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Education of about 54.9 percent of Sri Lankan students has been affected by the economic crisis since March 2022, the latest Household Survey on Impact of Economic Crisis – 2023 by the Department of Census and Statistics reveals. Out of the respondents surveyed 93.5 percent have adopted
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- WFP finds 32 percent of Lankan households are food insecure (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
- Poverty has increased from 11% to 26% during past four years (Category: Breaking News)
Fuel and Gas will be exempted from the Port and Airport Levy when imposing the Value Added Tax (VAT) from January 01, 2024, Tax Advisor of the Ministry of Finance, Thanuja Perera said today (December 28).The post Sri Lanka to remove 7.5% Port and Airport tax from Fuel & Gas but add 18% VAT appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka to increase VAT to 18% (Category: Breaking News)
- Sri Lanka Government waives all duties on imported raw material for locally-made sanitary napkins (Category: Breaking News)
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- Social Security Contribution Tax will increase Value Added Tax to 20% – Anura (Category: Breaking News)
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CB eases monetary conditions by reducing its interest rates (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared
- The President desires to make the most of the development opportunities in the Indian Ocean regi... (Category: Breaking News)
- Rupees 1,500 million allocated for ‘Greater Kandy Urban Development Program’ – State Minister fo... (Category: Breaking News)
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
By MEERA SRINIVASAN As Sri Lanka tries to rebuild its battered economy after last year’s devastating crisis, the country’s political scene is gradually heating up, in the run up to two national elections scheduled next year — parliamentary and presidential — that will give citizens
- What is Jathika Chinthanaya? (Category: Breaking News)
- AKD: JVP-led NPP will not undermine India’s national security (Category: Breaking News)
- AKD & The JVP-NPP Should Tick All The Boxes To Win, Not Risk A Third Defeat (Category: Breaking News)
- Feminist Revolt & Masculinity Pitfalls In The Bolshevik Camp: Sri Lanka’s Election Prelude (Category: Breaking News)
By Shamindra Ferdinando Chairman of the Committee on Ways and Means Patali Champika Ranawaka on Tuesday (12) alleged that the Finance Ministry had allowed the operation of a distillery in spite of that company failing to pay taxes. The former minister said that the country lost millions for want of political will to recover what that company owed […]
- Govt. MP slams Finance Ministry over gaping holes in tax collection system (Category: Breaking News)
- Corrupt elements use Parliament, Finance Ministry to evade taxes (Category: Breaking News)
- Parliament flays FM, etc., for revenue shortfalls: Siyambalapitya says situation not properly as... (Category: Breaking News)
- Accusations reiterated, explanation sought from FM (Category: Breaking News)
[…]The post Israel & Sri Lanka: UN’s Strikingly Different Approaches appeared first on Colombo Telegraph.
- UN chief finally calls for a ceasefire (Category: Breaking News)
- The TGTE; Past, Present & Future (Category: Breaking News)
- Sri Lanka rights panel hands report to UN chief (Category: Breaking News)
- ‘Home Grown Solution’ A Trojan Horse & Solidarity With Palestine Is A Gimmick (Category: Breaking News)
Fuel prices in Sri Lanka have been revised with effect from midnight on November 30, 2023.The post Sri Lanka revises fuel prices from November 30, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sinopec Lanka announces retail fuel prices for Sri Lanka (Category: Breaking News)
- Sri Lanka revises fuel prices from July 31, 2023 (Category: Breaking News)
- Sri Lanka increases fuel prices from August 31, 2023 (Category: Breaking News)
- Sri Lanka revises fuel prices from October 31, 2023 (Category: Breaking News)
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
- IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds
- SJB blames Rajapaksas for impending financial burden on public, calls for Government change (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Response to economic revival plan pathetic: Harsha disappointed (Category: Breaking News)
Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation’s energy minister said on Saturday. “It’s on the agenda for Monday. Once the cabinet gives approval, we will invite them to sign the agreement,” Power and Energy Minister Kanchana Wijesekera told […]
- China’s Sinopec to begin islandwide fuel distribution in Sri Lanka (Category: Breaking News)
- Sinopec offers to fully finance Hambantota refinery (Category: Breaking News)
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sinopec to operate 200 filling stations in Sri Lanka (Category: Breaking News)
Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation's energy minister said on Saturday.The post Sri Lanka to OK Sinopec’s $4.5 billion refinery proposal on Monday – minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka likely to approve Sinopec s $4.5bn refinery proposal on Monday (Category: Breaking News)
- Sri Lanka approves Sinopec’s $4.5 billion refinery proposal (Category: Breaking News)
- Sri Lanka to approve Sinopec’s $4.5 billion refinery proposal (Category: Breaking News)
- Sinopec offers to fully finance Hambantota refinery (Category: Breaking News)
RM Parks Inc, a leading petroleum products distributor in the United States signed an agreement with the Board of Investment (BOI) for U$ 110 million to bring Shell products to Sri Lanka.The post RM Parks signs $110 million petroleum agreement with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka signs agreement with RM Parks Inc to ensure uninterrupted fuel supply (Category: Breaking News)
- US energy company and Sri Lanka sign fuel distribution deal (Category: Breaking News)
- US-based RM Parks signs $110mn agreement with Sri Lanka (Category: Breaking News)
- Sri Lanka signs deal with RM Parks and Shell to enter fuel market (Category: Breaking News)
[…]The post Regain A Vision Of Rhe Common Good appeared first on Colombo Telegraph.
- System Change Happening In Wrong Direction (Category: Breaking News)
- Pragmatism Needs Fairness To Be Statesmanlike (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
- Preoccupation With Repression Will Be Counter-Productive (Category: Breaking News)
[…]The post Still, The Mirage appeared first on Colombo Telegraph.
- Pyromaniacs On The March (Category: Breaking News)
- The Smell Of Terror (Category: Breaking News)
- Shades Of An Undead Past (Category: Breaking News)
- Conspiracy There Was, In Enthroning Gota; Not In Dethroning Him! (Category: Breaking News)
Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors a key sticking point with countries like India paving the way for more loans from the International Monetary Fund.The post Sri Lanka gives China deal details, keeping IMF aid on track appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka to officially present IMF deal, debt restructuring plans to creditors tomorrow (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
By Uditha Devapriya Interactions are about connections. Connections are not always about commonalities. After all, it is not just commonalities that are celebrated, it is also differences. There are many ways of celebrating differences, many ways of affirming them. The Interact Movement in Sri Lanka is now almost 60 years old. The Interact Club of […]
- Covid surge in China (Category: Breaking News)
- Holcomb Announces New Limits As COVID Cases Surge (Category: USA, Indiana)
- Holcomb Announces New Limits As COVID Cases Surge (Category: USA, Indiana)
- Holcomb Announces New Limits As COVID Cases Surge (Category: USA, Indiana)
[…]The post Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt appeared first on Colombo Telegraph.
- Modi’s Wolf Worrier Diplomacy Opens A Window For China In South Asia (Category: Breaking News)
- Rise Of Ultranationalism & Elections, Tamil Nationalism & Resurrection Of LTTE Ideology In Sri L... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
Sri Lanka is likely to raise taxes and curb spending in its annual budget to meet the International Monetary Fund’s conditions and maintain a $3 billion bailout, but elections next year might see the government delay some reforms.The post Sri Lanka to use budget to meet some IMF pledges as polls near appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth for the crisis-hit economy while keeping an eye on elections.The post Sri Lanka balances polls and crisis recovery
- Sri Lanka’s 2024 budget sets ambitious revenue, deficit targets (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka to receive about $600 million ADB funding post-IMF approval – official (Category: Breaking News)
- Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track (Category: Breaking News)
[…]The post SOE 2023: IPS Offers Some Inputs To Proposed Growth Lab appeared first on Colombo Telegraph.
- Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 (Category: Breaking News)
- Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Fail... (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
Fuel prices in Sri Lanka have been revised with effect from midnight on October 31, 2023.The post Sri Lanka revises fuel prices from October 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka increases fuel prices from August 31, 2023 (Category: Breaking News)
- Sri Lanka revises fuel prices from July 31, 2023 (Category: Breaking News)
- Sinopec increases fuel prices in Sri Lanka (Category: Breaking News)
- Fuel prices revised in Sri Lanka (Category: Breaking News)
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
- Dhananath Fernando – determined to do much for Sri Lanka (Category: Breaking News)
- RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis (Category: Breaking News)
- PAYE Tax; Will There Be A Mass Exodus? (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President Wickremesinghe places his trust on Xi Jinping (Category: Breaking News)
- China says willing to help Sri Lanka without political conditions (Category: Breaking News)
- Chinese Wings (Category: Business)
- Sri Lanka asks China for help with trade, investment and tourism (Category: Breaking News)
The Government insists there is no move to resume the QR code system for fuel. Power and Energy Minister Kanchana Wijesekera said that there has not been any discussion on such a move. He said the Ministry of Power and Energy, the Ceylon Petroleum Corporation and Ceylon Petroleum Storage Terminals Limited (CPSTL) held discussions to […]
- Special category to increase fuel quota to be tested (Category: Breaking News)
- Electricity and fuel declared essential services (Category: Breaking News)
- Fuel shortage caused by delay in unloading (Category: Breaking News)
- Fuel quota increased for New Year festive season (Category: Breaking News)
President Ranil Wickremesinghe yesterday issued orders to police to provide necessary security measures for Israelis in Sri Lanka The President issued the directive during his briefing to the Cabinet of Ministers, the President’s Media Division (PMD) said. PMD said: In a briefing to the Cabinet, President Ranil Wickremesinghe expressed deep concern over the recent attacks […]
- President Ranil instructs to ensure safety of Sri Lankans in Israel (Category: Breaking News)
- Govt. committed to building a digitized modern Sri Lanka - President (Category: Breaking News)
- President says Sri Lanka needs to excel in healthcare to attract medical tourists (Category: Breaking News)
- President meets Sri Lankan Diaspora in Australia, outlines plans for economic modernization (Category: Breaking News)
An international consultant has been appointed to guide the restructuring process of SriLankan Airlines, Minister of Port, Shipping and Aviation Nimal Siripala de Silva said. The Minister said the consultant is expected to bring expertise and best practices to guide the restructuring efforts. Sri Lanka’s aviation sector has reported a substantial profit of Rs. 22 […]
- Government threatens to scrap monopoly given to SriLankan (Category: Breaking News)
- Auctioning of SriLankan Airlines postponed (Category: Breaking News)
- Government to sell 49 % stake in SriLankan (Category: Breaking News)
- New investor will get new planes for SriLankan Airlines (Category: Breaking News)
President Ranil Wickremesinghe has ordered Police protection for Israelis in Sri Lanka and also condemned the unprecedented attack by Hamas on Israel killing a large number of civilians. The President told the Cabinet that there are several Sri Lankans working in Israel and the Ministry of Foreign Affairs must locate them and ensure their safety. […]
- Debt restructuring to be completed before polls (Category: Breaking News)
- President to study letters sent by SLC to ICC (Category: Breaking News)
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- President appoints new members to Anti-Corruption Commission (Category: Breaking News)
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Child’s Guide To Ranilnomics: Need Is Going For IMF Plus (Category: Breaking News)
- Good Governance & Economic Development – Part III (Category: Breaking News)
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo today (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s ambitious climate
- Climate Colonialism At CoP 28: Carbon Laundering Via Green Bondscams? (Category: Breaking News)
- Sri Lankan stakeholders prepare for COP 27 in Joint Climate Change Dialogues (Category: Breaking News)
- Sri Lanka to launch the Climate Justice Forum (CJF) at COP 28 (Category: Breaking News)
- Cop sacked for playing piano while Gotabaya fled (Category: Breaking News)
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