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Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign reserves and to emerge from last year s unprecedented economic crisis.
(Excerpted from volume ii of the Sarath Amunugama autobiography) During one of my visits to Colombo I got a call to see the President at ‘Breamar’. Gamini Dissanayake had told him of my friendship with Parathasarathy and he wanted me to help him repair the damage done to their friendship due to the abuse heaped […]
In a recent research study involving 25 leaders and executives from PR agencies in Sri Lanka, it was found that over 90% of participants believe that Artificial Intelligence (AI) is already present in the country’s communications industry. Moreover, nearly two-thirds of the respondents stated that AI is poised to have a significant impact on the […]
A top Sri Lankan athlete who set national records in the pole vault has been working as a housemaid in Dubai to help support her family at home. For the last year Sachini Perera, 24, has put her athletics dreams on hold when Sri Lanka’s currency crisis and soaring medical bills
There is bad news for Beijing from Colombo. President of Sri Lanka Ranil Wickremesinghe has announced that his government will not allow the island nation to be used as a base for threats against India. He has also emphasized that Sri Lanka is a neutral country and has no military agreements with China. In an […]
[…]The post A Reflection On Forty Years Since The ‘Black July’ Anti-Tamil Pogrom In Sri Lanka appeared first on Colombo Telegraph.
In response to a severe debt crisis, the Sri Lankan government is taking prompt action to address the situation. One of the key measures being taken is the expediting of Free Trade Agreement (FTA) negotiations with China. Alongside this, Sri Lanka has expressed a strong interest in joining
India and Sri Lanka said on Friday that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries.The post India, Sri Lanka agree to boost ties through energy, power and port projects appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has notified the Indian rupee as a designated currency, Indian External Affairs Ministry Spokesperson Arindam Bagchi said on Thursday (July 20). “In terms of trading in our national currencies, Sri Lanka has already notified India Rupee as designated foreign currency in their system,” Bachi said during a weekly media interaction in New Delhi. […]
Indian Prime Minister Narendra Modi today urged President Ranil Wickremesighe to fulfill the aspirations of the Tamils and also implement the 13th Amendment to the Constitution. He said he hopes the Sri Lankan Government will ensure a life of respect and dignity for the Tamil community of Sri Lanka. “We hope that the Government of […]
India expects Sri Lanka to implement the 13th Amendment and ensure a life of “dignity and respect” for its Tamil population, said Indian Prime Minister Narendra Modi on Friday (July 21).The post Indian Prime Minister urges Sri Lankan President to ensure “life of dignity and respect” for Tamils appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
During his inaugural visit to India after assuming office, President Ranil Wickremesinghe commended the neighbouring nation s unwavering support and solidarity during Sri Lanka s recent economic crisis.
Prof. Aminda Methsila Perera, Head of the Department of Accountancy at Wayamaba University, has raised concerns about another possible economic crisis facing Sri Lanka in September this year.
Sri Lankan President Ranil Wickremesinghe arrives in New Delhi on Thursday on a two-day visit hoping to strengthen economic ties between the South Asian countries.The post Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Friday 21st July, 2023 Minister of Wildlife and Forest Resources Conservation Pavithra Wanniarachchi finds herself in an unenviable position. The two sectors under her purview are perennially in crisis, and sorting them out is a Sisyphean task, which no minister has been equal to all these decades
Sri Lanka Government to relax import restrictions imposed on 328 more items from tonight (July 20).The post Sri Lanka to relax Import restrictions on 328 more items from tonight appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka President Ranil Wickremesinghe departed on a two-day official visit to India this afternoon (July 20).The post Sri Lanka President Ranil Wickremesinghe leaves for India on two-day official visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Video: Parliament debates Sri Lanka's health crisis
by Y P Prakash The Sri Lankan government, led by Power & Energy Minister Kanchana Wijesekara, has placed significant emphasis on regional energy integration and grid connectivity between Sri Lanka and India. The target for implementing this initiative is 2030. Discussions regarding regional energy integration have been ongoing for more than two decades, and the […]
Fuel quotas will be further increased next month after evaluation, Sri Lanka’s Power and Energy Minister Kanchana Wijesekara said today (July 20).The post Sri Lanka to increase QR based Fuel quotas again in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has received foreign grants amounting to EUR 9.8 mn meant to improve transparency and accountability in public finance expenditure. The EU disclosed the grant in a statement issued yesterday. According to the statement, the government, the World Bank, the European Union (EU) and Agence Française de Développement (AFD) have signed financing agreements to […]
PCs better in managerial efficiency and financial discipline than ministries By Shamindra Ferdinando President Ranil Wickremesinhe has found fault with Parliament for the developing financial crisis. He has asserted that one of the major reasons for the crisis was the failure
[…]The post Economic Reforms, Corruption & Reconciliation appeared first on Colombo Telegraph.
World Bank Country Director for Maldives, Nepal and Sri Lanka Faris Hadad-Zervos has commended Sri Lanka s efforts thus far with regards to finding solutions for the island s economic crisis.
The Working Committee of the Samagi Jana Balawegaya (SJB) today (July 18) decided to expel party members Harin Fernando and Manusha Nanayakkara from the party.The post Harin Fernando and Manusha Nanayakkara expelled from Samagi Jana Balawegaya appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
The Tamil National Alliance (TNA) has written to Indian Prime Minister Narendra Modi, urging him to push President Ranil Wickremesinghe to fulfil the commitments made by Sri Lanka to India with regard to devolution of power. In the letter, TNA leader R. Sampanthan says the Tamil People’s safety, security, identity and existence as a Nation […]
Pakistan Prime Minister Shehbaz Sharif had telephoned President Ranil Wickremesinghe yesterday and discussed matters relating to the current economic situation in both countries, the Pakistan High Commission in Colombo said. PM Shehbaz thanked the President for supporting Pakistan with regard to the country’s agreement with the International Monetary Fund (IMF). “You have played the role of ...
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.