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By HIMAL KOTELAWALA ECONOMYNEXT – If Sri Lanka allows elections to distract from the path of recovery, stabilization and growth, the country will be hit by a fresh crisis far worse than any before, former central bank governor Indrajit Coomaraswamy said. Speaking at a forum organized by Cal, a Colombo-based investment banking group, Coomaraswamy said […]
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
An appreciation: It is with profound sadness that this tribute is being written to the remarkable life and accomplishments of Douglas Pemasiri, who passed away at age 88 in Miami, Florida, in the United States on June 12th this year. He was a diplomatic officer who dedicated his life to promoting trade and commerce, representing […]
[…]The post What If Public Net Worth Is Negative, And Worse, If It Is Not Known? appeared first on Colombo Telegraph.
[…]The post Changing Dimensions In ‘Power’; The Role Of India & China & Sri Lanka’s Predicament appeared first on Colombo Telegraph.
[…]The post Target 2048 – Economic Democracy Principles Should Be Followed To The Letter appeared first on Colombo Telegraph.
[…]The post Diaspora Tamils & 13A appeared first on Colombo Telegraph.
Indonesia will move forward to strengthen relations with Sri Lanka as a genuine partner, Indonesia’s Ambassador to Sri Lanka, Dewi Gustina Tobing said. The Indonesian Embassy in Colombo quoted the Ambassador as saying that the spirit of unity of the Indonesian people was the key to gaining independence on 17 August 1945. Sri Lankan students […]
[…]The post Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off appeared first on Colombo Telegraph.
Despite heavy taxes and increased tax collection, the government budget deficit for the period end May 2023 has increased to Rs. 1,015 billion which is 59% increase against 2022 end May figures. (See table) Another negative feature is that due to heavy taxes and very high bank interest rates, the economy has not grown and […]
[…]The post Target 2048 – Private Sector Should Not Just Sit Aloof appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
ECONOMYNEXT –Australian firms are interested in investing in Sri Lanka, particularly in resource sector, but a more conducive investment environment is needed, High Commissioner Paul Stevens said. Sri Lanka is looking to foreign direct investment as a factor in taking the country out of an economic crises triggered by excessive deployment of ‘macro-economic policy’ involving […]
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.
The United Nations Secretary-General Antonio Guterres has appointed Marc-André Franche of Canada as the United Nations Resident Coordinator in Sri Lanka, with the host Government’s approval. He took up his post on 8 July. Franche has served the United Nations for over 24 years. Prior to his appointment as the UN Resident Coordinator in Sri […]
The United Nations Secretary-General Antonio Guterres has appointed Mr. Marc-André Franche of Canada as the United Nations Resident Coordinator in Sri Lanka, with the approval of the island nation’s government.The post Marc-André Franche appointed as New UN Resident Coordinator for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has dropped 18 places to be ranked 107th in the 2023 Global Peace Index (GPI) the world’s leading measure of global peacefulness which is produced by the Institute for Economics and Peace (IEP). Sri Lanka was ranked 90th in 2022. The report presents the most comprehensive data-driven
The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]
[…]The post DDR & The Moral-Cum-Political Question appeared first on Colombo Telegraph.
[…]The post On The Current Debate Among Left Intellectuals appeared first on Colombo Telegraph.
By DR. DAYAN JAYATILLEKA For a country with a deep crisis, galloping poverty and a very significant Left (JVP-NPP and FSP), there is a paradoxically thin contribution by the leftwing intelligentsia. This can be contrasted by a cursory glance at the volumes of back issues of the Lanka Guardian which would illustrate the far thicker […]
[…]The post RW’s Plea In Paris & Predicament At Home appeared first on Colombo Telegraph.
[…]The post Good Governance & Economic Development – Part II appeared first on Colombo Telegraph.
[…]The post Good Governance & Economic Development appeared first on Colombo Telegraph.
By Sathiya Moorthy In a tweet in mid-May, the US Ambassador to India, Eric Garcetti, tweeted on ‘strategic ties’ India and Sri Lanka as if one existed already. The tweet followed a meeting between Amb Garcetti and Milinda Moragoda, the Sri Lankan High Commissioner to India. “As strategic partners, the US, India, and Sri Lanka […]
By Rathindra Kuruwita The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said addressing the media. “
By Rose Kenny During his recent visit to Japan, President Ranil Wickremesinghe highlighted the country’s resolute tilt towards Asia, signalling a strategic shift in its foreign policy. Building on the government’s vision to elevate Asia as a global centre of economic integration, President Wickremesinghe’s address at the Nikkei Forum, Future of Asia, outlined his vision for the region. This inclin...
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.