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President Ranil Wickremesinghe emphasized that the future of Sri Lanka will be determined by the economic policies implemented over the next five years. The President delivered this statement while addressing the youth and business community in Mannar during his participation in the “Youth Conference” held on Sunday (16). The President initially attended the Mannar District […]
- Youth Parliament to be inaugurated by President (Category: Breaking News)
- How young voters helped Biden win Minnesota (Category: USA, Minnesota)
- Youth Parliament to meet under the patronage of President (Category: Breaking News)
- Youth Parliament to be inaugurated by President (Category: Breaking News)
Housing rights will be given to 250,000 low-income families in Colombo, President Ranil Wickremesinghe said. He said the program aims to ensure that every citizen owns land, a house, or a vehicle. President Wickremesinghe made these remarks at an event held at the Embilipitiya Mahaweli Stadium. The event was held to award freehold land deeds […]
- President says polls will decide country’s success or failure (Category: Breaking News)
- Elon Musk thanks Ranil for greenlight to launch Starlink (Category: Breaking News)
- Malawi VP confirmed dead in plane crash in forest (Category: Breaking News)
- LPL franchise Dambulla Thunders get new owner (Category: Breaking News)
Sri Lanka’s Ministry of Finance, Economic Stabilization and National Policies says the proposed homeowners tax will target high wealth individuals and not average income earners. The Ministry of Finance says the objective will be achieved by a suitable tax-free threshold to ensure that the tax is targeted on very high value property or multiple properties […]
- Taxable income of individuals revised (Category: Breaking News)
- VAT and Telecommunications Levy increased in tax reforms (Category: Breaking News)
- Petitions filed accusing Finance Secretary of contempt of court (Category: Breaking News)
- Bureau of Rehabilitation Bill inconsistent with Constitution (Category: Breaking News)
Addressing the Mannar District Development Committee meeting held at the Mannar District Secretariat on Sunday (16), President Ranil Wickremesinghe said that it is unfair to arrest and fine pilgrims on their way to sacred sites like Madhu Church and Sri Pada.and assured that pilgrims visiting Madhu Church will be provided with all necessary facilities to […]
- Transport facilities for the Madhu Feast (Category: Breaking News)
- About 300,000 devotees expected at annual Madhu Church Feast (Category: Breaking News)
- Annual Madhu Church Festival begins in Northern Sri Lanka (Category: Breaking News)
- Lankem Robbialac paints Madhu Church for annual feast (Category: Business)
Sri Lanka s economy showed significant growth more than anticipated in the first quarter, marking a strong recovery from a severe foreign exchange crisis.
[…]The post Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka appeared first on Colombo Telegraph.
- Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
President Ranil Wickremesinghe yesterday said that a pre-feasibility study for a land connection between Sri Lanka and India has been completed, and a full feasibility study will be conducted in the near future, the President’s Media Division said. The President stated so when he met with Most Rev. Dr. Fidelis Lionel Emmanuel Fernando, the Bishop […]
- President meets the Bishop of Mannar (Category: Breaking News)
- President and Mannar Bishop discuss concerns on renewable energy projects (Category: Breaking News)
- President announces plans to develop Mannar as an energy hub (Category: Breaking News)
- Sri Lanka to conduct full feasibility study on land connection with India - President (Category: Breaking News)
by Nalaka Samaraweera The new National Education Policy Framework (NEPF), currently being implemented by the government, has begun to be noticed by the public. However, there is a noticeable absence of an in-depth discussion on the implications of the policies it proposes. So far critics have quite convincingly pointed out the neoliberal motives behind the […]
- Provincializing Universities: The Risks & Dangerous Precedent Of The Newly Proposed NEPF (Category: Breaking News)
- Scrutinizing The Newly Proposed NEPF: Education Reform Or Hidden Agenda? (Category: Breaking News)
- Say no to NEPF! Say no to abolishing free education! (Category: Breaking News)
- Whither The National Education Policy Framework Of Sri Lanka? (Category: Breaking News)
The Ministry of Finance yesterday said that the focus of envisaged Rental Income Tax was on high-wealth individuals, and not on average income earners. In a statement titled ‘Clarification on Imputed Rental Income Tax’ the Ministry said: The recent publication of the International Monetary Fund (IMF) supported Extended Fund Facility (EFF) programme related documents make […]
- Govt to introduce imputed rental income tax due to failure to implement property tax? (Category: Breaking News)
- Smokers, drinkers hit by index linked taxes (Category: Breaking News)
- Proposed homeowners tax to target high wealth individuals (Category: Breaking News)
- Finance Ministry issues clarification on proposed imputed rental income tax (Category: Breaking News)
Monday 17th June, 2024 The SLPP-UNP government is crowing about the release of the third tranche of the IMF loan, and has undertaken to fulfil some more bailout conditions such as the introduction of an imputed rental income tax. It has said the new tax will affect only the high-net-worth individuals, but the proof of […]
- Report to be soon out on those who slip through the tax net (Category: Breaking News)
- Govt: Rental income tax will affect only high-wealth individuals (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
[…]The post AKD’s NPP Must Win, But Where Is His Agenda & Platform? appeared first on Colombo Telegraph.
- A Letter To Anura Kumara Dissanayake – Spell Out Your Agenda (Category: Breaking News)
- The Curse Of JRJ Constitution Continues (Category: Breaking News)
- Lessons From America (Category: Breaking News)
- On Arrival Visa Fiasco – What A Shame On Our Nation (Category: Breaking News)
[…]The post My Red Comrade – A Hunted Woman, A Lost Man & The Dark Secrets Of A Nation On A Stormy Night appeared first on Colombo Telegraph.
- War, Peace & Lies (Category: Breaking News)
- A Tribute To Mrs Sriya Malathi Gunasekera, Wife Of Late Comrade Prins Gunasekera (Category: Breaking News)
- My Red Comrade: A Review (Category: Breaking News)
- Gender Equality, Empowerment Of Women & The JVP: Capitalism & Empowerment Of Women (Category: Breaking News)
By N Sathiya Moorthy First, Team Ranil had claimed that the incumbent would be a ‘national candidate’ in the presidential polls due by mid-October. Since then, President Ranil Wickremesinghe himself has declared that the polls will decide the country’s success or failure. According to him, if the people are satisfied with his government’s policies and programmes […]
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
President Ranil Wickremesinghe and Mannar Bishop. Most Rev. Dr. Fidelis Lionel Emmanuel Fernando, discussed concerns over proposed renewable energy projects. The discussion took place at the Mannar Bishops House, Sunday. The Bishop of Mannar commended President Ranil Wickremesinghe for his economic reform efforts aimed at rescuing the country from its financial crisis. During their meeting, [̷...
- Ranil meets Wigneswaran for talks in Jaffna (Category: Breaking News)
- Sri Lanka to conduct full feasibility study on land connection with India - President (Category: Breaking News)
- US and Sri Lanka’s Election Commission discuss importance of free and fair polls (Category: Breaking News)
- India notes steady progress in relations with Sri Lanka (Category: Breaking News)
[…]The post RW’s Economic Transformation Bill & NPP’s Systemic Transformation appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Politics Behind A Politician’s Gold (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
by Amal JAYASINGHE (AFP) When Sri Lanka’s economy crashed in 2022, people sought work abroad wherever they could find it — including ex-soldiers who joined forces fighting in Ukraine after Russia’s invasion. Now the veterans — some of whom swapped their life savings for what they thought would be lucrative, non-combat jobs — are desperate […]
- Russia promises end to recruitment of SL military personnel (Category: Breaking News)
- Dayasiri urges Parliament to appoint committee to probe Lankans fighting in Ukraine-Russia war (Category: Breaking News)
- SL urges tri-forces members not to become mercenaries in Russia or Ukraine (Category: Breaking News)
- Sri Lanka to repatriate nationals trafficked into Russia-Ukraine war (Category: Breaking News)
ECONOMYNEXT –Sri Lanka’s constitution could allow President Ranil Wickremesinghe to extend his tenure by almost a year due to a mistake in the constitution that has been overlooked since the 19th Amendment in April 2015. The sweeping 19th Amendment sought to establish democratic reforms, ensure good governance, and shorten the terms of both the president […]
- Conflict left in Sri Lanka constitution to avoid referendum (Category: Breaking News)
- Referendum on prez poll not possible without 2/3 House majority (Category: Breaking News)
- Lawyers’ Collective condemns proposal for poll postponement (Category: Breaking News)
- Parliament prorogued on Friday night (Category: Breaking News)
Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting to recover, but the economy was “still vulnerable and the path […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Cancel Sri Lanka s debt, global economists tell creditors (Category: Breaking News)
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
By Easwaran Rutnam Gitanjali Chakravarthy, General Manager, Hilton Yala Resort, Sri Lanka says there is a slow but sure shift towards gender diversity, inclusivity and equity. In an interview with Colombo Gazette, Chakravarthy says the evolving societal perceptions around gender roles, coupled with an increased emphasis on gender equality, have also contributed to a more […]
- Hilton Colombo celebrates 35 Years In Sri Lanka (Category: Breaking News)
- Hilton Colombo Wins 2022 Tripadvisor Travelers’ Choice Award for Hospitality Excellence (Category: Breaking News)
- Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities (Category: Breaking News)
- Movenpick Colombo rebranded as NH Collection Colombo (Category: Breaking News)
Unbundling the Ceylon Electricity Board: by Rajan Philips There is no question – the Ceylon Electricity Board has grown into a public sector behemoth. It has become the Leviathan of Sri Lanka’s political economy. It sucks up government cash and owes an unpayable debt of about LKR600 billion; it counts 21,988 employees on its payroll […]
- The Petroleum Bill – its quiet passage and disquieting politics (Category: Breaking News)
- More Lawyers & Accountants Than Engineers To Unbundle The CEB (Category: Breaking News)
- Sumanthiran launches blistering attack on Supreme Court (Category: Breaking News)
- Devolution under 13A (Category: Breaking News)
Egg on the face or the Emperor’s new clothes? Pick what you will. Both the president and his government has made a song and dance about a Rs. 1,700 daily wage for plantation workers with President Ranil Wickremesinghe announcing it on May Day at a Ceylon Workers Congress (CWC) rally at Kotagala. Shortly thereafter Labour […]
- Thondaman alleges PA is in the grip of chartered accountants (Category: Breaking News)
- Rs. 1,700 minimum wage for estate workers: Govt. claims win in first round (Category: Breaking News)
- Govt prepared to confront legal action from companies over estate workers wage hike - Jeevan (Category: Breaking News)
- Minister Jeevan warns plantation companies (Category: Breaking News)
Lurking danger from trained soldiers in want by Saman Indrajith United Republican Front leader, Patali Champika Ranawaka, MP, says that Sri Lanka faces the danger of becoming a ‘narco-state’ if immediate action is not taken to stop the growth of what he describes as the ‘political underworld.’ “There is a political underworld operating in this […]
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- CP Chief calls for re-alignment of political forces to thwart Ranil (Category: Breaking News)
- CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-incom... (Category: Breaking News)
- Sri Lanka’s tax hike could force professionals to migrate – analysts (Category: Breaking News)
Sri Lankan authorities have formulated an initial roadmap to ease restrictions on motor vehicle imports by 2025. According to the IMF, this plan will commence with the imports of public passenger and special purpose vehicles in the third quarter of 2024, followed by goods transport vehicles in the fourth quarter of the same year. By […]
- Lanka imports record number of 3-wheelers from India (Category: Breaking News)
- Import restrictions further relaxed (Category: Breaking News)
- Sri Lanka relaxes rules on imports of reconditioned cars (Category: Breaking News)
- Sri Lanka's tax revenues from vehicle imports increase more than three-fold (Category: Breaking News)
[…]The post More Lawyers & Accountants Than Engineers To Unbundle The CEB appeared first on Colombo Telegraph.
- How many Lawyers, Accountants does the Minister need to change an electric bulb? (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- A Tale Of Two Addendums & Ekwa Negitimu Miscarriage (Category: Breaking News)
- Election Year Road Map For Constitutional Reforms (Category: Breaking News)
‘That legislation in its entirety is illegal and contrary to the unitary status –Gen Dias By Shamindra Ferdinando The full implementation of the 13th Amendment to the Constitution portends massive risks and, therefore, those political parties and alliance seeking to woo Tamil speaking voters should be wary of the threat to the country’s unitary status, top constitutional […]
- Implementation of Yahapalana strategy President’s real intention – Manohara (Category: Breaking News)
- PM reiterates commitment to unitary character of state (Category: Breaking News)
- 22 A: Amendments accepted at ‘committee stage’ should be subjected to SC approval (Category: Breaking News)
- SLPP urged to take up GR’s draft constitution with Prez (Category: Breaking News)
Chair of the Sectoral Oversight Committee on National Security retired Vice Admiral Sarath Weerasekera has said an external mechanism is in place to prepare the ground for a war crimes probe against the Sri Lankan military and those who provided political leadership for the country’s war on terror. Addressing the last SOC held in the Parliamentary complex, […]
- Govt. urged to seek UK position on Naseby disclosure (Category: Breaking News)
- ‘Genocide’: Dire warning issued over Canadian move, Sabry asked to move resolution in parliament (Category: Breaking News)
- Amnesty International head to join M’vaikkal commemoration (Category: Breaking News)
- Sarath draws RW’s attention to humiliation of military officers (Category: Breaking News)
Saturday 15th June, 2024 The Sri Lanka police are known for their efficiency, which is unfortunately selective in most cases. They swing into action and make arrests in double quick time when lawbreakers happen to be ordinary people. They even act on social media videos—and rightly so—in arresting suspects. A few weeks ago, they swooped […]
- Argument between TNA MP and police: Public Security Minister calls for report (Category: Breaking News)
- Another suspect arrested over murder of MP Amarakeerthi (Category: Breaking News)
- Statement from Duminda not recorded (Category: Breaking News)
- SW asks if mishandling of Rambukkana incident led to May 09 violence (Category: Breaking News)
The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka Peter Breuer stated that the IMF fully respect the democratic […]
- Serious consequences of failing to implement IMF programme (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
- Delays in governance and transparency reforms in Lanka’s IMF bailout programme, says Verité Rese... (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
Groundbreaking solar-powered battery swapping stations recognized for their impact on sustainable urban mobility and economic development in Sri Lanka The U.S. Embassy announced on Friday that Sri Lanka’s USAID-funded Sri Lanka Energy Project (SLEP) has received top honours at the 2024 annual conference for the Society for International Development, the premier U.S. event for international [̷...
- Sling Hope (Category: Business)
- Sling King (Category: Business)
- Well-orchestrated drama to sling mud at Sri Lanka (Category: Breaking News)
- USAID to establish battery-operated swapping stations for E-bikes (Category: Breaking News)
The International Monetary Fund (IMF) states that sufficient progress has been made for Sri Lanka's debt restructuring process to move forward.The post IMF reports progress in Sri Lanka’s debt restructuring amid economic vulnerabilities appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- IMF hints no room for any new govt. to wriggle out of agreed reforms after polls (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- IMF says Sri Lanka must reach timely restructuring deals with creditors (Category: Breaking News)
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