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Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]
The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is mainly based on information that was considered by the Monetary Policy Board of the Central Bank of Sri […]
Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA
Sri Lanka s spike in inflation is expected to be short-lived and will return to the targeted 5% in the medium term, a monetary policy report released by the central bank said on Thursday as the island nation s economy stabilises from a crippling financial crisis.
By appointing a committee to review the compliance of the MoUs signed with other countries has demonstrated that it has no experience in international relations, says SJB MP Eran Wickramaratne. President Wickremesinghe has visited 14 countries since 2022 and signed several Memorandums of Understanding (MoUs) purportedly to boost trade and investment. Addressing the media at […]
USAID Administrator Samantha Power has urged Sri Lankan President Ranil Wickremesinghe to address concerns about the potential impact of the Online Safety Act on freedom of expression.The post USAID chief urges Sri Lankan President to address concerns about Online Safety Act appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Restrictions Of Civic Space Is Unacceptable appeared first on Colombo Telegraph.
In 2007, my late friend, Jackson Anthony, and his younger son visited us in Auckland during their trip to New Zealand, I recall that he talked about the Aba script during that period. We organised a small gathering for our friends who admire his talents. Amidst casual conversations, Jackson, well-versed in both Catholicism and Sinhala […]
[…]The post Sri Lanka’s Economic Recovery, Fourth Industrial Revolution & Professor Siegfried Zuern appeared first on Colombo Telegraph.
[…]The post Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy appeared first on Colombo Telegraph.
[…]The post Vote To Establish Democracy Instead Of The Same Political Cults At The Next Election appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe, addressing concerns about China’s increased presence in the Indian Ocean region, said the island nation would not allow anything that would jeopardize India’s security.The post Sri Lanka will not allow anything harmful to India’s security – President Ranil appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By N Sathiya Moorthy For the uninitiated in Sri Lanka, AKD in politico-strategic circles in the neighbouring India’s capital, New Delhi, refers to Ajit Kumar Doval, the nation’s all-important National Security Advisor (NSA). For counterparts in India, who are even less initiated, the initials stand for Anura Kumara Dissanayake, leader of the centre-left Janatha Vimukthi Peramuna […]
President Ranil Wickremesinghe in his address at the 7th Indian Ocean Conference in Perth, focusing on the theme “Towards a Stable and Sustainable Indian Ocean, ” emphasized the urgency of addressing the climate crisis, noting the Indian Ocean’s vulnerability to warming and rising sea levels. He proposed initiatives such as the Tropical Belt Initiative and […]
Sri Lankan President Ranil Wickremesinghe delivered a speech at the 7th Indian Ocean Conference in Perth, focusing on the theme “Towards a Stable and Sustainable Indian Ocean.”The post Sri Lanka President Ranil Wickremesinghe addresses 7th Indian Ocean Conference in Perth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post NPP’s Visit To India & Learning From India’s Success appeared first on Colombo Telegraph.
A Security Salon on “Changing Regional Dynamics in the Middle East: Implications from Israel-Hamas Conflict at the Red Sea for Sri Lanka” was held on Wednesday (February 07) from 10:00 AM to 12:00 PM at the Auditorium of the Ministry of Public Security.The post Implications from Israel-Hamas Conflict at the Red Sea for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top St...
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.
N Sathiya Moorthy Chennai 4 February 2024 The way western nations through their diplomats deployed in Colombo continue to comment on what essentially are internal matters of the country, they should sooner than later be prepared for a future government either asking them to shut up or withdraw into a shell, at times quitting […]
From Pakistan to India, activists warn of tendency to throttle the net as elections near MADURAI, India — New legislation to regulate online content in Sri Lanka has renewed concern over freedom of expression ahead of expected elections. It also highlights a growing habit of restricting the internet across South Asia, from India to Pakistan. […]
[…]The post Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 appeared first on Colombo Telegraph.
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
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 […]
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 […]
[…]The post Independence, Devolution & ITAK’s New Leader appeared first on Colombo Telegraph.
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.