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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.
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
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.
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
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
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
Market up for the first time in six straight sessions
The country is yet to see the impacts of economic crisis easing.
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.
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."
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 […...
Sri Lanka stocks gained to four month high early this month on political stability hope
[…]The post Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do It? appeared first on Colombo Telegraph.
Sri Lanka is now ranked sixth in the world in child malnourishment and second in South Asia, he said.
Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.The post Sri Lanka’s president to cut spending in interim
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 […]
Expat workers blamed for engaging in essential and non-essential imports
Japan is seeking to organize a Sri Lanka creditors’ conference, hoping it could help solve the Sri Lanka’s debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said according to a Tokyo datelined Reuters dispatch on Friday.Tokyo
Sri Lanka has one state employee for 14 people
Industry experts say 70% of government construction projects are on hold now.
There will be selling ahead of the interim budget on August 30
If the US and its allies are allowed to subvert the principles of non-interference, national sovereignty and territorial integrity of countries like Sri Lanka would be in serious peril, Ambassador of China, Qi Zhenhong said yesterday in a statement. “More seriously, the world might slide back to jungle rules and barbarian times. With separatists and […]
[…]The post Government’s Attempt To Redefine The Political Discourse & Direction Through Suppression appeared first on Colombo Telegraph.
[…]The post Ranil’s Policy Train-Wreck, Opposition Own-Goals, Dullas-GL Game-Changer appeared first on Colombo Telegraph.
China says it has always been supporting Sri Lanka in the international fora for protecting its sovereignty, independence, and territorial integrity, and will continue to do that. In an article titled “From One-China Principle to ‘Yuan Wang 5’: Let’s Join Hands and Resolutely Safeguard Our Sovereignty, Independence and Territorial Integrity” China’s Ambassador to Sri Lanka, Qi […]