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Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Sri Lanka – Nation Building, Devolution & The 13th Amendment – Part VI appeared first on Colombo Telegraph.
Rear Admiral Sarath Weerasekera, MP, has drawn the attention of President Ranil Wickremesinghe to the humiliation caused by travel restrictions imposed on senior serving and retired military officers and two former Presidents by the US, Australia and Canada. In a letter dated 25 Oct., the former Public Security Minister has pointed out to the President […]
by Eng Parakrama Jayasinghe parajayasinghe@gmail.com Electricity consumers reeling from the massive increase in tariff in February (adjusted somewhat in July 2023) were naturally appalled by the request for a further increase by the Ceylon Electricity Board (CEB). A public consultation was held on 18 October 2023 by the Public Utilities Commission of Sri Lanka (PUCSL) […]
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
[…]The post The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems appeared first on Colombo Telegraph.
Analysts have condemned the politicizing of China’s legal scientific activity in the Indian Ocean after some Indian media made sensational claims about an oceangoing geophysical research ship from China that docked at a port in Sri Lanka, adding that the claims merely serve India’s regional strategy. The oceangoing geophysical research ship Shiyan 6 reportedly docked […]
[…]The post Sri Lankan Tamils & Palestinians: International Justice In The Dark? appeared first on Colombo Telegraph.
Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]
[…]The post Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth appeared first on Colombo Telegraph.
By Chandre Dharmawardana chandre.dharma@yahoo.ca According to newspaper reports (The Island 16 October [1]), an NGO carrying the acronym MONLAR has accused that “the agricultural policies of successive governments have rendered millions of Lankans insecure”. It claims that “as of today, 5.3 million people in Sri Lanka are food insecure. This proves that what the government [̷...
Sagala Ratnayaka, Senior Adviser on National Security to the President and Chief of the Presidential Staff, announced the forthcoming establishment of an ‘Anti-Narcotic Command’ to combat the influx of drugs from foreign nations into Sri Lanka.The post Sri Lanka to establish Anti-Narcotic Command to curb drug influx appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Senior Adviser on National Security to the President and Chief of the Presidential Staff Sagala Ratnayaka, announced that an ‘Anti-Narcotic Command’ will be established to combat the influx of drugs from foreign nations into Sri Lanka and that the required legislation is being drafted and will be presented to parliament soon. This initiative will empower […]
By Lynn Ockersz Japan has identified South Asia as a key region for the extension of its cooperation in disaster prevention. As a matter of policy, Japan is in the process of strengthening the disaster prevention and response capabilities of countries vulnerable to natural disasters all over the world, Komura Masahiro, Parliamentary Vice Minister for […]
Indian cricket legend Bishan Singh Bedi has died aged 77 after a prolonged illness. He was battling age-related illnesses and had undergone a few surgeries in recent years. Bedi, regarded as one of the world’s finest ever spin bowlers, captained India in 22 of his 67 Tests and took 266 wickets. He made his debut […]
[…]The post Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality appeared first on Colombo Telegraph.
By N Sathiya Moorthy By seeking to escalate the long-term fishers’ issue at a time the two nations are resuming the forgotten ferry service after four decades, Sri Lanka’s Fisheries Minister Douglas Devananada may be torpedoing the larger connectivity project of his President, Ranil Wickremesinghe. The minister’s reiteration of an earlier demand for an UN […]
[…]The post The Cauldrons We Make appeared first on Colombo Telegraph.
By Sanjeewa Jayaweera The English cricketer Moeen Ali, who incidentally is also the vice-captain of the team, posted on his Instagram page a thought-provoking quote: “If you are not careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing”. The quote is attributed […]
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has informed the Chinese leadership about its interest to enter into a Free Trade Agreement (FTA) with China. Chinese Vice Premier Ding Xuexiang expressed profound gratitude for Sri Lanka’s enduring support through the historic Rubber-Rice Agreement with the People’s Republic of China. He emphasized that the Chinese people will always remember this gesture […]
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...
Maria Fernanda Garza, the Chair, of the International Chamber of Commerce (ICC), arrived in Sri Lanka today. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Her first visit to Sri Lanka will encompass meetings with business and government leaders. Greeting her […]
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it’s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to junior Finance Minister Shehan Semasinghe.The post Sri Lanka Close to IMF Agreement, Is Weighing Bondholder Terms, Semasinghe Says appeared first on ONLANKA - Sri Lanka Latest Brea...