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By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]
- IRD’s inability has led govts. to extract unbearable taxes from professionals, honest people (Category: Breaking News)
- NFF accuses SLPP of causing irreversible damage to COPE (Category: Breaking News)
- SJB ready for painful reforms unlike Rajapaksas who only exploited divisions, says MP Hashim (Category: Breaking News)
- CEB to reduce workforce to 18,000 (Category: Breaking News)
In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]
- Impact of security considerations on foreign policy crafting (Category: Breaking News)
- Baglay reiterates India’s commitment in line with ‘Neighbourhood First Policy’ (Category: Breaking News)
- India underscores inclusivity on 75th anniversary of Independence (Category: Breaking News)
- ‘The fascist threat’ and the South’s mounting travails (Category: Breaking News)
The Indian government is working on operationalizing Rupee investments in Sri Lanka in a move to boost Indian investments in its southern neighbor, two people aware of the matter told Mint.The post India to push rupee investments in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Indian Government allows Sri Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
- Sri Lankan bank opens VOSTRO account in India (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- India to push rupee investments in Sri Lanka - report (Category: Breaking News)
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Senior US official discusses Sri Lanka s IMF program in Colombo (Category: Breaking News)
- U.S. Deputy Secretary of State commends Sri Lanka’s economic efforts (Category: Breaking News)
- U.S. Deputy Secretary Verma commends Sri Lanka s economic recovery efforts (Category: Breaking News)
- U.S. Deputy Secretary of State calls on President Ranil (Category: Breaking News)
As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]
- IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet (Category: Breaking News)
- Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package (Category: Breaking News)
- Pakistan accepts one more IMF condition, agrees to increase interest rate by 200 basis points (Category: Breaking News)
- IMF seeks more Pak assurances before releasing bailout package (Category: Breaking News)
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA
- Sri Lanka’s official reserve assets up by 9.6% in April 2024 (Category: Breaking News)
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
- Corruption In Sri Lanka: The Root Of Modern Social Instability (Category: Breaking News)
- The Menace Of Political Nepotism: Sri Lanka’s Downfall (Category: Breaking News)
- NATO Expansion: The Untold Agreement & Its Role In The Ukraine War (Category: Breaking News)
- Shocking Incident Involving Mormon Leader’s Assault Of Sri Lankan Father Leads To Charges & Cour... (Category: Breaking News)
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- President ready to exempt school supplies, health equipment, medicine, etc., from VAT (Category: Breaking News)
- Govt will increase benefits for people as revenue buffers strengthen, says President (Category: Breaking News)
Urges unity over deep political divisions for effective crisis management Says ‘intricate’ foreign debt restructuring will take up to six months Invites Opposition to confer with institutions that foster international financial stability by Sanath Nanayakkare As government revenue increases, measures will be taken to increase benefits for the people accordingly, President Ranil Wickremesinghe said...
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- A high-wire act (Category: Breaking News)
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday.The post Sri Lanka approves lifting some limits on rupee conversion for outward remittances appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- Sri Lanka approves lifting some limits on rupee conversion for outward remittances (Category: Breaking News)
- Sri Lanka relaxes certain limitations on outward remittances (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee appreciates further against U.S. Dollar (Category: Breaking News)
[…]The post Sri Lankans Should Fight For Economic Freedom & Not For Economic Independence appeared first on Colombo Telegraph.
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- Target 2048: It Is Democracy & Not Authoritarianism That Will Do The Job (Category: Breaking News)
- Economic Growth, National Security, And What Next For Sri Lanka (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
Namibia’s President Hage Geingob has died at the age of 82 while receiving medical treatment at a hospital in the capital, Windhoek. A veteran of the country’s independence struggle, Geingob had been diagnosed with cancer and revealed the details to the public last month. He died early on Sunday with his wife and children by […]
- Russia confirms damage to warship in Black Sea (Category: Breaking News)
- Gunmen storm Ecuador television studio live on air (Category: Breaking News)
- Kenyan marathon world record holder dies in road accident (Category: Breaking News)
- Hungary’s parliament clears path for Sweden’s Nato membership (Category: Breaking News)
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence 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? (Category: Breaking News)
- System Change Happening In Wrong Direction (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- IMF team gives prognosis for Lanka at conclusion of nearly two-week visit (Category: Breaking News)
- Govt. retains two foreign firms to restructure ISBs (Category: Breaking News)
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