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By N Sathiya Moorthy At a time when India, Sri Lanka and Maldives are fighting international drug menace jointly and severally, comes President Ranil Wickremesinghe’s budget that has proposed legalising cannabis cultivation. The idea is to help boost farm-produce (?) exports and forex reserves, which are at the lowest level since the economic crisis hit […]
- Minister insists no move to legalise cannabis (Category: Breaking News)
- American arrested in Beliatta with cannabis plants (Category: Breaking News)
- Sri Lanka says no approval to cultivate cannabis (Category: Breaking News)
- Bureau of Rehabilitation Bill inconsistent with Constitution (Category: Breaking News)
[…]The post National Council’s Economic Stabilisation Report Is A Welcome Sign appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Ranil’s Biggest Woe: What To Do When Fiscal & Monetary Policies Have Failed & Are Still Falling? (Category: Breaking News)
[…]The post Economic Bankruptcy & Political Instability appeared first on Colombo Telegraph.
- Remembrance Week Marking Persecution Of Sri Lankan Muslims (Category: Breaking News)
- Modi’s Wolf Worrier Diplomacy Opens A Window For China In South Asia (Category: Breaking News)
- New Delhi, Colombo & Tamils: The Adani Factor (Category: Breaking News)
- New Delhi, Colombo & Tamils: The Adani Factor (Category: Breaking News)
Seylan Bank, the Bank with a Heart, brought back the enigmatic character; Uncle Albert from its memorable television commercial featuring Western Union’s money transfer service, to encourage increased foreign remittances through official channels. First aired over two decades ago, the iconic advertisement features Uncle Albert saving the day by sending Suresh Rs. 50,000 via Western […]
- Seylan Bank secures Silver Award at Dragons of Asia 2022 (Category: Breaking News)
- Remittances dip to 5-month low (Category: Breaking News)
- ‘Innovative and nation minded’ digital marketing wins Seylan Bank three awards at SLIM DIGIS 2.2 (Category: Breaking News)
- Alerics Ice Cream scoops two GOLDS at SLIM Brand Excellence awards (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Economic Reforms Unproductive Unless Extractive Institutions Are Halted appeared first on Colombo Telegraph.
- Good Governance & Economic Development – Part III (Category: Breaking News)
- Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 (Category: Breaking News)
- Review Of Dr W.A Wijewardena’s Book ‘A Child’s Guide To Ranilnomics, Cryptos & Currency Boards’ (Category: Breaking News)
- Strategic Strides From A Strategy Guru: Prof Ajantha Dharmasiri (Category: Breaking News)
[…]The post Auditors Could Have Prevented Alleged ‘Thico’/Thilini Scandal appeared first on Colombo Telegraph.
- Litro Gas & Sri Lanka Ports Authority File Challenges To RTI Commission Orders In CA (Category: Breaking News)
- CA Sri Lanka helps fight cyber crime (Category: Business)
- CA Sri Lanka goes to Kalmunai (Category: Business)
- CA Sri Lanka Members’ Night (Category: Business)
USD 3.8 bn in six months Sri Lanka would be in a far more difficult situation if not for financial assistance provided by the government of India, JVP leader Anura Kumara Dissanayake told ‘Hiru’ on Monday (17) night. Dissanayake compared the assistance provided to the tune of USD 3.8 bn, within 6 months, with USD […]
- Customs revenue exceeds Rs. 109 billion in October (Category: Breaking News)
- Prez reiterates need to go ahead with local debt restructuring (Category: Breaking News)
- Sri Lanka aims to restructure USD 17 bn debt in five years  President (Category: Breaking News)
- Govt avoided loss of USD 450 Mn from controversial coal tender - COPE (Category: Breaking News)
Violence cannot be justified, under any circumstances. Therefore, the practice of referring to the JVP bids to topple the governments of the late Mrs. Sirimavo Bandaranaike (April 1971) and JRJ and Ranasinghe Premadasa (1987-1990) as southern insurrections should be stopped. The armed forces and police defeated the JVP and LTTE terrorism. Several other Tamil terrorist […]
- India, too, should be investigated -Int’l HR organisations (Category: Breaking News)
- Westminster event declares support for Canadian action against Rajapaksa brothers (Category: Breaking News)
- Sri Lanka’s foreign policy dilemma (Category: Breaking News)
- ‘Will UK’s new PM deliver justice for Tamils?’ (Category: Breaking News)
By Shamindra Ferdinando Foreign Minister Ali Sabry has reiterated that a handful of persons who advised President Gotabaya Rajapaksa caused the unprecedented economic meltdown. Sabry has alleged that politicians, officials, public sector as well as the trade unions are responsible for the crisis. The Minister said so in response to ‘Hiru’ anchor Chamuditha Samarawickrema seeking […]
- Sri Lanka to conclude debt restructuring in time for next IMF tranche  Ali Sabry (Category: Breaking News)
- Sri Lanka s biggest lesson from economic crisis was fiscal discipline  Ali Sabry (Category: Breaking News)
- Minister Sabry to participate in World Economic Forum in China (Category: Breaking News)
- Sri Lanka ideal to facilitate platform for blockchain project  Ali Sabry (Category: Breaking News)
[…]The post Will Subramanian Swami‘s Visit Revive Racist Politics? appeared first on Colombo Telegraph.
- Indian-Israeli Involvement In Sri Lanka Is A Disaster (Category: Breaking News)
- Cremating Muslim Covid Dead Bodies; Sri Lanka Is Right – Whole World Is Wrong? (Category: Breaking News)
- Cremating Muslim Covid Dead Bodies; Sri Lanka Is Right – Whole World Is Wrong? (Category: Breaking News)
- Cremating Muslim Covid Dead Bodies; Sri Lanka Is Right – Whole World Is Wrong? (Category: Breaking News)
by Goolbai Gunasekara The political scene changes from day to day….indeed from hour to hour it seems. Here are some thoughts on subjects being discussed among people like me who have no influence in politics but have plenty to say on the bizarre events that have shown a rich vein of eccentricity running through the […]
- Everyone should unite to make food security program a success - President (Category: Breaking News)
- Devolution might make police more politicised (Category: Breaking News)
- NPP: Ranil threatening stability of country by trying to put off polls (Category: Breaking News)
- People don’t vote rationally at general election held after presidential polls (Category: Breaking News)
"But this time, because of this special situation that money can be used to finance the fiscal deficit as well."
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- Sri Lanka cenbank says met all end-March IMF targets (Category: Breaking News)
- Sri Lanka cenbank says met all end-March IMF targets (Category: Breaking News)
- Sri Lanka cenbank says met all end-March IMF targets (Category: Breaking News)
That means authorities we should not talk about debt restructuring parameters
- Sri Lanka has no final decision yet on domestic debt re-structuring (Category: Breaking News)
- Sri Lanka would be able to use new IMF funding for budget: CB Governor (Category: Breaking News)
- Sri Lanka rupee bonds see initial interest from foreign investors (Category: Breaking News)
- Sri Lanka expects to wrap up staff-level agreement with IMF end-August: CBSL (Category: Breaking News)
CBSL Chief Weerasinghe said on Monday that Sri Lanka had no practice of revealing IMF programmes.
- Fund Link (Category: Business)
- Continuation (Category: Business)
- No objection from Sri Lanka central bank chief to tabling IMF deal: Speaker (Category: Breaking News)
- Sri Lanka IMF deal, taxes cannot be revealed to parliament until implemented: CB Governor (Category: Breaking News)
Basically there is a limit to what can be shared with the public or parliament
- Sri Lanka opposition reiterates calls for IMF deal to be tabled in parliament (Category: Breaking News)
- Sri Lanka’s JVP gen secy makes dubious claim on IMF deal, says loan “pittance” (Category: Breaking News)
- Rate Controversy (Category: Business)
- Monetary Kudos (Category: Business)
[…]The post Futility Of Transforming A Nation Built Over A Political Cesspit appeared first on Colombo Telegraph.
- 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)
- Evaluation Of Aragalaya (Category: Breaking News)
- Politics & Death Of Sanath Nishantha: Some Sombre Lessons & Reflections (Category: Breaking News)
Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]
- Corporate sector offers policymakers a blueprint for CPC reform (Category: Breaking News)
- Armed soldiers forcing CPC employees to act against their will – Unions (Category: Breaking News)
- Remedy worse than malady? (Category: Breaking News)
- Govt.’s strong-arm tactics bound to fail, say petroleum unions (Category: Breaking News)
[…]The post Perversions Of The Justice System: Comparative Remarks On Sri Lanka & The USA appeared first on Colombo Telegraph.
- A plea… (Category: Business)
- Plea For The Rule Of Law And Personal Safety Of All Citizens (Category: Breaking News)
- RW’s Plea In Paris & Predicament At Home (Category: Breaking News)
- A plea to all Sri Lankans (Category: Business)
By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...
- CEB engineers, blue eyed boys of govt.- Ministry official (Category: Breaking News)
- CEB engineers pump diesel into their vehicles from Kelanitissa stores (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- Sectoral Oversight Committee exposes CEB costing trick to make huge profits (Category: Breaking News)
[…]The post Did Bankruptcy Of Sinhala Language Help Push The Country Off The Cliff appeared first on Colombo Telegraph.
- Clifford ‘Cliff’ Lee Gagnon (Category: USA, Indiana)
- Clifford ‘Cliff’ Lee Gagnon (Category: USA, Indiana)
- Lasantha Wickrematunge’s Assassination: Empty Promises Of Accountability (Category: Breaking News)
- Manslaughter By Proxy (Category: Breaking News)
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
- Why I Don’t Support The Aragalaya (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Saying No To Authoritarian Governance (Category: Breaking News)
Friday 5th August 2022 Sri Lanka’s struggle to shore up its crumbling economy continues, and there are no signs of promised foreign assistance materialising anytime soon. The Cabinet has just retained the services of some foreign firms for external debt restructuring, which is one of the main conditions for the IMF bailout package. When the […]
- Sri Lanka relaxes dollar conversion requirement for service exporters (Category: Breaking News)
- CBSL relaxes mandatory conversion requirement on service export proceeds (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Why record export earnings may not be good news (Category: Breaking News)
[…]The post BASL; Altruistic Union That Does Not Stand For Its Members’ Sake But For The People appeared first on Colombo Telegraph.
- 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur (Category: Breaking News)
- Is The IMF Mad To Give Loans To A Murderous Government? (Category: Breaking News)
- Bar Association of Sri Lanka strongly condemns attack on Galle Face protesters (Category: Breaking News)
- President Wickremesinghe, The Current Pohottuwa Government & The Way Forward – A Call From Citiz... (Category: Breaking News)
[…]The post Poor Governance: Lack Of Policies To Overcome The Crises appeared first on Colombo Telegraph.
- The Current System & Unlawful Actions (Category: Breaking News)
- Options For Interim Govt. To Overcome The Crisis (Category: Breaking News)
- Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
British Politics and Ours Both Sri Lanka and the UK have experienced an unprecedented political upheaval of late. It is interesting that both leaders agreed to resign within a day of each other. Everybody else saw the ‘the end is nigh’ sign for quite a while. They didn’t or didn’t want to see it until […]
- Laksiri, Issadeen win open men’s and women’s titles (Category: Breaking News)
- Sri Lanka set to play ten Tests next year (Category: Breaking News)
- Lochana, Warangana clinch singles titles (Category: Breaking News)
- Mihiran, Malshani adjudged best boxers at Nationals (Category: Breaking News)
By Sanath Nanayakkare There is still possibility for Sri Lanka to arrive at a staff level agreement with the International Monetary Fund (IMF) by August 2022 to qualify for an extended fund facility, but the new government will need to demonstrate its ability to implement the required policies within an agreed upon time frame.” the […]
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Diesel shipment that arrived in Colombo on 16 July still not paid for want of dollars (Category: Breaking News)
- USD 2.9bn IMF loan facility: Govt. confident of completing process early next year (Category: Breaking News)
- Asian Century will not happen if China and India could not join hands – Jaishankar (Category: Breaking News)
[…]The post From Frying Pan To The Fire: Ranil Will Make Gota Look Like A Boy Scout! appeared first on Colombo Telegraph.
- Is Ranil Creating The 2nd Batalanda? (Category: Breaking News)
- ‘Gota Come Home’ – The New Paradigm: I Repeat; RW Will Make GR Look Like A Boy Scout! (Category: Breaking News)
- Song Of The Betrayed (Category: Breaking News)
- Ranil’s Choices (Category: Breaking News)
President goes to Maldives
- Kamala Harris' VP win is huge for HBCUs, Tougaloo president says (Category: USA, Mississippi)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
[…]The post Dammika Perera Antics – Only Oligarch In Sri Lanka! appeared first on Colombo Telegraph.
- Shocking & Damaging Performance Of BOI In Front Of COPF: Sack All The BOI Senior Staff To Save T... (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- A Janus Moment (Category: Breaking News)
- Abolishing The Presidency – Two Cunning Foxes Plan The Unexpected! (Category: Breaking News)
As protein prices soared with money printing and currency collapse, Koreans developed army base stew from leftovers
- Sri Lanka is wrong scapegoat expat workers over Undiyal: Bellwether (Category: Breaking News)
- Sri Lanka, world suffers terribly from Fed’s accidental discovery: Bellwether (Category: Breaking News)
- Sri Lanka rates elevated amid failed float and DDR fears (Category: Breaking News)
- Sri Lanka removes ban on open account food imports (Category: Breaking News)
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