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The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country s economy which is hit by a staggering shortage of foreign currency and soaring inflation.
[…]The post Gaza In End Times appeared first on Colombo Telegraph.
… corruption cited as one of the three issues faced by the country Japanese Ambassador Hideaki Mizukoshi Thursday (21) urged Sri Lanka to turn the continuing economic, political and social crisis into an opportunity to achieve success. The Ambassador said that the country should take advantage of the continuing external pressure to adopt reforms, build-up […]
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
by Rajan Philips Mass killings are rare in Canada and Sri Lankans living overseas have never been victims of mass killings anywhere. Both truisms were shattered last week when six Sri Lankans comprising four children, their mother, and a family friend were brutally killed by another Sri Lankan teenager in Barrhaven, Ottawa. All of them […]
By Rathindra Kuruwita The Association of Public Service Engineers (APSE) revealed that government departments, ministries, and local government bodies currently have only 1,000 engineers in their employ. This number represents only 66 percent of the approved cadre, according to Eng. L.S. Sooriyabandara. Eng. Sooriyabandara, a representative of the Association of Public Service Engineers (APSE), no...
[…]The post Ronnie De Mel: A True Democrat & An Economics Philosopher To The End appeared first on Colombo Telegraph.
Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Ayubowan Wanakkam Good morning! International Mother Language Day is celebrated on 21 February every year by UNESCO and the UN to highlight the significance of languages in advancing human and social development. The theme for 2024 is “Multilingual education – a pillar of learning and intergenerational learning” which is crucial for inclusive education and to […]
[…]The post Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy appeared first on Colombo Telegraph.
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka expects to attract about US$5 billion in foreign funds in the next two years once it is able to finalise the restructuring of its overseas debt, the country’s foreign minister said on Monday (February 5).The post Sri Lanka eyes US$5 billion in foreign funds after debt restructure appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Indian External Affairs Minister Dr. S. Jaishankar has encouraged Indians to visit Sri Lanka if they want to travel overseas on holiday. He also noted that India’s assistance to Sri Lanka during its economic crisis has played a key role in enhancing India’s image among Sri Lankan citizens. “My first advice to you, the next […]
[…]The post Flight Of Human Capital – A Catastrophic Fait Accompli appeared first on Colombo Telegraph.
[…]The post Chips Are Everywhere: But Can Sri Lanka Ride The Wave? appeared first on Colombo Telegraph.
As respective exchange hits record-highs, the nation might be hoping to practice influence and work on its terms. In 2023, Mexico turned into the US’s top exchanging accomplice, outperforming China. Similarly, as the Mexican and American economies coordinate, however, so have the Mexican and Chinese economies, with China now the previous’ quickest developing unfamiliar financial […]
Canada is considering a cap on the number of international students allowed to live in Canada, Immigration Minister Marc Miller said according to a CTV report, as the government faces criticism for a housing affordability crisis.
By Uditha Devapriya Speaking at an awards ceremony on Wednesday, January 3, President Ranil Wickremesinghe announced that the government would be deploying a Navy vessel to the Red Sea. Wickremesinghe pointed out that the disruption of shipping lanes in the region would lead to increased freight charges and cargo costs, increasing import prices in the […]
by Rex Clementine The Cabinet sub committee appointed to look into affairs of Sri Lanka Cricket and submit recommendations in a report has called for the complete overhaul of the governing body. The committee headed by Foreign Minister Ali Sabry comprised Tiran Alles, Kanchana Wijesekara and Manusha Nanayakkara gives thumbs up to constitutional reforms […]
By N Sathiya Moorthy Reports of consensual sex involving over 5,000 girls under 16 (hence ‘legal rape) in just one police division, Kandy, should be a cause for serious national concern. The fact that President Ranil Wickremesinghe has sought further information in the matter, obviously for possible corrective measures that the government could initiate could only […]
Israel has turned to India and Sri Lanka in its search for much-needed workers to revive its largely comatose construction industry, after the country deported thousands of Palestinian workers and revoked their work permits following Hamas’ Oct 7 attack on it. Around 82,000 Palestinians worked in the country’s construction industry prior to the assault, accounting for a third of the sector’s [R...
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Water Wars – In Relentless Pursuit Of Blue Gold appeared first on Colombo Telegraph.
Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.The post Sri Lanka needs $100 billion to become net zero emitter by 2040, president says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
By Capt. A.G.A. Barrie P.Eng., B.Sc (Hons)(Eng) A.M.A. Azeez’s 50th death anniversary fell on November 24, 2023. Aboobucker Mohamed Abdul Azeez, an eminent educationist, erudite learned scholar in English and Tamil, brilliant orator, efficient administrator, writer, visionary and dedicated community worker, was born on October 4, 1911 to a traditional elite family of Vannarpannai in […]