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State Minister of Finance Ranjith Siyambalapitiya has warned that the Central Bank of Sri Lanka (CBSL) remains on high alert with regard to those commercial banks that are yet to reduce their interest rates.
Confusion confounded: By Jehan Perera President Wickremesinghe’s appointment of a commission of inquiry to investigate existing election laws and regulations and recommend changes has come without prior discussion or warning. It was a carefully kept secret until brought to the notice of the general public by the president’s appointment of the commission. The commission has […]
[…]The post Regular Elections Are The Foundation Of Democratic Society appeared first on Colombo Telegraph.
[…]The post Climate Change: A Red Flag For Environmental Security In Sri Lanka appeared first on Colombo Telegraph.
‘The Foreigners’ exhibition by the Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka) closed on 22 October, after a successful six-month run at the museum located on the ground floor of Crescat Boulevard, Colombo 3. The show attracted 10,377 visitors, including 489 students from schools and higher educational institutes across the country. […]
As the fourth largest coconut-producing country in the world, Sri Lanka’s coconut industry is a key contributor towards Sri Lanka’s economy. As part of its efforts to develop Small and Medium Enterprises (SMEs) and build sustainable businesses, Union Bank through the “Kapruka Ayojana” Credit Line continues to uplift and support coconut cultivators with funding and […]
[…]The post Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality appeared first on Colombo Telegraph.
[…]The post The Cauldrons We Make appeared first on Colombo Telegraph.
by Vijaya Chandrasoma War does not determine who is right. Only who is left. Bertrand Russel Saturday, October 7, 2023 was yet another Day that will live in Infamy, like December 7, 1941, when US President Roosevelt coined the phrase after the Japanese bombed Pearl Harbor, which paved the way for America’s involvement in World […]
The Ceylon Chamber of Commerce (CCC) has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). “This agreement is set to grant Sri Lanka access to the second tranche, approximately US$330 million in financing, pending […]
The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track debt restructuring, State Minister of Finance Shehan Semasinghe said. “This was much needed to strengthen economic stability, and after the IMF’s executive board approves [it], Sri Lanka will receive […...
[…]The post Sri Lanka Needs A Planning Commission appeared first on Colombo Telegraph.
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
Controversial businessman Lalith Kotelawala, who was accused over the misappropriation of 26 billion rupees of investments from the failed Golden Key Credit Company, passed away today. The former Chairman of Ceylinco Consolidated and the founding Chairman of Seylan Bank, Deshamanya Deshabandu Jeewaka Lalith Bhupendra Kotelawala was 84-years-old at the time of his death. He passed away while [̷...
Former chairman of Ceylinco Consolidated and founding Chairman of Seylan Bank Deshmanya Deshabandu Lalith Kotelawala has passed away at the age of 84 this morning (21).
Sri Lankan businessman Lalith Kotelawala passed away at the age of 84 this morning (October 21).The post Lalith Kotelawala passes away appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
A former club cricketer from Sri Lanka defrauded his employer in Australia for nearly $250,000 which he pumped into events featuring high profile international cricketers. Navishta ‘Nav’ Desilva, 35, stole money from Omnivision, a security and surveillance company, via a series of fake purchase orders and invoices purporting to buy CCTV cameras from a legitimate […]
Heavy machine gun fire was heard along the Israel-Gaza border in the early hours of Friday, after the green light was given for a ground invasion. Yoav Gallant, the Israeli defense minister, on Thursday visited troops positioned along the Gaza border, and told them that they would soon see the Palestinian enclave ‘from inside’. An infantry commander in […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.
by Rex Clementine Former Sri Lanka captain Angelo Mathews was called up to India as a desperate measure to address the national cricket team’s batting woes in the ongoing ICC Cricket World Cup. Along with Mathews, fast bowler Dushmantha Chameera was also called up and the pair were expected to reach north Indian city of […]
Sri Lanka has informed the Chinese leadership about its interest to enter into a Free Trade Agreement (FTA) with China. Chinese Vice Premier Ding Xuexiang expressed profound gratitude for Sri Lanka’s enduring support through the historic Rubber-Rice Agreement with the People’s Republic of China. He emphasized that the Chinese people will always remember this gesture […]
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
Colombo Oktoberfest 2023, the much-anticipated celebration of Bavarian culture, concluded in a grand style at the iconic Lotus Tower in Colombo. From October 2nd , 4th to 8th 2023, the festival took attendees on a memorable journey through the streets of Munich, offering six unforgettable nights of revelry from 6pm to 1am each day. This […]
Allrounder Angelo Mathews and fast bowler Dushmantha Chameera will join Sri Lanka’s World Cup squad as travelling reserves. They are expected to link up with the team on Friday, ahead of Sri Lanka’s fourth league game against Netherlands in Lucknow on Saturday, but can only be drafted into the squad in case of an injury […]
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...