@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
553 results found in 2219 ms
Page 4 of 19
Wang Yi, Director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, (and Foreign Minister) said, on Wednesday, that China would help Sri Lanka effectively address the challenges of financial debt. Wang, also a member of the Political Bureau of the CPC Central Committee, said so during […]
Wang Yi, director of the Office of the Central Commission for Foreign Affairs, vowed that China will help Sri Lanka effectively address the challenges of financial debt on Wednesday.The post China to help Sri Lanka address challenges of financial debt – Foreign Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lankan President Ranil Wickremesinghe underscored the imperative to fortify the nation’s economy, ensuring that forthcoming generations are spared from enduring the unfortunate period that both the country and its people have weathered in the past two years.The post Sri Lanka risks returning
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential economic growth in heavily polluted areas of the world by one-third. It […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
Iran and Sri Lanka agreed to take action regarding the release of prisoners of the two countries in a humane way in the near future, the Iranian Foreign Minister said. Today the potential of the Asian continent has attracted the attention of the world powers, and Asian countries, Iranian Foreign Minister Hossein Amir-Abdollahian said in his […]
Sri Lanka is in talks with a Singapore based company to transform Colombo and give it a new look. President Ranil Wickremesinghe said that the vision to transform Colombo into a beautiful city is already in motion, with plans provided by Surbana Jurong. Surbana Jurong Group is a global urban, infrastructure and managed services consulting […]
The Society for Peace, Unity and Human Rights for Sri Lanka (SPUR), Victoria Australia, along with like-minded organisations in Australia, England and the Middle East, write to register our protest with regard to the decision of President Ranil Wickramasinghe of Sri Lanka, to offer pardon to the former LTTE cadres who participated in killing 91 innocent civilians and injuring over 1,400 […]
As Sri Lanka sank deep into its economic crisis last year, dentist Lakmal Kulasekara watched many in his field pack up and leave. No matter how bad things became, he was determined to stay.The post Sri Lanka hit by record brain drain, but some stay to rebuild appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Chief of Presidential Staff and Senior Adviser on National Security to the President Sagala Ratnayake stated that the government is not going to play any politics but to set the country right. Many individuals like to see the country collapse as they will not have any political opportunities if it succeeds, he continued. “We are […]
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
During a discussion with Tamil Parliamentarians representing the North and East on Tuesday (18), President Ranil Wickremesinghe emphasized that he has already put forth a comprehensive proposal to address the problems faced by the people in those regions and it is up to the Tamil Parliamentarians whether to take it forward or not. President Wickremesinghe […]
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
[…]The post Speeding Up Recovery Requires Consistency appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.
Monday 17th July, 2023 The Parliamentary Select Committee (PSC) appointed by Speaker Mahinda Yapa Abeywardena to investigate the causes of the country’s bankruptcy has come in for severe criticism, and understandably so. The Opposition has rightly pointed out that the PSC cannot be expected to act impartially under the chairmanship of General Secretary of the […]
Expressing his gratitude to “trustworthy friend” India for saving Sri Lanka and preventing a “bloodbath” during its unprecedented economic crisis last year, Parliament Speaker Mahinda Yapa Abeywardena has said that not a single nation has extended that kind of assistance to Colombo as done by New Delhi.The post Sri Lanka’s Speaker thanks India, Indian Prime Minister Modi for help during fina...
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit and was pressed into retirement for his troubles.The post ‘No second chance’ to save Sri Lanka, central banker warns appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the island nation, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing director M. Senthilnathan said.The post India to allow Sri Lanka to repay debt over 12 years appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.The post Analysis: A year later, Sri Lanka’s tentative
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the country, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s Chairman-cum-Managing Director M. Senthilnathan said. Sri Lanka, facing its worst economic and political crisis in over seven decades, owes $7.1 billion to bilateral creditors— $3 […]
Sri Lanka recorded 624,874 tourist arrivals by end of June this year and is confident of reaching its target of 2 million tourist arrivals by the end of this year. Sri Lanka Tourism Promotion Bureau (SLTPB ) with the support of Sri Lanka Tourism Development Authority (SLTDA) and Sri Lanka Convention Bureau (SLCB), marked a […]
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.The post Sri Lanka set to start tea-for-oil barter with Iran next month appeared first on ONLANKA - Latest Breaking News updates on Sri Lanka.
Prime Minister Narendra Modi’s vision of an ‘Atmanirbhar Bharat’ (self-reliant India) has been instrumental in shaping the startup culture in ‘Naya Jammu and Kashmir’. After the revocation of Article 370, Jammu & Kashmir has witnessed a significant transformation with regard to the promotion of a startup culture. The initiatives and support of the administration h...
The Sri Lanka Banks Association (SLBA) has urged policymakers to engage with commercial banks via the Central Bank of Sri Lanka (CBSL) to ensure a comprehensive and well-coordinated approach to alleviating the stress felt by the industrialists in loan default, following the COVID-19 pandemic and the economic crisis. The Association, which represents all Licensed Banks […]
By N Sathiya Moorthy Addressing a teacher-centric event at ‘Temple Trees’ the other day, President Ranil Wickremesinghe underscored the importance of English education and promised to ensure that teachers and necessary resources are provided for the purpose. In the same vein, he also highlighted that the opportunity should also be given to learn languages such as […]
[…]The post FDIs – BOIs & Exchange Crisis appeared first on Colombo Telegraph.
By Y P Prakash The current state of Sri Lanka evokes memories of India’s experience in the 1990s, although India was able to rectify the situation before it escalated to a critical level akin to a Bastille-like crisis. By 1991, India found itself on the brink of sovereign default. The Gulf War exacerbated the situation […]