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Sixty-nine Sri Lankan fishing boats are in Indian custody, Minister of Fisheries Douglas Devananda has said during a recent televised interview.Hundreds of Indian boats arrive in Sri Lankan waters and use destructive bottom trawling techniques in the territorial waters of Sri Lanka, the Minister said. “They have destroyed all marine resources in the Indian territorial […]
- Navy Commander explains persistent problem of large number of Indian vessels poaching in SL waters (Category: Breaking News)
- Colombo releases 38 fishers in custody ahead of Indian polls (Category: Breaking News)
- Court orders seized Indian fishing boats to be destroyed (Category: Breaking News)
- Navy apprehends poaching fishers in spite of TN protests (Category: Breaking News)
[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
[…]The post Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. Anil Baddevithana appeared first on Colombo Telegraph.
- Parate execution is the last resort to protect depositors’ funds – SLBA (Category: Breaking News)
- Ministers of Justice and Health on collision course with association of banks (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- Only 0.4% of loans recovered using Parate laws – CBSL (Category: Breaking News)
[…]The post Ancient Values Influence Behaviour Centuries Later appeared first on Colombo Telegraph.
- Bloodbath In The Politburo (Category: Breaking News)
- Yoruba People & Culture (Category: Breaking News)
- Erosion & Climate Change: Sri Lanka Is Adrift In The Indian Ocean (Category: Breaking News)
- Priceless Stolen Property (Category: Breaking News)
President Ranil Wickremesinghe has convened a pivotal meeting with leaders of recognized political parties to discuss the proposals put forth by the International Monetary Fund (IMF) and its high-level delegation.The post President calls Opposition Party Leaders for crucial meeting on IMF proposals appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President to convene meeting with opposition s party leaders, IMF delegates on Monday (Category: Breaking News)
- President Calls Opposition Leaders for a Crucial Meeting on IMF Proposals (Category: Breaking News)
- President invites opposition leaders for a crucial meeting to discuss IMF proposals (Category: Breaking News)
- Meeting between president, opposition leader (Category: Breaking News)
[…]The post Playing The Fiddle While The Country Burns! appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
[…]The post The Steps To Achieve Justice In Sri Lanka appeared first on Colombo Telegraph.
- Transitional Justice In Sri Lanka: Accomplishments & Challenges In The Post-Civil War (Category: Breaking News)
- Abuses Undercut Proposed ‘Truth Commission’ – Human Rights Watch (Category: Breaking News)
- Too polarized to reconcile? The struggle for transitional justice in Sri Lanka (Category: Breaking News)
- Too polarized to reconcile? The struggle for transitional justice in Sri Lanka (Category: Breaking News)
During the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry yesterday (07), Peter Breuer, the Senior Mission Chief for Sri Lanka, delivered encouraging remarks. Breuer emphasized that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the program’s impl...
- IMF program is exhibiting promising signs of efficacy – IMF Mission Chief for Sri Lanka (Category: Breaking News)
- IMF programme in SL showing signs of working – Breuer (Category: Breaking News)
- IMF hopes for Sri Lanka political crisis resolution to resume deal talks (Category: Breaking News)
- President reiterates govt s commitment to sustaining momentum and advancing economic agenda (Category: Breaking News)
By Neville Ladduwahetty During President Ranil Wickremesinghe’s India visit in July 2023, five Memorandums of Understanding (MOU) were signed by India and Sri Lanka to establish physical connections between the two countries. This was followed more recently by the launch of the Unified Payments Interface (UPI) – a mechanism that claims to reduce the cost […]
- ‘Is India going to steal land, water and air?’ (Category: Breaking News)
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- India to push rupee investments in Sri Lanka (Category: Breaking News)
- PM Modi’s comments: ‘Ensure dignity and respect for Tamils’ (Category: Breaking News)
Sri Lanka has recorded an over 16 percent increase in workers remittances while tourism earnings has increased by nearly 114 percent in February 2024 compared to the previous year, according to the latest data from the Central Bank of Sri Lanka (CBSL).
The gross salary of the lowest ranking employee of the Central Bank of Sri Lanka (CBSL), an Office Assistant – Grade 1, has been increased by 29.53% up to Rs. 188,827 in accordance with a collective agreement, Prime Minister Dinesh Gunawardane told Parliament yesterday. Responding to a question by SJB Colombo District MP S. M. […]
- CBSL requests President for opportunity to explain recent salary hike (Category: Breaking News)
- CBSL denies 70% pay hike (Category: Breaking News)
- President appoints independent committee to review CBSL salary hikes (Category: Breaking News)
- MPs call for abolition of collective agreement (Category: Breaking News)
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka expects 1.8% Economic growth in 2024 (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
Opposition and Government MPs expressed outrage in Parliament over the massive pay hike implemented by the Central Bank of Sri Lanka for its employees. Opposition Samagi Jana Balawegaya MP Lakshman Kiriella asked if the Government will reverse the decision taken by the Central Bank to increase the salaries of its employees by large margins. Prime […]
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CB warns of catastrophic consequences if banking sector collapses (Category: Breaking News)
- Government to unveil domestic debt restructuring strategy this week (Category: Breaking News)
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
Prime Minister Dinesh Gunawardena detailed the recent salary hikes of those employed at the Central Bank of Sri Lanka (CBSL).
Central Bank pay hike controversy: By Saman Indrajith The MPs who met a group of officials from the Central Bank of Sri Lanka (CBSL) yesterday found that the controversial salary increments of the CBSL workers had been based on a collective agreement. Some of the MPs argued that the collective agreement should be abolished. The meeting […]
- Brouhaha over pay hikes (Category: Breaking News)
- CBSL denies 70% pay hike (Category: Breaking News)
- Lowest ranking CB employee’s salary increased to over Rs. 180,000 – PM (Category: Breaking News)
- COPF invites all MPs to meeting with CBSL officials over pay hike (Category: Breaking News)
Reaffirming its customer-centric focus, the Truly Sri Lankan Bank, Pan Asia Bank, has forged a strategic partnership with AIA Insurance Lanka, to provide comprehensive insurance solutions – including protection, health and investment solutions – that meet the changing needs of the Bank’s valued consumers. Expressing his enthusiasm about the new partnership, Naleen Edirisinghe, CEO of [...
- Ayubowan AIA (Category: Business)
- Pan Asia Bank and Wogi to introduce Global Customer Reward platform to revolutionize customer ex... (Category: Breaking News)
- DFCC Bank and AIA virtually recognise CEO Club Award Winners (Category: Breaking News)
- Special Credit Card for government pensioners (Category: Breaking News)
Janashakthi Life, a member of the Janashakthi Group, announces the appointment of Dilip de S. Wijeyeratne as an Independent, Non-Executive Director to the Company’s Board of Directors, effective from 14th February 2024. Dilip de S. Wijeyeratne is a senior finance/banking professional and a principal consultant who provides advisory services to companies globally to expand operations […]
- Mano Wijeyeratne passes away (Category: Breaking News)
- Manodha Wijeyeratne passes away (Category: Breaking News)
- Wijeyeratne appointed to Union Assurance Board (Category: Business)
- Sinhaputhra eye donation drive (Category: Business)
By Ifham Nizam Following a request made by World Bank officials, Department of Agriculture, Director General Ms. Malathi Parasuraman has submitted a work order, prepared by the Department of Agriculture, to double the paddy yield in the country within six growing seasons. Agriculture and Plantation Industries Minister Mahinda Amaraweera said that the World Bank has […]
- ADB to provide Rs 10 billion for local paddy cultivators to buy MoP this Maha (Category: Breaking News)
- Paddy purchases through District Divisional Secretariats for 2023 Maha season (Category: Breaking News)
- Govt. to intervene in paddy purchasing - Agri. Minister (Category: Breaking News)
- 60,930 acres of paddy fields damaged by drought (Category: Breaking News)
The Sri Lankan government has taken significant steps to revitalize its national carrier, SriLankan Airlines, amidst mounting debt challenges.The post Sri Lanka Government extends deadline for SriLankan Airlines restructuring amid debt crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- SriLankan Airlines says paid interest on US$ 175 million bond after sovereign debt default (Category: Breaking News)
- SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year (Category: Breaking News)
- Turbulence ahead: Airline on the block in Sri Lanka reforms (Category: Breaking News)
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
In addition to the officials and categories of individuals required to disclose their assets and liabilities as specified in the amended Declaration of Assets and Liabilities Law No. 01 of 1975 by Act No. 74 of 1988, Section 80 of the Anti-Corruption Act No. 09 of 2023 introduces provisions for further disclosure by various other […]
- More Pressure On Media – Govt. Wants Assets Declared Before End April (Category: Breaking News)
- TISL warns Anti-Corruption Bill poses threat to RTI (Category: Breaking News)
- Declaration of Assets and Liabilities Law amended to include new officer categories and personnel (Category: Breaking News)
- Sri Lanka one of the most corrupt nations in the world (Category: Breaking News)
The Cabinet of Ministers approved the proposal made by the Minister of Irrigation to provide 0.99 hectares each on the water surface of the Chandrika wewa Reservoir located in the Embilipitiya Divisional Secretariat Area and the water surface of the Kiriibban wewa Reservoir located in Sewanagala Divisional Secretariat Area and plots of 0.1 hectares each […]
- Sri Lankaâs largest Hydro-Power Reservoir starts to Spill (Category: Breaking News)
- Body found in a reservoir in Maskeliya (Category: Breaking News)
- Life in Chinese village that does not exist (Category: Technology)
- Reservoir firefighters battle wind to extinguish blaze at apartment complex (Category: USA, Mississippi)
Sri Lankan President Ranil Wickremesinghe revealed that over the past 14 months, the Parliament has enacted 42 new laws to facilitate the country’s economic transformation.The post Sri Lanka President says 42 new laws enacted for economic transformation, 62 laws due for enactment appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- No candidate vying for the presidency has announced plans to abolish executive powers (Category: Breaking News)
- No candidate vying for the presidency has announced plans to abolish executive powers – President (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Parliament has passed 42 new laws in the Last 14 months – President (Category: Breaking News)
By Rathindra Kuruwita The Committee on Public Finance (COPF) had invited all Members of Parliament to a meeting it was scheduled to have with the officials of the Central Bank of Sri Lanka (CBSL), on Tuesady (05), COPF Chairman, MP Harsha de Silva told journalists in Colombo yesterday. “We will ask them to explain the […]
- COPF green-lights proposed domestic debt restructuring program (Category: Breaking News)
- COPF summons Public Security Secretary and Immigration CG (Category: Breaking News)
- Speaker accused of being notorious for suspending Standing Orders (Category: Breaking News)
- Anura Priyadharshana Yapa appointed CoPF chairman (Category: Breaking News)
The officials of the Central Bank of Sri Lanka (CBSL) have been summoned to the Cabinet meeting scheduled to be held on Tuesday (March 05).
Monday 04th March, 2024 The Central Bank of Sri Lanka (CBSL) is drawing heavy flak for having granted its workers generous pay hikes amidst a crippling economic crisis. Its critics are arguing that such salary increases, allegedly ranging from 29% to 70%, should not have been given at a time when the government is asking […]
- CBSL denies 70% pay hike (Category: Breaking News)
- MPs call for abolition of collective agreement (Category: Breaking News)
- TUs affiliated to UNP, SLPP, JVP endorsed CBSL pay hikes (Category: Breaking News)
- CB salary controversy: Issue is not increase but size of it, says Harsha (Category: Breaking News)
by Dhara Wijayatilake Director and Secretary General of the International ADR Center Sri Lanka ratified the UN Convention on International Settlement Agreements Resulting from Mediation, popularly known as the Singapore Convention on Mediation, held recently. As at today, the Convention has 56 signatories and has been ratified by 14 nations. The Convention was developed by […]
- Sri Lanka ratifies UN Convention on Int l Settlement Agreements Resulting from Mediation (Category: Breaking News)
- Post-War Reconciliation Process: Human Rights violation (Category: Breaking News)
- Will India Take Sri Lanka To The World Court? (Category: Breaking News)
- Mediation Boards and youth: the role, need, and implementation of conflict resolution in Sri Lan... (Category: Breaking News)
‘New laws needed to rein them in’ By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, said that contrary to the Constitution, the Parliament didn’t exercise full control over public finance.The former President of the Bar Association said a new law was required to subject all state enterprises to parliamentary control to prevent further deterioration […]
- SLC, cryptocurrency and repealing of time-tested law (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Ranil sworn in before CJ as Acting President (Category: Breaking News)
[…]The post Ronnie De Mel: A True Democrat & An Economics Philosopher To The End appeared first on Colombo Telegraph.
- Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do... (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- Budget 2021: A Reversion To JR Jayewardene Policies Of 1940s? (Category: Breaking News)
Sri Lanka is seeking a five-month hold on a lawsuit filed by a bondholder over the country’s historic debt default, telling a New York federal judge that it wants more time to negotiate with private creditors.The post Sri Lanka seeks five-month hold on bondholder suit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka seeks five-month hold on bondholder suit (Category: Breaking News)
- Sri Lanka sued by bondholder in US following historic default (Category: Breaking News)
- Five-month hold sought by Sri Lanka on lawsuit filed by bondholder (Category: Breaking News)
- Sri Lanka Bondholder Lawsuit Should Be Put on Hold, U.S. Says (Category: Breaking News)
Sri Lanka is seeking a five-month hold on a lawsuit filed by a bondholder over the country s historic debt default, telling a New York federal judge that it wants more time to negotiate with private creditors.
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