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Sri Lanka has recorded an over 16 percent increase in workers remittances while tourism earnings has increased by nearly 114 percent in February 2024 compared to the previous year, according to the latest data from the Central Bank of Sri Lanka (CBSL).
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.
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka expects 1.8% Economic growth in 2024 (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
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.
- President blames Sajith for crisis (Category: Breaking News)
- Parliament has passed 42 new laws in the Last 14 months – President (Category: Breaking News)
- Sri Lanka risks returning to bankruptcy within a decade unless steps taken promptly – President (Category: Breaking News)
- Proposed laws set to introduce structural changes, will be presented to Parliament in May – Pres... (Category: Breaking News)
Sri Lanka s earnings from tourism were estimated at USD 342 million in January 2024, the Central Bank s latest report on external sector performance revealed.
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, […]
- Musical shows and political gatherings banned at Galle Face Green (Category: Breaking News)
- Over 230 suspects arrested over unrest (Category: Breaking News)
- President wants Government institutions out of Galle Fort (Category: Breaking News)
- Galle Face protesters to withdraw today (Category: Breaking News)
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 […]
- Orwellian Isle Ordeals (Category: Breaking News)
- Message from a Cell Death (Category: Breaking News)
- Post-Match Melancholia (Category: Breaking News)
- Empire’s Enchantment (Category: Breaking News)
A culture-based local solution for Sri Lanka BY Prof Nimal Gunatilleke The Thirty-seventh Session of the UN-FAO Regional Conference for Asia and the Pacific (APRC) is being held as a high-level Ministerial in-person event in Colombo, Sri Lanka from 19 – 22 February 2024. This was preceded by the Senior Officers Meeting (SOM) held virtually […]
- Growing challenge of food insecurity and malnutrition in Sri Lanka amidst macroeconomic crisis (Category: Breaking News)
- Kaviratne reveals ignominious ratings of the country (Category: Breaking News)
- Poverty, Aswesuma and food security (Category: Breaking News)
- Undernourishment as well as over-nutrition plaguing some of SL’s schoolchildren – minister (Category: Breaking News)
The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily reliant on tourism, suffered […]
- China’s Efforts to Pressure Sri Lanka into Signing FTA through Debt Restructuring (Category: Breaking News)
- Maldives’ Anti-India Leadership Sparks Public Ire and Economic Turmoil (Category: Breaking News)
- Maldives’ Economic Downfall Under President Muizzu’s Choices (Category: Breaking News)
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
I became the first person to officially transact using UPI in Sri Lanka on February 12th 2024. In the presence of three heads of states/ governments. Leaders of India, Sri Lanka and Mauritius watched the transaction and celebrated its success with applause. So what is UPI ? How does it benefit indian consumers, merchants and […]
- Only three transactions per LankaQR merchant code in 2023 (Category: Breaking News)
- India and Sri Lanka fail to reach deal on fee payments for RuPay transactions (Category: Breaking News)
- India’s PhonePe UPI launched in Sri Lanka (Category: Breaking News)
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
[…]The post RW-Israel Honeymoon & Political Matchmaking appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Saboteurs & Charlatans Of Reconciliation (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
Indian Prime Minister Narendra Modi and Sri Lanka’s President Ranil Wickremesinghe, witnessed the virtual launch of the Unified Payments Interface (UPI) connectivity between India and Sri Lanka. The President’s office said that in a ground-breaking move aimed at enhancing the convenience and security of digital payments for Indian tourists in Sri Lanka, a virtual launch […]
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
- India’s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
- India’s PhonePe UPI launched in Sri Lanka (Category: Breaking News)
- Modi to launch Unified Payment Interface services in Sri Lanka (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe, addressing concerns about China’s increased presence in the Indian Ocean region, said the island nation would not allow anything that would jeopardize India’s security.The post Sri Lanka will not allow anything harmful to India’s security – President Ranil appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lankan president calls Aukus a ‘mistake’, rejects fears over China (Category: Breaking News)
- Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil (Category: Breaking News)
- RW: Final settlement with Tamils in a few months (Category: Breaking News)
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- President ready to exempt school supplies, health equipment, medicine, etc., from VAT (Category: Breaking News)
- Govt will increase benefits for people as revenue buffers strengthen, says President (Category: Breaking News)
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- System Change Happening In Wrong Direction (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
By Hiran H.Senewiratne Sri Lanka’s inflation could rise to 7 percent in January 2024 due to the VAT increase, the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe warned. Speaking at a special press briefing held yesterday, Dr. Weerasinghe explained that an increase in inflation is likely due to the increase […]
- CB reduces interest rates by 100 basis points to tackle inflation and ease borrowing costs (Category: Breaking News)
- Price controls to be removed from rupee lending rates from April 1 – CBSL Governor (Category: Breaking News)
- Policy interest rates reduced to enable economy to reach its true potential – CBSL Governor (Category: Breaking News)
- CB reduces interest rates (Category: Breaking News)
Gourmet Galle, the partner festival to the esteemed Galle Literary Festival, is set to launch an exceptional 12-week culinary celebration on the picturesque shores of the south of Sri Lanka. Conceived by Geoffrey Dobbs, the festival director, and founder, Gourmet Galle aims to bring people out of the wintry cold and dark countries, offering an […]
- Globetrotting chefs at Gourmet Galle (Category: Breaking News)
- Galle Concerto to invigorate tourism (Category: Breaking News)
- Galle Literary Festival to return in 2024 with star-studded line-up (Category: Breaking News)
- Gourmet Galle: A culinary extravaganza on the south coast of Sri Lanka (Category: Breaking News)
By Sanath Nanayakkare When a country is in an economic crisis, it creates an environment conducive to implementing economic reforms which would be difficult to do in good times, however, it still depends on how far the reformist leaders can shape the opinion of the people and the people’s willingness to take those reforms on […]
- Sajith promises revolutionary economic reforms (Category: Breaking News)
- People must have confidence of ability to access Justice: Wijeyadasa (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- ADB country chief hopes Lanka could sustain policy reforms despite elections (Category: Breaking News)
[…]The post Oman-Sri Lanka Relations As Seen By Diplomat O.L. Ameer Ajwad appeared first on Colombo Telegraph.
- Vibrant ties with M-E, a foreign policy priority for SL (Category: Breaking News)
- Book on "Sri Lanka – Oman Relations" launched (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- A Child’s Guide To Prema-Chandra Athukorala Chinthana On Import Substitution (Category: Breaking News)
Tourist arrivals in Sri Lanka crossed the 200,000 mark in December, the highest arrivals for the last four years in one month. Tourism Minister Harin Fernando said that total arrivals for 2023 will be almost close to 1.5 million which was the original target set in Jan 2023. Sri Lanka’s tourism sector has been on […]
- Sri Lanka records 624,874 tourist arrivals by end of June (Category: Breaking News)
- UK relaxes travel advise on Sri Lanka (Category: Breaking News)
- Sri Lanka records over 630,000 tourist arrivals in 2024 (Category: Breaking News)
- Over USD 1 million earned from tourist arrivals in Sri Lanka this year (Category: Breaking News)
The Minister of Labour and Foreign Employment Manusha Nanayakkara, highlighted the significant improvement in the country’s foreign reserves under the leadership of President Ranil Wickremesinghe.The post Government abled to increase foreign reserves to USD 3.6 Billion – Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Minister Manusha Nanayakkara Announces Remarkable Recovery: Government Replenishes Foreign Reser... (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
- Current govt. increased foreign reserves to USD 3.6bn  Minister (Category: Breaking News)
- Remittances from expat workers improving, says Manusha (Category: Breaking News)
South Asian pop music sensation – Yohani, bagged top honors in the categories of “Most Popular Music Video” and “Most Viewed Music Video of 2021” at the TV Derana Music Video Awards held recently. The win comes on the back of the launch of Yohani’s debut album – “Kella,” which was released on all […]
- Yohani’s debut album “Kella” to be launched in October (Category: Breaking News)
- Sri Lankan star Yohani featured at Times Square in New York (Category: Breaking News)
- Yohani attends F1 Grand Prix in Abu Dhabi as TAG Heuer Brand Ambassador in Sri Lanka (Category: Breaking News)
- Waves Challenge Yohani and 50 Influencers to Celebrate “Show Your Two Colours” Trend (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- The President desires to make the most of the development opportunities in the Indian Ocean regi... (Category: Breaking News)
- Rupees 1,500 million allocated for ‘Greater Kandy Urban Development Program’ – State Minister fo... (Category: Breaking News)
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances ... (Category: Breaking News)
- Are Providers Of Information Under RTI Cognizant Of Their Obligations? (Category: Breaking News)
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 […]
- Travel Trend (Category: Business)
- Tourist arrivals increase in November (Category: Breaking News)
- Sports Draw (Category: Business)
- Sri Lanka Marks First Anniversary of Civil War End (Category: Breaking News)
Income generated by tourism in Sri Lanka from January to the end of November reached 1.8 billion U.S. dollars, which is a 78.3 percent hike from the same period in 2022, the latest data by the Central Bank of Sri Lanka (CBSL) revealed.
Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB funding post-IMF approval – official appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
- Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- Asian Development Bank vows more help for crisis-hit Sri Lanka (Category: Breaking News)
- World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms (Category: Breaking News)
by Ifham Nizam Political instability is one of the biggest stumbling blocks when it comes to managing climate vulnerability, a senior climate scientist has warned. Speaking at a recent symposium titled ‘Poverty Alleviation in an Era of Economic Crisis’, former Director of the Natural Resources Management Centre (NRMC) of the Ministry of Agriculture Dr. Ranjith […]
- Sri Lanka’s economy shows signs of stabilization, but poverty to remain elevated (Category: Breaking News)
- WB predicts Lanka’s poverty will increase to 28% in 2023 from 25% recorded last year (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- ADB’s knowledge engagement in Sri Lanka to be aligned with govt’s reform programme (Category: Breaking News)
ECONOMYNEXT –Sri Lanka’s non-performing loans after the latest currency crisis is showing signs of having peaked but some sectors are hit worse than others with problem loans dating back from Coronavirus moratoriums, a banking official said. Hotels, transport and arts and entertainment sectors had bad loans of 30 to 20 percent, while the overall level […]
- SLBA calls for government engagement to facilitate debt recovery process (Category: Breaking News)
- Parate execution is the last resort to protect depositors’ funds – SLBA (Category: Breaking News)
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
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