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Alhambra Hotels commemorates five decades of unwavering dedication to hospitality excellence today. What began as a visionary endeavor by founding Chairman Mr. Jabir A. Cader, a prominent businessman, has evolved into a cornerstone of Colombo’s hospitality landscape. Originally envisioned as a modern cinema, the venture transformed with the changing tides, capitalizing on the burgeoning tour...
The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]
Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) have joined hands to protect Sri Lankans from human trafficking. With USD 2.6 Million funding support from the Government of Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) launched 12-month “UPLIFT” project. The initiative will contr...
By Rathindra Kuruwita Approximately 15 million birds migrate to Sri Lanka from 30 countries every year, Prof. Sampath S. Seneviratne, of the Department of Zoology and Environment Sciences – University of Colombo says. One of the primary entry points for these migratory birds was the Mannar islands, he said, expressing concern over the proposed Adani […]
[…]The post Gender Equality, Empowerment Of Women & The JVP: Capitalism & Empowerment Of Women appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post IMF reaches staff-level agreement with Sri Lanka on second review appeared first on ONLANKA - Sri Lanka...
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Books & Elections: President Gotabaya Rajapaksa’s Claim Of Foreign Conspiracy appeared first on Colombo Telegraph.
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for allowing a German survey ship but turning down Beijing’s similar request. This is the first time Sri Lanka has officially admitted […]
If Sri Lanka continues to rely on borrowing to address the imbalance between imports and exports, the nation will inevitably confront another economic crisis within a decade, says President Ranil Wickremesinghe.
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
By Shamindra Ferdinando By the time President Gotabaya Rajapaksa had arrived in Singapore in the second week of July 2022, a few days after fleeing Sri Lanka, he firmly believed that then Prime Minister Ranil Wickremesinghe was the only person capable of restoring the rule of law in the country. In the chapter titled ‘The […]
[…]The post Inclusion Includes Women appeared first on Colombo Telegraph.
India and Sri Lanka have failed to reach an agreement on fee payments for RuPay transactions, Live Mint reported. According to Live Mint, India is keen to launch RuPay services in Sri Lanka, which would make it easier for businesses in both countries to benefit from tourists using the RuPay card. However, according to persons […]
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.The post ADB approves $100 million loan to support SMEs in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Elections & The Economy appeared first on Colombo Telegraph.
[…]The post Ranil’s Distortion Of Facts About The Sri Lankan Political Scenario In 1977 appeared first on Colombo Telegraph.
Video: Sri Lanka’s economy recedes by 2.3% in 2023 (English)
Sri Lanka’s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.The post Sri Lanka’s economy expands for a second straight quarter appeared first on ONLANKA - Sri Lanka Latest Breaking
Sri Lanka s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.
State Minister of Home Affairs, Ashoka Priyantha, said on Friday (March 15) that interviews for the recruitment of Grama Niladhari officers for 2002 vacant Grama Niladhari Divisions are currently underway.The post 2002 Grama Niladhari officers set to be appointed before end of April appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
US prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter. Investigators are digging into whether an Adani entity, or people linked to the company including Mr […]
[…]The post A Leap Of Faith Awaits appeared first on Colombo Telegraph.
significantly to bolstering the national economy. The President further requested active participation ...
Friday 15th March, 2024 The JVP turned down President Ranil Wickremesinghe’s invitation to a meeting with the IMF, but some of its senior members met a visiting IMF delegation yesterday in Colombo perhaps as part of its strategy to gain political mileage. Whoever would have thought, a decade or so ago, that the JVP leaders […]
[…]The post Gender Equality, Empowerment Of Women & The JVP appeared first on Colombo Telegraph.
President Ranil Wickremesinghe stressed the need to expand the tourism industry beyond coastal areas to strengthen the country’s economy. He highlighted the significance of the South in driving tourism promotion within the country, particularly outlining plans to develop Galle into a major tourist
By Hiran H. Senewiratne The Sri Lankan economy has shown some consolidation in the last several months and its financial sector should be smart when making decisions to harness its potential in order to become a financial hub in the region, a top financial services professional said. “Sri