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The Parliament is scheduled to meet from 3rd to 6th October. The parliamentary business related to this week has been decided at the Committee on Parliamentary Business chaired by Speaker Mahinda Yapa Abeywardena on 22nd of September. Accordingly, time from 09.30 a.m. to 10.30 a.m. on each day has been allotted for Questions for Oral […]
By Saman Indrajith Minister of Justice, Prisons Affairs and Constitutional Reforms, Wijeyadasa Rajapakshe will present the Anti-Terrorism Bill, while Minister of Public Security, Tiran Alles, will present the Online Safety Bill to Parliament on 03 October. Below are the bills to be debated during the Parliament week. On Tuesday, 03 October 2023, from 10.30 am […]
[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
President Ranil Wickremesinghe delivering the opening speech at the ‘Berlin Global’ Dialogue in Berlin, Germany, today (28), expressed the need for a comprehensive dialogue between Western nations and China, the United States of America and China and the European Union and China, as a critical component of a robust international plan capable of addressing the […]
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall
By Shamindra Ferdinando Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (25) questioned the conduct of some MPs who sought to direct public anger at officials over the economic crisis. Alleging that such an attempt had been made last year in the wake of attacks on politicians
By N Sathiya Moorthy First, it was former Central Bank Governor Dr Indrajith Kumaraswamy. He was the chosen man of President Ranil Wickremesinghe, the then Prime Minister, for the job after his previous choice from Singapore, Arjuna Mahendran, scooted away in the light of the ‘bonds scam’ expose. The man is yet to be traced, for […]
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage.The post Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last instalment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh […]
[…]The post 117th Birth Anniversary & Long Legacy Of JR Jayewardene appeared first on Colombo Telegraph.
Abolition of time-tested Exchange Control Act Only 18 opposed it and 113 skipped vote By Shamindra Ferdinando Amidst allegations that the abolition of the time-tested Exchange Control Act of 1953 contributed to the country’s bankruptcy and foreign exchange crisis, The Island, in terms
[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO appeared first on Colombo Telegraph.
Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
The Sri Lanka Delegation, led by President Ranil Wickremesinghe, engaged in high-level discussions with World Bank President Mr. Ajay Banga and other World Bank officials at the World Bank Headquarters (UNHQ) yesterday (September 18).The post Sri Lanka President Ranil Wickremesinghe meets with World Bank Chief Ajay Banga appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]
The Chinese spy ship ‘Shi Yan 6’ has entered the Malacca strait, bound for Colombo, amid confusion over whether Sri Lanka has granted access for the spy vessel to dock at Colombo. According to reports last month, the Sri Lankan Defence Ministry has granted Shi Yan 6 access to dock at Colombo port. However, the Sri Lankan […]
[…]The post The Apologetic Custodian Of The EPF Is Also A Victim appeared first on Colombo Telegraph.
[…]The post IMF Is Not The Ultimate Arbiter, The People Are! appeared first on Colombo Telegraph.
Friday 15th September, 2023 Nobody dared trifle with Gotabaya Rajapaksa when he was the Defence Secretary. It was jokingly said then that he exercised 50% of President Mahinda Rjapaksa’s executive powers! Many a true word is said to be spoken in jest. Even senior Cabinet ministers used to bow and scrape before him. Never did […]
The first review of the International Monetary Fund’s Extended Fund Facility (EFF) for Sri Lanka is slated to commence today (September 14).The post First review of IMF’s Extended Fund Facility for Sri Lanka to commence today appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has accepted offers to exchange about $10 billion worth of defaulted local debt for new bonds, the Finance Ministry said on Tuesday, taking it a step towards meeting debt restructuring requirements ahead of an International Monetary Fund (IMF) review.The post Sri Lanka announces $10 billion local bond swap deal ahead of IMF visit appeared first on ONLANKA - Sri Lanka Latest Breaking News...
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
The G20 joint declaration in Delhi is being described as a significant diplomatic win for India. The agreement of a joint statement looked almost impossible a few days ago, given how sharply divided the group was over Russia’s invasion of Ukraine. In the end, we had a declaration that garnered unanimous support from all G20 […]
By HIMAL KOTELAWALA ECONOMYNEXT – If Sri Lanka allows elections to distract from the path of recovery, stabilization and growth, the country will be hit by a fresh crisis far worse than any before, former central bank governor Indrajit Coomaraswamy said. Speaking at a forum organized by Cal
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
World leaders have been gathering in India ahead of a G20 summit between nations that are divided on many issues, the biggest being the war in Ukraine following Russia’s invasion. On Friday evening US President Joe Biden met his host, Indian Prime Minister Narendra Modi, with the leaders pledging cooperation in a raft of areas. […]
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
Tuesday 5th September, 2023 A poor man who recently walked along a road, carrying a jackfruit, in Gampola, while President Ranil Wickremesinghe’s motorcade was passing through the area is reportedly in trouble. Media reports say the police have initiated an investigation, claiming that he did so by way of protest. Even if he had protested […]