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Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Video: Did the Cabinet amend the agreement with international fuel suppliers before it was inked?
It is important that Sri Lanka restructures its debt and relaxes the restrictions imposed on imports by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka has suspended its external debt repayments and the import of many goods, which are against […]
It was important for Sri Lanka to restructure its debt and relax import restrictions by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka had suspended its external debt repayments and the import of many goods, which are against some […]
India’s G20 Sherpa Amitabh Kant on Friday said while there would be a consensus on the various issues that are being discussed at the forum during New Delhi’s presidency, the country will be putting forth a developmental agenda, including digital public initiative and the drive for green hydrogen. Speaking at the Confederation of India’s (CII) […]
Islamabad [Pakistan], June 6 (ANI): The All Pakistan Professors and Lecturers Association (APPLA) has demanded the federal and provincial governments to announce a 100 per cent pay raise and allowance adjustments for all government employees, including teachers, in the upcoming budget, The News International Newspaper reported. This comes as the prices of essential commodities and […]
In a bid to address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel, the Ministry of Power and Energy has taken decisive action.The post Sri Lanka signs agreement with RM Parks Inc to ensure uninterrupted fuel supply appeared first on ONLANKA News - Sri Lanka
In a bid to address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel, the Ministry of Power and Energy has taken decisive action. Accordingly, an agreement was signed on Thursday (08) at the Presidential Secretariat, between the Government of Sri Lanka and RM Parks Inc
By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]
[…]The post Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! appeared first on Colombo Telegraph.
The apparel sector stands to lose USD 494 million if Sri Lanka loses the GSP plus trade concession offered by the European Union. Secretary General of the Joint Apparel Association Forum Sri Lanka, Yohan Lawrence, said that with the current GSP+ regulation set to expire by the end of 2023, it is imperative that Sri […]
The Monetary Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively, CBSL said in a statement on Thursday. The decision was taken at […]
Friday 2nd June, 2023 Long lines of vehicles suddenly appeared near filling stations yesterday, evoking dreadful memories of a dark era and causing public panic. Pumps had run dry at most fuel depots, and people had to wait for hours to obtain petrol and diesel. Minister of Power and Energy
The Central Bank of Sri Lanka has relaxed its monetary policy stance in line with the faster than expected slowing of inflation. The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar, has told the Indian Express. The IE story, filed from Ahmedabad, said: The Modi government, he [Jaishankar] underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and […]
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar said. The Modi Government, he underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and nations in South-East Asia. “What we are also trying to do […]
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr. S. Jaishankar stressed on Saturday.The post India did more for Sri Lanka than IMF – Jaishankar appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
[…]The post Mythological “Jeromism” & Misleading Religious Formula appeared first on Colombo Telegraph.
The ecology of the Kashmir occupied by Pakistan (PoK) is being destroyed by an expanding military presence, including insurgent camps and the footprints of the China-Pakistan Economic Corridor (CPEC), reported Asian Lite International. According to media reports and expert commentators in Pakistan, the region’s ecology has suffered due to the sharp decline in forest cover. […]
In a significant move to address Sri Lanka's fuel supply challenges, a contract agreement was signed with Sinopec, a leading international petroleum company. The agreement, signed May (22), marks a crucial step in ensuring a steady and uninterrupted fuel supply for the nation.
By N Sathiya Moorthy Notwithstanding the statutory denial by the Chinese Embassy in Colombo, the British media reports of plans to construct a High-Frequency Short Wave (HFSW) radar station at Dondra Point, the country’s southern-most end, needs independent verification. According to the report, the radar, with a 180-km range and 12-degree coverage, will help Beijing monitor […]
Cash-strapped Sri Lanka’s national airline announced a staggering US $ 525 million annual loss yesterday.The post Sri Lanka’s airline posts US $ 525 million annual loss appeared first on ONLANKA News ::. Latest Sri Lanka News with Breaking News Alerts from Sri Lanka.
Islamabad [Pakistan], April 28 (ANI): Amid a rise in inflation and a shortage of foreign exchange reserves, people in Pakistan have started to face difficulties in performing Haj, Pakistan vernacular media reported. The Haj quota is now available for the first time in Pakistani history, but fewer people are making the pilgrimage. Most Pakistanis are […]
A program to generate income for Sri Lanka through 'Health Tourism' is expected to be prepared, President’s Senior Adviser Sagala Ratnayaka said.The post Sri Lanka Government focuses on promoting ‘Health Tourism’ appeared first on ONLANKA News ::. Latest Sri Lanka News with Breaking News Alerts from Sri Lanka.
The prevailing economic crisis dealt a huge blow to the country’s fisheries sector resulting in setbacks and decline of production thereby raising the retail prices of fish during last year, says the Central bank in its latest annual report. The seventy third Annual Report of the Monetary Board of the Central Bank of Sri Lanka […]
The 2023 Asia Cup that is scheduled to take place later this year is set to move from Pakistan to Sri Lanka, a report in The Indian Express said on Monday.The post Asia Cup set to be shifted from Pakistan to Sri Lanka – Report appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Around 40 percent of Sri Lankans have resorted to livelihood-based coping strategies by reducing their spending on education and health owing to the current economic crisis, says the Central Bank of Sri Lanka, in its latest annual report. The 73rd Annual Report of the Monetary Board of the Central Bank of Sri Lanka released recently […]
Sri Lanka expects to host 1.55 million visitors and earn 2.7 billion Sri Lankan rupees ($8.4 million) in much-needed tourism revenue this year, as it maps a road to the recovery of its tourism sector amid its worst economic crisis in decades.The post Sri Lanka expects cash infusion from 1.5 million tourists in 2023 for crisis-hit economy appeared first on Sri Lanka Breaking News and Top Headlines ...
Australia’s Defence Force is set to forge closer military ties with Sri Lanka and other countries in the north-east Indian Ocean, as the federal government weighs human rights concerns against urgent regional security fears. Following the new Defence Strategic Review, published in abridged declassified form last week, the government is preparing to expand the longstanding […]