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By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]
- IRD’s inability has led govts. to extract unbearable taxes from professionals, honest people (Category: Breaking News)
- NFF accuses SLPP of causing irreversible damage to COPE (Category: Breaking News)
- SJB ready for painful reforms unlike Rajapaksas who only exploited divisions, says MP Hashim (Category: Breaking News)
- CEB to reduce workforce to 18,000 (Category: Breaking News)
In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]
- Impact of security considerations on foreign policy crafting (Category: Breaking News)
- Baglay reiterates India’s commitment in line with ‘Neighbourhood First Policy’ (Category: Breaking News)
- India underscores inclusivity on 75th anniversary of Independence (Category: Breaking News)
- ‘The fascist threat’ and the South’s mounting travails (Category: Breaking News)
[…]The post NPP’s Economic Diplomacy; Non-Aligned In The Best Interests Of The Nation appeared first on Colombo Telegraph.
- Anura’s Visit To India, Its Signs & Importance (Category: Breaking News)
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
- Sri Lanka’s Asian Heritage (Category: Breaking News)
- NPP & Bird Cage Economy (Category: Breaking News)
Romanian Ambassador Doamna Arhire has informed Prime Minister Dinesh Gunawardena that Romania would sign an agreement with Sri Lanka to avoid double taxation to boost the bilateral trade between the two countries. Ambassador Arhire called on Prime Minister Gunawardena at Temple Trees on Monday (26). PM Gunawardena and the Romanian envoy discussed the long-standing bilateral […]
- Sri Lankan IT skilled youths will have opportunity to join Romanian companies – Romanian Ambassa... (Category: Breaking News)
- Romania mulls agreement with Sri Lanka to avoid double taxation (Category: Breaking News)
- Maldivian FM due here next week (Category: Breaking News)
- New UK envoy assures commitment to further enhance UK-Sri Lanka ties (Category: Breaking News)
By N Sathiya Moorthy If someone thought the IMF was the last resort of nation’s facing an economic crisis, then you are mistaken. Of course, ask the average Sri Lankan, he would tell you how this time as ever before, IMF conditionalities for loan-disbursements end up pushing costs and prices, and pushing down the real […]
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- Private creditors threaten to block next IMF tranche to Sri Lanka (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
The Indian government is working on operationalizing Rupee investments in Sri Lanka in a move to boost Indian investments in its southern neighbor, two people aware of the matter told Mint.The post India to push rupee investments in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Indian Government allows Sri Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
- Sri Lankan bank opens VOSTRO account in India (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- India to push rupee investments in Sri Lanka - report (Category: Breaking News)
Tuesday 27th February, 2024 Sri Lankan politics is turning red in tooth and claw; the battle for the coveted executive presidency is getting down and dirty with every passing day. The presidential election is about eight months away, but the prospective contenders are already trading blows below the belt. At this rate, they might even […]
- Govt. formed by Ranil-Rajapaksa camp not an all-party arrangement – JVP (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
- Domestic debt restructuring and pension funds : JJB alleges Prez trying to influence judiciary (Category: Breaking News)
- Prez recalls co-operation between JVP and Yahapalana govt., requests Opposition’s help for natio... (Category: Breaking News)
[…]The post Modi’s Civilizational Duty & Connectivity Bordering Soft Colonization appeared first on Colombo Telegraph.
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
India’s interim budget focus on poor, youth, farmers and women will not only uplift more than 60 percent of the population in India but also have a spillover effect in South Asia. It sets an example for the developing countries to uplift the downtrodden, facilitate the youth, farmers and empower the women. Overall, it will […]
- Pro-poor growth and Economic growth in Sri Lanka - A critical analysis (Category: Breaking News)
- Can J&K’s GSDP to reach $28 billion with 7.5% growth in 2023-24 (Category: Breaking News)
- Can J&K’s GSDP to reach $28 billion with 7.5% growth in 2023-24 (Category: Breaking News)
- Investing in the Northern Province: Constraints and countering them (Category: Business)
Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national
- Orwellian Isle Ordeals (Category: Breaking News)
- Message from a Cell Death (Category: Breaking News)
- Post-Match Melancholia (Category: Breaking News)
- EC: Prez poll can’t be put off (Category: Breaking News)
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
- Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? (Category: Breaking News)
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Senior US official discusses Sri Lanka s IMF program in Colombo (Category: Breaking News)
- U.S. Deputy Secretary of State commends Sri Lanka’s economic efforts (Category: Breaking News)
- U.S. Deputy Secretary Verma commends Sri Lanka s economic recovery efforts (Category: Breaking News)
- U.S. Deputy Secretary of State calls on President Ranil (Category: Breaking News)
As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]
- IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet (Category: Breaking News)
- Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package (Category: Breaking News)
- Pakistan accepts one more IMF condition, agrees to increase interest rate by 200 basis points (Category: Breaking News)
- IMF seeks more Pak assurances before releasing bailout package (Category: Breaking News)
Deputy Secretary of State of the United States of America Richard Verma visited Sri Lanka from last Thursday to yesterday, the Ministry of Foreign Affairs said in a press release. The visiting U.S. Deputy Secretary of State and delegation had extensive discussions with Foreign Minister Ali Sabry at the Ministry of Foreign Affairs on further […]
- Foreign Minister welcomes continued US assistance to Sri Lanka (Category: Breaking News)
- U.S. Deputy Secretary of State Richard Verma visits Sri Lanka (Category: Breaking News)
- Lankan envoy meets Japan’s Foreign Affairs Vice Minister (Category: Business)
- US assures support to implement anti-corruption legislation and macro-economic reforms (Category: Breaking News)
By Rathindra Kuruwita Until Sri Lanka has access to international money markets, which will allow it to ensure there are no short-term dollar shortages, relaxing the restrictions on vehicle imports is out of the question, Professor in Economics at the Department of Economics at Colombo University, Dr. Priyanga Dunusinghe, said. Even then, relaxing vehicle imports […]
- Govt. not allocating enough funds to grant relief to public–Economist (Category: Breaking News)
- Sri Lanka’s apparel manufacturing industry asserts importance of Vertical Integration, improved ... (Category: Breaking News)
- Govt. decision to give two million farming families freehold land deeds will lead to shanty town... (Category: Breaking News)
- Sri Lanka expects 10% drop in its Iran crude demand (Category: Breaking News)
The United States Deputy Secretary of State for Management and Resources, Richard Verma, who called on Sri Lankan President Ranil Wickremesinghe, expressed appreciation for the efforts undertaken by the Sri Lankan Government to revitalize the economy.The post U.S. Deputy Secretary of State commends Sri Lanka’s economic efforts appeared first on ONLANKA - Sri Lanka Latest Breaking News and To...
- Senior U.S. official discusses Sri Lanka’s IMF program in Colombo (Category: Breaking News)
- U.S. Deputy Secretary Verma commends Sri Lanka s economic recovery efforts (Category: Breaking News)
- Princess Anne meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...
- June 30 declared a special bank holiday (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Central Bank Governor optimistic about IMF approval for Sri Lanka’s second tranche of extended f... (Category: Breaking News)
- 2303 Budget imperative to stabilize country s economy - CBSL governor (Category: Breaking News)
In his policy statement during the inauguration of the 5th session of the 9th parliament, President Ranil Wickremesinghe insists that the solution to the economic crisis lies in economic and scientific measures, not political ones. However, he draws inspiration from Confucius and urges citizens to introspect and cleanse their hearts, which can be seen as […]
- Bishops urge relief package for poor (Category: Breaking News)
- ACJU echoes Aragalaya demands (Category: Breaking News)
- Pope Francis implores Lankan leaders to listen to the cries of the people (Category: Breaking News)
- Heed people’s call for new political model (Category: Breaking News)
The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily
- China’s Efforts to Pressure Sri Lanka into Signing FTA through Debt Restructuring (Category: Breaking News)
- Maldives’ Anti-India Leadership Sparks Public Ire and Economic Turmoil (Category: Breaking News)
- Maldives’ Economic Downfall Under President Muizzu’s Choices (Category: Breaking News)
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
by Rajan Philips 2024 is election year practically everywhere. In South Asia, it is two down and two to go. Bangladesh went first in January, and the governing Awami League won the election as predicted, with the main opposition Bangladesh National Party boycotting the election and the government fielding independent candidates to avoid the embarrassment […]
- Executive Ranil Turns Constitutional Interpreter, As AKD Arrives Via India (Category: Breaking News)
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- 2024: The Year Of South Asian Elections (Category: Breaking News)
- Timetable set for India’s national election, deadlock elections loom in Sri Lanka (Category: Breaking News)
Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
- CCPI based headline inflation increases in November 2023 (Category: Breaking News)
[…]The post Executive Ranil Turns Constitutional Interpreter, As AKD Arrives Via India appeared first on Colombo Telegraph.
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- Electing A President: Three Against One In The US & Three Against Three In Sri Lanka (Category: Breaking News)
- 117th Birth Anniversary & Long Legacy Of JR Jayewardene (Category: Breaking News)
Sri Lanka is back in the geopolitical spotlight ahead of elections slated for later this year, and former President Maithripala Sirisena says Washington should be paying attention. Outside powers — specifically China — are exerting influence amid what Mr. Sirisena says is a moment of “great instability” for his country, a teardrop-shaped island just off […]
- Independent group yet to inform President on nominees for PM (Category: Breaking News)
- Maithripala says animals “playing games” and multiplying fast (Category: Breaking News)
- SLFP will not vote but will support elected President (Category: Breaking News)
- Maithripala Sirisena exposes Nimal Siripala (Category: Breaking News)
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA
- Sri Lanka’s official reserve assets up by 9.6% in April 2024 (Category: Breaking News)
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
- Corruption In Sri Lanka: The Root Of Modern Social Instability (Category: Breaking News)
- The Menace Of Political Nepotism: Sri Lanka’s Downfall (Category: Breaking News)
- NATO Expansion: The Untold Agreement & Its Role In The Ukraine War (Category: Breaking News)
- Shocking Incident Involving Mormon Leader’s Assault Of Sri Lankan Father Leads To Charges & Cour... (Category: Breaking News)
By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa says the proposed Economic and Technology Co-operation Agreement (ETCA) with India should be examined in the context of India’s geopolitical strategy in respect of Sri Lanka. Referring to a recent declaration by SLPP MP Rear Admiral (retd.) Sarath Weerasekera that the government parliamentary group hadn’t […]
- Wimal alleges Ranil, Sajith, AKD pursuing IMF, India agendas (Category: Breaking News)
- SLPP MPs not consulted on ETCA, alleges govt. member (Category: Breaking News)
- Geneva 51 session: Wimal questions legitimacy of India’s call for implementation of 13 A (Category: Breaking News)
- US pursuing ‘plan B’ with Prez, after Speaker turned down its offer (Category: Breaking News)
Japan has pledged USD 931,000 for a UNDP-led project meant to improve good governance by tackling corruption. A statement issued by the Japanese Embassy on behalf of the Sri Lankan government and the UNDP declared that in terms of the latest initiative ‘a Project for Promoting Economic Governance through Anti-corruption Policy Support’ they intended to […]
- Japan to provide anti-corruption policy support for SL to promote economic governance (Category: Breaking News)
- BASL asks its members to return Japanese funds (Category: Breaking News)
- Lanka won’t adopt reforms without int’l pressure – Japanese envoy (Category: Breaking News)
- Corruption stifles economic recovery – civil society groups (Category: Breaking News)
“The struggle for freedom for the people of Sri Lanka was not over with the country gaining independence in 1948. The freedom struggle must continue until every Sri Lankan believes and feels that he is an equal citizen of the country of his birth. This was stated by Director of the Walpola Rahula Institute of […]
- Tamils’ struggle for political rights reasonable, says Sumanthiran (Category: Breaking News)
- Easter Sunday carnage: Cardinal urges President to act on PSC findings (Category: Breaking News)
- Karu condemns Damitha’s arrest (Category: Breaking News)
- Will support correct decision by govt to resolve economic crisis - SLFP (Category: Breaking News)
In 2007, my late friend, Jackson Anthony, and his younger son visited us in Auckland during their trip to New Zealand, I recall that he talked about the Aba script during that period. We organised a small gathering for our friends who admire his talents. Amidst casual conversations, Jackson, well-versed in both Catholicism and Sinhala […]
- It Is The Society, More Than Polity That Is Responsible For Sri Lanka’s Predicaments (Category: Breaking News)
- World Science Day: Building Trust in Science (Category: Breaking News)
- Submissions of His Eminence Cardinal Malcolm Ranjith Before Lessons Learnt and Reconciliation C... (Category: Breaking News)
- Materialism vs Buddhism (Category: Breaking News)
[…]The post Sri Lanka’s Economic Recovery, Fourth Industrial Revolution & Professor Siegfried Zuern appeared first on Colombo Telegraph.
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies (Category: Breaking News)
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