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President Ranil Wickremesinghe told Parliament today that he will continue with his unpopular decisions. Making his throne speech, Wickremesinghe said that he is not here to be popular. He said that the unpopular decisions he takes will have positive results in the years to come. The President said that Sri Lanka expects to recover from […]
- Sri Lanka President delivers Government’s policy statement in Parliament (Category: Breaking News)
- President Ranil Wickremesinghe’s Policy Statement – Full Text (Category: Breaking News)
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
[…]The post Ballad Of A Sad Trumpet appeared first on Colombo Telegraph.
- Brahmins Demand A Debate On Debt (Category: Breaking News)
- Who Or What Made Us Insolvent (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
[…]The post Review Of Dr W.A Wijewardena’s Book ‘A Child’s Guide To Ranilnomics, Cryptos & Currency Boards’ appeared first on Colombo Telegraph.
- National Council’s Economic Stabilisation Report Is A Welcome Sign (Category: Breaking News)
- Strategic Strides From A Strategy Guru: Prof Ajantha Dharmasiri (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- Futility Of “Ranilnomics” Without Systemic Change (Category: Breaking News)
Dr. Jaishankar is in Sri Lanka to help under the “neighborhood first” strategy of India By R. R. M Lilani Dr. Jaishankar, India’s Foreign Minister, who is scheduled to arrive in Sri Lanka on January 19, 2023, has made another ‘neighbourhood first’ agreement with Sri Lanka by backing the country’s delayed debt restructuring programme with […]
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- China’s delays in restructuring the debt have put Sri Lanka in an awkward position. (Category: Breaking News)
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
By Sanath Nanayakkare The Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Tuesday that Sri Lanka had been hiding its bankruptcy which had actually occurred months before it was officially announced. He said so during a multi-TV channel programme where several key political and public officials responsible for the country’s economy were quizzed […]
- IT professionals leaving country (Category: Breaking News)
- Country attracts more than 800,000 tourists by 8 August (Category: Breaking News)
- IMF final review discussion with President today (Category: Breaking News)
- Sri Lanka reports 383 new COVID-19 cases (Category: Breaking News)
The IMF could finalise Sri Lanka’s financing package within three weeks of the country’s main bilateral creditors formally informing the IMF that they would help Sri Lanka restructure its debt, Governor of the Central Bank, Dr. Nandalal Weerasinghe, said on Thursday appearing on a TV programme. Dr. Weerasinghe said that Sri Lanka had already provided […]
- Debt restructuring strategy out in April (Category: Breaking News)
- Info about USD 4.2 bn debt deal with China shared with other creditors – CBSL Chief (Category: Breaking News)
- Sri Lanka to officially present IMF deal, debt restructuring plans to creditors tomorrow (Category: Breaking News)
- CB Governor upbeat about taking country’s loan request to IMF Board in Jan ’23 if it misses Dece... (Category: Breaking News)
By Shamindra Ferdinando Narendra Fernando, Sergeant-at-Arms of the crisis-ridden Parliament, has declared that the largest number of students, in the post-independence era, visited the House on Thursday (Dec. 01). Director, Legislative Services, Janakantha Silva, who is also the Acting Director of Communication, quoted Fernando as having said that approximately 5,000 students, from 32 schools, rec...
- MPs demand stern legal action against ex-Chairman, DG on compulsory leave (Category: Breaking News)
- DG Archaeology resigns over discord with govt. (Category: Breaking News)
- Wildlife DG Advocates Bio-Piracy (Category: Breaking News)
- Sri Lanka appoints new DG to head the country’s Petroleum Exploration Secretariat (Category: Breaking News)
I am pleasantly surprised and marvel too most times I read the editorial in The Island. Why? Because they are so very apt on the most current issue in the land. The editor has the clever knack of hitting the nail right on the head and is fearless even when the nail represents a VVIP. […]
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
[…]The post What Is To Be Done? – Anura Kumara Dissanayake appeared first on Colombo Telegraph.
- AKD’s Speech On Police & Rule Of Law: Merits & Demerits? (Category: Breaking News)
- Anatomy Of A Change; From Wijeweera’s JVP To AKD’s NPP (Category: Breaking News)
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- Government’s Attempt To Redefine The Political Discourse & Direction Through Suppression (Category: Breaking News)
By N Sathiya Moorthy At a time when India, Sri Lanka and Maldives are fighting international drug menace jointly and severally, comes President Ranil Wickremesinghe’s budget that has proposed legalising cannabis cultivation. The idea is to help boost farm-produce (?) exports and forex reserves, which are at the lowest level since the economic crisis hit […]
- Minister insists no move to legalise cannabis (Category: Breaking News)
- American arrested in Beliatta with cannabis plants (Category: Breaking News)
- Sri Lanka says no approval to cultivate cannabis (Category: Breaking News)
- Bureau of Rehabilitation Bill inconsistent with Constitution (Category: Breaking News)
[…]The post National Council’s Economic Stabilisation Report Is A Welcome Sign appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Ranil’s Biggest Woe: What To Do When Fiscal & Monetary Policies Have Failed & Are Still Falling? (Category: Breaking News)
[…]The post Economic Bankruptcy & Political Instability appeared first on Colombo Telegraph.
- Remembrance Week Marking Persecution Of Sri Lankan Muslims (Category: Breaking News)
- Modi’s Wolf Worrier Diplomacy Opens A Window For China In South Asia (Category: Breaking News)
- New Delhi, Colombo & Tamils: The Adani Factor (Category: Breaking News)
- New Delhi, Colombo & Tamils: The Adani Factor (Category: Breaking News)
About 50% of factories had been closed and the others were operating at sub optimal levels, Dhammika Samarawickrama, head of the Micro Electric International (Pvt) Ltd said during a TV interview on Wednesday night. “This is a big problem. A lot of factories have been closed, and the others are working only for about two […]
- Closed factories in North to be reopened (Category: Breaking News)
- Closed factories in North to be reopened (Category: Breaking News)
- Closed factories in North to be reopened (Category: Breaking News)
- Closed factories in North to be reopened (Category: Breaking News)
Seylan Bank, the Bank with a Heart, brought back the enigmatic character; Uncle Albert from its memorable television commercial featuring Western Union’s money transfer service, to encourage increased foreign remittances through official channels. First aired over two decades ago, the iconic advertisement features Uncle Albert saving the day by sending Suresh Rs. 50,000 via Western […]
- Seylan Bank secures Silver Award at Dragons of Asia 2022 (Category: Breaking News)
- Remittances dip to 5-month low (Category: Breaking News)
- ‘Innovative and nation minded’ digital marketing wins Seylan Bank three awards at SLIM DIGIS 2.2 (Category: Breaking News)
- Alerics Ice Cream scoops two GOLDS at SLIM Brand Excellence awards (Category: Breaking News)
Snake greeting the eagle from Lord Shiva’s neck By: B Nimal Veerasingham During my middle school days once a month on the last period of the last Friday we had a session called ‘Students club’. I was not sure whether it was part of the general curriculum or simply school specific, but it was a […]
- President’s two main challenges: Accountability and reconciliation (Category: Breaking News)
- Rise against state repression: A call to the people (Category: Breaking News)
- CBK: Proposed anti-corruption bill inadequate to end widespread problem (Category: Breaking News)
- Stop intimidating judiciary,end undermining democracy,hold elections (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Economic Reforms Unproductive Unless Extractive Institutions Are Halted appeared first on Colombo Telegraph.
- Good Governance & Economic Development – Part III (Category: Breaking News)
- Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 (Category: Breaking News)
- Review Of Dr W.A Wijewardena’s Book ‘A Child’s Guide To Ranilnomics, Cryptos & Currency Boards’ (Category: Breaking News)
- Strategic Strides From A Strategy Guru: Prof Ajantha Dharmasiri (Category: Breaking News)
[…]The post Auditors Could Have Prevented Alleged ‘Thico’/Thilini Scandal appeared first on Colombo Telegraph.
- Litro Gas & Sri Lanka Ports Authority File Challenges To RTI Commission Orders In CA (Category: Breaking News)
- CA Sri Lanka helps fight cyber crime (Category: Business)
- CA Sri Lanka goes to Kalmunai (Category: Business)
- CA Sri Lanka Members’ Night (Category: Business)
Tens of thousands of civilians and Russian-appointed officials are being moved out of Ukraine’s southern Kherson region ahead of a Ukrainian offensive, says the Russia-installed local leader. Vladimir Saldo said all Russian-appointed departments and ministries would cross the Dnieper river. Some 50-60,000 civilians would also leave in an “organised, gradual displacement”, he said...
- Massive Russian strikes target energy grid in Ukraine (Category: Breaking News)
- Putin signs Ukraine annexation laws amid military setbacks (Category: Breaking News)
- Zelensky denies Ukraine attacked Putin or Moscow (Category: Breaking News)
- Rishi Sunak visits President Zelensky in Kyiv as he pledges £50m in aid (Category: Breaking News)
USD 3.8 bn in six months Sri Lanka would be in a far more difficult situation if not for financial assistance provided by the government of India, JVP leader Anura Kumara Dissanayake told ‘Hiru’ on Monday (17) night. Dissanayake compared the assistance provided to the tune of USD 3.8 bn, within 6 months, with USD […]
- Customs revenue exceeds Rs. 109 billion in October (Category: Breaking News)
- Prez reiterates need to go ahead with local debt restructuring (Category: Breaking News)
- Sri Lanka aims to restructure USD 17 bn debt in five years  President (Category: Breaking News)
- Govt avoided loss of USD 450 Mn from controversial coal tender - COPE (Category: Breaking News)
Violence cannot be justified, under any circumstances. Therefore, the practice of referring to the JVP bids to topple the governments of the late Mrs. Sirimavo Bandaranaike (April 1971) and JRJ and Ranasinghe Premadasa (1987-1990) as southern insurrections should be stopped. The armed forces and police defeated the JVP and LTTE terrorism. Several other Tamil terrorist […]
- India, too, should be investigated -Int’l HR organisations (Category: Breaking News)
- Westminster event declares support for Canadian action against Rajapaksa brothers (Category: Breaking News)
- Sri Lanka’s foreign policy dilemma (Category: Breaking News)
- ‘Will UK’s new PM deliver justice for Tamils?’ (Category: Breaking News)
By Shamindra Ferdinando Foreign Minister Ali Sabry has reiterated that a handful of persons who advised President Gotabaya Rajapaksa caused the unprecedented economic meltdown. Sabry has alleged that politicians, officials, public sector as well as the trade unions are responsible for the crisis. The Minister said so in response to ‘Hiru’ anchor Chamuditha Samarawickrema seeking […]
- Sri Lanka to conclude debt restructuring in time for next IMF tranche  Ali Sabry (Category: Breaking News)
- Sri Lanka s biggest lesson from economic crisis was fiscal discipline  Ali Sabry (Category: Breaking News)
- Minister Sabry to participate in World Economic Forum in China (Category: Breaking News)
- Sri Lanka ideal to facilitate platform for blockchain project  Ali Sabry (Category: Breaking News)
[…]The post Will Subramanian Swami‘s Visit Revive Racist Politics? appeared first on Colombo Telegraph.
- Indian-Israeli Involvement In Sri Lanka Is A Disaster (Category: Breaking News)
- Cremating Muslim Covid Dead Bodies; Sri Lanka Is Right – Whole World Is Wrong? (Category: Breaking News)
- Cremating Muslim Covid Dead Bodies; Sri Lanka Is Right – Whole World Is Wrong? (Category: Breaking News)
- Cremating Muslim Covid Dead Bodies; Sri Lanka Is Right – Whole World Is Wrong? (Category: Breaking News)
by Goolbai Gunasekara The political scene changes from day to day….indeed from hour to hour it seems. Here are some thoughts on subjects being discussed among people like me who have no influence in politics but have plenty to say on the bizarre events that have shown a rich vein of eccentricity running through the […]
- Everyone should unite to make food security program a success - President (Category: Breaking News)
- Devolution might make police more politicised (Category: Breaking News)
- NPP: Ranil threatening stability of country by trying to put off polls (Category: Breaking News)
- People don’t vote rationally at general election held after presidential polls (Category: Breaking News)
Treasury forced to bear responsibility for Rs 2 bn in loans By Shamindra Ferdinando State Finance Minister Ranjith Siyambalapitiya has said that the State Banks weren’t in a position to release funds to the Paddy Marketing Board (PMB) as the enterprise owed them a staggering sum, running to over Rs 20 bn. Due to the […]
- PMB hasn’t purchased Yala yield at all – State Minister (Category: Breaking News)
- PMB warehouse caretakers to be paid more (Category: Breaking News)
- Officers interdicted as 700,000 kg of paddy go missing from two govt. stores (Category: Breaking News)
- Huge spur for agri sector (Category: Breaking News)
"But this time, because of this special situation that money can be used to finance the fiscal deficit as well."
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- Sri Lanka cenbank says met all end-March IMF targets (Category: Breaking News)
- Sri Lanka cenbank says met all end-March IMF targets (Category: Breaking News)
- Sri Lanka cenbank says met all end-March IMF targets (Category: Breaking News)
That means authorities we should not talk about debt restructuring parameters
- Sri Lanka has no final decision yet on domestic debt re-structuring (Category: Breaking News)
- Sri Lanka would be able to use new IMF funding for budget: CB Governor (Category: Breaking News)
- Sri Lanka rupee bonds see initial interest from foreign investors (Category: Breaking News)
- Sri Lanka expects to wrap up staff-level agreement with IMF end-August: CBSL (Category: Breaking News)
CBSL Chief Weerasinghe said on Monday that Sri Lanka had no practice of revealing IMF programmes.
- Fund Link (Category: Business)
- Continuation (Category: Business)
- No objection from Sri Lanka central bank chief to tabling IMF deal: Speaker (Category: Breaking News)
- Sri Lanka IMF deal, taxes cannot be revealed to parliament until implemented: CB Governor (Category: Breaking News)
Basically there is a limit to what can be shared with the public or parliament
- Sri Lanka opposition reiterates calls for IMF deal to be tabled in parliament (Category: Breaking News)
- Sri Lanka’s JVP gen secy makes dubious claim on IMF deal, says loan “pittance” (Category: Breaking News)
- Rate Controversy (Category: Business)
- Monetary Kudos (Category: Business)
[…]The post Futility Of Transforming A Nation Built Over A Political Cesspit appeared first on Colombo Telegraph.
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! (Category: Breaking News)
- Evaluation Of Aragalaya (Category: Breaking News)
- Politics & Death Of Sanath Nishantha: Some Sombre Lessons & Reflections (Category: Breaking News)
The Lotus Tower is to finally commence operations with the President’s Office saying it will open on 15th September, 2022. The President’s Media Division (PMD) said that locals will be able to enter the tower by purchasing a ticket for Rs. 500 (normal) or Rs. 2,000 (fast pass) while foreign passport holders will need to […]
- Colombo Lotus Tower opens to the public (Category: Breaking News)
- Lotus Tower to remain open for longer hours (Category: Breaking News)
- Colombo Lotus Tower attracts over 1.4 million visitors (Category: Breaking News)
- SLTDA denies issuing tickets to visit Lotus Tower (Category: Breaking News)
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