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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
Quoting the management company, the PMD said bookings have already been made for 15 events by December 31.
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.
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.
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
"US-Sri Lanka bilateral trade already supports more than 180,000 workers supplying exports to the US."
SriLankan had bond of US$175mn, loans of US386mn
By Shamindra Ferdinando SJB MP Dr. Harsha de Silva yesterday said that he was quite disappointed that his economic revival plan, or common minimum programme, presented in parliament on 12 August hadn’t received the anticipated response from political parties, represented in Parliament. The Colombo District lawmaker said so when The Island asked him whether political parties and President […...
The Opposition yesterday called for a parliamentary debate on a recent UNICEF report on growing child malnourishment in the country. Samagi Jana Balavegaya and Opposition Leader Sajith Premadasa yesterday told Parliament that Sri Lanka was now ranked sixth in the world as regards child malnutrition and second in South Asia, as per a recent UNICEF […]
Foreign Minister Ali Sabry is to brief the UN Human Rights Council (UNHRC) in Geneva on the developments in Sri Lanka, at the upcoming 51st Session. The 51st Session of the Human Rights Council is scheduled to be held from 12 September to 07 October 2022 in Geneva. Sabry will lead the Sri Lanka delegation […]
The United States will redouble efforts to support Sri Lanka through ongoing efforts like financing for SMEs, fertilizer and seeds for farmers, education exchange and training to strengthen public financial management, the US Ambassador in Colombo said.