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Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA
Cuban President Miguel Mario Diaz-Canel Bermúdez has sought healthy economic cooperation with Sri Lanka. Ambassador of Sri Lanka to the Republic of Cuba, Admiral Nishantha Ulugetenne presented his credentials to the President at the Palacio de la Revolución in Havana. At a state ceremonial presentation held at the Palacio de la Revolución, Ambassador, Admiral Nishantha […]
[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
Sri Lanka s spike in inflation is expected to be short-lived and will return to the targeted 5% in the medium term, a monetary policy report released by the central bank said on Thursday as the island nation s economy stabilises from a crippling financial crisis.
Friday 16th February, 2024 Much is being spoken about educational reforms, these days. President Ranil Wickremesinghe has stressed the need to gear the education system to the much-needed economic transformation the country is seeking to achieve. A former Minister of Education, the President is au fait with global trends in the field of education, and […]
By Nimali Liyanage B.Sc. Accountancy (Sp.), FCA The broadening of the tax net and the removal of the Value Added Tax (VAT) exemptions have had a positive impact on the economy, but the government will not earn the expected tax revenue if some basic reconciliations cannot be done by the Inland
By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa says the proposed Economic and Technology Co-operation Agreement (ETCA) with India should be examined in the context of India’s geopolitical strategy in respect of Sri Lanka. Referring to a recent declaration by SLPP MP Rear Admiral (retd.) Sarath Weerasekera that the government parliamentary group hadn’t […]
Japan has pledged USD 931,000 for a UNDP-led project meant to improve good governance by tackling corruption. A statement issued by the Japanese Embassy on behalf of the Sri Lankan government and the UNDP declared that in terms of the latest initiative ‘a Project for Promoting Economic Governance through Anti-corruption Policy Support’ they intended to […]
USAID Administrator Samantha Power on Tuesday had spoken with President Ranil Wickemesinghe on concerns pertaining to the Online Safety Act, the US Embassy in Colombo said yesterday. The US Embassy, in a media statement, said Powers had requested the President to address the concerns about the potential impact of the new law and status of […]
By appointing a committee to review the compliance of the MoUs signed with other countries has demonstrated that it has no experience in international relations, says SJB MP Eran Wickramaratne. President Wickremesinghe has visited 14 countries since 2022 and signed several Memorandums of Understanding (MoUs) purportedly to boost trade and investment. Addressing the media at […]
USAID Administrator Samantha Power has urged Sri Lankan President Ranil Wickremesinghe to address concerns about the potential impact of the Online Safety Act on freedom of expression.The post USAID chief urges Sri Lankan President to address concerns about Online Safety Act appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Restrictions Of Civic Space Is Unacceptable appeared first on Colombo Telegraph.
“The struggle for freedom for the people of Sri Lanka was not over with the country gaining independence in 1948. The freedom struggle must continue until every Sri Lankan believes and feels that he is an equal citizen of the country of his birth. This was stated by Director of the Walpola Rahula Institute of […]
In 2007, my late friend, Jackson Anthony, and his younger son visited us in Auckland during their trip to New Zealand, I recall that he talked about the Aba script during that period. We organised a small gathering for our friends who admire his talents. Amidst casual conversations, Jackson, well-versed in both Catholicism and Sinhala […]
[…]The post Sri Lanka’s Economic Recovery, Fourth Industrial Revolution & Professor Siegfried Zuern appeared first on Colombo Telegraph.
by Eng. L.V. Talagala C Eng., B Sc. Eng (Cey), M Sc (Southampton), MIE. MASCE former Director (System B&C), Mahaweli Engineering and Construction Agency of Mahaweli Authority of Sri Lanka. The Mahaweli Multi-Purpose Development Project is based on the Master Plan for maximum utilisation of water resources of the Mahaweli Ganga, prepared in 1965/68. The […]
[…]The post Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy appeared first on Colombo Telegraph.
[…]The post Vote To Establish Democracy Instead Of The Same Political Cults At The Next Election appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe, addressing concerns about China’s increased presence in the Indian Ocean region, said the island nation would not allow anything that would jeopardize India’s security.The post Sri Lanka will not allow anything harmful to India’s security – President Ranil appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka says the ill-advised judgment of the US in supporting the Gaza war will diminish its influence in the region. President Ranil Wickremesinghe said that the hostility of the countries forming the Islamic Arch in the Indian Ocean will prevent any close rapprochement with the US for some time. He said the Russian, Chinese […]
By N Sathiya Moorthy For the uninitiated in Sri Lanka, AKD in politico-strategic circles in the neighbouring India’s capital, New Delhi, refers to Ajit Kumar Doval, the nation’s all-important National Security Advisor (NSA). For counterparts in India, who are even less initiated, the initials stand for Anura Kumara Dissanayake, leader of the centre-left Janatha Vimukthi Peramuna […]
President Ranil Wickremesinghe in his address at the 7th Indian Ocean Conference in Perth, focusing on the theme “Towards a Stable and Sustainable Indian Ocean, ” emphasized the urgency of addressing the climate crisis, noting the Indian Ocean’s vulnerability to warming and rising sea levels. He proposed initiatives such as the Tropical Belt Initiative and […]
[…]The post Let Dudley Speak! appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe delivered a speech at the 7th Indian Ocean Conference in Perth, focusing on the theme “Towards a Stable and Sustainable Indian Ocean.”The post Sri Lanka President Ranil Wickremesinghe addresses 7th Indian Ocean Conference in Perth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post NPP Deserves Fairness From Critics appeared first on Colombo Telegraph.
[…]The post NPP’s Visit To India & Learning From India’s Success appeared first on Colombo Telegraph.
A Security Salon on “Changing Regional Dynamics in the Middle East: Implications from Israel-Hamas Conflict at the Red Sea for Sri Lanka” was held on Wednesday (February 07) from 10:00 AM to 12:00 PM at the Auditorium of the Ministry of Public Security.The post Implications from Israel-Hamas Conflict at the Red Sea for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top St...
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
By DR. C. S. WEERARATNA A trade deficit typically occurs when a country does not produce enough goods for its citizens. When production cannot meet demand as in Sri Lanka, there is a need to import thereby widening the trade deficit. A persistent trade deficit is detrimental to a country’s economy