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In July 2022, Sri Lanka witnessed the inauguration of President Ranil Wickremesinghe amidst a severe economic and political turmoil, marking one of the most challenging crises since gaining independence in 1948. Preceding him, former President Gotabaya Rajapakse had been compelled to step down following widespread protests triggered by extended 12-hour power outages and ongoing scarcities […...
- Port City, SLT, and Lotus Tower brought under new Ministry (Category: Breaking News)
- Colombo Lotus Tower attracts over 1.4 million visitors (Category: Breaking News)
- SLTDA denies issuing tickets to visit Lotus Tower (Category: Breaking News)
- Lotus Tower to commence operations in September (Category: Breaking News)
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022
- HSBC China fund JV to expand, internationalisation in focus (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Taiwan CB says hot money returning to markets (Category: Business)
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
by Laura He China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second economy is itself the problem. Hong Kong’s Hang […]
- China sets lowest GDP growth target in decades as Beijing tightens its belt (Category: Breaking News)
- Thousands of ethnic minority Muslims defy Chinese authorities in defense of mosque (Category: Breaking News)
- China was the ghost at the US-India feast (Category: Breaking News)
- Donald Trump pleads not guilty following arrest (Category: Breaking News)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
Stating that multiple challenges confront the G20 grouping, External Affairs Minister S Jaishankar said that India adopted an unconventional approach to its Presidency, making it much more connected with people. A major highlight of the second day of the Think20 (T20) Summit in Mysuru on Tuesday was a virtual address by Jaishankar, followed by a […]
- Crisis in multilateralism affecting developing nations most: PM at G20 meet (Category: Breaking News)
- India hosts Iran’s deputy FM to push Eurasian link (Category: Breaking News)
- Many debt ridden countries, relying on India’s assistance (Category: Breaking News)
- Jaishankar Calls on Belgium PM; Discusses Growing Bilateral Cooperation on Trade, Technology (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
[…]The post With Impunity Remaining Normalised, What Hope For Sri Lanka? appeared first on Colombo Telegraph.
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
Sri Lanka is under pressure to show it is serious about eradicating corruption, as the bankrupt South Asian nation prepares for the first review of its International Monetary Fund bailout package in September.The post Sri Lanka’s looming IMF review spotlights anti-corruption drive appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Lack of personnel and resources affecting work of Sri Lanka's Bribery Commission (Category: Breaking News)
- Bribery Commission in Sri Lanka rejects appeals made against court verdicts (Category: Breaking News)
- Sri Lanka Bribery Commission seeks legal advice for minister`s complaint against local council C... (Category: Breaking News)
- Sri Lanka`s now defunct Commission to Investigate Allegations of Bribery and Corruption receives... (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
- Ella Tourism Zone will be developed under a grand plan – President (Category: Breaking News)
- Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities (Category: Breaking News)
- President reveals plans to elevate Arugam Bay into high-income tourist hub (Category: Breaking News)
- Sri Lanka President visits Tangalle and Galle to assess revival of tourism in South Coast (Category: Breaking News)
By J. Edward Moreno Tremors in China’s real estate market are shaking the country’s economy, as well as the world, which has come to rely on China as a reliable engine of growth. Major developers are faltering as they face huge losses, struggle with mountains of debt and miss payments to lenders. A long-running building boom […]
- Protest in China’s Henan underscore risks bank faces as real estate sector continues to struggle (Category: Breaking News)
- China delays key economic data releases amid Communist party congress (Category: Breaking News)
- China’s economy is in trouble. Here’s what’s gone wrong (Category: Breaking News)
- Ditched by Communist Party, Chinese billionaire loses 93 per cent of his fortune (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
[…]The post Naked King & The Crumbling State: Seven Decades Of Fake Saviours appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place (Category: Breaking News)
- True Meritocracy Not The Sham Of All Party Mediocracy (Category: Breaking News)
- Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray (Category: Breaking News)
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
- Coca-Cola’s Christmas Spirit – Your Festive Sip Comes with Gifts! (Category: Breaking News)
- Coca-Cola appoints Kaushali Kusumapala as Country Director for Sri Lanka and Maldives (Category: Breaking News)
- Coca-Cola’s free tumbler with every 1.5L and 2L Coke or Sprite PET bottle (Category: Breaking News)
- Coca-Cola and the art of embracing local flavors: A journey through Sri Lankan cuisine (Category: Breaking News)
of the Economic Crisis.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (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? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
[…]The post Change Flight From Stability With Stagnancy appeared first on Colombo Telegraph.
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
- Preparing The Ground For Early Elections (Category: Breaking News)
- New Mandates Before New Amendments (Category: Breaking News)
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
By Jehan Perera The situation in the country, particularly with regard to the economy and politics, can be described as stable but stagnant. The economy is stable in that it has not experienced further collapse in comparison to the kind witnessed last year when international bankruptcy was admitted. But the economy still continues to contract, […]
- Electionsand economy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Supreme court nudges govt., to democracy (Category: Breaking News)
- Electoral process also an essential service (Category: Breaking News)
Thuesday 22nd August, 2023 No sooner had the Indian government announced its decision to impose a 40% tax on onion exports to overcome a shortfall in the domestic supply than Sri Lankan traders jacked up onion prices exponentially. They would not have reacted so swiftly to a drop in onion prices in the international market. […]
- Agriculture Minister calls for immediate report on big onion cultivation (Category: Breaking News)
- Pesticide resistant insect destroys onion cultivation in Jaffna peninsula (Category: Breaking News)
- Rice morning , noon ,and night in Sri Lanka (Category: Breaking News)
- Govt. all hat no cattle (Category: Breaking News)
By Hiran H.Senewiratne The speed at which young Chartered Accountants leave for other countries has increased during the last 18 months due to the prevailing economic crisis in Sri Lanka, president, Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Sanjaya Bandara said. “
- CA Sri Lanka goes to Kalmunai (Category: Business)
- CA Sri Lanka launches scholarship scheme for 2012 (Category: Business)
- CA Sri Lanka seminar series on new accounting standards (Category: Business)
- CA Sri Lanka Members’ Benevolent Society seminar on taxation (Category: Business)
By Dr. Prasanna Cooray First, we should question whether the age-old notion of “Free Healthcare in Sri Lanka” is valid anymore. Going by the Total Health Expenditure statistics of the country, one would realise it is a misnomer.According to healthcare spending in Sri Lanka, from 1990 to 2019, published by the Institute for Health Policy, […]
- Budget, Taxation Turmoil and Policy Blunders – Part II (Category: Breaking News)
- FSP frowns on increases in defence expenditure (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- High out-of-pocket expenditure seen as affecting healthcare access of local households (Category: Breaking News)
Registered tax files 500,000, only 31,000 pay personal tax Proposed amendments to Sri Lanka’s Inland Revenue Act will serve to address purported under performance of Inland Revenue Department (IRD) officials in a bid to enhance income tax collection, Government MP Mahindananda Aluthgamage said, noting that there is only one person in the country who pays […]
- 105,000 registered limited liability companies but 82 percent of revenue comes from just 382 (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- Revenue collection exceeds target for first quarter by more than Rs. 45 billion (Category: Breaking News)
- Sri Lanka only has 137 persons who paid income taxes of Rs5mn or more: legislator (Category: Breaking News)
Government authorities must consult vehicle importers when making decisions on relaxing an ongoing import ban, President of the Vehicle Importers’ Association Indika Sampath Merinchige said. Welcoming a recent announcement by the government that it will scrap an import ban on several types of commercial vehicles, Merinchige told reporters on Monday August 14 that the authorities […]
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Govt still lukewarm in allowing vehicle imports wary of balance of trade (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- More vehicles for MPs (Category: Breaking News)
[…]The post Bold Buddhists & Progressive Tamils Must Interface: A Second Trump Term Poses Intrinsic Dangers Everywhere appeared first on Colombo Telegraph.
- Is Trump Likely To Be The Next American President? (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
[…]The post Diaspora Tamils & 13A appeared first on Colombo Telegraph.
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- Political Buddhism & Corruption: The Unholy Twins (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
The Ministry of Education (MoE) and UNICEF spearhead a national initiative to help 1.6 million primary schoolchildren, impacted by prolonged school closures and sporadic disruptions to their education, over the past three years, due to Covid and the economic crisis, to catch up on their learning
- Edu. Ministry, UNICEF spearhead initiative to help 1.6mn primary schoolchildren in SL (Category: Breaking News)
- Learning crisis in Sri Lanka affecting vulnerable children (Category: Breaking News)
- Education Ministry issues guidelines to safeguard schoolchildren amidst soaring temperatures (Category: Breaking News)
- Sri Lanka’s children paying the steepest price in the current crisis – UNICEF Regional Director ... (Category: Breaking News)
Sri Lanka expects the first review by the International Monetary Fund (IMF) in September to be successful. State Minister of Finance Shehan Semasinghe said that the IMF will assess the programme’s performance until the end of June. “We welcome the IMF team in Sri Lanka for the first review of the Extended Fund Facility (EFF) […]
- Sri Lanka confident of reaching Staff Level deal with IMF (Category: Breaking News)
- IMF Executive Board to meet on 12th June to decide on Sri Lanka (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
[…]The post Why Liberal Arts Education Is Important For Democracy? appeared first on Colombo Telegraph.
- Teaching Literal Arts: In The Time Of Corona & The “Job Market” (Category: Breaking News)
- Teaching Literal Arts: In The Time Of Corona & The “Job Market” (Category: Breaking News)
- Teaching Literal Arts: In The Time Of Corona & The “Job Market” (Category: Breaking News)
- Teaching Literal Arts: In The Time Of Corona & The “Job Market” (Category: Breaking News)
[…]The post In Sri Lanka, Chaotic Social Security Reform Denies People’s Rights: “Aswesuma” Program Applies Complex & Arbitrary Targeting, Leaving Millions In Limbo appeared first on Colombo Telegraph.
- Sri Lanka: IMF / World Bank – Systemic Reforms Needed (Category: Breaking News)
- Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minor... (Category: Breaking News)
- IMF Should Oppose Restrictions On Freedom of Expression & Civil Society Groups: HRW (Category: Breaking News)
- Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA (Category: Breaking News)
[…]The post Do The Sinhalese People Live On Mars? Who Is Telling The Truth? appeared first on Colombo Telegraph.
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
- Let The Majority Community Racists Try To Understand What We Are Saying First (Category: Breaking News)
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