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[…]The post Continuing Corruption: Begging IMF: Increasing Taxes appeared first on Colombo Telegraph.
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[…]The post Ranil’s Debt Driven Growth Strategy appeared first on Colombo Telegraph.
Sri Lanka is caught in a geopolitical cold war between China and India, analysts say
India's Jay Jay Mills already has factories employing 9,500 workers
President Ranil Wickremesinghe today assured the Administrator of the United States Agency for International Development (USAID), Samantha Power, that he will go through with the proposed electoral reforms. “We are also bringing in the new anti-terrorist legislation. I’m going to call the Parliament to say once and for all that they must agree on electoral […]
UNDP Sri Lanka launches two programmes calling young innovators to act on climate change International Youth Day (IYD) advocates for the participation of young people in actioning chang around the world. To commemorate the significance this year and to provide a platform to young leaders in Sri Lanka, the United Nations Development Programme (UNDP) in Sri Lanka launched two new calls for young ...
The Chairman of the Public Utilities Commission of Sri Lanka, Janaka Ratnayake says the price of fuel should be reduced further and not just by Rs. 20 as was announced last night. Issuing a statement, Janaka Ratnayake said that a transparent fuel pricing system must be introduced. “The price of petrol was reduced by 20 […]
Sri Lanka is to continue to stand by the ‘one China policy’ and support to protect China’s sovereignty and territorial integrity, the Foreign Ministry said today. The Foreign Ministry said that the assurance was given when the Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, at the Ministry […]
The economy of Sri Lanka contracted by 1.6 percent in the first quarter of the year 2022, the Department of Census and Statistics (DCS) says.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
Wickremesinghe also warned against being hyper-focused on the past.
Sri Lanka is to seek assistance from Paris Club lenders and the G7, Minister of Foreign Affairs Professor G.L. Peiris said. Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka. Minister Peiris explained that the Government of Sri Lanka will seek assistance […]
Johnson had made this assurance during a discussion held that afternoon.
It is necessary that the policymakers do not make the mistake of not listening to the experts in the industry
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) is forecasting the economy of Sri Lanka to grow by 2.6% this year down from 3.6% in 2021.
By Maheshi Perera Rubber tapping is a profession that requires deep skills and right tools, which is exactly what the rubber industry in Sri Lanka lacks today. The numbers of skilled tree tappers are declining and more and more people are deviating from the industry. This is having a huge negative impact on the rubber ...
Lanka Exhibition and Conference Services (LECS) won the Tourism Award for the Best Professional Exhibition Organiser, for the fourth consecutive year at Tourism Awards 2011. LECS was the winner of the prestigious awards for the past three consecutive years resulting in the company being inducted into the Hall of Fame. The organisation, which has a ...
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy. The findings highlighted the need ...
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
Indo-Lanka relations Indo-Lanka relations have been cordial ever since the two countries gained independence. The most notable act of magnanimity on the part of India was to cede the Island of Katchchathivu to Sri Lanka through an agreement between the two countries. Relations have intermittently been strained due to domestic ethnic issue having had a ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
The keynote address delivered by Dr. Kalpana Kochar, the World Bank’s Chief Economist for South Asia, at the recently-concluded CCC Economic Summit, highlighted three fundamental flaws in Sri Lanka’s growth model. It will not be possible to achieve sustained growth of 8% without addressing these effectively. The Pathfinder Foundation, and others, has emphasised the need ...
The Sri Lanka Economic Association or SLEA, the long-standing professional body of economists of Sri Lanka, has published some selected papers presented at its Annual Sessions in October 2011 in a volume titled ‘Achieving Economic Goals in the Midst of Global Challenges,’ the theme of the sessions. The volume, edited by two veteran economists – ...
Strategic investments from high-growth economies such as India and China are propelling Sri Lanka into an important emerging Indian Ocean economy, opined Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath B. Wickrama.
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
President of the UNCSD, Secretary General of the UN, excellencies, ladies and gentlemen, it is indeed a great pleasure for me to be here in Rio de Janeiro and to share my thoughts at this momentous event. The presence of so many Heads of State and Governments, Senior Ministers, Officials and thousands of members of ...