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Special traffic arrangements will be implemented today (April 24) in Colombo and Mattala due to the visit of Iranian President Dr. Ebrahim Raisi, as announced by the Sri Lanka Police.The post Sri Lanka implements special traffic plans for Iranian President’s visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Iran and Sri Lanka are to sign five Memorandums of Understanding (MoUs) during Iranian President Ebrahim Raisi’s visit to Colombo. Raisi, is set to visit Sri Lanka, Wednesday, in response to a special invitation extended by President Ranil Wickremasinghe, marking the first visit of an Iranian President to Sri Lanka since former President Dr. Mahmoud […]
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
The chairman of the Colombo Stock Exchange (CSE), Dilshan Wirasekera, discusses opportunities for capital raising and the stock market outlook for 2024 in the following interview: Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the […]
The International Monetary Fund (IMF) commended Sri Lanka on the hard-won economic gains. First Deputy Managing Director of the IMF, Gita Gopinath said that she really appreciated meeting Sri Lanka’s State Minister of Finance Shehan Semasinghe and Central Bank Governor Nandalal Weerasinghe. “I commended them on hard-won economic gains in the past year. The road ahead […]
[…]The post Reforming Education: Target For Creative Capital & Not For Mere Human Capital appeared first on Colombo Telegraph.
ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific said this when he met State Finance Minister Shehan Semasinghe and the island nation’s Central […]
Engineer advocates for increased funding to meet safety goals By Rathindra Kuruwita The number of deaths in road accidents in Sri Lanka has been decreasing since 2020, Kamala Gunawardena, a highway consultant with over 20 years of experience and consultant to the World Bank on road safety, says. Sri Lankan police categorised accidents into four […]
As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]
Sri Lankan President Ranil Wickremesinghe expressed his firm conviction in his ability to shape Sri Lanka into the country that the nation’s youth envision.The post President says he will build a Sri Lanka that the youth aspire to appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Apropos our news items (in The Island of 18 April) “Australia-based doc alleges her flat illegally occupied by diplomatic mission employee”, the High Commission for the People’s Republic of Bangladesh in Colombo has sent us the following response: “We draw your kind attention to the publication of the news item titled “Australia-based doc alleges her […]
Friday 19th April, 2024 One wonders whether the Parliament of Sri Lanka, which is full of self-righteous members who moralise to the point of queasiness, has taken upon itself the task of serving as a moral compass of sorts for the nation. Its sessions are characterised by endless tub-thumping. During the past several weeks, Parliament […]
The Ministry of Defence has instructed the Sri Lanka Army to offer a General Amnesty period from April 20 to May 20, 2024, for all military personnel who have been Absent Without Leave (AWOL) prior to April 2, 2024. This amnesty allows them to officially discharge from their duties. During this one-month amnesty, absentees can […]
The Sri Lanka Army has declared a general amnesty for all absentees, enabling them to receive an official discharge from their service. The general amnesty will be in force for a period of one month starting from 20 April to 20 May 2024. During the officially declared general amnesty period, Army absentees have been provided […]
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
Sri Lanka Army, on the directions of the Ministry of Defence, has declared a General Amnesty for the period of one month starting from 20 April to 20 May 2024 to all Army absentees, enabling them to receive an official discharge from their service. During the officially declared general amnesty period, Army absentees have been […]
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Asian Development Bank (ADB) has highlighted the critical role of addressing gender inequality in achieving Sri Lanka's ambitious growth targets.The post ADB urges Sri Lanka to address gender inequality to boost economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A year after India overtook China to become the world’s most populous country, its rapid upward economic trajectory and increasing diplomatic, scientific and military weight make it an emerging superpower of ever-growing importance to the United States and the world. Indian Prime Minister Narendra Modi addressed Newsweek’s written questions and followed up with a 90-minute […]
WB: Sri Lanka needs ‘robust and credible structural reforms’ Poverty in Sri Lanka has increased over the past four years, from 11 percent in 2019 to 26 percent in 2024, and the country needs ‘robust and credible structural reforms,’ says the latest report released by the World Bank. The WB report, titled ‘Sri Lanka Development […]
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) for March 2024 recorded the highest values recorded in three years, the latest data by the Central Bank of Sri Lanka (CBSL) shows. PMI – Manufacturing recorded an index value of 62.5 in March, compared to 56 in February. The CBSL said all sub-indices expanded […]
Sri Lanka informed the G-24 Finance Ministers and Central Bank Governors that the country’s economy has now stabilised. State Minister of Finance Shehan Semasinghe told the delegates during the IMF/WB Spring meetings in Washington that the growth momentum in Sri Lanka has commenced. “Highlighted the deep and wide ranging economic reform programme adopted to address […]
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
Sri Lanka began the International Monetary Fund and World Bank Group (IMF/WBG) Spring Meetings with a productive bilateral discussion with Kenji Okamura, the Deputy Managing Director of the IMF, according to State Minister of Finance, Shehan Semasinghe.The post Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks appeared first on ONLANKA - Sri Lanka Latest Breaking New...
On 19 April, Indians will begin choosing a new parliament for the next five years, as Prime Minister Narendra Modi seeks a third consecutive term. Opinion polls put his Bharatiya Janata Party (BJP) and its allies ahead. They are up against the Indian National Developmental Inclusive Alliance (India), which groups more than two dozen opposition […]
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
The International Monetary Fund (IMF) and Sri Lanka discussed the next steps to finalize the 2nd Review of the IMF programme. The discussion took place between State Minister of Finance Shehan Semasinghe and IMF Executive Director for India and Sri Lanka Dr. Krishnamurthy Subramanian. “It is always a pleasure to meet with Dr. Krishnamurthy Subramanian, […]
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe.
[…]The post Excitement Unleashed – Slot Games and Betting Options on Melbet Sri Lanka appeared first on Colombo Telegraph.