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An international consultant has been appointed to guide the restructuring process of SriLankan Airlines, Minister of Port, Shipping and Aviation Nimal Siripala de Silva said. The Minister said the consultant is expected to bring expertise and best practices to guide the restructuring efforts. Sri Lanka’s aviation sector has reported a substantial profit of Rs. 22 […]
President Ranil Wickremesinghe has ordered Police protection for Israelis in Sri Lanka and also condemned the unprecedented attack by Hamas on Israel killing a large number of civilians. The President told the Cabinet that there are several Sri Lankans working in Israel and the Ministry of Foreign Affairs must locate them and ensure their safety. […]
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
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.
Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances.The post Sri Lanka aims to streamline tax structure, boost
[…]The post The Courts Would Be The Better Option For Undemocratic Actions To Be Contested appeared first on Colombo Telegraph.
By Jehan Perera The government has allocated Rs 11 billion in the provisional budget for next year for the presidential elections due in September. This is a positive indication that the government intends to hold those elections. Free and fair elections being held when due is a core concept of a functioning democracy. This was […]
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
By N Sathiya Moorthy First, it was former Central Bank Governor Dr Indrajith Kumaraswamy. He was the chosen man of President Ranil Wickremesinghe, the then Prime Minister, for the job after his previous choice from Singapore, Arjuna Mahendran, scooted away in the light of the ‘bonds scam’ expose. The man is yet to be traced, for […]
“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 […]
Thursday 14th September, 2023 Everyting is weaponised in politics and war, and not even corpses are spared. A long time before the advent of biological warfare in its present form, Mongolian warrior-ruler, Genghis Khan, used infectious agents as a military weapon. Historical records reveal that he had rotting corpses catapulted into the fortresses his army […]
Daily automated price revising system will be implemented at all fuel stations under Ceylon Petroleum Corporation (CEYPETCO) in Sri Lanka from next year, Minister of Power and Energy Kanchana Wijesekera said.The post Sri Lanka to introduce daily automated fuel price revising system from 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel. The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation […]
Monday 4th September, 2023 Sri Lankans with a predilection for gratuitous violence or wanton brutality no longer have to spend money to watch western gangster movies. Local television news bulletins are full of actual scenes of violence; they are in fact scarier than taut Hollywood thrillers such as Tarantino’s Reservoir Dogs. Sicarios of local gangsters […]
ECONOMYNEXT –The QR code-enabled fuel rationing system that was in operation Sri Lanka for well over a year is to be suspended effective September 01, Power & Energy Minister Kanchana Wijesekara said on Friday. The minister told reporters that consumers can purchase fuel without scanning their QR code from now on.In the wake of Sri […]
AFP:Sri Lanka’s police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they stormed the island nation’s presidential compound last year. Constable R. M. D. Dayaratne was deployed to help protect the colonial-era residence on the day it was taken over by protesters who forced then-president Gotabaya […]
Sri Lanka’s police force said on Friday that it had sacked an officer who entertained protesters with an impromptu piano performance after they stormed the island nation’s presidential compound last year. Constable Dayaratne was deployed to help protect the colonial-era residence on the day it was taken over by protesters who forced then-president Gotabaya Rajapaksa […]
Sri Lanka has scrapped the fuel quota QR code system which was introduced last year owing to the economic crisis. Minister of Power and Energy Kanchana Wijesekera said that the QR code system has been scrapped with immediate effect. Accordingly, the Minister said that the system
The QR code based National Fuel Pass system will be discontinued in Sri Lanka with effect from today (September 01).The post Sri Lanka to discontinue QR code based National Fuel Pass from today (September 01) appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka
Fuel prices in Sri Lanka have been increased with effect from midnight on August 31, 2023.The post Sri Lanka increases fuel prices from August 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
In July 2022, Sri Lanka witnessed the inauguration of President Ranil Wickremesinghe amidst a severe economic and political turmoil, marking one of the most challenging crises since gaining independence in 1948. Preceding him, former President Gotabaya Rajapakse had been compelled to step down following widespread protests triggered by extended 12-hour power outages and ongoing scarcities […...
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
India’s External Affairs Minister S Jaishankar on Wednesday pledged continued development assistance in every possible area to Sri Lanka amid its ongoing economic crisis.The post India will continue developmental assistance to Sri Lanka in every possible area: Jaishankar appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post In Sri Lanka, Chaotic Social Security Reform Denies People’s Rights: “Aswesuma” Program Applies Complex & Arbitrary Targeting, Leaving Millions In Limbo appeared first on Colombo Telegraph.