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"We need to bounce back and bounce back fast,” said Cooray.
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
The United Kingdom (UK) says it recognises the economic challenges that Sri Lanka is facing. UK Foreign Office Minister Vicky Ford said the UK is closely monitoring the economic situation in Sri Lanka, including foreign exchange data reported by Central Bank of Sri Lanka and Sri Lankan authorities. In a written response to the UK […]
Ceyline Travels, the travel arm of diversified marine services company Ceyline Group, is proudly representing Sri Lanka in the global travel and tourism arena by entering the International Travel Awards. The International Travel Awards is one of the most prestigious award ceremonies in the world that rewards businesses within travel, tourism, and hospitality industries worldwide. […]
At least one minister said to travel to Russia
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
Minister of Tourism and Lands, Harin Fernando assured that Sri Lanka is safe for tourists to visit. Speaking to travel agents in France, the Minister said that Sri Lanka is swiftly addressing all issues of concern with the assistance of its friends in the international community. A meeting between Fernando and the Travel Agents of […]
Phase 01 to go live on June 21
[…]The post Lanka’s Quest For Stability appeared first on Colombo Telegraph.
The US Government announced a third tranche of new funding today totalling $5.75 million to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka. This humanitarian assistance, totalling $5.75 million, will provide cash assistance, short-term jobs, and agriculture supplies such as seeds directly to crisis-affected people to meet their […]
Sri Lanka has informed the UN High Commissioner for Human Rights Michelle Bachelet that an invitation to undertake an official visit to Sri Lanka extended previously, still stands. Minister of Foreign Affairs Prof. G.L. Peiris met the High Commissioner as well as the Secretary General of the International Federation of the Red Cross and the […]
Passenger transport, goods transport hit
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
“I invite anyone from the Aragalaya to take my place,” he said.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
Sri Lanka has identified India as an important source market for tourism, the Sri Lanka Tourism Promotion Bureau said. The interest for exploring new places, the rise in purchasing power, availability of direct and low fare international flights are the key drivers for the growth of the Indian travel segment. Sri Lanka plays a crucial […]
[…]The post Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
[…]The post Could A ‘National Government’ Resolve The Crisis? appeared first on Colombo Telegraph.
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
To put people first, the Indian government is not leaving any stone unturned. From upgrading the farm sector to bringing in the digital revolution, it is touching upon every aspect of life. It is creating more opportunities for the youngsters. The young generation of India is the future leader and nation builder of the country. […]
Delays is fiscal reforms can reduce the recovery rate
Inflation is projected to remain elevated in the coming months before moderating thereafter, the Central Bank of Sri Lanka said today. The bank said that headline inflation is projected to remain escalated in the near term on account of domestic supply shortages, increased global commodity prices, the effects of the large depreciation of the Sri […]