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[…]The post Reducing The Tax Burden appeared first on Colombo Telegraph.
The World Bank released the second tranche of the US$ 500 million Sri Lanka Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), considering the continued satisfactory progress made by the government with the reform program.The post World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms appeared first on ONLANKA - Sri Lanka Lat...
Sri Lanka is facing a major crisis with its healthcare system as more than 1,500 doctors and specialists have left the country for overseas jobs in the last year.The post Sri Lanka’s healthcare system faces a major crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
In actual fact the foundation for the current economic chaos was laid under the Yahapalana rule when they borrowed as much as USD 12 billion from the international bond market, at high interest rates, with them not even undertaking any developmental works, like the Rajapaksas, or, for that matter, any worthwhile economic activity. We certainly […]
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
[…]The post Champika Ranawaka’s Journey To Presidency: Forging His Own Path appeared first on Colombo Telegraph.
Sri Lanka’s State Minister for Technology, Kanaka Herath has articulated his commitment to implementing a steadfast digital economic policy that remains consistent across government transitions.The post Sri Lanka’s Technology Minister says Digital Economic Policies will remain unaltered when Governments change appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Don’t Disregard The Less Privileged appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Lending In A Recession: Banks Should Do Venture Capital Financing For Startups appeared first on Colombo Telegraph.
[…]The post Ranil’s Honeymoon With The ‘Inglorious Illegitimates’ appeared first on Colombo Telegraph.
[…]The post 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! appeared first on Colombo Telegraph.
[…]The post Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! appeared first on Colombo Telegraph.
Sri Lanka is trying to attract Arab visitors by promoting the travels of the famed 14th-century explorer Ibn Battuta, Colombo’s envoy to Riyadh said on Saturday.The post Sri Lanka seeks to attract Arab visitors with Ibn Battuta’s trail appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By MEERA SRINIVASAN As Sri Lanka tries to rebuild its battered economy after last year’s devastating crisis, the country’s political scene is gradually heating up, in the run up to two national elections scheduled next year — parliamentary and presidential — that will give citizens
… explains how Parliament enacted harmful laws By Shamindra Ferdinando Veteran lawyer Kalyananda Thiranagama said that the ruling Sri Lanka Podujana Peremuna (SLPP) should be held responsible for backing President Ranil Wickremesinghe’s economic strategy meant to privatise the remaining state enterprises. Addressing a public gathering in Colombo, the liberal civil society activist emphasised that ...
Sri Lanka's economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as the country claws its way back from its worst financial crisis in more than seven decades following a record fall in foreign exchange reserves.The post Sri Lanka’s economy returns
Sri Lanka s GDP for the third quarter of 2023 has increased to Rs. 2,946.1 billion from Rs. 2,900.6 billion recorded in the third quarter of 2022.
by Neville Ladduwahetty It has been reported that with India extending its ban on onion exports until March next year to increase the availability of onions in the domestic market and to keep their prices in check, Sri Lankan importers are in a quandary to meet the local requirements. Sri Lanka reportedly imports around 20,000 […]
Sri Lanka and Thailand have agreed to sign the Sri Lanka-Thailand Free Trade Agreement (SLTFTA) in February, 2024, the Foreign Ministry announced yesterday (14).The Foreign Ministry said that to pave the way for the signing of the agreement, the negotiations on the agreement would be concluded by the end of this month. The announcement was […]
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
By Shamindra Ferdinando Chairman of the Committee on Ways and Means Patali Champika Ranawaka on Tuesday (12) alleged that the Finance Ministry had allowed the operation of a distillery in spite of that company failing to pay taxes. The former minister said that the country lost millions for want of political will to recover what that company owed […]
By Rathindra Kuruwita IMF’s second review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka is expected to be completed by the end of the first half of 2024, IMF Senior Mission Chief for Sri Lanka, Peter Breuer, told journalists Wednesday morning. Addressing the IMF’s Virtual Press Briefing on the First Review of […]
President Ranil Wickremesinghe told Parliament yesterday that Sri Lanka was set to come out of bankruptcy by securing of the second tranche of the International Monetary Fund’s (IMF’s) Extended Fund Facility. “We will now focus on securing the foreign aid that was suspended after we declared bankruptcy,” the President said, making a special statement to Parliament […]
Celebrating diplomacy through development Celebrating the 75th anniversary of diplomatic relations between the United States and Sri Lanka, the U.S. Embassy has unveiled a special video chronicling the remarkable journey of development, with an emphasis on the pivotal role played by the United States Agency for International Development (USAID). Whether it’s rebuilding after disasters and conflic...
By Easwaran Rutnam in Adelaide The New Zealand High Commissioner to Sri Lanka Michael Appleton is to be appointed as Senior Foreign Affairs Adviser to New Zealand’s Minister of Foreign Affairs (and Deputy Prime Minister) Winston Peters. Appleton will return to New Zealand next month after completing his term in Sri Lanka. “I arrived in […]
In a special statement to Parliament today (13), President Ranil Wickremesinghe emphasized the critical role of the government’s program, backed by assistance from the International Monetary Fund (IMF) and debt restructuring, in rebuilding the collapsed Sri Lankan economy. The President warned
President Ranil Wickremesinghe states that the conditions imposed by the International Monetary Fund (IMF) on Sri Lanka, can only be removed by continuing along the same path and strengthening the country s economy.
U.S. Senators Ben Cardin (D-Md.) and Jim Risch (R-Idaho), Chair and Ranking Member of the Senate Foreign Relations Committee, along with Representatives Raja Krishnamoorthi (D-Ill.-08) and Bill Johnson (R-Ohio-06), have introduced a bicameral and bipartisan resolution calling for accountability in Sri Lanka. The resolution urges the Government of Sri Lanka to listen to and respect […]
The International Monetary Fund (IMF) says increasing state revenue is of paramount importance for Sri Lanka as the South Asian island nation continues to be an economy with exceptionally low tax revenues.