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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 […]
-oriented economy based on market economy. The President underscored the importance […]
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
President Ranil Wickremesinghe emphasized the government s aim to create a highly competitive, export-oriented economy based on market economy, expressing full faith in the business community of the country.
[…]The post Debate Between Presidential Candidates First: A Point Of View appeared first on Colombo Telegraph.
The Sri Lankan Government says the economy has stabilized and growth is now emerging. State Minister of Finance Shehan Semasinghe said that the currency appreciated from Rs. 360/USD in 2022 to Rs. 300/USD at present. “It is important to understand that exchange rates in Sri Lanka is Market
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Ranil Wickremesinghe expressed his dedication to fostering an economic landscape in the nation that would prevent future struggles among its citizens. Emphasizing the swift reconstruction of the economy within a mere two-year span, he underscored his resolve to elevate the standard
Japan has provided a grant of US$3 million through the Food and Agriculture Organization of the United Nations (FAO), to strengthen inland fisheries and improve rural livelihoods in partnership with the Ministry of Fisheries in Sri Lanka. The US$ 3 million initiative will bolster food and nutritional security and fortify resilience by establishing four community […]
President Ranil Wickremesinghe appealed to the public not to back another ‘Aragalaya’. He said there is no need to create instability and force the economy to collapse. The President sought support to move forward and create a better Sri Lanka. He was speaking
The stock market serves as a nexus where millions of buyers and sellers converge to engage in transactions. At its core, each transaction represents an agreement between a buyer and a seller, with the central element being the price. This price is not static; it fluctuates continuously, reflecting the equilibrium between supply and demand. The […]