President Ranil Wickremesinghe addressed the UN General Assembly in New York on Thursday (21)  on the theme “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but has managed to […]

Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]

President Ranil Wickremesinghe, speaking at the Climate Ambition Summit on the sidelines of the UN General Assembly on Wednesday (20), affirmed Sri Lanka’s commitment to the Secretary General’s accelerated climate agenda. He highlighted the importance of tangible climate actions and commended the delegates for their valuable suggestions. President Wickremesinghe drew attention to the significant e...

… warns that it could potentially damage both investment prospects and freedom of expression SJB MP and Chair of the Committee on Public Finance, Harsha de Silva, on Tuesday (19), criticised the government’s move to introduce the online safety bill, calling it an “archaic and draconian piece of legislation” that violates fundamental principles and represents […]

The Chairman of the Federation of Information Technology Sri Lanka (FITIS), Indika De Soysa, has projected a substantial boost of 15 billion US dollars to Sri Lanka’s gross domestic product (GDP) through the expansion of the digital economy, by the year 2030.  Presently, the digital economy

Divaina Business and Finance Editor Shyam Nuwan Ganewatta’s latest book Arthika Gathanaya (economic assassination) will be launched at 11.30 am at the 2023 Colombo International Book Fair at the BMICH on 25 Sept. The book reveals how the Sri Lankan economy crashed in 2022

Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]

Piyumi Ranadewa is a Research Assistant working on migration and urbanisation policy research at IPS. She holds a BSc (Hons) in Agriculture, specialising in Agriculture Economics and Business (First Class) from Wayamba University of Sri Lanka, graduating with Dean’s Honours. She also holds a Master of Agri-Enterprise and Technology Management from Wayamba University of Sri […]

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“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]

The United States and Sri Lanka marked the fourteenth Trade and Investment Framework Agreement (TIFA) Council Meeting in Colombo today (18), solidifying their commitment to enhancing trade and investment relations. The technical level meeting, co-chaired by  K.J. Weerasinghe of the Government of Sri Lanka and  Brendan Lynch, Acting Assistant United States Trade Representative for South […]

The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked

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

By Saman Indrajith Ceylon Workers Congress (CWC) leader and Minister of Water Supply and Estate Infrastructure Development, Jeevan Thondaman, plans to bring the grievances of his community before Global Union Federation Public Services International in Geneva and other international fora, such as the World Economic Forum and International Labor Organization, next month, he said. “I […]

The Sri Lankan economy has contracted by 3.1% in the second quarter of this year against the value reported in the same quarter in the previous year, according to data released by the Department of Census and Statistics (DCS).

[…]The post ‘Strictly Justify’ The Refusal To Give Info On Adani Power Project – RTI Commission Orders BOI appeared first on Colombo Telegraph.

State Minister of Finance Shehan Semasinghe states that the country s economy will be driven by the private sector in the future, and that the government will only act as a regulatory authority.