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[…]The post Why Should We Beg IMF? – When More Than $36 Billion To Be Recovered appeared first on Colombo Telegraph.
The winter morning was cloaked in thick fog. Our car swerved past horse-drawn carriages, a mode of transport still popular in the rural reaches of the eastern Indian state of Bihar, the trotting horses and turbaned coachmen looking like shadowy apparitions in the pearly-white mist. After spending a night in the town of Bodhgaya, the […]
Pakistan’s federal budget deficit projection has been revised to history’s highest at Rs6.22 trillion, highlighting the unending fiscal woes that have pushed the country into a debt trap despite putting an additional burden of Rs735 billion on people in the current fiscal year. The revision has been made in light of recent talks with the […]
Sri Lanka has taken a policy decision to switch to nuclear energy, Cabinet Spokesman Bandula Gunawardena said. He said that Cabinet approval has already been given to consider nuclear energy as an alternative to meet Sri Lanka’s future energy needs. In accordance with that decision, a steering committee and 09 action committees had been appointed […]
A Bolivian lady has been arrested by the officers attached to the Narcotics Control Unit of Sri Lanka Customs this morning (Feb. 28) at the green channel customs area in possession of 4.6 kilograms of substance suspected to be cocaine.
The Sri Lanka Bureau of Foreign Employment (SLBFE) and the Ministry of Labour and Foreign Employment have signed an agreement with the Japan International Training Cooperation Organisation (JITCO).
Hatch has joined forces with Draper Startup House to unveil Colombo’s first-ever co-living space. The space marks the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during his recent visit to Sri Lanka. Through this initiative, Hatch serves to encourage digital nomad […]
The Russian Foreign Ministry said in a statement that the G20 is destabilized by the collective West and is used in an anti-Russian, purely confrontational manner. The United States, the EU and the G7 continue their attempts to isolate Russia and shift the blame for the provoked problems in international security and the global economy […]
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.The post World Bank’s IFC to provide Sri Lanka with $400 million financing appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The International Finance Corporation (IFC) is to provide $400 million to three of Sri Lanka’s leading national banks to help facilitate imports of essential goods. IFC said it will support the private sector with critical financing, contributing to the country’s urgent need to stabilize the economy. Sri Lanka has been facing its worst economic crisis […]
A decision has not been taken to suspend the fuel pass QR code system from April, Power and Energy Minister Kanchana Wijesekera said today. There were reports that the fuel pass QR code system will be suspended from 10th April. However, Wijesekera said the system will continue. He said that data will be analysed and […]
The Monetary Board of the Central Bank of Sri Lanka has decided to reduce mandatory sale of export proceeds/receipts and inward workers’ remittances of commercial banks with effect from February 27, 2023.The post Sri Lanka’s Central Bank reduces mandated forex sales by banks to 15% appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s tea production is expected to fully recover next year after last year’s drop, the country’s Environment Minister Naseer Ahamed said.The post Sri Lanka tea industry to fully recover next year, says minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
At least 59 migrants, including 12 children, have died and dozens more are feared missing after their boat sank in rough seas off southern Italy. The vessel broke apart while trying to land near the coastal town of Crotone in the Calabria region. Survivors said at least 150 people were aboard. Many of them were […]
[…]The post Selling Our Troubles In Bankrupt Times – Sri Lanka’s Anarchism appeared first on Colombo Telegraph.
[…]The post Crisis-Hit Sri Lanka Economy appeared first on Colombo Telegraph.
President Ranil Wickremesinghe has stated that the country s economy cannot afford the release of funds on an ad hoc basis, owing to its ongoing economic crisis.
[…]The post Lying About Age Of Protestant Mission Schools: Is Age Quality? appeared first on Colombo Telegraph.
Finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countries had “desta...
BBC reported that finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countrie...
Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, posted impressive overall growth with annual revenue surpassing Rs 100 Bn once again, recording Rs 108 Bn for the financial year 2022. This resulted in the Group recording a revenue increase of 5.2% for the financial year 2022, strengthened by a healthy bottom line […]
Sri Lanka President Ranil Wickremesinghe says a separate unit will be established to send military personnel overseas to assist in times of health crises.The post Sri Lanka President pledges a new chapter for the field of Military Medicine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Government is to introduce non-paying wards in private hospitals, President Ranil Wickremesinghe said. Wickremesinghe said that the Government is looking at the possibility of introducing paying wards in Government hospitals and non-paying wards in private hospitals. He said the Government will take the tab for the treatment made in non-paying wards in private hospitals. […]
Beijing [China], February 20 (ANI): Chinese people continued to face difficulty as the economy of the country is falling, ramping up the risk of social unrest in the nation, Global Strat View reported citing the World Economic Forum’s (WEF) economic outlook. China’s economy is slow and it no longer satisfies the aspirations of upward mobility. […]
[…]The post Sri Lanka’s Asian Heritage appeared first on Colombo Telegraph.
[…]The post The Partnership Between NPP & JVP Must Be Emboldened appeared first on Colombo Telegraph.
China Daily: Sri Lanka is set to receive its first group of post-pandemic Chinese tourists after becoming one of the first 20 countries to resume the organization of outbound group tourists from China since COVID-19. Their flight will depart from the Shanghai Pudong International Airport on March 3. “We are expecting Chinese tourists to come […]
President Ranil Wickremesinghe said that tourist numbers had dropped following the protests in May and June of last year. Wickremesinghe announced plans to make Sri Lanka a year-round tourist destination, with measures to be taken to promote the tourism sector. He made these comments during a meeting with businessmen from the tourism industry in the […]
Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]