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[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will soon reach agreements with external commercial creditors consistent with program parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front,” Julie Kozack, Director of the IMF Communications Department, said during a press briefing […...
by K.Locana Gunaratna, PhD Following some independence from the Colonial British through the Donoughmore Constitution in 1931, our prime indigenous concerns focused on agriculture for domestic consumption and on the broad-basing of education. These particular achievements were due respectively to two farsighted Sri Lankan politicians: D.S.Senanayake and C.W.W. Kannangara. They were the first Sri L...
Sri Lanka has seen a notable increase in remittances from expatriate workers in recent months, with May 2024 bringing in USD 544.4 million.The post Expatriate remittances to Sri Lanka surge by 11.8% in first five months of 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The International Monetary Fund (IMF) on Thursday (06) asserted that Sri Lanka could soon reach agreements with external commercial creditors consistent with programme parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front,” Julie Kozack, Director of the IMF Communications Department, told the media. On March 21st, the […...
The International Monetary Fund (IMF) says macroeconomic policy reforms are starting to bear fruit in Sri Lanka. Julie Kozack, Director of the IMF Communications Department said that commendable outcomes include rapid disinflation, robust reserve accumulation, and initial signs of economic growth, while preserving stability of the financial system. “Program performance is strong with most qu...
Senior Advisor to the President on National Security and Chief of Presidential Staff Sagala Ratnayaka said that an allowance of LKR 10,000 will be provided to every household affected by the flood.
Sri Lanka s official reserve assets has recorded a marginal drop by 0.9% to USD 5.42 billion in May 2024 compared to USD 5.47 billion in April 2024, according to the Central Bank of Sri Lanka (CBSL).
The International Monetary Fund (IMF) believes Sri Lanka will soon finalize agreements with external commercial creditors that align with program goals.The post IMF expects Sri Lanka to finalize deals with creditors soon appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Should The Economic Transformation Bill Proceed? – Part II appeared first on Colombo Telegraph.
[…]The post Can Sajith Foul Up Ranil’s Well-Laid Plans? appeared first on Colombo Telegraph.
[…]The post Should The Economic Transformation Bill Proceed? appeared first on Colombo Telegraph.
Sri Lanka’s leading e-commerce platform Daraz announced the launch of the Daraz Mid-Year Sale, running from June 6 to 12, 2024 featuring a wide array of fashion, lifestyle, beauty, mother & baby and electronics products, with unbeatable deals and Free Delivery vouchers. This mega sale event will offer shoppers over Rs. 10 million worth of […]
Poverty is one of the most pressing and pervasive issues facing the world today. It affects billions of people globally, diminishing their quality of life, limiting their opportunities, and perpetuating a cycle of deprivation that can span generations. Understanding poverty requires a multidimensional approach that goes beyond mere economic measures. It encompasses social, cultural, political, [&#...
‘Far-reaching laws are being enacted without sufficient debate, consultations’ By Shamindra Ferdinando Two dissident SLPP MPs, Prof. G. L. Peiris and Gevindu Cumaratunga at separate media briefings on Monday (03) urged the SLPP parliamentary group not to throw its weight behind President Ranil Wickremesinghe efforts to enact laws inimical to the country in the run-up […]
The Cabinet of Ministers approved the proposal presented by the Minister of Irrigation to obtain the services of the World Meteorological Organization, an international organization with extensive experience in the field of meteorology and hydrology and the technical ability to improve emergency warning systems to implement the Climate Resilience Multi-Phase Programmatic Approach program. The Clim...
Taking in to account the recommendations of the Committee chaired by the Secretary to the President and comprised of members including Governor of the Central Bank of Sri Lanka, Secretary to the Treasury, and Senior Economic Adviser to the President of Sri Lanka, the Cabinet of Ministers approved the proposal presented by the President in […]
[…]The post Proposed Enactment Of The Economic Transformation Bill appeared first on Colombo Telegraph.
The government would introduce a concessionary loan scheme this week for small and medium scale enterprises struggling to stay afloat due to the economic crisis, Secretary to the Ministry of Industries Shantha Weerasinghe said. Weerasinghe said loans would be provided at an interest rate of 7%. Loans up to Rs. 5 million could be obtained […]
[…]The post Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Failure? appeared first on Colombo Telegraph.
A seven-member delegation from Sri Lanka, focusing on public procurement, commenced a three-day experience-sharing visit to Bangladesh Public Procurement Authority (BPPA). The visit aims to understand the electronic Government Procurement (e-GP) system, introduced by BPPA. The delegation was welcomed today at BPPA by the Chief Executive Officer (CEO) of BPPA, Mohammed Shoheler Rahman Chowdhury. E....
[…]The post A Global Tropical Coral Bank: Responding To The Increasing Frequencies Of Coral Bleaching & Loss appeared first on Colombo Telegraph.
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Sri Lankan Department of Immigration and Emigration has reintroduced the “Investor Visa” program. This revamped initiative, aimed specifically at non-Sri Lankans interested in purchasing condominium units, is set to go live online on June 1st, 2024. The announcement followed a […]
[…]The post Ministry Of Finance, Economic Stabilization & National Policies appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) and the World Bank Group said Friday they deepened joint efforts to bolster climate action.
[…]The post Politics Of Paranoia appeared first on Colombo Telegraph.
The Colombo High Court yesterday (31) ordered the release of former Central Bank Governor Ajith Nivard Cabraal and three other defendants in a case filed against them alleging financial losses caused to the government as a result of investments in Greek Treasury bonds in 2012. The counsel for the former CBSL Chief told court that […]
Group D preview: South Africa and Sri Lanka are the two highest ranked teams in the group, but there is not much between all five sides.Former ICC Men’s T20 World Cup champions Sri Lanka find themselves in Group D alongside South Africa, Bangladesh, Netherlands and Nepal for the upcoming tournament. This group promises thrilling matches […]
Former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal has been released from the 2012 Greek treasury bond case. The Colombo High Court ordered the release of the former Governor and three others. Legal action had been filed against Cabraal and the three others, by the Commission to Investigate Allegations of […]
The Welfare Benefits Board has clarified that reports on social media claiming the cessation of allowance for the elderly with the implementation of the Aswasuma Welfare Scheme are false. Over Rs.1, 518 million has been allocated to district secretariats for Senior Citizens Allowance in May 2024. Although payments were delayed due to technical issues, the […]