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on the implications of the economic crisis on NCDs. Over the last few decades, NCDs have emerged as a critical [...
Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...
Sri Lanka’s sovereign lenders have yet to inform the Government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the Central Bank Governor told Reuters in an interview on Tuesday. The island nation aims to formally engage […]
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
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 from the door. Now, […]
Sri Lankan President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it and that following this vote, the key points of the agreement would be enacted into law.The post Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka President appeared...
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.
By N Sathiya Moorthy Like leaders of nations that want to encourage privatisation of existing public sector enterprises, President Ranil Wickremesinghe too has said that the State need not do business. Instead, the job of the government is to provide services such as education and health, and maintain law and order, he said in a […]
[…]The post The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri Lanka appeared first on Colombo Telegraph.
Five Sri Lankan Tamil asylum seekers who attempted suicide on the British-held Indian Ocean island of Diego Garcia have been sent to Rwanda for medical treatment, The New Humanitarian has learned. The news follows a recent backlash against the British government’s immigration deterrence policies and a scandal that involved 200 unaccompanied minors who went missing […]
Significant human rights abuses were recorded in Sri Lanka in 2022, the US State Department said in its annual Country Reports on Human Rights Practices released by US Secretary of State Antony J. Blinken. The 2022 Country Reports on Human Rights Practices noted there were reports that members of the security forces, primarily police, committed […]
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
BY Rathindra Kuruwita The government’s actions were forcing thousands of health professionals out of the country and it would become impossible to manage the healthcare sector, Medical Officers’ Association (GMOA) spokesman, Dr. Chamil Wijesinghe said. “There is already a crippling shortage of medicine, and hundreds of doctors have left the country for economic reasons. I […]
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
By Dr. K. Ajith Kumara Consultant Physician President, All Ceylon Medical Officers Association The prevailing economic situation in the country has resulted in many adverse effects on health of the Sri Lankans. A vast majority of people are unable to afford for health expenditure at personal levels while the health system is on the verge […]
[…]The post Elections & Economic Recovery appeared first on Colombo Telegraph.
The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.The post World Bank’s IFC to provide Sri Lanka with $400 million financing appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka President Ranil Wickremesinghe says a separate unit will be established to send military personnel overseas to assist in times of health crises.The post Sri Lanka President pledges a new chapter for the field of Military Medicine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Government is to introduce non-paying wards in private hospitals, President Ranil Wickremesinghe said. Wickremesinghe said that the Government is looking at the possibility of introducing paying wards in Government hospitals and non-paying wards in private hospitals. He said the Government will take the tab for the treatment made in non-paying wards in private hospitals. […]
Sri Lanka has secured Japanese assistance to run government hospitals. The Japanese Ambassador Mizukoshi Hideaki yesterday (22) signed an Exchange of Notes, with the Secretary to the Treasury, Mahinda Siriwardana, at the Presidential Secretariat. for a humanitarian grant assistance of USD 46 million in providing diesel fuel for public hospitals, across the country, Earlier, China provided […...
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.
Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.The post Sri Lanka to make $2.6 billion in loan repayments in first half
By Easwaran Rutnam German companies operating in Sri Lanka have raised the red flag with some warning they will be compelled to withdraw from the country if the import ban continues, Daily Mirror learns. Sri Lanka has slapped an import ban on several items owing to the shortage of US dollars, but Germany has urged […]
The Election Commission is to file a special motion before the Supreme Court on the difficulties it is facing on holding the Local Government (LG) elections on 9th March. Adequate funds not released by the Treasury, shortage of fuel and delays in printing the ballot papers are some of the issues. The Treasury has informed […]
[…]The post People’s Power Under Siege Within Sri Lanka’s ‘Demo-Crazy’! appeared first on Colombo Telegraph.
Debt-stricken Sri Lanka is fast-tracking efforts to seal a stalled trade pact with Thailand in order to boost trade and tourism, and improve the foreign currency shortage that has led to its worst economic crisis, a government minister said on Tuesday.The post Sri Lanka to fast-track trade pact
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines
The Ceylon Electricity Board (CEB) today warned of a serious crisis if the demand for an increase in electricity tariffs is not approved. The Public Utilities Commission of Sri Lanka (PUCSL) is to announce, on Wednesday, its decision over a request made by the Ceylon Electricity Board to increase