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the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]
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.
[…]The post Modi’s Civilizational Duty & Connectivity Bordering Soft Colonization appeared first on Colombo Telegraph.
Foreign Minister Ali Sabry PC has said that in the emerging multipolar world, countries like Sri Lanka cannot afford to take sides and must be open to working with anyone. Minister Sabry made these observations when he delivered the opening address at the 3rd ‘LKI Foreign Policy Forum’, held on the theme ‘Reassessing Non-Alignment in a Polarised […]
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
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.
Minister of State for Foreign Affairs Tharaka Balasuriya spoke to WION’s diplomatic correspondent Sidhant Sibal on the sidelines of Raisina Dialogue 2024 in New Delhi.Balasuriya weighed in on several issues ranging from the India-Lanka relationship, Colombo’s ties with China, tourism, Unified Payments Interface (UPI), and more. While speaking on China, Balasuriya said that “both countries [&...
[…]The post The Driving Forces Behind NPP’s Popularity appeared first on Colombo Telegraph.
Sri Lanka said on Wednesday it had exported tea worth US$20 million to Iran to partially repay its US$251 million oil debts, with Colombo saying Tehran’s visiting foreign minister had expressed “satisfaction” at the deal.The post Sri Lanka settles US$ 20 million Iranian oil debt with tea appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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
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 Latest Breaking News and Top Stories.
Dr. Elias Joseph Jeyarajah, represented the Global Tamil Forum (GTF) at the recent launch of district level workshops for ‘National Conversation’ based on the Himalaya Declaration. The first inter-religious coordination committee promoting conversations on the merits of the Himalaya Declaration was held in Kurunegala on February 09. In spite of opposition from various quarters, particularly [̷...
[…]The post Sri Lanka’s Economic Recovery, Fourth Industrial Revolution & Professor Siegfried Zuern appeared first on Colombo Telegraph.
By N Sathiya Moorthy For the uninitiated in Sri Lanka, AKD in politico-strategic circles in the neighbouring India’s capital, New Delhi, refers to Ajit Kumar Doval, the nation’s all-important National Security Advisor (NSA). For counterparts in India, who are even less initiated, the initials stand for Anura Kumara Dissanayake, leader of the centre-left Janatha Vimukthi Peramuna […]
By Rathindra Kuruwita Thousands of jobs in Sri Lanka’s book publishing industry will be lost due to the imposition of VAT (18%) on books publishers claim.They claim that about 30 percent of bookshops have been closed due to the economic crisis. There had been no taxes on books before 01
Sri Lankan President Ranil Wickremesinghe delivered a speech at the 7th Indian Ocean Conference in Perth, focusing on the theme “Towards a Stable and Sustainable Indian Ocean.”The post Sri Lanka President Ranil Wickremesinghe addresses 7th Indian Ocean Conference in Perth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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 […]
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
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 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.
N Sathiya Moorthy Chennai 4 February 2024 The way western nations through their diplomats deployed in Colombo continue to comment on what essentially are internal matters of the country, they should sooner than later be prepared for a future government either asking them to shut up or withdraw into a shell, at times quitting […]
[…]The post Government Celebrates Independent Of The People appeared first on Colombo Telegraph.
Sri Lanka expects to attract about US$5 billion in foreign funds in the next two years once it is able to finalise the restructuring of its overseas debt, the country’s foreign minister said on Monday (February 5).The post Sri Lanka eyes US$5 billion in foreign funds after debt restructure appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Jehan Perera The day before Independence Day, a book launch took place at the Mangaiyar Mandapam Hindu Women’s Society in Wellawatte. The two books launched were biographies of a father and son who contributed to public life in Sri Lanka over the past century. The father was Sir Waitialingam Duraiswamy a former speaker of […]
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
During a Joint Press Conference today (February 03), President Ranil Wickremesinghe expressed his utmost pleasure in welcoming Prime Minister Srettha Thavisin and his distinguished delegation to Sri Lanka.The post Sri Lanka and Thailand signed Free Trade Agreement (FTA) appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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, […]
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