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[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III appeared first on Colombo Telegraph.
The World Bank is mulling local currency lending in countries like India to help borrowers save on costs, a senior official said on Friday. “How do we do local currency lending for a country like India is also something we are trying to think of at a price which is advantageous to this country,” Anshula […]
The International Chamber of Commerce Sri Lanka (ICC Sri Lanka), the Chartered Institute of Management Accountants (CIMA), and Daily FT have launched Sri Lanka’s Most Admired Companies Awards for the fifth consecutive year. The awards recognise companies for their financial performance, and their ability to practice sustainable and ethical ways of business for their employees, […]
Brookfield Asset Management, a global alternative asset manager, has signed a Memorandum of Understanding (MoU) with Reliance Industries. The MoU aims to explore opportunities for manufacturing renewable energy and decarbonisation equipment in Australia, fostering the nation’s energy transition and fostering sustainable development. Australia’s energy transition has been gaining momentum in recent...
Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister said on Tuesday.The post Sri Lanka says China’s Sinopec to start operations September 20 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Prime Minister Narendra Modi said his government was making every effort to restore peace in the state of Manipur as he addressed the country on its 77th independence day. “I want to tell the people of Manipur that the country is with you,” Modi said. On Tuesday, he unfurled the national flag at the historic […]
[…]The post Nation Cast Out Of Paradise Reemerges appeared first on Colombo Telegraph.
by Jehan Perera A little publicised march wended its way from Talaimannar in the north-west coast to Matale in the central hills. The march retraced the jungle track of 200 years ago that brought a flow of men and women in the tens of thousands from the south of India to work on the newly […]
that the foreign guests helped boost the country’s economy and deserved […]
status and the national economy increased by 6 points to […]
Sri Lankan President Ranil Wickremesinghe underscored the imperative to fortify the nation’s economy, ensuring that forthcoming generations are spared from enduring the unfortunate period that both the country and its people have weathered in the past two years.The post Sri Lanka risks returning
President Ranil Wickremesinghe says the Board of Investment and the Export Board have fallen short in meeting the targets set to address the economic crisis. “Our aspiration is to construct a prosperous future for generations to come. It is our collective responsibility to fortify the economy
By N Sathiya Moorthy Recently, Education Minister Susil Premajayantha told Parliament that the Government was making efforts to increase the number of teachers across the country — but there would still remain a shortage of 26,000 teachers. His proposals include hiring retired and former teachers for provincial councils, which already have the funds allocated for the […]
By a Special Correspondent In a significant move aimed at safeguarding national security and curtailing the potential advancement of China’s military capabilities, US President Joe Biden has taken action by signing an executive order that imposes limitations on new US investments in China. The order targets specific sectors, most notably sensitive technologies like computer chips, […]
[…]The post Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off appeared first on Colombo Telegraph.
President Ranil Wickremesinghe participating in the 150th Anniversary celebration of St. Thomas College Matale said that it was imperative to fortify the nation’s economy, ensuring that forthcoming generations are spared from enduring the unfortunate period that both the country and its people
President Ranil Wickremesinghe underscored the imperative to fortify the nation s economy, ensuring that forthcoming generations are spared from enduring the unfortunate period that both the country and its people have weathered in the past two years.
Hatton National Bank PLC continued its steady performance in Q2 2023, posting a 1H 2023 PBT of Rs 13.6 Bn, while 1H 2023 PAT stood at Rs 8.6 Bn, growing 56% YoY. Meanwhile, the Group made a consolidated PBT and PAT of Rs 15.2 Bn and Rs 9.8 Bn respectively. Commenting on the performance, Nihal […]
[…]The post Debterioration Of Nations Social Security & Protection appeared first on Colombo Telegraph.
[…]The post IMF Economics & 13A Politics: Recipe For Unrest appeared first on Colombo Telegraph.
According to State Minister of Finance Shehan Semasinghe, the key pillars to Sri Lanka s future strategy are a strong and sustainable economic policy implementation, a digital economy, a green economy and a highly competitive economy.
by Rajan Philips PAKISTAN’S twisted political saga continues without the slightest deviation from a tired and predictable script. PTI chairman Imran Khan has been found guilty of “corrupt practices”, disqualified from representing the people of Pakistan, fined Rs100,000, and sentenced to three years in jail for good measure. Dawn (Pakistan Daily), August 6 Editorial The […]
[…]The post Ranil & His Options: Keep Running Or End The Executive Presidency appeared first on Colombo Telegraph.
By Shamindra Ferdinando Rebel SLPP MP Prof. Channa Jayasumana yesterday (11) said that former President Gotabaya Rajapaksa should make his position clear on his successor Ranil Wickremesinghe’s move to fully implement the 13th Amendment to the Constitution. Reiterating his strong opposition to President Wickremesinghe’s controversial plan, the Anuradhapura District MP stressed that Gotabaya Rajapa...
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
President Ranil Wickremesinghe emphasized the importance of capital, particularly financial and human, for driving growth.The post President emphasizes the importance of investing in capital and human resources for Sri Lanka’s economic advancement appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Saman Indrajith The SJB yesterday accused the government of using trickery to prevent the judicial review of its new laws to bring down the value of money in the Employment Provident Fund by 30% as a part of IMF dictated economic reforms. Chief Opposition Whip Kandy District MP Lakshman Kiriella said that the government […]
Friday 11th August, 2023 Signs are that the dark forces which hijacked Aragalaya in a bid to compass their sinister ends and almost succeeded in capturing Parliament, last year, are working overtime to make a comeback. Regrettably, the government is helping advance their anarchical agenda, albeit unwittingly, by refusing to heed public opinion and address […]
By Rathindra Kuruwita Giving full powers of the 13th Amendment to the Constitution to provincial councils controlled by henchmen appointed as Governors by President Ranil Wickremesinghe would have disastrous consequences for the country, General Secretary of the Communist Party of Sri Lanka (CPSL) Weerasumana Weerasinghe said. He said that the government was creating new issues […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Axacerbation? – Part II appeared first on Colombo Telegraph.