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…interest payments alone increased by USD 2.8 bn; foreign debt USD 100 bn By Shamindra Ferdinando Declaring that the economy had further deteriorated under President Ranil Wickremesinghe’s watch since July 2022, dissident SLPP parliamentarian Prof. G. L. Peiris said that the government
[…]The post Opportunities For System Change Open Up appeared first on Colombo Telegraph.
President Ranil Wickremesinghe emphasized that the future of Sri Lanka will be determined by the economic policies implemented over the next five years. The President delivered this statement while addressing the youth and business community in Mannar during his participation in the “Youth Conference” held Sunday (16). The President initially attended the Mannar District “Youth [...
Sri Lanka s economy showed significant growth more than anticipated in the first quarter, marking a strong recovery from a severe foreign exchange crisis.
[…]The post Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka appeared first on Colombo Telegraph.
Monday 17th June, 2024 The SLPP-UNP government is crowing about the release of the third tranche of the IMF loan, and has undertaken to fulfil some more bailout conditions such as the introduction of an imputed rental income tax. It has said the new tax will affect only the high-net-worth individuals, but the proof of […]
[…]The post AKD’s NPP Must Win, But Where Is His Agenda & Platform? appeared first on Colombo Telegraph.
By N Sathiya Moorthy First, Team Ranil had claimed that the incumbent would be a ‘national candidate’ in the presidential polls due by mid-October. Since then, President Ranil Wickremesinghe himself has declared that the polls will decide the country’s success or failure. According to him, if the people are satisfied with his government’s policies and programmes […]
[…]The post RW’s Economic Transformation Bill & NPP’s Systemic Transformation appeared first on Colombo Telegraph.
by Amal JAYASINGHE (AFP) When Sri Lanka’s economy crashed in 2022, people sought work abroad wherever they could find it — including ex-soldiers who joined forces fighting in Ukraine after Russia’s invasion. Now the veterans — some of whom swapped their life savings
nation was starting to recover, but the economy was “still vulnerable and the path […]
Unbundling the Ceylon Electricity Board: by Rajan Philips There is no question – the Ceylon Electricity Board has grown into a public sector behemoth. It has become the Leviathan of Sri Lanka’s political economy. It sucks up government cash and owes an unpayable debt of about LKR600 billion
[…]The post More Lawyers & Accountants Than Engineers To Unbundle The CEB appeared first on Colombo Telegraph.
South Africa’s parliament has re-elected Cyril Ramaphosa as the country’s president following a landmark coalition deal between the governing African National Congress (ANC) and opposition parties. The new government of national unity combines Mr Ramaphosa’s ANC, the centre-right Democratic Alliance (DA) and smaller parties. In his victory speech, Mr Ramaphosa hailed the new coal...
The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka Peter Breuer stated that the IMF fully respect the democratic […]
The International Monetary Fund (IMF) states that sufficient progress has been made for Sri Lanka's debt restructuring process to move forward.The post IMF reports progress in Sri Lanka’s debt restructuring amid economic vulnerabilities appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
[…]The post NPP: The Unrivalled Choice In Sri Lanka Politics appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe emphasized that the upcoming presidential election isn't about his personal victory or defeat but about the success or failure of the entire country.The post Sri Lanka President calls for National Focus on Economic Reform ahead of Elections appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
President Ranil Wickremesinghe says the upcoming presidential election will not be about his personal victory or defeat, but that of the country’s success or failure. The President noted that if the people are satisfied with the government’s program, they can support it. Otherwise, they will face the consequences of living in a country with a […]
[…]The post AKD’s Speech On Police & Rule Of Law: Merits & Demerits? appeared first on Colombo Telegraph.
Two care home owners in the UK say they would be unable to cope without the help of foreign staff from countries like Sri Lanka. Lakshmy and Philip Pengelly, who own Ashley Court Care Home in Llanelli, Carmarthenshire, said they had been forced to cut occupancy at their home because of staffing issues – until […]
[…]The post Uncertainty About Elections Can Cause Instability appeared first on Colombo Telegraph.
[…]The post Philip Gunawardena: Who Is Ready To Serve ? appeared first on Colombo Telegraph.
[…]The post Fear Of Tainted Politicians: To Hold Or Not To Hold Elections appeared first on Colombo Telegraph.
[…]The post Voice Of The Voiceless appeared first on Colombo Telegraph.
By N Sathiya Moorthy Even as many, if not most, Sri Lankan eyes are riveted to New Delhi for the impact of Modi 3.0 government on bilateral relations the nation itself is caught in the web of its own making. It’s as much economic as it is political. The reverse is equally true. Yes, it owes […]
Monday 10th June, 2024 Presidential candidates of the SJB and the JVP-led NPP, Sajith Premadasa and Anura Kumara Dissanayake, respectively, have chosen to sprint even before the commencement of the next presidential race, which is a marathon, wherein one has to pace oneself skilfully to prevent fatigue and maintain momentum. The two sides have been […]
[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.