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by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Inflation – Public Enemy Number One (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
By Kalinga Tudor Silva One of the important ways, the current economic crisis in Sri Lanka has directly impacted our lives is having to go through long and seeming unending queues, to access petrol, diesel, kerosene and even our dear passports. Queues have multiplied, sprung up on either side of the road and across the […]
- Fuel rationing suspended from Sept. 1 says Kanchana (Category: Breaking News)
- Exclusive fuel arrangements for healthcare workers to be deferred (Category: Breaking News)
- Sri Lanka to fully implement QR code system in fuel rationing from Aug. 1 (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
Market sees highest turnover in more than two months.
- Toll Rate (Category: Business)
- Sri Lanka spends Rs. 425 billion for North East development (Category: Breaking News)
- Hotel Buy (Category: Business)
- Debenture Rating (Category: Business)
[…]The post BASL; Altruistic Union That Does Not Stand For Its Members’ Sake But For The People appeared first on Colombo Telegraph.
- 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur (Category: Breaking News)
- Is The IMF Mad To Give Loans To A Murderous Government? (Category: Breaking News)
- Bar Association of Sri Lanka strongly condemns attack on Galle Face protesters (Category: Breaking News)
- President Wickremesinghe, The Current Pohottuwa Government & The Way Forward – A Call From Citiz... (Category: Breaking News)
[…]The post Representative Democracy Is To Heed The Voice Of The People appeared first on Colombo Telegraph.
- Getting Nearer To Solution As Options Narrow (Category: Breaking News)
- Protest Movement Can Rebound Unless Government Legitimacy Is Restored (Category: Breaking News)
- Divergence Grows Between Appearance & Reality (Category: Breaking News)
- President Needs To Implement Pledges Before Elections (Category: Breaking News)
The decision that was valid for three months has been cancelled with immediate effect.
- Protesting dairy farmers of Sri Lanka throw milk on roads (Category: Breaking News)
- Protesting dairy farmers of Sri Lanka throw milk on roads (Category: Breaking News)
- Three million-liter fuel storage for Sri Lanka's second international airport (Category: Breaking News)
- ‘Feel Sri Lanka’ to promote local dance (Category: Breaking News)
The Tamil National Alliance (TNA) on Monday announced that it will support President Ranil Wickremesinghe’s efforts to form an all-party national government to help the country to recover from the worst economic crisis.The post TNA to support forming of all-party government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Ranil Wickremesinghe named as next candidate of UNP for Presidential Election 2024 (Category: Breaking News)
- Sri Lanka President says proposals set forth by parties to form all-party Government will be sha... (Category: Breaking News)
- President calls Opposition Party Leaders for crucial meeting on IMF proposals (Category: Breaking News)
- TNA to support forming of all-party government (Category: Breaking News)
IMF Bailout agreement at the end of the month? President Ranil Wickremesinghe says it is not the right time for former President Gotabaya Rajapaksa to return to the country as it could inflame political tensions. In an interview with The Wall Street Journal, the President has been reported as having said: “I don’t believe it’s […]
- Parliament prorogued (Category: Breaking News)
- Electricity, petroleum declared essential services (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- President to attend UNGA in September (Category: Breaking News)
Turnover hit its highest since June 7
- Toll Rate (Category: Business)
- Sri Lanka spends Rs. 425 billion for North East development (Category: Breaking News)
- Hotel Buy (Category: Business)
- Debenture Rating (Category: Business)
[…]The post Prosecuting Aragalaya Protestors; A Legal Perspective appeared first on Colombo Telegraph.
- Sovereign People, Legal Despotism & Aragalaya (Category: Breaking News)
- Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! (Category: Breaking News)
- Transfer Of Formal Power Vs People Power During Societal Transition (Category: Breaking News)
- Unelected & Unconstitutional MP Becoming The President? (Category: Breaking News)
By Anupama Rajput Sri Lankan Lawmakers voted in acting President Ranil Wickremsinghe as the new President on July 20. The six-time Prime Minister was able to garner 134 votes in the 225-member parliament, despite public anger with the ruling elite in the hope that his long experience in government could help pull the country out […]
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Over 400 respond (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- Video: CoL has increased by 400 percent - Maithri (Category: Video)
“We would have had it this month [July] if it were not for the unstable political condition.”
- Putin congratulates Sri Lanka president; looks to foster bilateral cooperation (Category: Breaking News)
- Ensure integrity of nominations to Constitutional Council: Sri Lanka Bar Association (Category: Breaking News)
- Sri Lanka 2022 interim budget proposes new targeted welfare system (Category: Breaking News)
- Sri Lanka’s gazetted 22nd amendment bill is a diluted version of itself: CPA (Category: Breaking News)
Sri Lanka's new president Ranil Wickremesinghe said on Sunday it was not the right time for former president Gotabaya Rajapaksa to return to the country as it could inflame political tensions, the Wall Street Journal reported.The post Sri Lanka President says it’s not right time for Rajapaksa to return after fleeing country, WSJ reports appeared first on ONLANKA News :. Sri Lanka Breaking Ne...
- Not the right time for Gotabaya Rajapaksa to return to Sri Lanka - President (Category: Breaking News)
- Sri Lanka bill to trim president’s powers likely to become law within weeks – Minister (Category: Breaking News)
- Sri Lanka to ask Japan to open talks on debt restructuring with key lenders (Category: Breaking News)
- Special statement by Sri Lanka’s Acting President Ranil Wickremesinghe (Category: Breaking News)
President Ranil Wickremesinghe says it was not the right time for former President Gotabaya Rajapaksa to return to the country as it could inflame political tensions, the Wall Street Journal reported. “I don’t believe it’s the time for him to return,” Wickremesinghe said in an interview with the Journal. “I have no indication of him […]
- Gotabaya yet to submit resignation letter (Category: Breaking News)
- Ranil takes oaths as Finance Minister (Category: Breaking News)
- Xi offers Sri Lanka’s new President support amid crisis (Category: Breaking News)
- PM warns fuel situation to get worse over next few weeks (Category: Breaking News)
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
Providing financial and technical assistance towards the switch to renewable energy technologies The United Nations Development Programme (UNDP) in Sri Lanka together with the Sri Lanka Sustainable Energy Authority (SLSEA) has commenced an initiative to strengthen rural economies, increase forest cover, improve the living standards of rural women, and sustainable industries and small and medium en...
- Energy Minister discusses renewable energy with UNDP official Wignaraja (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- LOLC’s commitment to renewable energy recognised (Category: Business)
- USAID-funded Sri Lanka Energy Programme wins Innovation Award at 2024 Society for International ... (Category: Breaking News)
Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after the new government took office, according to a report by Reuters.Discussions with the multilateral lender started in April under former President Gotabaya Rajapaksa. The Sri Lankan government hopes to secure an Extended Fund Facility (EFF) – which would be […]
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.The post Sri Lanka president seeks unity government to save economy appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Sri Lanka to restart IMF bailout talks, president calls for unity Government (Category: Breaking News)
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lankan President leaves for Germany (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Ranil Wickremesinghe elected as 8th Executive President of Sri Lanka (Category: Breaking News)
- Sri Lanka President meets UN Secretary-General in Egypt (Category: Breaking News)
- Sri Lanka President meets Prime Minister of Singapore (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves will likely be insufficient to meet normal needs. The situation has […]
- WFP says 66 % Sri Lankans reduced number of meals eaten daily (Category: Breaking News)
- WFP to distribute ration packs to vulnerable households in Sri Lanka (Category: Breaking News)
- Three-wheel drivers block Galle Road in Dehiwala (Category: Breaking News)
- UN warns situation in Sri Lanka likely to worsen (Category: Breaking News)
No queue travail for the lucky few By Ifham Nizam While many other state-sector professionals including medical specialists and other health workers are spending days and nights in fuel queues, engineers of the Ceylon Electricity Board are not feeling the pinch thanks to the government giving priority to supplying fuel for power generation, a senior […]
- CEB engineers, blue eyed boys of govt.- Ministry official (Category: Breaking News)
- CEB acquires 163 Sojitz Power Plant (Category: Breaking News)
- Wide ranging rackets benefiting CEB engineers (Category: Breaking News)
- Bloated public sector – a major impediment to development (Category: Breaking News)
(UNFPA) When Ruchika found out she was pregnant with her second child in October last year she felt confident that she knew what to expect. Nine months later, she spent the day before her due date in a fuel queue pleading with an army officer and restless crowds so she could buy fuel to get […]
- UNFPA appeals for $10.7 million to meet urgent needs of 2 million women and girls affected by Sr... (Category: Breaking News)
- UNFPA signs MoU with University of Colombo, hands over medical supplies to Health Minister (Category: Breaking News)
- Fuel quota to be increased again next month (Category: Breaking News)
- UNFPA Regional Director here (Category: Breaking News)
COLOMBO, 28 July 2022 – Nearly one in three parents responding to Save the Children’s survey in June 2022, have noticed negative changes in their children’s behaviour in the last 6 months. Since the beginning of the economic crisis, children have showed signs of distress and withdrawal. The survey of more than 2,300 families across nine districts […]
- Half of Lankan families reducing children’s food intake as country slips further into hunger cri... (Category: Breaking News)
- Urgent Lessons for Sri Lanka – 2022 (Category: Breaking News)
- Half of families reducing children s food intake as Sri Lanka slips further into hunger crisis Â... (Category: Breaking News)
- Sri Lanka’s children paying the steepest price in the current crisis – UNICEF Regional Director ... (Category: Breaking News)
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate” compared with other regions, several economies will have to act quickly to […]
- IT professionals leaving country (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
Sri Lanka fuel queues still remain as is faces dollar shortage to buy fuel
- 400 Shops In Colombo To Be Sealed (Category: Breaking News)
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Oil Pipeline Places Over 400 Families Under Threat (Category: Breaking News)
- 400 fuel stations are at risk of closing down every day (Category: Breaking News)
In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood, the ANI reported.The post Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution appeared first on ONLANKA News :. Sri Lanka Breaking New...
- Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution - re... (Category: Breaking News)
- Japan provides additional US$ 6.6 million for food and nutrition in Sri Lanka (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- CPC urges public not to believe rumours of fuel shortages (Category: Breaking News)
- Low quality crude has resulted in 22% drop in diesel production (Category: Breaking News)
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