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The 20th Communist Party Congress of China may put a hold on the Chinese restructuring talks with Sri Lanka to secure the $2.9 billion facility to revive the ailing economy. The deadline was set for December, but it may be extended to January, according to the Central Bank of Sri Lanka. China is the main […]
USAID Deputy Assistant Administrator of the Bureau for Asia, Änjali Kaur, arrived in Sri Lanka today for talks. Kaur is to assess USAID Sri Lanka support to the crisis and meet Government officials, academics, and researchers to learn how USAID can further collaborate. Just last week USAID Administrator Samantha Power met with Sri Lanka’s Foreign Minister […]
Saudi Arabia’s NEOM smart city offers a great opportunity for Sri Lankan professionals and skilled workers, a government minister from the South Asian nation said.The post NEOM offers Sri Lankan workers ‘lifetime opportunity,’ minister says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Monday 5th December, 2022 The holier-than-thou frontbenchers of both sides of Parliament have been displaying their knowledge of Buddhism, of late, by quoting extensively from the Sutta Pitaka, the way drunkards use lamp-posts—for support rather than illumination. A discussion on Dhamma in Parliament is like a conference on animal rights at an abattoir, or a […]
By Saman Indrajith Chief Opposition Whip Kandy District MP Lakshman Kiriella has asked the government when it will introduce the political reforms demanded by the international community. Speaking in Parliament on Saturday, Kiriella said that when the Opposition parties met the members of the Colombo-based diplomatic community during the Aragalaya protests, the latter had demanded […]
[…]The post World Bank Assistance Too Is Subject To Conditions! appeared first on Colombo Telegraph.
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
The Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the Island nation. While the Paris Club is still to formally reach out to India and China, two of Sri Lanka’s biggest creditors with […]
Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the island nation, the Hindustan Times reported.The post Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report appear...
Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the island nation, the Hindustan Times reported.
(UCAN) Religious leaders in Sri Lanka have urged the government not to promote the cultivation of cannabis for the sake of making income from export to ease the economic woes of the nation. Ven Omalpe Sobitha Thera, an acclaimed scholar, researcher and philanthropist, said that everyone should oppose the government’s effort to legalize cannabis. “An attempt to […]
ECONOMYNEXT —TNA Batticaloa District MP Shanakiyan Rasamanickam, who has been on the warpath with Beijing over an apparent lethargy in helping the crisis-hit Sri Lanka to restructure its debt, has warned of a “China, go home” protest campaign similar to the “Gota, go home” protests that unseated the country’s powerful former president in July. The […]
The Computer Society of Sri Lanka (CSSL) says brain drain has amongst the Information Communication Technology (ICT) sector professionals have affected their targets of achieving USD 3 billion in export revenues by 2024.
[…]The post An Unstable & Unusual New World: Survival Strategies For Lanka appeared first on Colombo Telegraph.
[…]The post From Crisis Prime Minister To Put Down President appeared first on Colombo Telegraph.
Sri Lankan Foreign Minister, Ali Sabry met with U.S. Secretary of State Antony Blinken at the Department of State in Washington DC on Friday (December 02).The post Minister Ali Sabry meets U.S. State Secretary Antony Blinken appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Applications to issue passports will be accepted online from January, 2023, The Immigration and Emigration Department announced.The post Sri Lanka decides to accept Passport applications online appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By R.K. RADHAKRISHNAN Member of Parliament Rajavarothiam Sampanthan, who has kept together a diverse coalition of Tamil political parties under the umbrella of the Tamil National Alliance since 2001, has witnessed many phases of the struggle since Sri Lanka became an independent country in 1948. Now 89 and largely confined to his official residence in […]
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Around 10,000 IT professionals had left the country, Damith Hettihewa, President of Computer Society of Sri Lanka (CSSL) tolf the media yesterday.Hettihewa said that they were leaving due to the current economic and political crisis. “There is a high demand for IT professionals across the world. There is a digital transformation in the world,” he […]
FitchRatings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria Observation, on which it was placed […]
=AG alleges Inland Revenue withheld info citing Constitution By Shamindra Ferdinando The Government Medical Officers Association (GMOA) yesterday (02) asked the government to explain its continuing failure to recover as much as Rs 773 bn in taxes, penalties and interest against the backdrop of unprecedented new tax hikes to bridge the record deficit. GMOA Secretary […]
US Secretary of State Antony J. Blinken and Sri Lankan Foreign Minister Ali Sabry had talks in Washington on debt restructuring and the International Monetary Fund (IMF) deal. Speaking to reporters ahead of his meeting with Sabry, Blinken noted that Sri Lanka and the US had almost 75 years of partnership with Sri Lanka. “We’ll […]
The utilization of 5,000 hectares of land in Moneragala, Kotiyagala and Kabilitta for farming was discussed yesterday (01 Dec), as a precautionary measure for the food crisis Sri Lanka is expected to face in the future.
[…]The post Charting A New Beginning? appeared first on Colombo Telegraph.
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France says it continues to support Sri Lanka’s ambitious path towards 70% renewable energy by 2030 despite the ongoing economic crisis. The French Development Agency (AFD)signed a grant agreement worth 450.000 Euros with the Ceylon Electricity Board (CEB) and Electricité de France (French electric utility) to support the increasing share of intermittent renewable energies in […]
Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria O...
The United States (US) says political reforms need to accompany economic reforms in Sri Lanka. USAID Administrator Samantha Power met with Sri Lanka’s Foreign Minister Ali Sabry to further USAID’s understanding of the Government of Sri Lanka’s priorities and reforms to address the country’s economic crisis. The two discussed how USAID can support a viable […]
Sri Lanka’s Colombo city is among the world's least expensive cities to live in according to the annual Economist Intelligence Unit (EIU) survey.The post Sri Lanka’s Colombo city among world’s least expensive cities to live appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.