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* Tax revenue to be raised by 47.1% in 2024 * Rs 10,000 increase for public sector workers * Pensioners to get Rs 2,500 allowance * Rs. 450 bn reserved for bank recapitalization * Four new universities to be established * 20% of state banks to be given off by Saman Indrajith President Ranil Wickremesinghe, […]
- Budget 2024 (Category: Breaking News)
- Sri Lanka’s Budget Speech 2024 (Category: Breaking News)
- A high-wire act (Category: Breaking News)
- President presents budget replete with reforms (Category: Breaking News)
As cricket in Sri Lanka is currently facing an institutional crisis and a shortage of talent Rs. 1.5 billion is to be allocated from the 2024 budget for the development of school cricket and for providing necessary facilities to cricket players at the provincial level. Schools and provinces
- Opening Play (Category: Business)
- UPDATE-1-Cricket-Sri Lanka's Jayasuriya to retire this month (Category: Breaking News)
- Hit Wicket (Category: Business)
- Test cap in sight (Category: Australia, Queensland)
‘2017 Foreign Exchange Act must be repealed’ By Shamindra Ferdinando President Ranil Wickremesinghe’s Director General on Trade unions Saman Ratnapriya yesterday (08) denied what he called the Opposition’s unsubstantiated claim that sugar importers had benefited from the latest increase in the Special Commodity Levy from 25 cents per kg of sugar to Rs 50 per […]
- Saman Ratnapriya appointed DG Trade Unions to President (Category: Breaking News)
- Certain political factions actively promoting racial conflicts to further own agendas - Saman R... (Category: Breaking News)
- Presidential election likely in 2024 - Saman Ratnapriya (Category: Breaking News)
- Teacher trade unionist asked to explain how he received salary for 23 years without teaching (Category: Breaking News)
Sri Lanka and Argentina remain very vulnerable amid a worsening in global financial conditions while China has suffered a sharp deterioration in financial resilience since pre-COVID times, a think-tank study found on Wednesday.The post Sri Lanka, Argentina top list of most vulnerable economies -study appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- India has been greatly sensitive to the needs of Sri Lanka – Modi (Category: Breaking News)
- Sri Lanka, Argentina top list of most vulnerable economies  study (Category: Breaking News)
- Nomura warns seven emerging economies including Sri Lanka face currency crisis danger (Category: Breaking News)
- Is There Another Way? Debt Restructuring, IMF and Future of Sri Lanka (Category: Breaking News)
Close on the heels of humiliating battlefield defeats in the Jaffna peninsula, President Chandrika Bandaranaike Kumaratunga declared her intention to establish full diplomatic ties with Israel. Sri Lanka opened a diplomatic mission in Tel Aviv in Oct 2000 after having established full diplomatic ties with the Jewish State in May 2000, just a few weeks […]
- Focus on early stage of ‘unwinnable’ Eelam conflict over a decade after Nandikadal confrontation (Category: Breaking News)
- Army opens Advice Centre in EP (Category: Breaking News)
- “Go Gota Go” = Abolish EP (Category: Breaking News)
- Blind security sector reforms: (Category: Breaking News)
ECONOMYNEXT –Opposition and SJB leader Sajith Premadasa has accused the government of shrinking the economy through its proposal to increase value added tax (VAT) to 18 percent, claiming that it will reduce spending and investments. Speaking at an event on Friday November 03, Premadasa said Sri Lanka is experiencing a shortage in both dollars and […]
- Sajith slams Ranil’s Red Sea move (Category: Breaking News)
- JVP lashes SLPP’s VAT “dupliciy” (Category: Breaking News)
- Debate on VAT Bill: Parliament session adjourned (Category: Breaking News)
- JVP-led CTSU threatens protests against VAT on school materials (Category: Breaking News)
[…]The post Doctors’ Brain Drain: Health Security Concern In Sri Lanka appeared first on Colombo Telegraph.
- Flight Of Human Capital – A Catastrophic Fait Accompli (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Using Vaccines Against Covid Is Far Cheaper & Safer Than Using Local Brews! (Category: Breaking News)
- Using Vaccines Against Covid Is Far Cheaper & Safer Than Using Local Brews! (Category: Breaking News)
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
- Sri Lanka’s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
President Ranil Wickremesinghe has ordered Police protection for Israelis in Sri Lanka and also condemned the unprecedented attack by Hamas on Israel killing a large number of civilians. The President told the Cabinet that there are several Sri Lankans working in Israel and the Ministry of Foreign Affairs must locate them and ensure their safety. […]
- Debt restructuring to be completed before polls (Category: Breaking News)
- President to study letters sent by SLC to ICC (Category: Breaking News)
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- President appoints new members to Anti-Corruption Commission (Category: Breaking News)
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Child’s Guide To Ranilnomics: Need Is Going For IMF Plus (Category: Breaking News)
- Good Governance & Economic Development – Part III (Category: Breaking News)
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- Child’s Guide To Foreign Borrowings: Are They An Evil Or Not? (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
[…]The post Sri Lanka – Nation Building, Devolution and the 13th Amendment – Part II appeared first on Colombo Telegraph.
- Sri Lanka – Nation Building, Devolution & The 13th Amendment – Part III (Category: Breaking News)
- Sri Lanka – Nation Building, Devolution & The 13th Amendment – Part IV (Category: Breaking News)
- Sri Lanka – Nation Building, Devolution & The 13th Amendment (Category: Breaking News)
- Sri Lanka – Nation Building, Devolution & The 13th Amendment – Part VII (Category: Breaking News)
Thursday 28th September, 2023 Power and Energy Minister Kanchana Wijesekera is reported to have said at a conference held by the Finance Ministry, on Tuesday (26), that there are more than 4,000 vacancies in the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). According to media reports quoting him, the vacancies at the […]
- Cash-strapped CEB arranged for bank loans to workers at govt. expense – Kanchana (Category: Breaking News)
- CEB restructuring proposals to be finalised in two weeks (Category: Breaking News)
- CPC workers launch Sathyagraha (Category: Breaking News)
- Union blames loss-making state ventures on governments using them as job banks (Category: Breaking News)
By Shamindra Ferdinando Opposition MP Harshana Rajakaruna yesterday (25) said those who had defeated the no-confidence motion (NCM) against Health Minister Keheliya Rambukwella should peruse the latest State audit report on the Health Ministry. The Gampaha District SJB MP said the Committee on Public Accounts (COPA) at a recent meeting chaired by State Minister Lasantha Alagiyawanna had strongly [...
- SJB tells govt.:Elections not prerogative of President (Category: Breaking News)
- Govt. causes split in SJB by appointing Mayantha as COPF head instead of Harsha (Category: Breaking News)
- NFF accuses SLPP of causing irreversible damage to COPE (Category: Breaking News)
- Opp. seeks IMF intervention to rein in corruption (Category: Breaking News)
By Udari Abeyasinghe One of the principles of free education is to provide opportunities in higher education. In 2020, then-President Gotabaya Rajapaksa issued directives to the University Grants Commission (UGC) to increase university admissions by an additional 12,000 students, in line with his election manifesto. Subsequently, student enrollments were increased with inadequate resources allocat...
- Medical education at crossroads (Category: Breaking News)
- Universities in crisis: Key learnings (Category: Business)
- Chaos in universities: A solution? (Category: Business)
- Country fast running out of dons to keep universities ticking (Category: Breaking News)
Recent address by Dr. Sarath Gamini De Silva to the Galle Medical Association It is indeed my privilege and pleasure to be given this opportunity to address the members of the Galle Medical Association (GMA). I am grateful to the President and the Council of the GMA for inviting me as the guest of honour […]
- Nursing in Sri Lanka: A Journey of Dedication, Challenges, and Trends (Category: Breaking News)
- SLMC protest against governments decision (Category: Breaking News)
- Series of events to mark Sri Lanka Medical Association’s 125th anniversary (Category: Business)
- Doctors in Sri Lanka's Galle District on strike demanding Mayor's arrest (Category: Breaking News)
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage.The post Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka given more time to repay Bangladesh s $200m loan (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
- Sri Lanka returns another $100 million to Bangladesh (Category: Breaking News)
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last instalment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh […]
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Bangladesh did not expect Sri Lanka to pay back the loan so fast (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Zelenskyy says Ukraine has delivered grain to Sri Lanka (Category: Breaking News)
The Chinese spy ship ‘Shi Yan 6’ has entered the Malacca strait, bound for Colombo, amid confusion over whether Sri Lanka has granted access for the spy vessel to dock at Colombo. According to reports last month, the Sri Lankan Defence Ministry has granted Shi Yan 6 access to dock at Colombo port. However, the Sri Lankan […]
- Sri Lanka approves request to dock Chinese Research / Survey Vessel Shi Yan 6 (Category: Breaking News)
- Chinese research vessel ‘Shi Yan 6’ to dock in Colombo today (Category: Breaking News)
- Chinese research vessel permitted to make port call in Sri Lanka in Nov. (Category: Breaking News)
- Sri Lanka grants Chinese vessel 48 hours to conduct marine research (Category: Breaking News)
Minister of Agriculture Mahinda Amaraweera has assured that egg and chicken prices are likely to decrease next year and remain stable thereafter.The post Egg prices expected to drop, imports unnecessary from next year – Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Poultry and egg prices expected to drop – Minister of Agriculture (Category: Breaking News)
- Rising egg consumption should not deter exports: minister (Category: Breaking News)
- Poultry and egg prices expected to drop; Egg imports unnecessary – Minister of Agriculture Mahin... (Category: Breaking News)
- Sri Lanka to allow maize, soybean imports on open account (Category: Breaking News)
Talks between Sri Lanka and its international bondholders will seek common ground on how much of a hit should be incurred by domestic banks and holders of debt of the country's state-owned enterprises (SOEs), two sources with direct knowledge said.The post Sri Lanka bondholders talks focus on state enterprise debt, domestic banks – sources appeared first on ONLANKA - Sri Lanka Latest Breakin...
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
By Shamindra Ferdinando The rebel SLPP group yesterday (04) urged the ruling SLPP not to protect Health Minister Keheliya Rambukwella at the vote on no-faith motion against the Kandy District lawmaker. Secretary General of Parliament Kushani Rohanadeera said the vote would be held on Friday (08) following a three-day debate, commencing on Wednesday (06). SLPP National […]
- Opposition: Parliament prorogued to derail finance committee probes (Category: Breaking News)
- GL mocks President’s claim of presiding over only country in Asia where democracy is completely ... (Category: Breaking News)
- GL: Cost of living intolerable, street protests inevitable (Category: Breaking News)
- Prez would not have taken on judiciary without SLPP’s backing – GL (Category: Breaking News)
Monday 4th September, 2023 Sri Lankans with a predilection for gratuitous violence or wanton brutality no longer have to spend money to watch western gangster movies. Local television news bulletins are full of actual scenes of violence; they are in fact scarier than taut Hollywood thrillers such as Tarantino’s Reservoir Dogs. Sicarios of local gangsters […]
- Litro Gas turning a profit after years - Chairman (Category: Breaking News)
- No gas distribution tomorrow as well - Litro (Category: Breaking News)
- Domestic LP gas cylinders not distributed tomorrow as well (Category: Breaking News)
- No distribution of domestic LP gas tomorrow - Litro (Category: Breaking News)
The QR code based National Fuel Pass system will be discontinued in Sri Lanka with effect from today (September 01).The post Sri Lanka to discontinue QR code based National Fuel Pass from today (September 01) appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
- National Fuel Pass: Implementation from July 26 – Only QR code based service from August 01 (Category: Breaking News)
- Refuelling according to the National Fuel Pass further delayed (Category: Breaking News)
- Fuel quota to be increased from Tuesday (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
Thuesday 22nd August, 2023 No sooner had the Indian government announced its decision to impose a 40% tax on onion exports to overcome a shortfall in the domestic supply than Sri Lankan traders jacked up onion prices exponentially. They would not have reacted so swiftly to a drop in onion prices in the international market. […]
- Agriculture Minister calls for immediate report on big onion cultivation (Category: Breaking News)
- Pesticide resistant insect destroys onion cultivation in Jaffna peninsula (Category: Breaking News)
- Rice morning , noon ,and night in Sri Lanka (Category: Breaking News)
- Govt. all hat no cattle (Category: Breaking News)
Sri Lanka expects the first review by the International Monetary Fund (IMF) in September to be successful. State Minister of Finance Shehan Semasinghe said that the IMF will assess the programme’s performance until the end of June. “We welcome the IMF team in Sri Lanka for the first review of the Extended Fund Facility (EFF) […]
- Sri Lanka confident of reaching Staff Level deal with IMF (Category: Breaking News)
- IMF Executive Board to meet on 12th June to decide on Sri Lanka (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
Sri Lanka’s largest bilateral creditor, China, has assured the island nation its help in effectively addressing the debt challenges as it has to finalise the external and domestic debt restructuring of a whopping USD 41 billion by September before the IMF’s first review. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
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