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The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
[…]The post Undemocratic Rule Of Modi’s India Is A Security Threat To South Asia appeared first on Colombo Telegraph.
The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) for April 2024, forecasts moderate growth in Sri Lanka’s economy of 1.9% in 2024 and 2.5% in 2025, following two consecutive years of contraction.The post Sri Lanka shows signs of recovery but must maintain reform momentum: ADB appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
The Asian Development Bank (ADB) says Sri Lanka must continue to implement reforms to address the underlying causes of the economic crisis and lay the foundation for fostering sustainable recovery. The ADB’s annual flagship economic publication, the Asian Development Outlook (ADO) April 2024
Indian HC Santosh Jha yesterday (10) explained how the worldwide Covid-19 epidemic and the ongoing Russia-Ukraine conflict had enhanced the Indo-Lanka ‘relationship.’Addressing the India-Sri Lanka Defence Seminar at the Taj, Jha said: “Like in other areas, we are cooperating closely on security and defence matters. Because of our geography, our security is interlinked and intertw...
Thursday 11th April, 2024 Astrologers were clashing over the traditional New Year auspicious times or nekath, at the time of writing. Some of them are of the view that the nekath prepared by what is described as the State Astrologers’ Committee of the Department of Cultural Affairs will have malefic effects on the country. However, […]
India has offered defence hardware and software to Sri Lanka with India saying it looks forward to strengthening its defence cooperation with Sri Lanka. Speaking at the India – Sri Lanka Defence Seminar, the High Commissioner of India to Sri Lanka, Santosh Jha said that India looks forward to working with Sri Lanka to take […]
[…]The post India & Sri Lanka: Identifying New Opportunities & Forging New Bonds appeared first on Colombo Telegraph.
Sri Lankan law enforcement officials engaged in the violent repression of protests must be held accountable for committing widespread human rights violations, said Amnesty International in a new investigative report. The report, ‘Ready to suppress any protest’ Sri Lanka: Unlawful use of weapons during protests’, analyses the use of force during policing of 30 protests that […]
The ban on vehicle imports to Sri Lanka is likely to be lifted in 2025, State Minister of Finance Ranjith Siyambalapitiya, State Minister of Finance Ranjith Siyambalapitiya said. The ban was imposed during the economic crisis to prevent Sri Lanka’s foreign reserves from depleting. The ban
[…]The post Sri Lankan Law Enforcement Officials Must Be Held Accountable For Abuses During Protests: Amnesty International appeared first on Colombo Telegraph.
Former President Maithripala Sirisena left for Thailand today even as the crisis in the Sri Lanka Freedom Party (SLFP) continued. According to reports, Sirisena left for Thailand with a delegation but the motive for the visit was not known. Meanwhile, a tense situation arose outside the SLFP
Nearly Rs. 200 billion has been paid in 2023 alone to provide relief to the people affected by the economic crisis, Presidential Director General (Community Affairs) Mr. Rajith Keerthi Thennakoon said.The post Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis
By Shamindra Ferdinando Dissident SLPP MP Prof. G. L. Peiris recently questioned President Ranil Wickremesinghe’s declaration that Sri Lanka was the only country in Asia where democracy is completely safeguarded, thereby Opposition rights guaranteed. Nothing could be further from the truth, the former External Affairs Minister told a gathering at the launch of ‘Ira Kaluwara’ by […]
By Lasanda Kurukulasuriya Since their visit to India at the invitation of the Indian government in February, leaders of the Janatha Vimukthi Peramuna-led National People’s Power coalition have become the poster-boys and girls of a complicated Sri Lankan political landscape, in a pre-election period. The once-marginal parliamentary group’s leader is now viewed as a potential […]
The World Bank has found that more than a quarter of Sri Lanka’s population is living in poverty,according to its latest publication. Titled ‘World Bank Update: Bridges to Recovery’ released last week (April 2) shows that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 in Sri Lanka. […]
Sri Lanka has earned over USD 1 million from tourist arrivals so far in Sri Lanka this year. Tourism Minister Harin Fernando said that 635,784 tourists visited Sri Lanka during the first three months of this year. He said that Sri Lanka earned USD 1,025 million during this period. Sri Lanka has seen a boom […]
Presidential Director General (Community Affairs) Mr. Rajith Keerthi Tennakoon said that nearly Rs. 200 billion has been paid in 2023 alone to provide relief to the people affected by the economic crisis.
Presidential Director General (Community Affairs) Mr. Rajith Keerthi Thennakoon said that nearly Rs. 200 billion has been paid in 2023 alone to provide relief to the people affected by the economic crisis.
The assistance of the Asian Development Bank (ADB) to help Sri Lanka recover from the crisis will be aligned with the strategic objectives of the Bank’s country partnership strategy (CPS) 2024–2028, Takafumi Kadono, Country Director, Sri Lanka Resident Mission, ADB said. Mr. Kadono
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.
The Sri Lanka Freedom Party (SLFP) has summoned the party s politburo on Monday (March 08) to discuss the future course of action of the party, in view of its current internal crisis situation.
ECONOMYNEXT –At least 10 Sri Lanka’s Members of Parliament (MPs) elected in the 2020 general elections are not anymore the legislature, either due to death or resignation or legal issues, official data showed. With the latest death of ruling Sri Lanka Podujana Peramuna (SLPP) legislator K H Nandasena (69 years) on Thursday (04), Parliament has […]
By Rathindra Kuruwita The GL Peiris-led splinter group of the SLPP, the Nidahasa Janatha Sabawa (NJS), has signed an MOU with the Samagi Jana Balawegaya (SJB) to form an alliance in view of upcoming elections on Friday (05). Six NJS MPs, namely, Professor Peiris, Dilan Perera, K.P. Kumarasiri, Upali Galappatty, Wasantha Yapa Bandara and Nalaka […]
Colombo has demonstrated its own brand of strategic autonomy on issues from Russia’s war in Ukraine to China’s global footprint By Michael Kugelman Most South Asian governments tend to have nonaligned foreign policies, balancing their relations with major powers. This maximizes their diplomatic flexibility and ability to operate independently on the world stage, also known as […]
Mr. Rajith Keerthi Tennakoon, President Director General of Community Affairs, stated that between President Ranil Wickremesinghe’s assumption of office and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments.The post Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement appeared first on ONLA...