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The International Monetary Fund (IMF) is still awaiting assurances on Sri Lanka in order to present a Fund-supported program for Sri Lanka to the IMF’s Executive Board, for approval. The IMF confirmed that India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary […]
India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.The post India commits to help Sri Lanka on debt in prospective IMF program appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka is to target the export market for poultry and eggs, the President’s Media Division said today. Senior Advisor to the President on Food Security Dr Suren Batagoda said that most of the issues related to the industry could be solved by way of coming to a collective agreement among all the stakeholders and […]
[…]The post Raj Somadeva’s Yakhshi: Excellent Exposition Of History To Laymen appeared first on Colombo Telegraph.
by Kumar David Remember Dickens? “It was the best of times; it was the worst of times. It was the age of wisdom; it was the age of foolishness”. America has the finest medical technology, its operating theatres are superb (when you walk past one it looks like a NASA space control centre), the surgeons, […]
[…]The post The American Healthcare System; The World’s Best & Worst appeared first on Colombo Telegraph.
Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.The post Sri Lanka expects financing assurances from China for IMF deal within days appeared first on Sri Lanka News - Latest Bre...
Sri Lanka’s official unemployment rate climbed, raising serious concerns for the policymakers, as the economic crisis is taking a severe toll on jobs, with many small and medium-sized businesses are either closing down or pushed to the brink amid elevated input costs, interest rates and decline in demand.The post Jobless rate rises to troubling levels as economic crisis stings employment appeared ...
[…]The post The Need Of An Online Voting System To Sri Lanka appeared first on Colombo Telegraph.
By Zinara Rathnayake My mother is a good cook. My father is just slightly better. That’s how my younger sister would always describe my parents’ food. She’s right. My mother cooked delicious curries. But my father cooked the food we hold dear.My father grew up in Nabiriththawewa, a small village in Kurunegala. Unlike his two older […]
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...
Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
By Uditha Devapriya A recent World Food Programme report underlines the magnitude of the food crisis in Sri Lanka. The report shows that 36% of the country’s households are effectively food insecure, while 76% are engaging in “food-coping strategies.” 35% of the country’s households are “facing insufficient food consumption”, while female-headed households (44%) are “...
[…]The post Amnesty, Purpose, Effect & Fairness appeared first on Colombo Telegraph.
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
Only those who could survive this crisis are the ones who could make earnings in foreign currency, Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe recently said.The post Businesses with dollar income sources will only survive this crisis – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Old Practices Must Give Way To accountability & Reconciliation appeared first on Colombo Telegraph.
By Jehan Perera The night bus to Jaffna was also fully booked. Those who had returned on holiday from the diaspora were happy to be back and to share their views. One said he had spent two weeks in Colombo and was now on his way to spend two weeks in Jaffna. He spoke fondly of the […]
President Ranil Wickremesinghe stressed that everyone should unite to fulfil their moral responsibility for the country, sidelining the traditional political system of trying to grab power at the next election by palming off all the responsibilities on the government.The post Step out of traditional politics and fulfil moral responsibility – President appeared first on Sri Lanka News - Lates...
[…]The post The Retold South Korea Success Story: How Should Sri Lanka Emulate It? appeared first on Colombo Telegraph.
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
BY Dr. C. S. Weeraratna csweera@sltnet.lk According to United Nations’ Committee on World Food Security, “Food security is achieved when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life. The Food and Agriculture Organization […]
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal, stating that 28 percent of the population faces […]
Australian Government-funded Skills for Inclusive Growth Program (S4IG), managed by Palladium International Group entered into an MoU with Cinnamon Hotel Management Ltd (CHML) to achieve several strategic results in Colombo recently. S4IG is a programme by the Department of Foreign Affairs and Trade (DFAT) in accordance with the terms of a subsidiary agreement signed on […]
To address the looming shortage of grains for the animal feed industry and maize based food items due to the ongoing socio-economic crisis in Sri Lanka, as a part of the response efforts through the United Nations (UN) joint Humanitarian Needs and Priorities (HNP) Plan, the Royal Thai Embassy
[…]The post Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap appeared first on Colombo Telegraph.
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka’s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country’s worst-ever economic crisis.The post Human Rights Watch urges major creditors to help restructure Sri Lanka’s debts appeared first on Sri Lanka News - Lat...
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.