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The Ministry of Labour and Foreign Employment has issued a circular allowing migrant workers to import an electric vehicle with the intention of promoting migrant worker remittance.
Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday
President Wickremesinghe through interim budget expects 2.5 million tourists in 2023.
President Wickremesinghe has been making repeated calls for an interim all-party government.
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
Forex problems should be addressed by macro-economic policy
The Lotus Tower is to finally commence operations with the President’s Office saying it will open on 15th September, 2022. The President’s Media Division (PMD) said that locals will be able to enter the tower by purchasing a ticket for Rs. 500 (normal) or Rs. 2,000 (fast pass) while foreign passport holders will need to […]
Quoting the management company, the PMD said bookings have already been made for 15 events by December 31.
The Colombo Stock Exchange (CSE) showed significant improvement today (August 31) as the All Share Price Index (ASPI) gained 205.92 points to close at 9,071.32 points.
Sri Lanka's FDI has been around $550 million per year in both 2020 and 2021.
Money transmitted from May to December 2022 is eligible for the incentive scheme.
Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country is to extend a helping hand to the island nation at this […]
The opposition leader said the govt was calling for an all-party government, all the while engaging in "state terrorism"
A group of Sri Lanka Podujana Peramuna (SLPP) MPs led by former Minister Professor G.L Peiris crossed over to the opposition benches in Parliament today. Professor G.L Peiris said that former Ministers Dullas Alahapperuma, Dilan Perera and Nalaka Godahewa are among those who have decided to sit with the opposition. Others who have decided to […]
President Ranil Wickremesinghe should immediately end the use of draconian counter-terrorism laws to target peaceful protesters and release those in custody, Human Rights Watch said today. The authorities detained three student activists who participated in an August 18, 2022 demonstration under the abusive Prevention of Terrorism Act (PTA), which allows up to a year’s detention without […]
For this purpose, the government will provide all facilities through the Board of Investment
Wickremesinghe is budgeting in a sea of monetary instability
Bangladesh Prime Minister Sheikh Hasina today made it clear that Bangladesh will never face an economic crisis like Sri Lanka as her government has been developing the country in a planned way. “There is no use in making false accusations against us. Bangladesh will never become Sri Lanka and it can’t be,” she said. The […]
Market up for the first time in six straight sessions
The country is yet to see the impacts of economic crisis easing.
[…]The post A financial forecast across the globe appeared first on Colombo Telegraph.
Hopes to stop money printing
He said the new mechanism, upon its completion, will also ensure that transparent laws and systems are in place.
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Japanese Finance Minister Shunichi Suzuki said on Tuesday it was important for all creditor nations of Sri Lanka to gather to discuss Colombo's debt issue, adding that Tokyo would coordinate with other creditors on the matter.The post Tokyo will coordinate with other Sri Lanka creditors on debt appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Washington [US], August 27 (ANI): Chinese tech companies are facing a crisis of credibility in the US, UK and EU as there are suspicions over the potential of these firms to cause security threats with both their design and intent. Recently, heads of the Federal Bureau of Investigation (FBI) and Britain’s MI5issued warnings for the […]
Japanese Finance Minister Shunichi Suzuki says it is important for all creditor nations of Sri Lanka to gather to discuss Colombo’s debt issue, adding that Tokyo would coordinate with other creditors on the matter. Sri Lanka’s President Ranil Wickremesinghe told Reuters this month that Sri Lanka would ask Japan to invite the main creditor nations […]
IT industry also hit from ban on computer items
Argentina affirmed its support for India’s upcoming G20 Presidency, including for furthering the development agenda of the Global South in the G20, according to the joint statement released by New Delhi and Buenos Aires. This statement came after External Affairs Minister S Jaishankar and the Foreign Minister of Argentina, Santiago Cafiero, presided over a Joint […]