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The Civil Society Collective for Democracy, also known by its slogan ‘Stand for Democracy’, today called for a halt to state repression. The coalition of concerned citizens and organizations, including civil society organizations, professionals, academics, trade unions, youth leaders, activists, media personnel, religious figures, and other influencers, convened today at the Sri Lanka Foundation I...
President Ranil Wickremesinghe highlighted Sri Lanka s efforts to overhaul its economy, aiming for competitiveness, seeking new markets and attracting foreign investments and capital following the path of countries like Thailand, Indonesia and Vietnam, the President s Media Division (PMD) reported.
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, had failed to pay the interest and principal on […]
by Laura He China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second economy
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Politically Strategic Or Principled Decisionmaking In The National Interest? appeared first on Colombo Telegraph.
[…]The post Sri Lankan Perspective On Insecurity Dilemma: National Security A Shield For Regime Politics? appeared first on Colombo Telegraph.
The National Peace Council (NPC) has urged the government to increase the wages of plantation workers. The following is the text of the statement issued by the NPC yesterday: “During the past month several events took place to mark the 200th Anniversary of the Malaiyaha Tamil people in Sri Lanka. Of symbolic significance was the […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
[…]The post Shani’s Release & State Accountability appeared first on Colombo Telegraph.
Small and Medium Enterprises (SMEs) is considered the backbone of the country’s economy and is a diverse sector, that massively supports Sri Lanka’s socio-economic development. The sector largely contributes to the country’s GDP and acts as the main employment provider. Over 25 years, Union
[…]The post The Mind Of Junious (A Parable) appeared first on Colombo Telegraph.
[…]The post Target 2048 – Develop A Knowledge-Based Innovative Economy appeared first on Colombo Telegraph.
The Sri Lanka Institute of Marketing (SLIM) is thrilled to announce the eagerly anticipated launch of the 2023 edition of SLIM DIGIS, 2.3, the unique platform that recognizes and applauds the forefront of digital innovation in the marketing landscape. Marking a new chapter in digital marketing excellence, this year’s SLIM DIGIS will include categories that […]
Bio Foods (Pvt.) Ltd., a pioneer in export agriculture in Sri Lanka, proudly commemorates its 30th anniversary as a leader of organic and fair-trade agriculture on a global scale. Established in 1993 by visionary founder and Chairman, Dr. A. Sarath Ranaweera, Bio Foods has emerged as an exemplary model for sustainable and ethical farming practices. […]
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
Thailand and Sri Lanka expect to sign a free trade agreement (FTA) in early 2024 as the two parties aim for three more rounds of talks this year to conclude the negotiations, according to the chief of according to the chief of the Trade Negotiations Department. Auramon Supthaweethum, director-general of the department, speaking at the […]
KARACHI: Pakistan’s total debt and liabilities rose by 29 percent to Rs77.1 trillion in the fiscal year that ended on June 30, the central bank said on Wednesday, as the government borrowed heavily to finance its spending requirements. At the end of the last fiscal year, the country’s debt and liabilities, including domestic and foreign, […]
Beijing [China], August 15 (ANI): The number of newborns in China in 2023 is estimated to be between 7 to 8 million, which is the lowest tally in 85 years, Khabarhub reported, adding that the Communist nation’s economic slowdown and high unemployment have led to a low birth rate. It reported that the birth rate […]
Sri Lanka is under pressure to show it is serious about eradicating corruption, as the bankrupt South Asian nation prepares for the first review of its International Monetary Fund bailout package in September.The post Sri Lanka’s looming IMF review spotlights anti-corruption drive appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Zimbabwe’s President Emmerson Mnangagwa won a second term in office, election officials said Saturday, but the opposition rejected the result of a vote that international observers said fell short of democratic standards. Mnangagwa, 80, won 52.6 percent of the ballots against 44 percent for the main challenger, Nelson Chamisa, 45, according to official results announced by […]
India’s EV market is expected to grow at an impressive compound annual growth rate (CAGR) of 49 per cent from 2022 to 2030. The country is making rapid strides to make electric vehicles (EV) occupy 30 per cent of the automobile market share by 2030. The EV sector may generate 5 million employment opportunities. According […]
[…]The post India Is Over The Moon, Ranil Wants Sri Lankan Children Taught Hindi & Chinese appeared first on Colombo Telegraph.
By J. Edward Moreno Tremors in China’s real estate market are shaking the country’s economy, as well as the world, which has come to rely on China as a reliable engine of growth. Major developers are faltering as they face huge losses, struggle with mountains of debt and miss payments to lenders
The Monetary Board of the Central Bank on Wednesday (23) decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 11.00 per cent and 12.00 per cent, respectively. It said in a statement: The Board arrived at this decision following […]
The removal of Qin Gang from his post as China’s foreign minister after a weeks-long disappearance fostered a few zesty rumors. Talk of affairs, conspiracies, and corruption has bounced around the net even as other policymakers have been replaced. But whatever sparked Qin’s fall, the impact on Chinese foreign policy and governance will be insignificant—as many […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
[…]The post ණය ප්රතිව්යුහගතකරණය, ආර්ථික කප්පාදුව හා ජාත්යන්තර මූල්ය අරමුදල: සර්වරෝගනාශකයක්ද නැත්නම් තත්වය උග්ර කරවන්නක්ද? – කොටස V appeared first on Colombo Telegraph.
The demand for imports in Sri Lanka continues to remain subdued, although a significant share of import restrictions has already been relaxed, the Central Bank of Sri Lanka said. The Central Bank said that the tight financial conditions was the cause for the subdued demand for imports in Sri Lanka. “Although a significant share of […]
Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth.The post Sri Lanka Holds Rates After Bank Cash Ratio Cut for Growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.