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Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
By Shamindra Ferdinando Field Marshal Sarath Fonseka, MP, has stressed the pivotal importance of public protests against waste, corruption, irregularities and mismanagement.Alleging that those who had been entrusted with the task of governing the country have instead ruined it, Chairman of the Samagi Jana Balawegaya (SJB) Fonseka, on Thursday, said that every citizen should bear […]
[…]The post Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth appeared first on Colombo Telegraph.
By Chandre Dharmawardana chandre.dharma@yahoo.ca According to newspaper reports (The Island 16 October [1]), an NGO carrying the acronym MONLAR has accused that “the agricultural policies of successive governments have rendered millions of Lankans insecure”. It claims that “as of today, 5.3 million people in Sri Lanka are food insecure. This proves that what the government [̷...
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka s Minister of Foreign Affairs Ali Sabry has emphasised the need for Sri Lanka to make the right calls concerning important investment decisions, one year after Sri Lanka saw its worst, most unprecedented crisis.
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...
A Gaza health ministry spokesman said hundreds were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other and that ignited protests in the West Bank and around the Middle East.The post Hundreds said killed in Gaza hospital blast, protests erupt appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The agricultural policies of successive governments have rendered millions of Lankans insecure, Movement for Land and Agricultural Reform (MONLAR) has said in a media statement. Historically, the major victims of these policies have been smallholder food producers and the members of the plantation community. However, during the past two years, due to the restrictions on […]
Let us set the record straight, officially Retired Rear Admiral Sarath Weerasekera recently declared that in his capacity as Chairman of the Sectoral Oversight Committee on National Security he would present to President Ranil Wickremesinghe a comprehensive report on how the war was conducted. The recent US denial of a visa to Adm. Weerasekera underlines […]
Fitch Ratings has affirmed the National Insurer Financial Strength (IFS) Ratings of several Sri Lankan insurers and removed them from Rating Watch Negative (RWN). The outlook is ‘Stable’.The post Fitch affirms ratings on 7 Sri Lankan insurers, removes negative watch appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
This week, China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its Belt and Road Initiative (BRI). Officials and leaders from all over the globe are in Beijing to attend a high-level summit marking the BRI’s 10th anniversary. Participants expected to show up range from Vladimir […]
by M. Rizwan Muzzammil According to an article in ‘The Diplomat’ (2nd Oct., 23), the Sri Lankan government has committed to supplying 70% of its domestic electricity, with renewable energy sources, by 2030, with the longer-term goal of achieving a fully renewable electricity supply by 2050. The government is incentivised by “debt-for-renewables swap”, which enables […]
On October 6 the Korean embassy led by Korean ambassador Miyon Lee hosted the National Foundation Day celebrations of the Republic of Korea, at the Shangri-La Hotel in Colombo. It is a monumental year to commemorate the 4355th anniversary of the establishment of the Korean nation and the 46th anniversary of the establishment of diplomatic […]
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover about $4.2 billion of the island nation's outstanding debt, its finance ministry said in a statement on Thursday.The post Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Output growth of South Asian countries, except Sri Lanka, is projected to remain stronger than in other regions of the world in the coming years, as per the World Bank’s latest South Asia Development Update, ‘Toward Faster, Cleaner Growth’. Growth in the region is stronger than elsewhere in the world, but it is nonetheless not […]
Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about any specific agreements, its mission chief for the country said on Wednesday.The post Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Japanese Embassy in Colombo yesterday (10) said that since June last year, two million Lankans had benefited from a WFP programme funded by Japan. The announcement was made after Parliamentary Vice-Minister of Foreign Affairs Komura Masahiro attended the handing over of emergency food assistance and nutrition support at the President’s Office. Dr. R.H.S. Samaratunga, […]
USD 73 mn down the drain? The US Embassy is on record as having said that USAID conducted a project at a cost of USD 73 mn during the Yahapalana administration (2015-2019) to enhance the efficiency of lawmakers and be responsive to the people they represent. In terms of this project, 50 Research Assistants of […]
Infinite Group, a global leader in the education sector with a presence in over ten countries worldwide, is leading the charge in revolutionising education services in Sri Lanka. Despite the economic downturn that saw the Sri Lankan economy shrink by 11.5% in the first quarter of 2023, Infinite Group has experienced a surge in applications […]
[…]The post New CBSL Act – Monetary Policy – Interest Rates Et Al. appeared first on Colombo Telegraph.
President Ranil Wickremesinghe yesterday issued orders to police to provide necessary security measures for Israelis in Sri Lanka The President issued the directive during his briefing to the Cabinet of Ministers, the President’s Media Division (PMD) said. PMD said: In a briefing to the Cabinet, President Ranil Wickremesinghe expressed deep concern over the recent attacks […]
President Ranil Wickremesinghe has ordered Police protection for Israelis in Sri Lanka and also condemned the unprecedented attack by Hamas on Israel killing a large number of civilians. The President told the Cabinet that there are several Sri Lankans working in Israel and the Ministry of Foreign Affairs must locate them and ensure their safety. […]
Former British Prime Minister David Cameron says Sri Lanka has a key role to play in the South Asia region. Cameron was speaking at the Port City Colombo UAE Road Show, a media release issued today said. The Road Show unveiled the potential of Port City Colombo (PCC) for all to see, drawing the attention […]
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.