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[…]The post FDIs – BOIs & Exchange Crisis appeared first on Colombo Telegraph.
By Y P Prakash The current state of Sri Lanka evokes memories of India’s experience in the 1990s, although India was able to rectify the situation before it escalated to a critical level akin to a Bastille-like crisis. By 1991, India found itself on the brink of sovereign default. The Gulf War exacerbated the situation […]
Representing Sri Lanka at the 14th International Infrastructure Investment and Construction Forum (14th IIICF) Friday (02), Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva said that under the leadership of President Ranil Wickremesinghe, the government was dedicated to driving the digitalization initiative forward under name ‘DIGIECON 2030’, signifying a pivotal step towards [&#...
Maldives Foreign Minister Abdulla Shahid is to visit Sri Lanka this week to participate in the Fourth Session of the Joint Commission between Sri Lanka and the Maldives. The Fourth Session of the Joint Commission between Sri Lanka and the Maldives will be held from 06 to 07 June 2023 at the Ministry of Foreign Affairs […]
By Rose Kenny During his recent visit to Japan, President Ranil Wickremesinghe highlighted the country’s resolute tilt towards Asia, signalling a strategic shift in its foreign policy. Building on the government’s vision to elevate Asia as a global centre of economic integration, President Wickremesinghe’s address at the Nikkei Forum, Future of Asia, outlined his vision for the region. This inclin...
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
Sri Lanka has sought the assistance of Superstar Rajinikanth to boost tourism in the country. The Deputy High Commissioner of Sri Lanka Dr. D. Venkateshwaran met Padma Bhushan ‘Superstar’ Rajinikanth, a world renowned actor from South India, at his residence this week, the Foreign Ministry said today. During the meeting, the Deputy High Commissioner invited […]
Sri Lankans living overseas can apply for a new passport or renew their passport online from 01 June, the Parliament Sectoral Oversight Committee on International Relations was told. Officials of the Immigration and Emigration Department said this during the sectoral oversight committee on international relations held under the chairmanship MP Namal Rajapaksa. Officials pointed out […]
Ethiopia is keen to strengthen its bilateral relations with Sri Lanka, the President of Ethiopia, Sahle-Work Zewde said. The Ambassador of Sri Lanka to Ethiopia K.K. Theshantha Kumarasiri presented his credentials to President of Ethiopia Sahle-Work Zewde at the Presidential Palace in Addis Ababa, Ethiopia. Following the presentation of credentials, Ambassador Kumarasiri was received in […]
Vietnam wants to develop its bilateral relations with Sri Lanka more effectively, Vietnam’s Deputy Prime Minister Tran Luu Quang said. Tran Luu Quang met with President Ranil Wickremesinghe in Tokyo. Talking to the Sri Lankan leader, Deputy PM Tran Luu Quang, who is paying a working visit to Japan, affirmed that Vietnam consistently attaches importance […]
By Harischandra Gunaratna Chairman of the Institute of Hospitality, Dr. Harsha Jayasinghe on Tuesday said the brain drain in the country had not only led to a serious loss of talent but also hampered the industry’s ability to provide high-quality services and meet the demands of national and international visitors. Speaking at the 31st AGM […]
Israel’s President Isaac Herzog wants Sri Lanka to improve its record in voting for Israel in international forums. The newly appointed Ambassador Extraordinary and Plenipotentiary of Sri Lanka to the State of Israel Nimal Bandara presented his Credentials to President Isaac Herzog. The ceremonial event was held at the President’s Residence in Jerusalem, the Capital […]
The economic crisis has placed Sri Lanka among the 20 poorest countries in Asia. A report published on Insider Monkey noted that while Sri Lanka is classified as a developing country, it is currently facing an economic crisis characterized by the devaluation of its currency, increasing inflation, and a humanitarian emergency caused by a severe […]
Sri Lanka is among three South Asian governments that increased borrowing from domestic banks to finance their record debt, and, as a result, sovereign-bank nexus increased, heightening the financial sector’s vulnerability, according to a World Bank report. The other two countries are the Maldives and Pakistan, says a WB report, titled ‘A mixed bag for […]
Tourism is bouncing back after the Easter attack, Covid-19 pandemic and the aftermath of the economic stake holders are optimistic and working hard towards a better future.The General Manager of Shangri-la Hambantota Refhan Razeen welcomed 2023 with a positive note with much expectations this year. having overcome the challenges of the past years. We Sri […]
India and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions in order to strengthen their partnership through trade and investment-led measures. Recently, the High Commission of India organized a discussion in Colombo, on the use of the Indian Rupee for transactions between the two countries. Representatives from the Bank […]
A program to generate income for Sri Lanka through 'Health Tourism' is expected to be prepared, President’s Senior Adviser Sagala Ratnayaka said.The post Sri Lanka Government focuses on promoting ‘Health Tourism’ appeared first on ONLANKA News ::. Latest Sri Lanka News with Breaking News Alerts from Sri Lanka.
Sri Lanka expects to host 1.55 million visitors and earn 2.7 billion Sri Lankan rupees ($8.4 million) in much-needed tourism revenue this year, as it maps a road to the recovery of its tourism sector amid its worst economic crisis in decades.The post Sri Lanka expects cash infusion from 1.5 million tourists in 2023 for crisis-hit economy appeared first on Sri Lanka Breaking News and Top Headlines ...
Adventure tourism is playing a key role in helping Sri Lanka rebuild its economy after a turbulent few years for the South Asian nation.The post Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Sri Lanka President Ranil Wickremesinghe addressed the United National Party (UNP) May Day celebrations held at the Sugathadasa Indoor Stadium in Colombo yesterday (May 01) through video technology.The post Sri Lanka President says Let 2048 be the year of development for Sri Lanka appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Indian tourists visiting Sri Lanka will be able to pay for transactions in Indian Rupees (INR), the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe said. Delivering a special address in the Webinar on ‘Economic Scenario of Sri Lanka: Current Status and Way Ahead’, organized by Federation of Indian Chambers of Commerce and […]
Minister of Foreign Affairs and International Corporation of the United Arab Emirates (UAE), H. H. Sheikh Abdullah bin Zayed, has offered to assist Sri Lanka in various fields, including the development of the island s energy and tourism sectors.
The Government of Sri Lanka has initiated a project to introduce a passenger ferry service between the port of Kankasanthurai in Sri Lanka and Pondicherry in India, aimed at providing an affordable and convenient mode of transportation between the two countries. The cost of a round trip scheduled to commence by the end of April […]
Bangladesh Prime Minister Sheikh Hasina says Bangladesh attaches high priority to its relations with its neighbours, particularly with Sri Lanka, which are based on historical bonds and a multitude of commonalities. Hasina said that Bangladesh and Sri Lanka can greatly enhance bilateral cooperation in the areas of investment, agriculture, fisheries, pharmaceuticals, maritime connectivity and highe...
IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]
The Central Bank of Sri Lanka (CBSL) has decided to suspend the law imposed by the Central Bank that a certain amount of dollars must be converted into Sri Lankan rupees from Sri Lankans living abroad and those receiving export income from this month.The post Sri Lanka’s Central Bank rule on Dollar conversion suspended appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it and that following this vote, the key points of the agreement would be enacted into law.The post Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka President appeared...