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[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
Efforts to attract international players to invest in Sri Lanka’s Oil and Gas exploration in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. A statement noted that Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation two blocks adding to over 5,000 square […]
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (April 26), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on April 26, 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation of two blocks adding to over 5,000 square kilometers with potential oil and gas resources in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. According to the latest developments in the CA (Writ) Application […]
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (April 27), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on April 27, 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
By Rathindra Kuruwita The problems facing 17,000 families, affected by the negative environmental impacts of the Uma Oya project, have not yet been solved, Sajeewa Chamikara of the Movement for Land and Agricultural Reform (MONLAR) told The Island. In December 2014, a leak sprang up in its 15.2 km tunnel and due to that thousands of houses […]
The Parliament Committee on High Posts approved the appointment of S.A Rodrigo as the new Sri Lankan Ambassador to Italy. The Committee on High Posts gave its approval for the appointments of the new Ambassador, a Ministry Secretary and two institution chairpersons. Accordingly, the Committee on High Posts approved the appointment of S.A Rodrigo as […]
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Iranian President Dr. Seyyed Ebrahim Raisi and President Ranil Wickremesinghe yesterday (24) inaugurated the Uma Oya Multipurpose Development Project (UOMDP). The Iranian leader arrived in Sri Lanka under tight security via the Mattala International Airport, where he was accorded a warm welcome by Prime Minister Dinesh Gunawardena. President Wickremesinghe invited Dr. Raisi though some interested ...
The Uma Oya multipurpose development project, marked as a significant irrigation initiative following the Mahaweli movement, was declared open by the Presidents of Iran and Sri Lanka. Iranian President Dr. Ibrahim Raisi and Sri Lankan President Ranil Wickremesingheunveiled a commemorative plaque and inaugurated the project, initiating the operation of electricity generators through digital technol...
Special traffic arrangements will be implemented today (April 24) in Colombo and Mattala due to the visit of Iranian President Dr. Ebrahim Raisi, as announced by the Sri Lanka Police.The post Sri Lanka implements special traffic plans for Iranian President’s visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The stock market serves as a nexus where millions of buyers and sellers converge to engage in transactions. At its core, each transaction represents an agreement between a buyer and a seller, with the central element being the price. This price is not static; it fluctuates continuously, reflecting the equilibrium between supply and demand. The […]
Iran and Sri Lanka are to sign five Memorandums of Understanding (MoUs) during Iranian President Ebrahim Raisi’s visit to Colombo. Raisi, is set to visit Sri Lanka, Wednesday, in response to a special invitation extended by President Ranil Wickremasinghe, marking the first visit of an Iranian President to Sri Lanka since former President Dr. Mahmoud […]
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
[…]The post Are We Going To The Fringes Or Coming To The Middle? appeared first on Colombo Telegraph.
The chairman of the Colombo Stock Exchange (CSE), Dilshan Wirasekera, discusses opportunities for capital raising and the stock market outlook for 2024 in the following interview: Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the […]
The International Monetary Fund (IMF) commended Sri Lanka on the hard-won economic gains. First Deputy Managing Director of the IMF, Gita Gopinath said that she really appreciated meeting Sri Lanka’s State Minister of Finance Shehan Semasinghe and Central Bank Governor Nandalal Weerasinghe. “I commended them on hard-won economic gains in the past year. The road ahead […]
[…]The post Reforming Education: Target For Creative Capital & Not For Mere Human Capital appeared first on Colombo Telegraph.
[…]The post මහ පොළොව මත ගැටලු විසඳීමට පුළුල් ප්රතිපත්ති appeared first on Colombo Telegraph.
ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific said this when he met State Finance Minister Shehan Semasinghe and the island nation’s Central […]
Engineer advocates for increased funding to meet safety goals By Rathindra Kuruwita The number of deaths in road accidents in Sri Lanka has been decreasing since 2020, Kamala Gunawardena, a highway consultant with over 20 years of experience and consultant to the World Bank on road safety, says. Sri Lankan police categorised accidents into four […]
As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]
Sri Lankan President Ranil Wickremesinghe expressed his firm conviction in his ability to shape Sri Lanka into the country that the nation’s youth envision.The post President says he will build a Sri Lanka that the youth aspire to appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Apropos our news items (in The Island of 18 April) “Australia-based doc alleges her flat illegally occupied by diplomatic mission employee”, the High Commission for the People’s Republic of Bangladesh in Colombo has sent us the following response: “We draw your kind attention to the publication of the news item titled “Australia-based doc alleges her […]
Friday 19th April, 2024 One wonders whether the Parliament of Sri Lanka, which is full of self-righteous members who moralise to the point of queasiness, has taken upon itself the task of serving as a moral compass of sorts for the nation. Its sessions are characterised by endless tub-thumping. During the past several weeks, Parliament […]
The Ministry of Defence has instructed the Sri Lanka Army to offer a General Amnesty period from April 20 to May 20, 2024, for all military personnel who have been Absent Without Leave (AWOL) prior to April 2, 2024. This amnesty allows them to officially discharge from their duties. During this one-month amnesty, absentees can […]
The Sri Lanka Army has declared a general amnesty for all absentees, enabling them to receive an official discharge from their service. The general amnesty will be in force for a period of one month starting from 20 April to 20 May 2024. During the officially declared general amnesty period, Army absentees have been provided […]
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
Sri Lanka Army, on the directions of the Ministry of Defence, has declared a General Amnesty for the period of one month starting from 20 April to 20 May 2024 to all Army absentees, enabling them to receive an official discharge from their service. During the officially declared general amnesty period, Army absentees have been […]