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ECONOMYNEXT –Sri Lanka cannot relax an import ban on vehicles, State Minister of Finance Ranjith Siyambalapitiya said, after the rupee fell steeply from around 191 to 220 level due to the operation of an inconsistent peg with one sided buying. The flexible exchange rate, concocted by Western mercantilists and peddled to countries without a doctrinal […]
- CBSL Chief: SL economy will recover at rapid pace in second half of 2023 (Category: Breaking News)
- IMF welcomes move to flexible exchange rate (Category: Business)
- Remittances through official channels up 78% in March (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
[…]The post NM’s Heritage: Upsurge Of Religious Despotism In Sri Lanka: Can The JVP Withstand Sinhala-Buddhist Racism? appeared first on Colombo Telegraph.
- On The Current Debate Among Left Intellectuals (Category: Breaking News)
- Law & Justice Are At Stake At Mylathmadu & Mathavanai In East (Category: Breaking News)
- Seize The Election To Secure It: ‘A Democratic Revolution By Force’ (Category: Breaking News)
- Follow-Up On The Buddhist-Tamil Dialogue In Europe & USA (Category: Breaking News)
It was important for Sri Lanka to restructure its debt and relax import restrictions by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka had suspended its external debt repayments and the import of many goods, which are against some […]
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- UK, US pressure Lanka to repeal PTA (Category: Breaking News)
- India lifts onion export ban for neighbour Sri Lanka (Category: Breaking News)
Pakistan Finance Minister Ishaq Dar claimed that geopolitics was behind a stalled loan programme as global institutions wanted Pakistan to default like Sri Lanka and then enter negotiations. Testifying before the Senate’s standing committee on finance, Ishaq Dar stressed that the country would meet its obligations with or without the IMF’s bailout package. He said […]
- Foreign powers want Pakistan to default like Sri Lanka – Pakistan Finance Minister (Category: Breaking News)
- Foreign powers want Pakistan to default like Sri Lanka- Pakistani Minister (Category: Breaking News)
- Pakistan s finance minister opposes provincial snap polls mandated by court (Category: Breaking News)
- COPF approves resolution on Domestic Debt Optimization (Category: Breaking News)
Sri Lanka's economy (LKGDP=ECI) shrank 11.5% in the first three months of 2023, official data showed on Thursday, as the country remained in the grip of its worst financial crisis in decades.The post Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- At least 17 people hospitalized after massive fire in Pettah (Category: Breaking News)
- Sri Lanka to start next round of talks with creditors in April (Category: Breaking News)
A Chinese citizen was apprehended at Tribhuvan International Airport (TIA) on 5 June under suspicious circumstances. Feng Changwen, who arrived in Nepal just two days prior, was taken into custody by airport security personnel when he attempted to board a flight to Kuala Lumpur. During a routine inspection, law enforcement officers discovered various currencies of […]
- Yuan Yen (Category: Business)
- For the chop? (Category: Technology)
- COUNTERFEIT CURRENCY RING LEADER ARRESTED (Category: Breaking News)
- COUNTERFEIT CURRENCY RING LEADER ARRESTED (Category: Breaking News)
Transparency International Sri Lanka (TISL) filed a petition in the Supreme Court on Monday (12 June), seeking to intervene in the ongoing Fundamental Rights case (SC/FR/Application No.168/2021) filed by the Centre for Environmental Justice (CEJ) and three more petitioners, highlighting the serious allegations of bribery and corruption surrounding the X-Press Pearl disaster. The intervention petit...
- Another petition filed over X-Press Pearl disaster (Category: Breaking News)
- SC allows TISL to intervene : X-Press Pearl case (Category: Breaking News)
- SC allows TISL to intervene in X-Press Pearl Case (Category: Breaking News)
- Master Divers Chairman urges govt. to act on advice of experts to obtain compensation (Category: Breaking News)
Privatisation of the telecom industry does not pose a threat to national security, according to Professor Rohan Samarajiva, former Director General of the Telecommunications Regulatory Commission.The post Privatising telecom industry poses no threat to national security – Professor Rohan Samarajiva appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka N...
- Sri Lanka Government to go ahead with privatising SLT despite ‘NO’ from S.O.C. on National Secur... (Category: Breaking News)
- SLT Chairman Rohan Fernando removed (Category: Breaking News)
- Sectoral Oversight Committee on National Security recommends not to privatise Sri Lanka Telecom (Category: Breaking News)
- Sri Lanka’s looming IMF review spotlights anti-corruption drive (Category: Breaking News)
[…]The post Good Governance & Economic Development appeared first on Colombo Telegraph.
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
- Opinion Vs Truth (Category: Breaking News)
- Are We Rotting Or Rotten? (Category: Breaking News)
- Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution (Category: Breaking News)
[…]The post Sustainable Debt & Unsustainable Democracy appeared first on Colombo Telegraph.
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
Way back in 2017, a Nigerian delegate attending a UN Economic and Social Council (ECOSOC) conference on Africa had said, “Africa is bleeding” and warned that his continent’s system has been rigged against Africans and exploited by multinationals. The situation after the lapse of six years is no different. Irene Ovonji-Odida, Chairperson of the International […]
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
- The Chinese Trap in African Contracts (Category: Breaking News)
- China’s environmental disaster in West Africa (Category: Breaking News)
- No longer the most populous, but still China wants to be world number one (Category: Breaking News)
By Saman Indrajith SJB Parliamentarian Eran Wickremaratne has called on the government in parliament to extend debt moratoria offered to small and medium Enterprises (SMEs). Wickremaratne said on Wednesday that following the pandemic, the prolonged economic crisis had heaped further burden on SMEs; he warned the failure to provide relief could result in more job losses. “This […]
- SJB asks govt. to halt parate executions (Category: Breaking News)
- U.S. commits USD 40M loan to support small businesses, empower Sri Lankan women (Category: Breaking News)
- Cash crunch killing SMEs: SLUNBA (Category: Breaking News)
- Sajith promises to establish dedicated unit for public sector SMEs (Category: Breaking News)
The United States says it would continue to explore areas in which its engagement and support will help Sri Lanka to overcome its economic challenges and continue its structural reforms. U.S. Department of the Treasury Deputy Assistant Secretary (DAS) for Asia Robert Kaproth visited Sri Lanka June 5 – 6. He met with Ambassador Chung […]
- Tamils in Canada urged to engage in Sri Lanka’s reconciliation process (Category: Breaking News)
- Navy foils illegal migration attempt from Mannar (Category: Breaking News)
- Ranil proposed winding up UNP (Category: Breaking News)
- Twenty-two Indian fishermen detained in Sri Lankan waters (Category: Breaking News)
New laws contemplated by the government appears to have caused much concern among Opposition political parties for obvious reasons. The constitutionality of the proposed Broadcasting Authority Bill is expected to be challenged in the Supreme Court. The whole process of law making raised quite a stir in the wake of the recent shocking Supreme Court […]
- Opp. alleges Prez intends to bring media under his thumb, roll back election map (Category: Breaking News)
- GL urges AG to ensure compliance with SC recommendations before Speaker certifies Online Safety ... (Category: Breaking News)
- GL frowns on Prez downplaying importance of elections before judges (Category: Breaking News)
- Herath accuses President of using SLPP as rubber stamp in Parliament to pass draconian laws (Category: Breaking News)
‘Bio-diversity prospecting is a very risky area, and therefore, it has to be done right’ ‘Many good consultations needed before Sri Lanka can go for climate bonds’ Forum aims at combining profitability with ecosystem conservation and regeneration by Sanath Nanayakkare Bringing together a collection of global good practices in investing in natural capital, the Asian […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- ADB’s knowledge engagement in Sri Lanka to be aligned with govt’s reform programme (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- USD 3.9 mn Korean boost for shrimp aquaculture sector (Category: Breaking News)
By Rathindra Kuruwita The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said addressing the media. “The government has to maintain roads, provide healthcare and education, security, etc. I don’t […]
- Sajith says govt lying about there being no money to hold polls after having printed Rs 278 bn i... (Category: Breaking News)
- All 225 sitting MPs must share the blame for the present crisis: Ranatunga (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
- Govt plans accreditation for every profession (Category: Breaking News)
The Sectoral Oversight Committee on Foreign Employment and Labour has recently directed the Central Bank to submit a report detailing the institutions in which funds belonging to the Employees Provident Fund (EPF) have been invested. In addition, the committee has decided to summon experts to propose a systematic approach for utilizing EPF funds. Under the […]
- SOC reveals defaulted EPF payments by plantation companies (Category: Breaking News)
- COPF discusses effect of domestic debt restructuring on EPF (Category: Breaking News)
- EPF to be summoned before PAC (Category: Breaking News)
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
[…]The post Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! appeared first on Colombo Telegraph.
- Politics & Death Of Sanath Nishantha: Some Sombre Lessons & Reflections (Category: Breaking News)
- Calm Before The Storm! Aragalaya -’22 Has Rested Enough!!! (Category: Breaking News)
- Evaluation Of Aragalaya (Category: Breaking News)
- With Impunity Remaining Normalised, What Hope For Sri Lanka? (Category: Breaking News)
Representing Sri Lanka at the 14th International Infrastructure Investment and Construction Forum (14th IIICF) Friday (02), Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva said that under the leadership of President Ranil Wickremesinghe, the government was dedicated to driving the digitalization initiative forward under name ‘DIGIECON 2030’, signifying a pivotal step towards [...
- Sri Lanka to spend USD132M on port development projects (Category: Breaking News)
- India, SL to start ferry service between KKS and Puducherry (Category: Breaking News)
- Nimal Siripala pushes for more seagoing jobs (Category: Breaking News)
- Part of port land up for sale (Category: Breaking News)
Ayodhya Iddawela Perera took over as the next Managing Director of Sampath Bank PLC effective from the 1st of July 2023. She succeeded the incumbent Managing Director, Nanda Fernando, who will conclude his term in office on the 30th of June 2023, leaving behind a legacy of commitment, excellence, and service to the Bank. Having […]
- Bank Changes (Category: Business)
- Growth Number (Category: Business)
- Bank Numbers (Category: Business)
- Spreading Out (Category: Business)
At the briefing on the progress of Climate Change and Green Growth held on Wednesday (31) at the Presidential Secretariat in Colombo between President Ranil Wickremesinghe and officials of the Climate Change Secretariat led by President’s Adviser on Climate Change Ruwan Wijewardene it was revealed that the Climate Change University would be launched next year […]
- 'Crops could keep Earth cool' (Category: Technology)
- University urged to cancel Monckton lecture (Category: Western Australia)
- Challenges of climate adaptation (Category: Technology)
- Is Jacobs a climate change sceptic? (Category: Western Australia)
[…]The post The Food Crisis In Sri Lanka: Why We Must Act Now! appeared first on Colombo Telegraph.
- Japan provides $ 4.6 Million through FAO to boost paddy production in Sri Lanka (Category: Breaking News)
- Japan provides $ 4.6 million through FAO to boost paddy production in Sri Lanka (Category: Breaking News)
- Drought dents Sri Lanka’s economic hopes, farmers’ livelihood (Category: Breaking News)
- EU and FAO launch initiative to improve paddy farming in Sri Lanka (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe reiterated his commitment to prevent any regression of the country to its previous state, emphasizing his determination to transform Sri Lanka into a fully developed nation by 2048.The post Government’s objective is to develop Sri Lanka as a thriving nation by 2048 appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri ...
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- Govt. to unveil National Reorganisation Plan – President (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively, CBSL said in a statement on Thursday. The decision was taken at […]
- Sri Lanka s central bank expect inflation to drop to 7% in July (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Policy interest rates reduced to enable economy to reach its true potential – CBSL Governor (Category: Breaking News)
- CBSL issues clarification on composition of Governing Board Monetary Board (Category: Breaking News)
By Shyam Nuwan Ganewatta Sri Lanka’s economy would recover at a rapid pace in the second half of 2023, Central Bank Governor, Dr. Nandalal Weerasinghe said yesterday addressing a press conference in Colombo.Dr. Weerasinghe also said that the inflation would drop to a single digit by the end of July 2023. Strict fiscal and monetary […]
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
- Sri Lanka hopes to complete debt restructuring in six months, says CBSL governor (Category: Breaking News)
- CBSL governor to stay in post, says improvement observed in political stability (Category: Breaking News)
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
[…]The post Special Statement Delivered By President Ranil Wickremesinghe: Full Text appeared first on Colombo Telegraph.
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Govt. to unveil National Reorganisation Plan – President (Category: Breaking News)
President Ranil Wickremesinghe making a special statement to the nation reiterated his commitment to prevent any regression of the country to its previous state and his determination to transform Sri Lanka into a fully developed nation by 2048. The President explained at length the measures taken by the government in the past nine months to […]
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Govt. to unveil National Reorganisation Plan – President (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively. The Board arrived at […]
The licensed commercial banks (LCBs) are expected to bring down the lending rates for businesses now that the Central Bank of Sri Lanka (CBSL) has relaxed its monetary policy stance, CBSL Governor Dr. Nandalal Weerasinghe says.
The Central Bank of Sri Lanka has relaxed its monetary policy stance in line with the faster than expected slowing of inflation. The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Central Bank of Sri Lanka decides to maintain policy rates (Category: Breaking News)
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