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Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand –
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
[…]The post President RW’s Priority In 2023 appeared first on Colombo Telegraph.
by Eng. Parakrama Jayasinghe This is the question in everybody’s mind these days. Anything up to 10 hours of blackouts have been predicted by the Ceylon Electricity Board (CEB) trade unions. But Minister of Power and Energy, Kanchana Wijesekera, has been quick to contest this prediction while being careful not to say that there will […]
By Uditha Devapriya A recent World Food Programme report underlines the magnitude of the food crisis in Sri Lanka. The report shows that 36% of the country’s households are effectively food insecure, while 76% are engaging in “food-coping strategies.” 35% of the country’s households
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
Only those who could survive this crisis are the ones who could make earnings in foreign currency, Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe recently said.The post Businesses with dollar income sources will only survive this crisis – Central Bank Governor appeared
President Ranil Wickremesinghe stressed that everyone should unite to fulfil their moral responsibility for the country, sidelining the traditional political system of trying to grab power at the next election by palming off all the responsibilities on the government.The post Step out of traditional politics and fulfil moral responsibility – President appeared first on Sri Lanka News - Lates...
[…]The post The Retold South Korea Success Story: How Should Sri Lanka Emulate It? appeared first on Colombo Telegraph.
Pakistan’s former Prime Minister Imran Khan has decided not to stage mass protests like Sri Lanka to overthrow the Government. Thousands took to the streets and staged protests, some turning violent, forcing then President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa to step down. Khan has been hinting of similar protests in Pakistan to overthrow […]
The local media industry has been hit hard by the prevailing economic crisis as money spent on advertising decreased by around 70 percent while production costs were on an incessant rise, journalists and media organization representatives informed the National Council Sub Committee on Economic
Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades.The post Sri Lanka’s economy shrinks 11.8
Global lenders including the World Bank, the Asian Development Bank and the IMF are planning coordinated assistance to help Sri Lanka recover from its economic crisis, the government said on Tuesday.The post Global lenders eye coordinated assistance for Sri Lanka – Government appeared
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal
To address the looming shortage of grains for the animal feed industry and maize based food items due to the ongoing socio-economic crisis in Sri Lanka, as a part of the response efforts through the United Nations (UN) joint Humanitarian Needs and Priorities (HNP) Plan, the Royal Thai Embassy
[…]The post Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap appeared first on Colombo Telegraph.
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka’s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country’s worst-ever economic crisis.The post Human Rights Watch urges major creditors to help restructure Sri Lanka’s debts appeared first on Sri Lanka News - Lat...
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
To address the looming shortage of grains for the animal feed industry and maize based food items due to the ongoing socio-economic crisis in Sri Lanka, as a part of the response efforts through the United Nations (UN) joint Humanitarian Needs and Priorities (HNP) Plan...
Sri Lanka's central bank is expected to keep rates steady as inflation shows signs of easing and as authorities focus on discussions to secure a $2.9 billion International Monetary Fund (IMF) bailout to stabilise its crisis-hit economy.The post Sri Lanka to hold rates as inflation slows slightly
[…]The post National Council’s Economic Stabilisation Report Is A Welcome Sign appeared first on Colombo Telegraph.
[…]The post Budget 2023 Will Be The Acid Test Of RW’s Magic Wand appeared first on Colombo Telegraph.
Monday 7th November, 2022 Teachers’ trade unions and the government have locked horns over a non-issue. The former has urged the latter to respect female teachers’ right to choose what to wear during school hours. The government has refused to consider their demand, and the male trade union leaders have seen red. Interestingly, lady teachers […]
By Ifham Nizam The Centre for Environmental Justice (CEJ) Director and Senior Advisor Hemantha Withanage has brought to the attention of the Asian Development Bank (ADB) President Masatsugu Asakawa destruction that elephants are wreaking due to the Moragahakanda and Upper Elahera projects built with ADB funds. “We would like to bring to your attention the […]
The United Nations Development Programme (UNDP) has appealed for assistance to help rebuild Sri Lanka. The UNDP said that through the Rebuild Sri Lanka platform, the public can contribute $5, $15 or more to support the healthcare and food sectors. The contributions will be used to aid the current shortage in essential and non-essential medical […]
By Dr. Ajith Kumara Consultant Physician President, All Ceylon Medical Officers Association Prof. Senaka Bibile is the greatest medical benefactor of humanity that Sri Lanka has hitherto produced. As a student, he was an all-rounder; he excelled in in academic and extracurricular activities including sports and art. He completed his First, Second and Final M.B. […]
to deserving Sri Lankans who are affected by the present economic crisis as […]
Video: Medicine Shortage: Sri Lanka's Level 1 Trauma Care Centre in crisis