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Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday
President Wickremesinghe has been making repeated calls for an interim all-party government.
Former President Mahinda Rajapaksa attended a meeting held in Colombo today with Sri Lanka Podujana Peramuna (SLPP) members. MPs Rohitha Abeygunawardena and Namal Rajapaksa were among those who attended the meeting. The SLPP has had several such meetings in other parts of the country as well. The SLPP said that the meetings focused on the […]
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, especially women and children.
[…]The post Futility Of Transforming A Nation Built Over A Political Cesspit appeared first on Colombo Telegraph.
[…]The post Gorbachev And Gotabaya appeared first on Colombo Telegraph.
Quoting the management company, the PMD said bookings have already been made for 15 events by December 31.
Koel egg in a crows net
The Chairman of the Sri Lanka Podujana Peramuna (SLPP) Professor G.L. Peiris said that 13 SLPP parliamentarians have decided to sit in the opposition as an Independent Group.The post 13 SLPP Parliamentarians including Chairman G. L. Peiris became independent in Parliament appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.The post Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan – sources appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - S...
Sri Lanka's FDI has been around $550 million per year in both 2020 and 2021.
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 […]
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said. The island nation, struggling with its worst economic crisisin more than seven decades, had sought up […]
First half inflows US$400mn
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 […]
Wickremesinghe is budgeting in a sea of monetary instability
By Shiran Ranasinghe Diesel production at the Sapugaskanda Oil Refinery has dropped by 22% due to the low quality of crude oil imported through Coral Energy Company, a senior CPC official said. Senior CPC officials had repeatedly asked the Ministry of Power not to import crude or refined oil through Coral Energy. The CPC official […]
“The recent lockdowns and the increased isolation that it caused have led to an increase in mental health related issues. Hence, the need for a WhatsApp based solution is very much the need of the hour. The majority who reach out through the chat-line tend to be young Sri Lankans who are struggling to cope, […]
By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]
Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]
By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch ‘Business Against Corruption’ Initiative” issued to the media after the two organisations […]
"If there is no flour, we simply cannot produce,” said Jayawardena.
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
Sri Lanka's bloated state sector has become a burden to the crisis-hit government
Sysco LABS Sri Lanka celebrated Pride Month 2022 with a special virtual training program for its associates on the 18th of July covering multiple areas including sexual orientation, gender identities and expressions, and laws pertaining to the treatment of LGBTIQ employees in the workplace. As an equal opportunity employer, Sysco LABS has always been committed […]
The country is yet to see the impacts of economic crisis easing.
President Ranil Wickremesinghe today reiterated an invitation to all the political parties to help form an all-party Government. Speaking in Parliament today, the President said that an all party-Government is needed to address the crisis in the country. He also dismissed the assumption that he will be the sole leader of an all-party Government. The […]