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Sri Lanka is in the process of opening a diplomatic Mission in Romania to reaffirm its commitment to consolidate the enduring bilateral partnership and to cater to the strong Sri Lankan community in the country, the Foreign Ministry said. The Foreign Ministry said that the Fifth Round of Sri Lanka – Romania Bilateral Political Consultations […]
Banks, which pay taxes over 50%, least affected By Sanath Nanayakkare If the Employees’ Provident Fund (EPF) and other pension funds did not wish to participate in the proposed domestic debt restructuring process, there will be an application of higher annual income tax of 30%, Central Bank Governor Dr. Nandalal Weerasinghe said yesterday. The EPF […]
The World Bank yesterday (28) approved USD 700 million in budgetary and welfare support for Sri Lanka.This is the biggest funding infusion into the country since the International Monetary Fund (IMF) bailout package approved in March. Through this funding, the World Bank said it aims to help Sri Lanka implement foundational reforms that restore macroeconomic stability and sustainability, mitigate ...
The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]
By Easwaran Rutnam The World Bank has approved $700 million in financing to help Sri Lanka implement foundational reforms that restore macroeconomic stability and sustainability. Issuing a statement, the World Bank said that its Board of Directors approved $700 million in financing for two operations to help Sri Lanka implement foundational reforms that restore macroeconomic […]
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.The post World Bank approves $700 Million for crisis-hit Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
By Shamindra Ferdinando SJB MP Dr. Harsha de Silva said that the all-party Committee on Public Finance (COPF) would have to examine the proposals presented by the Central Bank of Sri Lanka (CBSL) and the Treasury as regards the proposed domestic debt restructuring. COPF Chairman de Silva said that the CBSL and Treasury representatives appeared […]
[…]The post DDR & The Moral-Cum-Political Question appeared first on Colombo Telegraph.
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post On The Current Debate Among Left Intellectuals appeared first on Colombo Telegraph.
By DR. DAYAN JAYATILLEKA For a country with a deep crisis, galloping poverty and a very significant Left (JVP-NPP and FSP), there is a paradoxically thin contribution by the leftwing intelligentsia. This can be contrasted by a cursory glance at the volumes of back issues of the Lanka Guardian which would illustrate the far thicker […]
Actually LKI owed public an explanation as to why it never addressed the accountability issue and related matters in spite of it being the toughest foreign affairs challenge faced in post-independence era. There is no harm in addressing a variety of issues of interest but the failure on the part of the LKI to examine […]
[…]The post BJP Embraces Tamil Diaspora appeared first on Colombo Telegraph.
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.The post World Bank to provide $500 million budget support to Sri Lanka appeared first on ONLANKA News - Latest Breaking News updates from Sri Lanka.
Sri Lanka and China have been long standing friends, and the benefits have been reciprocal, says MP Namal Rajapaksa, in an interview during his visit to Beijing.The post Sri Lanka has been a victim of ‘geopolitics’ for last two decades – Namal appeared first on ONLANKA News - Latest Breaking News updates from Sri Lanka.
[…]The post Celebrating Golden Jubilee: Some Reflections On Naleemiah’s Academic Activism appeared first on Colombo Telegraph.
[…]The post Overstressing The Proposed Truth & Reconciliation Commission appeared first on Colombo Telegraph.
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.
By N Sathiya Moorthy At the commencement of the ongoing UNHRC session in Geneva, Deputy Commissioner Nada Al-Nashif, talked about ‘accountability deficit’ on war crimes probe in Sri Lanka, and warned the nation of ‘universal jurisdiction’. In the absence of credible investigations and prosecutions into alleged war crimes accusations at the domestic level, a specially-mandated UNHRC […]
Sri Lanka and China’s EXIM Bank had talks on the debt restructuring exercise. Foreign Minister Ali Sabry had detailed discussions in Beijing with EXIM Bank of China Chairman Wu Fulin and a team of EXIM Bank. The Sri Lanka Embassy in China said that both sides expressed satisfaction at the conclusion of the talks. Earlier, Chinese […]
The United Nations Development Programme (UNDP) in Sri Lanka and Michelin Foundation have partnered to procure essential medicines for Sri Lanka. The medicines were handed over to the Ministry of Health this morning, in the presence of Keheliya Rambukwella, Minister of Health, and Dr. Anver Hamdani, Director Medical Technical Services, Coordinating In Charge/ COVID-19, Ministry […]
Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P Nandalal Weerasinghe said on Sunday (Jun 25), as the island navigates its worst financial crisis in decades. Sri Lanka will also likely obtain Cabinet and parliamentary approval for the debt restructuring strategy this week, Weerasinghe told local TV channels […]
Monday 26th June, 2023 It has been revealed before the COPE (Committee on Public Enterprises) recently that Sathosa suffered a loss of about six billion rupees due to rice imports in 2015 because most of the stocks of imported rice had to be sold as animal feed at extremely low prices. These losses are passed […]
There will be a Panel discussion on “The Role of Domestic Aviation in Sri Lankan Tourism” at the OPA on 27th June (Tuesday). A panel of eminent experts will discuss, among other things, how to attract foreign exchange amidst the country’s worst-ever economic crisis.
By Chandre Dharmawardana chandre.dharma@yahoo.ca According to a recent news report (The Island 23rd June 2023), Minister Mahinda Amaraweera has claimed that the “agricultural sector to be transformed into an export-oriented economy”! This is a surprising statement since the plantation sector, established by the British, has been from the start (and even now) an export-oriented economy....
‘How can we sustain operations due to over 70 resignations in one year’ Airline Pilots Guild of Sri Lanka (ALPGSL) yesterday (25) said that the top Sri Lankan Airlines management should take responsibility for the pathetic situation that prevails in the national airline. Alleging that the crux of the matter is that over 70 pilots […]
[…]The post Good Governance & Economic Development – Part III appeared first on Colombo Telegraph.
Chinese Foreign Minister Qin Gang said that China is ready to consolidate and expand its partnership with Sri Lanka. He gave the assurance when he met Sri Lanka’s Minister of Foreign Affairs M.U.M Ali Sabry in Beijing today. Sabry is leading a delegation to participate at the World Economic Forum to be held in Tianjin, […]
by Rajan Philips Last week saw a spate of summits underscoring the global economic and geopolitical headwinds that governments and countries have to cope with and navigate through. First, there was the visit to China by the US Secretary of State Antony Blinken. This was followed by a state visit to Washington by India’s Prime […]