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Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
By Uditha Devapriya A recent World Food Programme report underlines the magnitude of the food crisis in Sri Lanka. The report shows that 36% of the country’s households are effectively food insecure, while 76% are engaging in “food-coping strategies.” 35% of the country’s households are “facing insufficient food consumption”, while female-headed households (44%) are “...
[…]The post Amnesty, Purpose, Effect & Fairness appeared first on Colombo Telegraph.
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
Only those who could survive this crisis are the ones who could make earnings in foreign currency, Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe recently said.The post Businesses with dollar income sources will only survive this crisis – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Old Practices Must Give Way To accountability & Reconciliation appeared first on Colombo Telegraph.
By Jehan Perera The night bus to Jaffna was also fully booked. Those who had returned on holiday from the diaspora were happy to be back and to share their views. One said he had spent two weeks in Colombo and was now on his way to spend two weeks in Jaffna. He spoke fondly of the […]
President Ranil Wickremesinghe stressed that everyone should unite to fulfil their moral responsibility for the country, sidelining the traditional political system of trying to grab power at the next election by palming off all the responsibilities on the government.The post Step out of traditional politics and fulfil moral responsibility – President appeared first on Sri Lanka News - Lates...
[…]The post The Retold South Korea Success Story: How Should Sri Lanka Emulate It? appeared first on Colombo Telegraph.
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
BY Dr. C. S. Weeraratna csweera@sltnet.lk According to United Nations’ Committee on World Food Security, “Food security is achieved when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life. The Food and Agriculture Organization […]
When reports of Chinese People’s Liberation Army (PLA) Air Force focussing on pilot training and high efficiency came in the Chinese media last year, nobody ever thought that Beijing may be involved in poaching foreign pilots. The concerns have grown now. In October, Australia and the UK had separately begun probe into reports that their […]
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal, stating that 28 percent of the population faces […]
Australian Government-funded Skills for Inclusive Growth Program (S4IG), managed by Palladium International Group entered into an MoU with Cinnamon Hotel Management Ltd (CHML) to achieve several strategic results in Colombo recently. S4IG is a programme by the Department of Foreign Affairs and Trade (DFAT) in accordance with the terms of a subsidiary agreement signed on […]
To address the looming shortage of grains for the animal feed industry and maize based food items due to the ongoing socio-economic crisis in Sri Lanka, as a part of the response efforts through the United Nations (UN) joint Humanitarian Needs and Priorities (HNP) Plan, the Royal Thai Embassy
[…]The post Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap appeared first on Colombo Telegraph.
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka’s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country’s worst-ever economic crisis.The post Human Rights Watch urges major creditors to help restructure Sri Lanka’s debts appeared first on Sri Lanka News - Lat...
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s gross official reserves were estimated at US dollars 1.7 billion as of end October 2022, including the swap facility from the People’s Bank of China, equivalent to around US dollars 1.4 billion, which has certain conditionalities on usability, the Central Bank of Sri Lanka said today. The Central Bank said that the merchandise […]
[…]The post National Council’s Economic Stabilisation Report Is A Welcome Sign appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe stated that the measures to strengthen the economy under a five-year plan are envisaged in the budget proposal for 2023 which has the potential to bring about a transformative economic change within the period between 2023 and 2027.The post Initial steps taken through budget to strengthen economy under five-year plan – President appeared first on Sri...
The Government noted there is a shortage of staff in Sri Lanka’s Foreign Service. The Ministerial Consultative Committee on Foreign Affairs said that the recruitment of staff to the Foreign Service has not been carried out since 2018. As a result, there is a shortfall of qualified staff
Despite the sharp electricity tariff revision in August, it would not be enough to cover the Ceylon Electricity Board’s (CEB) operating costs, according to Fitch Ratings. The government increased the average electricity tariff by 75 percent in August 2022, amid higher feedstock costs, resulting in large losses for the CEB.The post Tariff hike not enough to cover Ceylon Electricity Board’s op...
[…]The post Budget 2023 Will Be The Acid Test Of RW’s Magic Wand appeared first on Colombo Telegraph.
By Dr. Ajith Kumara Consultant Physician President, All Ceylon Medical Officers Association Prof. Senaka Bibile is the greatest medical benefactor of humanity that Sri Lanka has hitherto produced. As a student, he was an all-rounder; he excelled in in academic and extracurricular activities including sports and art. He completed his First, Second and Final M.B. […]
According to the United Nations’ Committee on World Food Security “Food security is achieved when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life”. The Food and Agriculture Organization (FAO) and World Food Programme […]
Faithful urged to refrain from making Christmas a ‘mere occasion for external celebrations’ Catholic bishops have urged devotees to provide medicines and dry rations for the needy at a time when Sri Lankan is mired in crises.The Catholic Bishops’ Conference of Sri Lanka (CBCSL), in a statement released on Oct. 28, urged people to be […]
[…]The post Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 appeared first on Colombo Telegraph.
Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits
"With this agreement, Sri Lanka and the Netherlands will be able to start direct flights."