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Friday 6th October, 2023 President Ranil Wickremesinghe’s recent interview with Deutsche Welle (DW), in Berlin, has been trending in the digital realm—not for all the right reasons, though. Thanks to it, the genre of interrogative interview has apparently taken on a whole new meaning, with the interviewee aggressively interrogating the interviewer! There was obviously much […]
By Neville Ladduwahetty President Ranil Wickremesinghe eloquently outlined the current global economic crisis affecting the developing world, in particular the Global South, during his speech at the Berlin Global Dialogue. In the course of his presentation he conveyed the fact that while the developed countries may have the strength and resources to weather the challenges, […]
By Hiran H.Senewiratne Sri Lanka’s current inflation rate is around 1.3 percent and with the stabilizing of the economy the Central Bank is to maintain a dovish monetary policy stance, Central Bank Governor Dr. Nandalal Weerasinghe said. “The Central Bank has signed an agreement
World Tourism Day, celebrated globally on September 27th, serves as a reminder of the pivotal role tourism plays in fostering economic growth, cultural exchange and environmental preservation. In commemoration of World Tourism Day, Browns Hotels & Resorts, a leading name in Sri Lankan hospitality, hosted a thought-provoking forum at their renowned coastal retreat, Thaala Bentota. […]
Sri Lanka is to transition to a green economy, at a high cost, President Ranil Wickremesinghe said. He said the Government will enact a new Climate Change Act and a National Environment Act to address the triple planetary crisis in the context of new knowledge and practices. “We are starting
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo today (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s ambitious climate plans and the dire state of global biodiversity. President Wickremesinghe opened […]
[…]The post Sri Lanka: IMF / World Bank – Systemic Reforms Needed appeared first on Colombo Telegraph.
COUNTDOWN Sri Lanka – the iceberg challenge to World Cup Akin to a ship going past a floating iceberg to the world cup, consistency will be the tall order bugged by top order batting failures while the same applies to the bowling department in the wake of three straight ODI defeats from being bowled out […]The post Curtain raiser today between defending champs England and New Zealand appeare...
Sri Lanka's central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift revenue and repair its balance sheets in a bid to secure continued financial support from the International Monetary Fund.The post Sri Lanka resumes rate cuts to boost growth as inflation cools appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Central Bank of Sri Lanka has further reduced policy interest rates by 100 basis points, at the first monetary policy review by the Monetary Policy Board under the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA). In this review, the Board decided to reduce the Standing Deposit Facility Rate (SDFR) and […]
President Ranil Wickremesinghe has said all media should engage in a discussion on whether to enter into international agreements or work within the country’s legal framework. He said so at the felicitation ceremony to honour one of the most distinguished figures in Sri Lankan journalism, Edmund Ranasinghe, the founding Editor of ‘Divaina’ newspaper and former […]
The World Bank predicts that Sri Lanka’s poverty will increase to 27.9 percent in 2023 from 25 percent in 2022 as the country continues to suffer from the most extreme deployment of ‘macro-economic policy’ in the history of its central bank. The World Bank in a report titled ‘Sri Lanka Development Update: Mobilizing Tax Revenue […]
Earlier this year, global fashion infrastructure platform PDS Limited announced the unveiling of a centralized cutting plant in its Sri Lankan subsidiary Norlanka, located in Malwana. With a fully digitalized and integrated system, starting from mill inspection to warehouse operations, fabric inspection and the cutting process, this initiative is a testament to how multinational companies […...
, which had bankrupted the economy. Premadasa said that the […]
President Ranil Wickremesinghe lauded veteran journalist Edmund Ranasinghe as a trailblazer who catalysed transformative changes in Sri Lankan journalism. He said that Mr. Ranasinghe’s contributions to media, spanning seven decades, played a pivotal role in advancing Sri Lankan society, economy
The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation
The Government hopes to further intensify its war on plastic in Sri Lanka over the next two years. The 5th Forum of Ministers and Environment Authorities in the Asia Pacific convened at the Shangri-La Hotel in Colombo, where Environment Minister Hon Naseer Ahamed made a significant announcement. In a move aimed at addressing the escalating […]
The World Bank revised up its forecasts for Sri Lanka s economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.
Sri Lanka will introduce the new motor vehicle revenue license system (eRL 2.0) on October 07, 2023.The post Sri Lanka to launch new vehicle revenue license system (eRL 2.0) on October 7 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post The Courts Would Be The Better Option For Undemocratic Actions To Be Contested appeared first on Colombo Telegraph.
[…]The post Increasing Social Divide In Globalising Sri Lanka appeared first on Colombo Telegraph.
By Jehan Perera The government has allocated Rs 11 billion in the provisional budget for next year for the presidential elections due in September. This is a positive indication that the government intends to hold those elections. Free and fair elections being held when due is a core concept of a functioning democracy. This was […]
By Shamindra Ferdinando Top Opposition spokesperson Prof. G. L. Peiris yesterday (02) said that the government should take full responsibility for the suspension of USD 2.9 bn IMF bailout over Sri Lanka’s failure to achieve the anticipated revenue mobilisation. The former External Affairs Minister found fault with the government for tax concessions granted to investors […]
Leading tech companies including social media in the world have deeply criticized moves by the Sri Lanka Government to implement regulation of the Internet, stating that "the Bill provides for a draconian system to stifle dissent and Sri Lankans’ rights to expression".The post World’s leading tech companies deeply criticize Sri Lanka’s Online Safety Bill appeared first on ONLANKA - Sri Lanka...
Influential corrupt elements within the state revenue collection apparatus had with the help of the Finance Ministry brought in amendments to relevant laws to stifle the revenue collection process, Chairman of the Sectoral Oversight Committee on National Economic and Physical Plans Mahindananda Aluthgamage said yesterday (October 01).The post Corrupt elements use Parliament, Finance Ministry to ev...
CWC leader and Water Supply and Estate Infrastructure Development Minister Jeevan Thondaman, yesterday has called upon South Asian trade unions to embrace innovation and inclusivity. Addressing the International Labour Organisation’s (ILO) South Asia Trade Union Symposium, in New Delhi, the Minister said that there were pressing challenges and opportunities facing trade unions in the ever-evolving...
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
[…]The post Sri Lanka – Nation Building, Devolution and the 13th Amendment – Part II appeared first on Colombo Telegraph.
The West has labeled China’s Belt and Road Initiative as a cohesive program, and the participating countries like Sri Lanka are looked upon with suspicion, President Ranil Wickremesinghe said on Thursday (28) at the Berlin Global Conference. “This will further hurt economic prospects in the global South, and the polarization will become more evident,” he […]