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The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement a voluntary retirement scheme (VRS) for employees of the Sri Lanka Savings Bank. A payment is to be made to employees who retire voluntarily. The Sri Lanka Savings Bank became […]
[…]The post Being Meticulously Scrupulous! appeared first on Colombo Telegraph.
[…]The post Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To The Governor Of The Central Bank appeared first on Colombo Telegraph.
[…]The post After May Day: Now What? appeared first on Colombo Telegraph.
[…]The post Economic Growth, National Security, And What Next For Sri Lanka appeared first on Colombo Telegraph.
By N Sathiya Moorthy The way the politics of the upcoming presidential poll is panning out, it may not be long before some external player involved in Sri Lanka’s debt-restructuring and allies aspects of economic recovery will begin hinting at the need for a national consensus on such matters. It may be the IMF, it may […]
Sri Lankan President Ranil Wickremesinghe stated that he expects to increase the growth rate of Sri Lanka’s economy to up to 3% by the year 2025 and mentioned that steps would be taken to increase the salaries of government employees.The post Sri Lanka Nursing University inaugurated appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? appeared first on Colombo Telegraph.
by Rex Clementine Sri Lanka have named their squad for the ICC T-20 World Cup and some big names that featured in T-20 sides in recent outings have been given the cold shoulder. The most notable of them all is former captain Kusal Janith Perera. Perhaps the fiercest striker of the cricket ball in Sri […]
The HSBC Bank in Sri Lanka has warned constituents to beware of scammers actively promoting unauthorized crypto currency investment schemes through compromised or hacked social media profiles. In some cases, there have been false notifications appearing to be from HSBC, referring to a crypto investment credit, he bank said. “We wish to clarify that HSBC […]
Debt owed by various countries, especially in South Asia and Africa, to China has multiplied in recent years.The post Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Aragalaya Effect Vs IMF Effect appeared first on Colombo Telegraph.
President Ranil Wickremesinghe told Parliament yesterday, making a statement, that he had assumed leadership of the country without any conditions, despite being a sole Member of Parliament from his party. The President said he expected to conclude all negotiations with external creditors by the middle of this year, and that the ultimate goal of debt restructuring […]
[…]The post Ignoring The Whale, While Hooking The Sprat appeared first on Colombo Telegraph.
[…]The post Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis appeared first on Colombo Telegraph.
Left-arm spinning allrounder Dunith Wellalage has made Sri Lanka’s squad for the 2024 T20 World Cup despite never having played a T20 international. Top-order batter Kamindu Mendis and round-arm seamer Nuwan Thushara are also in the 15. From the older cohort, Angelo Mathews, Dhananjaya de Silva, and Dasun Shanaka also find places in the squad. […]
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.
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’s tentative recovery from its worst economic crisis could be stalled by presidential elections due later this year, the island nation’s central bank chief warned on Tuesday. Months-long shortages of food, fuel and medicines culminated in Sri Lanka defaulting on its foreign debt in 2022 and angry protests that led to the ouster of […]
Shakib Al Hasan, the Bangladesh allrounder, was involved in a physical confrontation with a fan who attempted to take a selfie with him without consent. The incident occurred before the match between Sheikh Jamal Dhanmondi Club (SJDC) and Prime Bank Cricket Club in the Dhaka Premier League (DPL) 2024. In the video, it can be […]
Sri Lanka is to investigate claims of a major mobile phone phishing scam after an MP alleged that huge sums of money had been stolen from unsuspecting individuals. State Minister of Finance Ranjith Siyambalapitiya said that a report on the matter will be submitted to Parliament. Parliamentarian Gamini Waleboda claimed that malware had been shared […]
Sri Lanka's official reserve assets grew by 9.6% in April 2024, as announced by the Central Bank of Sri Lanka (CBSL).The post Sri Lanka’s official reserve assets up by 9.6% in April 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
Sri Lanka s official reserve assets increased by 9.6% to USD 5.43 billion in April 2024, compared to USD 4.96 billion in March 2024, according to the Central Bank of Sri Lanka (CBSL).
[…]The post Valuing Japan’s Moral Ethos & Economic Assistance appeared first on Colombo Telegraph.
by Jehan Perera The visit of Japan’s foreign minister Yoko Kamikawa to Sri Lanka is an indication that the relationship between the two countries is on the mend. The manner in which Japan was ousted from the special status it had once held by the previous government headed by President Gotabaya Rajapaksa would have caused […]
[…]The post Fleas Dream Of Buying A New Dog appeared first on Colombo Telegraph.
Pivithuru Hela Urumaya (PHU) leader MP Udaya Gammanpila claims that the Central Bank of Sri Lanka (CBSL) had increased the salaries of its employees by the biggest margin in its history, despite having recorded losses of billions of rupees for two consecutive years.
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda. He also emphasized the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of [...
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...
[…]The post Pointless Debate On The Economy When Issue At Hand Is Much Broader appeared first on Colombo Telegraph.