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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 Risk Of Repeating The Past Continues appeared first on Colombo Telegraph.
- Don’t Disregard The Less Privileged (Category: Breaking News)
- The Hardware & Software Of Reconciliation (Category: Breaking News)
- Dream Team For National Reconciliation (Category: Breaking News)
- Weaponising Of The Law (Category: Breaking News)
[…]The post Modi’s Civilizational Duty & Connectivity Bordering Soft Colonization appeared first on Colombo Telegraph.
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national
- Orwellian Isle Ordeals (Category: Breaking News)
- Message from a Cell Death (Category: Breaking News)
- Post-Match Melancholia (Category: Breaking News)
- EC: Prez poll can’t be put off (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)
Deputy Secretary of State of the United States of America Richard Verma visited Sri Lanka from last Thursday to yesterday, the Ministry of Foreign Affairs said in a press release. The visiting U.S. Deputy Secretary of State and delegation had extensive discussions with Foreign Minister Ali Sabry at the Ministry of Foreign Affairs on further […]
- Foreign Minister welcomes continued US assistance to Sri Lanka (Category: Breaking News)
- U.S. Deputy Secretary of State Richard Verma visits Sri Lanka (Category: Breaking News)
- Lankan envoy meets Japan’s Foreign Affairs Vice Minister (Category: Business)
- US assures support to implement anti-corruption legislation and macro-economic reforms (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, Dr. Priyanga Dunusinghe, said. Even then, relaxing vehicle imports […]
- 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 United States Deputy Secretary of State for Management and Resources, Richard Verma, who called on Sri Lankan President Ranil Wickremesinghe, expressed appreciation for the efforts undertaken by the Sri Lankan Government to revitalize the economy.The post U.S. Deputy Secretary of State commends Sri Lanka’s economic efforts appeared first on ONLANKA - Sri Lanka Latest Breaking News and To...
- Senior U.S. official discusses Sri Lanka’s IMF program in Colombo (Category: Breaking News)
- U.S. Deputy Secretary Verma commends Sri Lanka s economic recovery efforts (Category: Breaking News)
- Princess Anne meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
Diana Gamage, the Minister of State for Tourism emphasized the critical role of nightlife in driving economic growth, citing it as a cornerstone of the night economy.The post Nightlife will play a vital role in Sri Lanka’s economic growth and tourist experience appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Nightlife is essential without hindrance to other tourists, residents and businesses – Diana Gam... (Category: Breaking News)
- “Nightlife Will Play a Vital Role in Sri Lanka’s Economic Growth and Tourist Experience” (Category: Breaking News)
- Diana Gamage undeterred in efforts to revamp nightlife (Category: Breaking News)
- Sri Lanka tourism state minister Diana Gamage undeterred in efforts to revamp nightlife (Category: Breaking News)
to boost the economy by generating revenue. She made this comment […]
- Fleurieu crowds go with the flow (Category: South Australia)
- Going ape (Category: Technology)
- Eastern Eye (Category: Business)
- Sri Lanka seeks more Saudi tourists (Category: Breaking News)
Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...
- Concessionary loan scheme for SMEs (Category: Breaking News)
- June 30 declared a special bank holiday (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Central Bank Governor optimistic about IMF approval for Sri Lanka’s second tranche of extended f... (Category: Breaking News)
In his policy statement during the inauguration of the 5th session of the 9th parliament, President Ranil Wickremesinghe insists that the solution to the economic crisis lies in economic and scientific measures, not political ones. However, he draws inspiration from Confucius and urges citizens to introspect and cleanse their hearts, which can be seen as […]
- Bishops urge relief package for poor (Category: Breaking News)
- ACJU echoes Aragalaya demands (Category: Breaking News)
- Pope Francis implores Lankan leaders to listen to the cries of the people (Category: Breaking News)
- Heed people’s call for new political model (Category: Breaking News)
Google.org, Google’s philanthropic arm, is providing $15M to The Asia Foundation to launch the APAC Cybersecurity Fund in partnership with CyberPeace Institute and Global Cyber Alliance to bolster cyber capabilities of 300,000 underserved micro and small businesses, nonprofits, and social enterprises. Working with implementing organizations and universities across the region, The Asia Foundation a...
- Free cybersecurity contest to bring scholarship opportunities for Indiana students (Category: USA, Indiana)
- NH small businesses embrace Cyber Monday as shopping shifts during pandemic (Category: USA, New Hampshire)
- NH small businesses embrace Cyber Monday as shopping shifts during pandemic (Category: USA, New Hampshire)
- NH small businesses embrace Cyber Monday as shopping shifts during pandemic (Category: USA, New Hampshire)
I became the first person to officially transact using UPI in Sri Lanka on February 12th 2024. In the presence of three heads of states/ governments. Leaders of India, Sri Lanka and Mauritius watched the transaction and celebrated its success with applause. So what is UPI ? How does it benefit indian consumers, merchants and […]
- Only three transactions per LankaQR merchant code in 2023 (Category: Breaking News)
- India and Sri Lanka fail to reach deal on fee payments for RuPay transactions (Category: Breaking News)
- India’s PhonePe UPI launched in Sri Lanka (Category: Breaking News)
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
US Assistant Secretary of State for South and Central Asia, Donald Lu, hailed Sri Lanka as an example of the success of the administration’s Indo-Pacific strategy in collaboration with partners such as India. However, he also warned both Delhi and Dhaka that the security situation born out of the Rohingya refugee crisis and the general […]
- India bolsters military and economic ties with the US and Europe amidst China’s aggression in In... (Category: Breaking News)
- Committed to India, can create favourable balance of power in Indo-Pacific, says US (Category: Breaking News)
- Maldivian President Muizzu’s pro-China party secures ‘super majority’ in parliamentary polls (Category: Breaking News)
- US fears China may use loans to Sri Lanka for coercive leverage (Category: Breaking News)
Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
- CCPI based headline inflation increases in November 2023 (Category: Breaking News)
The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is mainly based on information that was considered by the Monetary Policy Board of the Central Bank of Sri […]
- Value Added Tax amendment hits inflation target (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
- Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 (Category: Breaking News)
Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (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)
Sri Lanka s spike in inflation is expected to be short-lived and will return to the targeted 5% in the medium term, a monetary policy report released by the central bank said on Thursday as the island nation s economy stabilises from a crippling financial crisis.
By appointing a committee to review the compliance of the MoUs signed with other countries has demonstrated that it has no experience in international relations, says SJB MP Eran Wickramaratne. President Wickremesinghe has visited 14 countries since 2022 and signed several Memorandums of Understanding (MoUs) purportedly to boost trade and investment. Addressing the media at […]
- Sri Lanka, Maldives ink key agreements on health and cultural cooperation (Category: Breaking News)
- Sri Lanka, Iran ink five agreements to strengthen bilateral ties (Category: Breaking News)
- Lanka-Vietnam sign eight MoUs (Category: Breaking News)
- FM introduces digital platform to follow up treaties and MoUs (Category: Breaking News)
USAID Administrator Samantha Power has urged Sri Lankan President Ranil Wickremesinghe to address concerns about the potential impact of the Online Safety Act on freedom of expression.The post USAID chief urges Sri Lankan President to address concerns about Online Safety Act appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID chief urges President Ranil to address concerns about Online Safety Act (Category: Breaking News)
- USAID Chief expresses concerns about Online Safety Act to Ranil (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- President and USAID Administrator Samantha Power forge strong alliance at UNGA (Category: Breaking News)
[…]The post Restrictions Of Civic Space Is Unacceptable appeared first on Colombo Telegraph.
- Preparing For Free & Fair Elections (Category: Breaking News)
- Truth & Reconciliation Need To Be Manifested In Deeds On The Ground (Category: Breaking News)
- Second Aragalaya In The Making (Category: Breaking News)
- System Change Plus Politician Change Through Elections (Category: Breaking News)
In 2007, my late friend, Jackson Anthony, and his younger son visited us in Auckland during their trip to New Zealand, I recall that he talked about the Aba script during that period. We organised a small gathering for our friends who admire his talents. Amidst casual conversations, Jackson, well-versed in both Catholicism and Sinhala […]
- It Is The Society, More Than Polity That Is Responsible For Sri Lanka’s Predicaments (Category: Breaking News)
- World Science Day: Building Trust in Science (Category: Breaking News)
- Submissions of His Eminence Cardinal Malcolm Ranjith Before Lessons Learnt and Reconciliation C... (Category: Breaking News)
- Materialism vs Buddhism (Category: Breaking News)
[…]The post Sri Lanka’s Economic Recovery, Fourth Industrial Revolution & Professor Siegfried Zuern appeared first on Colombo Telegraph.
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies (Category: Breaking News)
[…]The post Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy appeared first on Colombo Telegraph.
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
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