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Sri Lankan President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it and that following this vote, the key points of the agreement would be enacted into law.The post Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka President appeared...
The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By N Sathiya Moorthy Like leaders of nations that want to encourage privatisation of existing public sector enterprises, President Ranil Wickremesinghe too has said that the State need not do business. Instead, the job of the government is to provide services such as education and health, and maintain law and order, he said in a […]
President Ranil Wickremesinghe said that it is crucial for students in the country to have comprehensive knowledge of modern technology and continually update themselves with the latest advancements to prepare for the future.The post Students should be equipped with modern technology to take over the country by 2048 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
The gates have been shut for over 20 Ceylon Petroleum Corporation (CPC) employees who went on strike. Minister of Power and Energy Kanchana Wijesekera said that the employees who did not report to work today (29 March) were sent on compulsory leave and banned from entering the CPC premises. The Minister also said that fuel distribution […]
By Zinara Rathnayake It is 9am in the Carlton estate in Thihagoda, a small town about 160km (100 miles) south of Sri Lanka’s capital Colombo, and the July sun hides behind inky clouds. The air is thick and hot. Two men walk to the main estate building carrying piles of cinnamon branches. Inside, a group of […]
[…]The post The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri Lanka appeared first on Colombo Telegraph.
Parliament is facing a shortage of eggs, Minister of Trade, Commerce and Food Security Nalin Fernando said today. Fernando said that Sri Lanka has facing a serious shortage of eggs in the market. “Eggs could not even be supplied to Parliament over the past two weeks,”
Five Sri Lankan Tamil asylum seekers who attempted suicide on the British-held Indian Ocean island of Diego Garcia have been sent to Rwanda for medical treatment, The New Humanitarian has learned. The news follows a recent backlash against the British government’s immigration deterrence policies and a scandal that involved 200 unaccompanied minors who went missing […]
Significant human rights abuses were recorded in Sri Lanka in 2022, the US State Department said in its annual Country Reports on Human Rights Practices released by US Secretary of State Antony J. Blinken. The 2022 Country Reports on Human Rights Practices noted there were reports that members of the security forces, primarily police, committed […]
Virtusa Sri Lanka celebrated International Women’s Day at Shangri-La, Colombo today, as part of its global campaign to close the gap in gender equity across the IT industry and STEM fields. Virtusa, a global provider of digital strategy, digital engineering and IT services and solutions, will host the global Engineering Equity hackathon, to spur […]
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
shortage of medicine, and hundreds of doctors have left the country for economic reasons. I […]
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
[…]The post Supreme Court Shows Democratic Route To Government appeared first on Colombo Telegraph.
By Jehan Perera The economy is beginning to give indications of macro stability which President Ranil Wickremesinghe has made his primary objective. The most visible of these is the appreciation of the rupee against the dollar and other international currencies which signals a shift from the previous trend of depreciation. Over the past year the […]
By Dr. K. Ajith Kumara Consultant Physician President, All Ceylon Medical Officers Association The prevailing economic situation in the country has resulted in many adverse effects on health of the Sri Lankans. A vast majority of people are unable to afford for health expenditure at personal levels while the health system is on the verge […]
[…]The post New Central Banking Bill: Positive But Gaps Need To Be Filled appeared first on Colombo Telegraph.
[…]The post Elections & Economic Recovery appeared first on Colombo Telegraph.
The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.The post World Bank’s IFC to provide Sri Lanka with $400 million financing appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
A decision has not been taken to suspend the fuel pass QR code system from April, Power and Energy Minister Kanchana Wijesekera said today. There were reports that the fuel pass QR code system will be suspended from 10th April. However, Wijesekera said the system will continue. He said that data will be analysed and […]
Sri Lanka President Ranil Wickremesinghe says a separate unit will be established to send military personnel overseas to assist in times of health crises.The post Sri Lanka President pledges a new chapter for the field of Military Medicine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Government is to introduce non-paying wards in private hospitals, President Ranil Wickremesinghe said. Wickremesinghe said that the Government is looking at the possibility of introducing paying wards in Government hospitals and non-paying wards in private hospitals. He said the Government will take the tab for the treatment made in non-paying wards in private hospitals. […]
The Human Rights Commission of Sri Lanka (HRCSL) has decided to conduct a special probe into the shortage and soaring prices of medicines, following a petition lodged in this regard.
By Rathindra Kuruwita There was no way the Health Minister could ensure the quality of the drugs that are not registered in Sri Lanka, the President of the College of Medical Laboratory Science (CMLS), Ravi Kumudesh, told The Island yesterday. Recently, Minister Keheliya Rambukwella said in Kandy that it took between six to 12 months […]
Sri Lanka has secured Japanese assistance to run government hospitals. The Japanese Ambassador Mizukoshi Hideaki yesterday (22) signed an Exchange of Notes, with the Secretary to the Treasury, Mahinda Siriwardana, at the Presidential Secretariat. for a humanitarian grant assistance of USD 46 million in providing diesel fuel for public hospitals, across the country, Earlier, China provided […...
President Ranil Wickremesinghe today revealed China’s refusal to agree to the same conditions placed by India and the Paris Club when restructuring Sri Lanka’s debt. He said that the International Monetary Fund (INF) had proposed that all of Sri Lanka’s main creditors reach a consensus on restructuring Sri Lanka’s debt. Wickremesinghe said that while the […]
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.