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[…]The post President Ranil Wickremesinghe’s Policy Statement – Full Text appeared first on Colombo Telegraph.
President Ranil Wickremesinghe told Parliament today that he will continue with his unpopular decisions. Making his throne speech, Wickremesinghe said that he is not here to be popular. He said that the unpopular decisions he takes will have positive results in the years to come. The President said that Sri Lanka expects to recover from […]
New Zealand insisted today that Kiwis have not been advised against travelling to Sri Lanka. The New Zealand High Commissioner to Sri Lanka, Michael Appleton, tweeted saying New Zealand recognises how important international tourism is to Sri Lanka’s economic recovery. “We have two types of travel advisory that advise New Zealanders against going to a […]
[…]The post A Reflection: 75 Years Of Independence Lacked By The People Of Sri Lanka appeared first on Colombo Telegraph.
China’s efforts to gain the space it lost in Sri Lanka to India have hit yet another stumbling block after it vehemently opposed the invitation to Tibetan Buddhist spiritual guru Dalai Lama. Sri Lanka is a Buddhist-majority country and China’s record of treatment of religious minorities especially Tibetan Buddhists has not been good. China’s image […]
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 ...
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
India and Sri Lanka have been able to address the impact of a Chinese surveillance vessel’s visit to Hambantota port last year and Colombo is looking to New Delhi to help drive economic recovery through investments in key sectors such as energy, Sri Lankan envoy Milinda Moragoda said.The post Jaishankar’s visit reset bilateral relations, says Sri Lankan envoy appeared first on Sri Lanka News...
Any government which was detached from people's true aspirations cannot bring in economic recovery through measures such as imposing taxes, National People Power (NPP) leader Anura Kumara Dissanayake said yesterday.The post Government detached from people’s aspirations cannot bring in economic recovery – Anura appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLAN...
Former Finance Minister, United National Party’s (UNP) Colombo district Leader Ravi Karunanayake alleged that the country went bankrupt not because of the governments, but because of the actions of the Central Bank (CB) and its officials.The post Ravi Karunanayake points finger at Central Bank for country’s woes appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA N...
ECONOMYNEXT – Sri Lanka should avoid the Local Government polls and put more effort in to carry on necessary reforms and bring the country to a stable state, State Minister of Tourism Diana Gamage said. Most of the ruling coalition members as well as President Ranil Wickremesinghe are not in favour of elections amid speculations […]
Indian Minister of External Affairs, S. Jaishankar, said in Colombo on Friday that the energy security is one of Sri Lanka’s most serious challenges and a solution must encompass the larger region.He said Sri Lanka has enormous renewable energy potential that can become a sustainable source of revenue while Trincomalee can be an energy hub. […]
Suggests making Trinco an energy hub Energy security is one of Sri Lanka’s most serious challenges and a solution must encompass the larger region, S. Jaishankar, Minister of External Affairs of India, said yesterday, in Colombo.He said Sri Lanka has enormous renewable energy potential that can become a sustainable source of revenue, while Trincomalee can […]
Indian External Affairs Minister Dr. S. Jaishankar had talks with former President Mahinda Rajapaksa before concluding his visit to Sri Lanka. Rajapaksa tweeted saying he had a successful discussion with Jaishankar and that they discussed a range of issues of mutual interest. “Also thanked the Indian govt. for it’s steadfast commitment in assisting Sri Lanka during […]
Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.The post Sri Lanka expects
Indian External Affairs Minister S. Jaishankar said today that India has extended financing assurances to the IMF to clear the way for Sri Lanka to move forward because India felt strongly that Sri Lanka’s creditors must take proactive steps to facilitate its recovery.The post Sri Lanka’s creditors must take proactive steps to facilitate its recovery: Jaishankar appeared first on Sri Lanka N...
by Chithra Ramakrishnan Respected and revered by the whole world, spiritual and religious leader of Tibet, the Nobel Peace Prize winner, His Holiness the Dalai Lama arrived in Bodhgaya recently. For the past few years His Holiness the Dalai Lama arrives in Bodhgaya at the end of the year as per an invitation extended by […]
In view of delay in assurance from bilateral creditors so as to fulfil the criteria of getting a bailout package of USD 2.9 Billion from the IMF, Sri Lanka is in talks with the World Bank and the Asian Development Bank to obtain loans worth of USD 1.9 billion. According to the Governor of the […]
Sri Lanka’s Catholic Church urged the country Friday to criminally prosecute its former leader for negligence, a day after the top court ordered him to pay compensation to the victims of the 2019 Easter Sunday bomb attacks that killed nearly 270 people.The post Sri Lanka church seeks criminal justice for Easter bombings appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...
MS. H.K. GAYATHRI WICKRAMASINGHE The 17th Pravasi Bharatiya Divas Convention will kick off on Sunday, January 8, and continue on Monday, January 9, 2023, in Indore, Madhya Pradesh. The curtain will come down on the 10th of January. The theme of the PBD is “Diaspora: Reliable Partners for India’s Progress in Amrit Kaal.” Amrit Kaal […]
[…]The post President RW’s Priority In 2023 appeared first on Colombo Telegraph.
By Easwaran Rutnam Celebrations took place around Sri Lanka last night, especially in Colombo, as hundreds gathered to welcome 2023. New Year’s Eve events at hotels in and around Colombo were sold out while some shopping malls that remained opened late into the night were also packed. Hundreds of people also gathered at Galle […]
An estimated 5.7 million people (26 per cent of the population) or more are now in need of humanitarian assistance, with at least 4.9 million (22 per cent) being food insecure, a situation report by International Federation of Red Cross And Red Crescent Societies (IFRC) said. The report issued on December 28 said the current […]
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared
By Meera Sirinivasan Sri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund (IMF), according to Central Bank Governor P. Nandalal Weerasinghe. In September, the IMF reached a staff level agreement with Sri Lanka for a $2.9 billion package to help the island nation […]
Restrictions imposed on the import of 10 items have been revoked with effect from today (December 20).The post Import restrictions on 10 items lifted appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Ajlan and Bros Holding Group, one of the largest private sector conglomerates in the Middle East, is to jointly develop the Colombo Port City together with CHEC Port City Colombo Private Limited. Ajlan has established its presence in more than 25 countries around the world, with 75 companies in the fields of power, environment, industrial […]
Originally planned for August 2022, the much-awaited Lanka Premier League (LPL) 2022 commenced on 6 December 2022. The league was postponed because of the economic and political turmoil in the island nation.The post Lanka Premier League will boost economy, tourism – Minister Harin Fernando appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The 20th Communist Party Congress of China may put a hold on the Chinese restructuring talks with Sri Lanka to secure the $2.9 billion facility to revive the ailing economy. The deadline was set for December, but it may be extended to January, according to the Central Bank of Sri Lanka. China is the main […]