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Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported. Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary […]
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
[…]The post Ranil’s political ‘Trickonometry’ appeared first on Colombo Telegraph.
By N Sathiya Moorthy For political moves to succeed, the timing is as important as the decision – and also the initiator. Only the coming days and weeks will show if Ministers Susil Premajayantha, Prasanna Ranatunga, Ali Sabry & Co got their timing right in announcing their outright support for incumbent Ranil Wickremesinghe’s re-election bid […]
[…]The post How Long Can The People Be Fooled? appeared first on Colombo Telegraph.
Senior Congress leader P Chidambaram said the ruling BJP has been raising the “closed issue” of Katchatheevu to gain political ground ahead of the Lok Sabha polls, which would “gravely harm the interests of the millions of Tamil-speaking people in Sri Lanka”. Chidambaram said the issue may create a situation of confrontation between the Tamils […]
[…]The post Planning For A Year Of Elections appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus. In line with the selection process it had established on March 13, 2024, the Board held several discussions, including with […]
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
[…]The post Undemocratic Rule Of Modi’s India Is A Security Threat To South Asia appeared first on Colombo Telegraph.
The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) for April 2024, forecasts moderate growth in Sri Lanka’s economy of 1.9% in 2024 and 2.5% in 2025, following two consecutive years of contraction.The post Sri Lanka shows signs of recovery but must maintain reform momentum: ADB appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
[…]The post Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances Due To The DDO appeared first on Colombo Telegraph.
The Asian Development Bank (ADB) says Sri Lanka must continue to implement reforms to address the underlying causes of the economic crisis and lay the foundation for fostering sustainable recovery. The ADB’s annual flagship economic publication, the Asian Development Outlook (ADO) April 2024, forecasts Sri Lanka’s economy to record moderate growth of 1.9% in 2024 […]
It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks […]
[…]The post With A View To A Kill (Master Spy-James Bond)! appeared first on Colombo Telegraph.
By Saman Indrajith The SJB yesterday said the JVP-led NPP’s call for the participation of President Ranil Wickremesinghe in the proposed debate on the economy was a diversionary tactic. The SJB has challenged the NPP’s economic council members to a debate on how to resolve the economic crisis. The NPP has challenged SJB Leader Sajith Premadasa […]
Thamil Makkal Thesiya Kuttani (TMTK) leader and Jaffna District MP C.V. Wigneswaran says that Sri Lanka has a government of the Sinhalese by the Sinhalese for the Sinhalese. Declaring that a Tamil candidate would not be able to win a presidential election, Wigneswaran has said: “I believe I am the best candidate if a common […]
India’s ruling Bharatiya Janata Party (BJP) has extended invitations to political parties from 25 countries, including Sri Lanka, to witness the Indian elections and the accompanying campaigning. The invitations, which have been dispatched to political parties from both ruling and opposition factions across the globe, include representatives from various regions such as Africa, Europe, and [...
Indian HC Santosh Jha yesterday (10) explained how the worldwide Covid-19 epidemic and the ongoing Russia-Ukraine conflict had enhanced the Indo-Lanka ‘relationship.’Addressing the India-Sri Lanka Defence Seminar at the Taj, Jha said: “Like in other areas, we are cooperating closely on security and defence matters. Because of our geography, our security is interlinked and intertw...
Thursday 11th April, 2024 Astrologers were clashing over the traditional New Year auspicious times or nekath, at the time of writing. Some of them are of the view that the nekath prepared by what is described as the State Astrologers’ Committee of the Department of Cultural Affairs will have malefic effects on the country. However, […]
Sections of progressive opinion in Sri Lanka are currently commemorating the second anniversary of the country’s epochal ‘Aragalaya’, which brought down the dictatorial and racist Gotabhaya Rajapaksa regime. April 9th 2022 needs to be remembered especially as the date on which Sri Lankans in their tens of thousands, irrespective of ethnic, religious and language differences […]
by Sanath Nanayakkare Five million undecided voters are waiting to hear the economic policies of the presidential candidates who will be running for President in October 2024, Member of Parliament Dr. Charitha Herath of Nidahas Janatha Sabawa (Freedom People’s Congress) told the media yesterday. Presidential elections are scheduled to be held in Sri Lanka sometime […]
A response to the ‘Anatomy of a movement: Jathika Chinthanaya’ by Dr. Sumedha S. Amarasekara This article is a response to the question- ‘If the failure of the left was what portended Jathika Chinthanaya, what would the sterility and decay of Jathika Chinthanaya portend?’ asked by Uditha Devapriya (UD) at the end of his article: […]
India has offered defence hardware and software to Sri Lanka with India saying it looks forward to strengthening its defence cooperation with Sri Lanka. Speaking at the India – Sri Lanka Defence Seminar, the High Commissioner of India to Sri Lanka, Santosh Jha said that India looks forward to working with Sri Lanka to take […]
[…]The post India & Sri Lanka: Identifying New Opportunities & Forging New Bonds appeared first on Colombo Telegraph.
Sri Lankan law enforcement officials engaged in the violent repression of protests must be held accountable for committing widespread human rights violations, said Amnesty International in a new investigative report. The report, ‘Ready to suppress any protest’ Sri Lanka: Unlawful use of weapons during protests’, analyses the use of force during policing of 30 protests that […]
President Ranil Wickremesinghe has decided to grant a Presidential pardon to 779 prisoners to mark the Sinhala and Tamil New Year. This Presidential Pardon will be granted in accordance with the Article 34(1) of the Constitution, the President’s office said. Sri Lanka will celebrate the traditional Sinhala and Tamil New Year over the weekend. (Colombo […]