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Sail Lanka Charter, a dedicated advocate for the promotion of marine tourism in Sri Lanka, is proud to announce its sponsorship of the 8th edition of the Boat and Marine Show. Organised by the Chamber of Marine Industries Sri Lanka (CMISL), this event is scheduled to take place from October 27 to 29, 2023, at […]
The Government is keen to go ahead with a systematic development plan for the Trincomalee Port prepared by a Singaporean company, President Ranil Wickremesinghe said today. President Ranil Wickremesinghe unveiled an ambitious 10-year initiative aimed at boosting agriculture and tourism in the Eastern Province, with a particular focus on the development of Trincomalee. He highlighted […]
[…]The post Why The Shock Over IMF’s Diagnostic Report? appeared first on Colombo Telegraph.
The Sri Lanka Freedom Party (SLFP) is desperate to reach a consensus with political parties in the Opposition. But the Opposition is very much reluctant to do so due to the SLFP leader Maithripala Sirisena’s fickle past and now again under intense fire over the 2019 Easter Sunday attack. Field Marshal Sarath Fonseka, no stranger […]
The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation progress appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka’s Minister of State for Tourism Diana Gamage announced plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the year’s end.The post Sri Lanka to launch campaigns to attract 1.5 million tourists – proposal to create non-sleeping cities appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Over 200 corporate leaders attended the second Economic Forum sponsored by HSBC recently which was to discuss and share insights into the latest global trends and opportunities emerging for economic growth in Sri Lanka. Frederic Neumann, HSBC’s Chief Asia Economist and Co-Head of Global Research for HSBC Asia along with Aayushi Chaudhary, HSBC Economist for […]
Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]
The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva and President Ranil Wickremesinghe reviewed progress on restructuring Sri Lanka’s debt. The discussion took place on the sidelines of the United Nations General Assembly (UNGA) in New York, During the meeting, Ms. Georgieva and President Wickremesinghe delved into the ongoing financial sector reforms and...
Efforts are on by the Union government’s Shipping Corporation of India to commence high-speed passenger ferry service between Nagapattinam in Tamil Nadu and Kangesanthurai in Sri Lanka’s Northern Province by the first week of October. The service covering around 60 nautical miles will start from Nagapattinam Mini Port, sources said. Each ferry will carry around […]
In a crucial meeting held during the United Nations General Assembly (UNGA) in New York, Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, met with President, Ranil Wickremesinghe, to discuss vital economic matters. During the meeting, Ms. Georgieva and President Wickremesinghe delved into the ongoing financial sector reforms and the substantial progress […...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has held a meeting with Sri Lanka President Ranil Wickremesinghe to discuss vital economic matters.The post IMF chief Kristalina and Sri Lanka President Ranil discuss ongoing reforms and debt restructuring efforts appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Former UK Prime Minister David Cameron is to promote the Colombo Port City at a roadshow showcasing investment opportunities and incentives for global investors. Cameron will address an exclusive, closed-door forum on the strengthening ties between the UAE, Indo-Pacific region and the role of Sri Lanka in this new trend gaining increased momentum. The discussion […]
Piyumi Ranadewa is a Research Assistant working on migration and urbanisation policy research at IPS. She holds a BSc (Hons) in Agriculture, specialising in Agriculture Economics and Business (First Class) from Wayamba University of Sri Lanka, graduating with Dean’s Honours. She also holds a Master of Agri-Enterprise and Technology Management from Wayamba University of Sri […]
Sri Lanka’s former Ambassador to Iran M.M. Zuhair, PC has warned that the proposed Counter Terrorism Act could be utilised by the government to crush even farmers’ protests. The following is the text of a statement issued by the ex-Senior State Counsel and former People’s Alliance MP: The Counter Terrorism Bill, originally gazetted six years […]
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
The much-anticipated Galle Literary Festival is to return in 2024 in partnership with the Sri Lanka Tourism Promotion Bureau (SLTPB), with a star-studded line-up. From 25 to 28 January, Galle will once again play host to an international cast of acclaimed authors and exceptional speakers. Inviting readers and thinkers from around the world, the Festival’s […]
[…]The post ZeroPlastic Global Movement: A Beacon Of Hope In The Battle Against Plastic Pollution appeared first on Colombo Telegraph.
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
In the last week of June, I took a journey to Nirbana Island Retreat to release the stress of the past six months. What I soon discovered was a not-so-little gem, hidden in the depth of nature, surrounded by tropical wildlife. Set in the heart of Thalduwa Island, a unique picturesque waterway in the heart […]
Sri Lanka has underscored the critical importance of continuing with the EU GSP Plus tariff concessions to support the country’s transformative journey towards economic recovery. The Ambassador of Sri Lanka to the European Union, Grace Asirwatham, hosted a group of Members of the European Parliament (MEPs) who are part of the Friends of Sri Lanka […]
Sri Lanka’s Kaffir community is to be used to attract more tourists to the country. Minister of Labour and Foreign Employment Manusha Nanayakkara said that a cultural centre will be provided to the Sri Lankans of African origin (Kaffirs) living in the Sirambiadi area of Puttalam. He said this will help the community to attract […]
An appreciation: It is with profound sadness that this tribute is being written to the remarkable life and accomplishments of Douglas Pemasiri, who passed away at age 88 in Miami, Florida, in the United States on June 12th this year. He was a diplomatic officer who dedicated his life to promoting trade and commerce, representing […]
A proposal, set to take effect from October 1, 2023, stipulates rates of USD 130 for 5-star hotels, USD 100 for 4-star hotels, and USD 80 for 3-star hotels within the city of Colombo. While the authorities argue that this measure aims to counter underpricing by higher-tier hotels, this policy threatens to undermine the growth […]
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
The Colombo Port City Economic Commission has achieved a significant milestone in its journey, to transform the Colombo Port City into a globally competitive special economic zone (SEZ). The parliament of Sri Lanka recently approved a comprehensive incentives programme proposed by the Commission in consultation with the Minister of Investment Promotion, in relation to the […]
Over 80 percent of the tourist arrival target set for August has been reached in the first 27 days of the month.The post Over 80% of August tourist arrival target reached – SLTDA appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.