By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]

In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]

Foreign Minister Ali Sabry PC has said that in the emerging multipolar world, countries like Sri Lanka cannot afford to take sides and must be open to working with anyone. Minister Sabry made these observations when he delivered the opening address at the 3rd ‘LKI Foreign Policy Forum’, held on the theme ‘Reassessing Non-Alignment in a Polarised […]

Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national assets which they are planning to dispose […]

Deputy Secretary of State of the United States of America Richard Verma visited Sri Lanka from last Thursday to yesterday, the Ministry of Foreign Affairs said in a press release. The visiting U.S. Deputy Secretary of State and delegation had extensive discussions with Foreign Minister Ali Sabry at the Ministry of Foreign Affairs on further […]

Minister of State for Foreign Affairs Tharaka Balasuriya spoke to WION’s diplomatic correspondent Sidhant Sibal on the sidelines of Raisina Dialogue 2024 in New Delhi.Balasuriya weighed in on several issues ranging from the India-Lanka relationship, Colombo’s ties with China, tourism, Unified Payments Interface (UPI), and more. While speaking on China, Balasuriya said that “both countries [&...

By Rathindra Kuruwita Until Sri Lanka has access to international money markets, which will allow it to ensure there are no short-term dollar shortages, relaxing the restrictions on vehicle imports is out of the question, Professor in Economics at the Department of Economics at Colombo University, Dr. Priyanga Dunusinghe, said. Even then, relaxing vehicle imports […]

Following Iranian FM’s visit The Foreign Ministry said yesterday that Iranian Foreign Minister, Hossein Amirabdollahian, during high level meetings in Colombo this week, expressed hope that with this trip, the bilateral ties in all fields, including political, economic, commercial, and tourism, would be expanded. Amirabdollahian was here at the official invitation of the Sri Lankan […]

Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...

In his policy statement during the inauguration of the 5th session of the 9th parliament, President Ranil Wickremesinghe insists that the solution to the economic crisis lies in economic and scientific measures, not political ones. However, he draws inspiration from Confucius and urges citizens to introspect and cleanse their hearts, which can be seen as […]

by Shantha Jayarathne, PhD In recent discussions, concerns have emerged about the National People’s Power (NPP) in Sri Lanka, with some fearing a return to outdated communist traditions if the party ascends to power. These apprehensions, often fueled by political agendas, particularly target those with limited political literacy. This article aims to dispel these misconceptions […]

Tuesday 20th February, 2024 The leaders of the SLPP-UNP government, troubled by the prospect of having to face elections, must be having sleepless nights. They are believed to be busy devising ways and means of putting off the presidential contest due in eight months or so. The President’s Office has however said the next presidential […]

[…]The post Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinians Under Zionist Occupation appeared first on Colombo Telegraph.

Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]

Promises good economic and political relations with China A National People’s Power (NPP) administration will not do anything that will undermine Indian security; however, it will maintain economic and political relations with China, the NPP delegation to India told Indian officials, NPP Leader Anura Kumara Dissanayake said on Thursday (15) night. In his first interview since […]