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Sri Lanka's cabinet on Monday approved new electricity tariffs to reflect the cost of coal and power generation to take effect this month, Power Minister Kanchana Wijesekera said, without saying how much higher they would be.The post Sri Lanka cabinet approves new electricity tariff without saying what it is appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka to revise electricity tariffs every 03 months (Category: Breaking News)
- Sri Lanka Government granted approval to increase electricity tariff (Category: Breaking News)
- 2.5% Social Security Tax added to Electricity bills – PUCSL (Category: Breaking News)
- Public Utilities Commission agrees to expedite Ceylon Electricity Board tariff proposal (Category: Breaking News)
India has handed 75 passenger buses to Sri Lanka as part of its assistance towards strengthening public transport infrastructure in the cash-strapped country.The post India provides 75 buses to Sri Lanka to support public transport system appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- India provides 75 buses to Sri Lanka to support public transport system (Category: Breaking News)
- Sri Lanka plans to enhance Public Transportation with 200 new Buses in 2024 (Category: Breaking News)
- National Transport Commission working towards reducing bus fare prices (Category: Breaking News)
- QR code system to be introduced to pay Sri Lanka Transport Board (SLTB) bus fares (Category: Breaking News)
Bangladesh Prime Minister Sheikh Hasina and Sri Lankan President Ranil Wickremesinghe will be among 20 world leaders who will participate in the “Voice of the Global South Summit” (VGSS) next week hosted by India virtually, Indian media reported.The post President to participate in India-hosted Voice of Global South Summit – report appeared first on Sri Lanka News - Latest Breaking News in S...
- Ranil to participate in Indian summit virtually (Category: Breaking News)
- Sri Lanka President arrives in New York to attend the 78th session of the United Nations General... (Category: Breaking News)
- President to participate in India-hosted Voice of Global South Summit - report (Category: Breaking News)
- President addresses second Voice of Global South Summit (Category: Breaking News)
Foreign assistance to overcome Sri Lanka’s financial crisis will not be available as the international community has no trust in incumbent government, says the main opposition SJB. Addressing the media at the Opposition Leader’s office in Colombo recently, Chief Opposition Whip and Kandy District
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
- SJB divided, some attend Ranil’s tea party (Category: Breaking News)
- SJB to take disciplinary action against its MPs who joined govt (Category: Breaking News)
- Sajith: EPF will lose Rs 12 trillion due to domestic debt restructuring (Category: Breaking News)
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
by Eng. Parakrama Jayasinghe This is the question in everybody’s mind these days. Anything up to 10 hours of blackouts have been predicted by the Ceylon Electricity Board (CEB) trade unions. But Minister of Power and Energy, Kanchana Wijesekera, has been quick to contest this prediction while being careful not to say that there will […]
- CEB says suspension of power cuts not possible (Category: Breaking News)
- No power cuts due to N’cholai unit failure – Minister (Category: Breaking News)
- HRCSL opposes power cuts during A/L (Category: Breaking News)
- Sri Lanka says no more power cuts, until further notice (Category: Breaking News)
[…]The post Prospects For Global Capitalism: 2023 & After appeared first on Colombo Telegraph.
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
USD 4 mn available to stabilize food sector Against the backdrop of the country’s continuing financial crisis, the US has teamed with premier blue chip, John Keells Holdings, and the Hatton National Bank (HNB) to lend money to micro, small, and medium-sized enterprises (MSMEs) in the food sector
- CBSL approval not required for US-funded lending operations in SL (Category: Breaking News)
- CMA Sri Lanka COVID 19 SME Development Conference: Celebrating UN – Micro, Small and Medium-Size... (Category: Breaking News)
- HNB continues longstanding partnership with Battle of the Saints as Official Banking Partner (Category: Breaking News)
- Sri Lanka to implement a credit scheme to revive MSMEs sector (Category: Breaking News)
By Samira Hussain Pakistan’s former prime minister, Imran Khan, is threatening to dissolve two provincial assemblies in a high-stakes attempt to force the federal government to hold early elections. The dissolution of legislatures controlled by his party in Punjab and Khyber Pakhtunkhwa is set for 23 December, about a year before elections are due. “For […]
- Does The Proposed Contempt Of Court Bill Amount To 23rd Amendment To The Constitution? (Category: Breaking News)
- China’s space success linked with its larger political, diplomatic goals: Report (Category: Breaking News)
- Saudi energy minister visits India, discusses cooperation with officials (Category: Breaking News)
- What’s at Stake in Pakistan’s Power Crisis (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased year-on-year to 65% in November after a 70.6% jump in October, the statistics department said on Wednesday.The post Sri Lanka’s national consumer price inflation eases to 65% in November appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s key inflation rate eases to 54.2% in January (Category: Breaking News)
- NCPI-based inflation drops to 65% in November (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s inflation slows down to 70.6% in October 2022 (Category: Breaking News)
By Easwaran Rutnam France, which is part of the Paris Club, is in talks with Sri Lanka’s creditors in an attempt to ensure a solution is reached for the financial crisis sooner than later. The newly appointed French Ambassador to Sri Lanka, Jean-François Pactet, told a select group of journalists
- France ready to support Sri Lanka in its efforts to restructure its debt (Category: Breaking News)
- France saddened by the demise of its diplomat in Sri Lanka (Category: Breaking News)
- France looks to strengthen ties with Sri Lanka (Category: Breaking News)
- French Ambassador to Sri Lanka Jean-François Pactet passes away (Category: Breaking News)
Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades.The post Sri Lanka’s economy shrinks 11.8
- Sri Lanka’s Economy suffers worst contraction in 2022 (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Jobless rate rises to troubling levels as economic crisis stings employment (Category: Breaking News)
- Sri Lanka GDP outlook slashed as economy struggles to recover – report (Category: Breaking News)
Responding to media reports that the IMF wouldn’t take up Sri Lanka’s financial crisis, before the end of this year, State Finance Minister Shehan Semasinghe yesterday (14) said that the government was yet to receive assurances from its bilateral creditors, as regards debt restructuring
Regular revelations, pertaining to high profile scams that had undermined revenue collection, underline the pathetic failure on the part of Parliament to ensure financial discipline. The Central Bank, five-member Monetary Board, Cabinet of Ministers and Parliament as an institution should accept the responsibility for the current crisis. The likes of Bandula Gunawardena continue to pursue […...
- Rs 16 bn revenue loss: CIABOC summons Bandula over sugar duty scam (Category: Breaking News)
- Rs. 16 bn sugar duty scam: Recovery of losses further delayed (Category: Breaking News)
- SL wouldn’t have been in this mess if IMF conditions had been complied with – State FM (Category: Breaking News)
- Sugar duty scam: Bandula misses CIABOC summons, asks for another day (Category: Breaking News)
[…]The post Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place appeared first on Colombo Telegraph.
- Did Faulty Constitution Bring Misery? – Undermining The State Is The Game (Category: Breaking News)
- Ranil’s Perilous Authoritarian Alternative (Category: Breaking News)
- Government Is A ‘Blackhole’: IMF Should Be Worried About The (225+1) (Category: Breaking News)
- Economic Gloom, LG Polls & Coalitions Of Clowns (Category: Breaking News)
By R M M Lilani A significant shift in the chaotic foreign policy of the Sri Lankan government has raised the idea of Japan once more acquiring the East Container Terminal (ECT), as the International Monetary Fund works to ameliorate Sri Lanka’s current financial crisis. After signing a MoU
- by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lank... (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Quad urged to take more proactive role to address Sri Lanka crisis (Category: Breaking News)
- Beijing restless as QUAD comes to Colombo’s aid (Category: Breaking News)
The three-year-old is losing weight and complains of leg pains and weakness. The doctor's diagnosis is clear - Nitisha is underfed and malnourished.The post Sri Lanka’s children go hungry as food prices soar appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Tourist arrivals to Sri Lanka soar, surpassing 600,000 within 3 months (Category: Breaking News)
- Sri Lanka to appoint cost of living committee chaired by president as prices soar (Category: Breaking News)
- Tourist arrivals soar with record November (Category: Business)
- Asian shares soar after ECB, focus on payrolls (Category: Business)
Amendments to Exchange Control Act contemplated By Shamindra Ferdinando State Finance Minister Ranjith Siyambalapitiya yesterday (07) said the government would introduce some amendments to the Exchange Control Act No 12 of 2017 as part of its response to the continuing financial crisis. The SLFPer
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- USD 56.5 bn parked overseas: Govt. must deal with errant exporters firmly – Justice Minister (Category: Breaking News)
- SLC, cryptocurrency and repealing of time-tested law (Category: Breaking News)
- Little headway in cleaning mess (Category: Breaking News)
Global lenders including the World Bank, the Asian Development Bank and the IMF are planning coordinated assistance to help Sri Lanka recover from its economic crisis, the government said on Tuesday.The post Global lenders eye coordinated assistance for Sri Lanka – Government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
The 20th Communist Party Congress of China may put a hold on the Chinese restructuring talks with Sri Lanka to secure the $2.9 billion facility to revive the ailing economy. The deadline was set for December, but it may be extended to January, according to the Central Bank of Sri Lanka. China is the main […]
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- China assures Sri Lanka of its help in addressing debt challenges (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
Saudi Arabia’s NEOM smart city offers a great opportunity for Sri Lankan professionals and skilled workers, a government minister from the South Asian nation said.The post NEOM offers Sri Lankan workers ‘lifetime opportunity,’ minister says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Saudi Arabia offers Haj pilgrimage to Sri Lankan Muslim Tri Forces personnel for first time (Category: Breaking News)
- NEOM offers Sri Lankan workers lifetime opportunity, minister says (Category: Breaking News)
- New employment scheme with Saudi Arabia sparks hope among Sri Lankan workers (Category: Breaking News)
- Nearly 90 Sri Lankan female domestic workers stranded in Oman (Category: Breaking News)
The Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the Island nation. While the Paris Club is still to formally reach out to India and China, two of Sri Lanka’s
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
- Paris Club ready for close coordination with China, India on Sri Lanka debt talks (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- Official creditors and Sri Lanka agree in principle on debt restructuring (Category: Breaking News)
Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the island nation, the Hindustan Times
- Paris Club proposing a 10-year moratorium on Sri Lanka s debt - Report (Category: Breaking News)
- Paris Club proposes 10-year moratorium for Sri Lanka (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources (Category: Breaking News)
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the island nation, the Hindustan Times
ECONOMYNEXT —TNA Batticaloa District MP Shanakiyan Rasamanickam, who has been on the warpath with Beijing over an apparent lethargy in helping the crisis-hit Sri Lanka to restructure its debt, has warned of a “China, go home” protest campaign similar to the “Gota, go home” protests that unseated the country’s powerful former president in July. The […]
- TNA MP vows to send China packing (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- Harsha accuses govt. of being secretive about debt negotiations with international commercial cr... (Category: Breaking News)
- Harsha: Will RW use Emergency to steamroller his economic reforms? (Category: Breaking News)
[…]The post An Unstable & Unusual New World: Survival Strategies For Lanka appeared first on Colombo Telegraph.
- Next Round: Ranil Versus The JVP (Category: Breaking News)
- Sino-Indian Economic Competition (Category: Breaking News)
- Sino-Indian Economic Competition (Category: Breaking News)
- Sino-Indian Economic Competition (Category: Breaking News)
=AG alleges Inland Revenue withheld info citing Constitution By Shamindra Ferdinando The Government Medical Officers Association (GMOA) yesterday (02) asked the government to explain its continuing failure to recover as much as Rs 773 bn in taxes, penalties and interest against the backdrop of unprecedented new tax hikes to bridge the record deficit. GMOA Secretary […]
- COPA: Rs 900 bn yet to be collected in taxes, penalties and interest (Category: Breaking News)
- AG, IRD in battle over Rs 10 bn faulty RAMIS (Category: Breaking News)
- Uncollected taxes, penalties and interest now amount to Rs 943 bn (Category: Breaking News)
- COPA proposes to properly implement RAMIS software to increase IRD s efficiency (Category: Breaking News)
[…]The post The Latest IMF Condition – Make The Central Bank Independent appeared first on Colombo Telegraph.
- Continuing With Tight Monetary Policy: Is The Central Bank Making A Mistake? (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- China Adopts A New Monetary Policy In 2021 (Category: Breaking News)
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Central Bank of Sri Lanka decided to maintain policy interest rates at their current levels (Category: Breaking News)
- Central Bank of Sri Lanka issues order slashing interest rates on lending products (Category: Breaking News)
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