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The Export-Import Bank of China has provided Sri Lanka with a debt extension, China’s Foreign Ministry said on Monday, noting that China is willing to negotiate a medium- and long-term debt disposal plan with the country in a friendly manner, and do its best to promote Sri Lanka’s debt sustainability.The post China already offers Sri Lanka debt extension: Chinese Foreign Ministry appeared first on...
Continues to contribute positively to Sri Lanka amidst unprecedented challenges The Board of Directors of Nestlé Lanka, 20 February 2023, approved results for the fourth quarter and full year ended 31 December 2022. Sharing his thoughts on the results, Jason Avanceña, Managing Director of Nestlé Lanka said “It gives me immense pride to witness the […]
President Ranil Wickremesinghe stated that an Economic Commission will be formed as early as possible to approve investment opportunity in order to provide more opportunities to local and foreign investors. The President also stated that it has the potential to significantly boost the country’s economy. President Ranil Wickremesinghe made these remarks today at the opening […]
The apparel industry is at risk following the electricity tariff hike, the Joint Apparel Association Forum (JAAF) said. The Public Utilities Commission (PUCSL) granted approval to a 66% electricity tariff hike effective 15th February 2023, resulting in exponential increases in costs in the apparel industry, which in turn threatens the continuity of operations, competitiveness and […]
The Export-Import Bank of China has provided Sri Lanka with a debt extension, China s Foreign Ministry said on Monday, noting that China is willing to negotiate a medium- and long-term debt disposal plan with the country in a friendly manner, and do its best to promote Sri Lanka s debt sustainability.
President Ranil Wickremesinghe said that a new Economic Commission will be established to facilitate quick approval of investment opportunities for local and foreign investors, the President s Media Division (PMD) reported.
[…]The post A führer In The Making appeared first on Colombo Telegraph.
The All Share Price Index (ASPI) of the Colombo Stock Exchange has recorded a massive gain of 233.97 points to close at 9,082.33 points at the end of trading today (Feb. 20).
[…]The post Child’s Guide To Bitcoinisation Of Sri Lanka Economy appeared first on Colombo Telegraph.
By N Sathiya Moorthy The series of protests that political parties and public servants have threatened over the coming days, weeks and months has the potential of making Sri Lanka into a virtually ungoverned nation into an ungovernable country. In turn, this can have consequences for the much-needed economic recovery, which hinges on the triple […]
ISLAMABAD – Chinese embassy yesterday announced a temporary closure of the Consular Section in Islamabad from February 13 until further notice. The Chinese Embassy issued a notice of temporary closure of the Consular Section on its website for the general public too until further notice,” said the announcement. “Applicants with other questions […]
Sri Lanka, the ‘pearl of Indian Ocean’, will soon make a comeback as a popular destination for Indians, the Indian media quoted travel companies in India as saying. Indians shelled out nearly $10 billion in overseas travel in the first nine months of the ongoing fiscal, more than any full financial year, the Times of […]
ISLAMABAD – Chinese embassy yesterday announced a temporary closure of the Consular Section in Islamabad from February 13 until further notice. The Chinese Embassy issued a notice of temporary closure of the Consular Section on its website for the general public too until further notice,” said the announcement. “Applicants with other questions […]
Sri Lanka, the ‘pearl of Indian Ocean’, will soon make a comeback as a popular destination for Indians, the Indian media quoted travel companies in India as saying. Indians shelled out nearly $10 billion in overseas travel in the first nine months of the ongoing fiscal, more than any full financial year, the Times of […]
The Sri Lanka Medical Association (SLMA) and the Expert Committee on Tobacco, Alcohol and Illicit Drugs have warned against the government move to legalise cannabis. It has, in a letter addressed to the Secretary to the President, Saman Ekanayake, asked the government “to be extremely cautious when considering any form of legalising of cannabis – […]
Sri Lanka Telecom Group (SLT Group) posted an 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 of Rs 4,765 Mn […]
by Ram Manikkalingam Director, Dialogue Advisory Group Sri Lanka’s democracy is on a knife edge. When Gotabaya Rajapaksa fled his post, Ranil Wickremesinghe became acting president. And then he got officially elected to the post of President with the support of the Rajapaksas in parliament. Whatever our political views about Wickremesinghe, he did follow the […]
by Ram Manikkalingam Director, Dialogue Advisory Group Sri Lanka’s democracy is on a knife edge. When Gotabaya Rajapaksa fled his post, Ranil Wickremesinghe became acting president. And then he got officially elected to the post of President with the support of the Rajapaksas in parliament. Whatever our political views about Wickremesinghe, he did follow the […]
[…]The post Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpowers appeared first on Colombo Telegraph.
Imran Khan lauds India’s foreign policy and the stand taken for the benefit of the people. “There are two kinds of people in life: those who like India and those who do not.” Former Pakistan Prime Minister Imran Khan obviously falls into the first category of people. Khan has often expressed his admiration for India’s […]
The Presidential Secretariat will shortly issue a circular restricting senior state officials, including the President’s and the Prime Minister’s Secretaries from using business class travel on overseas official trips.The post No business class travel for top Government officials appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The US has “formally determined” that Russia had committed crimes against humanity in Ukraine, US Vice-President Kamala Harris has said. Speaking at the Munich Security Conference, Ms Harris accused Russia of “gruesome acts of murder, torture, rape and deportation” since its invasion. World leaders at the conference called for long-term support of Ukraine. UK PM […]
Thakur dropped another batch of potato patties, known as batata vada, into the cooking oil that had been sizzling in a massive iron pan since early morning. He’d already shaped the patties, made with mashed potato mixed with masala spices, green chilli and, occasionally, finely chopped raw onion, into near perfect spheres, and dipped them […]
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions.The post IMF said to discuss Sri Lanka loan approval even as China stalls appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
By Easwaran Rutnam Germany has sought Sri Lanka’s support for a resolution at the United Nations against Russia, a visiting German MP said. Speaking to a group of journalists after wrapping up a visit to Sri Lanka, German MP Dr. Peter Ramsauer said that he raised the issue with President Ranil Wickremesinghe. The European Union […]
By I A Ramesh As Sri Lanka negotiates with bilateral creditors on debt restructuring to avail of the IMF package, the promise and perils of a geopolitically significant developing nation navigating the growing strategic rivalry in the Indo-Pacific region has become apparent. Earlier in August 2022, the docking of the Chinese satellite tracking vessel Yuan […]
Islamabad [Pakistan], February 6 (ANI): Former Pakistan Finance Minister Miftah Ismail has said that things on the economic front will “remain tight” as the economy faces a severe liquidity crunch, Geo News reported. Pakistan is seeking an installment of USD 1.1 billion from the International Monetary Fund to avoid default. In a tweet, Ismail stated, […]
[…]The post A Painted Ship In A Painted Ocean appeared first on Colombo Telegraph.
A special delegation from Israel visiting Sri Lanka has assured the Minister of Labour and Foreign Employment Manusha Nanayakkara, that their country will offer 2000 job opportunities for female caregivers from Sri Lanka, this year.
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions. Under a rarely used policy on lending into official arrears, the IMF may consider approving Sri Lanka’s loan because China’s assurance is the only prerequi...