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‘Crisis of governance’ stressed Judicial independence: By Shamindra Ferdinando Lawyers’ Collective, consisting of some influential members of the legal fraternity, has urged the Bar Association of Sri Lanka (BASL) to take a stand on what it calls President Ranil Wickremesinghe’s continuing efforts to stifle democracy. The grouping warned that the failure to safeguard the independence o...
- 49th BASL Convocation on Saturday: Kaushalya to be inducted as new Head (Category: Breaking News)
- BASL condemns move to summon SC judges (Category: Breaking News)
- BASL: MPs exploiting privileges to intrude on matters sub judice (Category: Breaking News)
- Weerasekera rejects BASL allegation that his speech in Parliament was ‘brazen attack on judiciary’ (Category: Breaking News)
Singaporeans have chosen Tharman Shanmugaratnam as their next president – but many would have let out a small sigh of disappointment as they did so. On Friday, the former top minister won a record 70.4% of the votes, comfortably beating two other candidates in the country’s first contested presidential election in more than a decade. […]
- Singaporeans vote for ceremonial president after rare political scandals (Category: Breaking News)
- Iceland’s PM to strike over gender pay gap (Category: Breaking News)
- 1,000 buses evacuate scouts from disaster-hit World Jamboree (Category: Breaking News)
- Two officers injured in blast outside interior ministry in Turkey (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)
[…]The post Calm Before The Storm! Aragalaya -’22 Has Rested Enough!!! appeared first on Colombo Telegraph.
- IMF Is Not The Ultimate Arbiter, The People Are! (Category: Breaking News)
- The Aragalaya & The Wijeweera Legacy: How The Lankan Left Could Win (Category: Breaking News)
- JVP-NPP & Lankan Left Populism’s Lacunae & Lapses (Category: Breaking News)
- Sri Lanka Is Still In Deep Trouble, With Or Without Ranil (Category: Breaking News)
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)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
Sri Lanka is under pressure to show it is serious about eradicating corruption, as the bankrupt South Asian nation prepares for the first review of its International Monetary Fund bailout package in September.The post Sri Lanka’s looming IMF review spotlights anti-corruption drive appeared
- Lack of personnel and resources affecting work of Sri Lanka's Bribery Commission (Category: Breaking News)
- Bribery Commission in Sri Lanka rejects appeals made against court verdicts (Category: Breaking News)
- Sri Lanka Bribery Commission seeks legal advice for minister`s complaint against local council C... (Category: Breaking News)
- Sri Lanka`s now defunct Commission to Investigate Allegations of Bribery and Corruption receives... (Category: Breaking News)
According to the proposal of the International Monetary Fund (IMF), if the government removes the SVAT facility, an efficient mechanism should be implemented for refunding the VAT, all the Associations of Export Industries informed the Sectoral Oversight Committee on Alleviating the Impact
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)
Registered tax files 500,000, only 31,000 pay personal tax Proposed amendments to Sri Lanka’s Inland Revenue Act will serve to address purported under performance of Inland Revenue Department (IRD) officials in a bid to enhance income tax collection, Government MP Mahindananda Aluthgamage said, noting that there is only one person in the country who pays […]
- 105,000 registered limited liability companies but 82 percent of revenue comes from just 382 (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- Revenue collection exceeds target for first quarter by more than Rs. 45 billion (Category: Breaking News)
- Sri Lanka only has 137 persons who paid income taxes of Rs5mn or more: legislator (Category: Breaking News)
Government authorities must consult vehicle importers when making decisions on relaxing an ongoing import ban, President of the Vehicle Importers’ Association Indika Sampath Merinchige said. Welcoming a recent announcement by the government that it will scrap an import ban on several types of commercial vehicles, Merinchige told reporters on Monday August 14 that the authorities […]
- Govt still lukewarm in allowing vehicle imports wary of balance of trade (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- More vehicles for MPs (Category: Breaking News)
- Vehicle imports allowed only for tourism sector - Siyambalapitiya (Category: Breaking News)
Sri Lanka expects the first review by the International Monetary Fund (IMF) in September to be successful. State Minister of Finance Shehan Semasinghe said that the IMF will assess the programme’s performance until the end of June. “We welcome the IMF team in Sri Lanka
- Sri Lanka confident of reaching Staff Level deal with IMF (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
- IMF wants Sri Lanka to provide more relief to the poor (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)
[…]The post Do The Sinhalese People Live On Mars? Who Is Telling The Truth? appeared first on Colombo Telegraph.
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
[…]The post The Republic That Fears The Independence Of The Judiciary Even More Than Terrorism appeared first on Colombo Telegraph.
- The Proposed Anti-Terrorism Bill Amounts To A Parallel Constitution & A Criminal Procedure Code (Category: Breaking News)
- A Submission on the Making of a New Constitution (Category: Breaking News)
- A Submission on the Making of a New Constitution (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
. 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)
An International Monetary Fund (IMF) staff team will visit Colombo in a month's time for the first review on Sri Lanka's loan programme, a spokesperson said on Tuesday.The post IMF staff to visit Sri Lanka in September for first programme review appeared first on ONLANKA - Sri Lanka Latest Breaking
- IMF delegation to arrive in Sri Lanka on Thursday (Category: Breaking News)
- IMF staff to visit Sri Lanka in Sept. for first programme review (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan programme, a spokesperson said. The Washington-based lender approved a nearly US$3 billion bailout for crisis-hit Sri Lanka in March. The Asian island
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF seeks stability to resume talks with Sri Lanka (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
The United Kingdom (UK) says it will work with Sri Lanka to restore debt sustainability. Acting High Commissioner of the United Kingdom to Sri Lanka, Mrs. Lisa Whanstall said that the United Kingdom is happy to support Sri Lanka through multilateral organizations such as the International Monetary
- UK and Sri Lanka discuss need to enhance relations (Category: Breaking News)
- UK official sent to welcome Sri Lanka’s new top diplomat to UK (Category: Breaking News)
- Charitha to head Sri Lanka – German Parliamentary Friendship Association (Category: Breaking News)
- Sri Lanka to send back another 82 containers with garbage to UK (Category: Breaking News)
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)
Women’s rights groups in Sri Lanka yesterday (11) rejected the current debt restructuring solutions that place the burden of repayment on Sri Lanka’s working classes, particularly its women. Addressing a press conference, a number of women’s groups said they are demanding urgent and sustainable solutions to the ongoing debt crisis in Sri Lanka that respond […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Sri Lanka reaches debt restructuring deal with creditor nations - reports (Category: Breaking News)
- Rs. 3bn budgetary allocation for foreign debt restructuring, settle int l sovereign bonds (Category: Breaking News)
- Staff-level agreement with IMF likely to be reached - CBSL governor (Category: Breaking News)
More than $1 billion debt owed to India by Sri Lanka will undergo restructuring as part of the International Monetary Fund-led debt restructuring programme for the crisis hit South Asian country, Indian media reported on Thursday.
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday.The post Sri Lanka central bank chief: monetary policy transmission still incomplete appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- 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 IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
Land connectivity is essential for the growth of ties between India and its neighbouring country, Sri Lankan high commissioner to India Milinda Moragoda has said in an interview with The Hindu posted online on July 31, pitching for connectivity projects resembling the “Channel tunnel” from the U.K. to Europe as a possible future initiative if […]
- Ranil’s 13a Diversion & Moragoda’s Monkey Bridge Mantram (Category: Breaking News)
- Milinda pushes for Indo-Lanka strategic-level partnership (Category: Breaking News)
- Sri Lanka notifies Indian rupee as designated currency (Category: Breaking News)
- IMF agreement gives us confidence, grateful to India: Lankan envoy (Category: Breaking News)
[…]The post How Loud Can You Talk In A Court Proceeding? appeared first on Colombo Telegraph.
- Contempt Of Court Law Should Not Be Used To Create A Chilling Effect On Lawyers & Litigants (Category: Breaking News)
- Scandalizing The Court: A Non-Existing Offence (Category: Breaking News)
- Four Years Prison Term For Contempt Of Court Violates The International Covenant On Civil And Po... (Category: Breaking News)
- Four Years Prison Term For Contempt Of Court Violates The International Covenant On Civil And Po... (Category: Breaking News)
Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to the crisis-hit country in nearly four years.The post Crisis-hit Sri Lanka invites Japan to resume investment appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Japanese Foreign Minister to hold crucial talks in Sri Lanka (Category: Breaking News)
- Japanese foreign minister to arrive in Sri Lanka tonight (Category: Breaking News)
- Japanese Foreign Minister discusses cooperation and regional stability with Sri Lanka President (Category: Breaking News)
- Japanese foreign minister reaches Sri Lanka (Category: Breaking News)
NEW YORK — The International Monetary Fund on Tuesday raised its economic forecast for India this year amid a modest improvement in the global growth outlook, but said that China’s post-pandemic recovery has weakened. According to the IMF’s World Economic Outlook update for July
- IMF chief warns world economy risks “lost decade” (Category: Business)
- Asia’s growth picking up, too early to celebrate (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- G20 doubles IMF’s war chest amid fears on Europe (Category: Business)
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
- Pakistan’s election chaos casts shadow on next IMF deal (Category: Breaking News)
- As economic situation looks gloomy in Pakistan, IMF advises strict measures (Category: Breaking News)
- Former Pak Finance Minister Miftah Ismail says things to ‘remain tight for a while’ on economic ... (Category: Breaking News)
- IMF seeks more Pak assurances before releasing bailout package (Category: Breaking News)
Sri Lanka's parliament on Thursday (July 20) approved a new law to improve the independence of the country's central bank, the deputy speaker said, as part of reforms linked to a $2.9 billion International Monetary Fund bailout package.The post Sri Lanka parliament approves bill to boost central
- Central Bank’s ability to print money limited under new Act (Category: Breaking News)
- ''Central Bank of Sri Lanka '' Bill to provide administrative and financial independence to the ... (Category: Breaking News)
- Cabinet approval granted for new Central Bank of Sri Lanka draft bill (Category: Breaking News)
- Hit Wicket (Category: Business)
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