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Sri Lanka still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual update. The World Bank also said that Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following
By Jehan Perera Tracing history and going back to the colonial era, President Ranil Wickremesinghe has said that despite the adverse impact of world wars and internal conflicts, Sri Lanka has steadfastly upheld its democratic value of ensuring the functioning of both the government and the opposition without interruption. The president was addressing members of […]
Hardik Pandya’s return to the Wankhede Stadium as Mumbai Indians captain was far from a fairy tale, as the five-time champions lost their third game in a row, this time with 27 balls to spare. Rajasthan Royals – led by superb performances from Trent Boult, Yuzvendra Chahal and Riyan Parag gave them a thorough hammering […]
By N Sathiya Moorthy Reports that some ex-Servicemen from Sri Lanka had died fighting on either side of the unending Ukraine war should shock the nation’s consciousness. The question is not about the how of it but the why of it all – greed or economic condition that has forced them and others still out there […]
Somalia is keen to explore opportunities for partnerships with Sri Lanka, the President of Somalia Hassan Sheikh Mohamud said. Sri Lanka has identified potential areas of cooperation with Somalia as it lies on the crossroads of international maritime and global sea trade, providing easy access to markets in Africa, the Middle East and Europe. This […]
The bodies of eight Chinese nationals have been found on a beach in the Mexican state of Oaxaca after their boat capsized, officials say. The bodies were found on Friday along a route used by illegal migrants trying to reach the United States. The seven women and a man were on board a boat operated […]
Turkey’s main opposition party has claimed big election victories in the main cities of Istanbul and Ankara. The results are a significant blow for Recep Tayyip Erdogan, who had hoped to regain control of the cities less than a year after he claimed a third term as president. He led the campaign to win in […]
[…]The post Colombo University Business Economic Summit 2024: Keynote Address appeared first on Colombo Telegraph.
[…]The post Politics Behind Economic Recovery appeared first on Colombo Telegraph.
Six turbines of the wind power plants in Mannar have been removed to keep a 2-km corridor for bird migration. There have been concerning reports of former Viyathmaga members actively acting behind the scenes to stall a critical infrastructure project, which will provide Sri Lanka with cheap renewable energy and cut our dependence on fossil […]
[…]The post Russian Presidential Election Results appeared first on Colombo Telegraph.
The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country s economy which is hit by a staggering shortage of foreign currency and soaring inflation.
Eighteen-year-old Vishmi Gunaratne scored her first T20I half-century as Sri Lanka levelled the three-match series against South Africa with a seven-wicket win in Potchefstroom. Gunaratne and Ksvisha Dilhari shared an unbeaten fourth-wicket stand of 76 off 46 balls to successfully chase 138 after South Africa opted to bat first under stand-in captain Nadine de Klerk. […]
Headline inflation for March 2024, measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index, has dropped sharply to 0.9 percent in March 2024 from 5.9 percent in February 2024, the Central Bank of Sri Lanka (CBSL) says. This deceleration in the headline inflation was broadly in line with the projections of the […]
Empower Her, Empower a Nation Empowering her is to empower a nation. Bringing its deep-rooted values to the spotlight this International Women’s Day, Siyapatha Finance PLC united together to celebrate the collective strength, power and achievement of woman and womanhood across the Island Nation. In hopes of enhancing women’s role in taking leadership, Siyapatha embarked […]
Saturday 30th March, 2024 A police sergeant has been sentenced to four years of rigorous imprisonment and fined Rs. 20,000 for taking a bribe of Rs. 500 from a trishaw driver for not instituting legal action against the latter over a traffic violation. The case, filed by the Commission to Investigate Allegations of Bribery and […]
Video: පවුලක අවම මාසික වියදම රුපියල් 68,056ක් #economy #livingcost #srilanka
Sri Lanka was optimistic about resolving its debt restructuring issues in the second quarter to secure financing from the International Monetary Fund (IMF), as external creditors are reportedly engaging positively, Bloomberg said quoting the country’s state finance minister. “We anticipate a favourable outcome,” stated state minister Shehan Semasinghe during discussions held in L...
Sri Lanka is hopeful it can resolve debt restructuring issues in the second quarter so it can get financing from the International Monetary Fund because external creditors are all engaging “positively,” according to the South Asian nation’s junior finance minister.The post Sri Lanka confident of meeting conditions for IMF funding soon – report appeared first on ONLANKA - Sri Lanka Latest Bre...
Sri Lanka has called for proposals from dealer managers to support its restructuring of some $12 billion of international bonds, the Finance Ministry said on Thursday, in a fresh sign that the island nation is closing in on finalizing its debt rework.The post Sri Lanka calls for debt-restructuring proposals from dealer managers appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Sto...
Prime Minister Dinesh Gunawardena called upon the Asian countries to rededicate themselves to building an Asia, free from poverty where prosperity is equitably shared. Addressing the BOAO Forum for Asia Annual Conference 2024 in Hainan in China, he praised China's "miraculous success story of lifting millions of people from poverty to a higher living standard under the able leadership of President...
Prime Minister Dinesh Gunawardena called upon the Asian countries to rededicate themselves to building an Asia, free from poverty where prosperity is equitably shared. Addressing the BOAO Forum for Asia Annual Conference 2024 in Hainan in China, he praised China's "miraculous success story of lifting millions of people from poverty to a higher living standard under the able leadership of President...
in May 2022 as the economy […]
The bodies of two people have been recovered from a red pickup truck, which was under water where the Baltimore bridge collapsed. Eight construction workers were on the bridge when a ship struck it, plunging them into the waters below. Two of the workers were rescued on the day, but the search continues for the […]
[…]The post What Is Wrong With Sri Lanka? appeared first on Colombo Telegraph.
Santosh Jha stresses importance of Unique Digital Identity project Indian High Commissioner Santosh Jha has said that India is working with Sri Lanka to roll out the Unique Digital Identity (UDI) Project based on modular micro service based architecture aka MOSIP architecture. He has said they strongly believe that as in the case of India […]
By Dr Laksiri Fernando It is not the country per se, but the politicians and the people who are wrong. While politicians should take 70 percent responsibility, the people also should take 30 percent. It is true that these wrongs on the part of the politicians or the people are not limited to Sri Lanka. […]
[…]The post The Curse Of JRJ Constitution Continues appeared first on Colombo Telegraph.
By the time the crew of the Dali, a massive 948ft (289m) container ship, realised what was happening, it was already far too late. The vessel – at the very start of a 27-day journey from the port of Baltimore to Sri Lanka – completely lost power after leaving the port and was hurtling towards […]
The ‘M. H. Omar Liver Care Facility’ at the Centre for Liver Diseases in Colombo North Teaching Hospital, Ragama was inaugurated by President Ranil Wickremesinghe on Tuesday (March 26).The post M.H. Omar Liver Care Facility of Ragama Teaching Hospital inaugurated appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.