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- Breaking News (6261)
Sri Lanka s economy showed significant growth more than anticipated in the first quarter, marking a strong recovery from a severe foreign exchange crisis.
[…]The post Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka appeared first on Colombo Telegraph.
- Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
President Ranil Wickremesinghe yesterday said that a pre-feasibility study for a land connection between Sri Lanka and India has been completed, and a full feasibility study will be conducted in the near future, the President’s Media Division said. The President stated so when he met with Most Rev. Dr. Fidelis Lionel Emmanuel Fernando, the Bishop […]
- President meets the Bishop of Mannar (Category: Breaking News)
- President and Mannar Bishop discuss concerns on renewable energy projects (Category: Breaking News)
- President announces plans to develop Mannar as an energy hub (Category: Breaking News)
- Sri Lanka to conduct full feasibility study on land connection with India - President (Category: Breaking News)
The Ministry of Finance yesterday said that the focus of envisaged Rental Income Tax was on high-wealth individuals, and not on average income earners. In a statement titled ‘Clarification on Imputed Rental Income Tax’ the Ministry said: The recent publication of the International Monetary Fund (IMF) supported Extended Fund Facility (EFF) programme related documents make […]
- Govt to introduce imputed rental income tax due to failure to implement property tax? (Category: Breaking News)
- Smokers, drinkers hit by index linked taxes (Category: Breaking News)
- Revenue collection exceeds target for first quarter by more than Rs. 45 billion (Category: Breaking News)
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
Monday 17th June, 2024 The SLPP-UNP government is crowing about the release of the third tranche of the IMF loan, and has undertaken to fulfil some more bailout conditions such as the introduction of an imputed rental income tax. It has said the new tax will affect only the high-net-worth individuals, but the proof of […]
- Report to be soon out on those who slip through the tax net (Category: Breaking News)
- Govt: Rental income tax will affect only high-wealth individuals (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
By N Sathiya Moorthy First, Team Ranil had claimed that the incumbent would be a ‘national candidate’ in the presidential polls due by mid-October. Since then, President Ranil Wickremesinghe himself has declared that the polls will decide the country’s success or failure. According to him, if the people are satisfied with his government’s policies and programmes […]
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
reform efforts aimed at rescuing the country from its financial crisis. During their meeting, [̷...
- Ranil meets Wigneswaran for talks in Jaffna (Category: Breaking News)
- Sri Lanka to conduct full feasibility study on land connection with India - President (Category: Breaking News)
- US and Sri Lanka’s Election Commission discuss importance of free and fair polls (Category: Breaking News)
- India notes steady progress in relations with Sri Lanka (Category: Breaking News)
[…]The post RW’s Economic Transformation Bill & NPP’s Systemic Transformation appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Politics Behind A Politician’s Gold (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
by Amal JAYASINGHE (AFP) When Sri Lanka’s economy crashed in 2022, people sought work abroad wherever they could find it — including ex-soldiers who joined forces fighting in Ukraine after Russia’s invasion. Now the veterans — some of whom swapped their life savings for what they thought would be lucrative, non-combat jobs — are desperate […]
- Russia promises end to recruitment of SL military personnel (Category: Breaking News)
- Dayasiri urges Parliament to appoint committee to probe Lankans fighting in Ukraine-Russia war (Category: Breaking News)
- SL urges tri-forces members not to become mercenaries in Russia or Ukraine (Category: Breaking News)
- Sri Lanka to repatriate nationals trafficked into Russia-Ukraine war (Category: Breaking News)
Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting to recover, but the economy was “still vulnerable and the path […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Cancel Sri Lanka s debt, global economists tell creditors (Category: Breaking News)
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
By Easwaran Rutnam Gitanjali Chakravarthy, General Manager, Hilton Yala Resort, Sri Lanka says there is a slow but sure shift towards gender diversity, inclusivity and equity. In an interview with Colombo Gazette, Chakravarthy says the evolving societal perceptions around gender roles, coupled with an increased emphasis on gender equality, have also contributed to a more […]
- Hilton Colombo celebrates 35 Years In Sri Lanka (Category: Breaking News)
- Hilton Colombo Wins 2022 Tripadvisor Travelers’ Choice Award for Hospitality Excellence (Category: Breaking News)
- Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities (Category: Breaking News)
- Movenpick Colombo rebranded as NH Collection Colombo (Category: Breaking News)
Lurking danger from trained soldiers in want by Saman Indrajith United Republican Front leader, Patali Champika Ranawaka, MP, says that Sri Lanka faces the danger of becoming a ‘narco-state’ if immediate action is not taken to stop the growth of what he describes as the ‘political underworld.’ “There is a political underworld operating in this […]
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- CP Chief calls for re-alignment of political forces to thwart Ranil (Category: Breaking News)
- CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-incom... (Category: Breaking News)
- Sri Lanka’s tax hike could force professionals to migrate – analysts (Category: Breaking News)
Sri Lankan authorities have formulated an initial roadmap to ease restrictions on motor vehicle imports by 2025. According to the IMF, this plan will commence with the imports of public passenger and special purpose vehicles in the third quarter of 2024, followed by goods transport vehicles in the fourth quarter of the same year. By […]
- Lanka imports record number of 3-wheelers from India (Category: Breaking News)
- Import restrictions further relaxed (Category: Breaking News)
- Sri Lanka relaxes rules on imports of reconditioned cars (Category: Breaking News)
- Sri Lanka's tax revenues from vehicle imports increase more than three-fold (Category: Breaking News)
The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka Peter Breuer stated that the IMF fully respect the democratic […]
- Serious consequences of failing to implement IMF programme (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
- Delays in governance and transparency reforms in Lanka’s IMF bailout programme, says Verité Rese... (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
Groundbreaking solar-powered battery swapping stations recognized for their impact on sustainable urban mobility and economic development in Sri Lanka The U.S. Embassy announced on Friday that Sri Lanka’s USAID-funded Sri Lanka Energy Project (SLEP) has received top honours at the 2024 annual conference for the Society for International Development, the premier U.S. event for international [̷...
- Sling Hope (Category: Business)
- Sling King (Category: Business)
- Well-orchestrated drama to sling mud at Sri Lanka (Category: Breaking News)
- USAID to establish battery-operated swapping stations for E-bikes (Category: Breaking News)
The International Monetary Fund (IMF) states that sufficient progress has been made for Sri Lanka's debt restructuring process to move forward.The post IMF reports progress in Sri Lanka’s debt restructuring amid economic vulnerabilities appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- IMF hints no room for any new govt. to wriggle out of agreed reforms after polls (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- IMF says Sri Lanka must reach timely restructuring deals with creditors (Category: Breaking News)
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
- Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Only A Unified Approach Can Solve The Economic Crisis (Category: Breaking News)
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
- Crisis-hit Sri Lanka’s interim budget aims ambitious revenue, debt cut targets (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- India ready to restructure its Colombo debt: What about others? (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
Sri Lanka will start talks on a free trade agreement with Malaysia, as it seeks to improve trade ties to support its recovery from a financial crisis, the Cabinet spokesperson said on Wednesday.
The United Nations Development Programme (UNDP) says Sri Lanka’s economic crisis offers a historic opportunity to optimise the use of resources for SDG attainment. UNDP in Sri Lanka, Resident Representative, Ms. Azusa Kubota said that there needs to be concerted efforts to strengthen the linkages
- UNDP and Sri Lanka discuss impact of regressive tax policies (Category: Breaking News)
- CA Sri Lanka seminar focuses on recent tax amendments (Category: Business)
- Sinopec Unveiled its First Renovated Filling Station with a New Image & New Facilities (Category: Breaking News)
- UNDP and Michelin Foundation partner to procure essential medicines for Sri Lanka (Category: Breaking News)
Nepal, which earlier hesitated to completely pivot towards China because of several economic and geopolitical factors, seems to have tilted heavily towards its big northern neighbor, giving it an opportunity to further increase its footprint in the Himalayan country’s political, economic, and social space. Yet what concerns Nepal watchers the most is the Himalayan nation’s […]
- India makes inroads into Sri Lanka under China’s long shadow (Category: Breaking News)
- Sri Lanka asks China to defer arrival of ship after India objects (Category: Breaking News)
- China’s developmental projects impacts climate, environment: Experts (Category: Breaking News)
- China must develop a more consensual approach to Himalayan water (Category: Breaking News)
Ananda Walk 2024 will take place on July 07, with the participation of old and present Anandians, teachers and well-wishers. Addressing the media at the College on Monday, Executive President of the Ananda College Old Boys’ Association Prof. Athula Kaluarachchi said that this year’s walk would be organized to educate and empower the youth to increase their […]
- ‘MAN OF THE MATCH’ (Category: Breaking News)
- Ananda walk to mark Anniversary (Category: Breaking News)
- Ananda win Western Province Under 20 Inter School Rugby 7s title (Category: Breaking News)
- CSI appoints veteran principal to steer school (Category: Breaking News)
Two care home owners in the UK say they would be unable to cope without the help of foreign staff from countries like Sri Lanka. Lakshmy and Philip Pengelly, who own Ashley Court Care Home in Llanelli, Carmarthenshire, said they had been forced to cut occupancy at their home because of staffing issues – until […]
- Sri Lankan asylum seekers feel unsafe in Diego Garcia (Category: Breaking News)
- Refugee from Sri Lanka becomes Mayor in UK town (Category: Breaking News)
- Jimmy Anderson confirms England farewell (Category: Breaking News)
- Anne concludes Sri Lanka visit describing herself ‘eyes and ears’ of monarchy (Category: Breaking News)
[…]The post Uncertainty About Elections Can Cause Instability appeared first on Colombo Telegraph.
- System Change Happening In Wrong Direction (Category: Breaking News)
- IMF & LG Elections: Presidential Machinations & Opposition Myopia (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
[…]The post Fear Of Tainted Politicians: To Hold Or Not To Hold Elections appeared first on Colombo Telegraph.
- Collusive Behavior Undermines Citizen Rights: Emerging Pseudo-Goebbels (Category: Breaking News)
- Attempt To Pull The Wool Over People’s Eyes: 21A To Bamboozle The Citizens (Category: Breaking News)
- Jeered & Sent Home: Ominous Sign Of An Impending Peril (Category: Breaking News)
- Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray (Category: Breaking News)
[…]The post Voice Of The Voiceless appeared first on Colombo Telegraph.
- Black & White; No Shades? (Category: Breaking News)
- Evolution Of A Movement: From JVP To NPP: From Violent Offensive Against Police Stations To Bein... (Category: Breaking News)
- Feminist Revolt & Masculinity Pitfalls In The Bolshevik Camp: Sri Lanka’s Election Prelude (Category: Breaking News)
- Are We Going To The Fringes Or Coming To The Middle? (Category: Breaking News)
Monday 10th June, 2024 Presidential candidates of the SJB and the JVP-led NPP, Sajith Premadasa and Anura Kumara Dissanayake, respectively, have chosen to sprint even before the commencement of the next presidential race, which is a marathon, wherein one has to pace oneself skilfully to prevent fatigue and maintain momentum. The two sides have been […]
- SJB: JVP’s call for RW’s participation in proposed debate diversionary tactic (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- JVP renews its challenge for debate (Category: Breaking News)
- From Crisis Prime Minister To Put Down President (Category: Breaking News)
[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.
- Target 2048: It Is Democracy & Not Authoritarianism That Will Do The Job (Category: Breaking News)
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- Economic Growth, National Security, And What Next For Sri Lanka (Category: Breaking News)
- Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies (Category: Breaking News)
The Ceylon tea industry, a vital component of the national economy, is under immense pressure from the proposed 700 Rupee wage increase for tea estate workers. While it is said that the intention behind the wage hike is to improve worker livelihoods, industry experts refer this as a pure political move aimed at gaining the […]
- Planters’ Association threatens legal action (Category: Breaking News)
- Going to court? RW offers legal aid to estate workers (Category: Breaking News)
- Tea traders call for a wage cut (Category: Business)
- Planters’ Association strongly opposes arbitrary wage hike (Category: Breaking News)
[…]The post Strict Laws Against Those Distorting Buddha’s Teachings: A Point Of View appeared first on Colombo Telegraph.
- Shaming Buddha & His Teachings (Category: Breaking News)
- Legalizing Prostitution – A Response (Category: Breaking News)
- Is Sri Lanka A Buddhist Country? – A Critical Reflection Of Sri Lankan Buddhism (Category: Breaking News)
- Freedom Of Speech & Religion (Category: Breaking News)
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