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The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka has a final opportunity to progress and it is imperative for everyone to collaborate in creating a prosperous community for future generations, without resorting to finger-pointing, emphasized President Ranil Wickremesinghe.The post Sri Lanka President says ‘this is our last chance to forge ahead’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...
Sandun Pathirana’s career journey spans over three decades, during which he has gained extensive experience in setting up and managing operations in markets in South Asia and the Middle East. He is a regional specialist in his field, having worked for leading conglomerates and multinational freight and logistics companies. Sandun started his logistics career in […]
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
[…]The post Still On The Rotten Bridge appeared first on Colombo Telegraph.
A popular Zimbabwe preacher who has links with a pastor in Sri Lanka, has denied allegations of corruption after he was accused of gold-smuggling. Issuing a lengthy statement, Presidential Envoy and preacher Uebert Angel, said that the allegations in an Al Jazeera documentary was part of a well-crafted ploy to trap the Ambassador and tarnish […]
Sri Lanka is keen to expand ties with the Yunnan province in China which shares many similarities with Sri Lanka, especially in the areas of trade, economy, and tourism, says State Minister of Foreign Affairs Tharaka Balasuriya.
By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]
The Pacific Asia Travel Association (PATA) Sri Lanka Chapter recently hosted their Nepalese counterparts as a part of PATA’s drive to improve cross-Chapter exposure and communication. The visit aimed to strengthen bilateral relationships between the two countries’ tourism sectors and explore avenues where Sri Lanka and Nepal can join hands in developing travel and tourism […]
President Ranil Wickremesinghe says Sri Lanka is no longer bankrupt after the International Monetary Fund (IMF) approved a loan facility for the country. Making a special statement, President Wickremesinghe said that the approval of the IMF facility for Sri Lanka signals an end of Sri Lanka’s bankruptcy status. President Ranil Wickremesinghe emphasised that Sri Lanka […]
Sri Lanka President Ranil Wickremesinghe emphasised that Sri Lanka is no longer considered as a bankrupt country by the world.The post Sri Lanka can no longer be considered a bankrupt country – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post ‘Contemporary Issues In Socio-Economic Development’: A Timely Publication By Kelaniya University appeared first on Colombo Telegraph.
[…]The post Waiting For Godot: Can Some Developing Nations Unite & Transform The Planet? appeared first on Colombo Telegraph.
By Sanath Nanayakkare in India Sri Lanka’s economic recovery process will gather momentum after the International Monetary Fund (IMF) grants an extended fund facility of USD 2.9 billion dollars, says Puneet Agrawal, Joint Secretary, Indian Ocean Region.Agrawala said so, addressing several Sri Lankan journalists during a media briefing held at the Indian External Affairs Ministry, […]
Sri Lanka has expressed interest in having a closer collaboration with ASEAN. The Heads of ASEAN Missions in Sri Lanka hosted a dinner in honor of President Ranil Wickremesinghe in Colombo last evening (Wednesday). They discussed, among others, the advancement of ASEAN and Sri Lanka cooperation, including in trade, investment, and tourism. The dinner was […]
Dr. Chandana (Chandi) Jayawardena DPhil President – Chandi J. Associates Inc. Consulting, Canada Founder & Administrator – Global Hospitality Forum chandij@sympatico.ca Struggling with Doctoral Studies By 1998, I was struggling with my doctoral research. By then I realized that doing a Ph.D. in the midst of a busy hotel career, at times demanding 16-hour work […]
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months, two sources told Reuters, as the island nation tries to line up funds for the rest of the year while the IMF looks set to approve a $2.9 billion loan for it soon. The credit line is to […]
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund (IMF).The post China gives assurances to the IMF that it will support Sri Lanka’s debt restructuring appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Supreme Court Shows Democratic Route To Government appeared first on Colombo Telegraph.
India is pushing for the use of Indian Rupees (INR) for economic transactions between India and Sri Lanka. The High Commission of India recently organised a discussion on the use of INR for economic transactions between India and Sri Lanka. Representatives from the Bank of Ceylon, State Bank of India and the Indian Bank shared […]
By Jehan Perera The economy is beginning to give indications of macro stability which President Ranil Wickremesinghe has made his primary objective. The most visible of these is the appreciation of the rupee against the dollar and other international currencies which signals a shift from the previous trend of depreciation. Over the past year the […]
First group of Chinese tourists since the COVID-19 pandemic arrived in Sri Lanka last night (March 01).The post Chinese tourists visit Sri Lanka for the first time since COVID-19 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lankan rupee appreciated yesterday (February 28) on improved sentiments over the current and future foreign exchange conditions in the domestic market after the announcement that International Finance Corporation (IFC) is willing to provide a US$ 400 million worth of swap facility for three commercial banks to support essential imports.The post Sri Lanka Rupee appreciates after almost a year i...
[…]The post Why Should We Beg IMF? – When More Than $36 Billion To Be Recovered appeared first on Colombo Telegraph.
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
China Daily: Sri Lanka is set to receive its first group of post-pandemic Chinese tourists after becoming one of the first 20 countries to resume the organization of outbound group tourists from China since COVID-19. Their flight will depart from the Shanghai Pudong International Airport on March 3. “We are expecting Chinese tourists to come […]
President Ranil Wickremesinghe said that tourist numbers had dropped following the protests in May and June of last year. Wickremesinghe announced plans to make Sri Lanka a year-round tourist destination, with measures to be taken to promote the tourism sector. He made these comments during a meeting with businessmen from the tourism industry in the […]