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By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]
- Pakistan: Imran Khan’s high-stakes election gamble (Category: Breaking News)
- Does The Proposed Contempt Of Court Bill Amount To 23rd Amendment To The Constitution? (Category: Breaking News)
- China’s space success linked with its larger political, diplomatic goals: Report (Category: Breaking News)
- Indian embassy in Kuwait organises beach cleaning drive, 500 volunteers take part (Category: Breaking News)
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
- Sri Lanka president wants China to dramatically change stance on debt relief (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- US Treasury Secy assures support for Sri Lanka’s debt restructure: president’s office (Category: Breaking News)
By N Sathiya Moorthy Why blame the politicos alone when almost all independent institutions under the Constitution are confused and are confusing the rest? Though claimed not to be linked to the decision to hold nation-wide Local Government (LG) elections, now notified for 9 March, the resignation of one of the commissioners, Mrs P S […]
- Why not simultaneous polls? (Category: Breaking News)
- Damocles’ Sword of Defection (Category: Breaking News)
- LG polls postponed again (Category: Breaking News)
- Sajith has his job cut out (Category: Breaking News)
[…]The post Tax! Tax!! Tax!!! appeared first on Colombo Telegraph.
- Journey Through The Rotten Bridge For The Reforms Of Government Expenditure (Category: Breaking News)
- Interim Budget 2022: Transformation Of The Economic Direction Of The Country (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- Why The Sri Lankan Rupee Is Appreciating (Category: Breaking News)
[…]The post Did Faulty Constitution Bring Misery? – Undermining The State Is The Game appeared first on Colombo Telegraph.
- Fear Corrupts Politicians: Time To Repeal Custom-Made Laws (Category: Breaking News)
- Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Final Attempt To Resuscitate Despotism (Category: Breaking News)
Thursday 9th February, 2023 President Ranil Wickremesinghe, who presented his government’s policy statement in Parliament, yesterday, sounded like a seasoned insurance sales agent with glib phrases rolling off his experienced tongue; he sought to scare the public and infuse them with hope, at the same time, to sell his policies. The knee-jerk reaction of the […]
- Rs. 100 bn cannot be raised with PAYE hike – Harsha (Category: Breaking News)
- Wajira says new tax formula meant to consolidate economy (Category: Breaking News)
- President Ranil delivers govt s policy statement in Parliament (Category: Breaking News)
- President reveals plans to exempt school essentials, medicines medical equipment from VAT (Category: Breaking News)
[…]The post Seventy Five Years Of Independence Or Curse appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- The Malicious “Shafi Frame Up”: Will 2023 See The Guilty Being Punished? (Category: Breaking News)
- Privatisation Of Public Assets Under Neoliberal Corporate Capitalism: Modern Evil (Category: Breaking News)
- Overview Of Covid-19, Infodemics & Development Of Vaccine (Category: Breaking News)
Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.The post ‘We’ll end up like Sri Lanka’: Pakistan stares at economic collapse as IMF visits appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka needs laser-like focus on IMF programme implementation: Dr. Indrajit Coomaraswamy (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
- Sri Lanka will have to go for another DDO strategy if targets of current plan not achieved – CBS... (Category: Breaking News)
- Sri Lanka must implement budget proposals to avoid return to crisis (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
- Sri Lanka drops further in corruption perceptions index (Category: Breaking News)
- Forbes Asia recognises Sandra Wanduragala Founder Selyn (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- UNDP appeals for assistance to help rebuild Sri Lanka (Category: Breaking News)
President Ranil Wickremesinghe has said that India’s response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka, which is trying to secure a USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to to get financial assurances from its major creditors […]
- IMF says G20 Common Framework delivering for Sri Lanka (Category: Breaking News)
- Interim-budget which meets IMF expectations presented to Parliament (Category: Breaking News)
- Exim Bank of China and Sri Lanka discuss debt issue (Category: Breaking News)
- Indian Foreign Minister to arrive in Sri Lanka next week (Category: Breaking News)
By Dr. C. S. Weeraratna (csweera@sltnet.lk) Sri Lanka is facing an unprecedented crisis mainly due to economic mismanagement and corruption in the various development sectors. During the last few weeks, at various discussions related to the country’s economy, the need to take effective action on the present economic situation in the country has been highlighted. […]
- Reducing Trade Deficit (Category: Breaking News)
- Ailing rubber sector? (Category: Breaking News)
- Achieving food security:Integrated plan necessary (Category: Breaking News)
- Sector report (Category: Business)
Sri Lanka’s output is estimated to have fallen by 9.2 percent in 2022 as the government ran out of the foreign exchange needed to cover food and fuel imports while the rupee plummeted and imports contracted sharply, and to service external debt, the World Bank says.The post Sri Lanka’s output
- World Bank provides loan to strengthen healthcare in Sri Lanka (Category: Breaking News)
- Sri Lanka s output expected to contract again in 2023 - WB (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
- World Bank to provide $500 million budget support to Sri Lanka (Category: Breaking News)
Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
- Sirisena’s castle in the air (Category: Breaking News)
- SC quashes Cabinet decision granting Paget Road residence to Maithripala (Category: Breaking News)
- Proroguing The Parliament – A Political Subterfuge! (Category: Breaking News)
- Sirisena, SLFP enmeshed in Easter Sunday fallout (Category: Breaking News)
[…]The post The Case For (And Against) Anura Kumara Dissanayake appeared first on Colombo Telegraph.
- May Day Politics: A Pregame To Presidential Election (Category: Breaking News)
- Why Is AKD Of JVP Free Without Imprisonment? [This Is To Clear So Many Clouds Of Confusion] (Category: Breaking News)
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
- What I Wish To See In The NPP (Category: Breaking News)
India has handed 75 passenger buses to Sri Lanka as part of its assistance towards strengthening public transport infrastructure in the cash-strapped country.The post India provides 75 buses to Sri Lanka to support public transport system appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- India provides 75 buses to Sri Lanka to support public transport system (Category: Breaking News)
- Sri Lanka plans to enhance Public Transportation with 200 new Buses in 2024 (Category: Breaking News)
- National Transport Commission working towards reducing bus fare prices (Category: Breaking News)
- QR code system to be introduced to pay Sri Lanka Transport Board (SLTB) bus fares (Category: Breaking News)
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
- Sri Lanka seeks assistance from the World Bank (Category: Breaking News)
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
- New Foreign Minister promises to deliver (Category: Breaking News)
By SHIHAR ANEEZ Tens of thousands of Sri Lankan individuals as well as corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state amid 65 percent inflation and turnover tax hikes that had already depleted disposable incomes. The higher income taxes are coming in […]
- Sri Lanka gambles on tax hikes; downside risks seen than gains (Category: Breaking News)
- Sri Lanka expands state workers 11-pct under revenue based fiscal consolidation (Category: Breaking News)
- Death and taxes: inevitabilities of life (Category: Breaking News)
- Budget, Taxation Turmoil and Policy Blunders – Part II (Category: Breaking News)
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
- Food insecurity improves in Sri Lanka but prevails within specific regions- report (Category: Breaking News)
- Food Oppression (Category: Business)
- Food Taxes (Category: Business)
- Food insecurity improved in Sri Lanka but prevails within specific regions  FAO and WFP (Category: Breaking News)
An estimated 5.7 million people (26 per cent of the population) or more are now in need of humanitarian assistance, with at least 4.9 million (22 per cent) being food insecure, a situation report by International Federation of Red Cross And Red Crescent Societies (IFRC) said. The report issued on December 28 said the current […]
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
- LOLC Divi Saviya – reaches 100 days humanitarian efforts (Category: Breaking News)
- WFP warns against rising hunger levels in Sri Lanka (Category: Breaking News)
- Children have started losing weight rapidly (Category: Breaking News)
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
Sri Lanka's military is holding a Christmas carnival at the seafront site of an anti-government protest that forced the country's previous president to flee and quit office earlier this year.The post Sri Lankan protest site gets Christmas carnival makeover appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- T20 Cricket Carnival at Hilton Colombo (Category: Business)
- DeBug wins at FITIS ICT industry cricket carnival (Category: Business)
- Emirates contributes to Sri Lanka’s Carnival of Cricket (Category: Business)
[…]The post Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? appeared first on Colombo Telegraph.
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades.The post Sri Lanka’s economy shrinks 11.8% in second-worst performance appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s Economy suffers worst contraction in 2022 (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Jobless rate rises to troubling levels as economic crisis stings employment (Category: Breaking News)
- Sri Lanka GDP outlook slashed as economy struggles to recover – report (Category: Breaking News)
By D. L. Sirimanne I dreamt I was the Radio Officer on a KLM Super Constellation flight to Colombo with a Dutch crew. Flight Information sent us a ‘red alert’ that Colombo Airport was closed and to divert the flight to Jaffna. I immediately informed the Captain and he accordingly altered heading to Jaffna. I […]
- Abolition Of The Provincial Councils System: Reply To Milinda Moragoda’s Utterance (Category: Breaking News)
- Sri Lanka: China to build airport in Poonakari to balance Indias Palaali (Category: Breaking News)
- Shake away the old, accept the new (Category: Breaking News)
- Wigneswaran considers himself best Tamil candidate to run for President (Category: Breaking News)
[…]The post RW’s Political Rating & Fitch’s Credit Rating appeared first on Colombo Telegraph.
- Ranil’s One Policy Framework, Debt & The System (Category: Breaking News)
- Systemic Drain (Category: Breaking News)
- Involuntary & Inequitable DDO (Category: Breaking News)
- RW’s Budget Of Hopes & Politics (Category: Breaking News)
Global lenders including the World Bank, the Asian Development Bank and the IMF are planning coordinated assistance to help Sri Lanka recover from its economic crisis, the government said on Tuesday.The post Global lenders eye coordinated assistance for Sri Lanka – Government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
The 20th Communist Party Congress of China may put a hold on the Chinese restructuring talks with Sri Lanka to secure the $2.9 billion facility to revive the ailing economy. The deadline was set for December, but it may be extended to January, according to the Central Bank of Sri Lanka. China is the main […]
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- China assures Sri Lanka of its help in addressing debt challenges (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
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