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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 […]
- UNP urges agreement on policies to remain in place for 25 years (Category: Breaking News)
- Ranil: SJB has abandoned UNP vision (Category: Breaking News)
- Culprits as investigators (Category: Breaking News)
- Hope springs eternal … (Category: Breaking News)
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 […]
- Democracy requires elections in good times and bad (Category: Breaking News)
- Rebuild trust with people to revive economy (Category: Breaking News)
- PAFFREL: Ranil offers to strengthen PCs, having postponed elections to them (Category: Breaking News)
- Preparing The Ground For Early Elections (Category: Breaking News)
[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Waiting For Godot: Can Some Developing Nations Unite & Transform The Planet? (Category: Breaking News)
- Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties A... (Category: Breaking News)
- Snivelling Won’t Combat Corruption; Are We Waiting For Sri Lanka’s Nelson Mandela? (Category: Breaking News)
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.
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 25.2% in May (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
[…]The post Powers Of The Judiciary & The Legislature: A Review appeared first on Colombo Telegraph.
- Contempt Of Court: Hiragedarara Yawanna Hitiya Ekkenāwa Mama Raja Gedarata Yawwa (Category: Breaking News)
- Losing Faith In Sri Lanka: Is Wickremesinghe Corrupt? Are Our Judges Fair? (Category: Breaking News)
- Gota’s Goon Blasts Chief Justice; AG Refuses To File Contempt Charges (Category: Breaking News)
- Ram Mandir At Babri Masjid Site: Death Of Secular Democracy & Rise Of Hindutva Fascism (Category: Breaking News)
by Sushant Sareen The good news is that there is some new evidence that despite all the adventurism and brinkmanship, the top echelons of the Pakistan Army have, by and large, remained rational and not radicalised players. The bad news is that the Pakistan Army’s bluster and grandstanding have injected exaggerated notions of its military […]
- Bleak Eid in PoK and Pompous Celebrations in J-K (Category: Breaking News)
- China’s Military, Pakistan’s Nukes Biggest Threat To India; New Delhi’s Nuclear Doctrine Must Be... (Category: Breaking News)
- Modi celebrates Diwali with Indian forces boosting their morale (Category: Breaking News)
- How India’s military strength grew in 2022 (Category: Breaking News)
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.
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- Sajith claims VAT hike will shrink economy (Category: Breaking News)
- Sri Lanka economy to shrink over 8-pct in 2022, inflation may peak below 70-pct: CB chief (Category: Breaking News)
- Sri Lanka fixed wireless users shrink, broadband up (Category: Breaking 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 […]
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
Increased fuel quota will remain unchanged until further notice, Sri Lanka's Minister of Power and Energy Kanchana Wijesekera said.The post Sri Lanka decides to keep the increased fuel quota unchanged appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Sri Lanka increases fuel quota for vehicles with effect from midnight today (April 04) (Category: Breaking News)
- Weekly fuel quota for all types of vehicles increased (Category: Breaking News)
- Fuel quota to be increased from Tuesday (Category: Breaking News)
- Sri Lanka revises fuel prices from November 30, 2023 (Category: Breaking News)
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 [...
- SL cannot afford any cutbacks on its already dismally-funded health system (Category: Breaking News)
- Over 50 percent of businessmen in Kamburupitiya afflicted with NCDs (Category: Breaking News)
- Much-needed Family Health Care Centre for Jaffna (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
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...
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Japanese giant Mitsubishi Corporation to wind up operations in Sri Lanka (Category: Breaking News)
- Economist Amal Sanderatne falls to death from apartment complex in Colombo (Category: Breaking News)
[…]The post Moral Justification For Protests To Continue appeared first on Colombo Telegraph.
- People Called On To Play Direct Role To Sustain Democracy (Category: Breaking News)
- The Courts Would Be The Better Option For Undemocratic Actions To Be Contested (Category: Breaking News)
- Criminalising Public Protest Will Only Delay The Inevitable (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
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...
- Now is payback time (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- What PUCSL and CEB did not disclose (Category: Breaking News)
- Another electricity tariff hike: Is there no option for Sri Lanka? (Category: Breaking News)
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Playing The Fiddle While The Country Burns! (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
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...
- Japan, France and India to launch platform to coordinate Sri Lanka debt (Category: Breaking News)
- China assures commitment towards Sri Lanka’s debt restructuring process (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
- Japan set to do its part over Sri Lanka debt woes – Finance Minister (Category: Breaking News)
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.
- ADB to disburse US$ 203 Million emergency loan to support Sri Lanka’s poor and vulnerable (Category: Breaking News)
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- Sri Lanka shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
- Sri Lanka crisis: President meets ADB officials on areas of cooperation (Category: Breaking News)
Tuesday 11thApril, 2023 Parliament security personnel have recently undergone a special training in countering possible threats of chemical attacks, according to media reports. Proper threat assessment and the anticipation of possible attacks go a long way towards protecting vulnerable targets. In this day and age, everything can be weaponised; anything is possible and therefore nothing […]
- Three-day parliamentary debate on Easter attacks begins today (Category: Breaking News)
- Proposal to set up PSC to probe Channel 4 allegations before House on 17 Oct. (Category: Breaking News)
- Eran asks PM to inform Parliament of progress in probe into C-4 allegations (Category: Breaking News)
- Placards condemning govt. found inside parliament (Category: Breaking News)
[…]The post Sri Lanka To Take Draconian Steps To Curb Dissent Through Anti-Terrorism Bill appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Anti-Terrorism Act Is ‘State Terrorism’ In Sheep’s Clothing (Category: Breaking News)
- Sovereign People, Legal Despotism & Aragalaya (Category: Breaking News)
- Counter Terrorism Bill To Create A Security State; Impacting On Rights (Category: Breaking News)
Y P Prakash China is making a comeback in Sri Lanka. First, it gave its consent on conditionalities for the IMF to lend money to the island nation and now reports indicate that China’s Sinopec has pledged to invest in Sri Lanka’s southern district of Hambantota. While Sri Lanka’s experience of Chinese investments has been […]
- Strategic Power (Category: Business)
- Fire Power (Category: Business)
- Power Push (Category: Business)
- Coal Load (Category: Business)
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.
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- SriLankan Airlines participates at the Ottawa Travel and Vacation Show (Category: Breaking News)
- SriLankan Airlines, Korean Air activate codeshare partnership (Category: Breaking News)
- Dialog, SriLankan offer star points, FlySmiLes conversion (Category: Breaking News)
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
- The Exit Of The Old Guard & The Arrival Of The New (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
- Saboteurs & Charlatans Of Reconciliation (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
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 shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
- Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- ADB approves $350 Million for Sri Lanka economic stabilization programme (Category: Breaking News)
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 ...
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka central bank keeps policy rates unchanged to tame inflation (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
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
- Govt. still undecided about domestic debt restructuring methods (Category: Breaking News)
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- Inland Revenue and Appropriation Acts to be amended in line with debt restructuring (Category: Breaking News)
Sri Lanka Government has increased the existing fuel quota under the QR code system for the Sinhala and Tamil New Year festive season with effect from midnight today (April 04).The post Sri Lanka increases fuel quota for vehicles with effect from midnight today (April 04) appeared first on Sri
- Sri Lanka decides to keep the increased fuel quota unchanged (Category: Breaking News)
- Weekly fuel quota for all types of vehicles increased (Category: Breaking News)
- Fuel quota to be increased from Tuesday (Category: Breaking News)
- Sri Lanka revises fuel prices from November 30, 2023 (Category: Breaking News)
[…]The post Preoccupation With Repression Will Be Counter-Productive appeared first on Colombo Telegraph.
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
- Don’t Disregard The Less Privileged (Category: Breaking News)
- Hoping Against Hope In The New Year (Category: Breaking News)
- Change Flight From Stability With Stagnancy (Category: Breaking News)
By Jehan Perera President Ranil Wickremesinghe’s stock is rising high in the higher echelons of society where there is virtual unanimity that the president’s handling of the economic crisis has been masterful. The President’s achievement is seen in his restoration of order out of the chaos of the Aragalaya period and by getting the IMF […]
- JVP Leader punches plenty of holes in govt. (Category: Breaking News)
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Sri Lanka’s book publishing industry faces crisis as 18% VAT sparks job losses and closures (Category: Breaking News)
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.
- Sri Lanka secures a long-term Credit Line from Russia to procure fuel (Category: Breaking News)
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
- Direct employment opportunities for Sri Lankan skilled migrant workers in Russia (Category: Breaking News)
- Direct Flights to Moscow (Category: Breaking 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 […]
- Human Rights Watch fears IMF loan could erode rights in Sri Lanka (Category: Breaking News)
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- IMF Loan Risks Eroding Rights; Sri Lanka Should Ensure Fair Taxes, Accountability For Corruption... (Category: Breaking News)
After the International Monetary Fund (IMF) approved a 48-month extended arrangement under the Extended Fund Facility of USD 3 billion to support Sri Lanka’s economic policies and reforms, there are talks that the deal between President Ranil Wickremesinghe and IMF may make room for pro-China forces to raise their head in the island nation, reported […]
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
- IMF programme in SL showing signs of working – Breuer (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- PM begins talks with visiting IMF team in Sri Lanka (Category: Breaking News)
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