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By DR L M K Tillekeratne Chairman of the National Development Committee of the ACBC It is a well-known fact that one the problems faced by Sri Lanka today is caused mainly by shortage of electricity for domestic purposes and industries. Three decades ago, only 20 % of houses had electricity for lighting. But, today […]
- Norochcholai running out of coal: 14-hour power cuts feared (Category: Breaking News)
- Coal power plant to resume operations (Category: Business)
- Sri Lanka to build a 500 MW coal power plant in Sampur (Category: Breaking News)
- A nuclear power plant for Sri Lanka (Category: Breaking News)
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
By Dr UPUL WIJAYAWARDHANA On Friday 23rd, the British Chancellor of the Exchequer was billed to present a mini-budget, but what he actually did took everyone by surprise, as it was a budget and half! It was full of tax cuts including the reduction of the basic rate of income tax from 20% to 19%, […]
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations - report (Category: Breaking News)
- Budget, Taxation Turmoil and Policy Blunders – Part II (Category: Breaking News)
- Sri Lanka aims to streamline tax structure, boost collections - Treasury Secretary (Category: Breaking News)
- Govt plans Revenue Authority to monitor underperforming IRD, Excise dept, Customs (Category: Breaking News)
Japan is prepared to “do its part” over Sri Lanka’s debt issue, but other creditors, such as China and India, should also be involved in efforts to resolve it, Finance Minister Shunichi Suzuki said Thursday.The post Japan set to do its part over Sri Lanka debt woes – Finance Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japan’s Finance Minister Shunichi Suzuki to visit Sri Lanka in January (Category: Breaking News)
- Japan, France and India to launch platform to coordinate Sri Lanka debt (Category: Breaking News)
- Japan calls for creditor nations’ talks on Sri Lanka debt restructuring (Category: Breaking News)
- Japanese Finance Minister Shunichi Suzuki to visit Sri Lanka (Category: Breaking News)
Japan has placed preconditions in order to support Sri Lanka’s debt issue. Finance Minister Shunichi Suzuki said that Japan is prepared to “do its part” over Sri Lanka’s debt issue. However, he said that other creditors, such as China and India, should also be involved in efforts to resolve it. Suzuki made the remarks after […]
- Japanese Finance Minister Shunichi Suzuki to visit Sri Lanka (Category: Breaking News)
- Japan welcomes coordinated debt restructuring program for Sri Lanka (Category: Breaking News)
- Japanese Finance Minister calls for talks on Sri Lanka (Category: Breaking News)
- Japan calls for creditor nations’ talks on Sri Lanka debt restructuring (Category: Breaking News)
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
- How We Came To This Pass – On The “Non-Rule Of Law System” (Category: Breaking News)
- How We Came To This Pass: A Quest For Scapegoats (Category: Breaking News)
- How We Came To This Pass – Waiting On IMF (Category: Breaking News)
- Anniversary Angst (Category: Breaking News)
Wickremesinghe says Sri Lanka is taking some painful reforms to come out of economic crisis
- Economic levers alone not sufficient to stimulate global economic recovery – President (Category: Breaking News)
- Non-aligned nations, once perceived as weak states, have evolved beyond that characterization -P... (Category: Breaking News)
- Sri Lanka appeals to creditors for help (Category: Breaking News)
- Central Bank’s Check List for 2012 and beyond (Category: Business)
[…]The post HSZ Symbolizes Increasing Economic Insecurity appeared first on Colombo Telegraph.
- RW, Debt Restructuring & DFNS (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
- Ranil’s Debt Driven Growth Strategy (Category: Breaking News)
The British pound has fallen to a record low on Monday against the dollar and other currencies as markets react to the UK government’s biggest tax cuts in 50 years.The post British Pound hits record low against the dollar after tax cut plans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- UK PM Liz Truss makes surprise U-turn on widely panned tax cut (Category: Breaking News)
- Tea export earnings down 5% in dollar terms, but hit record-high in rupee terms amid sharp depre... (Category: Breaking News)
- UK scraps tax cut for wealthy that sparked market turmoil (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- A Child’s Guide To Demand Of 182 Academics For Cancelling Sri Lanka’s Foreign Debt (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
"We need to provide the right product and think out of the box in this segment. It's highly competitive."
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
By N Sathiya Moorthy President Ranil Wickremesinghe’s address at the first-ever graduation ceremony of the National Defence College (NDC) in capital Colombo reiterated four points. The first three have been repeated by successive governments and their leaders over the past three decades in particular. Initiated under the predecessor government of President Gotabaya Rajapaksa in the […]
- Can ‘National Security’ priorities wait for economic recovery? (Category: Breaking News)
- Sri Lanka President Ranil Wickremesinghe addresses 7th Indian Ocean Conference in Perth (Category: Breaking News)
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- President Ranil Wickremesinghe calls for unified action to safeguard the Indian Ocean (Category: Breaking News)
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population is food insecure and that one out of […]
- Sri Lanka urges farmers to plant more rice amid crisis (Category: Breaking News)
- Sri Lanka to introduce anti-hoarding laws for food stocks – PM (Category: Breaking News)
- FAO to provide Urea, cash for crisis-hit Sri Lankan small-hold farmers (Category: Breaking News)
- As Crisis-Hit Sri Lanka Counts Cost of Chinese Projects, India Moves to Recover Influence (Category: Breaking News)
As calls are growing for the independence of Sri Lanka’s Central Bank, which was also clearly laid out in the staff-level agreement with the International Monetary Fund (IMF), there are growing concerns among certain sections whether total independence would mean lack of accountability for the actions the monetary authority takes to maintain price stability.The post Central Bank’s independen...
- Public Finance committee wants CBSL to defer pay hike (Category: Breaking News)
- Harsha s request to the Central Bank governor (Category: Breaking News)
- President calls Opposition Party Leaders for crucial meeting on IMF proposals (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public […]
- All praise for Lanka’s saviours! (Category: Breaking News)
- Shocking claim in House: Bandula reveals how sugar importers, their henchmen trapped Prez (Category: Breaking News)
- Herath: COPE dissolution must not hinder probe into economic crisis (Category: Breaking News)
- The fall of Pohottuwa govt. (Category: Breaking News)
Mikhail Sergeyevich Gorbachev who died last Tuesday was hardly known outside the Soviet Union when JR Jayewardene made himself Sri Lanka’s President in 1978. Seven years later, on March 11, 1985, Gorbachev would be become the General Secretary of the Soviet Communist Party. He was 54 years old and was the first leader of the […]
- The World After Mikhail Gorbachev & Sri Lanka After JR Jayewardene (Category: Breaking News)
- Gorbachev: The Mystery of Roads Taken & Not Taken (Category: Breaking News)
- Politics Devoid Of Doctrine Is Empty & Harmful In The Long-Run; Premadasa, RW & MR Are Examples (Category: Breaking News)
- A brave new world (Category: Breaking News)
[…]The post Lanka Adrift In Tempestuous Seas appeared first on Colombo Telegraph.
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
- Next Round: Ranil Versus The JVP (Category: Breaking News)
- A Meteor Shower Of Novel Terms (Category: Breaking News)
- Prospects For Global Capitalism: 2023 & After (Category: Breaking News)
[…]The post The World After Mikhail Gorbachev & Sri Lanka After JR Jayewardene appeared first on Colombo Telegraph.
- Gorbachev And Gotabaya (Category: Breaking News)
- 117th Birth Anniversary & Long Legacy Of JR Jayewardene (Category: Breaking News)
- Is The World, Hopelessly Divided Over Ukraine, Coming Together For Sri Lanka? (Category: Breaking News)
- Politics Devoid Of Doctrine Is Empty & Harmful In The Long-Run; Premadasa, RW & MR Are Examples (Category: Breaking News)
Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis, has returned to the country after seven weeks.The post Sri Lanka’s ousted president Gotabaya Rajapaksa returns home after fleeing appeared first on ONLANKA News :. Sri Lanka Latest Breaking N...
- Sri Lanka’s ruling party asks new president to help with ex-leader Rajapaksa’s return (Category: Breaking News)
- Gotabaya Rajapaksa will return to Sri Lanka (Category: Breaking News)
- Sri Lanka’s ousted president expected to go to Thailand (Category: Breaking News)
- Gotabaya Rajapaksa concludes holiday in Dubai and returns to Sri Lanka (Category: Breaking News)
By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch ‘Business Against Corruption’ Initiative” issued to the media after the two organisations […]
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Treasury bond scams: SJB drags Lotus Tower into ‘conflict’ as SLPP attacks ‘footnote’ gang (Category: Breaking News)
- Massive Corruption Scams Rock The Land Of The Mahatma (Category: Breaking News)
- Sri Lanka accelerates financial literacy drive amid scams (Category: Breaking News)
Sri Lanka is among the top 10 countries with the highest food price inflation. The latest World Bank assessment places Sri Lanka at number 5 among countries hardest hit by food price inflation. Lebanon is leading the list followed by Zimbabwe, Venezuela and Turkey. Iran, Argentina, Suriname, Ethiopia, and Moldova and behind Sri Lanka. The […]
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
- Emergency relief packages for children, mothers in Sri Lanka (Category: Breaking News)
Thursday 18th August 2022 Speculation is rife that former President Gotabaya Rajapaksa is planning to return to Sri Lanka. The question, however, is not whether he is coming, but what he is doing overseas. The anti-government protesters who engineered his ouster called upon him to ‘go home’; they did not ask him to flee the […]
- Dullas: Ranil making same mistakes as Gotabaya (Category: Breaking News)
- Gota to return on Saturday? (Category: Breaking News)
- President at beck and call of Rajapaksas – Sajith (Category: Breaking News)
- Kiriella alleges tax concessions granted to GR’s election funders (Category: Breaking News)
[…]The post Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 appeared first on Colombo Telegraph.
- Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean (Category: Breaking News)
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
[…]The post Purchasing Power Parity appeared first on Colombo Telegraph.
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Russian Presidential Election Results (Category: Breaking News)
- Next Round: Ranil Versus The JVP (Category: Breaking News)
- National Council’s Economic Stabilisation Report Is A Welcome Sign (Category: Breaking News)
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
- Why I Don’t Support The Aragalaya (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Saying No To Authoritarian Governance (Category: Breaking News)
Bangladesh has warned developing countries not to become like Sri Lanka by taking loans from China. Bangladesh’s Finance Minister AHM Mustafa Kamal has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global (BRI) inflation and slowing growth add to the strains on indebted emerging markets, […]
- Japan puts preconditions to support Sri Lanka’s debt issue (Category: Breaking News)
- Bangladesh expects Sri Lanka to repay $200 million by March 2023 (Category: Breaking News)
- Japan set to do its part over Sri Lanka debt woes – Finance Minister (Category: Breaking News)
- SL owes $ 15 b on foreign borrowings since 1997 (Category: Business)
President Gotabaya Rajapaksa’s two years in office – a period of unprecedented political turmoil, uncertainty and further deterioration of Parliament – should be thoroughly examined. In fact, the UNP, with the support of the then President Maithripala Sirisena, paved the way for Gotabaya Rajapaksa’s candidature, at the 2019 presidential election, by blocking Mahinda Rajapaksa’s path […...
- Sri Lanka’s foreign policy dilemma (Category: Breaking News)
- Destabilisation project: ACBC inquiry underway (Category: Breaking News)
- Shocking claim in House: Bandula reveals how sugar importers, their henchmen trapped Prez (Category: Breaking News)
- SC ruling on economic crisis: Parliament also responsible, says Foreign Minister (Category: Breaking News)
After the collapse of the Sri Lankan economy, attention has turned to the state of affairs in other South Asian countries such as Pakistan, Bhutan and Bangladesh. All three countries have either curtailed imports or are planning to do so, to salvage their fast-depleting foreign exchange reserves and avoid a Lanka-like forex crisis. While the […]
- Bangladesh secures loans of $4.7 billion from IMF (Category: Breaking News)
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- IMF agrees $4.5 billion Bangladesh support programme (Category: Breaking News)
- Emerging Donor (Category: Business)
India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India’s trade secretary said.The post India expects $8-$9 Billion bilateral trade with Russia, Sri Lanka in two months appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- India expects $8-$9 bn bilateral trade with Russia, Sri Lanka in two months (Category: Breaking News)
- Indo-Lanka trade booms in Delhi’s favour (Category: Breaking News)
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- India and Sri Lanka set eyes on clinching CEPA soon - Hindu (Category: Breaking News)
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Lanka awaiting assurances from India, China, says Central Bank Governor (Category: Breaking News)
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