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[…]The post The Courts Would Be The Better Option For Undemocratic Actions To Be Contested appeared first on Colombo Telegraph.
- New Mandates Before New Amendments (Category: Breaking News)
- Speeding Up Recovery Requires Consistency (Category: Breaking News)
- Judiciary necessary to protect democracy (Category: Breaking News)
- Awaiting The Supreme Court’s Guidance On Elections (Category: Breaking News)
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 Courts Would Be The Better Option For Undemocratic Actions To Be Contested (Category: Breaking News)
- Electoral process also an essential service (Category: Breaking News)
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
- Supreme court nudges govt., to democracy (Category: Breaking News)
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- Child’s Guide To Foreign Borrowings: Are They An Evil Or Not? (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. ...
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
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 […]
- Parliament elections to be held in 2025 (Category: Breaking News)
- Ranil assures Presidential and Parliament polls next year (Category: Breaking News)
- A clichéd phrase that still makes sense and nonsense, too (Category: Breaking News)
- Parliament to meet tomorrow to debate State of Emergency (Category: Breaking News)
and eliminate fossil fuel-based electricity generation by […]
- CEB seeks approval for another power tariff hike, alleges Electricity Consumers’ Association (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- ‘CEB restructuring by September; power sector entities to be run separately’ (Category: Breaking News)
- CEB hydro power capacity down to 25 percent (Category: Breaking News)
First Executive President JR Jayewardene’s grandson, Pradeep Jayewardene, who recently switched allegiance from SLFP to UNP, says that it is the duty of all to support President Ranil Wickremesinghe in his quest to steer the nation out of the prevailing crisis. “This is not the time to debate whether President Wickremesinghe has a mandate to […]
- MR and JRJ (Category: Breaking News)
- Neo-liberal economic policies (Category: Breaking News)
- JR Jayewardene, Executive Presidency & 20 Amendment (Category: Breaking News)
- JR Jayewardene, Executive Presidency & 20 Amendment (Category: Breaking News)
Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore up the latter’s chances of winning future elections. […]
- President Ranil vows to build debt-free economy (Category: Breaking News)
- Barks of crooks (Category: Breaking News)
- President: Those who try to dictate terms to IMF have Montessori-level knowledge (Category: Breaking News)
- Exercise in futility (Category: Breaking News)
By Jayantha Somasundaram When Dr Salvador Allende was elected President of Chile in 1970 at the head of a coalition that included the Socialist and Communist Parties, and with a mandate to nationalise foreign capital, carry out land reform and implement sweeping welfare measures, his government was targeted by Washington and opposed by Chile’s business […]
- “The film kills Neruda” (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Whither Lanka? (Category: Breaking News)
- To Be Or Not To Be (A US Military Base) (Category: Breaking News)
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 […]
- A pura - Omanthai stretch of railway track officially launched for public transport (Category: Breaking News)
- Rail strike called off (Category: Breaking News)
- Rail service between Mahawa and Jaffna to be suspended for five months (Category: Breaking News)
- New heads appointed to DMT and Railway Dept (Category: Breaking News)
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
- Fuel prices to be revised daily - Minister (Category: Breaking News)
- Sri Lanka started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- Mobile application to be introduced to obtain information on fuel reserves and upcoming fuel sto... (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Good Governance & Economic Development – Part II (Category: Breaking News)
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
- Taxation Without Accountability Is Not Sustainable (Category: Breaking News)
- CPA survey claims JVP Leader most popular with 48.5% of those surveyed (Category: Breaking News)
- Joint food security assessment by govt., FAO, WFP next month (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
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 […]
- Litro Gas turning a profit after years - Chairman (Category: Breaking News)
- No gas distribution tomorrow as well - Litro (Category: Breaking News)
- Domestic LP gas cylinders not distributed tomorrow as well (Category: Breaking News)
- No distribution of domestic LP gas tomorrow - Litro (Category: Breaking News)
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
- Gas muzzlers (Category: Technology)
- Why 'feed' a car? (Category: Technology)
- 'Miracle material' (Category: Technology)
- Gas Only (Category: Business)
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 […]
- Makumbura Multimodal Centre blocked by protesters (Category: Breaking News)
- Police disperse protest against issuance of duty-free vehicle permits for MPs (Category: Breaking News)
- Did troops use rods and poles against protesters? (Category: Breaking News)
- Iraqi protesters occupy parliament in Baghdad (Category: Breaking News)
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 […]
- UK to ban American XL bully dogs after latest deadly attack (Category: Breaking News)
- Nottinghamshire sign Sri Lanka seamer Asitha Fernando (Category: Breaking News)
- Sri Lanka shocked at shooting of former Japanese PM (Category: Breaking News)
- Sri Lanka looks forward to working with new Australian PM (Category: Breaking News)
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
- Fuel issued only under QR code system from today (Category: Breaking News)
- Fuel pass QR Code system rollout delayed (Category: Breaking News)
- QR code fuel quota system to be updated at midnight today (Category: Breaking News)
- Over 4,700 vehicles refueled under QR code system (Category: Breaking News)
The government yesterday (01) increased fuel prices again and announced the cancellation of the QR code system that was in place to restrict fuel supply in the retail market. The QR code system was meant to drastically drop fuel consumption due to the financial crisis that throttled the economy
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Laugfs too jacks up price of gas (Category: Breaking News)
- Power charges up by 18% from Friday (Category: Breaking News)
- Price of cigarette increased from today (Category: Breaking News)
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 started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
- National Fuel Pass: Implementation from July 26 – Only QR code based service from August 01 (Category: Breaking News)
- Refuelling according to the National Fuel Pass further delayed (Category: Breaking News)
- Fuel quota to be increased from Tuesday (Category: Breaking News)
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 Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
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.
- Sri Lanka revises fuel prices from July 31, 2023 (Category: Breaking News)
- Sri Lanka revises fuel prices from October 31, 2023 (Category: Breaking News)
- Fuel prices revised in Sri Lanka (Category: Breaking News)
- Sri Lanka revises fuel prices from November 30, 2023 (Category: Breaking News)
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 […...
- Port City, SLT, and Lotus Tower brought under new Ministry (Category: Breaking News)
- Colombo Lotus Tower attracts over 1.4 million visitors (Category: Breaking News)
- SLTDA denies issuing tickets to visit Lotus Tower (Category: Breaking News)
- Lotus Tower to commence operations in September (Category: Breaking News)
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, had failed to pay the interest and principal on […]
- HSBC China fund JV to expand, internationalisation in focus (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Taiwan CB says hot money returning to markets (Category: Business)
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
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 ...
- What’s next for India’s Chandrayaan-3 moon mission? (Category: Breaking News)
- India becomes fourth country to land on the moon (Category: Breaking News)
- Chandrayaan-3 spacecraft lands on the moon in ‘victory cry of a new India’ (Category: Breaking News)
- Ranil writes to Modi congratulating him on moon landing (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
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.
- India exceptional in helping neighbourhood including Sri Lanka (Category: Breaking News)
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
- ‘The next time you want to take a holiday, go to Sri Lanka’ – Jaishankar to Indians (Category: Breaking News)
- India remains committed to assist Sri Lanka in its economic recovery – Jaishankar tells Sabry (Category: Breaking News)
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.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
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