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India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world's largest sovereign creditor, to take a large haircut on loans.The post Exclusive: G20 host India to propose China, other creditors take haircuts on loans – sources appeared first on Sri Lanka News - Latest Bre...
A leading transport service in Lithuania plans to recruit 600 truck drivers for its trans-Europe services and sought Prime Minister Dinesh Gunawardena’s intervention for a speedy training process for selected drivers. This request was made by Dana Janerikaite, Senior Director of Manvesta in Lithuania, who called on Prime Minister Gunawardena at Temple Trees on February […]
Sri Lanka Police have arrested 7 suspects who were involved in stealing an ATM machine from a private bank in the Gampola area.The post Seven suspects involved in Gampola ATM machine robbery arrested appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Hiran H. Senewiratne Sri Lanka does not have a proper port management system and this drawback causes tremendous delays when dealing with documentation. It will not serve the purpose even if the government expands port operations, Minister of Ports, Shipping and Aviation Nimal Siripala de Silva said. “The government should not regulate the shipping […]
[…]The post Privatisation Of Public Assets Under Neoliberal Corporate Capitalism: Modern Evil appeared first on Colombo Telegraph.
Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday, confirming an earlier Reuters report.The post China, U.S. to participate in first meeting of new debt roundtable on February 17 appeared first on Sri Lanka News - Latest Breaking News in Sri La...
Sri Lanka is to attend a virtual meeting of a new sovereign debt roundtable meeting led by the International Monetary Fund (IMF) the World Bank and India. Officials from China, India, Saudi Arabia and Group of Seven wealthy nations will participate in the meeting on Friday, Reuters reported. The roundtable will include officials from countries […]
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines, and a depleted foreign exchange reserve insufficient […]
By N Sathiya Moorthy Why blame the politicos alone when almost all independent institutions under the Constitution are confused and are confusing the rest? Though claimed not to be linked to the decision to hold nation-wide Local Government (LG) elections, now notified for 9 March, the resignation of one of the commissioners, Mrs P S […]
Sri Lanka’s external reserves surpassed two billion dollars in January, reflecting gradual improvement in the foreign exchange conditions in the domestic market which was made possible due to a slew of tightening measures and also due to the acceleration in the foreign currency inflows, recently.The post January foreign reserves end up above US$ 2 Billion, first time in about a year appeared first...
[…]The post Lalith Hettiarachchi: A Strong Institution Onto Himself appeared first on Colombo Telegraph.
[…]The post Tax! Tax!! Tax!!! appeared first on Colombo Telegraph.
Expatriate Workers’ remittances directed through official channels in the month of January stood at USD 437.5 million, Minister of Labour and Foreign Employment Manusha Nanayakkara said.The post Expatriate Workers’ remittances in January stood at USD 437 Million – Manusha appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka Podujana Party (SLPP) MP Nimal Lanza challenged National People’s Power (NPP) leader MP Anura Dissanayake to appear for a public debate on the economic plan to revive the country.The post Nimal Lanza challenges Anura Dissanayake for debate on Economy appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The International Monetary Fund said its approval of the $2.9 billion loan bailout of the crisis-riddled Sri Lanka will depend on the country securing assurances on debt relief from its bilateral creditors, Bloomberg reported yesterday Bloomberg quoted an IMF spokesperson who said “Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances […]
[…]The post If The Speaker Had Become The President, The Economic Crisis Might Have Been Eased By Now appeared first on Colombo Telegraph.
[…]The post Did Faulty Constitution Bring Misery? – Undermining The State Is The Game appeared first on Colombo Telegraph.
Power and Energy Minister Kanchana Wijesekera said that the main reason for the current electricity crisis is the non-construction of power plants as per the National Power Generation Plan after the construction of Norochcholai Coal Power Plant in 2014.The post Non-construction of power plants main reason for electricity crisis – Kanchana appeared first on Sri Lanka News - Latest Breaking Ne...
The International Monetary Fund said its approval for a $2.9 billion loan to bail out crisis-riddled Sri Lanka will depend on the island nation securing assurances on debt relief from its bilateral creditors.The post IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Singappuli Arachchige Karunaratne had his school education at the St. John Bosco College in Hanwella and Dharmapala Vidyalaya, Pannipitiya. He was among the top performers at the GCE (Ordinary Level) examination of 1956; and graduated with a BSc Engineering degree from the Department of Civil Engineering at the Faculty of Engineering in the Peradeniya Campus […]
By Ifham Nizam Environmental scientists and social activists are expressing concern about the engagement of Adani Green Energy in developing wind power in Sri Lanka. In answer to a question raised by The Island at a recent symposium, ‘Discussion on Setting the Policy Direction for South Asia in Energy Sustainability’ Environmental Scientist Hemantha Withanage said […]
The Central Bank of Sri Lanka (CBSL) has urged all persons to be vigilant of the security of the details of their bank cards, owing to the recent rise in financial scams.
Only the Samagi Jana Balawegaya (SJB) can solve the issues faced by the people, opposition leader Sajith Premadasa said yesterday (February 08) addressing a rally at Gelioya.The post SJB says it is the only party that can solve issues faced by people appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Reforms to be introduced to end ‘media abuses’ President Ranil Wickremesinghe yesterday said that the government was not in a position to lower the taxes. Delivering his second government policy statement to inaugurate the Fourth session of the Ninth Parliament, the President said: “Some people say that the primary taxable income should be raised from […]
Thursday 9th February, 2023 President Ranil Wickremesinghe, who presented his government’s policy statement in Parliament, yesterday, sounded like a seasoned insurance sales agent with glib phrases rolling off his experienced tongue; he sought to scare the public and infuse them with hope, at the same time, to sell his policies. The knee-jerk reaction of the […]
Sri Lanka's economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic crisis by 2026, the president said on Wednesday, as hundreds protested a recent rise in taxes amid high inflation.The post Sri Lanka flags return to growth, protesters demand tax cuts appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...
The Court of Appeal has reserved the order on whether to take up for hearing the writ application filed by the Public Utilities Commission of Sri Lanka (PUCSL) seeking to prevent the imposing of power cuts during the 2022 GCE Advanced Level examination to 10 February.
Sri Lanka President Ranil Wickremesinghe ceremonially declared open the fourth session of the ninth Parliament and delivered the Government Policy Statement today (February 08).The post Sri Lanka President delivers Government’s policy statement in Parliament appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post President Ranil Wickremesinghe’s Policy Statement – Full Text appeared first on Colombo Telegraph.
President Ranil Wickremesinghe told Parliament today that he will continue with his unpopular decisions. Making his throne speech, Wickremesinghe said that he is not here to be popular. He said that the unpopular decisions he takes will have positive results in the years to come. The President said that Sri Lanka expects to recover from […]