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Sri Lanka received over 100,000 tourists in January 2023, Minister of Tourism Harin Fernando said on Wednesday.The post Sri Lanka receives over 100,000 tourists in January – Tourism Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka approves visa-free entry for tourists from 07 countries (Category: Breaking News)
- Chinese tourists visit Sri Lanka for the first time since COVID-19 (Category: Breaking News)
- Sri Lanka recorded over 701,000 tourist arrivals so far this year - Minister (Category: Breaking News)
- Indian travelers’ boycott of Maldives is helping Sri Lanka, says Tourism Minister (Category: Breaking News)
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
- Sri Lanka will have to go for another DDO strategy if targets of current plan not achieved – CBS... (Category: Breaking News)
- Sri Lanka must implement budget proposals to avoid return to crisis (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
- Sri Lanka drops further in corruption perceptions index (Category: Breaking News)
- Forbes Asia recognises Sandra Wanduragala Founder Selyn (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- UNDP appeals for assistance to help rebuild Sri Lanka (Category: Breaking News)
[…]The post Will India Be The Game Changer For RW? appeared first on Colombo Telegraph.
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Connectivity Or Captivity? (Category: Breaking News)
- Celebrating Independence Or Inaugurating Dependence? (Category: Breaking News)
- Systemic Drain (Category: Breaking News)
Any government which was detached from people's true aspirations cannot bring in economic recovery through measures such as imposing taxes, National People Power (NPP) leader Anura Kumara Dissanayake said yesterday.The post Government detached from people’s aspirations cannot bring in economic recovery – Anura appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLAN...
- Obstructing Elections is a Punishable Offence – Anura warns Treasury Secretary (Category: Breaking News)
- British High Commissioner meets NPP Leader (Category: Breaking News)
- Janatha Vimukthi Peramuna demands an early Election (Category: Breaking News)
- JVP Leader Anura Kumara meets India’s Foreign Minister S.Jaishankar in Delhi (Category: Breaking News)
Sri Lanka’s gross official reserves stood at an estimated US dollars 1.9 billion by the end of 2022, the Central Bank of Sri Lanka said today. The bank said that the gradual improvement in workers’ remittances, together with the revitalisation of tourism, helped improve the external current account balance in recent months while easing excessive […]
- Sri Lankan residents permitted to have maximum of USD 10,000 (Category: Breaking News)
- President holds talks with diplomats on debt restructuring (Category: Breaking News)
- US$333 million to be released to Sri Lanka immediately (Category: Breaking News)
- Sri Lanka’s liquid reserves continues to remain significantly low (Category: Breaking News)
Former Finance Minister, United National Party’s (UNP) Colombo district Leader Ravi Karunanayake alleged that the country went bankrupt not because of the governments, but because of the actions of the Central Bank (CB) and its officials.The post Ravi Karunanayake points finger at Central Bank for country’s woes appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA N...
- Court of Appeal quashes charges against Ravi Karunanayake in two Central Bank bond cases (Category: Breaking News)
- Opposition-Government battle over economy (Category: Business)
- 24 houses at Havelock Road demolished without even a days notice being given to the occupants ... (Category: Breaking News)
- Sri Lanka faces shutdown without stable Government – Central Bank Governor warns (Category: Breaking News)
Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.The post Sri Lanka expects financing assurances from China for IMF deal within days appeared first on Sri Lanka News - Latest Bre...
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
In view of delay in assurance from bilateral creditors so as to fulfil the criteria of getting a bailout package of USD 2.9 Billion from the IMF, Sri Lanka is in talks with the World Bank and the Asian Development Bank to obtain loans worth of USD 1.9 billion. According to the Governor of the […]
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
[…]The post The Case For (And Against) Anura Kumara Dissanayake appeared first on Colombo Telegraph.
- May Day Politics: A Pregame To Presidential Election (Category: Breaking News)
- Why Is AKD Of JVP Free Without Imprisonment? [This Is To Clear So Many Clouds Of Confusion] (Category: Breaking News)
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
- What I Wish To See In The NPP (Category: Breaking News)
An estimated 5.7 million people (26 per cent of the population) or more are now in need of humanitarian assistance, with at least 4.9 million (22 per cent) being food insecure, a situation report by International Federation of Red Cross And Red Crescent Societies (IFRC) said. The report issued on December 28 said the current […]
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
- LOLC Divi Saviya – reaches 100 days humanitarian efforts (Category: Breaking News)
- WFP warns against rising hunger levels in Sri Lanka (Category: Breaking News)
- Children have started losing weight rapidly (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
By Meera Sirinivasan Sri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund (IMF), according to Central Bank Governor P. Nandalal Weerasinghe. In September, the IMF reached a staff level agreement with Sri Lanka for a $2.9 billion package to help the island nation […]
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- China asked to share debt terms to facilitate overall process (Category: Breaking News)
- CB Governor upbeat about taking country’s loan request to IMF Board in Jan ’23 if it misses Dece... (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
By D. L. Sirimanne I dreamt I was the Radio Officer on a KLM Super Constellation flight to Colombo with a Dutch crew. Flight Information sent us a ‘red alert’ that Colombo Airport was closed and to divert the flight to Jaffna. I immediately informed the Captain and he accordingly altered heading to Jaffna. I […]
- Abolition Of The Provincial Councils System: Reply To Milinda Moragoda’s Utterance (Category: Breaking News)
- Sri Lanka: China to build airport in Poonakari to balance Indias Palaali (Category: Breaking News)
- Shake away the old, accept the new (Category: Breaking News)
- Wigneswaran considers himself best Tamil candidate to run for President (Category: Breaking News)
Earnings from merchandise exports declined in October 2022 - on a year-on-year basis - for the first time since March 2022 due to lower earnings from garments exports, the Central Bank of Sri Lanka (CBSL) says.The post Merchandise export earnings decline, trade deficit contracts in October 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- October exports down 8%, January-October exports up 9% to US$ 11 Billion (Category: Breaking News)
- Sri Lanka’s export performance surges in March 2024 (Category: Breaking News)
- Sri Lanka Government going to further relax import restrictions (Category: Breaking News)
- Merchandise export earnings decline, trade deficit contracts in Oct. 2022 (Category: Breaking News)
Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic. The airline is the only domestic carrier in Sri Lanka offering daily scheduled flights and the only such airline to operate flights from the Bandaranaike International Airport (BIA) with a dedicated passenger terminal and aircraft […]
- Top JV to invest over $ 8 m for Cinnamon Air taxi service (Category: Business)
- FitsAir to launch low cost airline in Sri Lanka on October 5 (Category: Breaking News)
- AirAsia to launch Colombo – Bangkok flights (Category: Breaking News)
- Emirates to fly Male-Colombo daily (Category: Breaking News)
The 20th Communist Party Congress of China may put a hold on the Chinese restructuring talks with Sri Lanka to secure the $2.9 billion facility to revive the ailing economy. The deadline was set for December, but it may be extended to January, according to the Central Bank of Sri Lanka. China is the main […]
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- China assures Sri Lanka of its help in addressing debt challenges (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
Saudi Arabia’s NEOM smart city offers a great opportunity for Sri Lankan professionals and skilled workers, a government minister from the South Asian nation said.The post NEOM offers Sri Lankan workers ‘lifetime opportunity,’ minister says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- NEOM offers Sri Lankan workers lifetime opportunity, minister says (Category: Breaking News)
- New employment scheme with Saudi Arabia sparks hope among Sri Lankan workers (Category: Breaking News)
- Nearly 90 Sri Lankan female domestic workers stranded in Oman (Category: Breaking News)
- Sri Lanka seeks US$ 6 Billion fuel credit line from Saudi Arabia (Category: Breaking News)
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) says that Sri Lanka s earnings from tourism increased to USD 107.5 million in November, 2022.
I am pleasantly surprised and marvel too most times I read the editorial in The Island. Why? Because they are so very apt on the most current issue in the land. The editor has the clever knack of hitting the nail right on the head and is fearless even when the nail represents a VVIP. […]
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
The Parliament committee on High Posts has approved the appointment of new Foreign Secretary Aruni Wijewardane. Wijewardane has already assumed duties at the Foreign Ministry as the new Foreign Secretary. Secretary-General of Parliament Dhammika Dasanayake said the appointment of four Secretaries to Ministries, a Chairman to a State institution and an Ambassador have been approved […]
- Jayanath Colombage picked as new Ambassador to Indonesia (Category: Breaking News)
- Nishantha Ranatunga’s appointment as water board Chairman approved (Category: Breaking News)
- Chitranganee Wagiswara approved as High Commissioner to Australia (Category: Breaking News)
- Rodrigo approved as new Sri Lankan Ambassador to Italy (Category: Breaking News)
[…]The post What Is To Be Done? – Anura Kumara Dissanayake appeared first on Colombo Telegraph.
- Anatomy Of A Change; From Wijeweera’s JVP To AKD’s NPP (Category: Breaking News)
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- Government’s Attempt To Redefine The Political Discourse & Direction Through Suppression (Category: Breaking News)
- Restoring Parliamentary Government (Category: Breaking News)
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Central Bank of Sri Lanka decided to maintain policy interest rates at their current levels (Category: Breaking News)
- Central Bank of Sri Lanka issues order slashing interest rates on lending products (Category: Breaking News)
Sri Lanka’s gross official reserves were estimated at US dollars 1.7 billion as of end October 2022, including the swap facility from the People’s Bank of China, equivalent to around US dollars 1.4 billion, which has certain conditionalities on usability, the Central Bank of Sri Lanka said today. The Central Bank said that the merchandise […]
- Sri Lankan Rupee depreciates even further against the USD (Category: Breaking News)
- Sri Lanka’s liquid reserves continues to remain significantly low (Category: Breaking News)
- Samarasinghe briefs President Joe Biden (Category: Breaking News)
- Ranil denies meeting Arjuna Mahendran in Singapore (Category: Breaking News)
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Over 400 respond (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
The Overall rate of inflation as measured by the National Consumer Price Index (NCPI) on a Year-On-Year basis was 70.6% in October 2022, compared to 73.7% in September 2022.The post Sri Lanka’s inflation slows down to 70.6% in October 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- CCPI based inflation drops to 66% in October (Category: Breaking News)
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka consumer inflation hits record 73.7% in September (Category: Breaking News)
- CCPI based inflation further drops to 57.2% (Category: Breaking News)
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate anovel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka. According to this arrangement, beneficiaries in Sri Lanka, especiallyservice providers, exporters etc. will be able to receive fundsquickly and cost effectively. [...
- Parliament approves appointment of Sri Lanka’s new HC to Maldives (Category: Breaking News)
- Singer secures 18th consecutive ‘People’s Brand of the Year’ Award at SLIM-KANTAR PEOPLE’S AWARD... (Category: Breaking News)
- Parliament approves appointment of new Foreign Secretary (Category: Breaking News)
- Prime Wins Gold in Land and Property Sector at TAGS Awards 2022 (Category: Breaking News)
Sri Lanka unveils a budget on Monday attempting to put the South Asian government's finances in order, with reforms to advance a $2.9 global billion bailout from the island's worst financial crisis since independence in 1948.The post Sri Lanka budget to seek recovery for crisis-hit economy appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka begins crucial debt restructuring talks with China (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
- Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka (Category: Breaking News)
- Urgent measures needed to halt exodus of skilled personnel (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
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