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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 […]
- Moose Clothing Company sponsors Sri Lankan team for World Cup (Category: Breaking News)
- Moose Clothing Co. SLC’s Official Cricket Clothing Sponsor for 2023-27 (Category: Sports)
- Sri Lanka team departs for ICC T20 World Cup (Category: Breaking News)
- ICC T20 official sponsor Hyundai gifts fleet of 60 vehicles (Category: Business)
[…]The post Aragalaya Effect Vs IMF Effect appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
Addressing the Parliament of Sri Lanka today (May 09), President Ranil Wickremesinghe provided a comprehensive overview of the country's economic journey over the past two years.The post Sri Lanka President highlights economic progress and future challenges appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Sri Lanka and India reach agreements on Renewable Energy, Animal Husbandry, and more (Category: Breaking News)
- President delivers special statement in parliament (Category: Breaking News)
- Sri Lanka President invited all to join hands to build a prosperous Sri Lanka by 2048 (Category: Breaking News)
- Sri Lanka President Ranil Wickremesinghe meets Singapore President Halimah Yacob (Category: Breaking News)
By Easwaran Rutnam President Ranil Wickremesinghe blamed Opposition Leader Sajith Premadasa for the crisis in the country saying things could have been different if he accepted the Prime Minister post in April 2022. The President expressed these views after delivering a statement in Parliament, Thursday. Wickremesinghe said that in 2022 he willingly embraced the task […]
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- President outlines his track record since assuming office in 2022 (Category: Breaking News)
by Jayasri Priyalal Jayasripriyalal59@gmail.com The greatest challenges confronting the nation-states in the current era revolve around; deplorable debt, depleted natural resources, and degraded environment. Economic growth and future prosperity for all living beings are stalled due to the varying degrees of the 3D problems emerging out of ill-conceived policy divergences propelling the linear eco...
- IMF Must Become More Than Just A Debt Collector For Private Creditors (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- A survival strategy amidst geopolitical rivalry (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- Western Discontents, Modi’s New India, And Sri Lankan Anniversaries (Category: Breaking News)
- Iran-Israeli Tit For Tat, India’s Vote Marathon & Lanka’s Long Election Eve (Category: Breaking News)
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 […]
- Uma Oya development project declared open (Category: Breaking News)
- Iran’s President to visit Sri Lanka and launch several water projects (Category: Breaking News)
- Tight security during Iranian President’s visit to Colombo (Category: Breaking News)
- Iran’s President offers to contribute to Sri Lanka’s progress (Category: Breaking News)
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 […]
- ‘Recognizing, Inspiring and Strengthening’ SL’s exporters (Category: Breaking News)
- Brandix excels at export awards (Category: Breaking News)
- Dollars and conscience (Category: Breaking News)
- Why record export earnings may not be good news (Category: Breaking News)
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 […]
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- Sri Lanka’s economy shows signs of stabilization, but poverty to remain elevated (Category: Breaking News)
- Poverty, Aswesuma and food security (Category: Breaking News)
- WB predicts Lanka’s poverty will increase to 28% in 2023 from 25% recorded last year (Category: Breaking News)
Sri Lanka’s foreign reserves had exceeded the five billion US dollar mark, State Minister of Finance, Ranjith Siyambalapitiya told journalists in Colombo yesterday (15). Siyambalapitiya said that in the recent past the Central Bank had bought large quantities of dollars from the domestic market as well. Siyambalapitiya also mentioned that Sri Lanka, in 2022, limited the imports […]
- Year 2010 budget to be presented in parliament in June (Category: Breaking News)
- Govt expects its nutritional program to yield benefits (Category: Breaking News)
- Siyambalapitiya denies involvement in robbery . (Category: Breaking News)
- All measures in place for “Deyata Kirula” Exhibition (Category: Breaking News)
The ban on vehicle imports to Sri Lanka is likely to be lifted in 2025, State Minister of Finance Ranjith Siyambalapitiya, State Minister of Finance Ranjith Siyambalapitiya said. The ban was imposed during the economic crisis to prevent Sri Lanka’s foreign reserves from depleting. The ban was later relaxed for certain sectors, especially the tourism […]
- Ban Ki-moon in Sri Lanka next week as GGGI President (Category: Breaking News)
- Overseas travel ban on Cabraal further extended (Category: Breaking News)
- Overseas travel ban on Diana Gamage extended (Category: Breaking News)
- Overseas travel ban on Cabraal extended (Category: Breaking News)
Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual update. The Sri Lanka Development Update, Bridge to Recovery, highlights that […]
- Sri Lanka s economy shows signs of stabilization, but poverty to remain elevated  World Bank (Category: Breaking News)
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- WB predicts Lanka’s poverty will increase to 28% in 2023 from 25% recorded last year (Category: Breaking News)
- Sri Lanka’s economy shows signs of stabilization, but poverty to remain elevated – World Bank (Category: Breaking News)
By Saman Indrajith Around 75,000 Sri Lankans have left for overseas jobs during the first three months of 2024, the Sri Lanka Bureau of Foreign Employment (SLBFE) says.SLBFE said yesterday (04) that 74,499 Sri Lankan workers had left for foreign employment, and 46 percent of them were women. There has been a slight drop in […]
- USD 474.6 million received from expat SL workers in December (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
- More than 200,000 Lankans have left for overseas employment so far this year (Category: Breaking News)
- Expat SL workers send more money (Category: Breaking News)
Money, exchange rates, and money printing are crucial components of a nation’s monetary policy framework, wielding significant influence over economic and financial stability. This intricate relationship between these fundamental factors directly affects financial and economic dynamics. I am going to examine the nexus between these factors, clarifying their roles in the financial system and ...
- Inflation – Public Enemy Number One (Category: Breaking News)
- Central Bank expects economy to contract in second half of 2022 as well (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual update.The post Sri Lanka’s economy shows signs of stabilization, but poverty to remain elevated ̵...
- Sri Lanka s economy shows signs of stabilization, but poverty to remain elevated  World Bank (Category: Breaking News)
- Sri Lanka’s economy shows signs of stabilization, but poverty to remain elevated (Category: Breaking News)
- World Bank says Sri Lanka still faces elevated poverty levels (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
Sri Lanka still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual update. The World Bank also said that Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. Released today, the Sri Lanka Development […]
- World Bank approves Sri Lanka’s access to concessional financing (Category: Breaking News)
- World Bank approves Sri Lanka’s eligibility to access concessional financing (Category: Breaking News)
- World Bank warns Sri Lanka’s economic crisis deepening (Category: Breaking News)
- World Bank approves $700 million in financing support for Sri Lanka (Category: Breaking News)
Tourist arrivals to Sri Lanka surged past the 600,000 mark by March 27, 2024, achieving this milestone in nearly half the time compared to last year.The post Tourist arrivals to Sri Lanka soar, surpassing 600,000 within 3 months appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Tourist Trends (Category: Business)
- Sri Lanka achieves 2010 tourist arrival target (Category: Breaking News)
- Tourist arrivals in November first half top 27,000 (Category: Breaking News)
- Tourist arrivals for 2010 to exceed 600,000 today (Category: Breaking News)
[…]The post Politics Behind Economic Recovery appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) says the country s trade services, mainly earnings from tourism have recovered significantly during the first two months of 2024, while the positive momentum of workers remittances also continued.
Sri Lankan President Ranil Wickremesinghe emphasizes the necessity of a new economic reform program for the country’s economic recovery.The post Sri Lanka President stresses vitality of new Economic reforms for country’s recovery appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- “My concern was the nation’s future” – President (Category: Breaking News)
- 2100 new Grama Niladhari officials appointed (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]
- Sri Lanka President stresses vitality of new Economic reforms for country’s recovery (Category: Breaking News)
- Proposed laws set to introduce structural changes, will be presented to Parliament in May – Pres... (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
The Board of Directors of Union Bank of Colombo PLC announced the appointment of Mr. Dinesh Weerakkody a distinguished banker and financial advisor with vast experience as an Independent Non-executive Director, with effect from 01 April 2024. Mr. Dinesh Weerakkody is a former Chairman of Hatton National Bank PLC and Commercial Bank of Ceylon PLC […]
- Dinesh Weerakkody appointed Port City Commission Chairman (Category: Breaking News)
- ICC Sri Lanka celebrates the Most Admired Companies of 2022 (Category: Breaking News)
- Sri Lanka's Commercial Bank to expand into Asian region (Category: Breaking News)
- New Chairperson at HNB Assurance (Category: Business)
[…]The post Economic Realities & Political Promises appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
- Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Sri Lanka In Dire Straits (Category: Breaking News)
- Journey Through The Rotten Bridge For The Reforms Of Government Expenditure (Category: Breaking News)
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross […]
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- Debt-ridden Sri Lanka gets US$350m loan boost from ADB (Category: Breaking News)
- Sri Lanka secures ADB grant to pay paddy farmers (Category: Breaking News)
- Overseas travel ban on Basil temporarily lifted (Category: Breaking News)
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.The post ADB approves $100 million loan to support SMEs in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- ADB approves USD 100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- ADB approves USD 165M loan to provide financing support for Sri Lankan SMEs (Category: Breaking News)
- ADB approves USD 165M loan to provide financing support for Sri Lankan SMEs (Category: Breaking News)
- ADB approves USD 165M loan to provide financing support for Sri Lankan SMEs (Category: Breaking News)
Sri Lanka’s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.The post Sri Lanka’s economy expands for a second straight quarter appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka inflation rises for second month on high energy costs (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
- Crashing economies and the South’s narrowing foreign policy options (Category: Breaking News)
- Need for new economic policy for poor countries (Category: Breaking News)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Pitfalls of export-led growth (Category: Breaking News)
[…]The post Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. Anil Baddevithana appeared first on Colombo Telegraph.
- Parate execution is the last resort to protect depositors’ funds – SLBA (Category: Breaking News)
- Ministers of Justice and Health on collision course with association of banks (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- Only 0.4% of loans recovered using Parate laws – CBSL (Category: Breaking News)
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 […]
- ‘Is India going to steal land, water and air?’ (Category: Breaking News)
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- India to push rupee investments in Sri Lanka (Category: Breaking News)
- PM Modi’s comments: ‘Ensure dignity and respect for Tamils’ (Category: Breaking News)
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