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[…]The post G.C. Rodrigo: Friend, Colleague & Comrade: ‘When Alone Think Clearly; When With Others Speak Carefully’ appeared first on Colombo Telegraph.
Sri Lanka's consumer price inflation rose to 2.7% in April from 2.5% in March, according to official data released on Tuesday, as reported by Reuters.The post Sri Lanka’s April inflation climbs to 2.7%, up from March’s 2.5% appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
Sri Lanka’s Ministry of Foreign Affairs rejected the “false allegation” of a so-called “genocide” in Sri Lanka in a message by Canadian Prime Minister Justin Trudeau on 18 May 2024. The Government of Sri Lanka in all previous communications has categorically refuted such outrageous allegation of genocide in Sri Lanka. No competent authority in Canada […]
United Republic Front leader MP Patali Champika Ranawaka on Sunday said that President Ranil Wickremesinghe was not in a position to dissolve Parliament even if a resolution was passed with 113 votes of MPs in Parliament to that effect. Addressing a ceremony held to open a URF office in Matara, Ranawaka said that the incumbent […]
Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka’s non-bank financial sector, announced its decision to raise Rs. 4 billion through its debenture issue. The Board of Directors of Siyapatha Finance PLC approved the decision to raise funds through the issuance of listed, rated, senior, unsecured, redeemable […]
[…]The post ‘A Death In An Antique Shop’: Challenge To Our Cognitive Capacity? appeared first on Colombo Telegraph.
President Ranil Wickremesinghe has directed the resumption of the “Suraksha” student insurance program, which was temporarily suspended due to economic challenges. Starting from the first week of June, all school students across the island will once again be able to benefit from this insurance scheme. The Cabinet recently approved a Joint Cabinet Memorandum presented by […]
The International Monetary Fund (IMF) this week praised Sri Lanka for the progress it has made in implementing economic reforms, despite the difficulties faced by the public.The post IMF praises Sri Lanka’s economic progress amid challenges appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
by Neville Ladduwahetty The question cited above was the title of an article published in Ceylon Today by N. Sathya Moorthy (SM), who identifies himself as a Chennai based Policy Analyst/Political Commentator (Friday 10, 2024).The answer to his question is – NOT YET. For the present, stealing is limited to marine assets and the destruction […]
During the first quarter of 2024, Bank of Ceylon demonstrated impressive growth and resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, a substantial increase compared to the previous year, illustrating its dedication in challenging economic conditions. As favorable conditions emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, […]
The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet. The Group […]
India’s fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka. Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India’s High Commissioner to Sri Lanka Santosh Jha attended the launch event in Sri Lanka. In a post on X, the Indian High Commission in Sri Lanka stated, “Unlocking new frontiers in […]
DFCC Bank recently unveiled its Annual Report 2023, spotlighting the Bank’s remarkable achievements against a backdrop of formidable challenges and exciting opportunities. Overcoming a challenging and dynamic economic environment, DFCC Bank emerged, posting a record-breaking financial year. These achievements were complemented and supported by the Bank’s many sustainable initiatives in...
SJB and Opposition Leader Sajith Premadasa yesterday called on the government to take stringent action against those engaging in pyramid scams in Sri Lanka. Premadasa said that ‘OnmaxDT’, a private firm was involved in a pyramid fraud of US$ 100 million in Sri Lanka. ‘OnmaxDT’ is among nine entities banned by the Central Bank of Sri Lanka in August […]
In the bustling heart of Ja-Ela, Moose Clothing Company stands tall as a beacon of creativity, technical expertise, and workmanship. Established in 2018 with a vision to redefine Sri Lanka’s fashion landscape whilst bridging the gap between affordability and accessibility to good quality fashion, Moose Clothing Company has now embarked on a journey that transcends […]
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement a voluntary retirement scheme (VRS) for employees of the Sri Lanka Savings Bank. A payment is to be made to employees who retire voluntarily. The Sri Lanka Savings Bank became […]
[…]The post Being Meticulously Scrupulous! appeared first on Colombo Telegraph.
[…]The post Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To The Governor Of The Central Bank appeared first on Colombo Telegraph.
[…]The post After May Day: Now What? appeared first on Colombo Telegraph.
[…]The post Economic Growth, National Security, And What Next For Sri Lanka appeared first on Colombo Telegraph.
By N Sathiya Moorthy The way the politics of the upcoming presidential poll is panning out, it may not be long before some external player involved in Sri Lanka’s debt-restructuring and allies aspects of economic recovery will begin hinting at the need for a national consensus on such matters. It may be the IMF, it may […]
Sri Lankan President Ranil Wickremesinghe stated that he expects to increase the growth rate of Sri Lanka’s economy to up to 3% by the year 2025 and mentioned that steps would be taken to increase the salaries of government employees.The post Sri Lanka Nursing University inaugurated appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? appeared first on Colombo Telegraph.
by Rex Clementine Sri Lanka have named their squad for the ICC T-20 World Cup and some big names that featured in T-20 sides in recent outings have been given the cold shoulder. The most notable of them all is former captain Kusal Janith Perera. Perhaps the fiercest striker of the cricket ball in Sri […]
The HSBC Bank in Sri Lanka has warned constituents to beware of scammers actively promoting unauthorized crypto currency investment schemes through compromised or hacked social media profiles. In some cases, there have been false notifications appearing to be from HSBC, referring to a crypto investment credit, he bank said. “We wish to clarify that HSBC […]
Debt owed by various countries, especially in South Asia and Africa, to China has multiplied in recent years.The post Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Aragalaya Effect Vs IMF Effect appeared first on Colombo Telegraph.
President Ranil Wickremesinghe told Parliament yesterday, making a statement, that he had assumed leadership of the country without any conditions, despite being a sole Member of Parliament from his party. The President said he expected to conclude all negotiations with external creditors by the middle of this year, and that the ultimate goal of debt restructuring […]
[…]The post Ignoring The Whale, While Hooking The Sprat appeared first on Colombo Telegraph.
[…]The post Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis appeared first on Colombo Telegraph.