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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 […]
Providing financial and technical assistance towards the switch to renewable energy technologies The United Nations Development Programme (UNDP) in Sri Lanka together with the Sri Lanka Sustainable Energy Authority (SLSEA) has commenced an initiative to strengthen rural economies, increase forest cover, improve the living standards of rural women, and sustainable industries and small and medium en...
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, […]
“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
Non-oil imports collapsed 35.6 percent to 1,026 million US dollars.
[…]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
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 […]
The widely acclaimed globalisation of the post-Cold-War era is now running in reverse. A protracted slowdown in global trade has been reinforced by persistent pandemic-related supply chain disruptions, ongoing pressures of the US-China trade war and efforts to align cross-border economic ties with geostrategic alliances, known as “friend-shoring”. These developments raise the pressure on China, [&...
University of Hong Kong students are required to study and pass a national security course for them to graduate, including those graduating next summer. According to an e-mail from the registrar yesterday, all 2022-23 undergraduates are required to take the self-learning course online, which covers the constitution, the Basic Law and national security law at […]
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
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.
In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood, the ANI reported.The post Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution appeared first on ONLANKA News :. Sri Lanka Breaking New...
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 […]
Importance of ‘Fair Play’ by all Stakeholders of the Economy in Countering the Current Unprecedented Economic Crisis
Chinese financial institutions have reached out to Sri Lanka and had shown full readiness to find a way to handle the matured Chinese loans and help Sri Lanka to overcome the difficulties, Chinese Foreign Ministry Spokesperson Zhao Lijian said during his Regular Press Conference in Beijing. Lijian made this statement in response to a question […]
Police search FSP office By Rathindra Kuruwita The government was carrying out a psychological operation to prevent the people from taking to the streets as the economic crisis deepens, Frontline Socialist Party (FSP) Propaganda Secretary, Duminda Nawagamuwa said yesterday, following a police raid of their Colombo office. Nawagamuwa said that a policeman, and 10 men […]
Investors eye on LIOC, plantation shares
The Ministry of Finance, in an update on the discussion with the International Monetary Fund (IMF), said that Sri Lankan authorities have substantial progress has been made during the talks on the discal, monetary and structural reforms necessary to stabilize the country s economy.
[…]The post Looking To The Past: The Political Cultivation Of An Obliging Judiciary To Violate Rights appeared first on Colombo Telegraph.
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
Has government securities
Quickee.lk, Sri Lanka’s favourite online marketplace and innovative delivery solutions platform, has stepped forward to reenergize Sri Lanka schools’ rugby and help develop the sport in the country by powering leading schools in the ongoing rugby season. The schools are S. Thomas’ College – Mount Lavinia, St. Peter’s College – Colombo 4, Royal College – […]
British Politics and Ours Both Sri Lanka and the UK have experienced an unprecedented political upheaval of late. It is interesting that both leaders agreed to resign within a day of each other. Everybody else saw the ‘the end is nigh’ sign for quite a while. They didn’t or didn’t want to see it until […]
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood
By Uditha Devapriya Archive images courtesy of the J. R. Jayewardene Centre The role of the journal in the Buddhist Revival in British Ceylon has never been seriously examined by scholars. Most historical accounts trace the origins of a Buddhist press to the late Dutch and early British periods. The growth of print capitalism held […]