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H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Remote-Control Economy (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
- Ella Tourism Zone will be developed under a grand plan – President (Category: Breaking News)
- Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities (Category: Breaking News)
- President reveals plans to elevate Arugam Bay into high-income tourist hub (Category: Breaking News)
- Sri Lanka President visits Tangalle and Galle to assess revival of tourism in South Coast (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
The demand for imports in Sri Lanka continues to remain subdued, although a significant share of import restrictions has already been relaxed, the Central Bank of Sri Lanka said. The Central Bank said that the tight financial conditions was the cause for the subdued demand for imports in Sri Lanka. “Although a significant share of […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Central Bank of Sri Lanka decides to maintain policy rates (Category: Breaking News)
- Central Bank decides to continue with tight monetary policy (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
[…]The post Naked King & The Crumbling State: Seven Decades Of Fake Saviours appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place (Category: Breaking News)
- True Meritocracy Not The Sham Of All Party Mediocracy (Category: Breaking News)
- Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray (Category: Breaking News)
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
- Coca-Cola’s Christmas Spirit – Your Festive Sip Comes with Gifts! (Category: Breaking News)
- Coca-Cola appoints Kaushali Kusumapala as Country Director for Sri Lanka and Maldives (Category: Breaking News)
- Coca-Cola’s free tumbler with every 1.5L and 2L Coke or Sprite PET bottle (Category: Breaking News)
- Coca-Cola and the art of embracing local flavors: A journey through Sri Lankan cuisine (Category: Breaking News)
International Chamber of Commerce Sri Lanka (ICC Sri Lanka) hosted its third annual Arbitration Conference on August 3rd, 2023, at the Galadari Hotel in Colombo. The International Chamber of Commerce (ICC Paris) is celebrating 100 years of the ICC International Court of Arbitration this year. Since the inception of the ICC Court in 1923, they […]
- Chair of the International Chamber of Commerce arrives in Sri Lanka (Category: Breaking News)
- Maria Fernanda Garza, Chair of the International Chamber of Commerce (ICC), to Visit Sri Lanka (Category: Breaking News)
- Sri Lanka notes importance of IHL in post-conflict situations (Category: Breaking News)
- ICC Sri Lanka Celebrates the Most Admired Companies of 2022 (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
[…]The post Change Flight From Stability With Stagnancy appeared first on Colombo Telegraph.
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
- Preparing The Ground For Early Elections (Category: Breaking News)
- New Mandates Before New Amendments (Category: Breaking News)
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
Sri Lanka has finally started paying back the $200 million it took from Bangladesh in a currency swap agreement in August 2021, more than a year and a half later than the original agreed date. On August 17, Sri Lanka sent $50 million to Bangladesh, which is the first instalment of the payment, according to Md Mezbaul […]
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Sri Lanka pays off $200m loan from Bangladesh with $4.5m interest (Category: Breaking News)
- Bangladesh gives Sri Lanka 6 more months to repay $200m loan (Category: Breaking News)
By Jehan Perera The situation in the country, particularly with regard to the economy and politics, can be described as stable but stagnant. The economy is stable in that it has not experienced further collapse in comparison to the kind witnessed last year when international bankruptcy was admitted. But the economy still continues to contract, […]
- Electionsand economy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Supreme court nudges govt., to democracy (Category: Breaking News)
- Electoral process also an essential service (Category: Breaking News)
Monday 21st August, 2023 Much is being talked about ‘pyramids’ and ‘islands’, of all things, these days. Another pyramid scheme has reportedly collapsed, and those who have lost their money are letting out howls of protests via social media. The Central Bank, from time to time, issues severe warnings to the public about such frauds, […]
- Blight of black money (Category: Breaking News)
- Choosing poison (Category: Breaking News)
- Aiyo, Aragalaya! (Category: Breaking News)
- Guns in closets (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe highlighted that the tourism industry stands as the paramount sector capable of swiftly advancing the country’s economic objectives.The post Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- President moots ‘Greater Yala’ concept to boost tourism (Category: Breaking News)
- Two million tourists and a revenue of US $ 06 billion expected in 2024 – Minister of State for T... (Category: Breaking News)
- Sri Lanka to target 5 million tourist arrivals a year (Category: Breaking News)
President Ranil Wickremesinghe has mooted the ‘Greater Yala’ concept which will promote Yala and areas around it. Speaking after inaugurating the Hilton Yala Resort, the President said that Yala must be promoted as a unified tourist destination by incorporating nearby areas. “Why are you going to call these places Udawalawe, Kumana and all? These are […]
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- Sri Lanka to target 5 million tourist arrivals a year (Category: Breaking News)
- Singapore’s Prime Minister keen to deepen ties with Sri Lanka (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
Government authorities must consult vehicle importers when making decisions on relaxing an ongoing import ban, President of the Vehicle Importers’ Association Indika Sampath Merinchige said. Welcoming a recent announcement by the government that it will scrap an import ban on several types of commercial vehicles, Merinchige told reporters on Monday August 14 that the authorities […]
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Govt still lukewarm in allowing vehicle imports wary of balance of trade (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- More vehicles for MPs (Category: Breaking News)
[…]The post Bold Buddhists & Progressive Tamils Must Interface: A Second Trump Term Poses Intrinsic Dangers Everywhere appeared first on Colombo Telegraph.
- Is Trump Likely To Be The Next American President? (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
[…]The post Is Sri Lanka Ready For The Climate Conference? appeared first on Colombo Telegraph.
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
- An Oxygen Economy (Category: Breaking News)
- The Urgent & Critical Issues Related To Climate Change (Category: Breaking News)
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
Sri Lanka’s largest bilateral creditor, China, has assured the island nation its help in effectively addressing the debt challenges as it has to finalise the external and domestic debt restructuring of a whopping USD 41 billion by September before the IMF’s first review. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
There is considerable haggling in some local quarters on whether the concept of Non-alignment is of any relevance to Sri Lanka in particular and to the developing world in general. Going by some pronouncements in these sections the ideology of Non-alignment has seemingly ceased to be of importance to Sri Lanka as a basis of […]
- Resounding endorsement of pluralism (Category: Breaking News)
- Taxing challenge of strengthening IOR security (Category: Breaking News)
- Advisability of SL addressing India’s security concerns (Category: Breaking News)
- NAM means you can make independent decisions: Sabry (Category: Breaking News)
Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister said on Tuesday.The post Sri Lanka says China’s Sinopec to start operations September 20 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China s Sinopec to start operations in Sri Lanka in Sept. (Category: Breaking News)
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sinopec issues clarification on fuel station project in Sri Lanka (Category: Breaking News)
- Sinopec officially begins operations in Sri Lanka with Rs. 3 discount offer (Category: Breaking News)
Ghana majority leader has blamed Sri Lanka’s Central Bank for the economic crisis in the island. The Majority Leader in Ghana’s Parliament, Osei Kyei-Mensah Bonsu, said there is no part of the Constitution that mandates the Bank of Ghana to report all its activities and transactions directly to Parliament. He said the obligation of the […]
- Appropriation Bill for 2023 presented to Parliament (Category: Breaking News)
- President calls for meeting with opposition (Category: Breaking News)
- First tranche from IMF expected in first quarter of 2023 (Category: Breaking News)
- Government clueless on fate of SupremeSAT (Category: Breaking News)
Tuesday 15th August, 2023 The Professional Chef’s Association Sri Lanka (PCASL) made a fervent appeal over the weekend on behalf of everyone engaged in tourism. Pointing out that unfortunate instances abounded where foreign tourists faced exploitation at the hands of various persons, it stressed that the foreign guests helped boost the country’s economy and deserved […]
- Country attracts more than 800,000 tourists by 8 August (Category: Breaking News)
- 74,664 tourists arrive in Sri Lanka in first two weeks of Nov. (Category: Breaking News)
- Sri Lanka bans transport of tourists by three wheeler taxis not licensed by Tourism Authority (Category: Breaking News)
- Tourist arrivals top 1.4 mn by third week of December (Category: Breaking News)
[…]The post The Litany Of Tragedies That Is Sri Lanka appeared first on Colombo Telegraph.
- Lasantha’s 66th Birthday: Who Was Lasantha? (Category: Breaking News)
- Media Freedom In Sri Lanka; Why Are Journalists’ Murder Investigations Being Avoided? (Category: Breaking News)
- Conspiracy There Was, In Enthroning Gota; Not In Dethroning Him! (Category: Breaking News)
- Fearmongering & Spreading Rumors By Indian Intelligence In Sri Lanka (Category: Breaking News)
[…]The post Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off appeared first on Colombo Telegraph.
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy (Category: Breaking News)
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality (Category: Breaking News)
Hatton National Bank PLC continued its steady performance in Q2 2023, posting a 1H 2023 PBT of Rs 13.6 Bn, while 1H 2023 PAT stood at Rs 8.6 Bn, growing 56% YoY. Meanwhile, the Group made a consolidated PBT and PAT of Rs 15.2 Bn and Rs 9.8 Bn respectively. Commenting on the performance, Nihal […]
- SLT 1H operating profit up 15% to Rs. 3.36 b (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
- ODEL’s Profits grow during the 1H of 2011 (Category: Breaking News)
- NDB group records Rs. 1 b profit in 1H (Category: Business)
[…]The post IMF Economics & 13A Politics: Recipe For Unrest appeared first on Colombo Telegraph.
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- The Economy & Politics: A Reality Check (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
The Government of Sri Lanka is going to relax import restrictions imposed for lorries, trucks and buses used for public transport.The post Sri Lanka to relax import restrictions imposed on vehicles used for public transport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka to relax Import restrictions on 328 more items from tonight (Category: Breaking News)
- Sri Lanka decides to lift all import restrictions except vehicles from today (Category: Breaking News)
- Sri Lanka Government going to further relax import restrictions (Category: Breaking News)
- Sri Lanka Government to relax import restrictions on nearly 400 items (Category: Breaking News)
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