitors with Ibn Battuta’s trail appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka seeks to attract Arab visitors with Ibn Battuta s trail (Category: Breaking News)
- New employment scheme with Saudi Arabia sparks hope among Sri Lankan workers (Category: Breaking News)
- Sri Lanka looks to attract Saudi investment in tourism, energy (Category: Breaking News)
- Saudi Arabia launches skill verification program in Sri Lanka (Category: Breaking News)
By MEERA SRINIVASAN As Sri Lanka tries to rebuild its battered economy after last year’s devastating crisis, the country’s political scene is gradually heating up, in the run up to two national elections scheduled next year — parliamentary and presidential — that will give citizens
- What is Jathika Chinthanaya? (Category: Breaking News)
- AKD: JVP-led NPP will not undermine India’s national security (Category: Breaking News)
- AKD & The JVP-NPP Should Tick All The Boxes To Win, Not Risk A Third Defeat (Category: Breaking News)
- Feminist Revolt & Masculinity Pitfalls In The Bolshevik Camp: Sri Lanka’s Election Prelude (Category: Breaking News)
… explains how Parliament enacted harmful laws By Shamindra Ferdinando Veteran lawyer Kalyananda Thiranagama said that the ruling Sri Lanka Podujana Peremuna (SLPP) should be held responsible for backing President Ranil Wickremesinghe’s economic strategy meant to privatise the remaining state enterprises. Addressing a public gathering in Colombo, the liberal civil society activist emphasised that ...
- Kanchana’s warning to restrict fuel supplies irrelevant, all imports already disrupted-SJB (Category: Breaking News)
- SLPP defends PTA, calls for probe into ‘terror’ angle (Category: Breaking News)
- GR’s ouster: Speaker urged to name foreign elements (Category: Breaking News)
- President’s agenda on track (Category: Breaking News)
Sri Lanka's economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as the country claws its way back from its worst financial crisis in more than seven decades following a record fall in foreign exchange reserves.The post Sri Lanka’s economy returns
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s Economy suffers worst contraction in 2022 (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka’s economy shrinks 11.8% in second-worst performance (Category: Breaking News)
Sri Lanka and Thailand have agreed to sign the Sri Lanka-Thailand Free Trade Agreement (SLTFTA) in February, 2024, the Foreign Ministry announced yesterday (14).The Foreign Ministry said that to pave the way for the signing of the agreement, the negotiations on the agreement would be concluded by the end of this month. The announcement was […]
- Next round of talks on Sri Lanka-Thailand FTA in June (Category: Breaking News)
- Sri LankaÂThailand FTA likely to be signed in March 2024 (Category: Breaking News)
- Sri Lanka-Thailand free trade pact slated for 2024 (Category: Breaking News)
- Thailand-Sri Lanka free trade talks set to start next week (Category: Breaking News)
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- IMF to conduct bailout review for Sri Lanka in September (Category: Breaking News)
President Ranil Wickremesinghe told Parliament yesterday that Sri Lanka was set to come out of bankruptcy by securing of the second tranche of the International Monetary Fund’s (IMF’s) Extended Fund Facility. “We will now focus on securing the foreign aid that was suspended after we declared bankruptcy,” the President said, making a special statement to Parliament […]
- No objection from CB chief to tabling IMF deal:Speaker (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
- CBK: Proposed anti-corruption bill inadequate to end widespread problem (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
By Easwaran Rutnam in Adelaide The New Zealand High Commissioner to Sri Lanka Michael Appleton is to be appointed as Senior Foreign Affairs Adviser to New Zealand’s Minister of Foreign Affairs (and Deputy Prime Minister) Winston Peters. Appleton will return to New Zealand next month after completing his term in Sri Lanka. “I arrived in […]
- New Zealand insists Kiwis not advised against travelling to Sri Lanka (Category: Breaking News)
- New Zealand and Sri Lanka discuss potential areas of cooperation (Category: Breaking News)
- New Zealand assures Sri Lanka continuous assistance (Category: Breaking News)
- Fonterra provides free milk powder to 70,000 low-income families (Category: Breaking News)
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