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Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
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 – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
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 […]
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 […]
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 first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
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.
[…]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, stating that 28 percent of the population faces […]
Australian Government-funded Skills for Inclusive Growth Program (S4IG), managed by Palladium International Group entered into an MoU with Cinnamon Hotel Management Ltd (CHML) to achieve several strategic results in Colombo recently. S4IG is a programme by the Department of Foreign Affairs and Trade (DFAT) in accordance with the terms of a subsidiary agreement signed on […]
[…]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.
Sri Lanka’s gross official reserves were estimated at US dollars 1.7 billion as of end October 2022, including the swap facility from the People’s Bank of China, equivalent to around US dollars 1.4 billion, which has certain conditionalities on usability, the Central Bank of Sri Lanka said today. The Central Bank said that the merchandise […]
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, focus on IMF bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA Ne...
[…]The post National Council’s Economic Stabilisation Report Is A Welcome Sign appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe stated that the measures to strengthen the economy under a five-year plan are envisaged in the budget proposal for 2023 which has the potential to bring about a transformative economic change within the period between 2023 and 2027.The post Initial steps
[…]The post Budget 2023 Will Be The Acid Test Of RW’s Magic Wand appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 appeared first on Colombo Telegraph.
Sri Lanka's National Consumer Price Index (NCPI) rose to a new high of 73.7% in September from a year earlier, quickening from 70.2% in August, the statistics department said.The post Sri Lanka consumer inflation hits record 73.7% in September appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
[…]The post Need To Address Root Causes To Get Out Of Geneva Spotlight appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe noted that the country needs a national policy that does not change with every government that comes to power and invited everyone to commit to building the country on one national policy without party differences.The post Sri Lanka needs a National Policy – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Need Is Going For IMF Plus appeared first on Colombo Telegraph.
A meeting was held with the minister and other stakeholders on September 06
Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.The post Sri Lanka inflation rate surges to 70.2% in August appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post How We Came To This Pass – On The “Non-Rule Of Law System” appeared first on Colombo Telegraph.