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Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.The post Crisis-hit Sri Lanka strikes staff-level pact
By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]
By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
By Hiran H. Senewiratne The Sri Lankan economic crisis continues to rattle the country and it is the poorest, most vulnerable among its girls and boys who are paying the steepest price, UNICEF Regional Director for South Asia, George Laryea-Adjei said. “Sri Lanka, a country normally
Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.The post Sri Lanka’s president to cut spending in interim
The United Nations (UN) has noted an increase in abuse, exploitation and violence against children in Sri Lanka as a result of the economic crisis. George Laryea-Adjei, the UNICEF Regional Director for South Asia, told reporters that as the economic crisis continues to rattle Sri Lanka
"This is a positive step and I am positive that the winter tourism season will perform well."
Sri Lanka s Tourism Minister Harin Fernando on Saturday said as things get back to normal after the recent political crisis in the island nation, the government aims to receive at least 1 million tourists this year, mostly from India.
Gunasekara said, under the current circumstances, the production cost per egg is 49 rupees which is above retail price.
[…]The post Is Sri Lanka Heading Towards The Myanmar Model Of Governance? appeared first on Colombo Telegraph.
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
a grave financial crisis, of which the repercussions are […]
He said inflation may peak around September below 70 percent before showing a downward trend.
Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014
Former Sri Lankan president Gotabaya Rajapaksa arrived in Thailand on Thursday, according to three Reuters witnesses, as he seek temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests.The post Sri Lanka’s ousted president arrives in Thailand for temporary stay appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Late...
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
President Gotabaya Rajapaksa’s two years in office – a period of unprecedented political turmoil, uncertainty and further deterioration of Parliament – should be thoroughly examined. In fact, the UNP, with the support of the then President Maithripala Sirisena, paved the way for Gotabaya Rajapaksa’s candidature, at the 2019 presidential election, by blocking Mahinda Rajapaksa’s path […...
By Hiran H.Senewiratne The government is planning to restructure the national carrier, Sri Lankan Airlines, and privatization is one proposed option due to the current financial crisis, Sri Lankan Airlines Chief Executive Officer (CEO) Richard Nuttall said. “We are now looking
The newly appointed brand ambassador for Sri Lanka Tourism, former cricketer Sanath Jayasuriya met the Indian High Commissioner to Sri Lanka Gopal Baglay and discussed promoting tourism between both countries. The Indian High Commission said that the meeting focused on strengthening ties between the people of India and Sri Lanka and promoting tourism as an […]
and avoid a Lanka-like forex crisis. While the […]
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.The post Sri Lanka considering restructure of local and sovereign debt appeared first on ONLANKA News
Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set
By Anupama Rajput Sri Lankan Lawmakers voted in acting President Ranil Wickremsinghe as the new President on July 20. The six-time Prime Minister was able to garner 134 votes in the 225-member parliament, despite public anger with the ruling elite in the hope that his long experience in government could help pull the country out […]
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there, Gopal Baglay, high commissioner of India to Sri Lanka
is suffering its worst economic crisis […]Sri Lanka asks China for help with trade, investment and t...
Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo's envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to help it emerge from an economic meltdown.The post Sri Lanka asks China for help with trade, investment and tourism appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Sri Lanka Latest News...
The National Fuel Pass will be implemented islandwide from Tuesday (July 26) in Multiple locations at CEYPETCO & Lanka IOC filling stations, said Minister of Power and Energy Kanchana Wijesekera.The post National Fuel Pass: Implementation from July 26 – Only QR code based service from August 01 appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Sri Lanka Latest News.