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Google.org, Google’s philanthropic arm, is providing $15M to The Asia Foundation to launch the APAC Cybersecurity Fund in partnership with CyberPeace Institute and Global Cyber Alliance to bolster cyber capabilities of 300,000 underserved micro and small businesses, nonprofits, and social enterprises. Working with implementing organizations and universities across the region, The Asia Foundation a...
The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily
Israel s economy shrank by far more than expected in the wake of conflict with Hamas in Gaza, according to official figures.
[…]The post Choice Of Elections Or Abolition Of Presidency appeared first on Colombo Telegraph.
[…]The post Poverty Of Wisdom appeared first on Colombo Telegraph.
President Ranil Wickremesinghe underscored the government’s commitment to safeguarding the economic and social rights of the upcountry Tamil community during a ceremony held at the Presidential Secretariat. He acknowledged their significant contribution to the nation’s economy and expressed
President Ranil Wickremesinghe assured a solution to the issues faced by the Tamils in the North and East. He said the Government is diligently addressing challenges one by one and currently, discussions are underway to find solutions for the issues facing the people of the North East. “Simultaneously, we must prepare to advance the nation’s […]
I became the first person to officially transact using UPI in Sri Lanka on February 12th 2024. In the presence of three heads of states/ governments. Leaders of India, Sri Lanka and Mauritius watched the transaction and celebrated its success with applause. So what is UPI ? How does it benefit indian consumers, merchants and […]
US Assistant Secretary of State for South and Central Asia, Donald Lu, hailed Sri Lanka as an example of the success of the administration’s Indo-Pacific strategy in collaboration with partners such as India. However, he also warned both Delhi and Dhaka that the security situation born out of the Rohingya refugee crisis and the general […]
by Rajan Philips 2024 is election year practically everywhere. In South Asia, it is two down and two to go. Bangladesh went first in January, and the governing Awami League won the election as predicted, with the main opposition Bangladesh National Party boycotting the election and the government fielding independent candidates to avoid the embarrassment […]
The Friday Forum has made a welcome reappearance after a somewhat long absence, an event which we warmly welcome. We carry the statement the group released a couple of days ago in this issue of our newspaper and urge readers to digest the commentary set out with due diligence. Its signatories are persons of the […]
Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]
[…]The post Executive Ranil Turns Constitutional Interpreter, As AKD Arrives Via India appeared first on Colombo Telegraph.
The President’s Senior Adviser on National Security and Chief of Presidential Staff, Sagala Ratnayaka, at an awareness conference on the 2024 Budget Proposals held at the main auditorium of the District Secretariat, Matara on Thursday (15) highlighted that many economic reforms essential for the country’s progress are now being implemented under President Ranil Wickremesinghe’s leadership. […...
Sri Lanka is back in the geopolitical spotlight ahead of elections slated for later this year, and former President Maithripala Sirisena says Washington should be paying attention. Outside powers — specifically China — are exerting influence amid what Mr. Sirisena says is a moment of “great instability” for his country, a teardrop-shaped island just off […]
By Saman Indrajith The government’s decision to give two million farming families freehold land deeds will lead to shanty towns popping up in most major towns in Sri Lanka, Pivithuru Hela Urumaya (PHU) leader Udaya Gammanpila said. Gammanpila added that President Ranil Wickremesinghe’s Urumaya Freehold Deed Programme could probably mark the end of Sri Lankan […]
The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is mainly based on information that was considered by the Monetary Policy Board of the Central Bank of Sri […]
Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA
Cuban President Miguel Mario Diaz-Canel Bermúdez has sought healthy economic cooperation with Sri Lanka. Ambassador of Sri Lanka to the Republic of Cuba, Admiral Nishantha Ulugetenne presented his credentials to the President at the Palacio de la Revolución in Havana. At a state ceremonial presentation held at the Palacio de la Revolución, Ambassador, Admiral Nishantha […]
[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
Sri Lanka s spike in inflation is expected to be short-lived and will return to the targeted 5% in the medium term, a monetary policy report released by the central bank said on Thursday as the island nation s economy stabilises from a crippling financial crisis.
Japan s economy is now the world s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany.
Friday 16th February, 2024 Much is being spoken about educational reforms, these days. President Ranil Wickremesinghe has stressed the need to gear the education system to the much-needed economic transformation the country is seeking to achieve. A former Minister of Education, the President is au fait with global trends in the field of education, and […]
By Nimali Liyanage B.Sc. Accountancy (Sp.), FCA The broadening of the tax net and the removal of the Value Added Tax (VAT) exemptions have had a positive impact on the economy, but the government will not earn the expected tax revenue if some basic reconciliations cannot be done by the Inland
Video: Face to Face | Dr. Harshana Suriyapperuma | Economy in peril? | 15th February 2024
[…]The post Middle East War & Radical Islam appeared first on Colombo Telegraph.
By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa says the proposed Economic and Technology Co-operation Agreement (ETCA) with India should be examined in the context of India’s geopolitical strategy in respect of Sri Lanka. Referring to a recent declaration by SLPP MP Rear Admiral (retd.) Sarath Weerasekera that the government parliamentary group hadn’t […]
Japan has pledged USD 931,000 for a UNDP-led project meant to improve good governance by tackling corruption. A statement issued by the Japanese Embassy on behalf of the Sri Lankan government and the UNDP declared that in terms of the latest initiative ‘a Project for Promoting Economic Governance through Anti-corruption Policy Support’ they intended to […]