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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, […]
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 […]
[…]The post NPP’s Economic Diplomacy; Non-Aligned In The Best Interests Of The Nation appeared first on Colombo Telegraph.
President Ranil Wickremesinghe underscored the on-going efforts to nurture female entrepreneurs capable of adapting to the country’s economic transformation. The President highlighted the significant role women entrepreneurs can play in fostering the digital and green economy, affirming
By N Sathiya Moorthy If someone thought the IMF was the last resort of nation’s facing an economic crisis, then you are mistaken. Of course, ask the average Sri Lankan, he would tell you how this time as ever before, IMF conditionalities for loan-disbursements end up pushing costs and prices, and pushing down the real […]
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.
Tuesday 27th February, 2024 Sri Lankan politics is turning red in tooth and claw; the battle for the coveted executive presidency is getting down and dirty with every passing day. The presidential election is about eight months away, but the prospective contenders are already trading blows below the belt. At this rate, they might even […]
[…]The post Risk Of Repeating The Past Continues appeared first on Colombo Telegraph.
By Usvatte-aratchi ‘The executive of the modern state is nothing but a committee for managing the common affairs of the whole bourgeoisie.’ The Communist Manifesto (1848) ‘… where political and business elites are intertwined in corrupt dealings, each reliant on the other’s power for survival… the downfall of one party can drag the other down […]
[…]The post Modi’s Civilizational Duty & Connectivity Bordering Soft Colonization appeared first on Colombo Telegraph.
On 24 January this year, the Chinese Vice-Premier Li Guozhong made a brief transit halt in the Maldives. During the stopover, he met with the Foreign Minister Moosa Zameer. The Vice-Premier was on his way back after attending the Non-Aligned Summit and the third South Summit in Uganda from 19-24 January. This came after President […]
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
by Rajan Philips Never mind what Anura Kumara Dissanayake wore in Delhi. Never mind what Ranil Wickremesinghe wears daily. What the people want is not the word salads of sartorial politics by Sunday pundits, but the proffering of substantive politics by contenders for political office. As the pre-election dust takes its own time to settle, […]
[…]The post Anura Kumara Dissanayake’s Accomplishments & Challenges appeared first on Colombo Telegraph.
Leader of the United Republic Front Member of Parliament Patali Champika Ranawaka, presented the proposal titled “A United Step for the Country” to President Ranil Wickremesinghe , at ‘Srikota’, the United National Party headquarters in Colombo this morning (24). Speaking at the event President Ranil Wickremesinghe, highlighted the government’s concerted efforts over the past two […]
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.
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 […]
Sri Lanka s inflation is expected to return to the government s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis.
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 […]
[…]The post Choice Of Elections Or Abolition Of Presidency appeared first on Colombo Telegraph.
[…]The post Poverty Of Wisdom appeared first on Colombo Telegraph.
President Ranil Wickremesinghe underscored the government’s commitment to safeguarding the economic and social rights of the upcountry Tamil community during a ceremony held at the Presidential Secretariat. He acknowledged their significant contribution to the nation’s economy and expressed
President Ranil Wickremesinghe assured a solution to the issues faced by the Tamils in the North and East. He said the Government is diligently addressing challenges one by one and currently, discussions are underway to find solutions for the issues facing the people of the North East. “Simultaneously, we must prepare to advance the nation’s […]
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 […]
by Rajan Philips 2024 is election year practically everywhere. In South Asia, it is two down and two to go. Bangladesh went first in January, and the governing Awami League won the election as predicted, with the main opposition Bangladesh National Party boycotting the election and the government fielding independent candidates to avoid the embarrassment […]
The Friday Forum has made a welcome reappearance after a somewhat long absence, an event which we warmly welcome. We carry the statement the group released a couple of days ago in this issue of our newspaper and urge readers to digest the commentary set out with due diligence. Its signatories are persons of the […]
[…]The post Executive Ranil Turns Constitutional Interpreter, As AKD Arrives Via India appeared first on Colombo Telegraph.
Sri Lanka is back in the geopolitical spotlight ahead of elections slated for later this year, and former President Maithripala Sirisena says Washington should be paying attention. Outside powers — specifically China — are exerting influence amid what Mr. Sirisena says is a moment of “great instability” for his country, a teardrop-shaped island just off […]
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 […]