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Sri Lankan President Ranil Wickremesinghe said that the Free Trade Agreement would be revived and upgraded into a comprehensive economic and technological partnership.The post Sri Lanka to establish International Trade Office to deal with International Trade Negotiations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population is food insecure and that one out of […]
By Rathindra Kuruwita Those who claimed that privatisation was the panacea for Sri Lanka’s economic ills had to present information about privatise institutions first, Janatha Vimukthi Peramuna (JVP) leader Anura Kumara Dissanayake said on Wednesday at a conference on privatisation of state assets. Dissanayake said that the SLPP had campaigned in 2019 and 2020 on a […]
Shares have been on the rise mainly on positive sentiment after the IMF comments.
By Chaminda Silva The workers at Free Trade Zones (FTZ) was scheduled to resort to trade union action, demanding an allowance to match the rising cost of living, Convener of the National Centre for Free Trade Zone Workers, Gamini Ratnayake, said yesterday.There were148,000 workers in FTZs and their basic salary starts at Rs. 16,500, he […]
Market sees over 600 million rupees of net foreign inflow
We can make the Mannar Island like entertainment location like Macau island
By Hiran H.Senewiratne The government’s lethargy towards the gem and jewelry sector prevented more than US$ 1 billion in foreign exchange from coming into the country per year, a well-known gemologist said. “Currently Sri Lanka’s gem and jewelry export income is less than US$ 300 per year, which could be developed to a US $ […]
Arrivals down 20 percent in August compared to July.
[…]The post Adopting A Humanist Approach To Empower Youths For National Development appeared first on Colombo Telegraph.
Sri Lanka appointed over 30 new State Ministers today (September 08) at the President's Office in Colombo.The post Sri Lanka appoints 37 new State Ministers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public […]
Imports fall as financial account inflows dry up
Sri Lanka’s earnings from exports increased in July 2022, while import expenditure declined for the fifth consecutive month on a year-on-year basis, the Central Bank of Sri Lanka (CBSL) said.The post Sri Lanka’s export earnings grew by 12.9% from January – July: Central Bank of Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Health Ministry spends nearly 40% of the Ministry’s expenditure on medicines to purchase medicines for cancer patients, it was revealed at a meeting with the President.The post Health sector needs an urgent policy change – President appeared first on ONLANKA News :. Sri Lanka Latest Breaking News Updates - Sri Lanka News.
Sri Lanka’s High Commissioner in New Delhi, Milinda Moragoda, has declared that the preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka could receive $2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic recovery, but would provide the country and investors “confidence” to […]
Fears have been raised of patients reducing hospital visits owing to high drug prices. The concerns were raised during a meeting between the Government Medical Officers’ Association and President Ranil Wickremesinghe. The report of a three-member committee appointed by the Government Medical Officers’ Association to look into the shortage of drugs in the country was […]
[…]The post Sri Lanka’s First Firm Steps At Economic Reforms appeared first on Colombo Telegraph.
The Government of Sri Lanka and UNDP in Sri Lanka announced the launch of the Sri Lanka SDG Investor Map (the Map), a market intelligence tool that seeks to direct private capital where Sri Lanka’s Sustainable Development Goals (SDG) priorities, Government policy and market opportunity intersect, as the country seeks to rebuild its economy sustainably, […]
President Wickremesinghe through interim budget expects 2.5 million tourists in 2023.
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.The post Sri Lanka’s president to cut spending in interim budget appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
"This is a positive step and I am positive that the winter tourism season will perform well."
Tourism, vital cog, of economy in dire straits By Harischandra Gunaratna The emigration statistics revealed that at least 32% of tourism industry experts had left the country for foreign employment, and 32 Sri Lankans left for greener pastures every hour, since early this year due to the current economic downturn, said Dr. Harsha Jayasinghe, the […]
Huawei launched Asia Pacific Seeds for the Future 2022 in collaboration with ASEAN Foundation and Tourism Authority of Thailand (TAT). From August 19 to 27, the program will bring together 120 outstanding students from 16 countries including Thailand, Sri Lanka, Nepal, Bangladesh, Laos, Cambodia, Indonesia, Japan, Malaysia, Singapore, South Korea, Phillipines across the Asia Pacific […]
By Ifham Nizam Sri Lankan scientists, and their foreign colleagues, had discovered a new bat species, living in Sri Lanka and India. This bat is scientifically known as Miniopterus phillipsi, and Phillip’s long-fingered bat in English. The research team was led by young biologist, a PhD candidate of Ruhunu University, Tharaka Kusuminda, currently working at […]
The Indian Government is closely monitoring the Chinese “spy ship” currently berthed in Sri Lanka, India’s Union Minister of State for External Affairs V Muraleedharan said. He also asserted that the Indian Government will act at the proper time to protect national security. Speaking to reporters in Tiruchy, Muraleedharan who said the Government of India […]
[…]The post Is Sri Lanka Heading Towards The Myanmar Model Of Governance? appeared first on Colombo Telegraph.
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
by Dr. Gotabhaya Ranasinghe Sri Lanka is blessed with natural resources and scenic beauty. Famed for the hospitality of the friendly people, the country has a lot more to offer than just delicious food, comfortable lodgings, adventurous nature trails, and the green-blue seas.Sri Lanka is facing a grave financial crisis, of which the repercussions are […]