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The Minister of Labour and Foreign Employment Manusha Nanayakkara, highlighted the significant improvement in the country’s foreign reserves under the leadership of President Ranil Wickremesinghe.The post Government abled to increase foreign reserves to USD 3.6 Billion – Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka thanked India for the assistance given to overcome the challenges the country faced during the economic crisis. At the invitation of the Speaker of the Lok Sabha of the Indian Parliament Om Birla, a 16-member multiparty delegation led by the Speaker of the Sri Lanka Parliament
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
The United Nations (UN) recalled the lessons it learnt from the war in Sri Lanka where it was accused of failing to prevent the deaths of thousands of civilians. UNICEF Spokesperson James Elder told reporters in Geneva that he learnt a lot when he was in Sri Lanka in 2007-2008. He recalled that the UN […]
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 […]
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.
[…]The post Reducing The Tax Burden appeared first on Colombo Telegraph.
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 […]
[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 […]
The Civil Society Initiative on Anti-Corruption Reform for Economic Recovery, comprising Transparency International Sri Lanka (TISL), Verité Research, the Centre for Policy Alternatives (CPA), Sarvodaya, People’s Action for Free and Fair Elections (PAFFREL) and the National Peace Council (NPC) (the CSI Core Group) has reiterateed its view that governance and anti-corruption priorities that have be...
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared
[…]The post Lending In A Recession: Banks Should Do Venture Capital Financing For Startups appeared first on Colombo Telegraph.
[…]The post 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! appeared first on Colombo Telegraph.
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
By Uditha Devapriya On Tuesday, December 12, the UN General Assembly passed a resolution demanding a humanitarian ceasefire in Gaza. The United States was one of 10 countries to oppose, the others including Guatemala, Nauru, and Paraguay, and of course Israel. New Zealand, Canada, and Australia were among the 153 countries to vote in favour, […]
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
[…]The post We Must Be More Engaged: Climate Change Effects Are Unlikely To Be Kind! appeared first on Colombo Telegraph.
… 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 ...
Sri Lanka’s public security minister, Tiran Alles, is the first sitting Sri Lankan Minister to be identified in the International Consortium of Investigative Journalists’ Pandora Papers data trove as having offshore holdings. An ICIJ analysis of the leaked records and U.K.’s public property register shows that Alles, a media tycoon and politician, owns two British […]
The United States of America has welcomed the positive completion of the International Monetary Fund’s (IMF) first review of the Extended Fund Facility (EFF) with Sri Lanka.The post United States welcomes IMF board approval for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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...
Launch of 2024 Asia-Pacific Human Development Report The narrative of human development in Asia and the Pacific has been one marked by advancement, inequality, and unforeseen challenges. Against this backdrop, the launch of the United Nations Development Programme (UNDP)’s 2024 Asia-Pacific Human Development Report in November, represents a crucial step in revitalising human development amidst [&#...
President Ranil Wickremesinghe has revealed that several international parties have expressed their willingness to climb aboard Sri Lanka s initiatives to tackle the looming climate crisis.
Sri Lanka currently imports most of its energy needs, including oil, coal and hydrocarbons. To ease the economic burden, the island nation aims to generate 70% of its electricity from renewable sources by 2030.The post Sri Lanka approves nuclear power plant construction with Russia as top contender appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review
By Shamindra Ferdinando One-time Foreign Secretary Kshenuka Senewiratne and Admiral Ravindra Chandrasiri Wijegunaratne (Rtd.) on Dec 04, 2023 assumed duties at the Sri Lankan High Commission in New Delhi and Islamabad, respectively. It would be pertinent to mention that Wijegunaratne previously served as the First Secretary/Defence Advisor of Sri Lanka High Commission in New Delhi […]
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million […]
[…]The post Intrusions From Departed Relatives During “Bed-Business” appeared first on Colombo Telegraph.
[…]The post Ground Discontents Not Removed By Reconciliation Moves appeared first on Colombo Telegraph.