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[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- System Change Happening In Wrong Direction (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
The latest salvo against the government’s imposition of value-added tax (VAT) on hitherto exempted sectors came on Friday from the country’s book industry which has called for an immediate reversal of the decision to tax the sale of books at 18%. Associations representing local publishers, printers, booksellers and importers and writers and academics came together […]
- Sri Lanka’s book publishing industry faces crisis as 18% VAT sparks job losses and closures (Category: Breaking News)
- Book industry stakeholders decry ‘further taxing of reading and learning’ (Category: Breaking News)
- Special book exhibition to mark 75th independence commemoration (Category: Breaking News)
- Large Crowds At London Book Fair Sri Lanka Stall (Category: Breaking News)
ECONOMYNEXT –An Indian firm is in the process of getting permission to manage Sri Lanka’s three airports including the main Bandaranaike International Airport (BIA) where the there is an over saturation in foreign tourists, Tourism Minister Harin Fernando said. The island nation is expecting 2.2 million tourists for 2024, but the main airport needs capacity […]
- India s Adani Group to run three Sri Lankan airports? (Category: Breaking News)
- Singapore s Changi Airport to go passport-free from 2024 (Category: Breaking News)
- Strength of airport and aviation security to be increased (Category: Breaking News)
- Flights to Europe still suspended (Category: Breaking News)
[…]The post Independence, Devolution & ITAK’s New Leader appeared first on Colombo Telegraph.
- Election Year Road Map For Constitutional Reforms (Category: Breaking News)
- 1983: It Haunts Us Still! (Category: Breaking News)
- Reform Prospects: Missing Middle, Last Chance, Aragalaya-2? (Category: Breaking News)
- Tamil National Question, 13 A, Long Delayed PC Elections And Ranil’s APC (Category: Breaking News)
During a Joint Press Conference today (February 03), President Ranil Wickremesinghe expressed his utmost pleasure in welcoming Prime Minister Srettha Thavisin and his distinguished delegation to Sri Lanka.The post Sri Lanka and Thailand signed Free Trade Agreement (FTA) appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka, Thailand sign historic Free Trade Agreement (Category: Breaking News)
- Thailand says ties with Sri Lanka elevated to new heights (Category: Breaking News)
- Thailand Prime Minister to visit Sri Lanka to sign Free Trade Agreement (Category: Breaking News)
- Sri Lanka President Wickremesinghe extends warm welcome to Thailand Prime Minister Thavisin (Category: Breaking News)
State Minister of Foreign Affairs Taraka Balasuriya, speaking at a press briefing titled ‘Collective Path to a Stable Country,’ held at the President Media Centre (PMC) today (01) defended the President’s recent foreign trips and dismissed claims that the trips were unnecessary by emphasizing their importance in strengthening Sri Lanka’s foreign relations and securing new […]
- State Minister Defends President’s Foreign Trips, Highlights Gains in Partnerships and Diplomacy... (Category: Breaking News)
- Airways suffering losses due to President’s and Ministers foreign trips (Category: Breaking News)
- Sri Lanka cannot afford to be isolated on the global stage - State Minister (Category: Breaking News)
- Sri Lanka’s usable foreign reserves less than USD 50 Million – Finance Minister (Category: Breaking News)
[…]The post Let Us Know Who Are Contesting? What Are Their Policies? appeared first on Colombo Telegraph.
- Challenges In The Forthcoming Presidential Elections (Category: Breaking News)
- President Should Be Responsible! (Category: Breaking News)
- Labor Wins In Australia! (Category: Breaking News)
- A Bankrupt Country Craves For Urgent ‘System Changes’ (Category: Breaking News)
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- IMF team gives prognosis for Lanka at conclusion of nearly two-week visit (Category: Breaking News)
- Govt. retains two foreign firms to restructure ISBs (Category: Breaking News)
The United States says the Online Safety Bill, which was recently passed by Sri Lanka’s Parliament, sends a negative signal. Ambassador Julie J Chung’s Remarks at Amcham CXO Forum “75 years and Beyond: U.S.– Sri Lankan Business Relations in 2024” January 31, 2024 Thanks to the Amcham President Shirendra Lawrence, members of the Board, and […]
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
- 400 Shops In Colombo To Be Sealed (Category: Breaking News)
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.
- India has done its best to assist Sri Lanka – Jaishankar (Category: Breaking News)
- India remains committed to assist Sri Lanka in its economic recovery – Jaishankar tells Sabry (Category: Breaking News)
- JVP Leader Anura Kumara meets India’s Foreign Minister S.Jaishankar in Delhi (Category: Breaking News)
- India will continue developmental assistance to Sri Lanka in every possible area: Jaishankar (Category: Breaking News)
The United States Agency for International Development (USAID)’s Partnership for Accelerating Results in Trade, National Expenditure, and Revenue (PARTNER) activity, with the Ceylon Chamber of Commerce (CCC), have completed an on-the-job coaching programme for 50 Development Officers (DOs) attached to the Sri Lanka Export Development Board (SLEDB), said a release from the CCC. At an […]
- SLEDB joins Pakistan High Commission (Category: Breaking News)
- USAID to establish battery-operated swapping stations for E-bikes (Category: Breaking News)
- Promising ‘Sri Lanka Peace Collection’ gets US backing (Category: Business)
- AmChamHosts luncheon on private sector partnerships with USAID (Category: Business)
[…]The post Flight Of Human Capital – A Catastrophic Fait Accompli appeared first on Colombo Telegraph.
- Indian HC explains how Covid-19, Russia-Ukraine conflict expanded India’s role in SL (Category: Breaking News)
- Genocide Day’ controversy : SL registers protest with Canadian HC (Category: Breaking News)
- SL economy, IMF claims, and reality (Category: Breaking News)
- New Australian HC launches landmark educational programme (Category: Breaking News)
by Lasanda Kurukulasuriya Sri Lanka’s remarks at the meetings of the 19th Summit of the Non Aligned Movement in Uganda, must surely have had observers of international relations, especially relating to West Asia, scratching their heads. President Ranil Wickemesinghe in Kampala on Friday (19 Jan.) said he welcomed the fact that the 19th Summit gave […]
- Sri Lanka Hones Its Balancing Act (Category: Breaking News)
- We don’t have the capacity for a Red Sea deployment on our own (Category: Breaking News)
- Will this massacre of the innocent ever stop? (Category: Breaking News)
- Foreign Ministry urged to advise govt. against Red Sea deployment (Category: Breaking News)
[…]The post Chips Are Everywhere: But Can Sri Lanka Ride The Wave? appeared first on Colombo Telegraph.
- Biden’s order to restrict US investments in China’s tech sector opens new opportunities for India (Category: Breaking News)
- US Chips Act restricts companies from expanding production in China (Category: Breaking News)
- Lanka Adrift In Tempestuous Seas (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
[…]The post RW, IMF & The Economy appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
ECONOMYNEXT –President Ranil Wickremesinghe has invited political party leaders in Parliament to discuss the IMF agreement implementation with the fund’s Managing Director. “I am willing to extend an invitation to the Managing Director of the IMF to participate in a collective dialogue here. Let us collaboratively explore different perspectives and propose modifications if deemed beneficial,...
- Sri Lanka’s book publishing industry faces crisis as 18% VAT sparks job losses and closures (Category: Breaking News)
- Indo-Lanka FTA to be revived and upgraded – Prez (Category: Breaking News)
- Prez has final say in making IMF agreement available to MPs (Category: Breaking News)
- President tells Wall Street Journal time not right for Gotabaya to return home (Category: Breaking News)
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 […]
- President invites party leaders for ‘collective dialogue’ with IMF (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Sri Lanka likely to go ahead with new income tax regime, but president “ready to discuss” (Category: Breaking News)
[…]The post Challenges In The Forthcoming Presidential Elections appeared first on Colombo Telegraph.
- Let Us Know Who Are Contesting? What Are Their Policies? (Category: Breaking News)
- Is Ranil Wickremesinghe Unelectable? (Category: Breaking News)
- Election ’24: Rajapaksa Implosion & Ranil’s Red Sea Meddling (Category: Breaking News)
- Black & White; No Shades? (Category: Breaking News)
President Ranil Wickremesinghe, addressing the 30th Annual General Meeting of the Lanka Confectionary Manufacturers Association (LCMA) yesterday (24) at Cinnamon Grand Hotel, Colombo emphasized the potential for Sri Lanka to become a global player in the confectionery industry. He encouraged Sri Lankan confectioners to expand their horizons and tap into international markets. The President emphasi...
- President wants cocoa planted on tea estates (Category: Breaking News)
- President Wickremesinghe advocates expansion of Sri Lankan Confectionery Industry and Cocoa cult... (Category: Breaking News)
- President advocates expansion of Sri Lankan confectionery industry and cocoa cultivation (Category: Breaking News)
- Cinnamon cultivation will be expanded under Agricultural Modernization program – President (Category: Breaking News)
A repressive new internet law that Sri Lankan President Ranil Wickremesinghe is trying to rush through Parliament this week would create broad and vague new speech-related offenses punishable by lengthy prison terms, Human Rights Watch’s (HRC) Meenakshi Ganguly has said in a statement. The law would seriously threaten the right to freedom of expression as […]
- Law College calls for admission applications even before release of A/L results (Category: Breaking News)
- Novel project to help second year law students (Category: Breaking News)
- Rule of Law in SL must be upheld – US Ambassador (Category: Breaking News)
- BASL condemns govt. attempts to restrict freedom of expression (Category: Breaking News)
By Meenakshi Ganguly A repressive new internet law that Sri Lankan President Ranil Wickremesinghe is trying to rush through Parliament this week would create broad and vague new speech-related offenses punishable by lengthy prison terms. The law would seriously threaten the right to freedom of expression as Sri Lanka prepares for parliamentary and presidential elections […]
- Ongoing abuses undermining proposed TRC goals in Sri Lanka (Category: Breaking News)
- Rights groups urge strong UN resolution on Sri Lanka (Category: Breaking News)
- UN experts deplore use of purported AI to commit ‘domicide’ in Gaza (Category: Breaking News)
- HRW says economic crisis puts rights in Sri Lanka in peril (Category: Breaking News)
By Hiran H.Senewiratne Sri Lanka’s inflation could rise to 7 percent in January 2024 due to the VAT increase, the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe warned. Speaking at a special press briefing held yesterday, Dr. Weerasinghe explained that an increase in inflation is likely due to the increase […]
- CB reduces interest rates by 100 basis points to tackle inflation and ease borrowing costs (Category: Breaking News)
- Price controls to be removed from rupee lending rates from April 1 – CBSL Governor (Category: Breaking News)
- Policy interest rates reduced to enable economy to reach its true potential – CBSL Governor (Category: Breaking News)
- CB reduces interest rates (Category: Breaking News)
The Monetary Policy Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per cent and 10.00 per cent, respectively. The Board arrived at this decision following a comprehensive assessment of […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Demand for imports in Sri Lanka continues to remain subdued (Category: Breaking News)
- Central Bank decides to continue with tight monetary policy (Category: Breaking News)
- President orders review of Central Bank salary increase (Category: Breaking News)
[…]The post Sri Lanka’s Proposed Internet Law Threatens Upcoming Elections appeared first on Colombo Telegraph.
- Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA (Category: Breaking News)
- Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minor... (Category: Breaking News)
- Sri Lanka: IMF / World Bank – Systemic Reforms Needed (Category: Breaking News)
- Sri Lankan Govt. Should Withdraw Draft ‘Rehabilitation’ Law: Human Rights Watch (Category: Breaking News)
Mr. Sagala Ratnayaka, the President’s Senior Adviser on National Security and Chief of the Presidential Staff, emphasized today (23) at the Presidential Secretariat that President Ranil Wickremesinghe’s effective economic initiatives have fostered trust in the Sri Lankan economy on the global stage
- Trump signs sweeping stimulus measure after bipartisan appeals (Category: USA, North Dakota)
- Trump signs sweeping stimulus measure after bipartisan appeals (Category: USA, North Dakota)
- Trump signs sweeping stimulus measure after bipartisan appeals (Category: USA, North Dakota)
- Trump signs sweeping stimulus measure after bipartisan appeals (Category: USA, North Dakota)
have fostered trust in the Sri Lankan economy on the global stage. He highlighted the President’s commitment to...
- In video, President Trump recycles unsubstantiated voter fraud claims (Category: USA, Nebraska)
- In video, President Trump recycles unsubstantiated voter fraud claims (Category: USA, Maryland)
- In video, President Trump recycles unsubstantiated voter fraud claims (Category: USA, New Hampshire)
- In video, President Trump recycles unsubstantiated voter fraud claims (Category: USA, Mississippi)
Sri Lanka's central bank kept interest rates steady on Tuesday, in line with market expectations, forgoing a rate cut as a new tax threatened upward pressure on expenses and fuelled concerns about inflation.The post Sri Lanka central bank keeps policy rates unchanged to tame inflation appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
A press release issued by the Central Bank of Sri Lanka states that the Monetary Policy Board of the CBSL, at its meeting held on 22 January 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per […]
- Words of Wisdom (Category: Business)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
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.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 50.6% in February (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
President Ranil Wickremesinghe addressing the 3rd South Summit of the Group of 77 and China on Sunday (21) in Kampala, Uganda, highlighted the numerous challenges the world faces, such as conflicts, pandemic repercussions, climate disasters and financial market uncertainties. The President also emphasized the disproportionate impact on vulnerable G77 economies. He stressed the urgency of […]
- President emphasizes immediate reforms in global financial structure (Category: Breaking News)
- President meets state leaders during the 3rd “G77 and China” Global South Summit (Category: Breaking News)
- President in New York to attend UN General Assembly (Category: Breaking News)
- G-77 summit: President RW calls for earmarking 1% of GDP for R&D over a decade (Category: Breaking News)
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