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Sri Lanka’s National Consumer Price Index (NCPI) inflation eased to 33.6% year-on-year in April, after a 49.2% rise in March, the statistics department said on Monday.The post Sri Lanka’s consumer inflation dips to 33.6% in April appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
Sri Lanka is mulling measures to lure back Chinese tourists in a bid to alleviate an unprecedented debt crisis, its tourism minister said, as the South Asian nation tries to stabilize the economy.
Sri Lanka President Ranil Wickremesinghe called on every Sri Lankan to contribute to creating a glorious and prosperous country free of bankruptcy.The post Sri Lanka President says everyone must work together to build a country free from bankruptcy appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
By Hema Senanayake [email protected] IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]
[…]The post Aragalaya, Political Buddhism & Ranilocracy appeared first on Colombo Telegraph.
[…]The post Liberal Or Edible Economics: Global Disorder Worst In A Century appeared first on Colombo Telegraph.
External Affairs Minister S Jaishankar met Belgian Prime Minister Alexander De Croo on Monday, along with Commerce and Industry Minister Piyush Goyal and Union Minister of State for Entrepreneurship, Skill Development, Electronics and Technology Rajeev Chandrasekhar, to discuss expanding bilateral cooperation, including in trade and technology. “Delighted to call on PM of Belgium @alexanderdecroo ...
Friday 19th May, 2023 The Committee of Public Enterprises (COPE) has striven over the years to meet the people’s expectations as a parliamentary watchdog outfit. Together with the Auditor General and others, it has exposed numerous state institutions for their shortcomings, accounting irregularities, avoidable losses, waste, and corruption. In some cases, it has even prompted […]
[…]The post Two Challenges: Economic Recovery, Political Devolution – V appeared first on Colombo Telegraph.
[…]The post Central Banks Have A Critical Role To Play During Times Of Financial Crisis appeared first on Colombo Telegraph.
China should play a formal role in the common framework for creditor talks set up by India and the Paris Club that is aimed at facilitating Sri Lanka’s debt restructuring, a U.S. official said. Sri Lanka defaulted on its foreign debt for the first time in its history last April as its economy
Despite resistance from Pakistan and China, New Delhi’s decision to host a meeting of Group of 20 or G20 countries in Srinagar, is set to be a game-changer not only for the economy of the valley, but a diplomatic victory for India. For people of Kashmir, who have seen violence
CPC, CEB need to recover costs until end of Fund’s loan package By Rathindra Kuruwita The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday. The IMF also wanted the […]
[…]The post Preparing Or Posturing For Elections? appeared first on Colombo Telegraph.
The IMF has expressed hope that Sri Lanka’s debt restructuring process would be completed by September, which is also the time for the global lender’s formal review of the bailout facility it extended to the cash-strapped nation, a senior IMF executive said on Monday. The International Monetary Fund (IMF) recently extended a USD 3 billion […]
The Sri Lankan economy is expected to contract by 3% in 2023 given the weak external environment, Krishna Srinivasan, Director of the Asia Pacific Department at the International Monetary Fund, said on Monday.The post Sri Lankan economy expected to contract by 3% in 2023: IMF official appeared
Monday 15th May, 2023 Colombo looked like a garrison town over the weekend with a heavy military and police presence. The government had received an intelligence warning that a plot was being hatched to trigger a wave of civil disturbances, media reports said. Thankfully, what was feared did not come to pass, and the need […]
[…]The post Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies appeared first on Colombo Telegraph.
[…]The post 75 Years On: The Shameful Legacy Of The ‘Palestinian Nakba’ Continues! appeared first on Colombo Telegraph.
[…]The post Politics Of Poverty & Aswesuma appeared first on Colombo Telegraph.
[…]The post Pakistan’s May 9 & Aragalaya Anniversary In Sri Lanka appeared first on Colombo Telegraph.
The European Union and Expertise France signed an agreement to set up a Green Policy Dialogue Facility (GPDF) and support Sri Lanka’s ambition in developing a green and circular economy and ensuring its long-term macro-economic stability. In response to the pressing global environmental challenges
Islamabad [Pakistan], April 28 (ANI): Amid a rise in inflation and a shortage of foreign exchange reserves, people in Pakistan have started to face difficulties in performing Haj, Pakistan vernacular media reported. The Haj quota is now available for the first time in Pakistani history, but fewer people are making the pilgrimage. Most Pakistanis are […]
The United Nations Development Programme (UNDP) is working with Sri Lanka to develop a project to mainstream e-mobility through the conversion of 500,000 Tuk-Tuks to electric vehicles (EVs) or e-Tuk-Tuks over a 5-year period.The post UNDP to help convert 500,000 three-wheelers (Tuk-Tuks) in Sri Lanka to electric vehicles appeared first on ONLANKA News ::. Latest Sri Lanka News with Breaking News A...
The United Nations Development Programme (UNDP) is working with Sri Lanka to develop a project to mainstream e-mobility through the conversion of 500,000 Tuk-Tuks to electric vehicles (EVs) or e-Tuk-Tuks over a 5-year period. Sri Lanka, like many other global nations, is working towards adopting greener and cleaner approaches for a more sustainable and resilient […]
Thursday 11th May, 2023 Government politicians must have heaved a huge sigh of relief when the first anniversary of barbaric attacks on the Aragalaya activists at Galle Face and the equally violent backlash, which led to the collapse of the Gotabaya Rajapaksa government, passed without incident, on Tuesday. They however should not dupe themselves into […]
[…]The post Politics Devoid Of Doctrine Is Empty & Harmful In The Long-Run; Premadasa, RW & MR Are Examples appeared first on Colombo Telegraph.
[…]The post People Called On To Play Direct Role To Sustain Democracy appeared first on Colombo Telegraph.
by Poonam Muttreja In the poem The Road Not Taken, Robert Frost described the dilemma of standing at the intersection of two divergent paths. Both looked inviting, but he had to choose one. “I took the one less travelled by/And that has made all the difference,” he wrote. Half a century ago, India and China […]
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.