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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 […]
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 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.
[…]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.
[…]The post Lying About Age Of Protestant Mission Schools: Is Age Quality? appeared first on Colombo Telegraph.
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. […]
[…]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 […]
By Saman Indrajith SBJB MP Harsha de Silva said that he had asked the Gotabaya Rajapaksa administration to seek IMF assistance in 2020. “At that time a U.S dollar was selling at Rs 200. The interest rates were around six percent. Inflation was around six percent. The situation is completely different today. Our interest rates […]
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]
By Sanath Nanayakkare The prospects for lightening the debt burden of low-income countries such as Sri Lanka will become clearer at the G20 meeting to be held in Bengaluru, President Ranil Wickremesinghe said in Colombo on Tuesday. He said so referring to the G20 Finance Ministers and Central Bank Governors meeting under the G20 Indian […]
A bilateral Air Services Agreement was signed between the Netherlands and Sri Lanka in The Hague, the Netherlands. The agreement will provide a stronger platform to further intensify connectivity both between the countries as well as the European and Asian regions. The instrument inked at the Dutch Ministry of Foreign Affairs provides inter alia for […]
By Saman Indrajith The JVP told Parliament yesterday that the IMF would not consider extending its assistance to Sri Lanka as long as the incumbent government remained in power, without holding elections. JVP MP Vijitha Herath, participating in the second reading debate on the Regulations under the Colombo Port City Economic Commission Act, said that […]
Sri Lanka has secured Japanese assistance to run government hospitals. The Japanese Ambassador Mizukoshi Hideaki yesterday (22) signed an Exchange of Notes, with the Secretary to the Treasury, Mahinda Siriwardana, at the Presidential Secretariat. for a humanitarian grant assistance of USD 46 million in providing diesel fuel for public hospitals, across the country, Earlier, China provided […...
Earlier today, Mahinda Siriwardena, the Secretary to the Ministry of Finance, and MIZUKOSHI Hideaki, the Ambassador of Japan, signed an Exchange of Notes to secure a humanitarian grant of USD 46 million.
Foreign Minister Ali Sabry met Dr. Peter Ramsauer, Member of the Foreign Affairs Committee of the German Parliament in charge of bilateral relations with Sri Lanka at the Ministry of Foreign Affairs during his visit to Sri Lanka from 15 to 18 February 2023.