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Workers who appeared for the test will also be given the opportunity to appear in another field next year.
"We are seeing the pressure on the rupee easing as a result of exports growing and imports contracting."
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
ByShamindra Ferdinando Sri Lanka hadn’t been able yet to convince Russia to resume Aeroflot flights and tourists from there to Sri Lanka suspended in the wake of the detention of SU 289 at the Bandaranaike International Airport (BIA) on the afternoon of June 02, authoritative sources said. Sri Lanka grappling with an unprecedented foreign exchange […]
The loss per share for the quarter was 4.53 rupees.
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...
[…]The post Looking At The Problem Of The Point Of View Of The State appeared first on Colombo Telegraph.
After much thought and careful consideration of the emerging geo-political scenario in the Indian Ocean region, Sri Lanka has asked China to defer the arrival of the Yuan Wang 5 research and survey vessel to the Hambantota port. Initially, the Yuan Wang 5 received permission to dock at the southern Hambantota Port through a Foreign […]
90 percent of fuel distribution in Sri Lanka is done by the state-run Ceylon Petroleum Corporation.
[…]The post Protest Movement Can Rebound Unless Government Legitimacy Is Restored appeared first on Colombo Telegraph.
by Jehan Perera The government appears to have secured political stability in the short term. So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept. It is a necessary element for international support to come in. One of the IMF’s conditions […]
[…]The post Leaping Without Looking From Gota’s Vistas To Ranil’s Vistas appeared first on Colombo Telegraph.
The above statement was made by Manusha Nanayakkara our Labour & Foreign Employment Minister. How the Minister is going to do it is not known.I wish to make a few suggestions to the Minister for his consideration to implement his proposal. Tourists, migrant workers and the dual citizens were the people whom the Minister referred […]
[…]The post A Lament Of The Tragedy Of Our Times appeared first on Colombo Telegraph.
Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]
The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing an unprecedented economic meltdown with inflation in July hitting a record 60.8% and the country still facing […]
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
[…]The post Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya appeared first on Colombo Telegraph.
"We also have to limit selected imports in order to balance the payments for fuel."
Calls for unity in a country torn apart by nationalism and monetary instability
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely
by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
by Sanath Nanayakkare As the 3rd and 4th quarters of the Year 2022 are also likely to gravitate towards a tough time, the Bank of Ceylon needs to continue to focus on efficient handling of its resources and finances, BOC Chairman Kanchana Ratwatte said yesterday. He made these remarks when the Bank marked its 83rd […]
[…]The post Ranil’s Biggest Woe: What To Do When Fiscal & Monetary Policies Have Failed & Are Still Falling? appeared first on Colombo Telegraph.
in the banking system. Such shortage of […]
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves
No queue travail for the lucky few By Ifham Nizam While many other state-sector professionals including medical specialists and other health workers are spending days and nights in fuel queues, engineers of the Ceylon Electricity Board are not feeling the pinch thanks to the government giving priority to supplying fuel for power generation, a senior […]