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Sri Lankan President Ranil Wickremesinghe urged political parties to collaborate with the government in safeguarding the country’s economic stability by ensuring the success of the agreement with the International Monetary Fund (IMF).The post Sri Lanka President urges unity to safeguard economic stability amid IMF deal appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka...
By Chaminda Silva President Ranil Wickremesinghe yesterday (May Day) urged the JVP-led NPP, the SJB and other political parties not to undermine ongoing economic recovery efforts. UNP leader Wickremesinghe said they were duty-bound to ensure the continuation of the measures taken since July 2022 to restore normalcy in the country. Addressing the UNP May Day […]
Leader of the National People s Power (NPP) Anura Kumara Dissanayake, while addressing a May Day rally on Wednesday, urged the Samagi Jana Balavegaya (SJB) to confirm a date before May 20 for the proposed debate on the policies of both parties on economic issues.
Microsoft has announced plans to invest $1.7bn in artificial intelligence and cloud services in Indonesia. Under the plans unveiled by Microsoft CEO Satya Nadella, the tech giant will train 840,000 people in Indonesia in the use of AI and provide support for the country’s growing ranks of tech developers. The announcement marks the biggest investment […]
President Ranil Wickremesinghe insisted that he is not a dictator and that he has taken steps to protect democracy. Speaking at the United National Party (UNP) May Day rally in Colombo, Wickremesinghe said that he has allowed all the political parties to stage May Day rallies across the country. He said that such freedom was […]
We are celebrating the 138th International Workers' Day on the historical records written with blood, sweat, efforts and sacrifices of the working people.This time we are celebrating it at a critical moment when an unprecedented economic crisis in our history has created many challenges within the workplace.However, in the face of any agreement, we do not ignore the labour rights. We decide on the...
On the 138th observance of World Labour Day, born from a historic struggle for rights, our nation stands at a pivotal moment. Regardless of political affiliations, it falls upon each of us to shoulder the unshakable duty of fortifying our economy and propelling our nation onward. During the recent
Sri Lankan President Ranil Wickremesinghe has released a message for the 138th observance of World Labour Day.The post Sri Lanka President Ranil Wickremesinghe’s Labour Day Message appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The International Monetary Fund (IMF) wants Sri Lanka to work on governance issues and to also stick to the IMF supported program. Krishna Srinivasan, IMF Director of the Asia and Pacific Department noted that Sri Lankans faced a very difficult challenge when they embarked on the IMF program. “And so far, what we’ve seen is […]
Wednesday 1st May, 2024 Another International Workers’ Day has dawned. Grand preparations have been made in this country to celebrate it amidst an unprecedented economic crisis. These celebrations, however, have little or nothing to do with workers; they have apparently everything to do with political parties and their leaders. The next presidential election is only […]
President Ranil Wickremesinghe in his World Labour Day message invited all political parties to join hands in charting a path towards a prosperous future for our nation. The full text of the President’s Labour Day Message: “On the 138th observance of World Labour Day, born from a historic struggle for rights, our nation stands at […]
[…]The post May Day Thoughts: Political Economy Of The Ranil-SLPP-SLFP-UNP-SJB Convergence appeared first on Colombo Telegraph.
has made recommendations aimed at increasing the tourism economy of the southern province by five […]
Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial assistance. Late on Monday night, Pakistan’s Ministry of Finance […]
Video: Sri Lanka’s economy expected to grow by 3% in 2024 - CBSL (English)
SIPRI Report Reveals India’s Surge in Military Spending, Self-Reliance Drive Amidst Escalating Geopolitical Tensions The latest report by the Stockholm International Peace Research Institute (SIPRI) paints a picture of India’s burgeoning military prowess, showcasing a significant climb in global rankings. With a military expenditure totaling $83.6 billion in 2023, India secured the fou...
By N Sathiya Moorthy If there is one job that is more difficult than being the CEO of a global government, it is being the elected Executive President of Sri Lanka – or, any other democracy of disproportionate sizes. Notwithstanding what incumbent Ranil Wickremesinghe has since said about the future of Executive Presidency – conveniently, […]
The Urban Development and Housing Ministry is planning to open a wax museum at the Ehelepola Walawwa, Kandy, depicting life in the Kandyan era. The Walawwa, believed to have been built between 1800-1810, sits on a 141-perch land. It had been under the Prisons Department until 2013, when it was taken over by the Urban […]
Monday 29th April, 2024 The Committee on Public Finance (COPF), headed by SJB MP Dr. Harsha de Silva, is reported to have called upon the government to re-evaluate its tax policies, systems and mechanisms to boost state revenue. It has reportedly explained revenue losses in terms of what has come to be known as the […]
By Khalid Hamoud Alkahtani The Kingdom of Saudi Arabia is hosting the first-ever special meeting of the World Economic Forum in the capital, Riyadh, which will discuss many important issues such as international cooperation, growth, and energy during the period 28th -29th April 2024. This event is one of the outcomes of the cooperation agreement […]
* Timely intervention prevents farmers from dumping their crop on open fields * Purchased over 30 metric tons of surplus tomato on April 26 * The deal favourable for farmers is akin to a forward commodity pricing arrangement * Surplus tomato will be processed to manufacture KIST tomato sauce by Sanath Nanayakkare KIST food brand […]
The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus
[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
Video: ‘Economy has stabilized, growth is now emerging’ - Semasinghe (English)
Royal Challengers Bengaluru overcame any vulnerabilities against spin in some style against Gujarat Titans, running down a target of 201 with nine wickets in hand and four overs to spare in Ahmedabad. Virat Kohli’s unbeaten 70 off 44 balls – 34 of them against spin – led the charge before a blitz from Will Jacks […]
In the sleepy, verdant village of Ambagaswewa, in the Polonnaruwa district of Sri Lanka’s North Central province, 63-year-old TMH Gamini Sunil Thennakoon’s life is peaceful for the most part. On the brink of retirement, he still spends most days out working his rice paddies but is also content spending his days playing with his grandchildren […]
State Minister of Finance Shehan Semasinghe says that Sri Lanka s economy has been stabilized with the continuous appreciation of Sri Lankan Rupee, and the growth is now emerging.
[…]The post From Absurdities To Atrocities, Again? appeared first on Colombo Telegraph.
By SHIHAR ANEEZ ECONOMYNEXT –Sri Lanka has allowed a German research vessel for replenishment in Colombo port for the second time following the clarification from the island nation’s Foreign Ministry after Chinese protest. “It’s the same German research vessel came last month. It came around New Year time when it was returning and the ship was […]
Japanese Foreign Minister Yoko Kamikawa is to visit Sri Lanka this week, the Japanese Foreign Ministry announced. According to the Kathmandu Post, Kamikawa will arrive in Kathmandu on May 4 via Sri Lanka on a two-day Nepal visit. Japan has established a deep relationship of trust with both Sri Lanka and Nepal based on long […]