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The Parliament committee on High Posts has approved the appointment of new Foreign Secretary Aruni Wijewardane. Wijewardane has already assumed duties at the Foreign Ministry as the new Foreign Secretary. Secretary-General of Parliament Dhammika Dasanayake said the appointment of four Secretaries to Ministries, a Chairman to a State institution and an Ambassador have been approved […]
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 […]
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 […]
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 […]
South Africa and Sri Lanka have agreed to strengthen bilateral relations based on economic cooperation and investments. South African President Cyril Ramaphosa arrived in Sri Lanka for a short visit yesterday (16) after attending the G20 Summit. He met with President Ranil Wickremesinghe at the Katunayake Air Force base for discussions on bilateral issues. The […]
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 […]
Sri Lanka President Ranil Wickremesinghe told the Parliament on Thursday (November 10) Sri Lanka won’t have a major issue with food security during next year, hopefully.The post Sri Lanka won’t have a major issue with food security during next year – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
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 diversified blue-chip Aitken Spence PLC reported a profit before tax of Rs. 8.5 Bn for the six months ended 30th September 2022. This is an exponential quadruple-digit growth compared to Rs. 266.7 Mn recorded for the same period during the previous year. Aitken Spence PLC reached an EBITDA (Earnings inclusive of equity accounted investees […]
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 […]
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 […]
[…]The post The 22nd A (Now 21A) Could Lead To Another Constitutional Cum Political Crisis appeared first on Colombo Telegraph.
"With this agreement, Sri Lanka and the Netherlands will be able to start direct flights."
[…]The post How Lanka Can Benefit From A Global Recession appeared first on Colombo Telegraph.
Tourism Minister Harin Fernando says though the people are entertained by the clowns who do nothing but talk, the people will never give them the power. In a brief statement published on his social media, Fernando said that he couldn’t be happier of his decision to support the incumbent President Ranil Wickremesinghe at a time […]
Tourist zones are to be established and gazetted in Sri Lanka, Tourism Minister Harin Fernando said. Minister Fernando said that one of the main issues that are affecting the tourism industry is the lack of tourist zones. He said that after Bentota in 1980, there have not been any tourist zones declared in Sri Lanka. […]
President Ranil Wickremesinghe emphasized that immediate measures are being taken to create an investment-friendly environment in Sri Lanka and create economic stability. The President said this while addressing the gathering at the Mireka Tower Opening Ceremony at Havelock City in Wellawatte today (20). The President also said that laws that had been introduced under the […]
[…]The post Go Set A Watchman appeared first on Colombo Telegraph.
Former People’s Alliance lawmaker M. M. Zuhair, PC has said that Western powers will exploit an invitation to probe 2019 Easter Sunday attacks to delve into wartime accountability issues. The following is the text of the statement issued by one-time State Counsel close on the heels of the conclusion of the 51 session of the […]
The foolish decision of the former President to ban the import of inorganic fertilisers, and other agrochemicals, caused the downfall of our agricultural sector. It has negatively affected the food security of the country, resulting in thousands of people, including children, not getting sufficient food for their maintenance. This situation has forced the present government […]
Financial account flows are facing outward pressure