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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after the new government took office, according to a report by Reuters.Discussions with the multilateral lender started in April under former President Gotabaya Rajapaksa. The Sri Lankan government hopes to secure an Extended Fund Facility (EFF) – which would be […]
Sri Lanka’s No. 1 Bank, Bank of Ceylon, marks its 83rd Anniversary today. The Bank will celebrate the occasion beginning with a multi-religious ceremony at the Bank’s Head Office with the participation of distinguished guests comprised of customers and well- wishers. The event will be held with the patronage of the Bank’s Chairman, Kanchana Ratwatte, […]
Organic food production and trade is evolving into a rapidly growing industry across the world. Prompted by a developing inclination for healthy life choices and awareness on the benefits of organic food, a greater number of global consumers are opting for organic products. In the midst of this competitive industry, Sri Lankan producers and manufacturers […]
“Tyrannical governments and illegitimate leaders throughout history have led their societies to destruction” The Federation of University Teachers (FUTA) says that the Wickremasinghe-Rajapaksa government lacks any legitimacy and it should stop taking cover behind the Constitution.In a statement condemning what it termed as “repression of aragalaya activists by the current regime&...
By N Sathiya Moorthy President Ranil Wickremesinghe has to be praised for making a joke of a sad, personal loss. In Kandy and elsewhere, he has been telling those who want him to go home that he has no home to go. It was burnt down by arsonists in the name of the ‘Aragalaya’ protests […]
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.The post Sri Lanka president seeks unity government to save economy appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
[…]The post Economy, Emergency & Aragalaya appeared first on Colombo Telegraph.
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
A couple wanted in connection with a murder committed in the Mount Lavinia area have been arrested at the Bandaranaike International Airport (BIA) in Katunayake, as they were attempting to travel to Dubai.
India is taking its commitment to achieve Net Zero emissions by 2070 very seriously, not limiting it to mere words. Addressing the 26th Conference of Parties (CoP26) last year, Indian Prime Minister Narendra Modi forwarded a five-fold strategy known as the ‘Panchamrita’ to reach this target. The prime minister indirectly termed his scheme as ‘Panchamrita’ meaning the ‘five […]
Taiwan’s Defence Minister Chiu Kuo-chang expressed concern that China’s People’s Liberation Army (PLA) would have the ‘complete capability’ to attack Taiwan by 2025. The Minister expressed concern while also highlighted sanctions as the means to deter aggression during a virtual seminar titled “Taiwan: is it key to the continuing world order?” organised by The Democracy […]
Google Maps has launched its street view service across 10 cities in India in partnership with two local companies, the firm said on Wednesday. The government had previously not allowed showing of panoramic images of roads and other sites for security reasons. In a statement, Google said Street View is being launched in partnership with […]
Bangladesh is lagging behind in the world market even though the quality of the leather is good as the traders are forced to export leather to China at low prices. As per the guidelines, those who sell leather must have a Leather Working Group (LWG) certificate, the only institution in the country that has that […]
United Nations-backed human rights experts on Wednesday called on authorities in Hong Kong to repeal a national security law as it slammed China’s tightening grip on the semi-autonomous region. The findings by the committee are part of a regular review of parties to the covenant, which was published today after a series of hearings earlier […]
He has over 23 years of experience in the banking sector
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
England swatted aside Sri Lanka as they overhauled a meagre total with 17 balls to spare in their opening Twenty20 match of the Commonwealth Games. Spinner Sophie Ecclestone justified her ranking as the best T20 bowler in the world with three wickets to sap Sri Lanka of momentum. The visitors washed up on 106-9 and […]
Conditions have changed since Cairn India drilled exploratory wells Conditions for taking forward Sri Lanka’s efforts at exploiting indications of the presence of petroleum and natural gas in the Mannar basin have improved significantly in the last two years according to well informed sources in the international oil industry. These sources said that when Cairn […]
by Rex Clementine Jesus’ teachings nearly 2000 years after his death still are highly relevant and we see living examples daily. This week we witnessed one such in sports when Prabath Jayasuriya spun Sri Lanka to a famous victory over Pakistan. Jesus had taught when a man rejects someone that necessarily doesn’t have to be the […]
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate” compared with other regions, several economies will have to act quickly to […]
Anthony Nihal Fonseka has been reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 27 July 2022 for a period of six years. Previously, he served on the Monetary Board from July, 2016 to May 2020 and from May 2022 to July 2022. He obtained […]
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Human Rights In Geneva This September appeared first on Colombo Telegraph.
Sri Lanka's rupee fell sharply in the June quarter
President Ranil Wickremesinghe says an agreement with the International Monetary Fund (IMF) will not fully resolve Sri Lanka’s issues. He said that Sri Lanka needs to look at ways of paying back its loans. Speaking in Kandy today, the President said that the protests had delayed a possible deal with the IMF. He said that […]
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
SORA’s objective is to become a usable currency for both users on Earth as well as the Metaverse SORA platform currency is governed by a Parliamentary system that has multiple bodies with clear separation of powers, and where the members are chosen randomly from the SORA Citizen population. XOR transactions are fast and cheap, costing […]
Bodyline (Pvt.) Ltd., a subsidiary of MAS Holdings, will be the official clothing partner for the Sri Lanka Athletics– SLA, from 2022 till the Paris Olympics in 2024. At an event held on the 28th of July 2022, Dinesh de Silva, Chief Executive Officer of Bodyline, officially handed over the athletic kits designed by MAS […]
IsharaShehan Consultancy helps businesses to move forward using advanced SEO tactics and industry best practices that increase brand visibility and generate more sales/leads. With several global clients under its portfolio, the company works to international standards, to offer the best possible service. The Founder of IsharaShehan Consultancy, Ishara Shehan Silva, who is an international SEO [...