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New laws contemplated by the government appears to have caused much concern among Opposition political parties for obvious reasons. The constitutionality of the proposed Broadcasting Authority Bill is expected to be challenged in the Supreme Court. The whole process of law making raised quite a stir in the wake of the recent shocking Supreme Court […]
‘Bio-diversity prospecting is a very risky area, and therefore, it has to be done right’ ‘Many good consultations needed before Sri Lanka can go for climate bonds’ Forum aims at combining profitability with ecosystem conservation and regeneration by Sanath Nanayakkare Bringing together a collection of global good practices in investing in natural capital, the Asian […]
‘Broadcasting Authority a political mechanism led by Media Secretary’ By Shamindra Ferdinando Top Opposition spokesman Prof. G. L. Peiris yesterday (05) alleged that President Ranil Wickremesinghe intended to silence television and radio stations through the proposed Broadcasting Authority Bill (BAB). The former External Affairs Minister asserted that the BAB was part of a destructive political [&...
By Rathindra Kuruwita The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said addressing the media. “
[…]The post Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! appeared first on Colombo Telegraph.
Representing Sri Lanka at the 14th International Infrastructure Investment and Construction Forum (14th IIICF) Friday (02), Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva said that under the leadership of President Ranil Wickremesinghe, the government was dedicated to driving the digitalization initiative forward under name ‘DIGIECON 2030’, signifying a pivotal step towards [&#...
[…]The post Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? appeared first on Colombo Telegraph.
Ayodhya Iddawela Perera took over as the next Managing Director of Sampath Bank PLC effective from the 1st of July 2023. She succeeded the incumbent Managing Director, Nanda Fernando, who will conclude his term in office on the 30th of June 2023, leaving behind a legacy of commitment, excellence, and service to the Bank. Having […]
[…]The post Jayantha Sivanathan (1950-2023): A Reminiscent Tribute appeared first on Colombo Telegraph.
[…]The post The Food Crisis In Sri Lanka: Why We Must Act Now! appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe reiterated his commitment to prevent any regression of the country to its previous state, emphasizing his determination to transform Sri Lanka into a fully developed nation by 2048.The post Government’s objective is to develop Sri Lanka as a thriving nation by 2048 appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri ...
The Monetary Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively, CBSL said in a statement on Thursday. The decision was taken at […]
The Colombo Consumer Price Index (CCPI) indicates that Sri Lanka’s inflation rate had eased to 25.2 percent in May from 35.3 percent in April, the President’s Media Division (PMD) said on Wednesday. This reduction in inflation provides some relief to the crisis-hit economy
By Shyam Nuwan Ganewatta Sri Lanka’s economy would recover at a rapid pace in the second half of 2023, Central Bank Governor, Dr. Nandalal Weerasinghe said yesterday addressing a press conference in Colombo.Dr. Weerasinghe also said that the inflation would drop to a single digit by the end of July
[…]The post Special Statement Delivered By President Ranil Wickremesinghe: Full Text appeared first on Colombo Telegraph.
President Ranil Wickremesinghe making a special statement to the nation reiterated his commitment to prevent any regression of the country to its previous state and his determination to transform Sri Lanka into a fully developed nation by 2048. The President explained at length the measures taken by the government in the past nine months to […]
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively. The Board arrived at […]
Sri Lanka's key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on Wednesday, reducing some stress on the crisis-hit economy.The post Sri Lanka’s key inflation rate eases to 25.2% in May appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
Sri Lanka's central bank caught markets off-guard by cutting its key rates by 250 basis points on Thursday, as it cited inflation easing faster than expected and the price outlook turning more benign.The post Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Central Bank of Sri Lanka has relaxed its monetary policy stance in line with the faster than expected slowing of inflation. The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
Sri Lanka and the International Monetary Fund (IMF) have looked at strengthening financial governance in Sri Lanka. State Minister of Finance Shehan Semasinghe had talks with the Deputy Managing Director of the IMF, Kenji Okamura. “It was a great pleasure to meet IMF DMD HE Kenji Okamura. Discussed the progress of the EFF programme, challenges […]
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura, is to visit Sri Lanka for talks. State Minister of Finance Shehan Semasinghe said that Kenji Okamura will be on a two-day official visit to Sri Lanka (31st May and 1st June). During the visit, several rounds of discussions will be held on […]
The Asian Development Bank (ADB) on Monday (29) approved a 350 million U.S. Dollar special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the ADB said in a press release. The Bank said that the programme is part of a broader package of financial assistance anchored by the International Monetary Fund’s […]
By N Sathiya Moorthy How come a ‘poor’ in Asia is also among the ‘miserable’ in the world? But it is possible, as two economic surveys of nations have shown, coming as they do almost simultaneously. A certain Hanke’s Annual Misery Index (HAMI) 2022 has ranked Sri Lanka as the 11th […]
The Asian Development Bank (ADB) today approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization.The post ADB approves $350 Million for Sri Lanka economic stabilization programme appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price […...
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.The post Sri Lanka needs to boost entrepreneurship to overcome ongoing crisis – Central Bank Governor appeared first on ONLANKA News - Sri Lanka News Service to g...