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The Ceylon Electricity Board (CEB) today warned of a serious crisis if the demand for an increase in electricity tariffs is not approved. The Public Utilities Commission of Sri Lanka (PUCSL) is to announce, on Wednesday, its decision over a request made by the Ceylon Electricity Board to increase tariffs. The matter was discussed when the […]
Non-essential and non-urgent surgeries have been temporarily postponed at Government hospitals, the Health Ministry said. Minister of Health Keheliya Rambukwella said that the surgeries will be postponed on the advise of a doctor. The Minister said that essential and urgent surgeries will be carried out as usual. The decision has been taken due to a […]
By Rathindra Kuruwita The Sri Lanka health sector would face a serious crisis within a few weeks, if shortages of medicines, surgical equipment, and chemicals used in labs, are not addressed now, President of the College of Anaesthesiologists and Intensivists of Sri Lanka (CAISL), Dr. Anoma Perera, said on Thursday evening, addressing a press conference, […]
Colombo [Sri Lanka], February 2 (ANI): External Affairs Minister S Jaishankar’s visit to Sri Lanka is being seen as a harbinger of positive developments and an improved economic and financial situation for the island nation. Jaishankar during his visit to Sri Lanka reasserted India’s pursuit of the ‘Neighbourhood First’ policy and the belief in not […]
Sri Lanka’s international bondholders group was prepared to engage with the island nation’s authorities in debt restructuring talks consistent with the parameters of the IMF Programme, their legal adviser, White & Case LLP, said.The post Sri Lanka bondholders ready for debt restructuring talks with authorities appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA 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 ...
Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries.The post Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.The post Sri Lanka economy could shrink by -3.5% to -4%, president says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Thursday 26th January, 2023 The Rajapaksa-Wickremesinghe government is in overdrive to delay the local government (LG) elections while pretending that it is ready to face them. Experience is said to be the best teacher, and the public, having been taken for many a ride, tends to believe the obverse of what the ruling party politicians […]
[…]The post Egg & Poultry Crisis: Maximum Retail Price Is Not The Solution appeared first on Colombo Telegraph.
Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said. “There has been good progress this month with India already pledging financing assurances. We expect assurances from China and Japan soon,” Weerasinghe said […]
The International Monetary Fund (IMF) is still awaiting assurances on Sri Lanka in order to present a Fund-supported program for Sri Lanka to the IMF’s Executive Board, for approval. The IMF confirmed that India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary […]
India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.The post India commits to help Sri Lanka on debt in prospective IMF program appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka is to target the export market for poultry and eggs, the President’s Media Division said today. Senior Advisor to the President on Food Security Dr Suren Batagoda said that most of the issues related to the industry could be solved by way of coming to a collective agreement among all the stakeholders and […]
Former Sri Lanka captain Arjuna Ranatunga has teamed up with India to play a new innings in the electric vehicle market. Ranatunga is to promote electric vehicles in Sri Lanka through a joint venture with Electric One – India’s largest EV super store chain . Electric One announced the signing of a Memorandum of Understanding […]
[…]The post Raj Somadeva’s Yakhshi: Excellent Exposition Of History To Laymen appeared first on Colombo Telegraph.
by Kumar David Remember Dickens? “It was the best of times; it was the worst of times. It was the age of wisdom; it was the age of foolishness”. America has the finest medical technology, its operating theatres are superb (when you walk past one it looks like a NASA space control centre), the surgeons, […]
[…]The post The American Healthcare System; The World’s Best & Worst appeared first on Colombo Telegraph.
Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.The post Sri Lanka expects financing assurances from China for IMF deal within days appeared first on Sri Lanka News - Latest Bre...
[…]The post Ranil’s One Policy Framework, Debt & The System appeared first on Colombo Telegraph.
Sri Lanka’s official unemployment rate climbed, raising serious concerns for the policymakers, as the economic crisis is taking a severe toll on jobs, with many small and medium-sized businesses are either closing down or pushed to the brink amid elevated input costs, interest rates and decline in demand.The post Jobless rate rises to troubling levels as economic crisis stings employment appeared ...
Govt-EC battle over LG polls: By Shamindra Ferdinando President of the Bar Association of Sri Lanka (BASL) Saliya Pieris, PC, says the Election Commission (EC) has retained him as its Counsel as Attorney General Sanjay Rajaratnam, PC, does not appear for the EC in a fundamental rights case filed against the conduct of the scheduled […]
[…]The post The Need Of An Online Voting System To Sri Lanka appeared first on Colombo Telegraph.
By Zinara Rathnayake My mother is a good cook. My father is just slightly better. That’s how my younger sister would always describe my parents’ food. She’s right. My mother cooked delicious curries. But my father cooked the food we hold dear.My father grew up in Nabiriththawewa, a small village in Kurunegala. Unlike his two older […]
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...
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 […]
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.
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 […]
[…]The post President RW’s Priority In 2023 appeared first on Colombo Telegraph.
Sri Lanka’s Health Minister Keheliya Rambukwella said he hopes to put an end to the medicinal drug shortage in the country in the first quarter of this year.The post Drug shortage to be fully addressed by March – Health Minister appeared first on Sri Lanka News - Latest Breaking News in Sri