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By Neville Ladduwahetty During President Ranil Wickremesinghe’s India visit in July 2023, five Memorandums of Understanding (MOU) were signed by India and Sri Lanka to establish physical connections between the two countries. This was followed more recently by the launch of the Unified Payments Interface (UPI) – a mechanism that claims to reduce the cost […]
ECONOMYNEXT –An Indian firm is in the process of getting permission to manage Sri Lanka’s three airports including the main Bandaranaike International Airport (BIA) where the there is an over saturation in foreign tourists, Tourism Minister Harin Fernando said. The island nation is expecting 2.2 million tourists for 2024, but the main airport needs capacity […]
By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]
saw 210,352 tourist arrivals up from 151,496 recorded in November 2023. India, Russia, United Kingdom, ...
Sri Lanka received over 1.4 million tourists by the end of the third week of December, the latest statistics released by the Sri Lanka Tourism Development Authority (SLTDA) show. The SLTDA weekly report on tourist arrivals released on Saturday (23) shows that 1,404,998 tourists had arrived in the country by December 21, 2023. Between December 01 and 21 […]
Sri Lanka earned 205.3 million US dollars from tourism during the month of November 2023, which is over twice the amount in the corresponding month in 2022, the latest data by the Central Bank of Sri Lanka (CBSL) have revealed. The revenue from tourism in November 2022 was 81 million dollars, according to official data.The […]
The Cabinet of Ministers approved the following steps to be taken in accordance with the joint proposals presented by the Prime Minister, Minister of Tourism and Lands, Minister of Foreign Affairs and the Minister of Public Security with the aim of increasing the number of tourist arrivals to 5 million a year in the next […]
[…]The post India Is Over The Moon, Ranil Wants Sri Lankan Children Taught Hindi & Chinese appeared first on Colombo Telegraph.
By Y P Prakash India’s Strategic Lunar Missions Contrast with Sri Lanka’s Costly Ventures and Underutilized Infrastructure, Highlighting Investment Priorities and Technological Futures Over the course of several years, the investment in India’s space exploration missions has seen both accomplishments and financial considerations. In 2008, the pioneering Chandrayaan-1 mission was ...
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
The developing Indo-Lanka relations, particularly the process since early 2022 should be examined taking into consideration the significant role played by Sri Lanka’s High Commissioner in New Delhi Milinda Moragoda, who received the Cabinet rank. At the time President Gotabaya Rajapaksa sent the former UNP Minister, one -time close associate of UNP leader Ranil Wickremesinghe, […]
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
The economic crisis has placed Sri Lanka among the 20 poorest countries in Asia. A report published on Insider Monkey noted that while Sri Lanka is classified as a developing country, it is currently facing an economic crisis characterized by the devaluation of its currency, increasing inflation, and a humanitarian emergency caused by a severe […]
The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
[…]The post Waiting For Godot: Can Some Developing Nations Unite & Transform The Planet? appeared first on Colombo Telegraph.
[…]The post Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpowers appeared first on Colombo Telegraph.
The mayor of Paris does not want Russia to compete at the 2024 Olympic Games while the war in Ukraine continues. Anne Hidalgo said last month she was in favour of Russia competing under a neutral banner, but has changed stance. The International Olympic Committee (IOC) has said Russians
The Olympic committees of five Nordic nations have backed calls for the ban on Russian and Belarusian athletes to be upheld for the Paris 2024 Games. In a joint statement the Finnish, Icelandic, Norwegian, Swedish and Danish committees said: “Now is not the right time to consider their return.” The International Olympic Committee (IOC) has […]
China will resume outbound group travel to a selected group of countries, including Sri Lanka, early next month, the Chinese Ministry of Culture and Tourism said. The Ministry said in a notice on its website on Friday that a pilot program will take effect on Feb 6 to allow travel agencies to open outbound group […]
[…]The post The Case For (And Against) Anura Kumara Dissanayake appeared first on Colombo Telegraph.
(AFP)Sri Lanka on Thursday welcomed the first Russian travellers aboard a new flight service that was launched after the bankrupt nation urged Moscow to help revive its beleaguered economy by sending tourists. Russia was Sri Lanka’s biggest source of visitors at the start of the year but arrivals
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate anovel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka. According to this arrangement, beneficiaries in Sri Lanka
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
Sri Lanka President Ranil Wickremesinghe told the Parliament on Thursday (November 10) Sri Lanka won’t have a major issue with food security during next year, hopefully.The post Sri Lanka won’t have a major issue with food security during next year – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka tourism is yet to see large foreign visitors after political crisis ended.
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
The Sri Lankan authorities continue negotiations with Russia on the provision of a loan to buy Russian fuel, Sri Lankan Minister of Transport and Highways and Minister of Mass Media Bandula Gunawardena said on Saturday in an interview with Sputnik.The post Sri Lanka, Russia continue talks on loan
By Ifham Nizam Sri Lankan scientists, and their foreign colleagues, had discovered a new bat species, living in Sri Lanka and India. This bat is scientifically known as Miniopterus phillipsi, and Phillip’s long-fingered bat in English. The research team was led by young biologist, a PhD candidate of Ruhunu University, Tharaka Kusuminda, currently working at […]