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[…]The post Playing The Fiddle While The Country Burns! appeared first on Colombo Telegraph.
[…]The post The Steps To Achieve Justice In Sri Lanka appeared first on Colombo Telegraph.
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 […]
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Central Bank pay hike controversy: By Saman Indrajith The MPs who met a group of officials from the Central Bank of Sri Lanka (CBSL) yesterday found that the controversial salary increments of the CBSL workers had been based on a collective agreement. Some of the MPs argued that the collective agreement should be abolished. The meeting […]
The Sri Lankan government has taken significant steps to revitalize its national carrier, SriLankan Airlines, amidst mounting debt challenges.The post Sri Lanka Government extends deadline for SriLankan Airlines restructuring amid debt crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lankan President Ranil Wickremesinghe revealed that over the past 14 months, the Parliament has enacted 42 new laws to facilitate the country’s economic transformation.The post Sri Lanka President says 42 new laws enacted for economic transformation, 62 laws due for enactment appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Hopes had been high over the past week following talks in Paris that there could be a new Gaza ceasefire deal in place for the start of the Islamic holy month of Ramadan next week. However, while Hamas has now sent a delegation to Cairo for further negotiations with Egyptian and Qatari mediators, Israel has […]
Pakistan must navigate challenges in the finance sector by diversifying its economic alliances, reducing dependence on singular partners, and negotiating funding arrangements that align with its long-term developmental objectives. The road ahead demands astute diplomatic manoeuvring, a commitment to economic resilience, and a proactive approach to curb corruption and inefficiencies of the Pakistan...
By Shamindra Ferdinando Gevindu Cumaratunga, MP, has sought Prime Minister Dinesh Gunawardena’s intervention to ensure State Finance Minister Shehan Semasinghe on behalf of President Ranil Wickremesinghe, who holds the Finance portfolio, provided a satisfactory answer to several queries he raised regarding the status of the Employees Provident Fund (EPF) as at 31 Dec., 2022. In […]
Monday 04th March, 2024 The Central Bank of Sri Lanka (CBSL) is drawing heavy flak for having granted its workers generous pay hikes amidst a crippling economic crisis. Its critics are arguing that such salary increases, allegedly ranging from 29% to 70%, should not have been given at a time when the government is asking […]
by Dhara Wijayatilake Director and Secretary General of the International ADR Center Sri Lanka ratified the UN Convention on International Settlement Agreements Resulting from Mediation, popularly known as the Singapore Convention on Mediation, held recently. As at today, the Convention has 56 signatories and has been ratified by 14 nations. The Convention was developed by […]
[…]The post Ronnie De Mel: A True Democrat & An Economics Philosopher To The End appeared first on Colombo Telegraph.
The United Nations Population Fund (UNFPA) explored opportunities to further support Sri Lanka in achieving rights and choices for all citizens. UNFPA Asia Pacific Regional Director, Pio Smith, who is engaged on an official visit to Sri Lanka, paid a courtesy call on Prime Minister Dinesh Gunawardena at Temple Trees. The meeting was marked by […]
Religious minorities in Pakistan, including Christians, Hindus, and Shia Muslims, also encounter discrimination and persecution, notably through the country’s blasphemy laws. Advocacy organizations representing Christians and Hindus, as well as other minority groups, criticize the electoral system, asserting its undemocratic nature and its marginalization of religious minorities from mainstream po...
By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]
In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]
The year 2023, marked a key milestone for Union Bank with CG Capital Partners Pte. Ltd., indirectly acquiring the majority shareholding through its ownership in Culture Financial Holdings Ltd. CG Capital Partners Pte. Ltd., is an affiliate company of the international powerhouse CG Corp Global (CG). The improved macroeconomic outlook during FY2023 positioned Union Bank […]
LinearSix, a pioneering force in the digital transformation of the financial services industry, proudly marks its seventh anniversary as a leader in promoting financial inclusivity through innovative technology solutions. Since its inception in 2017, LinearSix has played a pivotal role in driving digital growth in Sri Lanka’s banking and financial sector, demonstrating a commitment to [̷...
Sri Lanka’s Cabinet has approved a proposal made by President Ranil Wickremesinghe to create a “Children of Gaza Fund” in aid of Gaza violence victims. Accordingly, President Wickremesinghe and Prime Minister Dinesh Gunawardena have instructed all ministries and Government institutions to forego Iftar celebrations and contribute to the fund. Furthermore, public contributions have...
The Indian government is working on operationalizing Rupee investments in Sri Lanka in a move to boost Indian investments in its southern neighbor, two people aware of the matter told Mint.The post India to push rupee investments in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
We, the Central Bank Executive Officers’ Union (CBEOU), as a professional union representing the Executive Officers of the Central Bank of Sri Lanka, wish to clarify some facts, as it was evident that the discourse on the recent salary revision of the Central Bank of Sri Lanka is extremely partial and raised without proper knowledge […]
Palestinian Prime Minister Mohammad Shtayyeh has announced the resignation of his government, which rules parts of the occupied West Bank, due to the escalating violence in the occupied territory and the war on Gaza. “The decision to resign came in light of the unprecedented escalation in the West Bank and Jerusalem and the war, genocide […]
Globetrotting chefs Jeremy Lee, Karam Gokani, Cynthia Shanmugalingam, James Lowe, and O Tama Carey have already graced the Gourmet Galle stage in the past month carrying out profound masterclasses and hosting delectable dinners in and around historic and artisan locality of Galle. Hailing from culinary capitals such as Japan, London, New York, Sydney, and Singapore, […]
Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national assets which they are planning to dispose […]
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
[…]The post Gazan Fire Fuelled By Western Genocide Enablers With A Scrambled Moral Compass! appeared first on Colombo Telegraph.
ECONOMYNEXT –The Asian Development Bank (ADB) expects Sri Lanka not to reverse its International Monetary Fund-led policy reforms despite elections soon, the ADB Country Director for Sri Lanka Takafumi Kadono said. The island nation has witnessed repeated reversals of policy reforms in the past due to greedy politicians who misled the people to vote for […]
Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]