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[…]The post Economy, Easter Phoenix & Politics appeared first on Colombo Telegraph.
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
Sri Lanka’s government will appoint a parliamentary committee to investigate allegations made in a British television report that Sri Lankan intelligence had complicity in the 2019 Easter Sunday bombings that killed 269 people.The post Sri Lanka will investigate allegations of intelligence complicity in 2019 Easter bombings appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories...
[…]The post Singapore Elected A ‘Tharman’; For Sri Lanka, A ‘Kadirgamar’ Still A Wish! appeared first on Colombo Telegraph.
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel. The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation […]
A proposal, set to take effect from October 1, 2023, stipulates rates of USD 130 for 5-star hotels, USD 100 for 4-star hotels, and USD 80 for 3-star hotels within the city of Colombo. While the authorities argue that this measure aims to counter underpricing by higher-tier hotels, this policy threatens to undermine the growth […]
Indonesia is to continue assisting Sri Lankans affected by the economic crisis, the Indonesian Embassy in Colombo said. The Indonesian Embassy in Colombo, in collaboration with the Sri Lanka-Indonesia Friendship Association (SLIFA), again held a “Cultural and Charity Bazaar”
Sri Lanka has repaid another US$100 million of the $200 million loan it took from Bangladesh in a currency swap agreement two years ago. “Sri Lanka has paid back $100 million to us on Thursday (31 August). Now they are expected to return the remaining $50 million in due course,” said Bangladesh Bank (BB) Spokesperson […]
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
By Shamindra Ferdinando The rebel SLPP group has demanded to know whether Adani Green Energy Ltd., represents the government of India.It has raised this question in the wake of Sri Lanka declaring its intention to consider the proposed construction of two wind and solar power parks in Mannar (286 Megawatt) and Pooneryn (234 megawatt) in […]
[…]The post Forget The Ignorant Bureaucrats, This Is Why We Need To Understand Climate Change appeared first on Colombo Telegraph.
[…]The post Modern Ramsethu: An Unlikely Bridge appeared first on Colombo Telegraph.
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022
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
Bio Foods (Pvt.) Ltd., a pioneer in export agriculture in Sri Lanka, proudly commemorates its 30th anniversary as a leader of organic and fair-trade agriculture on a global scale. Established in 1993 by visionary founder and Chairman, Dr. A. Sarath Ranaweera, Bio Foods has emerged as an exemplary model for sustainable and ethical farming practices. […]
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
By J. Edward Moreno Tremors in China’s real estate market are shaking the country’s economy, as well as the world, which has come to rely on China as a reliable engine of growth. Major developers are faltering as they face huge losses, struggle with mountains of debt and miss payments to lenders. A long-running building boom […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
India’s External Affairs Minister S Jaishankar on Wednesday pledged continued development assistance in every possible area to Sri Lanka amid its ongoing economic crisis.The post India will continue developmental assistance to Sri Lanka in every possible area: Jaishankar appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Naked King & The Crumbling State: Seven Decades Of Fake Saviours appeared first on Colombo Telegraph.
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV appeared first on Colombo Telegraph.
[…]The post Change Flight From Stability With Stagnancy appeared first on Colombo Telegraph.
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has finally started paying back the $200 million it took from Bangladesh in a currency swap agreement in August 2021, more than a year and a half later than the original agreed date. On August 17, Sri Lanka sent $50 million to Bangladesh, which is the first instalment of the payment, according to Md Mezbaul […]
By Jehan Perera The situation in the country, particularly with regard to the economy and politics, can be described as stable but stagnant. The economy is stable in that it has not experienced further collapse in comparison to the kind witnessed last year when international bankruptcy was admitted. But the economy still continues to contract, […]
By Dr. Prasanna Cooray First, we should question whether the age-old notion of “Free Healthcare in Sri Lanka” is valid anymore. Going by the Total Health Expenditure statistics of the country, one would realise it is a misnomer.According to healthcare spending in Sri Lanka, from 1990 to 2019, published by the Institute for Health Policy, […]
Milinda Moragoda, who is scheduled to relinquish duties as Sri Lanka’s High Commissioner in New Delhi, has stressed the pivotal importance of the two countries developing the current relationship to a strategic level, on the basis of recently inked agreements. Moragoda said so addressing the students of the 63rd National Defence Course at the National Defence College (NDC) […]