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[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
By Saman Indrajith President Ranil Wickremesinghe yesterday told Parliament that the government was planning to exempt items such as books, school equipment, health equipment, and medicine from VAT. Making a special statement in the House, the President said: “By 2022, the country was slated to repay approximately US$6 billion in foreign debt annually, amounting to […]
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has sought temporary relief from debt defaults from 2023 till 2027, President Ranil Wickremesinghe told Parliament, Wednesday. He said that Sri Lanka plans to diligently work towards repaying the loans in the period from 2027 to 2042. “Sri Lanka faces a significant burden of debt. By 2022, the country was slated to repay […]
[…]The post Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinians Under Zionist Occupation – Part III appeared first on Colombo Telegraph.
Sri Lanka is deeply troubled about the death of over hundred people who were waiting to receive aid in Gaza and joins the call for investigation into the incident. The latest incident underscores the immediate need to end the blockade imposed on Gaza, depriving its civilian population, including women and children, of access to basic […]
As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]
Lately Sikh Federation UK had been advocating for a Sikh ethnic group in the UK census, saying that is what the Sikh population in the UK wants. However, recent revelations have severely dented SFUK’s efforts and credibility. A report by the Network of Sikh Organizations on December 18, 2023, shed light on the staggering decline […]
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 […]
Expanding its subcontinent profile, Thailand’s National carrier “Thai Airways” has announced their resumption of direct flight services to Colombo, connecting the Fareast and Southwest Pacific towards the pearl of the Indian Ocean. Thailand being one of the famous leisure destinations in the region with Bangkok being its capital city is well known for nightlife, excellent cuisine and […]
[…]The post From Biden To Trump, Mahinda To Ranil! Have We Run Out Of Choices? appeared first on Colombo Telegraph.
China’s MSS counters ISI to take control of Gilgit Baltistan. Both Gilgit Baltistan and Balochistan are currently the most unstable regions due to human rights violations by Pakistan and are witnessing protests which makes them an ideal location for the Left Wing whom China is harnessing. The Chinese objective is to use the left-organised movements […]
By Zinara Rathnayake Jezima Mohammed has run a small workshop and boutique, Jez Look Batiks, from her home in Matara, Sri Lanka, for nearly seven decades. Now in her 80s, she still works every day. When visitors stop by, the batik artist proudly shows off framed letters from Buckingham Palace and a photo of Queen Elizabeth II […]
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
Urges unity over deep political divisions for effective crisis management Says ‘intricate’ foreign debt restructuring will take up to six months Invites Opposition to confer with institutions that foster international financial stability by Sanath Nanayakkare As government revenue increases, measures will be taken to increase benefits for the people accordingly, President Ranil Wickremesinghe said...
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 appeared first on Colombo Telegraph.
Indian Navy submarine INS Karanj, arrived in Colombo on a two day visit, the Indian High Commission in Sri Lanka said. The submarine was received in a ceremonial manner by the Officer of the guard of Sri Lanka Navy. The High Commissioner of India in Sri Lanka, Santosh Jha visited the submarine on February 03 […]
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
Indian External Affairs Minister Dr. S. Jaishankar has encouraged Indians to visit Sri Lanka if they want to travel overseas on holiday. He also noted that India’s assistance to Sri Lanka during its economic crisis has played a key role in enhancing India’s image among Sri Lankan citizens. “My first advice to you, the next […]
India’s Minister of External Affairs Dr. S. Jaishankar has urged all Indians to visit Sri Lanka, emphasising the strong ties between the two nations.The post ‘The next time you want to take a holiday, go to Sri Lanka’ – Jaishankar to Indians appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The world’s largest cruise ship has set sail from Miami, Florida, on its maiden voyage, amid concerns about the vessel’s methane emissions. The 365m-long (1,197 ft) Icon of the Seas has 20 decks and can house a maximum of 7,600 passengers. It is owned by Royal Caribbean Group. The vessel is going on a seven-day […]
President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF. Emphasizing the importance of unity in leading the country to success, he reiterated that withdrawing from the agreement […]
[…]The post Plans, Teams & Mis-Steps appeared first on Colombo Telegraph.
Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Japan’s high-precision “Moon Sniper” lander has touched down on the lunar surface in a first for the country, the Japan Aerospace Exploration Agency (JAXA) has said. But the agency said it was still “checking its status” due to an issue with the craft’s power supply. Officials also said they needed more time to analyse whether […]
… USD 5 mn paid to Iran a month By Shamindra Ferdinando Power and Energy Minister Kanchana Wijesekera has confirmed that consumers of petrol and diesel have been made to pay Rs. 50 to Rs. 55 per litre since the middle of last year to settle what the Ceylon Petroleum Corporation (CPC) owed its creditors. […]
By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]
In recent weeks, missile and drone attacks on cargo ships crossing the Red Sea have caused the biggest disruption to global trade since the COVID-19 pandemic. Despite delayed supplies, however, oil prices have remained surprisingly stable. In response to Israel’s war on Gaza, Houthi rebels – the Iran-aligned Shia movement that controls northern Yemen and […]