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Adventure tourism is playing a key role in helping Sri Lanka rebuild its economy after a turbulent few years for the South Asian nation.The post Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Sri Lanka President Ranil Wickremesinghe addressed the United National Party (UNP) May Day celebrations held at the Sugathadasa Indoor Stadium in Colombo yesterday (May 01) through video technology.The post Sri Lanka President says Let 2048 be the year of development for Sri Lanka appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
[…]The post Preparing The Ground For Early Elections appeared first on Colombo Telegraph.
Tuesday 2nd May, 2023 Another May Day has come and gone. The organisers of the International Workers’ Day celebrations, in this country, rarely mention the Haymarket Riot in Chicago (1886), and benefits that accrued therefrom to workers the world over, much less commemorate the brave workers who have laid down their lives in the US […]
Chairman of the China Merchants Group (CMG), Miao Jianmin, has declared that their investments here would reach nearly USD 2 bn. CMG is China’s largest diversified conglomerate, according to a statement issued by the Hambantota International Port Group that dealt with Miao Jianmin’s recent visit. The statement quoted Jianmin’s as having said that the Group’s […]
By Sanath Nanayakkare Sri Lanka, while pursuing the macro-fiscal adjustment programme, under the IMF’s Extended Fund Facility arrangement, should focus on two key national issues concurrently, President Ranil Wickremesinghe said yesterday. “If the country is to achieve economic growth and share the dividends of prosperity among all its people, we need to focus on two […]
By Jehan Perera The second round of reducing the prices of a variety of fuels (2 percent for ordinary petrol to 29 percent for super diesel used by luxury vehicles) is an indication that the government is seeking to improve its support base amongst the better off sections of the population. This could be to […]
BBC reported that Cuba’s communist government has cancelled Monday’s traditional May Day parade because of acute fuel shortages. Every year hundreds of thousands of people are bussed in from across the island to fill Havana’s Revolution Square on International Workers’ Day
By R. R. M. Lilani After pledging to renegotiate its debt to Sri Lanka, China is back on track. Besides, since Sri Lanka urgently needs China to restructure its USD 7 billion debt to the country, Sri Lanka has vowed to support the dragon at this juncture by conceding to its demands. High-ranking Chinese VIPs […]
Sri Lanka's key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said on Friday, a sign of relief for the crisis-battered economy.The post Sri Lanka’s key inflation rate eases to 35.3% in April appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
[…]The post Scamming The Gestapo Church, Or Being Sound Christian Witness appeared first on Colombo Telegraph.
[…]The post Controversial Decision To File Damages For The X-Press Pearl In Sri Lanka Or Singapore? appeared first on Colombo Telegraph.
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
By Sunimalee Madurawala “The shortage of medicines will significantly impact medications for non-communicable diseases (NCDs). If NCD patients don’t receive their regular medication, their condition will worsen,” stated a Provincial Director of Health Services speaking on the implications of the economic crisis on NCDs. Over the last few decades, NCDs have emerged as a critical [...
Economists sharply cut Sri Lanka’s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.The post Sri Lanka GDP outlook slashed as economy struggles to recover – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
[…]The post Moral Justification For Protests To Continue appeared first on Colombo Telegraph.
Can electricity prices be reduced? By Dr Tilak Siyambalapitiya The answer to the question in the title of this article is in the affirmative. I explained in The Island of January 2023 [https://island.lk/the-correct-method-of-costing-electricity/] the correct method of costing electricity supply. In January, the Public Utilities Commission (PUC) announced the costs submitted by the two distributors...
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
Japan, France and India will announce a new platform for creditors to coordinate restructuring of Sri Lanka's debt, Japanese Finance Minister Shunichi Suzuki said on Wednesday, adding it would be "very nice" if China were to join the effort.The post Japan, France and India to launch platform to coordinate Sri Lanka debt appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...
The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades.The post Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Sri Lanka To Take Draconian Steps To Curb Dissent Through Anti-Terrorism Bill appeared first on Colombo Telegraph.
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
Sri Lanka’s economy is projected to contract further in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, the Asian Development Bank (ADB) said in its annual flagship economic publication, the Asian Development Outlook (ADO) April 2023.The post Sri Lanka’s economy to contract further before gradual recovery in 2024 – ADB appear...
Sri Lanka's central bank kept interest rates steady on Tuesday and expressed optimism that prices would decelerate sharply in the coming months, in its first policy decision since securing a $3 billion bailout from the International Monetary Fund.The post Sri Lanka central bank holds rates, sees sharp drop in inflation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...
Wednesday 5th April, 2023 There have been substantial reductions in fuel prices, and they will go a long way towards tackling inflation. The economy is said to be showing some signs of recovery, but more trouble is apparently brewing for the hapless Sri Lankans, who are struggling to keep the wolf
Huawei releases 2022 Annual Report: Huawei released its 2022 Annual Report. The company reports steady operations throughout 2022, having generated CNY642.3 billion in revenue and CNY35.6 billion in net profits. Huawei continues to strengthen investment in R&D, with an annual expenditure of CNY161.5 billion in 2022, representing 25.1% of the company’s annual revenue and bringing […...
The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
(Washington, DC) – The government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability, Human Rights Watch said on Thursady. On March 20, 2023, the International Monetary Fund (IMF) approved a US$3 billion loan to Sri Lanka to help resolve […]