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President Ranil Wickremesinghe has said all media should engage in a discussion on whether to enter into international agreements or work within the country’s legal framework. He said so at the felicitation ceremony to honour one of the most distinguished figures in Sri Lankan journalism, Edmund Ranasinghe, the founding Editor of ‘Divaina’ newspaper and former […]
- US backs Lankan journalists vis-a-vis Online Safety law (Category: Breaking News)
- Sports Minister denies PMD report on Cabinet decision for appointing interim committees (Category: Breaking News)
- Media must operate within respective country s legal framework  President (Category: Breaking News)
- PMD claims President’s response misinterpreted (Category: Breaking News)
Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances.The post Sri Lanka aims to streamline tax structure, boost collections appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s New Personal income tax likely to come in to force from November 1 (Category: Breaking News)
- Inland Revenue Department collects nearly Rs. 700 Billion in tax revenue in first half of 2023 (Category: Breaking News)
- Nearly one million Sri Lankans register with TIN (Category: Breaking News)
- Sri Lanka to increase VAT to 18% (Category: Breaking News)
By Saman Indrajith Opposition and SJB leader Sajith Premadasa told Parliament yesterday that Sri Lanka had failed to secure the crucial second tranche of a $3 billion loan from the International Monetary Fund as the country was still being ruled by the same corrupt family regime, which had bankrupted the economy. Premadasa said that the […]
- Sri Lanka s IMF agreement will be renegotiated under SJB govt - Sajith (Category: Breaking News)
- Visiting IMF delegates call on Opposition Leader (Category: Breaking News)
- Marikkar warns state officials acting illegally, Sajith threatens to get on the streets (Category: Breaking News)
- Opposition opposes issuing Treasury Bills worth one trillion (Category: Breaking News)
The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market. “We see demand growing about 2.4 million barrels a day,” Haitham Al Ghais told the […]
- Oil prices rise following Hamas attack on Israel (Category: Breaking News)
- Oil prices rise as Saudi Arabia pledges output cuts – Opec+ (Category: Breaking News)
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- World leaders in India for G20 summit (Category: Breaking News)
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
- Child’s Guide To Foreign Borrowings: Are They An Evil Or Not? (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: How Colonial Ceylon Did It? (Category: Breaking News)
Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. ...
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
An explosion at a fuel depot in Azerbaijan’s Nagorno-Karabakh has killed 20 people and injured hundreds more, local Armenian authorities say. Nearly 300 people were admitted to hospitals, with dozens of them “still in critical condition”. It comes as the Armenian government
- Hezbollah steps back from all-out war on Israel over Gaza – for now (Category: Breaking News)
- Boeing whistleblower found dead in US (Category: Breaking News)
- Airlines warn of UK flight delays over air traffic control fault (Category: Breaking News)
- Hundreds of migrants killed by Saudi border guards (Category: Breaking News)
By Sanath Nanayakkare The Global CEO Forum Sri Lanka held at the Galadari Hotel on Thursday showed a clear shift of discussion topics by Sri Lankan business leaders compared to what they were talking about just a year ago. Completely deviating from airing worries about how to run their businesses amid economic turmoil, business leaders […]
- Indian business leaders keen on investing in Sri Lanka (Category: Breaking News)
- “SL must continue reforms but people demand openness, transparency & accountability” (Category: Breaking News)
- GLOBAL CEO FORUM SUMMARY (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
by Neville Ladduwahetty In order to assuage the apprehensions of India regarding the intended arrival of the Chinese research vessel Shi Yang 6 to Sri Lanka, an informed source of the National Aquatic Resources Research Agency (NARA) is reported to have said “a team of officials from the NARA would board Shi Yang 6 to […]
- A Sri Lankan initiative to meet global challenges (Category: Breaking News)
- Mega corruption everywhere – real action nowhere (Category: Breaking News)
- Kachchativu and its maritime boundary ignore international law (Category: Breaking News)
- Multilateral treaties are tools for global governance (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
The government yesterday (01) increased fuel prices again and announced the cancellation of the QR code system that was in place to restrict fuel supply in the retail market. The QR code system was meant to drastically drop fuel consumption due to the financial crisis that throttled the economy
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Laugfs too jacks up price of gas (Category: Breaking News)
- Power charges up by 18% from Friday (Category: Breaking News)
- Price of cigarette increased from today (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
Sinopec Energy Lanka, a Beijing-based leading international petroleum company, has officially commenced its business operations in Sri Lanka by starting fuel supply at its first filling station in Sri Lanka established in Mattegoda, Colombo from yesterday (August 30).The post Sinopec officially
- Sinopec officially begins fuel operations in Sri Lanka with discount offer (Category: Breaking News)
- Sinopec Lanka announces retail fuel prices for Sri Lanka (Category: Breaking News)
- Sinopec officially launches operations in Sri Lanka (Category: Breaking News)
- First Sinopec fuel cargo commence discharging (Category: Breaking News)
Sinopec, a Beijing-based leading international petroleum company, has officially kicked off its business operations in Sri Lanka, commencing fuel supply at its first filing station on the island nation established in Mattegoda, Colombo.
In July 2022, Sri Lanka witnessed the inauguration of President Ranil Wickremesinghe amidst a severe economic and political turmoil, marking one of the most challenging crises since gaining independence in 1948. Preceding him, former President Gotabaya Rajapakse had been compelled to step down following widespread protests triggered by extended 12-hour power outages and ongoing scarcities […...
- Port City, SLT, and Lotus Tower brought under new Ministry (Category: Breaking News)
- Colombo Lotus Tower attracts over 1.4 million visitors (Category: Breaking News)
- SLTDA denies issuing tickets to visit Lotus Tower (Category: Breaking News)
- Lotus Tower to commence operations in September (Category: Breaking News)
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, had failed to pay the interest and principal on […]
- HSBC China fund JV to expand, internationalisation in focus (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Taiwan CB says hot money returning to markets (Category: Business)
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
Islamabad [Pakistan], August 17 (ANI): Jamaat-e-Islami ameer Sirajul Haq has announced a nationwide protest from Friday over an increase in the price of petroleum products, Pakistan-based The News International reported. In a statement on Wednesday, Sirajul Haq condemned Pakistan’s caretaker government’s decision to increase price of petroleum products. He urged Pakistan’s caretaker Prime Minister...
- Introduction of a fuel price mechanism for deciding the sale price of petroleum products. (Category: Breaking News)
- Sri Lankan authorities increase liquor and cigarette prices (Category: Breaking News)
- Three more CPEC-like corridor projects to be started by Pakistan and China: Report (Category: Breaking News)
- “I feel pity that she is being used”: Nirmal Khanna on Mushaal Malik’s appointment in Pakistan’s... (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
By Y P Prakash India’s Strategic Lunar Missions Contrast with Sri Lanka’s Costly Ventures and Underutilized Infrastructure, Highlighting Investment Priorities and Technological Futures Over the course of several years, the investment in India’s space exploration missions has seen both accomplishments and financial considerations. In 2008, the pioneering Chandrayaan-1 mission was ...
- What’s next for India’s Chandrayaan-3 moon mission? (Category: Breaking News)
- India becomes fourth country to land on the moon (Category: Breaking News)
- Chandrayaan-3 spacecraft lands on the moon in ‘victory cry of a new India’ (Category: Breaking News)
- Ranil writes to Modi congratulating him on moon landing (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
India today became the fourth country to land on the moon, and the first to land on one of the moon’s lunar poles. India staked new claim as a national superpower in space, landing its Chandrayaan-3 mission safely on the moon’s unexplored south pole today. The Chandrayaan-3 spacecraft launched last month and touch downed on […]
- Ranil writes to Modi congratulating him on moon landing (Category: Breaking News)
- What’s next for India’s Chandrayaan-3 moon mission? (Category: Breaking News)
- Chandrayaan-3 spacecraft lands on the moon in ‘victory cry of a new India’ (Category: Breaking News)
- India lunar rover Pragyaan takes a walk on the Moon (Category: Breaking News)
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
[…]The post In Sri Lanka, Chaotic Social Security Reform Denies People’s Rights: “Aswesuma” Program Applies Complex & Arbitrary Targeting, Leaving Millions In Limbo appeared first on Colombo Telegraph.
- Sri Lanka: IMF / World Bank – Systemic Reforms Needed (Category: Breaking News)
- Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minor... (Category: Breaking News)
- IMF Should Oppose Restrictions On Freedom of Expression & Civil Society Groups: HRW (Category: Breaking News)
- Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA (Category: Breaking News)
Sri Lanka’s largest bilateral creditor, China, has assured the island nation its help in effectively addressing the debt challenges as it has to finalise the external and domestic debt restructuring of a whopping USD 41 billion by September before the IMF’s first review. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister said on Tuesday.The post Sri Lanka says China’s Sinopec to start operations September 20
- China s Sinopec to start operations in Sri Lanka in Sept. (Category: Breaking News)
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sinopec issues clarification on fuel station project in Sri Lanka (Category: Breaking News)
- Sinopec officially begins operations in Sri Lanka with Rs. 3 discount offer (Category: Breaking News)
Contracts pertaining to the supply of aviation fuel for SriLankan Airlines are due to be awarded to fuel suppliers at the Hamad International Airport, Qatar and Kuwait International Airport, Kuwait.
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
The Philippines has accused China’s coast guard of firing water cannon at its vessels in the disputed South China Sea, describing it as illegal and dangerous. The Philippine coast guard said its vessels had been carrying food, water, fuel and other supplies for Filipino military personnel stationed
- China faces international criticism after its vessel fired water cannon on Philippine boats (Category: Breaking News)
- Philippines and China trade accusations over South China Sea collision (Category: Breaking News)
- Philippine and Chinese vessels collide in contested waters (Category: Breaking News)
- Ignoring China’s Ultimatum, Philippines To Hold Drills With Australia, Japan & US In Disputed So... (Category: Breaking News)
More than 3,000 US military personnel have arrived in the Red Sea on board two warships, part of a beefed-up response from the United States after alleged seizures of several civilian ships by Iran, the US Navy said. The US sailors and marines entered the Red Sea on Sunday after transiting through the Suez Canal […]
- SriLanka ready to face third world war: Minister Weerawansa (Category: Breaking News)
- Two US B-52 bombers fly over Persian Gulf in show of military force to Iran (Category: USA, New York)
- Two US B-52 bombers fly over Persian Gulf in show of military force to Iran (Category: USA, New York)
- Two US B-52 bombers fly over Persian Gulf in show of military force to Iran (Category: USA, New York)
SJB MP Eran Wickramaratne says the importation of inferior medicine by way of emergency procurement and non-functioning medical, surgical and other test equipment in hospitals have ruined the public health sector. Addressing the Media at the Office of the Leader of Opposition on Sunday (6Aug2023), Wickramaratne said that this pathetic situation in the health sector […]
- SJB: State audit vindicates no-faith motion against Keheliya, remedial measures urgently required (Category: Breaking News)
- Health sector strike to resume on 01 Feb. (Category: Breaking News)
- 72 health sector unions to resume strike from Tuesday (Category: Breaking News)
- Ousting govt. only way to solve country’s problems – Women for Rights (Category: Breaking News)
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