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Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.The post Sri Lanka set to start tea-for-oil barter with Iran
- Sri Lanka settles US$ 20 million Iranian oil debt with tea (Category: Breaking News)
- Sri Lanka set to start tea-for-oil barter with Iran next month (Category: Breaking News)
- Lankan, Iranian officials discuss how to boost SL tea exports (Category: Breaking News)
- Iran to double tea imports from SL (Category: Breaking News)
and the economic crisis. The Association, which represents all Licensed Banks […]
- Parate execution is the last resort to protect depositors’ funds – SLBA (Category: Breaking News)
- Ministers of Justice and Health on collision course with association of banks (Category: Breaking News)
- Trade and business relationships (Category: Breaking News)
- Banking industry joins Lankan chorus against UNHRC moves (Category: Business)
By N Sathiya Moorthy Addressing a teacher-centric event at ‘Temple Trees’ the other day, President Ranil Wickremesinghe underscored the importance of English education and promised to ensure that teachers and necessary resources are provided for the purpose. In the same vein, he also highlighted that the opportunity should also be given to learn languages such as […]
- The New Dawn That Is Not (Category: Breaking News)
- Pulling out the woollens when it is winter elsewhere, still (Category: Breaking News)
- ‘Affirmative action’ of another kind ? (Category: Breaking News)
- President presents budget with no “fairy tales” (Category: Breaking News)
[…]The post FDIs – BOIs & Exchange Crisis appeared first on Colombo Telegraph.
- Shocking & Damaging Performance Of BOI In Front Of COPF: Sack All The BOI Senior Staff To Save T... (Category: Breaking News)
- Fly Highdream Big (Category: Breaking News)
- India Is Over The Moon, Ranil Wants Sri Lankan Children Taught Hindi & Chinese (Category: Breaking News)
- Budget Woes; How Soon Will Titanic Touch The Bottom? (Category: Breaking News)
By Y P Prakash The current state of Sri Lanka evokes memories of India’s experience in the 1990s, although India was able to rectify the situation before it escalated to a critical level akin to a Bastille-like crisis. By 1991, India found itself on the brink of sovereign default. The Gulf
- India – Sri Lanka Strengthen Trade and Connectivity with Daily Chennai-Jaffna Flights (Category: Breaking News)
- Sri Lanka’s energy sector at risk: Calls for diversification amidst Chinese investments (Category: Breaking News)
- India’s aerial capabilities undergoing substantial expansion and advancement (Category: Breaking News)
- Breaking Barriers: Sri Lanka’s Ambitious Vision for Regional Energy Integration and Grid Connect... (Category: Breaking News)
Sri Lanka’s national carrier is expecting a profit of USD 50 million for the upcoming year, SriLankan Airlines CEO Richard Nuttall revealed, adding that he also expects passenger traffic to surpass pre-COVID levels by the end of 2023 owing to the ‘economic boom’ in tourism.The post SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year appeared first on ONLANKA N...
- SriLankan CEO believes worst is over , expects $50 mn profit next year (Category: Breaking News)
- Sri Lanka airline boss says ‘don’t be a CEO during Covid’ (Category: Breaking News)
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- Sri Lanka jet fuel shortages costing SriLankan Airlines US$7mmn a month (Category: Breaking News)
By Rathindra Kuruwita The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said addressing the media. “The government has to maintain roads, provide healthcare and education, security, etc. I don’t […]
- Sajith says govt lying about there being no money to hold polls after having printed Rs 278 bn i... (Category: Breaking News)
- All 225 sitting MPs must share the blame for the present crisis: Ranatunga (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
- Govt plans accreditation for every profession (Category: Breaking News)
By Rose Kenny During his recent visit to Japan, President Ranil Wickremesinghe highlighted the country’s resolute tilt towards Asia, signalling a strategic shift in its foreign policy. Building on the government’s vision to elevate Asia as a global centre of economic integration, President Wickremesinghe’s address at the Nikkei Forum, Future of Asia, outlined his vision for the region. This inclin...
- RW to attend Nikkei Forum in Tokyo (Category: Breaking News)
- Japan wants Sri Lanka’s creditors to participate on comparable terms (Category: Breaking News)
- Sri Lanka President leaves for Singapore and Japan for an official visit (Category: Breaking News)
- Economic crisis: Sri Lanka expects Japanese support (Category: Breaking News)
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka Central Bank to hold rates as inflation worries persist (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
Cordelia Cruises is all set for its first international voyage to Sri Lanka in early June, and the new route is likely to boost the Indian cruise traffic by 25-30 per cent, according to a top official. The cruise liner, currently operating for domestic destinations, has witnessed a revival in the post-COVID era. The occupancy […]
- Advantis and Cordelia Cruises unite to unleash the ultimate cruising experience in Sri Lanka (Category: Breaking News)
- L’Austral cruises in (Category: Business)
- Hambantota’s once ‘white elephant’ to have 13 cruise ships (Category: Breaking News)
- India’s first international cruise from Chennai to Sri Lanka to be flagged off today (Category: Breaking News)
The economic crisis has placed Sri Lanka among the 20 poorest countries in Asia. A report published on Insider Monkey noted that while Sri Lanka is classified as a developing country, it is currently facing an economic crisis characterized by the devaluation of its currency, increasing inflation
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
- Myanmar will be middle income nation if reforms stay on track – ADB study (Category: Business)
- Japan to write off $ 3.7 b Myanmar debt, restart loans (Category: Business)
- Lanka’s growth to contract by 7.6% in 2022 – ADB (Category: Breaking News)
Sri Lanka is mulling measures to lure back Chinese tourists in a bid to alleviate an unprecedented debt crisis, its tourism minister said, as the South Asian nation tries to stabilize the economy.The post Sri Lanka eyes Chinese tourism to help ease debt crisis appeared first on ONLANKA News | Sri
- Chinese tourists visit Sri Lanka for the first time since COVID-19 (Category: Breaking News)
- Sri Lanka eyes Chinese tourism to help ease debt crisis (Category: Breaking News)
- Sri Lanka asks China for help with trade, investment and tourism (Category: Breaking News)
- Sri Lanka approves visa-free entry for tourists from 07 countries (Category: Breaking News)
Sri Lanka is mulling measures to lure back Chinese tourists in a bid to alleviate an unprecedented debt crisis, its tourism minister said, as the South Asian nation tries to stabilize the economy.
India and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions in order to strengthen their partnership through trade and investment-led measures. Recently, the High Commission of India organized a discussion in Colombo, on the use of the Indian Rupee for transactions between the two countries. Representatives from the Bank […]
- Indian tourists visiting Sri Lanka can pay in INR (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- RBI allows international trade settlement in Rupee (Category: Breaking News)
- RBI permits banks to open vostro accounts from 22 countries for trade in rupee (Category: Breaking News)
A program to generate income for Sri Lanka through 'Health Tourism' is expected to be prepared, President’s Senior Adviser Sagala Ratnayaka said.The post Sri Lanka Government focuses on promoting ‘Health Tourism’ appeared first on ONLANKA News ::. Latest Sri Lanka News with Breaking News Alerts from Sri Lanka.
- Sri Lanka Government pays special attention to revive the construction sector (Category: Breaking News)
- Sri Lanka to establish Anti-Narcotic Command to curb drug influx (Category: Breaking News)
- Asian Development Bank backs future water supply projects in Sri Lanka (Category: Breaking News)
- Let’s work together for a prosperous Sri Lanka – President (Category: Breaking News)
Continuing his ongoing dialogue with the Principal Secretary to the Prime Minister of India Dr. Pramod Kumar Mishra, the High Commissioner of Sri Lanka in New Delhi Milinda Moragoda met with the former at the Prime Minister’s Office. High Commissioner Moragoda thanked Dr. Mishra for the support India has been extending to Sri Lanka in […]
- RBI Governor and Sri Lankan envoy discuss trade using Indian Rupee (Category: Breaking News)
- Sri Lankan envoy underscores importance of economic integration with India (Category: Breaking News)
- India and Sri Lanka discuss a range of issues (Category: Breaking News)
- Sri Lanka-India cooperation will heavily focus on connectivity, investment - Envoy (Category: Breaking News)
Sri Lanka, which is emerging from an economic crisis, is expecting to attract 20 lakh visitors from India this year, Sri Lanka Tourism Minister said on Friday.
Sri Lanka expects to host 1.55 million visitors and earn 2.7 billion Sri Lankan rupees ($8.4 million) in much-needed tourism revenue this year, as it maps a road to the recovery of its tourism sector amid its worst economic crisis in decades.The post Sri Lanka expects cash infusion from 1.5 million
- Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy (Category: Breaking News)
- Indian cruise ship to launch operations to Sri Lanka (Category: Breaking News)
- Analysis: A year later, Sri Lanka’s tentative economic recovery eludes the poor (Category: Breaking News)
- Tourist arrivals in Sri Lanka cross 200,000 in December (Category: Breaking News)
Saturday 6th May, 2023 One of the main reasons for Sri Lanka’s current economic crisis is that successive governments have invested borrowed money in white elephant projects and enabled their leaders to pocket kickbacks at the expense of the state coffers. The situation took a turn for the worse
- China’s role in Lanka’s economic crisis (Category: Breaking News)
- Delhi air quality remains ‘very poor’ at 337 AQI (Category: Breaking News)
- Ferry service connecting all SL ports to India proposed (Category: Breaking News)
- Mattala Main Runway completed (Category: Breaking News)
Adventure tourism is playing a key role in helping Sri Lanka rebuild its economy after a turbulent few years for the South Asian nation.The post Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Sri Lanka looks to adventure travel to attract quality tourists and help rebuild economy (Category: Breaking News)
- Sri Lanka approves visa-free entry for tourists from 07 countries (Category: Breaking News)
- Driving Adventure (Category: Business)
- Sri Lanka Tourism ready for tourists (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe addressed the United National Party (UNP) May Day celebrations held at the Sugathadasa Indoor Stadium in Colombo yesterday (May 01) through video technology.The post Sri Lanka President says Let 2048 be the year of development for Sri Lanka appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Let us collectively join hands to make 2048 the year of development in Sri Lanka – President (Category: Breaking News)
- President to intensify focus on national unity, youth aspirations (Category: Breaking News)
- Elections will be held in accordance with the Constitution, Presidential poll in 2024 – President (Category: Breaking News)
[…]The post Privatization Of Defence Sector Enterprises For Alleviating Economic Crisis appeared first on Colombo Telegraph.
- The Sale Of National Assets & State Owned Enterprises (Category: Breaking News)
- The JVP & The Tamil People: Change The Party Line Now! (Category: Breaking News)
- The President, IMF & System Change (Category: Breaking News)
- Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? (Category: Breaking News)
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- Sajith claims VAT hike will shrink economy (Category: Breaking News)
- Sri Lanka economy to shrink over 8-pct in 2022, inflation may peak below 70-pct: CB chief (Category: Breaking News)
- Sri Lanka fixed wireless users shrink, broadband up (Category: Breaking News)
Celebrating over three decades of service and support to grow microfinance customers across the island, Sri Lanka’s leading private sector bank HNB PLC, revived its annual trade fair and exhibition for Micro, Small and Medium Enterprises (MSMEs) The Gami Pubuduwa Pola 2023. Organised by the bank to showcase up-and-coming businesses in its portfolio, the trade […]
- HNB strikes Gold and Silver at SLIM DIGIS 2.2 (Category: Breaking News)
- HNB renews partnership with Indra Traders to offer exclusive benefits for registered and unregis... (Category: Breaking News)
- HNB launches Affinity Credit Cards packed with benefits for the members of Ladies’ College OGA (Category: Breaking News)
- HNB unveils the future of rapid customer onboarding in partnership with Lime by LinearSix (Category: Breaking News)
Despite possessing enviable social indicators at the time of Independence in 1948, Sri Lanka, at 75, is a “failed state”, former President Chandrika Bandaranaike Kumaratunga said on Sunday.The post Sri Lanka at 75 is a failed state, says former President Chandrika Bandaranaike Kumaratunga appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka at 75 is a failed state, says former President Chandrika (Category: Breaking News)
- Robbers and murderers in Sri Lanka's parliament: Chandrika Bandaranaike Kumaratunga (Category: Breaking News)
- What`s up CBK`s sleeve? (Category: Breaking News)
- Princess Anne meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
By Easwaran Rutnam The Unawatuna beach came alive today as tourists flocked the area to celebrate the Sinhala and Tamil New Year. The Ministry of Tourism and the Tourism Promotion Authority hosted “New Year in Paradise 2023” at the Unawatuna beach. Sinhala and Tamil New Year traditions and cultural activities were during the event which […]
- Tourists celebrate Sinhala and Tamil New Year in Unawatuna (Category: Breaking News)
- Emirates to promote Sri Lanka as ideal destination for travellers (Category: Breaking News)
- Sri Lanka gets tips on good governance from India (Category: Breaking News)
- Mano says attempt to form UNP-SJB alliance failed (Category: Breaking News)
IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]
- Info about USD 4.2 bn debt deal with China shared with other creditors – CBSL Chief (Category: Breaking News)
- SJB warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- CBSL chief expresses optimism (Category: Breaking News)
- Lanka to lend US$2.5bn to US and top-rated borrowers in 2023 under IMF deal: analysis (Category: Breaking News)
Swashbuckling cricket star Sanath Jaysuriya wants a positive and not negative picture of Sri Lanka to be promoted. He urged people to visit Sri Lanka and see its breathtakingly beautiful beaches and loving locales, Greater Kashmir reported. Talking to media persons on the sidelines of an education event at Doon International School (DIS) in Srinagar, […]
- Sanath Jayasuriya warns of threat of anarchy taking over (Category: Breaking News)
- Sanath slams poor wickets at Premadasa stadium for LPL (Category: Breaking News)
- Dhammika Perera apologises to Sanath Jayasuriya (Category: Breaking News)
- Sanath applauds sportsmanship of Indian captain in Sri Lanka game (Category: Breaking News)
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- SriLankan Airlines participates at the Ottawa Travel and Vacation Show (Category: Breaking News)
- SriLankan Airlines, Korean Air activate codeshare partnership (Category: Breaking News)
- Dialog, SriLankan offer star points, FlySmiLes conversion (Category: Breaking News)
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
- The Exit Of The Old Guard & The Arrival Of The New (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- 40 Years After The Anti-Tamil Pogrom Of July 1983: Root Causes Remain Unaddressed (Category: Breaking News)
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