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President Ranil Wickremesinghe during his address at the 31st All India Partner’s Meet 2024 (AIPM 2024), held at ICT Ratnadipa in Colombo, expressed his commitment to maintaining a strong partnership with India to achieve Sri Lanka’s development goals. The AIPM 2024 which was organised by KPGM Sri Lanka and India provided a platform for both […]
- Lanka woos China; neighbour India out as main economic partner (Category: Breaking News)
- World Bank says Sri Lanka still faces elevated poverty levels (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
Money, exchange rates, and money printing are crucial components of a nation’s monetary policy framework, wielding significant influence over economic and financial stability. This intricate relationship between these fundamental factors directly affects financial and economic dynamics. I am going to examine the nexus between these factors, clarifying their roles in the financial system and ...
- Inflation – Public Enemy Number One (Category: Breaking News)
- Central Bank expects economy to contract in second half of 2022 as well (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
- Crashing economies and the South’s narrowing foreign policy options (Category: Breaking News)
- Need for new economic policy for poor countries (Category: Breaking News)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Pitfalls of export-led growth (Category: Breaking News)
By Rathindra Kuruwita Until Sri Lanka has access to international money markets, which will allow it to ensure there are no short-term dollar shortages, relaxing the restrictions on vehicle imports is out of the question, Professor in Economics at the Department of Economics at Colombo University
- Govt. not allocating enough funds to grant relief to public–Economist (Category: Breaking News)
- Sri Lanka’s apparel manufacturing industry asserts importance of Vertical Integration, improved ... (Category: Breaking News)
- Govt. decision to give two million farming families freehold land deeds will lead to shanty town... (Category: Breaking News)
- Sri Lanka expects 10% drop in its Iran crude demand (Category: Breaking News)
[…]The post Oman-Sri Lanka Relations As Seen By Diplomat O.L. Ameer Ajwad appeared first on Colombo Telegraph.
- Vibrant ties with M-E, a foreign policy priority for SL (Category: Breaking News)
- Book on "Sri Lanka – Oman Relations" launched (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- A Child’s Guide To Prema-Chandra Athukorala Chinthana On Import Substitution (Category: Breaking News)
[…]The post Why The Shock Over IMF’s Diagnostic Report? appeared first on Colombo Telegraph.
- RW’s Political Dilemma (Category: Breaking News)
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
- People’s Preamble To IMF Technical Report (Category: Breaking News)
- If The Speaker Had Become The President, The Economic Crisis Might Have Been Eased By Now (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
Efforts are on by the Union government’s Shipping Corporation of India to commence high-speed passenger ferry service between Nagapattinam in Tamil Nadu and Kangesanthurai in Sri Lanka’s Northern Province by the first week of October. The service covering around 60 nautical miles will start from Nagapattinam Mini Port, sources said. Each ferry will carry around […]
- Kankesanthurai-Nagapattinam Passenger Ferry Service Delayed Again (Category: Sri Lanka News)
- Sri Lanka-India ferry service launch deferred - report (Category: Breaking News)
- Resumption of India-Sri Lanka ferry service delayed indefinitely (Category: Breaking News)
- Passenger ferry service between Tamil Nadu and Sri Lanka to resume on May 13 (Category: Breaking News)
Piyumi Ranadewa is a Research Assistant working on migration and urbanisation policy research at IPS. She holds a BSc (Hons) in Agriculture, specialising in Agriculture Economics and Business (First Class) from Wayamba University of Sri Lanka, graduating with Dean’s Honours. She also holds a Master
- Foreign jobs: growing mismatch between SL supply and global demand: World Bank (Category: Breaking News)
- IOM works with Japan and ILO to assist repatriated Sri Lankan migrant workers (Category: Breaking News)
- Japan, IOM and ILO help protect Sri Lankans from human trafficking (Category: Breaking News)
- Brain drain impediment to hospitality industry – Dr.Jayasinghe (Category: Breaking News)
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
An appreciation: It is with profound sadness that this tribute is being written to the remarkable life and accomplishments of Douglas Pemasiri, who passed away at age 88 in Miami, Florida, in the United States on June 12th this year. He was a diplomatic officer who dedicated his life to promoting trade and commerce, representing […]
- Trade unions of Sri Lanka`s Wild Life Department on a work-to-rule campaign (Category: Breaking News)
- Treasury Secretary appoints new member to PUCSL (Category: Breaking News)
- India expects $8-$9 bn bilateral trade with Russia, Sri Lanka in two months (Category: Breaking News)
- Massive trade union action on March 01 (Category: Breaking News)
Despite heavy taxes and increased tax collection, the government budget deficit for the period end May 2023 has increased to Rs. 1,015 billion which is 59% increase against 2022 end May figures. (See table) Another negative feature is that due to heavy taxes and very high bank interest rates, the economy has not grown and […]
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Prez: Economic Transformation Bill first step in economic revitalisationsident Ranil Wickremesin... (Category: Breaking News)
- Milinda blames halfhearted economic reforms over the years for current crisis (Category: Breaking News)
- Financial Roadmap for 2012 unveiled (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- 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 VI (Category: Breaking News)
- 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)
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
- SL lagging behind other countries due to lack of national digital policy- NC sub-committee (Category: Breaking News)
- Relevance of Non-alignment or ‘dynamic neutrality’ to SL’s foreign policy (Category: Breaking News)
- SL economy, IMF claims, and reality (Category: Breaking News)
- Decline of middle class bodes ill for nation (Category: Breaking News)
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
By Rathindra Kuruwita The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said addressing the media. “
- Sajith says govt lying about there being no money to hold polls after having printed Rs 278 bn i... (Category: Breaking News)
- All 225 sitting MPs must share the blame for the present crisis: Ranatunga (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
- Govt plans accreditation for every profession (Category: Breaking News)
By Rose Kenny During his recent visit to Japan, President Ranil Wickremesinghe highlighted the country’s resolute tilt towards Asia, signalling a strategic shift in its foreign policy. Building on the government’s vision to elevate Asia as a global centre of economic integration, President Wickremesinghe’s address at the Nikkei Forum, Future of Asia, outlined his vision for the region. This inclin...
- RW to attend Nikkei Forum in Tokyo (Category: Breaking News)
- Japan wants Sri Lanka’s creditors to participate on comparable terms (Category: Breaking News)
- Sri Lanka President leaves for Singapore and Japan for an official visit (Category: Breaking News)
- Economic crisis: Sri Lanka expects Japanese support (Category: Breaking News)
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka Central Bank to hold rates as inflation worries persist (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
- The Exit Of The Old Guard & The Arrival Of The New (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- 40 Years After The Anti-Tamil Pogrom Of July 1983: Root Causes Remain Unaddressed (Category: Breaking News)
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...
- Sri Lanka determined not to seek IMF assistance again (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil (Category: Breaking News)
By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Treasury bond scams: SJB drags Lotus Tower into ‘conflict’ as SLPP attacks ‘footnote’ gang (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Sajith demands tough action against those targeting Lankans with pyramid scams (Category: Breaking News)
[…]The post ‘Contemporary Issues In Socio-Economic Development’: A Timely Publication By Kelaniya University appeared first on Colombo Telegraph.
- Sriyani Hulugalle’s ‘Shadows Of Hantana’: A Romantic Experience For Readers (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Child’s Guide To UK’s Trade Concessions To Developing Countries (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
Dr. Chandana (Chandi) Jayawardena DPhil President – Chandi J. Associates Inc. Consulting, Canada Founder & Administrator – Global Hospitality Forum [email protected] Struggling with Doctoral Studies By 1998, I was struggling with my doctoral research. By then I realized that doing a Ph.D. in the midst of a busy hotel career, at times demanding 16-hour work […]
- Mastering Showbiz… Music, Food & Fashion In Oman (Category: Breaking News)
- French Style, Sri Lankan Smile! (Category: Breaking News)
- CONFESSIONS OF A GLOBAL GYPSY (Category: Breaking News)
- Refreshing, Peaceful and Romantic (Category: Breaking News)
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
- Minister Sabry praises India for being first country to support Lanka’s debt restructuring (Category: Breaking News)
- Sabry denies China caused SL debt crisis (Category: Breaking News)
- ‘War crimes’: Not only individuals but also entire fighting divisions ‘blacklisted’ – Foreign Mi... (Category: Breaking News)
- Sri Lanka hopeful China will provide debt restructuring assurances - Sabry (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe ceremonially declared open the fourth session of the ninth Parliament and delivered the Government Policy Statement today (February 08).The post Sri Lanka President delivers Government’s policy statement in Parliament appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- Ranil tells Parliament he will continue with unpopular decisions (Category: Breaking News)
- President Ranil Wickremesinghe’s Policy Statement – Full Text (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
[…]The post President Ranil Wickremesinghe’s Policy Statement – Full Text appeared first on Colombo Telegraph.
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- Sri Lanka President delivers Government’s policy statement in Parliament (Category: Breaking News)
- Ranil tells Parliament he will continue with unpopular decisions (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
President Ranil Wickremesinghe told Parliament today that he will continue with his unpopular decisions. Making his throne speech, Wickremesinghe said that he is not here to be popular. He said that the unpopular decisions he takes will have positive results in the years to come. The President said that Sri Lanka expects to recover from […]
- Sri Lanka President delivers Government’s policy statement in Parliament (Category: Breaking News)
- President Ranil Wickremesinghe’s Policy Statement – Full Text (Category: Breaking News)
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
Economics primarily drive politics and this principle applies to Sri Lanka’s relations with almost the entirety of the world’s regions. The fact that economic interdependence is compelling this country to break new ground in its ties with the Middle East bears this out fully. Over the decades, Sri
- Teheran expects enhancement of bilateral ties in all fields (Category: Breaking News)
- Oman-Sri Lanka Relations As Seen By Diplomat O.L. Ameer Ajwad (Category: Breaking News)
- Iran, Sri Lanka stress enhancing banking, trade ties (Category: Breaking News)
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
I am pleasantly surprised and marvel too most times I read the editorial in The Island. Why? Because they are so very apt on the most current issue in the land. The editor has the clever knack of hitting the nail right on the head and is fearless even when the nail represents a VVIP. […]
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
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