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The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines
Monday 13th February, 2023 SLPP National Organiser and eminence grise, Basil Rajapaksa has categorically stated that his party made Ranil Wickremesinghe the President to restore the rule of law, ameliorate people’s suffering and straighten up the economy. These three tasks are far from accomplished
[…]The post Tax! Tax!! Tax!!! appeared first on Colombo Telegraph.
By Saman Indrajith Sri Lanka needs a new Constitution that protects the rights of all citizens, and implementing 13A or 13+ is not a solution to the problems faced by the people, National People’s Power (NPP) leader Anura Kumara Dissanayaka, addressing Parliament, has said. A referendum should be held, on the new Constitution to be […]
Colombo [Sri Lanka], February 2 (ANI): External Affairs Minister S Jaishankar’s visit to Sri Lanka is being seen as a harbinger of positive developments and an improved economic and financial situation for the island nation. Jaishankar during his visit to Sri Lanka reasserted India’s pursuit of the ‘Neighbourhood First’ policy and the belief in not […]
Thursday 9th February, 2023 President Ranil Wickremesinghe, who presented his government’s policy statement in Parliament, yesterday, sounded like a seasoned insurance sales agent with glib phrases rolling off his experienced tongue; he sought to scare the public and infuse them with hope, at the same time, to sell his policies. The knee-jerk reaction of the […]
Sri Lanka has the potential to establish the green economy, specially by way of renewable energy, said President Ranil Wickremesinghe addressing a High-Level event on Strategies and Actions to Accelerate Sri Lanka’s Transition to a Green Growth Pathway.The post Sri Lanka has initiated an action
(loketa parakase, gedarata maragate ) “On 3 June, 1400, the Byzantine Emperor Manuel II Paleologus entered Paris. By the showy standards of contemporary state visits, Manuel cut a sory figure. Accompanied by fewer than sixty of his own attendants, speaking nothing but Greek, mounted on a borrowed white charger and dependent for his travelling expenses […]
[…]The post 75 Years Of Non-Democracy In Our Democratic Nation appeared first on Colombo Telegraph.
[…]The post A Reflection: 75 Years Of Independence Lacked By The People Of Sri Lanka appeared first on Colombo Telegraph.
[…]The post Seventy Five Years Of Independence Or Curse appeared first on Colombo Telegraph.
[…]The post Do What You Like Vs Like What You (Have To) Do! appeared first on Colombo Telegraph.
Neither the Cardinal, Bishops nor any representative from Sri Lanka’s Catholic Church would participate in the 75th Independence Day celebrations, on Saturday (February 04), as it is a ‘crime’ and waste of funds that is being committed against the citizens of Sri Lanka, Spokesman for the Archdiocese of Colombo, Rev. Fr. Cyril Gamini Fernando stated.The post Sri Lanka’s Catholic Church to boy...
Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.The post ‘We’ll end up like Sri Lanka’: Pakistan stares at economic collapse as IMF visits appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
India and Sri Lanka have been able to address the impact of a Chinese surveillance vessel’s visit to Hambantota port last year and Colombo is looking to New Delhi to help drive economic recovery through investments in key sectors such as energy, Sri Lankan envoy Milinda Moragoda said.The post Jaishankar’s visit reset bilateral relations, says Sri Lankan envoy appeared first on Sri Lanka News...
[…]The post President Needs To Implement Pledges Before Elections appeared first on Colombo Telegraph.
PickMe in 2023 will attract new segments of the community to their platform by adding state-of-the-art features that will help users beat the economic doldrums by providing win-win transport solutions. PickMe’s new feature ‘Direction’ allows vehicle owners to share travel plans (from A to B) and their willingness to provide rides to those in […]
The leader of the National People's Power (NPP), MP Anura Kumara Dissanayake has warned Treasury Secretary Mahinda Siriwardena that trying to obstruct the upcoming Local Government elections is a punishable offence.The post Obstructing Elections is a Punishable Offence – Anura warns Treasury Secretary appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Wednesday 18th January, 2023 The SLPP-UNP government has proved its rivals’ claim that it has failed. Its grandees never miss an opportunity to boast that their efforts to tackle the economic crisis have shown signs of reaching fruition soon. But Cabinet Spokesman and Minister Bandula Gunawardena has revealed the truth. Announcing some Cabinet decisions, at […]
By Zinara Rathnayake My mother is a good cook. My father is just slightly better. That’s how my younger sister would always describe my parents’ food. She’s right. My mother cooked delicious curries. But my father cooked the food we hold dear.My father grew up in Nabiriththawewa, a small village in Kurunegala. Unlike his two older […]
When Prime Minister Narendra Modi flags off the Ganga Vilas cruise from Varanasi to Dibrugarh via Bangladesh on January 13, it will not only add an attraction to the country’s tourism circuit, but will be a game-changer for cross-border trade as well. It costs 10 times less to move cargo a kilometre by river than […]
President Ranil Wickremesinghe has said that India’s response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka, which is trying to secure a USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to to get financial assurances from its major creditors […]
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...
By Dr. C. S. Weeraratna (csweera@sltnet.lk) Sri Lanka is facing an unprecedented crisis mainly due to economic mismanagement and corruption in the various development sectors. During the last few weeks, at various discussions related to the country’s economy, the need to take effective action
Sri Lanka is yet to receive financial assurances from its bi-lateral creditors, State Minister of Finance Shehan Semasinghe said. As a result, he said Sri Lanka has not yet been able to secure approval for a bailout package from the International Monetary Fund (IMF) Executive Board. “But we are confident of securing the approvals. However […]
Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
[…]The post The Case For (And Against) Anura Kumara Dissanayake appeared first on Colombo Telegraph.
AFP:Sri Lanka began a fresh austerity drive Monday, freezing Government recruitment as new taxes and higher electricity prices kicked in with authorities trying to secure an IMF bailout. The Indian Ocean island nation needs to achieve debt sustainability as a precondition to a $ 2.9 billion bailout from the Washington-based lender after it defaulted in […]