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Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider,has reported positive overall revenues of Rs 79.6 Bn, a consolidated growth of 3.9% for the first nine months of 2022 compared to the same period last year, driven largely by prudent and proactive measuresundertaken in financial and operational management, said a press release. It […]
- SLT Group achieves stable revenues for Q1, remaining resilient despite challenges (Category: Breaking News)
- SLT Group annual revenue surpasses Rs. 100 bn amid unprecedented challenges (Category: Breaking News)
- SLT Group annual revenue surpasses Rs. 100 Bn again (Category: Breaking News)
- SLT ups pre-tax profits by 29% to Rs. 4.8 b in nine months (Category: Business)
By Amal Jayasinghe Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an IMF bailout of the bankrupt country, with the country’s airline top of the list for reform.With nearly 6,000 staff, SriLankan Airlines is the biggest and most expensive of the cash-haemorrhaging, sclerotic […]
- Union: UL will be stripped of profitable units to ensure no takers for national carrier (Category: Breaking News)
- Four replacement engines for grounded aircraft by mid-July: Minister (Category: Breaking News)
- The National Airline: A financial catastrophe in the making! (Category: Breaking News)
- UL attempt to recruit foreign pilots flops due to low pay, high taxes – Dayasiri (Category: Breaking News)
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
- Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka (Category: Breaking News)
- Urgent measures needed to halt exodus of skilled personnel (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
Sri Lanka's new government will release the 2023 budget on Monday focused on boosting revenue, implementing tax reforms and fiscal consolidation to secure an IMF bailout package to help the country recover from its worst financial crisis in decades.The post Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track appeared first on Sri Lanka News - Latest Breaking News in Sri Lank...
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s president to cut spending in interim budget (Category: Breaking News)
Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an IMF bailout of the bankrupt country, with the country's airline top of the list for reform.The post Turbulence ahead: Airline on the block in Sri Lanka reforms appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- Sri Lanka’s airline posts US $ 525 million annual loss (Category: Breaking News)
- SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year (Category: Breaking News)
- SriLankan Airlines returns to profit amid privatization efforts (Category: Breaking News)
Unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences, President Ranil Wickremesinghe said addressing the COP27 Climate Change Conference in Sharm El-Sheikh, Egypt.The post Developing countries worst affected by rising emissions from industrialized world and must be compensated – President appeared first on Sri...
- Sri Lanka has initiated an action plan to ensure a Green Economy by 2050 – President (Category: Breaking News)
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- Sri Lanka President issues strong statement after COP27 Conference (Category: Breaking News)
- Sri Lanka President launches International Climate Change University at COP28 (Category: Breaking News)
At least 5.7 million people, or 26 percent of the population in Sri Lanka, require humanitarian assistance, the International Federation of Red Cross and Red Crescent Societies (IFRC) has said in a report.The IFRC Needs Assessment Report for October 2022 warned that without immediate humanitarian assistance, and ‘upstream’ interventions to address the fragility of systems, […]
- UNICEF says 7 million people in Sri Lanka require humanitarian aid (Category: Breaking News)
- Pakistan appeals for more aid as flood death toll rises (Category: Breaking News)
- UN says number of people in Sri Lanka needing urgent humanitarian help doubled (Category: Breaking News)
- At least 5.7 Mn people in Sri Lanka require humanitarian assistance- UN agency (Category: Breaking News)
with severe shortages of essentials including food, fuel and medicines.The […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation dips to 4.6%: Dept. of Census and Statistics (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
At least 5.7 million people (26% of the population) in Sri Lanka require humanitarian assistance at the moment, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) says.The post At least 5.7 Million people in Sri Lanka require humanitarian assistance – UN agency appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- At least 5.7 Mn people in Sri Lanka require humanitarian assistance- UN agency (Category: Breaking News)
- UNFPA appeals for over 10 million dollars to assist Sri Lanka’s vulnerable women (Category: Breaking News)
- UN official to highlight Sri Lanka’s humanitarian needs during upcoming visit (Category: Breaking News)
- Australia to provide 25 mn USD in additional emergency aid to Sri Lanka (Category: Breaking News)
[…]The post Sri Lanka: Strategizing Economic Recovery appeared first on Colombo Telegraph.
- Sri Lanka: No Light Yet At The End Of The Tunnel (Category: Breaking News)
- Sri Lanka: Surviving The 75th Year Of Independence (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Politics Of Protests (Category: Breaking News)
Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.The post Sri Lanka holds debt restructuring talks with bilateral creditors appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s creditor nations to meet despite uncertainty on China (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
At least 5.7 million people, or 26 per cent of the population in Sri Lanka require humanitarian assistance, the International Federation of Red Cross And Red Crescent Societies said in a report. The report warned that without immediate humanitarian assistance, and ‘upstream’ interventions to address the fragility of systems, services and facilities, this number will […]
- India sends 2,000 MT wheat to Afghanistan via Attari-Wagah border (Category: Breaking News)
- Inmates escape during clash at Kandakadu (Category: Breaking News)
- Yohani grateful for love from Maldives and country’s President (Category: Breaking News)
- Baloch women facing persecution in Pakistan, says Baloch leader (Category: Breaking News)
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.The post Hundreds march in crisis-hit Sri Lanka protesting tax hikes, crackdowns appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
- Police fire tear gas at protestors in Maradana (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
- Sri Lanka’s government employees to protest demanding Rs. 20,000 salary hike (Category: Breaking News)
- Police secures court order to block NPP protest planned for today (Category: Breaking News)
JVP questions motive of protest leaders By Shamindra Ferdinando The JVP-led Jathika Jana Balavegaya (JJB) says that those who have pledged their support for a protest march and rally in Colombo today (02) against what they called suppression of ‘Aragalaya’ activists, fully cooperated with the Wickremesinghe-Rajapaksa government’s agenda. Former JVP MP and trade union […]
- JVP plans protest in Colombo tomorrow (Category: Breaking News)
- JVP says it has right to maintain relations with US (Category: Breaking News)
- Private sector trade union to protest demanding compensation for injured FTZ workers (Category: Business)
- JVP demands release of Aragalaya activists detained under PTA, insists there is no evidence agai... (Category: Breaking News)
President Ranil Wickremesinghe says he took over the Titanic after it hit the iceberg and now he is trying to move the ship off the iceberg. He says once the Titanic is moved off the iceberg the country can move forward. The President said that Sri Lanka has declared itself bankrupt and the Government is […]
- Chandrika says she is fed up with politics (Category: Breaking News)
- Galle Face protesters to withdraw today (Category: Breaking News)
- Sajith accuses Speaker of being President’s agent (Category: Breaking News)
- Wijeyadasa alleges journalists can be influenced with a bottle (Category: Breaking News)
Sri Lanka’s worst post-war economic crisis represents a major blow to the country’s progress towards achieving the United Nations’ Sustainable Development Goals (SDGs), efforts that were already hobbled by the COVID pandemic. However, the situation is also providing impetus to the work of academics that are using their knowledge to tackle the immediate fallout from […]
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- Lanka eyes December bailout, IMF says timing hard to predict (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- World Bank approves $150 Mn to strengthen Lanka’s financial sector (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 appeared first on Colombo Telegraph.
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Child’s Guide To Ranilnomics: Buddha’s Prescriptions On Governance (Category: Breaking News)
- Child’s Guide To Ranilnomics: Need Is Going For IMF Plus (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
Thousands of Sri Lankans marched in the capital on Thursday to urge the government to halt its crackdown on protests against an unprecedented economic crisis that has engulfed the Indian Ocean nation for months.The post Sri Lankans march against government crackdown on protests appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch (Category: Breaking News)
- Rights group says Sri Lanka harassed, intimidated protesters (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
- Core Group on Sri Lanka expresses concern over ‘heavy-handed’ responses to protests (Category: Breaking News)
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk
- Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space – IMF (Category: Breaking News)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Recession risk unless oil prices fall further (Category: Business)
- World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession (Category: Breaking News)
By Meera Sirinivasan As Sri Lankans continue braving their worst economic crisis since Independence, urban poverty on the island has tripled in the last year, from 5% to 15 %, according to a recent World Bank report.Sri Lanka is experiencing “its highest poverty rate since 2009 [when the civil war ended], and an erosion of […]
- MONLAR flays international lenders and govt., for making 5.3 mn Lankans food insecure (Category: Breaking News)
- Harsha sheds light on growing poverty crisis (Category: Breaking News)
- Understanding Poverty: A complex, multidimensional challenge (Category: Breaking News)
- Poverty, Aswesuma and food security (Category: Breaking News)
By SHIHAR ANEEZ Leaving his family and relatives was the hardest decision for Suren. But he had no other option.He never wanted to go abroad for work. An accountant by profession, Suren even had the opportunity to be promoted for a higher post at the private firm he was working at in Colombo. But he was […]
- Half of Lankan families reducing children’s food intake as country slips further into hunger cri... (Category: Breaking News)
- Sri Lankans migrate, work over time, eat less to beat inflation (Category: Breaking News)
- Above 18 voters should open tax files – State Minister (Category: Breaking News)
- National committee to set up to fight campus ragging (Category: Breaking News)
by Rajan Philips The Petroleum Products (Special Provisions) (Amendment) Bill had a quiet passage in parliament with a majority of 60 votes, 77 for and 17 against. What is disquieting is that only 94 of the 224 MPs (excluding the Speaker) were in parliament for the vote on a Bill on petroleum products, the mismanagement […]
- A Tale Of Two Addendums & Ekwa Negitimu Miscarriage (Category: Breaking News)
- CPC unions all out to scuttle restructuring bid (Category: Breaking News)
- PUCSL calls for regulation in lubricant industry to halt greasy activity (Category: Business)
- CEB restructuring proposals to be finalised in two weeks (Category: Breaking News)
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.
- CCPI based inflation drops to 66% in October (Category: Breaking News)
- Sri Lanka’s inflation slows down to 70.6% in October 2022 (Category: Breaking News)
- Sri Lanka’s Inflation may turn a corner this month as prices appear to have peaked (Category: Breaking News)
- Sri Lanka’s national consumer price inflation eases to 65% in November (Category: Breaking News)
Global Tamil Forum skirts the issue By Shamindra Ferdinando The Global Tamil Forum (GTF) wouldn’t get involved in the ongoing controversy over the UK decision to move Sri Lankans, seeking to settle in the UK, to what the government called ‘a safe third country,’ unless they returned to Sri Lanka ‘voluntarily’. About 120 Sri Lankans […]
- Lanka warns Australia on Tigers (Category: Breaking News)
- Sri Lanka says Australia may become a "breeding ground" for Eelam rebels (Category: Breaking News)
- Sri Lanka to carry out tourism promotion activities in nine markets (Category: Breaking News)
- Lanka to focus on nine key tourism markets (Category: Breaking News)
The University of Sri Jayewardenepura has become the first university in South Asia to report its greenhouse gas emissions in accordance with the ISO 14064-1:2018 standard. The official Awarding Ceremony of the ISO 14064-1:2018 certificate took place on Thursday at the Senate Boardroom of the University. The Jayewardenepura University has in a media statement said […]
- Textured Jersey begins work on ISO 14064 (Category: Breaking News)
- Textured Jersey begins work on ISO 14064 emission standard (Category: Business)
- SRI LANKA’S FIRST ISO 14065 CERTIFICATION AWARDED TO LEADING UPCYCLING BRAND HOUSE OF LONALI (Category: Breaking News)
- NCCSL becomes country’s first Green Chamber (Category: Business)
Sri Lanka’s 70% inflation is hitting its peak as crippling shortages ease and bailout funds look within reach, yet it’s far from putting the central bank governor at ease.The post Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
Sri Lankan lawmakers began debating a proposed constitutional amendment on Thursday that would trim the powers of the president, a key demand of protesters who are seeking political reforms and solutions to the country’s dire economic crisis.The post Sri Lankan lawmakers debate bill to trim presidential powers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka introduces reform bill to clip presidential powers (Category: Breaking News)
- Sri Lanka President declares open Third session of Ninth Parliament (Category: Breaking News)
- Sri Lanka bill to trim president’s powers likely to become law within weeks – Minister (Category: Breaking News)
- Sri Lanka President prorogues Parliament (Category: Breaking News)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
[…]The post Continuing Corruption: Begging IMF: Increasing Taxes appeared first on Colombo Telegraph.
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- Corruption & Lack Of Common-Sense; Presidential Brutalities (Category: Breaking News)
- Government-Sponsored Terrorism In Sri Lanka (Category: Breaking News)
- Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue (Category: Breaking News)
Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.
- Lankans migrate, work over time, and eat less to beat inflation (Category: Breaking News)
- Half of Lankan families reducing children’s food intake as country slips further into hunger cri... (Category: Breaking News)
- Female applicants for the vacant executioner position in Sri Lanka (Category: Breaking News)
- "Operation Colombo" plan of Rajapaksa has political and economic components (Category: Breaking News)
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