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Australian Government-funded Skills for Inclusive Growth Program (S4IG), managed by Palladium International Group entered into an MoU with Cinnamon Hotel Management Ltd (CHML) to achieve several strategic results in Colombo recently. S4IG is a programme by the Department of Foreign Affairs and Trade (DFAT) in accordance with the terms of a subsidiary agreement signed on […]
The tourist arrivals to the country for the first 20 days of November totalled 37,490, resulting in the total number of international visitors entering the country crossing the 600,000 mark.The post Tourist arrivals to Sri Lanka cross 600,000 mark appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post What Is To Be Done? – Anura Kumara Dissanayake appeared first on Colombo Telegraph.
The cruise ships are set to arrive at the Hambantota International Port (HIP) during the season, bringing with them over 2000 passengers. Johnson Liu, CEO of the Hambantota International Port Group (HIPG) said that the arrival of the ships will be a great boost for the tourist economy of the southern part of the country. […]
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s gross official reserves were estimated at US dollars 1.7 billion as of end October 2022, including the swap facility from the People’s Bank of China, equivalent to around US dollars 1.4 billion, which has certain conditionalities on usability, the Central Bank of Sri Lanka said today. The Central Bank said that the merchandise […]
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
Sri Lanka briefed the European Parliament on discussions to establish a suitable Truth and Reconciliation Commission (TRC) model. A multi-party delegation from the Parliament of Sri Lanka and the Delegation for relations with the countries of South Asia in the European Parliament (DSAS) conducted a productive virtual dialogue, the Foreign Ministry said today. The respective […]
The Overall rate of inflation as measured by the National Consumer Price Index (NCPI) on a Year-On-Year basis was 70.6% in October 2022, compared to 73.7% in September 2022.The post Sri Lanka’s inflation slows down to 70.6% in October 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
KANGAR, Perlis –Former prime minister Mahathir Mohamad lost his seat in Parliament after residents of Langkawi on Saturday voted to put Perikatan Nasional (PN) in control of the island constituency.It is the 97-year-old’s first defeat in Malaysia’s parliamentary elections since he lost in 1969. The Langkawi seat was won by Datuk Suhaimi Abdullah from PN, […]
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate anovel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka. According to this arrangement, beneficiaries in Sri Lanka, especiallyservice providers, exporters etc. will be able to receive fundsquickly and cost effectively. [...
Former Malaysian Prime Minister Mahathir Mohamad lost his seat in Parliament for the first time since 1969. Mahathir Mohamad lost his seat in Parliament after residents of Langkawi on Saturday voted to put Perikatan Nasional (PN) in control of the island constituency. It is the 97-year-old’s first defeat in Malaysia’s parliamentary elections since he lost […]
Sri Lanka is to promote white water rafting and other adventure sports in the country. President Ranil Wickremesinghe, in his budget speech, said that various new programs have been introduced in several countries to attract tourists. However, he said there is a lack of approach to develop maritime tourism considering advantages of the location of […]
Sri Lanka unveils a budget on Monday attempting to put the South Asian government's finances in order, with reforms to advance a $2.9 global billion bailout from the island's worst financial crisis since independence in 1948.The post Sri Lanka budget to seek recovery for crisis-hit economy appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Amal Jayasinghe Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an IMF bailout of the bankrupt country, with the country’s airline top of the list for reform.With nearly 6,000 staff, SriLankan Airlines is the biggest and most expensive of the cash-haemorrhaging, sclerotic […]
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
Edelweiss/Swiss International Air Lines, a member of the Lufthansa Group, resumed direct nonstop flights from Switzerland to Sri Lanka today. The inaugural flight from Zurich to Colombo, LX 8068, arrived in Sri Lanka with 125 passengers. The passengers were warmly welcomed by a traditional Kandyan dance performance and presented with tea gift packs sponsored by […]
Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an IMF bailout of the bankrupt country, with the country's airline top of the list for reform.The post Turbulence ahead: Airline on the block in Sri Lanka reforms appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Tourism Minister Harin Fernando appealed to international travellers to add Sri Lanka to their travel wish list, assuring tourists are cushioned from the economic shocks the country is undergoing, and that they will be well looked after.The post Hospitality doesn’t die just because inflation is high – Harin appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...
[…]The post Legitimate Demands Of Protestors Need To Me Met appeared first on Colombo Telegraph.
by Jehan Perera The mass protest in Colombo by a large collective of trade unions, student movements, opposition political parties and social activists failed to make an impact. The government had made its own preparations which were more cohesive than those of the protesting groups. They were met with a mobilization of police forces who […]
By introducing innovative Made in India defence items, India has surmounted yet another technological challenge in the global defence industry. PM Narendra Modi inaugurated DefExpo 2022, which showcased the prowess of the Indian defence industry and was held in Gandhinagar, Gujarat, from October 19 to 22. At this exhibition of Indian defence technology, a three-member […]
At least 5.7 million people (26% of the population) in Sri Lanka require humanitarian assistance at the moment, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) says.The post At least 5.7 Million people in Sri Lanka require humanitarian assistance – UN agency appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Police have warned that it will crackdown on the mass protest scheduled to be staged in Colombo today (Wednesday). According to reports, the Police have issued letters to the protest leaders today saying they have not been given permission to go ahead with the protest. The protesters are expected to stage a walk and […]
Several Business Chambers in a joint statement noted with concern that some organizations have called for mass protests on 2nd November. While recognizing their freedom of speech and right to express views, the Chambers requested all parties to call off protests of this nature that could undermine the efforts being taken to resolve the current […]
The fifth edition of Race The Pearl, a 24-hour race that covers the entire length of 600 kilometres of Sri Lanka from top to bottom, will take place on the 5th of November, 2022. Setting off from Point Pedro to Dondra Head. Race The Pearl will see ten cyclists – one from the United States […]
Prime Minister Dinesh Gunawardena states that the direct contribution of governors and provincial council officers and former public representatives is essential for the success of the rural economic revival and food security programme.The post We should go beyond the traditional systems to earn more foreign income – Prime Minister appeared first on Sri Lanka News - Latest Breaking News in S...
A new “wellness village” hospital is to be constructed adjacent to the Biyagama Hospital. A discussion on the acquisition of land for the construction of the new hospital was held at the Presidential Secretariat under the patronage of Presidential Adviser on Climate Change, Ruwan Wijewardene. Based on a concept of President Ranil Wickremesinghe, the wellness […]
Rex Clementine in Sydney Imagine the International Cricket Council or Cricket Australia saying to the Sri Lankan captain you can play two games of the World Cup at one venue and you can even chose that venue. A number of skippers from Arju to the incumbent would opt for Sydney Cricket Ground. Not because Sydney […]
[…]The post How Lanka Can Benefit From A Global Recession appeared first on Colombo Telegraph.