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Saturday 16th March, 2024 Sri Lankan governments do not respond to early warnings and thereby invite trouble. The Easter Sunday carnage (2019) could have been prevented if the Sirisena-Wickremesinghe government had heeded repeated intelligence warnings of impending terror attacks. It let the grass grow under its feet, and disaster struck. It has now been revealed […]
- Health sector TUs to resume strike (Category: Breaking News)
- Health unions issue ultimatum to govt. to resolve salary anomaly by end of month (Category: Breaking News)
- Strike paralyses state run healthcare system (Category: Breaking News)
- DAT allowance dispute: 72 health sector unions launch indefinite strike today (Category: Breaking News)
By Shamindra Ferdinando SLPP National List MP Gevindu Cumaratunga and member of Uththara Lanka Sabhagaya has moved the Supreme Court seeking equal treatment to all members of the Employees Provident Fund (EPF). Cumaratunga, who is also the President of Yuthukama National OrganiSation has acted in terms of Article 126 read with Article 17 of the […]
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
- Gevindu presses PM over EPF matter, discrepancy in interest payments (Category: Breaking News)
- JVP Leader nails govt. on ETF, EPF balances (Category: Breaking News)
- Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM (Category: Breaking News)
Friday 15th March, 2024 The JVP turned down President Ranil Wickremesinghe’s invitation to a meeting with the IMF, but some of its senior members met a visiting IMF delegation yesterday in Colombo perhaps as part of its strategy to gain political mileage. Whoever would have thought, a decade or so ago, that the JVP leaders […]
- IMF won’t assist if govt. puts off LG polls (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- CBSL chief expresses optimism (Category: Breaking News)
- Foreign envoys assure support for Sri Lanka to recover from economic crisis (Category: Breaking News)
By Hiran H.Senewiratne While the stock market kicked off on a positive note yesterday, it subsequently slowed down but towards the latter part of the day it bounced back due to noticeable share movements on Lanka IOC and banking sector stocks, market analysts said. During the day, LOLC Group shares were under tremendous selling pressure, […]
- Some across-the-board sales at CSE following dampening of investor sentiment (Category: Breaking News)
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (Category: Breaking News)
- Absence of market-driven activities stalls CSE; negative conditions manifest in politics (Category: Breaking News)
By Sanath Nanayakkare Saliya Wickramasuriya-Member of Colombo Port City Economic Commission said in Colombo on Wednesday that the new Port City Commission to be appointed at the end of the tenure of the current one would only have a few boxes to tick, in getting its work completed as a fully-fledged functional body going forward. […]
- Regulations pertaining to Port City Economic Commission Act gazetted (Category: Breaking News)
- PM attends ground breaking ceremony for Port City 120,000sq.ft. Business Centre (Category: Breaking News)
- Cabinet okays special visas for Colombo Port City (Category: Breaking News)
- Asiri Health to build state-of-the-art hospital at Colombo Port City (Category: Breaking News)
The late Ray Forbes encompassed within himself administrative excellence and profound humanity. On account of these rare qualities he endeared himself to the staff and students of the Bandaranaike Centre for International Studies (BCIS), Colombo, for well over a decade. The above sentiments were expressed with regard to the former Director of the BCIS, Ray […]
- BMICH celebrates Int’l Women’s Day (Category: Breaking News)
- Resounding endorsement of pluralism (Category: Breaking News)
- Critical assessment of the state of democracy (Category: Breaking News)
- BCIS commences series of discussions on international relations (Category: Business)
HNB General Insurance, a leading provider of insurance solutions in Sri Lanka, announced a collaborative partnership with Sampath Bank to offer customers 12-month 0% interest payment plans on both motor and non-motor insurance policies. This marks HNB General Insurance’s collaboration with a non-group member bank, significantly expanding its reach and making insurance more accessible for […]
- MBSL Insurance expands its reach (Category: Breaking News)
- HNBA and HNBGI Celebrate Insurance Month with a Renewed Pledge to Protect (Category: Breaking News)
- Sampath venturing into insurance, merchant banking (Category: Business)
- Shared ATMs (Category: Breaking News)
[…]The post Nandalal Weerasinghe’s Wages Of Sin appeared first on Colombo Telegraph.
- Involuntary & Inequitable DDO (Category: Breaking News)
- RW’s Political Rating & Fitch’s Credit Rating (Category: Breaking News)
- Ranil’s Debt Driven Growth Strategy (Category: Breaking News)
- Towards A False Dawn (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe convened a crucial party leader’s meeting at the Presidential Secretariat on Monday (March 11) to deliberate on the IMF proposals.The post Sri Lanka President facilitates open dialogue with opposition on IMF proposals appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President meets IMF representatives (Category: Breaking News)
- IMF Chief meets President Ranil, commends Sri Lanka s economic reform efforts (Category: Breaking News)
- IMF second review of Sri Lanka s bailout package begins today (Category: Breaking News)
- President reiterates govt s commitment to sustaining momentum and advancing economic agenda (Category: Breaking News)
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
- Crashing economies and the South’s narrowing foreign policy options (Category: Breaking News)
- Need for new economic policy for poor countries (Category: Breaking News)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Pitfalls of export-led growth (Category: Breaking News)
Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, India’s Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development is going to be a “very game-changing” dimension […]
- India notes increase in investments in Sri Lanka (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Indo-Lanka FTA to be upgraded to ETCA (Category: Breaking News)
- Ranil to participate in Indian summit virtually (Category: Breaking News)
… asks House to rectify fundamental blunder by Shamindra Ferdinando Lawmaker Gevindu Cumaratunga, on behalf of the Uththara Lanka Sabhagaya (ULS), has requested the Chairman of the Committee on Public Finance (CoPF) Dr. Harsha De Silva to propose fundamental change to the Central Bank of Sri Lanka Act (No 16 of 2023) by including Secretary to the Finance Ministry/Treasury […]
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
- Parliament urged to incorporate amendments into Central Bank Bill in keeping with promise to SC (Category: Breaking News)
- MPs call for abolition of collective agreement (Category: Breaking News)
- Opposition alleges bid to mislead House (Category: Breaking News)
Sixty-nine Sri Lankan fishing boats are in Indian custody, Minister of Fisheries Douglas Devananda has said during a recent televised interview.Hundreds of Indian boats arrive in Sri Lankan waters and use destructive bottom trawling techniques in the territorial waters of Sri Lanka, the Minister said. “They have destroyed all marine resources in the Indian territorial […]
- Navy Commander explains persistent problem of large number of Indian vessels poaching in SL waters (Category: Breaking News)
- Colombo releases 38 fishers in custody ahead of Indian polls (Category: Breaking News)
- Court orders seized Indian fishing boats to be destroyed (Category: Breaking News)
- Navy apprehends poaching fishers in spite of TN protests (Category: Breaking News)
[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
[…]The post Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. Anil Baddevithana appeared first on Colombo Telegraph.
- Parate execution is the last resort to protect depositors’ funds – SLBA (Category: Breaking News)
- Ministers of Justice and Health on collision course with association of banks (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- Only 0.4% of loans recovered using Parate laws – CBSL (Category: Breaking News)
[…]The post Ancient Values Influence Behaviour Centuries Later appeared first on Colombo Telegraph.
- Bloodbath In The Politburo (Category: Breaking News)
- Yoruba People & Culture (Category: Breaking News)
- Erosion & Climate Change: Sri Lanka Is Adrift In The Indian Ocean (Category: Breaking News)
- Priceless Stolen Property (Category: Breaking News)
President Ranil Wickremesinghe has convened a pivotal meeting with leaders of recognized political parties to discuss the proposals put forth by the International Monetary Fund (IMF) and its high-level delegation.The post President calls Opposition Party Leaders for crucial meeting on IMF proposals appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President to convene meeting with opposition s party leaders, IMF delegates on Monday (Category: Breaking News)
- President Calls Opposition Leaders for a Crucial Meeting on IMF Proposals (Category: Breaking News)
- President invites opposition leaders for a crucial meeting to discuss IMF proposals (Category: Breaking News)
- Meeting between president, opposition leader (Category: Breaking News)
[…]The post Playing The Fiddle While The Country Burns! appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
[…]The post The Steps To Achieve Justice In Sri Lanka appeared first on Colombo Telegraph.
- Transitional Justice In Sri Lanka: Accomplishments & Challenges In The Post-Civil War (Category: Breaking News)
- Abuses Undercut Proposed ‘Truth Commission’ – Human Rights Watch (Category: Breaking News)
- Too polarized to reconcile? The struggle for transitional justice in Sri Lanka (Category: Breaking News)
- Too polarized to reconcile? The struggle for transitional justice in Sri Lanka (Category: Breaking News)
During the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry yesterday (07), Peter Breuer, the Senior Mission Chief for Sri Lanka, delivered encouraging remarks. Breuer emphasized that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the program’s impl...
- IMF program is exhibiting promising signs of efficacy – IMF Mission Chief for Sri Lanka (Category: Breaking News)
- IMF programme in SL showing signs of working – Breuer (Category: Breaking News)
- IMF hopes for Sri Lanka political crisis resolution to resume deal talks (Category: Breaking News)
- President reiterates govt s commitment to sustaining momentum and advancing economic agenda (Category: Breaking News)
By Neville Ladduwahetty During President Ranil Wickremesinghe’s India visit in July 2023, five Memorandums of Understanding (MOU) were signed by India and Sri Lanka to establish physical connections between the two countries. This was followed more recently by the launch of the Unified Payments Interface (UPI) – a mechanism that claims to reduce the cost […]
- ‘Is India going to steal land, water and air?’ (Category: Breaking News)
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- India to push rupee investments in Sri Lanka (Category: Breaking News)
- PM Modi’s comments: ‘Ensure dignity and respect for Tamils’ (Category: Breaking News)
Sri Lanka has recorded an over 16 percent increase in workers remittances while tourism earnings has increased by nearly 114 percent in February 2024 compared to the previous year, according to the latest data from the Central Bank of Sri Lanka (CBSL).
The gross salary of the lowest ranking employee of the Central Bank of Sri Lanka (CBSL), an Office Assistant – Grade 1, has been increased by 29.53% up to Rs. 188,827 in accordance with a collective agreement, Prime Minister Dinesh Gunawardane told Parliament yesterday. Responding to a question by SJB Colombo District MP S. M. […]
- CBSL requests President for opportunity to explain recent salary hike (Category: Breaking News)
- CBSL denies 70% pay hike (Category: Breaking News)
- President appoints independent committee to review CBSL salary hikes (Category: Breaking News)
- MPs call for abolition of collective agreement (Category: Breaking News)
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka expects 1.8% Economic growth in 2024 (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
Opposition and Government MPs expressed outrage in Parliament over the massive pay hike implemented by the Central Bank of Sri Lanka for its employees. Opposition Samagi Jana Balawegaya MP Lakshman Kiriella asked if the Government will reverse the decision taken by the Central Bank to increase the salaries of its employees by large margins. Prime […]
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CB warns of catastrophic consequences if banking sector collapses (Category: Breaking News)
- Government to unveil domestic debt restructuring strategy this week (Category: Breaking News)
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
Prime Minister Dinesh Gunawardena detailed the recent salary hikes of those employed at the Central Bank of Sri Lanka (CBSL).
Central Bank pay hike controversy: By Saman Indrajith The MPs who met a group of officials from the Central Bank of Sri Lanka (CBSL) yesterday found that the controversial salary increments of the CBSL workers had been based on a collective agreement. Some of the MPs argued that the collective agreement should be abolished. The meeting […]
- Brouhaha over pay hikes (Category: Breaking News)
- CBSL denies 70% pay hike (Category: Breaking News)
- Lowest ranking CB employee’s salary increased to over Rs. 180,000 – PM (Category: Breaking News)
- COPF invites all MPs to meeting with CBSL officials over pay hike (Category: Breaking News)
Reaffirming its customer-centric focus, the Truly Sri Lankan Bank, Pan Asia Bank, has forged a strategic partnership with AIA Insurance Lanka, to provide comprehensive insurance solutions – including protection, health and investment solutions – that meet the changing needs of the Bank’s valued consumers. Expressing his enthusiasm about the new partnership, Naleen Edirisinghe, CEO of [...
- Ayubowan AIA (Category: Business)
- Pan Asia Bank and Wogi to introduce Global Customer Reward platform to revolutionize customer ex... (Category: Breaking News)
- DFCC Bank and AIA virtually recognise CEO Club Award Winners (Category: Breaking News)
- Special Credit Card for government pensioners (Category: Breaking News)
Janashakthi Life, a member of the Janashakthi Group, announces the appointment of Dilip de S. Wijeyeratne as an Independent, Non-Executive Director to the Company’s Board of Directors, effective from 14th February 2024. Dilip de S. Wijeyeratne is a senior finance/banking professional and a principal consultant who provides advisory services to companies globally to expand operations […]
- Mano Wijeyeratne passes away (Category: Breaking News)
- Manodha Wijeyeratne passes away (Category: Breaking News)
- Wijeyeratne appointed to Union Assurance Board (Category: Business)
- Sinhaputhra eye donation drive (Category: Business)
By Ifham Nizam Following a request made by World Bank officials, Department of Agriculture, Director General Ms. Malathi Parasuraman has submitted a work order, prepared by the Department of Agriculture, to double the paddy yield in the country within six growing seasons. Agriculture and Plantation Industries Minister Mahinda Amaraweera said that the World Bank has […]
- ADB to provide Rs 10 billion for local paddy cultivators to buy MoP this Maha (Category: Breaking News)
- Paddy purchases through District Divisional Secretariats for 2023 Maha season (Category: Breaking News)
- Govt. to intervene in paddy purchasing - Agri. Minister (Category: Breaking News)
- 60,930 acres of paddy fields damaged by drought (Category: Breaking News)
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