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The International Monetary Fund (IMF) wants Sri Lanka to work on governance issues and to also stick to the IMF supported program. Krishna Srinivasan, IMF Director of the Asia and Pacific Department noted that Sri Lankans faced a very difficult challenge when they embarked on the IMF program. “And so far, what we’ve seen is […]
A partnership between an Indian and a Russian firm has secured the management rights for the Mattala Rajapaksa International Airport in Hambantota. The airport, once infamous as the “world’s emptiest airport” due to minimal flight activity, is now under the purview of Shaurya Aeronautics (Pvt) Ltd of India and Airports of Regions Management Company of […]
Wednesday 1st May, 2024 Another International Workers’ Day has dawned. Grand preparations have been made in this country to celebrate it amidst an unprecedented economic crisis. These celebrations, however, have little or nothing to do with workers; they have apparently
‘Public Debt Management Bill threat to democratic governance’ By Shamindra Ferdinando Opposition MP Charitha Herath yesterday (30) alleged that the controversial Public Debt Management Bill that had been tabled in Parliament last week was aimed at bringing public sector finance entirely under the Finance Minister. Claiming that UNP leader and President Ranil Wickremesinghe, in his […]
Fuel prices in Sri Lanka have been revised with effect from May 1, 2024.The post Sri Lanka revises fuel prices from May 1, 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
A leading Sri Lankan businessman, through his company Supreme Global Holdings, has entered the race to acquire the national carrier, SriLankan Airlines. The Expression of Interest (EOI) process, which concluded today, saw the surprising participation of Supreme Global, signaling a potentially transformative shift in the airline’s ownership and management. Supreme Global has formed a robust […...
A leading Sri Lankan businessman, through his company Supreme Global Holdings, has entered the race to acquire the national carrier, SriLankan Airlines. The Expression of Interest (EOI) process, which concluded today, saw the surprising participation of Supreme Global, signaling a potentially transformative shift in the airline’s ownership and management. Supreme Global has formed a robust […...
JVP/NPP leader Anura Kumara Dissanayake, who is currently visiting Sweden, says Sri Lanka’s crisis has arisen from the prevailing political culture, which needs a radical shake-up. Addressing a group of Sri Lankan expatriates at Stockholm on Saturday, Dissanayake said it was only through political
The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus on economic reforms will be critical to avoid recurring […]
[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
In the sleepy, verdant village of Ambagaswewa, in the Polonnaruwa district of Sri Lanka’s North Central province, 63-year-old TMH Gamini Sunil Thennakoon’s life is peaceful for the most part. On the brink of retirement, he still spends most days out working his rice paddies but is also content spending his days playing with his grandchildren […]
Efforts to attract international players to invest in Sri Lanka’s Oil and Gas exploration in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. A statement noted that Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation two blocks adding to over 5,000 square […]
[…]The post From Absurdities To Atrocities, Again? appeared first on Colombo Telegraph.
Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation of two blocks adding to over 5,000 square kilometers with potential oil and gas resources in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. According to the latest developments in the CA (Writ) Application […]
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Devolution & The Coming Elections appeared first on Colombo Telegraph.
Spanish Prime Minister Pedro Sánchez has suspended public duties to “stop and reflect” on whether to remain in the job, after a court opened a preliminary inquiry into his wife. In a statement, the Spanish leader said he urgently needed to decide “whether I should continue to lead the government or renounce this honour”. The […]
A Chinese Communist Party delegation including the Deputy Minister of the Department of the International Affairs of the Chinese Communist Party had talks with National Peoples’ Power (NPP) leader Anura Kumara Dissanayake. The Chinese delegation consisted of Sun Haiyan, Deputy Minister of the Department of International Affairs of the Communist Party of China and member […]
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
A delegation, led by Sun Haiyan, Deputy Minister of the Department of International Affairs of the Chinese Communist Party, met with National People’s Power (NPP) leader Anura Kumara Dissanayake at the JVP head office this morning (April 23).The post Chinese Communist Party delegation meets Anura Kumara appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part II appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe declared the government’s commitment to ensuring inclusivity in strengthening the country’s economy, prioritizing both economic growth and citizen welfare.The post Sri Lanka President initiates monthly rice distribution for low-income families appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Rathindra Kuruwita The ongoing battle for control of the SLFP took an unexpected turn, on Sunday (21), with the Executive Committee of the party appointing Justice Minister Dr. Wijeyadasa Rajapakshe as the Acting Chairman of the party. Dr. Rajapakshe contested the last general election on the SLPP ticket.The SLFP Executive Committee was convened by […]
By Norman Palihawadana Archbishop of Colombo Cardinal Malcolm Ranjith yesterday (21) said the leaders of all faiths had joined the Galle Face protest campaign, but the Catholics had been singled out for criticism. Declaring that the protest campaign had been fueled by the economic crisis
[…]The post Iran-Israeli Tit For Tat, India’s Vote Marathon & Lanka’s Long Election Eve appeared first on Colombo Telegraph.
[…]The post On The Issue Of The Failure To Obtain Justice For The Victims Of The Easter Sunday Massacre appeared first on Colombo Telegraph.
[…]The post Debt, Divestiture & Discontent appeared first on Colombo Telegraph.
ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific
by Rajan Philips As Sri Lankans took time off to mark the national New Year last week, Iran launched a spectacle of drone and missile attacks against Israel. This was the first direct attack by Iran on Israel after the Islamic Revolution in 1979. Until now Iran has been using proxies to harass Israel – […]