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Nearly 2,000 public sector employees have opted to obtain extended leave for a five-year period to travel overseas for employment.The post Some 2,000 state employees went abroad on five-year no-pay leave appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
By NESHELLA PERERA Millions of less affluent Sri Lankans works in the Middle East are sending money home to keep the economy afloat while the more educated who hold higher post in developed countries keep money stashed elsewhere, Labour Minister Manusha Nanayakkara said. “The most amount of foreign exchange generated for Sri Lanka comes from the […]
[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
[…]The post Are We Leading From Behind? appeared first on Colombo Telegraph.
Foreign Affairs Minister Ali Sabry is slated to leave for Incheon, South Korea to attend the 56th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB). MORE.
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
Wednesday 26th April, 2023 Former Minister of Justice and Constitutional Affairs Prof. G. L. Peiris, MP, has faulted the IMF for paying scant attention to the high incidence of corruption in Sri Lanka. He has struck a responsive chord with the public. When the current dispensation stopped dilly-dallying and asked for IMF assistance, many Sri […]
Sri Lanka is caught up in the China-Quad battle. The Indian participation in the ‘Quad’ project has further complicated matters for Sri Lanka. President Gotabaya Rajapaksa’s ouster, last July, following a US-backed protest campaign that overwhelmed the seemingly invincible administration, underlines the urgent need for a thorough examination of external interventions. By Shamindra Ferdinando The [...
Indian tourists visiting Sri Lanka will be able to pay for transactions in Indian Rupees (INR), the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe said. Delivering a special address in the Webinar on ‘Economic Scenario of Sri Lanka: Current Status and Way Ahead’, organized by Federation of Indian Chambers of Commerce and […]
By Jehan Perera Slowly but surely the ruling party is beginning to reassert itself. An indication is the removal of Prof G L Peiris from the chairmanship of the ruling party. In the aftermath of the economic collapse last year he has been one of the few members from the SLPP to have adopted a […]
[…]The post The Magic 2048: What Is To Be Done To Make Ranilnomics A Reality? appeared first on Colombo Telegraph.
[…]The post IMF, ATA & RW’s Consolidation appeared first on Colombo Telegraph.
[…]The post The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI appeared first on Colombo Telegraph.
[…]The post Is State Owned Temasek A Useful Concept For Sri Lanka? appeared first on Colombo Telegraph.
Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday.The post Sri Lanka consumer inflation dips to 49.2% year-on-year in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Labour and Foreign Employment Minister Manusha Nanayakkara on Wednesday said Sri Lanka had been able to secure lucrative employment opportunities in several countries for skilled workers. Among them were caregiver jobs in Japan and Europe, hospitality industry jobs in England, Canada, Australia and Construction industry jobs in the Middle East, he said. The Minister said […]
Friday 21st April, 2023 Parliament is going to debate the government’s agreement with the IMF, which has approved USD 3 billion for Sri Lanka under the Extended Fund Facility Arrangement. The debate is scheduled to take place from 26 to 28 April, we are told. Public finance is the province of Parliament, which should scrutinise the […]
Economists sharply cut Sri Lanka’s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.The post Sri Lanka GDP outlook slashed as economy struggles to recover – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
Economists sharply cut Sri Lanka s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.
…and move to license poaching in northern waters The Sectoral Committee on International Relations should examine the highly contentious proposal to regulate Indian poaching in Sri Lankan waters. Talks are continuing on the setting up of a licensing system to address a long standing problem. The intensity of poaching has only increased since the conclusion […]
[…]The post Four Popular Fallacies Relating To Central Banking appeared first on Colombo Telegraph.
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
By Easwaran Rutnam China has called on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring based on fair burden-sharing. Responding to a question posed at a regular press briefing, Chinese Foreign Ministry Spokesperson Wang Wenbin said that the Export-Import Bank of China, as the official bilateral creditor, has stated clearly in its […]
IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]
Sri Lanka expects China to support its effort to restructure debts and help it begin repaying its obligations, according to the nation’s central bank governor.The post China will support Sri Lanka’s debt rework, says CBSL governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Japan, India and France are scheduled to hold a press briefing on Thursday (13 April) to announce the launch of the debt restructuring negotiation process on Sri Lanka.The post Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...
Bill titled ‘Central Bank of Sri Lanka’: By Shamindra Ferdinando Speaker Mahinda Yapa Abeywardena made the following announcement immediately after the opening of Parliament on April 04, 2023. The Speaker declared: “I wish to make an announcement in respect of the Bill titled ‘Central Bank of Sri Lanka.’ The court has determined that none of […]