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The key stock index has gained 9.3% in the last 7 sessions.
Sri Lanka's tax revenue is one of the lowest in the world in terms of GDP ratio.
Another athlete of Sri Lanka s 161-strong contingent at the 2022 Commonwealth Games in Birmingham, England is reported missing, according to foreign media.
Wickremesinghe says if no alternative, the govt will have to go with the IMF programme
Certainly it will have far reaching consequences
The UK Government is assisting a Scottish woman who’s passport was seized by immigration officers in Sri Lanka. The Immigration and Emigration Department seized the passport of Kayleigh Fraser, accusing her of misusing her visa, granted to visit Sri Lanka. Fraser had been given a visa to visit Sri Lanka for medical reasons but she […]
New account created in all banks to help invest in Colombo Port City
Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]
Minister of Foreign Affairs M.U.M. Ali Sabry is in Phnom Penh, Cambodia to take part in the forthcoming 29th ASEAN Regional Forum (ARF) Ministerial Meeting yesterday and today.The ASEAN Regional Forum (ARF) is composed of 27 members, consisting of 10 ASEAN member states, Dialogue Partners, Observers and includes Australia, Canada, China, the European Union (EU), […]
Friday 5th August 2022 Sri Lanka’s struggle to shore up its crumbling economy continues, and there are no signs of promised foreign assistance materialising anytime soon. The Cabinet has just retained the services of some foreign firms for external debt restructuring, which is one of the main conditions for the IMF bailout package. When the […]
The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing an unprecedented economic meltdown with inflation in July hitting a record 60.8% and the country still facing […]
Will there be yet another diplomatic flashpoint between India and Sri Lanka over the scheduled arrival Wang 5 spy vessel at the Southern Hambantota Port close to mid-August? The spy vessel has put India in a strategic dilemma and wants Sri Lanka to refuse entry to the Sri Lankan territorial waters owing to security concerns. […]
Norway is concerned about the food and nutrition crisis in Sri Lanka. The Norwegian Government is providing NOK 13 million (approx. Rs. 490 million) to the World Food Programme (WFP), United Nations Children’s Fund (UNICEF) and the UN Population Fund (UNFPA) in Sri Lanka to address food, nutrition and protection needs of the most vulnerable […]
SriLankan Airlines has denied claims with regards to the meals in the business class seating of its flights. A video shared on social media showed a passenger raising concerns over the unavailability of a meal he had ordered in one SriLankan Airlines flight. SriLankan Airlines said that on this particular flight business class passengers were […]
Sri Lanka is in a moment of challenge and crisis but has an opportunity to create a more democratic and inclusive government, U.S. Secretary of State Antony Blinken said on Thursday.The post Sri Lanka crisis an opportunity for more democratic, inclusive Government – Blinken appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The United States and India have had high-level talks on the situation in Sri Lanka. US Secretary of State Antony Blinken discussed the situation in Sri Lanka at a meeting with Indian External Affairs Minister S. Jaishankar. Blinken tweeted saying during the meeting with Jaishankar he discussed the implications of Russia’s aggression against Ukraine and Sri […]
[…]The post Kapila Jayasekera: Killer-In-Chief In Both ACF & Five Students Cases appeared first on Colombo Telegraph.
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms
The Ambassador of Korea in Sri Lanka, Woonjin Jeong paid a courtesy call on Minister of Foreign Affairs of Sri Lanka, Ali Sabry on 29 July, 2022 at the Ministry.
Indian media had reported that India had raised the issue of the Chinese research vessel that is scheduled to arrive at the Hambantota Port, with President Ranil Wickremesinghe. India had raised concerns after the Ministry of Defence in Colombo confirmed the ship’s arrival, despite New Delhi clearly outlining its concerns regarding the arrival of this […]
ECONOMYNEXT – Sri Lanka’s Yupun Abeykoon has bagged the Bronze at the men’s 100 metre event at Commonwealth Games 2022 as his country reels from the worst currency crisis in the history of the island’s 72-year old central bank.Abeykoon won bronze clocking the 100 metres at 10.14 seconds, just behind South Africa’s Akani Simbine at 10.13 percent and Kenya’s Ferdi...
by Chandre Dharmawardana, [email protected]. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
By Hiran H. Senewiratne Sri Lanka’s Life insurance penetration is less than 2 per cent of the total population; but the sector has enormous potential to grow. However, the motor insurance sector is doing well because every vehicle owner has to obtain a vehicle insurance policy, newly appointed chairman, Sri Lanka Insurance Corporation Ltd Ronald […]
Thursday 4th August 2022 President Ranil Wickremesinghe has proved that he is playing his new role with aplomb, and is desirous of adopting a novel approach to governance, if his maiden policy statement is anything to go by. He had yesterday’s ceremony to mark the inauguration of the third session of the ninth Parliament pared […]
Sri Lanka has lost many FDIs due to political disagreement at parliament level.
Investors bought the risky assets despite high interest rates.
[…]The post Ranil Wickremesinghe In Presidential Avatar appeared first on Colombo Telegraph.
[…]The post Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya appeared first on Colombo Telegraph.
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...