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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 […]
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 […]
[…]The post Why The Shock Over IMF’s Diagnostic Report? appeared first on Colombo Telegraph.
World Tourism Day, celebrated globally on September 27th, serves as a reminder of the pivotal role tourism plays in fostering economic growth, cultural exchange and environmental preservation. In commemoration of World Tourism Day, Browns Hotels & Resorts, a leading name in Sri Lankan hospitality, hosted a thought-provoking forum at their renowned coastal retreat, Thaala Bentota. […]
The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation
The World Bank revised up its forecasts for Sri Lanka s economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.
[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Over 200 corporate leaders attended the second Economic Forum sponsored by HSBC recently which was to discuss and share insights into the latest global trends and opportunities emerging for economic growth in Sri Lanka. Frederic Neumann, HSBC’s Chief Asia Economist and Co-Head of Global Research for HSBC Asia along with Aayushi Chaudhary, HSBC Economist for […]
Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]
Piyumi Ranadewa is a Research Assistant working on migration and urbanisation policy research at IPS. She holds a BSc (Hons) in Agriculture, specialising in Agriculture Economics and Business (First Class) from Wayamba University of Sri Lanka, graduating with Dean’s Honours. She also holds a Master of Agri-Enterprise and Technology Management from Wayamba University of Sri […]
Former State Minister Dr. Nalaka Godahewa, MP yesterday pointed out that a careful look at the Central Bank’s 2023 data revealed that the much-touted promise to build a thriving export-oriented economy under the current government was only a pipedream. Addressing the media at the Nidahasa office
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
[…]The post ZeroPlastic Global Movement: A Beacon Of Hope In The Battle Against Plastic Pollution appeared first on Colombo Telegraph.
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
Sri Lanka has underscored the critical importance of continuing with the EU GSP Plus tariff concessions to support the country’s transformative journey towards economic recovery. The Ambassador of Sri Lanka to the European Union, Grace Asirwatham, hosted a group of Members of the European Parliament (MEPs) who are part of the Friends of Sri Lanka […]
A proposal, set to take effect from October 1, 2023, stipulates rates of USD 130 for 5-star hotels, USD 100 for 4-star hotels, and USD 80 for 3-star hotels within the city of Colombo. While the authorities argue that this measure aims to counter underpricing by higher-tier hotels, this policy threatens to undermine the growth […]
[…]The post Wickremesinghe Is Caught Between A Rock & A Hard Place appeared first on Colombo Telegraph.
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
[…]The post India Is Over The Moon, Ranil Wants Sri Lankan Children Taught Hindi & Chinese appeared first on Colombo Telegraph.
Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth.The post Sri Lanka Holds Rates After Bank Cash Ratio Cut for Growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Rathindra Kuruwita The Forest Conservation and Wildlife Departments held about two million hectares of land between them in Sri Lanka’s dry zone, Director General of Wildlife Conservation, Chandana Sooriyabandara, said. The Department also had water bowsers with a total capacity of 400,000 litres of water, he said, adding that they could pump 600,000 litres […]
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
Wang Yi, Director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, (and Foreign Minister) said, on Wednesday, that China would help Sri Lanka effectively address the challenges of financial debt. Wang, also a member of the Political Bureau of the CPC Central Committee, said so during […]
Wang Yi, director of the Office of the Central Commission for Foreign Affairs, vowed that China will help Sri Lanka effectively address the challenges of financial debt on Wednesday.The post China to help Sri Lanka address challenges of financial debt – Foreign Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
that the foreign guests helped boost the country’s economy and deserved […]
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
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 […]