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Video: Water Crisis: Sri Lankan farming community in dire straits
Sustaining its industry leadership position for the 18th year in a row, Unilever Sri Lanka has been recognized as the Most Respected FMCG company in LMD’s Most Respected Entities 2023 ranking along with being named the Sector Winner in both the ‘Consumer Products’ and ‘Multinational’ categories. Unilever Sri Lanka scored high in LMD’s Top 12 […]
[…]The post IMF Economics & 13A Politics: Recipe For Unrest appeared first on Colombo Telegraph.
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
by Rajan Philips PAKISTAN’S twisted political saga continues without the slightest deviation from a tired and predictable script. PTI chairman Imran Khan has been found guilty of “corrupt practices”, disqualified from representing the people of Pakistan, fined Rs100,000, and sentenced to three years in jail for good measure. Dawn (Pakistan Daily), August 6 Editorial The […]
Condemning all political decisions made by President Ranil Wickremesinghe with regard to the 13th Amendment to the Constitution, Senior Deputy Chairman of the Sri Lanka Freedom Party (SLFP) Prof. Rohana Lakshman Piyadasa warned that Sri Lanka is heading towards a democratic crisis.
[…]The post Ranil & His Options: Keep Running Or End The Executive Presidency appeared first on Colombo Telegraph.
By Shamindra Ferdinando Rebel SLPP MP Prof. Channa Jayasumana yesterday (11) said that former President Gotabaya Rajapaksa should make his position clear on his successor Ranil Wickremesinghe’s move to fully implement the 13th Amendment to the Constitution. Reiterating his strong opposition to President Wickremesinghe’s controversial plan, the Anuradhapura District MP stressed that Gotabaya Rajapa...
solutions to the ongoing debt crisis in Sri Lanka that respond […]
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
The Sri Lankan High Commissioner Milinda Moragoda said on Thursday that India has supported cash-strapped Sri Lanka last year when the island nation was hit by an unprecedented economic crisis, the worst since its independence from Britain in 1948.
President Ranil Wickremesinghe emphasized the importance of capital, particularly financial and human, for driving growth.The post President emphasizes the importance of investing in capital and human resources for Sri Lanka’s economic advancement appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Friday 11th August, 2023 Signs are that the dark forces which hijacked Aragalaya in a bid to compass their sinister ends and almost succeeded in capturing Parliament, last year, are working overtime to make a comeback. Regrettably, the government is helping advance their anarchical agenda, albeit unwittingly, by refusing to heed public opinion and address […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Axacerbation? – Part II appeared first on Colombo Telegraph.
Video: Newsline | Lakmal Fernando |History repeating itself. Sri Lanka’s electricity crisis
More than $1 billion debt owed to India by Sri Lanka will undergo restructuring as part of the International Monetary Fund-led debt restructuring programme for the crisis hit South Asian country, Indian media reported on Thursday.
Hailing the role of New Delhi in Sri Lanka s debt restructuring, Japanese Ambassador to India Hiroshi Suzuki said that India s issuance of financing assurances to the island nation at the time of its economic crisis was instrumental in accelerating the process of its debt restructuring.
The dry spell that is being experienced in Sri Lanka now is a seasonal phenomenon and nobody should attempt to take political mileage out of it, State Minister of Defence Premitha Bandara Tennakoon said.The post Don’t politicize changes in natural environment and weather including drought – State Minister of Defence appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Sto...
The Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks by 200 basis points to 2%, effective Aug. 16, it said on Wednesday.The post Sri Lanka Central Bank cuts statutory reserve ratio by 200 bps appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Yahapalana Speaker Karu Jayasuriya’s plea for Indian funding to develop Elapathagama in the memory of the late Maduluwawe Sobitha Thera remains a mystery. In terms of an agreement signed on 14 July, 2017, India provided Sri Lankan Rs 300 mn to develop Elapathagama in the Anuradhapura district. The late Sobitha Thera, a controversial character, spearheaded […]
Leader of Eksath Janaraja Peramuna and SJB MP Patali Champika Ranawaka has said that according to a report submitted to Parliament by the Finance Ministry, the National Water Supply and Drainage Board (NWSDB) had been earning profits during the past six months. Therefore, the recent tariff increases couldn’t be justified, the former Minister said, warning […]
Indian cricket legend Sachin Tendulkar on Monday visited two schools in Sri Lanka and interacted with students in his role as UNICEF’s Goodwill Ambassador.The post Sachin Tendulkar visits Sri Lankan schools as UNICEF’s Regional Goodwill Ambassador appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday.The post Sri Lanka central bank chief: monetary policy transmission still incomplete appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
SJB MP Eran Wickramaratne says the importation of inferior medicine by way of emergency procurement and non-functioning medical, surgical and other test equipment in hospitals have ruined the public health sector. Addressing the Media at the Office of the Leader of Opposition on Sunday (6Aug2023), Wickramaratne said that this pathetic situation in the health sector […]
Tuesday 8th August, 2023 Former Chairman of the Election Commission (EC) Mahinda Deshapriya, who serves as the Head of the National Committee on Delimitation of the Divisions of Local Government (LG) Bodies, seems to be full of optimism. He is reported to have said he expects either the local government polls or the Provincial Council […]
By N Sathiya Moorthy If someone thought that President Ranil Wickremesinghe was funny about it, he was not. If anything, it sounded more Quixotic than possibly predecessor Gotabaya Rajapaksa’s misadventure with ‘organic farming’. According to reports, at an official meeting the other day, Wickremesinghe asked Health Ministry officials to devise a strategy to seek compensation […]
Indian cricket legend Sachin Tendulkar on Monday visited two schools in Sri Lanka and interacted with students in his role as UNICEF’s Goodwill Ambassador. Tendulkar was appointed UNICEF Ambassador for South Asia in 2013 to advocate good hygiene and sanitation across the region. He toured the southwestern Sabaragamuwa province’s Kegalle district on Monday, visiting selected […]
A 29-year-old Sri Lankan woman, who was staying at the Mandapam Rehabilitation Centre since April 2022, has been reported missing since July 27. Mandapam police on Sunday said a woman missing case had been registered following a complaint from Pradeep, 32, husband of the missing woman, Kasturi, 29. Preliminary inquiry revealed that Kasturi, who was […]
By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential
Monday 7th August, 2023 Minister of Education Susil Premajayantha has said the government will take action to fill the vacancies created by the unprecedented migration of university dons. Circumstances may have left it with no alternative but to do so in a bid to mitigate the ever-worsening crisis