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Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza appeared first on Colombo Telegraph.
by Eng Parakrama Jayasinghe parajayasinghe@gmail.com Electricity consumers reeling from the massive increase in tariff in February (adjusted somewhat in July 2023) were naturally appalled by the request for a further increase by the Ceylon Electricity Board (CEB). A public consultation was held on 18 October 2023 by the Public Utilities Commission of Sri Lanka (PUCSL) […]
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
[…]The post The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems appeared first on Colombo Telegraph.
[…]The post Isn’t It Time For Sri Lanka To Expel Israelis? appeared first on Colombo Telegraph.
State Minister of Finance Shehan Semasinghe has assured that while the government will not take any decisions that would adversely affect the country s economy, the reforms currently being implemented, in compliance with the agreement under the International Monetary Fund (IMF), are ones
[…]The post Sri Lankan Tamils & Palestinians: International Justice In The Dark? appeared first on Colombo Telegraph.
Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]
[…]The post Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth appeared first on Colombo Telegraph.
By Sirimantha Rathnasekera Minister of Water Supply and Estate Infrastructure Development, and General Secretary of the Ceylon Workers Congress, Jeevan Thondaman during a meeting with the Director General of the International Labour Organisation (ILO) Gilbert F. Houngbo raised concerns pertaining to the Lankan migrant workers, ministry sources said. Minister Thondaman and his delegation embarked o...
The International Monetary Fund (IMF) says Sri Lanka is on the path to receive the second tranche of funding as the country looks to complete its economic reforms agenda on schedule. IMF Executive Director Dr. Krishnamurthy Subramanian said that the commitment will be a reason to assure further support to Sri Lanka, Sri Lanka’s Finance […]
By Lynn Ockersz Japan has identified South Asia as a key region for the extension of its cooperation in disaster prevention. As a matter of policy, Japan is in the process of strengthening the disaster prevention and response capabilities of countries vulnerable to natural disasters all over the world, Komura Masahiro, Parliamentary Vice Minister for […]
Confusion confounded: By Jehan Perera President Wickremesinghe’s appointment of a commission of inquiry to investigate existing election laws and regulations and recommend changes has come without prior discussion or warning. It was a carefully kept secret until brought to the notice of the general public by the president’s appointment of the commission. The commission has […]
[…]The post Regular Elections Are The Foundation Of Democratic Society appeared first on Colombo Telegraph.
[…]The post Climate Change: A Red Flag For Environmental Security In Sri Lanka appeared first on Colombo Telegraph.
[…]The post Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality appeared first on Colombo Telegraph.
Sri Lanka should aim to get state revenues more than 12 percent of gross domestic product and avoid revenue shortfalls next year, International Monetary Fund Senior Mission Chief Peter Breuer said. Sri Lanka projected revenues (including non-tax) of 3,408 billion rupee (11.3 -pct of GDP) and the IMF 3,286 billion rupees (about 10.9-pct).Up to July […]
The Ceylon Chamber of Commerce (CCC) has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). “This agreement is set to grant Sri Lanka access to the second tranche, approximately US$330 million in financing, pending […]
The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track debt restructuring, State Minister of Finance Shehan Semasinghe said. “This was much needed to strengthen economic stability, and after the IMF’s executive board approves [it], Sri Lanka will receive […...
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
BEIJING, Oct. 20 (Xinhua) ––Chinese President Xi Jinping on Friday met with Sri Lankan President Ranil Wickremesinghe, who is in Beijing for the third Belt and Road Forum for International Cooperation. Noting that Sri Lanka was one of the first countries to join the Belt and Road Initiative, Xi said China stands ready to work […]
Heavy machine gun fire was heard along the Israel-Gaza border in the early hours of Friday, after the green light was given for a ground invasion. Yoav Gallant, the Israeli defense minister, on Thursday visited troops positioned along the Gaza border, and told them that they would soon see the Palestinian enclave ‘from inside’. An infantry commander in […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...
Maria Fernanda Garza, the Chair, of the International Chamber of Commerce (ICC), arrived in Sri Lanka today. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Her first visit to Sri Lanka will encompass meetings with business and government leaders. Greeting her […]