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Sri Lanka thanked India for the assistance given to overcome the challenges the country faced during the economic crisis. At the invitation of the Speaker of the Lok Sabha of the Indian Parliament Om Birla, a 16-member multiparty delegation led by the Speaker of the Sri Lanka Parliament Mahinda Yapa Abeywardana visited India from […]
Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948.The post Sri Lanka sees forex reserves exceeding $4 billion after fresh funding appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The World Bank has released 250 million U.S. dollars as the second tranche of the Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), the international lender said in a statement on Wednesday (20). In June, the World Bank announced 500 million dollars for the RESET Development Policy Operation, which supports reforms that improve […]
The Global Tamil Forum (GTF) has denied claims it was having talks with the Government on a political solution for the Tamils. Issuing a statement, the GTF said that it is the elected Tamil leaders on the ground who should undertake it at the appropriate time. “By fostering more understanding between religious and ethnic groups, […]
The United Nations (UN) recalled the lessons it learnt from the war in Sri Lanka where it was accused of failing to prevent the deaths of thousands of civilians. UNICEF Spokesperson James Elder told reporters in Geneva that he learnt a lot when he was in Sri Lanka in 2007-2008. He recalled that the UN […]
Former President and Sri Lanka Podujana Peramuna (SLPP) leader Mahinda Rajapaksa has slammed the tax policies of President and United National Party (UNP) leader Ranil Wickremesinghe. The SLPP is part of Ranil Wickremesinghe’s Government but is expected to contest separately at the next elections. Issuing a statement, Rajapaksa said that around 40 professional associations and […]
In recognition of his commitment to inclusivity, Deshamanya BDR Suri Rajan, Chairman, Sun Match Company and Ashoka Group of Companies was felicitated with the inaugural ‘Champion of Diversity Award 2023’ organized by Women in Management (WIM) and International Finance Corporation (IFC) at a gala event held recently at the Taj Samudra Hotel. The award ceremony […]
Pintanna Holdings, a pioneer in the Sri Lankan Agarwood plantation sector, is making significant strides. The inauguration of the newly constructed multi-purpose building, equipped with modern technology at Pintanna Estate, coincided with the official unveiling of Pintanna’s commemorative cover launch. Additionally, the company has introduced its second Agarwood Investment Rewards to ...
Former President of Sri Lanka, Mahinda Rajapaksa stated that tax policy will become a major political issue in 2024 after the VAT increase in the 2024 budget.The post Sri Lanka’s former President says Tax policy will become a major political issue in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Reducing The Tax Burden appeared first on Colombo Telegraph.
In actual fact the foundation for the current economic chaos was laid under the Yahapalana rule when they borrowed as much as USD 12 billion from the international bond market, at high interest rates, with them not even undertaking any developmental works, like the Rajapaksas, or, for that matter, any worthwhile economic activity. We certainly […]
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
The first batch of Sri Lankan workers have been sent to Israel despite the ongoing bloody conflict. The Government said that the first group selected for jobs in the agricultural sector in Israel left from the Katunayake Airport for Israel last night (18). Thirty people were included in this group, and another group of twenty […]
[…]The post Champika Ranawaka’s Journey To Presidency: Forging His Own Path appeared first on Colombo Telegraph.
[…]The post Sri Lankan Media Miserably Failed To Cover Israeli Genocide In Gaza appeared first on Colombo Telegraph.
Fee for the processing of national identity card (NIC) photographs in Sri Lanka has been increased to Rs. 400.The post Sri Lanka’s National Identity Card (NIC) photo processing fee increased appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka’s State Minister for Technology, Kanaka Herath has articulated his commitment to implementing a steadfast digital economic policy that remains consistent across government transitions.The post Sri Lanka’s Technology Minister says Digital Economic Policies will remain unaltered when Governments change appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Civil Society Initiative on Anti-Corruption Reform for Economic Recovery, comprising Transparency International Sri Lanka (TISL), Verité Research, the Centre for Policy Alternatives (CPA), Sarvodaya, People’s Action for Free and Fair Elections (PAFFREL) and the National Peace Council (NPC) (the CSI Core Group) has reiterateed its view that governance and anti-corruption priorities that have be...
By Ifham Nizam The Sri Lankan government might be thinking of Singapore’s Temasek Holdings’ model on State Owned Enterprises (SOE), when it comes to listing individual companies or pooling companies in the future, a stock market expert said. Responding to queries at an Awareness Session on Regulatory Initiatives, New Products, and Sustainability Initiatives, recently at […]
[…]The post Don’t Disregard The Less Privileged appeared first on Colombo Telegraph.
Sri Lanka’s largest private sector bank, the Commercial Bank of Ceylon PLC was recently issued an Authorised Person (AP) license to offer offshore banking services within the Colombo Port City, the 269-hectare special economic zone (SEZ), tasked with establishing a premier multi-currency international business and financial services hub that will transform the country’s economic landscape. […...
South Asian pop music sensation – Yohani, bagged top honors in the categories of “Most Popular Music Video” and “Most Viewed Music Video of 2021” at the TV Derana Music Video Awards held recently. The win comes on the back of the launch of Yohani’s debut album – “Kella,” which was released on all […]
[…]The post It Is The Society, More Than Polity That Is Responsible For Sri Lanka’s Predicaments appeared first on Colombo Telegraph.
The Board of Control for Cricket in India (BCCI) has decided that the official window for the Indian Premier League (IPL) will be from March 22 till the end of May. Finalizing the exact dates is pending due to the upcoming general elections in the country next summer, with the schedule contingent on the election […]
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program and cautioned against engaging in rhetoric merely for public appeasement without shouldering responsibilities.
The Urban Development and Housing Ministry has launched an investigation into the housing projects conducted by Samagi Jana Balawegaya (SJB) leader Sajith Premadasa during his tenure as the Housing Minister of the Yahapalana government (2015-2019). Alleging that the then Deputy Leader of the UNP had distributed housing loans, etc., in violation of proper procedures, Urban […]
Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the expansion of its 5G roaming network, now encompassing an impressive 50+ countries through collaboration with over 100 esteemed partners. This development empowers Dialog customers equipped with 5G-compatible devices to experience blazing-fast data speeds...
A number of Tamil political parties and organisations have condemned the GTF (Global Tamil Forum)-led initiative aimed at promoting post-war national reconciliation though the US has welcomed it. Tamil civil society groups consisting of university students, families of the disappeared, religious groups, labour unions, academics, women groups et al jointly rejected the ‘Himalaya Declaration’ by [&#...
[…]The post Lending In A Recession: Banks Should Do Venture Capital Financing For Startups appeared first on Colombo Telegraph.