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Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
SJB MP Dr. Harsha de Silva recently addressed the growing challenges faced by Sri Lanka’s textile and apparel export sector. The former UNP State Minister told the media that with a significant year-on-year decline of 17% in April, the industry was in trouble. De Silva emphasised the crucial role the textile and apparel industry played […]
Chinese Vice Minister of Foreign Affairs Sun Weidong has assured Premier Dinesh Gunawardena that China will always stand by Sri Lanka’s sovereignty as well as for political independence and socioeconomic development. The meeting took place at Temple Trees. The Vice Minister assured that China will increase investments in several areas, such as agriculture, trade and […]
[…]The post Relevance Of A “Strategic Culture” To Sri Lanka appeared first on Colombo Telegraph.
Chinese Vice Minister of Foreign Affairs Sun Weidong has assured that China, a longstanding ally of Sri Lanka, will always stand by the island nation s sovereignty and its political and socioeconomic development.
[…]The post Parliamentary Support Required For Effective Recovery appeared first on Colombo Telegraph.
Chinese Vice Minister of Foreign Affairs, Sun Weidong, will lead a Foreign Ministry delegation to Sri Lanka from 29 May to 01 June 2023, to co-chair the 12th round of Diplomatic Consultations between the two countries with the Secretary, Foreign Affairs of Sri Lanka Aruni Wijewardane. The discussions are expected to enable the two countries […]
Government and Opposition Members of Parliament, on Thursday, attended a roundtable discussion, where they exchanged views on the Anti-Corruption Bill. Transparency International Sri Lanka (TISL) organised the cross-party discussion with the leaders and secretaries of political parties and their representatives on the Anti-Corruption Bill, at the Parliament premises, with the intention of elicitin...
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
[…]The post Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices appeared first on Colombo Telegraph.
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
by Laleen Jayamanne ( Continued From Wednesday) The Multi-Ethnic fan base Gamini Fonseka, who introduced action (fights) with a new image of proletarian muscular masculinity into Sinhala cinema, was loved by both the Sinhala and Tamil male films fans for those reasons. His film Sarungale, where he played a rather sedentary Tamil Clerk (he spoke […]
Thousands of Indians from across Australia on Tuesday accorded a rousing welcome to PM Modi at a diaspora event at the Qudos Bank Arena in Sydney, one of the country’s biggest indoor stadiums. The PM and his Australian counterpart addressed and interacted with a gathering of over 20,000 people, during which Anthony Albanese called Modi […]
Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or November at the latest, its president said on Thursday, adding that the negotiations had made "remarkable" progress.The post Sri Lanka could wrap up debt restructure talks by Sept, president says appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka Ne...
President Ranil Wickremesinghe expressed regret to Japanese Prime Minister Fumio Kishida over the decision taken to suspend the Japanese funded Colombo Light Rail Transit (LRT) project. During an official meeting in Tokyo this morning (25) between President Ranil Wickremesinghe and Japanese Prime Minister Fumio Kishida, the President emphasized the need for future legislation in the […]
Japanese Prime Minister Fumio Kishida will meet Sri Lanka's president on Thursday as the South Asian nation looks to bolster efforts to restructure its debt and repair an economy deeply scarred by a severe financial crisis.The post Japan Prime Minister Kishida meets Sri Lanka president on debt repair talks appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka ...
By Rohana R. Wasala (Continued from yesterday May 24, 2023) Some well-meaning, erudite, but very naive and innocent, young bhikkhus are challenging Paster Jerome Fernando to a debate over his deprecatory remarks about Buddhism; that, I think, is ridiculously ingenuous and unnecessary, because that is giving that man a measure of dignity that he doesn’t […]
Sri Lanka is expecting foreign direct investment inflows to rise by a fifth to $1.3 billion this year, a government official said on Wednesday, with India likely to play a lead role despite the Sri Lankan economy facing its worst crisis in decades.
By Rohana R. Wasala The Jerome Fernando escapade, if rightly handled, will provide a golden opportunity to neutralise external threats to the prevailing peaceful religious coexistence in the Sinhalese Buddhist majority Sri Lanka. I hope that the fair-minded reader will not immediately condemn me as a Sinhalese racist and a Buddhist extremist for stating a […]
Upon completion of its mission to Sri Lanka, the International Monetary Fund (IMF) review team has said that maintaining the economic reform momentum and ensuring timely implementation of the IMF-supported programme’s commitments are essential for Sri Lanka to emerge from the current economic crisis. The mission discussed recent economic developments and the implementation of the […]
[…]The post Anniversary Angst appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) team says that keeping up the economic reform momentum and ensuring timely implementation of the IMF-supported programme’s commitments are key for Sri Lanka to emerge from the economic crisis.The post IMF Staff concludes visit to Sri Lanka and issued official statement appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka ...
The International Monetary Fund (IMF) says timely restructuring agreements between Sri Lanka and its creditors in line with the program targets, by the time of the first review, is essential to restoring debt sustainability. An IMF mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to […]
The economic crisis has placed Sri Lanka among the 20 poorest countries in Asia. A report published on Insider Monkey noted that while Sri Lanka is classified as a developing country, it is currently facing an economic crisis characterized by the devaluation of its currency, increasing inflation, and a humanitarian emergency caused by a severe […]
Sri Lanka President Ranil Wickremesinghe left for an official visit to Singapore and Japan this morning (May 23).The post Sri Lanka President leaves for Singapore and Japan for an official visit appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
Sri Lanka – Singapore Free Trade Agreement By Gomi Senadhira This month the highly controversial Sri Lanka – Singapore Free Trade Agreement (SLSFTA), which was signed in January 2018 and enforced in May 2018, completes five years in operation. Given the high level of concern among domestic stakeholders regarding the agreement. President Maithripala Sirisena appointed […]
Sinopec (600028.SS) has signed a contract to enter Sri Lanka’s retail fuel market, the President’s office said on Monday, as the crisis-hit country attempts to reduce pressure on its meagre dollar reserves. Under the new deal the Chinese firm will be given a 20-year licence to operate 150 fuel stations and will also be able […]
Sri Lanka President Ranil Wickremesinghe called on every Sri Lankan to contribute to creating a glorious and prosperous country free of bankruptcy.The post Sri Lanka President says everyone must work together to build a country free from bankruptcy appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
Foreign Minister Ali Sabry summoned Canadian High Commissioner Eric Walsh to the Ministry of Foreign Affairs on Friday (19), and condemned and rejected outright the statement issued by the Canadian Prime Minister Justin Trudeau on 18 May 2023, the Ministry said in a release on Saturday. It said: “Minister Sabry stated that the politically motivated […]
By Hema Senanayake hemasenanayake@yahoo.com IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]