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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 post NPP’s Economic Diplomacy; Non-Aligned In The Best Interests Of The Nation appeared first on Colombo Telegraph.
- Anura’s Visit To India, Its Signs & Importance (Category: Breaking News)
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
- Sri Lanka’s Asian Heritage (Category: Breaking News)
- NPP & Bird Cage Economy (Category: Breaking News)
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
- Women can play a significant role in fostering digital and green economy – President (Category: Breaking News)
- DFCC Bank Champions Women Entrepreneurs as Diamond Sponsor of WCIC Prathibhabhisheka Awards 2024 (Category: Breaking News)
- Indian Foreign Minister to arrive in Sri Lanka next week (Category: Breaking News)
- President assures economic growth despite adverse effects on publicPresident assures economic gr... (Category: Breaking News)
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 […]
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- Private creditors threaten to block next IMF tranche to Sri Lanka (Category: Breaking News)
- Sri Lanka in talks to extend $1 billion Indian credit line (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)
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 […]
- Govt. formed by Ranil-Rajapaksa camp not an all-party arrangement – JVP (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
- Domestic debt restructuring and pension funds : JJB alleges Prez trying to influence judiciary (Category: Breaking News)
- Prez recalls co-operation between JVP and Yahapalana govt., requests Opposition’s help for natio... (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)
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 […]
- Heritage Matters: Federation (Category: South Australia)
- Using SORTITION to prevent electing of same crooks to parlimant (Category: Breaking News)
- 75 Years Of Non-Democracy In Our Democratic Nation (Category: Breaking News)
- Enemies of progress (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)
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
- Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? (Category: Breaking News)
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
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, […]
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
- The Election-Economy Nexus and the Politics of JVP Apology (Category: Breaking News)
- May Day Politics: A Pregame to Presidential Election (Category: Breaking News)
- May Day Politics: A Pregame To Presidential Election (Category: Breaking News)
[…]The post Anura Kumara Dissanayake’s Accomplishments & Challenges appeared first on Colombo Telegraph.
- What’s in a Suit? That which is substantive can be delivered in a Bush Shirt! (Category: Breaking News)
- May Day Politics: A Pregame To Presidential Election (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- Election ’24: Rajapaksa Implosion & Ranil’s Red Sea Meddling (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)
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 […]
- 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)
[…]The post Choice Of Elections Or Abolition Of Presidency appeared first on Colombo Telegraph.
- New Mandates Before New Amendments (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
- Akin To Fiddling When Rome Is Burning (Category: Breaking News)
[…]The post Poverty Of Wisdom appeared first on Colombo Telegraph.
- Lying About Age Of Protestant Mission Schools: Is Age Quality? (Category: Breaking News)
- Ranil’s Presidency & The TNA’s Dilemma (Category: Breaking News)
- Andrew Sujeevan, Anglican Johnian Punished By A Corrupt Theocratic Church (Category: Breaking News)
- Demise Of Eelaventhan- My Beloved Older Brother (Category: Breaking News)
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 […]
- UN FAO to support Sri Lanka during these critical times (Category: Breaking News)
- Students attend Sri Lanka’s Cabinet meeting for the first time (Category: Breaking News)
- Modi committed to support Indian origin Tamils in Sri Lanka (Category: Breaking News)
- President to take steps to prevent anarchy (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)
- Maldivian President Muizzu’s pro-China party secures ‘super majority’ in parliamentary polls (Category: Breaking News)
- Committed to India, can create favourable balance of power in Indo-Pacific, says US (Category: Breaking News)
- US fears China may use loans to Sri Lanka for coercive leverage (Category: Breaking News)
[…]The post Doorway 2024 appeared first on Colombo Telegraph.
- Still, The Mirage (Category: Breaking News)
- Kurundi: A Runway To ’56? (Category: Breaking News)
- Incubating, Again (Category: Breaking News)
- Pyromaniacs On The March (Category: Breaking News)
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 […]
- Executive Ranil Turns Constitutional Interpreter, As AKD Arrives Via India (Category: Breaking News)
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- 2024: The Year Of South Asian Elections (Category: Breaking News)
- Timetable set for India’s national election, deadlock elections loom in Sri Lanka (Category: Breaking News)
[…]The post Executive Ranil Turns Constitutional Interpreter, As AKD Arrives Via India appeared first on Colombo Telegraph.
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- Electing A President: Three Against One In The US & Three Against Three In Sri Lanka (Category: Breaking News)
- 117th Birth Anniversary & Long Legacy Of JR Jayewardene (Category: Breaking News)
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 […]
- Independent group yet to inform President on nominees for PM (Category: Breaking News)
- Maithripala says animals “playing games” and multiplying fast (Category: Breaking News)
- SLFP will not vote but will support elected President (Category: Breaking News)
- Maithripala Sirisena exposes Nimal Siripala (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)
- 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 Lankan Rupee appreciated against U.S. Dollar on April 26, 2024 (Category: Breaking News)
[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
- Corruption In Sri Lanka: The Root Of Modern Social Instability (Category: Breaking News)
- The Menace Of Political Nepotism: Sri Lanka’s Downfall (Category: Breaking News)
- Shocking Incident Involving Mormon Leader’s Assault Of Sri Lankan Father Leads To Charges & Cour... (Category: Breaking News)
- A Government Without The Wickremesinghes & Rajapaksas (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.
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