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U.S. Senators Ben Cardin (D-Md.) and Jim Risch (R-Idaho), Chair and Ranking Member of the Senate Foreign Relations Committee, along with Representatives Raja Krishnamoorthi (D-Ill.-08) and Bill Johnson (R-Ohio-06), have introduced a bicameral and bipartisan resolution calling for accountability in Sri Lanka. The resolution urges the Government of Sri Lanka to listen to and respect […]
The International Monetary Fund (IMF) says increasing state revenue is of paramount importance for Sri Lanka as the South Asian island nation continues to be an economy with exceptionally low tax revenues.
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review of Sri Lanka’s nearly $3 billion bailout appeared first on ONLANKA - Sri Lanka Latest Breaking ...
By Shamindra Ferdinando One-time Foreign Secretary Kshenuka Senewiratne and Admiral Ravindra Chandrasiri Wijegunaratne (Rtd.) on Dec 04, 2023 assumed duties at the Sri Lankan High Commission in New Delhi and Islamabad, respectively. It would be pertinent to mention that Wijegunaratne previously served as the First Secretary/Defence Advisor of Sri Lanka High Commission in New Delhi […]
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million […]
[…]The post Was There A Conspiracy Behind The Easter Sunday Attacks?: A Follow-Up appeared first on Colombo Telegraph.
Two policy-based loans (PBLs) have been arranged following discussions between the Asian Development Bank (ADB) and the Sri Lankan government, the Ministry of Finance said. Accordingly, the PBLs are slated to be used for the implementation of the Financial Sector Stability and Reform Programme, in a bid to create a stable financial system that provides […]
[…]The post AKD’s Challenge: ‘Can He Outdo Ranil & Sajith?’ appeared first on Colombo Telegraph.
By Eng. Thushara Dissanayake Sri Lanka is ranked high in terms of climate change impacts facing a multitude of hazards. Impacts of climate change vary by location and severity due to the presence of different climatic zones, varying topography, and diverse land use patterns of the country. Severe wet weather events often result in floods […]
In a letter published by The Island recently, Mrs. Goolbai Gunasekera, has showered us with pearls of wisdom drawn from her life-long experience as an educator.In The Island of 06 December, 2023, she describes the need for English as a ‘desperate’ need, adding that: “not taught as a second language, but used as an actual medium of instruction!” She […]
The ‘Civil Society Initiative on Anti-Corruption Reform for Economic Recovery,’ led by Transparency International Sri Lanka (TISL) and comprising Verité Research, Centre for Policy Alternatives (CPA), Sarvodaya Shramadana Movement, People’s Action for Free and Fair Elections (PAFFREL), and National Peace Council (NPC) yesterday said that there was an urgent need for political will and genuine [...
[…]The post Proposed Labour Reforms: When A Labour Lawyer Speaks Like A Labour Economist appeared first on Colombo Telegraph.
[…]The post The San Francisco Conference 1951 – Another Perspective appeared first on Colombo Telegraph.
[…]The post Identity In Choice: The Problem Caste In Christianity appeared first on Colombo Telegraph.
Australian budget airline Jetstar is considering operating flights to Sri Lanka after a major shake-up to its long-haul flights. According to the Australian media, Jetstar announced a major shake-up to its long-haul flights that will see seatback entertainment screens axed in favour of in-flight Wi-Fi. The change is part of a multimillion-dollar update to Jetstar’s […]
The Asian Development Bank (ADB) has approved a USD 200 million concessional loan for Sri Lanka to help stabilize the country’s finance sector following the sovereign debt and economic crises that started in April 2022 after it suspended its external debt payments.The post ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest ...
[…]The post New Episodes Of Sri Lanka Political Theatre appeared first on Colombo Telegraph.
Labour and Foreign Employment Minister Manusha Nanayakkara told Parliament yesterday (December 07) that a total of 900 Electric Vehicle import licences have been issued to Sri Lankans who have sent remittances here through legal channels and US$ 100 million has been remitted by persons under this scheme.The post Expats remitted US$100 Million to get 900 Electric Vehicle import licences appeared fi...
The Colombo Stock Exchange (CSE), in collaboration with the Global Reporting Initiative (GRI), developed the 3rd version of the sustainability reporting guide, which was ceremonially launched at the Market Opening Bell Ringing ceremony held at the trading floor of the CSE. The publication is now available at www.cse.lk. Delivering the keynote address at this ceremony, […]
[…]The post Will David Cameron Apply Magnitsky Sanctions On Sri Lanka After Promoting Investment For Its Controversial Port City Project? appeared first on Colombo Telegraph.
Human Rights Watch (HRW) has accused Sri Lanka of ignoring the European Union’s (EU) GSP Plus requirements. Issuing a statement today, HRW said that the Sri Lankan authorities had detained nine ethnic Tamils under the country’s abusive counterterrorism law for commemorating those who died in the 1983-2009 civil war, Human Rights Watch said today.The Sri Lankan […]
[…]The post Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA appeared first on Colombo Telegraph.
The United Nations Development Programme (UNDP) and Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) recently published a position paper titled ‘Sri Lanka’s Blue Economy’, which emphasises the importance of a sustainable approach to the marine-based economy
By Rathindra Kuruwita Dissident Sri Lanka Freedom Party (SLFP) MP, Dayasiri Jayasekera, has expressed concern over a potential 50% drop in the revenue of the Ceylon Petroleum Corporation (CPC) due to the entry of foreign companies into the petroleum market. Jayasekera highlighted the adverse impact of the policies of successive governments on the CPC. “The […]
by Harim Peiris As we approach the end of 2023 and with about a year to go for the next presidential election due before end 2024, President Ranil Wickremesinghe’s frequent refrain and indeed the rationale for his administration is the revival of the national economy after it was spectacularly
Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB funding post-IMF approval – official appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
[…]The post Ranil & The Clan Are Also Answerable For The Rampant ‘Drug Addiction’ Problem appeared first on Colombo Telegraph.
Minister of Justice, Prison Affairs and Constitutional Reform, Wijayadasa Rajapakse, unveiled plans to introduce a new legislative framework aimed at regulating microfinance institutions operating within the country. Expressing deep concern regarding the unregulated status of certain microfinance entities, Minister Rajapakse emphasized the necessity for decisive measures. He underscored the intent...
by Ifham Nizam Political instability is one of the biggest stumbling blocks when it comes to managing climate vulnerability, a senior climate scientist has warned. Speaking at a recent symposium titled ‘Poverty Alleviation in an Era of Economic Crisis’, former Director of the Natural Resources Management Centre (NRMC) of the Ministry of Agriculture Dr. Ranjith […]