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[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- System Change Happening In Wrong Direction (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
India’s Minister of External Affairs Dr. S. Jaishankar has urged all Indians to visit Sri Lanka, emphasising the strong ties between the two nations.The post ‘The next time you want to take a holiday, go to Sri Lanka’ – Jaishankar to Indians appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Indian External Affairs Minister Dr. S. Jaishankar to Visit Sri Lanka on June 20, 2024 (Category: Breaking News)
- India has done its best to assist Sri Lanka – Jaishankar (Category: Breaking News)
- India remains committed to assist Sri Lanka in its economic recovery – Jaishankar tells Sabry (Category: Breaking News)
- JVP Leader Anura Kumara meets India’s Foreign Minister S.Jaishankar in Delhi (Category: Breaking News)
President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF. Emphasizing the importance of unity in leading the country to success, he reiterated that withdrawing from the agreement […]
- President invites party leaders for ‘collective dialogue’ with IMF (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Sri Lanka likely to go ahead with new income tax regime, but president “ready to discuss” (Category: Breaking News)
Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 50.6% in February (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
by Dr Amali Wedagedara In Sri Lanka, public policy lost in the neoliberal haze treats the market as a cure for all ills. Not only is the market omnipresent, but it is also omniscient and omnipotent. The charm of the ‘market’ that research and advocacy lobbyists are creating is so alluring that only a few […]
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Taming the ‘monsters’ (Category: Business)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Sri Lanka’s crisis seen as highlighting lessons from Greece (Category: Breaking News)
By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]
- Lanka needs a national liberation movement, not mere regime change:Anura Kumara Dissanayake (Category: Breaking News)
- R. Sampanthan: ‘We cannot go on like this’ (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- Minister warns of emerging racism ahead of elections (Category: Breaking News)
[…]The post Israel Versus Palestinians: Thank God For South Africa’s Boldness appeared first on Colombo Telegraph.
- ICJ Ruling On Israeli Genocide In Gaza; Stopped Short Of Ordering A Ceasefire (Category: Breaking News)
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
- Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinian... (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
[…]The post Is VAT, A Payment For Past Sins Or A Bitter Pill To Swallow? appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Why is Singapore dollar strong and SL rupee weak? (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
Sri Lanka’s inflation rose to 4.0 percent in December, the third consecutive monthly rise as the cash-strapped nation was set to increase taxes from the New Year.The benchmark Colombo Consumer Price Index jumped by 1.7 points to reach 195.1, or a 4.0 percent increase compared to a year ago when inflation was 57.2 percent. The […]
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
[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 […]
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CB eases monetary conditions by reducing its interest rates (Category: Breaking News)
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
- What is Jathika Chinthanaya? (Category: Breaking News)
- AKD: JVP-led NPP will not undermine India’s national security (Category: Breaking News)
- AKD & The JVP-NPP Should Tick All The Boxes To Win, Not Risk A Third Defeat (Category: Breaking News)
- Feminist Revolt & Masculinity Pitfalls In The Bolshevik Camp: Sri Lanka’s Election Prelude (Category: Breaking News)
How come royalty on foreign players replaced with additional Rs 50 charge on a litre of fuel? by Shamindra Ferdinando Convenor of the Samagi Joint Trade Union Alliance Ananda Palitha yesterday (12) said that the Wickremesinghe-Rajapaksa government was planning to impose VAT on fuel already subjected to several taxes amounting to Rs 75, an extremely […]
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- Fuel prices reduced from midnight yesterday (Category: Breaking News)
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
What has been widely described as the “historic” Supreme Court judgment which by a majority 4-1 decision of a five-judge bench held the Rajapaksa brothers, Mahinda, Gotabaya and Basil and other unelected officials including two past Governors of the Central Bank, a former Secretary to the President, a former Treasury Secretary and some members of […]
- SLPP convention on Dec. 15 (Category: Breaking News)
- Two ex-Presidents say people will find it impossible to live under new VAT regime (Category: Breaking News)
- Mahinda pledges support for President Ranil (Category: Breaking News)
- No expectation of returning to power, says Mahinda Rajapaksa (Category: Breaking News)
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
- IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds
- SJB blames Rajapaksas for impending financial burden on public, calls for Government change (Category: Breaking News)
- Economy, debates and hard facts (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
RM Parks Inc, a leading petroleum products distributor in the United States signed an agreement with the Board of Investment (BOI) for U$ 110 million to bring Shell products to Sri Lanka.The post RM Parks signs $110 million petroleum agreement with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka signs agreement with RM Parks Inc to ensure uninterrupted fuel supply (Category: Breaking News)
- US energy company and Sri Lanka sign fuel distribution deal (Category: Breaking News)
- US-based RM Parks signs $110mn agreement with Sri Lanka (Category: Breaking News)
- Sri Lanka signs deal with RM Parks and Shell to enter fuel market (Category: Breaking News)
Budget 2024 is like a fairy tale rather than a pragmatic solution to pressing economic issues, SLPP MP Dr. Nalaka Godahewa has said. Taking part in the current budget debate, former State Minister said: “Two paramount challenges loom large—the persistent economic contraction and the escalating national debt. A practical budget should provide answers to these […]
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
- A high-wire act (Category: Breaking News)
- Godahewa says President by his erratic behavior has become misfit to run country (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations - report (Category: Breaking News)
[…]The post Still, The Mirage appeared first on Colombo Telegraph.
- Pyromaniacs On The March (Category: Breaking News)
- The Smell Of Terror (Category: Breaking News)
- Shades Of An Undead Past (Category: Breaking News)
- Conspiracy There Was, In Enthroning Gota; Not In Dethroning Him! (Category: Breaking News)
Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors a key sticking point with countries like India paving the way for more loans from the International Monetary Fund.The post Sri Lanka gives China deal details, keeping IMF aid on track appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka to officially present IMF deal, debt restructuring plans to creditors tomorrow (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
[…]The post Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt appeared first on Colombo Telegraph.
- Modi’s Wolf Worrier Diplomacy Opens A Window For China In South Asia (Category: Breaking News)
- Rise Of Ultranationalism & Elections, Tamil Nationalism & Resurrection Of LTTE Ideology In Sri L... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
Sri Lanka is likely to raise taxes and curb spending in its annual budget to meet the International Monetary Fund’s conditions and maintain a $3 billion bailout, but elections next year might see the government delay some reforms.The post Sri Lanka to use budget to meet some IMF pledges as polls near appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- IMF expects Sri Lanka to finalize deals with creditors soon (Category: Breaking News)
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth for the crisis-hit economy while keeping an eye on elections.The post Sri Lanka balances polls and crisis recovery
- Sri Lanka’s 2024 budget sets ambitious revenue, deficit targets (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka to receive about $600 million ADB funding post-IMF approval – official (Category: Breaking News)
- Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track (Category: Breaking News)
[…]The post Probing Polemic To Rip The Racist Rhetoric appeared first on Colombo Telegraph.
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
- Genocide Of Palestinian Began Since 1948 (Category: Breaking News)
- Merely Focussing On Hamas Attacks – Missing The Wood For The Trees! (Category: Breaking News)
- ICJ Ruling On Israeli Genocide In Gaza; Stopped Short Of Ordering A Ceasefire (Category: Breaking News)
[…]The post SOE 2023: IPS Offers Some Inputs To Proposed Growth Lab appeared first on Colombo Telegraph.
- Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 (Category: Breaking News)
- Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Fail... (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
Friday 3rd November, 2023 The latest VAT hike has come as a double whammy for the public, who are reeling from extremely high taxes and tariffs, not to mention the soaring cost of living. The SLPP politicians seem to be deriving some perverse pleasure from the predicament of the people, who rose against them and […]
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- CBSL issues special notice to public on get rich quick schemes (Category: Breaking News)
- Smokers, drinkers hit by index linked taxes (Category: Breaking News)
- President hints at wealth tax (Category: Breaking News)
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
- Dhananath Fernando – determined to do much for Sri Lanka (Category: Breaking News)
- RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis (Category: Breaking News)
- PAYE Tax; Will There Be A Mass Exodus? (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President Wickremesinghe places his trust on Xi Jinping (Category: Breaking News)
- China says willing to help Sri Lanka without political conditions (Category: Breaking News)
- Chinese Wings (Category: Business)
- Sri Lanka asks China for help with trade, investment and tourism (Category: Breaking News)
Israel was warned by Egypt of potential violence three days before Hamas’ deadly cross-border raid, a US congressional panel chairman has said. House of Representatives Foreign Affairs Committee head Michael McCaul told reporters of the alleged warning. Israeli PM Benjamin Netanyahu described the reports as “absolutely false”. Israeli intelligence services are under scrutiny for ...
- EU says starvation in Gaza being used as a weapon (Category: Breaking News)
- Hezbollah steps back from all-out war on Israel over Gaza – for now (Category: Breaking News)
- Israel says it has arrested hundreds of Hamas and Islamic Jihad members (Category: Breaking News)
- Israel carries out intense air strikes on Khan Younis in southern Gaza (Category: Breaking News)
Israel was warned by Egypt of potential violence three days before Hamas’ deadly cross-border raid, a US congressional panel chairman has said. House of Representatives Foreign Affairs Committee head Michael McCaul told reporters of the alleged warning. Israeli PM Benjamin Netanyahu described the reports as “absolutely false”. Israeli intelligence services are under scrutiny for ...
- Hamas says no more hostage releases until war ends (Category: Breaking News)
- EU says starvation in Gaza being used as a weapon (Category: Breaking News)
- Israel faces ‘long, difficult war’ after Hamas attack – Prime Minister Benjamin Netanyahu (Category: Breaking News)
- PM says Israel at war after 100 killed in attack from Gaza (Category: Breaking News)
President Ranil Wickremesinghe yesterday issued orders to police to provide necessary security measures for Israelis in Sri Lanka The President issued the directive during his briefing to the Cabinet of Ministers, the President’s Media Division (PMD) said. PMD said: In a briefing to the Cabinet, President Ranil Wickremesinghe expressed deep concern over the recent attacks […]
- President Ranil instructs to ensure safety of Sri Lankans in Israel (Category: Breaking News)
- Govt. committed to building a digitized modern Sri Lanka - President (Category: Breaking News)
- President says Sri Lanka needs to excel in healthcare to attract medical tourists (Category: Breaking News)
- President meets Sri Lankan Diaspora in Australia, outlines plans for economic modernization (Category: Breaking News)
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