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Sri Lanka needs to implement budget proposals and reform measures to start earning crucial foreign exchange to help stabilise its economy and ensure it does not return to crisis, its central bank chief said on Tuesday.The post Sri Lanka must implement budget proposals to avoid return to crisis
- CBSL governor says 2023 Budget focuses on economic recovery and stability (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
by Prof. Aruna Shanthaarchch (Department of Economics and Statistics Sabaragamuwa University of Sri Lanka) Who are the Middle Class? The term, middle class, has been defined in a variety of ways. Historically, it was a social class characterised by intellectuals, who were neither capitalists nor workers. They were the well-educated service providers and small-scale entrepreneurs, […]
- Budget, Taxation Turmoil and Policy Blunders – Part II (Category: Breaking News)
- Personal income tax shock dims economic activities (Category: Breaking News)
- Only one income taxpayer paying over Rs. 300 mn. a year says Aluthgamage (Category: Breaking News)
- Sri Lanka’s tax hike likely to discourage small time investors into stocks – analysts (Category: Breaking News)
[…]The post Sri Lanka’s Goal Must Be Economic Recovery In Tandem With Democracy appeared first on Colombo Telegraph.
- Human Rights Protection Requires More Inclusive Approach (Category: Breaking News)
- Give Amnesty To Protestors As Next Step (Category: Breaking News)
- The Choice Of Consensus Or Confrontation (Category: Breaking News)
- Coping With Multiple Crises Requires Principled Leadership (Category: Breaking News)
Sri Lanka unveils a budget on Monday attempting to put the South Asian government's finances in order, with reforms to advance a $2.9 global billion bailout from the island's worst financial crisis since independence in 1948.The post Sri Lanka budget to seek recovery for crisis-hit economy appeared
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka begins crucial debt restructuring talks with China (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
to put crisis-hit economy back on track appeared first on Sri Lanka News - Latest Breaking News in Sri Lank...
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s president to cut spending in interim budget (Category: Breaking News)
Unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences, President Ranil Wickremesinghe said addressing the COP27 Climate Change Conference in Sharm El-Sheikh, Egypt.The post Developing countries worst affected by rising emissions from industrialized world and must be compensated – President appeared first on Sri...
- Sri Lanka has initiated an action plan to ensure a Green Economy by 2050 – President (Category: Breaking News)
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- Sri Lanka President issues strong statement after COP27 Conference (Category: Breaking News)
- Sri Lanka President launches International Climate Change University at COP28 (Category: Breaking News)
By Amal Jayasinghe Inflation in crisis-hit Sri Lanka dipped marginally for the first time in 12 months but prices were still an eye-watering 66 percent higher than a year ago, official data showed Monday. The island nation of 22 million people has suffered months of extreme economic hardship with severe shortages of essentials including food, fuel and medicines.The […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation dips to 4.6%: Dept. of Census and Statistics (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
[…]The post Sri Lanka: Strategizing Economic Recovery appeared first on Colombo Telegraph.
- Sri Lanka: No Light Yet At The End Of The Tunnel (Category: Breaking News)
- Sri Lanka: Surviving The 75th Year Of Independence (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Politics Of Protests (Category: Breaking News)
Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.The post Sri Lanka holds debt restructuring talks with bilateral creditors appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s creditor nations to meet despite uncertainty on China (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
[…]The post Journey Through The Rotten Bridge For The Reforms Of Government Expenditure appeared first on Colombo Telegraph.
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Why The Sri Lankan Rupee Is Appreciating (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Interim Budget 2022: Transformation Of The Economic Direction Of The Country (Category: Breaking News)
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.The post Hundreds march in crisis-hit Sri Lanka protesting tax hikes, crackdowns appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
- Police fire tear gas at protestors in Maradana (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
- Sri Lanka’s government employees to protest demanding Rs. 20,000 salary hike (Category: Breaking News)
- Police secures court order to block NPP protest planned for today (Category: Breaking News)
By Rebecca Bundhun India’s economy and equity markets are outperforming most of their global peers. Despite a slew of challenges including macroeconomic headwinds stemming from Russia’s war in Ukraine, elevated crude oil prices and tightening liquidity globally, the growth story of Asia
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- ‘India is in a sweet spot for the next few years’ (Category: Breaking News)
- Apparel producers decry 400% off-peak electricty price hike (Category: Breaking News)
[…]The post President Says ‘Raising Direct Taxes Inevitable To Reach IMF Goals’ – A Response appeared first on Colombo Telegraph.
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- President Sets Macro Economic Fundamentals: A Point Of View (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
Sri Lanka’s worst post-war economic crisis represents a major blow to the country’s progress towards achieving the United Nations’ Sustainable Development Goals (SDGs), efforts that were already hobbled by the COVID pandemic. However, the situation is also providing impetus to the work of academics that are using their knowledge to tackle the immediate fallout from […]
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- Lanka eyes December bailout, IMF says timing hard to predict (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- World Bank approves $150 Mn to strengthen Lanka’s financial sector (Category: Breaking News)
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 […]
- Four Sri Pada pilgrims die of suspected food poisoning; ten other victims hospitalised (Category: Breaking News)
- Fatty Habits (Category: Business)
- President wants cocoa planted on tea estates (Category: Breaking News)
- President proposes meeting of Agriculture Ministers of all countries to evaluate food requiremen... (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 appeared first on Colombo Telegraph.
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Child’s Guide To Ranilnomics: Buddha’s Prescriptions On Governance (Category: Breaking News)
- Child’s Guide To Ranilnomics: Need Is Going For IMF Plus (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
[…]The post US Vulnerabilities Coalesce appeared first on Colombo Telegraph.
- War On China? – I: Justifications For War: Thucydides “Trap”, Clash Of Civilisations, Domino The... (Category: Breaking News)
- Globally, A Rightward Political Shift Is Visible (Category: Breaking News)
- Social Democracy, The NPP’s Tasks & Global Extremism (Category: Breaking News)
- Capitalism On Life Support: Planetary Bounds To Market-Lead Growth (Category: Breaking News)
by Rajan Philips The Petroleum Products (Special Provisions) (Amendment) Bill had a quiet passage in parliament with a majority of 60 votes, 77 for and 17 against. What is disquieting is that only 94 of the 224 MPs (excluding the Speaker) were in parliament for the vote on a Bill on petroleum products, the mismanagement […]
- A Tale Of Two Addendums & Ekwa Negitimu Miscarriage (Category: Breaking News)
- CPC unions all out to scuttle restructuring bid (Category: Breaking News)
- PUCSL calls for regulation in lubricant industry to halt greasy activity (Category: Business)
- CEB restructuring proposals to be finalised in two weeks (Category: Breaking News)
The demand to develop and put into practice new and innovative sustainable lifestyle methods that contribute towards a greener economy continues to surge, now more than ever as Sri Lanka sees itself in the wake of an economic crisis. The recent fuel hikes seen the world over along with the rise
- Sri Lanka assures commitment towards sustainability (Category: Breaking News)
- Prof. Mohan Munasinghe advises the government on sustainable urban development in Portugal (Category: Breaking News)
- Another record set this year for elephant deaths, but no solution in sight (Category: Breaking News)
- IIHS Multiversity joins hands with U.S. International Development Finance Corporation (Category: Breaking News)
Sri Lanka's National Consumer Price Index (NCPI) rose to a new high of 73.7% in September from a year earlier, quickening from 70.2% in August, the statistics department said.The post Sri Lanka consumer inflation hits record 73.7% in September appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- CCPI based inflation drops to 66% in October (Category: Breaking News)
- Sri Lanka’s inflation slows down to 70.6% in October 2022 (Category: Breaking News)
- Sri Lanka’s Inflation may turn a corner this month as prices appear to have peaked (Category: Breaking News)
- Sri Lanka’s national consumer price inflation eases to 65% in November (Category: Breaking News)
By Rathindra Kuruwita The government must reveal the losses incurred by the Ceylon Petroleum Corporation (CPC) since 2008 due to the prevention of cost-reflective pricing, and tell the people how it planed to recover the losses, former Minister of Energy, and leader of Pivithuru Hela Urumaya (PHU), Udaya Gamnapila, said.Gammanpila said that CPC trade unions […]
- SJB will support Govt to restructure the loss-making State institutions – Eran (Category: Breaking News)
- No option but to increase electricity tariff – Prez (Category: Breaking News)
- Lankans jump ship as a bankrupt nation struggles (Category: Breaking News)
- Rice paid for by Australia delivered here (Category: Breaking News)
Sri Lanka’s 70% inflation is hitting its peak as crippling shortages ease and bailout funds look within reach, yet it’s far from putting the central bank governor at ease.The post Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy appeared first on Sri Lanka News - Latest Breaking News
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
By Hiran H. Senewiratne The CSE’s business sentiment was impaired yesterday following the Central Bank raising Rs 16 billion out of a required Rs 75 billion via Treasury Bills at a weekly auction, which amounted to just 22 per cent of the total issued on the previous day. Besides, President Ranil Wickremesinghe’s public statement on […]
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (Category: Breaking News)
- Some across-the-board sales at CSE following dampening of investor sentiment (Category: Breaking News)
- Lanka IOC and banking sector stocks propel bourse to positive trajectory (Category: Breaking News)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
[…]The post Continuing Corruption: Begging IMF: Increasing Taxes appeared first on Colombo Telegraph.
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- Corruption & Lack Of Common-Sense; Presidential Brutalities (Category: Breaking News)
- Government-Sponsored Terrorism In Sri Lanka (Category: Breaking News)
- Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue (Category: Breaking News)
[…]The post Ranil-Rajapaksa: The Bells Shall Toll For The ‘Hilters’ Of Our Time! appeared first on Colombo Telegraph.
- With Impunity Remaining Normalised, What Hope For Sri Lanka? (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! (Category: Breaking News)
- ‘Endangering National Security’ – A Trojan Horse To Erode Human Rights! (Category: Breaking News)
…..Opposition trying to drag country back to crisis: Wajira UNP Chairman and MP Wajira Abeywardena says that members of the last government had violated the Articles 147, 148, 149, 150 and 151 of the Constitution by announcing this country bankrupt.Addressing the media at party headquarters Siri Kotha in Kotte on Thursday, Abeywardena said: “Only Ranil […]
- Sirisena says he won’t leave country for good (Category: Breaking News)
- Cardinal asks whose Independence was celebrated yesterday (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- Paddy cultivators complain of exploitation by traders (Category: Breaking News)
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Ancient Values Influence Behaviour Centuries Later (Category: Breaking News)
- The Ugly New Face Of Terrorism (Category: Breaking News)
Effective income taxes for some categories have been raised to around 29% from 8% earlier - analysts
- Sri Lanka’s tax hike likely to discourage small time investors into stocks – analysts (Category: Breaking News)
- Lanka should aim for revenues of 12-pct of GDP, avoid shortfalls: IMF (Category: Breaking News)
- Sri Lanka gambles on tax hikes; downside risks seen than gains (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
by Neville Ladduwahetty During the course of his address, as Chair of the 55th Annual meeting of the Asian Development Bank, Sri Lanka’s President, Ranil Wickremesinghe, said, “As they say, in many of our countries, when the elephants fight, it is the grass that is crushed”. As far as Sri Lanka is concerned, its strategically […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- IMF chief says debt situation in Sri Lanka no longer sustainable (Category: Breaking News)
- IMF chief pleased with deal reached to support Sri Lanka (Category: Breaking News)
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