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Sri Lanka’s Central Bank Governor Dr. Nandala Weerasinghe has emphasized the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).The post Sri Lanka’s Central Bank Governor says IMF agreement must be continued under any Government appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Rebuild Trust To Achieve Success Even By 2048 appeared first on Colombo Telegraph.
by Jehan Perera The change that the country is looking for lies in the future. The change that the government has brought may have been sufficient unto the day, especially for the upper classes and the international community they fraternise with, but insufficient for the future progress and wellbeing of the masses of people. This […]
[…]The post IMF, Taxes & Social Revolution appeared first on Colombo Telegraph.
The Minister of Labour and Foreign Employment Manusha Nanayakkara, highlighted the significant improvement in the country’s foreign reserves under the leadership of President Ranil Wickremesinghe.The post Government abled to increase foreign reserves to USD 3.6 Billion – Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Japan is going through a “once in a generation” political crisis, analysts say, as the government fights to clean up its image in the face of a corruption scandal. Four cabinet ministers from the long-term ruling party have resigned in the past fortnight, as Prime Minister Fumio Kishida
Sri Lanka thanked India for the assistance given to overcome the challenges the country faced during the economic crisis. At the invitation of the Speaker of the Lok Sabha of the Indian Parliament Om Birla, a 16-member multiparty delegation led by the Speaker of the Sri Lanka Parliament
Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948.The post Sri Lanka sees forex reserves exceeding $4 billion after fresh
Former President and Sri Lanka Podujana Peramuna (SLPP) leader Mahinda Rajapaksa has slammed the tax policies of President and United National Party (UNP) leader Ranil Wickremesinghe. The SLPP is part of Ranil Wickremesinghe’s Government but is expected to contest separately at the next elections. Issuing a statement, Rajapaksa said that around 40 professional associations and […]
Former President of Sri Lanka, Mahinda Rajapaksa stated that tax policy will become a major political issue in 2024 after the VAT increase in the 2024 budget.The post Sri Lanka’s former President says Tax policy will become a major political issue in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Reducing The Tax Burden appeared first on Colombo Telegraph.
In actual fact the foundation for the current economic chaos was laid under the Yahapalana rule when they borrowed as much as USD 12 billion from the international bond market, at high interest rates, with them not even undertaking any developmental works, like the Rajapaksas, or, for that matter, any worthwhile economic activity. We certainly […]
[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 […]
[…]The post 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! appeared first on Colombo Telegraph.
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
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
… explains how Parliament enacted harmful laws By Shamindra Ferdinando Veteran lawyer Kalyananda Thiranagama said that the ruling Sri Lanka Podujana Peremuna (SLPP) should be held responsible for backing President Ranil Wickremesinghe’s economic strategy meant to privatise the remaining state enterprises. Addressing a public gathering in Colombo, the liberal civil society activist emphasised that ...
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
Launch of 2024 Asia-Pacific Human Development Report The narrative of human development in Asia and the Pacific has been one marked by advancement, inequality, and unforeseen challenges. Against this backdrop, the launch of the United Nations Development Programme (UNDP)’s 2024 Asia-Pacific Human Development Report in November, represents a crucial step in revitalising human development amidst [&#...
Sri Lanka currently imports most of its energy needs, including oil, coal and hydrocarbons. To ease the economic burden, the island nation aims to generate 70% of its electricity from renewable sources by 2030.The post Sri Lanka approves nuclear power plant construction with Russia as top contender appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review
By Shamindra Ferdinando One-time Foreign Secretary Kshenuka Senewiratne and Admiral Ravindra Chandrasiri Wijegunaratne (Rtd.) on Dec 04, 2023 assumed duties at the Sri Lankan High Commission in New Delhi and Islamabad, respectively. It would be pertinent to mention that Wijegunaratne previously served as the First Secretary/Defence Advisor of Sri Lanka High Commission in New Delhi […]
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million […]
[…]The post Intrusions From Departed Relatives During “Bed-Business” appeared first on Colombo Telegraph.
[…]The post Ground Discontents Not Removed By Reconciliation Moves appeared first on Colombo Telegraph.
[…]The post Was There A Conspiracy Behind The Easter Sunday Attacks?: A Follow-Up appeared first on Colombo Telegraph.
by Jehan Perera A group of Tamil Diaspora members from western countries have been in Sri Lanka for the past several days. They have been engaging in a series of meetings, with religious clergy in the main, but also with civil and political leaders and with their friends and relatives. The highlight of their meetings […]
[…]The post Should The Central Bank Act Be Amended By A Future Government? appeared first on Colombo Telegraph.
Human rights group, the ITJP (International Truth and Justice Project) has submitted two sanctions submissions to the UK Government for alleged war crimes committed by retired Sri Lankan military leaders – former Army Commander, Shavendra Silva and Jagath Jayasuriya. Foreign Secretary David Cameron must recuse himself from imminent decisions on whether to apply Magnitsky Sanctions […]