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President Wickremesinghe through interim budget expects 2.5 million tourists in 2023.
Wickremesinghe is budgeting in a sea of monetary instability
He said the new mechanism, upon its completion, will also ensure that transparent laws and systems are in place.
By N Sathiya Moorthy After a steep, 75-per cent hike in power-tariffs, the government has now announced increased charges for water and drainage charges. Though brought down after a steeper increase at the peak of fuel-shortage, the transport fares too are not going to be the same even as much as they had become in […]
The United Kingdom (UK) has relaxed the travel advice on Sri Lanka. The UK Foreign and Commonwealth Office said that the UK no longer advises against all but essential travel to Sri Lanka. The updated travel advice notes that Sri Lanka is experiencing a severe economic crisis which has led to shortages of basic necessities including […]
"This is a positive step and I am positive that the winter tourism season will perform well."
The UK no longer advises against all but essential travel to Sri Lanka
Muzaffarabad ..., August 13 (ANI): Districts of Pakistan-occupied Kashmir (PoK) are witnessing massive protests against the Pakistan government’s plan to bring in the 15th Constitutional Amendment that will transfer the financial and administrative powers of the local government to Islamabad, local media reported. The citizens of all 10 districts of the region are infuriated at […]
By Haroon Janjua Despite gaining independence 75 years ago, Pakistan has yet to rid itself of economic and political crises. As Pakistan marks 75 years of independence this weekend, Islamabad has not planned any special events, aside from a flag-raising ceremony, a fireworks display in the capital and the introduction of a new 75 rupee […]
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Update...
[…]The post Reliance On Repression Will Worsen Current Crisis appeared first on Colombo Telegraph.
Huawei launched Asia Pacific Seeds for the Future 2022 in collaboration with ASEAN Foundation and Tourism Authority of Thailand (TAT). From August 19 to 27, the program will bring together 120 outstanding students from 16 countries including Thailand, Sri Lanka, Nepal, Bangladesh, Laos, Cambodia, Indonesia, Japan, Malaysia, Singapore, South Korea, Phillipines across the Asia Pacific […]
by Jehan Perera Early this year the government under President Gotabaya Rajapaksa amended the Prevention of Terrorism law. It accepted the position that the law was in violation of international standards and wanted to show it was committed to improving its human rights record. The ground was set to mitigate the pressures from the UN […]
Workers who appeared for the test will also be given the opportunity to appear in another field next year.
"We are seeing the pressure on the rupee easing as a result of exports growing and imports contracting."
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
ByShamindra Ferdinando Sri Lanka hadn’t been able yet to convince Russia to resume Aeroflot flights and tourists from there to Sri Lanka suspended in the wake of the detention of SU 289 at the Bandaranaike International Airport (BIA) on the afternoon of June 02, authoritative sources said. Sri Lanka grappling with an unprecedented foreign exchange […]
The loss per share for the quarter was 4.53 rupees.
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...
[…]The post Looking At The Problem Of The Point Of View Of The State appeared first on Colombo Telegraph.
After much thought and careful consideration of the emerging geo-political scenario in the Indian Ocean region, Sri Lanka has asked China to defer the arrival of the Yuan Wang 5 research and survey vessel to the Hambantota port. Initially, the Yuan Wang 5 received permission to dock at the southern Hambantota Port through a Foreign […]
90 percent of fuel distribution in Sri Lanka is done by the state-run Ceylon Petroleum Corporation.
[…]The post Protest Movement Can Rebound Unless Government Legitimacy Is Restored appeared first on Colombo Telegraph.
by Jehan Perera The government appears to have secured political stability in the short term. So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept. It is a necessary element for international support to come in. One of the IMF’s conditions […]
[…]The post Leaping Without Looking From Gota’s Vistas To Ranil’s Vistas appeared first on Colombo Telegraph.
The above statement was made by Manusha Nanayakkara our Labour & Foreign Employment Minister. How the Minister is going to do it is not known.I wish to make a few suggestions to the Minister for his consideration to implement his proposal. Tourists, migrant workers and the dual citizens were the people whom the Minister referred […]
[…]The post A Lament Of The Tragedy Of Our Times appeared first on Colombo Telegraph.
Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]
The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing an unprecedented economic meltdown with inflation in July hitting a record 60.8% and the country still facing […]