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Former State Minister Dr. Nalaka Godahewa, MP yesterday pointed out that a careful look at the Central Bank’s 2023 data revealed that the much-touted promise to build a thriving export-oriented economy under the current government was only a pipedream. Addressing the media at the Nidahasa office
- Dr. Godahewa asks can individuals responsible for unprecedented economic crisis be architects of... (Category: Breaking News)
- Sectoral Oversight Committee exposes CEB costing trick to make huge profits (Category: Breaking News)
- Initial consensus among MPs on recovery plan (Category: Breaking News)
- Estimated Rs 1,400 bn, from VAT in 2024 (Category: Breaking News)
The United States and Sri Lanka marked the fourteenth Trade and Investment Framework Agreement (TIFA) Council Meeting in Colombo today (18), solidifying their commitment to enhancing trade and investment relations. The technical level meeting, co-chaired by K.J. Weerasinghe of the Government of Sri Lanka and Brendan Lynch, Acting Assistant United States Trade Representative for South […]
- United States and Sri Lanka Strengthen Bilateral Trade and Investment Relations at 14th TIFA Cou... (Category: Breaking News)
- US trade delegation to explore investment opportunities (Category: Business)
- US, Sri Lanka bolster bilateral trade and investment relations at 14th TIFA Council Meeting (Category: Breaking News)
- Sri Lanka seeks technical assistance from U.S to fight corruption (Category: Breaking News)
Sri Lanka has sought technical assistance and training from the U.S in the fight against corruption. The United States and Sri Lanka marked the fourteenth Trade and Investment Framework Agreement (TIFA) Council Meeting in Colombo today (18), solidifying their commitment to enhancing trade and investment relations. The technical level meeting, co-chaired by K.J. Weerasinghe of […]
- US wants to safeguard security in Sri Lanka’s ports, aviation sectors (Category: Breaking News)
- Maithripala tells UN he rejects international probe (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
- President invites diaspora to invest in Sri Lanka (Category: Breaking News)
Iran has released five American prisoners, moving them to Tehran’s airport for a flight to the Qatari capital, Doha, as part of a prisoner exchange with the United States. Four of the five were moved to house arrest last month as part of the deal. The fifth prisoner had been moved to house arrest earlier. […]
- Historic prisoner exchange between Israel and Hamas (Category: Breaking News)
- Iranian President will participate at commissioning of Uma Oya Multipurpose Development Project ... (Category: Breaking News)
- Iranian President to inaugurate ‘Uma Oya’ project during Sri Lanka visit (Category: Breaking News)
- Iran’s President to visit Sri Lanka and launch several water projects (Category: Breaking News)
[…]The post The Apologetic Custodian Of The EPF Is Also A Victim appeared first on Colombo Telegraph.
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
- New Central Bank Bill: Gaps Need To Be Filled (Category: Breaking News)
The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked
- Sri Lanka records 2.3% negative GDP growth in 2023 (Category: Breaking News)
- Sri Lanka s economy grows 1.6% in 3rd quarter of 2023 (Category: Breaking News)
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Sri Lanka plans to cut deficit to 6.8-pct of GDP in 2023 (Category: Breaking News)
Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore
- President Ranil vows to build debt-free economy (Category: Breaking News)
- Barks of crooks (Category: Breaking News)
- President: Those who try to dictate terms to IMF have Montessori-level knowledge (Category: Breaking News)
- Exercise in futility (Category: Breaking News)
Suvendu Adhikari, a leader of India’s Bharatiya Janata Party (BJP), has been accused of making a comment which could threaten the relationship between West Bengal and Sri Lanka. Adhikari had reportedly made the comment on social media, the Thaiger website reported According to the website, Adhikari found himself in the middle of a controversy following […]
- Ranil asks West Bengal CM on opposition alliance leadership (Category: Breaking News)
- Public cautioned over threat of lightning and strong winds (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
- Sri Lanka’s Kaffir community to be used to attract tourists (Category: Breaking News)
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
[…]The post Unthinking Nation appeared first on Colombo Telegraph.
- The Smell Of Terror (Category: Breaking News)
- Politics Of Addiction (Category: Breaking News)
- Still, The Mirage (Category: Breaking News)
- Kurundi: A Runway To ’56? (Category: Breaking News)
[…]The post A Meteor Shower Of Novel Terms appeared first on Colombo Telegraph.
- Prospects For Global Capitalism: 2023 & After (Category: Breaking News)
- Ranil’s Strategic Manoeuvres: But Global Capitalism Is At A Tipping Point (Category: Breaking News)
- Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World (Category: Breaking News)
- Exploring The Silent Wilderness Of Self-Discovery (Category: Breaking News)
By Jayantha Somasundaram When Dr Salvador Allende was elected President of Chile in 1970 at the head of a coalition that included the Socialist and Communist Parties, and with a mandate to nationalise foreign capital, carry out land reform and implement sweeping welfare measures, his government was targeted by Washington and opposed by Chile’s business […]
- “The film kills Neruda” (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Whither Lanka? (Category: Breaking News)
- To Be Or Not To Be (A US Military Base) (Category: Breaking News)
Friday 15th September, 2023 Nobody dared trifle with Gotabaya Rajapaksa when he was the Defence Secretary. It was jokingly said then that he exercised 50% of President Mahinda Rjapaksa’s executive powers! Many a true word is said to be spoken in jest. Even senior Cabinet ministers used to bow and scrape before him. Never did […]
- President and SLPP parliamentary group to meet today (Category: Breaking News)
- SLPP MPs write to President calling for his resignation (Category: Breaking News)
- SLPP requests President to facilitate Gotabaya s safe return to Sri Lanka (Category: Breaking News)
- Warning shots and reassurances (Category: Breaking News)
While the progressive empowerment of people and their steady liberation from the forces of state repression could be regarded as being at the heart of democratic governance, it is imperative that the defenders of democracy everywhere ensure that these basic aims are achieved and protected by governments claiming loyalty to the fundamental ideals of democracy. […]
- Sri Lankan democracy enters new phase of forced retreat (Category: Breaking News)
- CPA survey claims JVP Leader most popular with 48.5% of those surveyed (Category: Breaking News)
- Epitome of administrative excellence (Category: Breaking News)
- A people trapped in fake democracy (Category: Breaking News)
Former State Minister Dr. Nalaka Godahewa, MP, says that the ruling party politicians were labouring under the misconception that the very individuals responsible for the unprecedented economic crisis could be the architects of the economi recovery process. The Gampaha District MP said that unless that notion was challenged and publicly disapproved it could lead the […]
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- China dithers over IMF s Sri Lanka debt plan, leaves Colombo in limbo (Category: Breaking News)
- Info about USD 4.2 bn debt deal with China shared with other creditors – CBSL Chief (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (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)
International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Sunday called on the G20 members to lead by example and deliver on the promises of $100 billion per year for climate finance supported by strengthening the Multilateral Development Banks. Speaking at the conclusion of the G20 Leaders’ Summit in New Delhi on Sunday, the IMF […]
- SL a warning sign to world:IMF Chief (Category: Breaking News)
- India greatly sensitive to needs of Lanka – PM Modi (Category: Breaking News)
- IMF says changes to G20 Common Framework required for debt restructuring (Category: Breaking News)
- IMF flags debt restructuring hurdles for distressed economies (Category: Breaking News)
[…]The post Economy, Easter Phoenix & Politics appeared first on Colombo Telegraph.
- Politics Of Easter Investigation In A Wriggling Economy (Category: Breaking News)
- Regime Failure, Grassroot Anger & Ineffective Opposition (Category: Breaking News)
- Regime Failure, Grassroot Anger & Ineffective Opposition (Category: Breaking News)
- Regime Failure, Grassroot Anger & Ineffective Opposition (Category: Breaking News)
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
Redefining sustainable innovations through eco-conscious partnerships, Sri Lanka’s largest integrated textile manufacturer, Hayleys Fabric PLC announced a ground-breaking collaboration with Pro Green Laboratory of the University of Moratuwa to upcycle industrial waste and convert it into sustainable, environmentally friendly construction materials. The partnership launched under the FaBriEco bann...
- SRI LANKA’S FIRST ISO 14065 CERTIFICATION AWARDED TO LEADING UPCYCLING BRAND HOUSE OF LONALI (Category: Breaking News)
- Hayleys wins 14 awards including coveted ‘Overall Excellence in Corporate Reporting’ at CA Sri L... (Category: Breaking News)
- Green economic recovery top priory for EU in Sri Lanka (Category: Breaking News)
- Material Recovery Facility commissioned in Negombo (Category: Breaking News)
Sri Lanka has underscored the critical importance of continuing with the EU GSP Plus tariff concessions to support the country’s transformative journey towards economic recovery. The Ambassador of Sri Lanka to the European Union, Grace Asirwatham, hosted a group of Members of the European Parliament (MEPs) who are part of the Friends of Sri Lanka […]
- EU and Sri Lanka to discuss GSP and other issues (Category: Breaking News)
- EU says PTA remains problematic (Category: Breaking News)
- Sri Lanka briefs EU on moves to address post-conflict issues (Category: Breaking News)
- Apparel sector to lose USD 494 million if Sri Lanka loses GSP (Category: Breaking News)
Sri Lanka expects to forge major deals in its debt restructuring this month as the International Monetary Fund conducts the first review of its $3 billion loan program.The post Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF expects Sri Lanka to finalize deals with creditors soon (Category: Breaking News)
- IMF wants Sri Lanka to implement deals with official creditors (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- China keeps Pakistan, Sri Lanka waiting on loan deals (Category: Breaking News)
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Good Governance & Economic Development – Part II (Category: Breaking News)
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 […]
- Taxation Without Accountability Is Not Sustainable (Category: Breaking News)
- CPA survey claims JVP Leader most popular with 48.5% of those surveyed (Category: Breaking News)
- Joint food security assessment by govt., FAO, WFP next month (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
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 […]
- JKH hoping to see recovery across all segments aided by pickup in economy (Category: Breaking News)
- Gazette issued stipulating minimum rates for tourist hotels in Colombo (Category: Breaking News)
- Tourist Experience (Category: Business)
- Sri Lankan Rupee appreciates against US Dollar (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 Latest Breaking News and Top Stories.
- 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)
People’s Bank today announced the results for its six months ended June 30, 2023 reporting total consolidated operating income and pre-tax profit amounting to LKR 48.2 billion and LKR 9.4 billion, respectively (1H -2022: LKR 80.7 billion and LKR 15.2 billion). Due to higher interest costs; stemming from the high interest rate environment which prevailed […]
- ‘People’s Bank continues to demonstrate resilience despite extraordinarily limiting circumstances’ (Category: Breaking News)
- ‘People’s Bank continues to maintain steadfast performance’ (Category: Breaking News)
- People’s Bank reports consolidated profit after tax of LKR 4.6 billion (Category: Breaking News)
- Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023 (Category: Breaking News)
[…]The post Modern Ramsethu: An Unlikely Bridge appeared first on Colombo Telegraph.
- President Anura Kumara Dissanayake (Category: Breaking News)
- Connectivity Or Captivity? (Category: Breaking News)
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
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 […]
- In terms of RTI Act House releases names of MPs who voted for new law (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
President Ranil Wickremesinghe highlighted Sri Lanka s efforts to overhaul its economy, aiming for competitiveness, seeking new markets and attracting foreign investments and capital following the path of countries like Thailand, Indonesia and Vietnam, the President s Media Division (PMD) reported.
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