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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.
Fuel prices in Sri Lanka have been increased with effect from midnight on August 31, 2023.The post Sri Lanka increases fuel prices from August 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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 […...
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 […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
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 ...
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
India’s External Affairs Minister S Jaishankar on Wednesday pledged continued development assistance in every possible area to Sri Lanka amid its ongoing economic crisis.The post India will continue developmental assistance to Sri Lanka in every possible area: Jaishankar appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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.
[…]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’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 […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III appeared first on Colombo Telegraph.
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
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...
Saturday 12th August 2023 Clashes among rice growers have been reported from Embilipitiya, where paddy fields began to receive water from Samanalawewa via the Udawalawe tank belatedly. Farmers are desperate for water in that part of the country to save their withering rice plants, and it is only natural that clashes have erupted. Minister of […]
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 […]
By Shamindra Ferdinando The Convenor of ‘Samagi Joint Trade Union Alliance’ Ananda Palitha yesterday (06) alleged that the bankrupt country was being exploited to the hilt by the powers that be and external powers. The one-time director of the Ceylon Petroleum Corporation (CPC) said that the Wickremesinghe-Rajapaksa government increased diesel and petrol prices on 30th […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
[…]The post To Be Realistic, There Are Only Two Options appeared first on Colombo Telegraph.
Saturday 05th August 2023 The UNP is reported to have said that President Ranil Wickremesinghe is scheduled to make a special statement in Parliament next week on the 13th Amendment (13A) to the Constitution. It has said a divergence of views among the Tamil political parties on devolution has stood in the way of the […]
New Delhi and Colombo are set to begin technical discussions that could pave the way for a multi-product petroleum pipeline between the two South Asian nations, Mint has learnt. The project, which was announced during president Ranil Wickremesinghe’s visit to India in July, is expected to help Sri Lanka improve its energy security at an […]
New Delhi and Colombo are set to begin technical discussions that could pave the way for a multi-product petroleum pipeline between the two South Asian nations.The post Sri Lanka and India to begin talks on petroleum pipeline appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Fuel prices in Sri Lanka have been revised with effect from midnight on July 31, 2023.The post Sri Lanka revises fuel prices from July 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Tuesday 1st August, 2023 The QR code-based rationing mechanism introduced one year ago has helped halve the national fuel consumption, the Ceylon Petroleum Corporation (CPC) has said, according to media reports. In fact, it helped bring order out of chaos and thereby saved current dispensation
Monday 24th July, 2023 President Ranil Wickremesinghe has returned from New Delhi with a to-do list given by the Modi government. He will have Big Brother breathing down his neck hereafter. It has been reported that the SLPP-UNP government is planning to hold an all-party conference on the ethnic issue. Some of India’s dictates have […]
The first two shipments of fuel under the agreement with China’s Sinopec are due to arrive in Sri Lanka in the first week of August, State Minister of Petroleum D.V. Chanaka said.The post First two Sinopec fuel shipments to arrive in Sri Lanka in August appeared first on ONLANKA - Sri Lanka
Islamabad [Pakistan], July 19 (ANI): Beyond the upcoming election cycle and the current standby agreement, Pakistan needs another International Monetary Fund (IMF) program and assistance from other multilateral lenders, the lender stated in a report released on Tuesday, according to Dawn. “Resolving Pakistan’s structural challenges, including long-term BOP [balance of payments] pressures, will req...
A top Sri Lankan athlete who set national records in the pole vault has been working as a housemaid in Dubai to help support her family at home. For the last year Sachini Perera, 24, has put her athletics dreams on hold when Sri Lanka’s currency crisis and soaring medical bills made it difficult for […]
India and Sri Lanka said on Friday that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries.The post India, Sri Lanka agree to boost ties through energy, power and port projects appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has notified the Indian rupee as a designated currency, Indian External Affairs Ministry Spokesperson Arindam Bagchi said on Thursday (July 20). “In terms of trading in our national currencies, Sri Lanka has already notified India Rupee as designated foreign currency in their system,” Bachi said during a weekly media interaction in New Delhi. […]