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Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka
The Government of Sri Lanka has initiated a project to introduce a passenger ferry service between the port of Kankasanthurai in Sri Lanka and Pondicherry in India, aimed at providing an affordable and convenient mode of transportation between the two countries. The cost of a round trip scheduled to commence by the end of April […]
IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it and that following this vote, the key points of the agreement would be enacted into law.The post Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka President appeared...
Sandun Pathirana’s career journey spans over three decades, during which he has gained extensive experience in setting up and managing operations in markets in South Asia and the Middle East. He is a regional specialist in his field, having worked for leading conglomerates and multinational freight and logistics companies. Sandun started his logistics career in […]
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
[…]The post Still On The Rotten Bridge appeared first on Colombo Telegraph.
By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
[…]The post Supreme Court Shows Democratic Route To Government appeared first on Colombo Telegraph.
By Jehan Perera The economy is beginning to give indications of macro stability which President Ranil Wickremesinghe has made his primary objective. The most visible of these is the appreciation of the rupee against the dollar and other international currencies which signals a shift
[…]The post Why Should We Beg IMF? – When More Than $36 Billion To Be Recovered appeared first on Colombo Telegraph.
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
[…]The post Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpowers appeared first on Colombo Telegraph.
Sri Lanka and India will sign a pact to link their power grids and start negotiations on an upgraded trade agreement within two months, a Sri Lankan diplomat said on Wednesday, as the island nation seeks a way out of its worst economic crisis in decades.The post Sri Lanka, India to sign power grid linking pact within two months – envoy appeared first on Sri Lanka News - Latest Breaking News ...
Civil society grouping Direction Sri Lanka has said that the country required an Independent National Planning Commission. The following is the text of a statement issued by Direction Sri Lanka: “It is the considered position of Direction Sri Lanka that the neglect of evidence-based national planning in the Country now for over four decades has […]
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 […]
With both India and Sri Lanka celebrating 75 years of bilateral relations, External Affairs Minister Dr. S. Jaishankar’s recent visit to Sri Lanka bears the utmost significance. It could be regarded as a prelude to deepening the existing healthy ties and taking them to another level on the occasion of Sri Lanka’s 75th anniversary of […]
Reforms to be introduced to end ‘media abuses’ President Ranil Wickremesinghe yesterday said that the government was not in a position to lower the taxes. Delivering his second government policy statement to inaugurate the Fourth session of the Ninth Parliament, the President said: “Some people say that the primary taxable income should be raised from […]
Sri Lanka President Ranil Wickremesinghe ceremonially declared open the fourth session of the ninth Parliament and delivered the Government Policy Statement today (February 08).The post Sri Lanka President delivers Government’s policy statement in Parliament appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post President Ranil Wickremesinghe’s Policy Statement – Full Text appeared first on Colombo Telegraph.
President Ranil Wickremesinghe told Parliament today that he will continue with his unpopular decisions. Making his throne speech, Wickremesinghe said that he is not here to be popular. He said that the unpopular decisions he takes will have positive results in the years to come. The President said that Sri Lanka expects to recover from […]
[…]The post The NPP/JVP Document: Reflections On The “Rapid Response” appeared first on Colombo Telegraph.
[…]The post Sri Lanka: Surviving The 75th Year Of Independence appeared first on Colombo Telegraph.
China’s efforts to gain the space it lost in Sri Lanka to India have hit yet another stumbling block after it vehemently opposed the invitation to Tibetan Buddhist spiritual guru Dalai Lama. Sri Lanka is a Buddhist-majority country and China’s record of treatment of religious minorities especially Tibetan Buddhists has not been good. China’s image […]
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 ...
Any government which was detached from people's true aspirations cannot bring in economic recovery through measures such as imposing taxes, National People Power (NPP) leader Anura Kumara Dissanayake said yesterday.The post Government detached from people’s aspirations cannot bring in economic recovery – Anura appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLAN...