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Maria Fernanda Garza, the Chair of the International Chamber of Commerce (ICC), is set to visit Sri Lanka in October 2023. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Only Chamber to represented in United Nations, WTO and WIPO. Her first […]
WB pledges continuous technical support to the government and the private sector in shaping the 2030 strategy for a digital Sri Lanka.
by M. Rizwan Muzzammil According to an article in ‘The Diplomat’ (2nd Oct., 23), the Sri Lankan government has committed to supplying 70% of its domestic electricity, with renewable energy sources, by 2030, with the longer-term goal of achieving a fully renewable electricity supply by 2050. The government is incentivised by “debt-for-renewables swap”, which enables […]
In a pioneering move to bolster the small and medium-sized enterprise (SME) sector in Sri Lanka, the apex body of the ICT industry, FITIS, has unveiled the ÂDigiGo Digital Playbook for SMEs, the President s Media Division (PMD) said.
Even in a tournament with nine group-stage matches which allows room for a slip up or two, you don’t want to be 0-3 early in the competition. But that’s exactly the situation which will confront one of Australia and Sri Lanka after they face off in Lucknow in what already shapes as a contest to […]
[…]The post RW’s Political Dilemma appeared first on Colombo Telegraph.
In a pioneering move to bolster the small and medium-sized enterprise (SME) sector in Sri Lanka, the apex body of the ICT industry, FITIS, has unveiled the “DigiGo” Digital Playbook for SMEs. The launch event took place at a press conference recently at the President’s Media Centre, (PMC). Organized by the FITIS Digital Services Chapter, […]
The first section of Kenya’s Chinese-built railway was opened with much fanfare in 2017 – but two years later work on the tracks stopped in the middle of the country and the master plan of linking it to other landlocked countries in East Africa seems to have derailed. This means the project is not bringing […]
[…]The post Hamas Onslaught, Israeli Revenge & The Return Of Diplomacy appeared first on Colombo Telegraph.
[…]The post A Journey Down The Memory Lane, Flouters Of Democracy Have Got It In The Neck appeared first on Colombo Telegraph.
Video: Plans afoot to establish Japan-Sri Lanka Free Trade Zone to boost economy (English)
State Minister of Investment Promotion Dilum Amunugama on Friday (Oct. 13) announced plans to establish a Japan-Sri Lanka Free Trade Zone here.
The Ad Hoc Group of Bondholders of Sri Lanka has taken note of the progress Sri Lanka has made with its official sector creditors towards reaching an agreement in principle on a debt treatment within the framework of its IMF Programme. Consistent with the Group’s February 3, 2023 statement of financing assurances, and in line with the objectives which have been […]
Minister of State for Investment Promotion Dilum Amunugama, announced plans to establish a Japan-Sri Lanka Free Trade Zone in the country. He mentioned that the areas of Bingiriya and Iranavila have been selected for this purpose. The minister made this announcement during a news conference at the Presidential Media Centre, held under the theme ‘ Collective path to a stable country’.
Private creditors in Sri Lanka have submitted a restructuring proposal for the country’s $12 billion overseas debt, aiming to include a novel bond-type designed to ease repayments in the face of potential economic pressures, Reuters reported on Friday. The proposal, sent on 02 October, outlines a write-down on both capital and interest, the international news […]
The 11th Galle Dialogue International Maritime Conference, organized by the Sri Lanka Navy in collaboration with the Ministry of Defence and Geopolitical Cartographer (GC), commenced on October 12 at the Jetwing Lighthouse in Galle. Under the patronage of President and Commander-in-Chief of the Armed Forces, Ranil Wickremesinghe, and Commander of the Navy, Vice Admiral Priyantha […]
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
By Uditha Devapriya One of Sri Lanka’s most distinguished yet underrated economists, S. B. D. de Silva died five years ago, on June 15. His magnum opus, The Political Economy of Underdevelopment, remains as underrated and under-read – one could say unread – as he. First published by Routledge
A vice-ministerial-level meeting of three countries jointly chairing discussions between creditor nations working to resolve Sri Lanka s debt problems has been held in Morocco.
… asks for early cross-party consensus By Shamindra Ferdinando Former Governor of the Central Bank Dr. Indrajith Coomaraswamy yesterday (11) threw his weight behind the International Monetary Fund’s (IMF) call for far reaching measures meant to stabilize the economy. The Washington
Thursday 12th October, 2023 The Rajapaksa loyalists seem to have taken the masses for asses. Otherwise, they would not have expected the public to fall for their cheap ruses. Having crawled out of the woodwork, they are shedding copious tears for the people troubled by economic hardships. The SLPP MPs are protesting against the high […]
Output growth of South Asian countries, except Sri Lanka, is projected to remain stronger than in other regions of the world in the coming years, as per the World Bank’s latest South Asia Development Update, ‘Toward Faster, Cleaner Growth’. Growth in the region is stronger than elsewhere in the world, but it is nonetheless not […]
Inauguration of the National Information Technology and Business Process Management Career Fair presided by the President signals the commencement of a pioneering event.
Video: President invites private sector to make Sri Lanka’s economy more sustainable and tech-dr...
The International Monetary Fund (IMF) says despite the early signs of stabilization, Sri Lanka s full economic recovery is not yet assured.
President Ranil Wickremesinghe has invited the private sector to actively participate in the nation s journey towards a sustainable, technology-driven economy.
A blackmail scam is using instant loan apps to entrap and humiliate people across India and other countries in Asia, Africa, and Latin America. At least 60 Indians have killed themselves after being abused and threatened. A BBC undercover investigation has exposed those profiting from this deadly scam in India and China. Astha Sinhaa woke […]
Australia is seeking trade and investment framework arrangement with Sri Lanka. Australian Assistant Minister for Foreign Affairs Tim Watts, MP, who is in Colombo for the Indian Ocean Rim Association (IORA) Council of Ministers said that their growing economic ties with Sri Lanka would be enhanced through the signing of a renewed Trade and Investment […]
USD 73 mn down the drain? The US Embassy is on record as having said that USAID conducted a project at a cost of USD 73 mn during the Yahapalana administration (2015-2019) to enhance the efficiency of lawmakers and be responsive to the people they represent. In terms of this project, 50 Research Assistants of […]
Infinite Group, a global leader in the education sector with a presence in over ten countries worldwide, is leading the charge in revolutionising education services in Sri Lanka. Despite the economic downturn that saw the Sri Lankan economy shrink by 11.5% in the first quarter of 2023, Infinite