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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.
- Sri Lanka’s Central Bank lays out policies to restore price stability, macroeconomic strength (Category: Breaking News)
- Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
[…]The post Rebuild Trust To Achieve Success Even By 2048 appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Target 2048 – Private Sector Should Not Just Sit Aloof (Category: Breaking News)
- Target 2048 Requires Sri Lanka To Develop A Viable Creative Capital Base (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
By N Sathiya Moorthy Reports of consensual sex involving over 5,000 girls under 16 (hence ‘legal rape) in just one police division, Kandy, should be a cause for serious national concern. The fact that President Ranil Wickremesinghe has sought further information in the matter, obviously for possible corrective measures that the government could initiate could only […]
- Bill to reduce consent age for sex to 14 years withdrawn (Category: Breaking News)
- Tuition class teacher arrested for raping 15-year-old girl (Category: Breaking News)
- Riot Police deployed as staff take hospital official hostage (Category: Breaking News)
- Ranil takes oaths as Finance Minister (Category: Breaking News)
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 […]
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- GMOA warns of impending crisis in health sector due to exodus of professionals (Category: Breaking News)
- More than 1000 docs migrated in 2022 (Category: Breaking News)
- CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-incom... (Category: Breaking News)
Tuesday 26th December, 2023 It never rains but it pours. As if the multiple crises, armed conflicts and the ill-effects of climate change troubling the world were not enough, there are disturbing reports of Covid-19 raising its head again in some countries. The World Health Organization (WHO) has warned of an increase in the cases […]
- WHO predicts COVID-19 will become endemic (Category: Breaking News)
- WHO predicts COVID-19 will become endemic (Category: Breaking News)
- WHO predicts COVID-19 will become endemic (Category: Breaking News)
- More virulent than Covid! (Category: Breaking News)
[…]The post IMF, Taxes & Social Revolution appeared first on Colombo Telegraph.
- NPP Deserves Fairness From Critics (Category: Breaking News)
- NPP & Bird Cage Economy (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
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.
- Minister Manusha Nanayakkara Announces Remarkable Recovery: Government Replenishes Foreign Reser... (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
- Current govt. increased foreign reserves to USD 3.6bn  Minister (Category: Breaking News)
- Remittances from expat workers improving, says Manusha (Category: Breaking News)
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
- India stands with the people of Sri Lanka (Category: Breaking News)
- Twenty-two Indian fishermen detained in Sri Lankan waters (Category: Breaking News)
- Chinese Vice Minister of Foreign Affairs to visit Sri Lanka for talks (Category: Breaking News)
- Role played by overseas Sri Lankan community appreciated (Category: Breaking News)
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
- Exclusive: Sri Lanka expects up to $8 billion more in loans, asset restructuring (Category: Breaking News)
- India to allow Sri Lanka to repay debt over 12 years (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- Samagi Jana Balawegaya warns against counting foreign loans as part of forex reserves (Category: Breaking News)
The United Nations (UN) recalled the lessons it learnt from the war in Sri Lanka where it was accused of failing to prevent the deaths of thousands of civilians. UNICEF Spokesperson James Elder told reporters in Geneva that he learnt a lot when he was in Sri Lanka in 2007-2008. He recalled that the UN […]
- Indonesia hopes to sign Sri Lanka trade pact next March (Category: Breaking News)
- Sri Lanka to support UN push to end hostilities in Gaza (Category: Breaking News)
- Adani groups seeks capacity enhancement for Sri Lanka wind project (Category: Breaking News)
- Sri Lanka again abstains from voting on resolution against Russia (Category: Breaking News)
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 […]
- Sri Lanka’s former President says Tax policy will become a major political issue in 2024 (Category: Breaking News)
- President orders Police protection for Israelis in Sri Lanka (Category: Breaking News)
- Ranil leading talks to form all-party Government (Category: Breaking News)
- President seeks Sajith’s support to address key issues (Category: Breaking News)
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.
- Mahinda slams Ranil’s tax policies (Category: Breaking News)
- Reducing The Tax Burden (Category: Breaking News)
- CP Chief calls for re-alignment of political forces to thwart Ranil (Category: Breaking News)
- SC ruling on economic crisis: Parliament also responsible, says Foreign Minister (Category: Breaking News)
[…]The post Reducing The Tax Burden appeared first on Colombo Telegraph.
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Sri Lanka’s former President says Tax policy will become a major political issue in 2024 (Category: Breaking News)
- Mahinda slams Ranil’s tax policies (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
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 […]
- Readying for the big fight (Category: Breaking News)
- Talks underway with dissident SLPPers: Chief Opp. Whip (Category: Breaking News)
- Ranil – A Man With A Soul So Dead (Category: Breaking News)
- SJB asks Mahinda why he protects Ranil if SLPP plans to go it alone at next election (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)
The Civil Society Initiative on Anti-Corruption Reform for Economic Recovery, comprising Transparency International Sri Lanka (TISL), Verité Research, the Centre for Policy Alternatives (CPA), Sarvodaya, People’s Action for Free and Fair Elections (PAFFREL) and the National Peace Council (NPC) (the CSI Core Group) has reiterateed its view that governance and anti-corruption priorities that have be...
- Delays in governance and transparency reforms in Lanka’s IMF bailout programme, says Verité Rese... (Category: Breaking News)
- IMF should oppose restrictions on Freedom of Expression, Civil Society Groups (Category: Breaking News)
- Corruption stifles economic recovery – civil society groups (Category: Breaking News)
- Govt gazettes new anti-corruption bill after IMF deal (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)
[…]The post Lending In A Recession: Banks Should Do Venture Capital Financing For Startups appeared first on Colombo Telegraph.
- Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. An... (Category: Breaking News)
- Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II (Category: Breaking News)
- Debate Over Profits Of Banks: Who Shares Them Ultimately? (Category: Breaking News)
- Four Popular Fallacies Relating To Central Banking (Category: Breaking News)
[…]The post 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! appeared first on Colombo Telegraph.
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Keeping The Risen-Up Electorate Awake; An Imperative! (Category: Breaking News)
- Politics & Death Of Sanath Nishantha: Some Sombre Lessons & Reflections (Category: Breaking News)
- Beyond Ousting The Shamed ‘Suhartos’ Of Sri Lanka! (Category: Breaking News)
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances ... (Category: Breaking News)
- Are Providers Of Information Under RTI Cognizant Of Their Obligations? (Category: Breaking News)
By Uditha Devapriya On Tuesday, December 12, the UN General Assembly passed a resolution demanding a humanitarian ceasefire in Gaza. The United States was one of 10 countries to oppose, the others including Guatemala, Nauru, and Paraguay, and of course Israel. New Zealand, Canada, and Australia were among the 153 countries to vote in favour, […]
- Quandaries for world community from Mid-East tangle (Category: Breaking News)
- Will this massacre of the innocent ever stop? (Category: Breaking News)
- Gaza conflict: CP blames Israel (Category: Breaking News)
- UN Security Council to vote Friday on US resolution on Gaza ceasefire (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)
[…]The post We Must Be More Engaged: Climate Change Effects Are Unlikely To Be Kind! appeared first on Colombo Telegraph.
- The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems (Category: Breaking News)
- The NPP/JVP Document: Reflections On The “Rapid Response” (Category: Breaking News)
- Glyphosate Cannot Be A Cause Of CKDu: Not On This Evidence! (Category: Breaking News)
- Climate Change: A Red Flag For Environmental Security In Sri Lanka (Category: Breaking News)
… 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 ...
- Kanchana’s warning to restrict fuel supplies irrelevant, all imports already disrupted-SJB (Category: Breaking News)
- SLPP defends PTA, calls for probe into ‘terror’ angle (Category: Breaking News)
- GR’s ouster: Speaker urged to name foreign elements (Category: Breaking News)
- SJB alleges bid to derail election process on privilege issue affront to entire electorate (Category: Breaking News)
Sri Lanka’s public security minister, Tiran Alles, is the first sitting Sri Lankan Minister to be identified in the International Consortium of Investigative Journalists’ Pandora Papers data trove as having offshore holdings. An ICIJ analysis of the leaked records and U.K.’s public property register shows that Alles, a media tycoon and politician, owns two British […]
- HRC to summon Public Security Minister (Category: Breaking News)
- Minister reveals MPs requesting to transfer, promote cops (Category: Breaking News)
- Tiran claims diplomat asked him to scrap Online Safety Bill (Category: Breaking News)
- HRCSL says Tiran not summoned but only requested to attend (Category: Breaking News)
The United States of America has welcomed the positive completion of the International Monetary Fund’s (IMF) first review of the Extended Fund Facility (EFF) with Sri Lanka.The post United States welcomes IMF board approval for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- U.S. assures support for restructuring Sri Lanka debt (Category: Breaking News)
- U.S. and Sri Lanka National Security Advisors discuss mutual support and regional stability (Category: Breaking News)
- United States donates 3000 tonnes of food to feed Sri Lankan school children (Category: Breaking News)
- US reaffirms strong support for Sri Lankans seeking justice and equal rights (Category: Breaking News)
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...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- IMF to conduct bailout review for Sri Lanka in September (Category: Breaking News)
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 tops South Asia in Human Development (Category: Breaking News)
- Sri Lanka moving in right direction, top UN official says (Category: Breaking News)
- UNDP s Global Human Development Report handed over to PM (Category: Breaking News)
- UNDP s Global Human Development Report handed over to PM (Category: Breaking News)
President Ranil Wickremesinghe has revealed that several international parties have expressed their willingness to climb aboard Sri Lanka s initiatives to tackle the looming climate crisis.
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.
- Sri Lanka s first nuclear power plant expected to be built by 2032 (Category: Breaking News)
- Sri Lanka in talks with Russia to build nuclear power plant (Category: Breaking News)
- Sri Lanka seeks investors for nuclear power plants (Category: Breaking News)
- IAEA studying plans to build nuclear power plant in Sri Lanka (Category: Breaking News)
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