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[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CB eases monetary conditions by reducing its interest rates (Category: Breaking News)
The Civil Society Initiative on Anti-Corruption Reform for Economic Recovery, comprising Transparency International Sri Lanka (TISL), Verité Research, the Centre for Policy Alternatives (CPA), Sarvodaya, People’s Action for Free and Fair Elections (PAFFREL) and the National Peace Council (NPC) (the CSI Core Group) has reiterateed its view that governance and anti-corruption priorities that have be...
- Delays in governance and transparency reforms in Lanka’s IMF bailout programme, says Verité Rese... (Category: Breaking News)
- IMF should oppose restrictions on Freedom of Expression, Civil Society Groups (Category: Breaking News)
- Corruption stifles economic recovery – civil society groups (Category: Breaking News)
- Govt gazettes new anti-corruption bill after IMF deal (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared
- The President desires to make the most of the development opportunities in the Indian Ocean regi... (Category: Breaking News)
- Rupees 1,500 million allocated for ‘Greater Kandy Urban Development Program’ – State Minister fo... (Category: Breaking News)
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
[…]The post Lending In A Recession: Banks Should Do Venture Capital Financing For Startups appeared first on Colombo Telegraph.
- Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. An... (Category: Breaking News)
- Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II (Category: Breaking News)
- Debate Over Profits Of Banks: Who Shares Them Ultimately? (Category: Breaking News)
- Four Popular Fallacies Relating To Central Banking (Category: Breaking News)
[…]The post 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! appeared first on Colombo Telegraph.
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Keeping The Risen-Up Electorate Awake; An Imperative! (Category: Breaking News)
- Politics & Death Of Sanath Nishantha: Some Sombre Lessons & Reflections (Category: Breaking News)
- Beyond Ousting The Shamed ‘Suhartos’ Of Sri Lanka! (Category: Breaking News)
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances ... (Category: Breaking News)
- Proposed Enactment Of The Economic Transformation Bill (Category: Breaking News)
By Uditha Devapriya On Tuesday, December 12, the UN General Assembly passed a resolution demanding a humanitarian ceasefire in Gaza. The United States was one of 10 countries to oppose, the others including Guatemala, Nauru, and Paraguay, and of course Israel. New Zealand, Canada, and Australia were among the 153 countries to vote in favour, […]
- Quandaries for world community from Mid-East tangle (Category: Breaking News)
- Will this massacre of the innocent ever stop? (Category: Breaking News)
- Gaza conflict: CP blames Israel (Category: Breaking News)
- UN Security Council to vote Friday on US resolution on Gaza ceasefire (Category: Breaking News)
By MEERA SRINIVASAN As Sri Lanka tries to rebuild its battered economy after last year’s devastating crisis, the country’s political scene is gradually heating up, in the run up to two national elections scheduled next year — parliamentary and presidential — that will give citizens
- What is Jathika Chinthanaya? (Category: Breaking News)
- AKD: JVP-led NPP will not undermine India’s national security (Category: Breaking News)
- AKD & The JVP-NPP Should Tick All The Boxes To Win, Not Risk A Third Defeat (Category: Breaking News)
- Feminist Revolt & Masculinity Pitfalls In The Bolshevik Camp: Sri Lanka’s Election Prelude (Category: Breaking News)
Major General Harendra Peiris of Gajaba Regiment has been appointed the Chief of Staff of Sri Lanka Army with effect from today (December16).The post Major General Harendra Peiris appointed as new Army Chief of Staff appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Maj. Gen. Harendra Pieris appointed new Chief of Staff of Army (Category: Breaking News)
- New Chief of Staff appointed to Sri Lanka Army (Category: Breaking News)
- New Chief of Staff appointed to Sri Lanka Army (Category: Breaking News)
- Sri Lanka Army appoints new Chief of Staff (Category: Breaking News)
[…]The post We Must Be More Engaged: Climate Change Effects Are Unlikely To Be Kind! appeared first on Colombo Telegraph.
- The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems (Category: Breaking News)
- The NPP/JVP Document: Reflections On The “Rapid Response” (Category: Breaking News)
- Glyphosate Cannot Be A Cause Of CKDu: Not On This Evidence! (Category: Breaking News)
- Climate Change: A Red Flag For Environmental Security In Sri Lanka (Category: Breaking News)
… explains how Parliament enacted harmful laws By Shamindra Ferdinando Veteran lawyer Kalyananda Thiranagama said that the ruling Sri Lanka Podujana Peremuna (SLPP) should be held responsible for backing President Ranil Wickremesinghe’s economic strategy meant to privatise the remaining state enterprises. Addressing a public gathering in Colombo, the liberal civil society activist emphasised that ...
- Kanchana’s warning to restrict fuel supplies irrelevant, all imports already disrupted-SJB (Category: Breaking News)
- SLPP defends PTA, calls for probe into ‘terror’ angle (Category: Breaking News)
- GR’s ouster: Speaker urged to name foreign elements (Category: Breaking News)
- President’s agenda on track (Category: Breaking News)
Sri Lanka's economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as the country claws its way back from its worst financial crisis in more than seven decades following a record fall in foreign exchange reserves.The post Sri Lanka’s economy returns
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s Economy suffers worst contraction in 2022 (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka’s economy shrinks 11.8% in second-worst performance (Category: Breaking News)
Sri Lanka’s public security minister, Tiran Alles, is the first sitting Sri Lankan Minister to be identified in the International Consortium of Investigative Journalists’ Pandora Papers data trove as having offshore holdings. An ICIJ analysis of the leaked records and U.K.’s public property register shows that Alles, a media tycoon and politician, owns two British […]
- HRC to summon Public Security Minister (Category: Breaking News)
- Minister reveals MPs requesting to transfer, promote cops (Category: Breaking News)
- Tiran claims diplomat asked him to scrap Online Safety Bill (Category: Breaking News)
- HRCSL says Tiran not summoned but only requested to attend (Category: Breaking News)
‘Pact with Ranil makes whole exercise meaningless’ By Shamindra Ferdinando Dissident SLPP MP Charitha Herath yesterday (14) said that the ruling party would hold its second convention today against the developing crisis that threatened its very existence just eight years after its formation
- Resignation contagion (Category: Breaking News)
- State sector reforms: Herath endorses Ranil’s agenda (Category: Breaking News)
- Prez accused of seeking to gain total control of public finance (Category: Breaking News)
- APC on 13A: SLPP rebels reject President’s latest endeavour, ask govt. to speak with one voice (Category: Breaking News)
The United States of America has welcomed the positive completion of the International Monetary Fund’s (IMF) first review of the Extended Fund Facility (EFF) with Sri Lanka.The post United States welcomes IMF board approval for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- U.S. assures support for restructuring Sri Lanka debt (Category: Breaking News)
- U.S. and Sri Lanka National Security Advisors discuss mutual support and regional stability (Category: Breaking News)
- United States donates 3000 tonnes of food to feed Sri Lankan school children (Category: Breaking News)
- US reaffirms strong support for Sri Lankans seeking justice and equal rights (Category: Breaking News)
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- IMF to conduct bailout review for Sri Lanka in September (Category: Breaking News)
By Shamindra Ferdinando Chairman of the Committee on Ways and Means Patali Champika Ranawaka on Tuesday (12) alleged that the Finance Ministry had allowed the operation of a distillery in spite of that company failing to pay taxes. The former minister said that the country lost millions for want of political will to recover what that company owed […]
- Govt. MP slams Finance Ministry over gaping holes in tax collection system (Category: Breaking News)
- Corrupt elements use Parliament, Finance Ministry to evade taxes (Category: Breaking News)
- Parliament flays FM, etc., for revenue shortfalls: Siyambalapitya says situation not properly as... (Category: Breaking News)
- Accusations reiterated, explanation sought from FM (Category: Breaking News)
Launch of 2024 Asia-Pacific Human Development Report The narrative of human development in Asia and the Pacific has been one marked by advancement, inequality, and unforeseen challenges. Against this backdrop, the launch of the United Nations Development Programme (UNDP)’s 2024 Asia-Pacific Human Development Report in November, represents a crucial step in revitalising human development amidst [...
- Sri Lanka tops South Asia in Human Development (Category: Breaking News)
- Sri Lanka moving in right direction, top UN official says (Category: Breaking News)
- UNDP s Global Human Development Report handed over to PM (Category: Breaking News)
- UNDP s Global Human Development Report handed over to PM (Category: Breaking News)
By Easwaran Rutnam in Adelaide The New Zealand High Commissioner to Sri Lanka Michael Appleton is to be appointed as Senior Foreign Affairs Adviser to New Zealand’s Minister of Foreign Affairs (and Deputy Prime Minister) Winston Peters. Appleton will return to New Zealand next month after completing his term in Sri Lanka. “I arrived in […]
- New Zealand insists Kiwis not advised against travelling to Sri Lanka (Category: Breaking News)
- New Zealand and Sri Lanka discuss potential areas of cooperation (Category: Breaking News)
- New Zealand assures Sri Lanka continuous assistance (Category: Breaking News)
- Fonterra provides free milk powder to 70,000 low-income families (Category: Breaking News)
President Ranil Wickremesinghe has revealed that several international parties have expressed their willingness to climb aboard Sri Lanka s initiatives to tackle the looming climate crisis.
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 […]
- US Senators table resolution on Sri Lanka (Category: Breaking News)
- Leading U.S. Senators unveil a resolution calling for International approach to address Sri Lank... (Category: Breaking News)
- Türkiye insists will not sign resolution on Sri Lanka (Category: Breaking News)
- Canada imposes sanctions on Gotabaya, Mahinda and 2 others (Category: Breaking News)
A delegation led by the Australian High Commissioner to Sri Lanka, Paul Stephens met Defence Secretary of Sri Lanka, General Kamal Gunaratne at the Defence Headquarters Complex of Sri Lanka in Sri Jayewardenepura, Kotte on Tuesday (December 12) and had a cordial discussion.The post Australian High Commissioner discusses strengthening border security with Sri Lankan Defence Secretary appeared firs...
- Sri Lanka, Russia explore avenues for enhanced defence cooperation (Category: Breaking News)
- General Kamal Gunaratne re-appointed as Defence Secretary (Category: Breaking News)
- Plans afoot to set up permanent office for ex-servicemen- Defence Secretary (Category: Breaking News)
- Preventive measures have dealt a severe blow to drug traffickers - Defence Secretary (Category: Breaking News)
Sri Lanka currently imports most of its energy needs, including oil, coal and hydrocarbons. To ease the economic burden, the island nation aims to generate 70% of its electricity from renewable sources by 2030.The post Sri Lanka approves nuclear power plant construction with Russia as top contender appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka s first nuclear power plant expected to be built by 2032 (Category: Breaking News)
- Sri Lanka in talks with Russia to build nuclear power plant (Category: Breaking News)
- Sri Lanka seeks investors for nuclear power plants (Category: Breaking News)
- IAEA studying plans to build nuclear power plant in Sri Lanka (Category: Breaking News)
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
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
President Ranil Wickremesinghe has invited former greats Aravinda de Silva and Sidath Wettimuny to spearhead a committee that will take the game of cricket to far off villages. This trust to be established soon will include a member from the Chamber of Commerce as well and will be independent from Sri Lanka Cricket. A sum […]
- 15-member Sri Lanka squad named for ICC World Cup 2023 (Category: Breaking News)
- Sri Lanka Cricket bankrupt, no salary for workers (Category: Breaking News)
- Sports Minister appoints 03-member cricket coordination committee (Category: Breaking News)
- ICC suspends Sri Lanka Cricket s membership (Category: Breaking News)
By Shamindra Ferdinando One-time Foreign Secretary Kshenuka Senewiratne and Admiral Ravindra Chandrasiri Wijegunaratne (Rtd.) on Dec 04, 2023 assumed duties at the Sri Lankan High Commission in New Delhi and Islamabad, respectively. It would be pertinent to mention that Wijegunaratne previously served as the First Secretary/Defence Advisor of Sri Lanka High Commission in New Delhi […]
- Indo-Lanka relations:Shared challenges and ‘Quad’ strategies (Category: Breaking News)
- The Katchatheevu politics (Category: Breaking News)
- Vanni war and Israel-Gaza conflict: Funding catastrophes (Category: Breaking News)
- Norway departs as Indo-Lanka relations enter a new phase (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 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 […]
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
- IMF reaches crucial staff-level agreement with Sri Lanka following first review (Category: Breaking News)
- Human Rights Watch fears IMF loan could erode rights in Sri Lanka (Category: Breaking News)
[…]The post Why NPP? appeared first on Colombo Telegraph.
- Homework For NPP (Category: Breaking News)
- NPP Deserves Fairness From Critics (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- Politics Of Paranoia (Category: Breaking News)
[…]The post Intrusions From Departed Relatives During “Bed-Business” appeared first on Colombo Telegraph.
- The Case For (And Against) Anura Kumara Dissanayake (Category: Breaking News)
- AKD’s Offer To Form An Interim Administration Is Sensible (Category: Breaking News)
- Manikavasagam’s News Experience, A News Textbook (Category: Breaking News)
- Two Toronto-Based Writers Short-Listed For Top Literary Award In Sri Lanka (Category: Breaking News)
[…]The post Ground Discontents Not Removed By Reconciliation Moves appeared first on Colombo Telegraph.
- Don’t Disregard The Less Privileged (Category: Breaking News)
- Rise & Fall Of Nationalism In North & South (Category: Breaking News)
- Spirit of reconciliation in the air (Category: Breaking News)
- The Hardware & Software Of Reconciliation (Category: Breaking News)
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