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By DR. C. S. WEERARATNA A trade deficit typically occurs when a country does not produce enough goods for its citizens. When production cannot meet demand as in Sri Lanka, there is a need to import thereby widening the trade deficit. A persistent trade deficit is detrimental to a country’s economy because it is financed […]
Urges unity over deep political divisions for effective crisis management Says ‘intricate’ foreign debt restructuring will take up to six months Invites Opposition to confer with institutions that foster international financial stability by Sanath Nanayakkare As government revenue increases
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
[…]The post 76 Years Of (In)Dependence! appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Pivithuru Hela Urumaya (PHU) leader Udaya Gammanpila, MP, yesterday (06) alleged that the decision to issue freehold titles to farmers could cause a catastrophic situation. Declaring that President Ranil Wickremesinghe had launched the first phase of the Urumaya programme with an eye to the presidential polls, the former Power and Energy Minister asked whether the […]
Hamas says it has given its response to a framework proposal for a new ceasefire in Gaza. The details of the deal – set out by Israel, the US, Qatar and Egypt – have not been released. It was earlier reported to include a six-week truce, when more Israeli hostages would be exchanged for Palestinian […]
Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday.The post Sri Lanka approves lifting some limits on rupee conversion for outward remittances appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
N Sathiya Moorthy Chennai 4 February 2024 The way western nations through their diplomats deployed in Colombo continue to comment on what essentially are internal matters of the country, they should sooner than later be prepared for a future government either asking them to shut up or withdraw into a shell, at times quitting […]
[…]The post Government Celebrates Independent Of The People appeared first on Colombo Telegraph.
Sri Lanka expects to attract about US$5 billion in foreign funds in the next two years once it is able to finalise the restructuring of its overseas debt, the country’s foreign minister said on Monday (February 5).The post Sri Lanka eyes US$5 billion in foreign funds after debt restructure appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Jehan Perera The day before Independence Day, a book launch took place at the Mangaiyar Mandapam Hindu Women’s Society in Wellawatte. The two books launched were biographies of a father and son who contributed to public life in Sri Lanka over the past century. The father was Sir Waitialingam Duraiswamy a former speaker of […]
Sri Lanka expects to attract about US$5 billion in foreign funds in the next two years once it is able to finalise the restructuring of its overseas debt, the country’s foreign minister said on Monday (Feb 5). The nation defaulted on its overseas debt in May, 2022 after a severe shortage of foreign exchange reserves […]
Cardinal Malcom Ranjith slammed Sri Lanka’s Independence Day parade held at Galle Face at a time when some people in the country are hungry with no food. The Cardinal said that holding a parade for some foreign dignitaries to see disrespects the people living in hunger. He also asked if Independence Day in Sri Lanka […]
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
During a Joint Press Conference today (February 03), President Ranil Wickremesinghe expressed his utmost pleasure in welcoming Prime Minister Srettha Thavisin and his distinguished delegation to Sri Lanka.The post Sri Lanka and Thailand signed Free Trade Agreement (FTA) appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]