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[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
PLACES, PEOPLE & PASSIONS (3Ps) Part five Dr. Chandana (Chandi) Jayawardena DPhil President – Chandi J. Associates Inc. Consulting, Canada chandij@sympatico.ca Profile Simon is the founder and Precedent Partner of ‘Simon & Associates’, a well-established corporate law firm. He was the first Managing Director of ‘Walkers Tours’ the leisure arm of John Keells and led […]
By Y P Prakash India’s Strategic Lunar Missions Contrast with Sri Lanka’s Costly Ventures and Underutilized Infrastructure, Highlighting Investment Priorities and Technological Futures Over the course of several years, the investment in India’s space exploration missions has seen both accomplishments and financial considerations. In 2008, the pioneering Chandrayaan-1 mission was ...
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth.The post Sri Lanka Holds Rates After Bank Cash Ratio Cut for Growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
The Indian budget carrier SpiceJet commenced flights between Madurai in India and Colombo on Sunday (20). The budget carrier will operate flights between India’s Madurai and Bandaranaike International Airport (BIA) at Katunayake days a week, except on Wednesday. While announcing the matter, SpiceJet said that, “We hope the direct flight will help boost tourism between […]
Sri Lanka President Ranil Wickremesinghe highlighted that the tourism industry stands as the paramount sector capable of swiftly advancing the country’s economic objectives.The post Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Ranil Wickremesinghe has mooted the ‘Greater Yala’ concept which will promote Yala and areas around it. Speaking after inaugurating the Hilton Yala Resort, the President said that Yala must be promoted as a unified tourist destination by incorporating nearby areas. “Why are you going to call these places Udawalawe, Kumana and all? These are […]
India is hoping to strengthen trilateral cooperation with Japan and Sri Lanka, focusing on new avenues of collaboration while jointly working on debt restructuring for Colombo. Speaking at the India-Sri Lanka-Japan Trilateral Cooperation Event, co-hosted by NatStrat, VIF, Pathfinder, and CII, Puneet Agrawal in New Delhi, Joint Secretary of the Indian Ocean Region in the […]
Tuesday 15th August, 2023 The Professional Chef’s Association Sri Lanka (PCASL) made a fervent appeal over the weekend on behalf of everyone engaged in tourism. Pointing out that unfortunate instances abounded where foreign tourists faced exploitation at the hands of various persons, it stressed that the foreign guests helped boost the country’s economy and deserved […]
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
[…]The post How I Have Used Obeyesekere In My Teaching appeared first on Colombo Telegraph.
Despite heavy taxes and increased tax collection, the government budget deficit for the period end May 2023 has increased to Rs. 1,015 billion which is 59% increase against 2022 end May figures. (See table) Another negative feature is that due to heavy taxes and very high bank interest rates, the economy has not grown and […]
Iran has voiced readiness to share its scientific and technological knowledge and expertise with “friendly” countries, including the South Asian island nation of Sri Lanka. Iranian President Ebrahim Raisi made these remarks on Sunday in a meeting with Sri Lanka’s Foreign Minister Ali Sabry in Tehran. According to a communique issued by his office, Iran’s […]
Iran has voiced readiness to share its scientific and technological knowledge and expertise with “friendly” countries, including the South Asian island nation of Sri Lanka.The post Iran ready to share scientific knowledge with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential economic growth in heavily polluted areas of the world by one-third. It […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
Iran and Sri Lanka agreed to take action regarding the release of prisoners of the two countries in a humane way in the near future, the Iranian Foreign Minister said. Today the potential of the Asian continent has attracted the attention of the world powers, and Asian countries, Iranian Foreign Minister Hossein Amir-Abdollahian said in his […]
Sri Lanka is in talks with a Singapore based company to transform Colombo and give it a new look. President Ranil Wickremesinghe said that the vision to transform Colombo into a beautiful city is already in motion, with plans provided by Surbana Jurong. Surbana Jurong Group is a global urban, infrastructure and managed services consulting […]
Joining China’s Belt and Road Initiative (BRI) project four years ago was a “hasty and disastrous” decision. This statement is from the Minister of Defense of Italy. An interview with Italian Defense Minister Guido Crosetto was published on Sunday, in which he said China’s involvement in the project was a “disastrous decision.” He also explained […]
The government of Alberta has pulled its support for a bid to host the 2030 Commonwealth Games due to rising costs. A joint bid was being considered by the Canadian province, centred around the cities of Edmonton and Calgary. Tourism Minister Joseph Schow said the bill was estimated at C$2.6bn (£1.5bn) – a burden “too […]
August 3, 2023, COLOMBO: Ten entrepreneurs who received intensive help from the United States Agency for International Development (USAID) and Good Life X (GLX) business accelerator to develop their climate adaptation ideas displayed their results in a Demo Day event on 02 August. This Demo Day marked the end of an eight-month program to help […]
The Bandaranaike International Airport (BIA) will earn Rs. 700 per vehicle for each PickMe taxi which operates from the airport, the app-based ride hailing company said. Under a new agreement between the Airport & Aviation Services (Sri Lanka) (Private) Ltd., and PickMe, the app-based ride hailing company will operate a taxi stand within the Bandaranaike […]
The Central Bank of Sri Lanka yesterday said that the authorisation of the Indian rupee as a designated currency did not make it a ‘legal tender’ in Sri Lanka for domestic payments/settlements. Issuing a clarification, titled Misinformation Relating to Indian Rupee (INR), the CBSL has said: “Any transaction executed between or among residents in Sri […]
The Indian Rupee is not a legal tender in Sri Lanka for domestic payments or settlements, the Central Bank of Sri Lanka (CBSL) said today. Issuing a statement, CBSL said that from time to time it authorises selected foreign currencies as designated foreign currencies with a view to facilitating international trade and cross-border banking transactions. […]
The developing Indo-Lanka relations, particularly the process since early 2022 should be examined taking into consideration the significant role played by Sri Lanka’s High Commissioner in New Delhi Milinda Moragoda, who received the Cabinet rank. At the time President Gotabaya Rajapaksa sent the former UNP Minister, one -time close associate of UNP leader Ranil Wickremesinghe, […]
India’s Finance Minister Nirmala Sitharaman has invited China, as a large creditor to Sri Lanka, to join Japan, India and France in their effort to help the country cope with its debt distress. She has also called upon the International Monetary Fund (IMF) and the World Bank to speed up relief measures for countries facing […]
alleges refuelling stop of Macron’s plane exploited By Shamindra Ferdinando Samagi Jana Balawegaya (SJB) Spokesman Mujibur Rahuman yesterday (30) urged President Ranil Wickremesinghe to hold an early general election. He said so, responding to UNP MP Wajira Abeywardena’s recent declaration that Wickremesinghe would serve as the President for 12 more years. Rahuman dismissed Tourism Minister Harin ...