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Sri Lanka Government's revenue in the first eight months saw a robust 43.5 percent increase.The post Sri Lanka Government revenue surges by 43.5%, yet expanding budget deficit spurs VAT hike appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka tax revenues up 27-pct with galloping inflation, one off levy (Category: Breaking News)
- Sri Lanka’s Tax revenue surpasses Rs. 3 trillion (Category: Breaking News)
- Sri Lanka to increase VAT to 12 percent, telecom levy to 15 percent (Category: Breaking News)
- Controversial Social Security Contribution levy comes into effect (Category: Breaking News)
[…]The post Target 2048 Requires Sri Lanka To Develop A Viable Creative Capital Base appeared first on Colombo Telegraph.
- Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality (Category: Breaking News)
- Target 2048 – Go For Creative Capital And Not For Mere Human Capital (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
Macksons Tiles Lanka (Macktiles), Sri Lanka’s largest tile manufacturer, is positive about the Sri Lankan economy and believes this is the time to uplift local industries. “We always believed that there is victory in adversity and this is the time we must show our commitment by doing
- Global Fashion Infrastructure Platform PDS eyes further expansion in Sri Lanka’s Apparel Industry (Category: Breaking News)
- Macktiles Lanka opens 33rd showroom in Pitakotte (Category: Breaking News)
- Bairaha lights up Children’s Day 2023 with festivity and kindness (Category: Breaking News)
- Pintanna Plantations Unveils the First-Ever Wallapatta Museum (Category: Breaking News)
By Uditha Devapriya Conversations lay down the foundation for consensus, they provoke discussion and enable debate. One Text Initiative’s (OTI) session on strengthening parliamentary fiscal sovereignty through the Committee System, held last Thursday, October 16, at Water’s Edge, opened such a debate and discussion. While it’s still hard to think of consensus over matters like […]
- Corruption: (Category: Breaking News)
- Destabilisation project: ACBC inquiry underway (Category: Breaking News)
- Thico ‘investments’, money laundering and related matters (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
[…]The post Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Realities appeared first on Colombo Telegraph.
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
Sri Lanka expects to receive the second installment of the loan provided under the Extended Fund Facility (EFF) of the International Monetary Fund (IMF) in December, 2023.The post Sri Lanka expects second tranche of IMF loan in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- Exclusive: Sri Lanka expects up to $8 billion more in loans, asset restructuring (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
[…]The post Restoring The Dignity Of Sri Lankan Cricketers appeared first on Colombo Telegraph.
- Cricketing Woes: A Needed Return To Glory From Doldrums (Category: Breaking News)
- Glory Days Predicted For SLC (Category: Breaking News)
- Arjuna calls for selectors to be sacked (Category: Breaking News)
- Sri Lankan Cricket – An Observer Perspective (Category: Breaking News)
By Shamindra Ferdinando One-rime Secretary of the Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption and Abuse of Power, State Resources and Privileges (PRECIFAC) Lacille de Silva yesterday (17) said that leaders of political parties represented in Parliament should set up a committee to study the landmark Supreme Court […]
- Is Speaker’s announcement consistent with SC determination? (Category: Breaking News)
- 22 A: Amendments accepted at ‘committee stage’ should be subjected to SC approval (Category: Breaking News)
- SC makes interim order to provide funds for local elections (Category: Breaking News)
- Opposition asks EC to comply with SC directive (Category: Breaking News)
Sri Lankan government had shared the details and the conditions of the 4.2 billion dollar debt deal with China with other creditors, Governor of the Central Bank Dr. Nandalal Weerasinghe told Bloomberg.Governor Weerasinghe expressed optimism about restructuring Sri Lanka’s debt through the official creditors committee, aiming to secure IMF support for a 330 million dollar […]
- Debt restructuring strategy out in April (Category: Breaking News)
- Sri Lanka expecting financial assurances from bilateral creditors after Friday (Category: Breaking News)
- No more second chances to stabilize country s economy- CBSL governor (Category: Breaking News)
- U.S. says fairness in Sri Lanka s debt restructuring process imperative (Category: Breaking News)
-fated decisions taken by the then government ruined the economy. Former SJB […]
- Harrison switches allegiance to President (Category: Breaking News)
- Milk powder prices to be reduced after CoPF attack on Trade and Finance ministries (Category: Breaking News)
- SLPP MPs go berserk as Sajith flays Rajapaksas for ruining economy (Category: Breaking News)
- Harsha appointed COPF head at last (Category: Breaking News)
[…]The post A Budget In Crisis appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Celebrating Independence Or Inaugurating Dependence? (Category: Breaking News)
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
- Aragalaya’s Unfinished Business (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)
By Saman Indrajith TNA Jaffna District MP M.A. Sumanthiran told Parliament on Wednesday that Rajapaksa brothers had enough money to compensate 22 million people in the country. Participating in the second reading debate on Budget 2023, MP Sumanthiran said that his party welcomed the Supreme Court determination that ex-President Gotabaya Rajapaksa, along with former Finance […]
- Sumanthiran launches blistering attack on Supreme Court (Category: Breaking News)
- Sumanthiran raises serious concerns over amendment to Poisons, Opium and Dangerous Drugs Ordinance (Category: Breaking News)
- Budget 24: Economy Collapsed Because Public Money Has Been Stolen By MR & His Brothers (Category: Breaking News)
- Opposition slams govt. for move to undermine judiciary (Category: Breaking News)
[…]The post Budget 24: Economy Collapsed Because Public Money Has Been Stolen By MR & His Brothers appeared first on Colombo Telegraph.
- Sumanthiran: Rajapaksas have enough money to compensate 22 million Sri Lankans (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- Law In Crisis: Government Is Still Controlled By Kaputu Kāk Kā (Category: Breaking News)
A Boeing 747 cargo jet has been forced to turn around, after a horse escaped from its stall and caused chaos as the plane cruised at 30,000ft (9,144m). The plane was headed to Belgium from New York but did a U-turn roughly 90 minutes after its departure when the animal got loose. Air traffic control […]
- Kenya mid-air collision kills student pilot and trainer (Category: Breaking News)
- Airlines warn of UK flight delays over air traffic control fault (Category: Breaking News)
- Boeing whistleblower found dead in US (Category: Breaking News)
- US grounds entire Osprey fleet after fatal crash in Japan (Category: Breaking News)
Thursday 16th November, 2023 Shortages that Sri Lanka is struggling to cope with are far too numerous to enumerate, but there is no dearth of self-proclaimed saviours. A recent brawl involving three MPs near the parliamentary chamber prompted the party leaders to have a committee appointed to investigate the incident. They said such action had […]
- Parliament tells SLC bigwigs to go home (Category: Breaking News)
- When heroes shiver (Category: Breaking News)
- Cheers for Maxwell and Roshan (Category: Breaking News)
- Outsiders occupying MPs’ Madiwala quarters; Speaker orders probe (Category: Breaking News)
Sri Lanka's State Minister of Finance, Shehan Semasinghe says the anticipated economic growth for the year 2024 is projected at 1.8%.The post Sri Lanka expects 1.8% Economic growth in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka begins crucial debt restructuring talks with China (Category: Breaking News)
- Cabinet nod to provide rice to 2 million low-income families (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
Sri Lanka’s Supreme Court today (November 14) ruled that former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa and former Finance Minister Basil Rajapaksa and several others are responsible for the economic crisis in Sri Lanka due to mismanaging the economy between 2019
- Gotabaya, Mahinda, Basil others responsible for economic crisis - SC rules (Category: Breaking News)
- Supreme Court extends travel ban on Mahinda Rajapaksa and Basil Rajapaksa (Category: Breaking News)
- Supreme Court finds Rajapaksa brothers guilty over economic crisis (Category: Breaking News)
- Supreme Court grants leave to proceed with two petitions filed over economic crisis (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)
[…]The post Prioritising National Interest In Navigating Geopolitical Waters appeared first on Colombo Telegraph.
- The Potentiality Of More Decisions To Come In National Interest (Category: Breaking News)
- The Potentiality Of More Decisions To Come In National Interest (Category: Breaking News)
- The Potentiality Of More Decisions To Come In National Interest (Category: Breaking News)
- The Potentiality Of More Decisions To Come In National Interest (Category: Breaking News)
[…]The post Reflecting On 34 Years: The JVP & The Legacy Of Comrade Rohana Wijeweera appeared first on Colombo Telegraph.
- Reflecting Back On The Politics Of My Lifetime (Category: Breaking News)
- The Aragalaya & The Wijeweera Legacy: How The Lankan Left Could Win (Category: Breaking News)
- Anatomy Of A Change; From Wijeweera’s JVP To AKD’s NPP (Category: Breaking News)
- Reflections On The April 1971 Uprising & Current Political Realities (Category: Breaking News)
Budget highlights Following are the highlights of Budget proposals made by President Ranil Wickremesinghe in Parliament yesterday: New economic and political system The President said in order not to fall back into a crisis, the economic and political system of Sri Lanka must be created anew. He said that a new social consensus should be […]
- Prez presents Budget to ‘build foundation of Sri Lanka’s recovery’ (Category: Breaking News)
- Sri Lanka’s Budget Speech 2024 (Category: Breaking News)
- President presents budget replete with reforms (Category: Breaking News)
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
* Tax revenue to be raised by 47.1% in 2024 * Rs 10,000 increase for public sector workers * Pensioners to get Rs 2,500 allowance * Rs. 450 bn reserved for bank recapitalization * Four new universities to be established * 20% of state banks to be given off by Saman Indrajith President Ranil Wickremesinghe, […]
- Budget 2024 (Category: Breaking News)
- Sri Lanka’s Budget Speech 2024 (Category: Breaking News)
- A high-wire act (Category: Breaking News)
- President presents budget replete with reforms (Category: Breaking News)
Tuesday 14th November, 2023 President Ranil Wickremesinghe told Parliament yesterday that Budget 2024 was intended to “build the foundation of Sri Lanka’s recovery”. “We cannot continue as a people who depends on others,” he said. What he has chosen to leave unsaid is that the budget primarily seeks to keep the IMF bailout on track […]
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
- 2024 budget process begins with govt. presenting Appropriation Bill (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
- Godahewa says President by his erratic behavior has become misfit to run country (Category: Breaking News)
In a significant move towards unlocking the potential of its vast maritime resources, Sri Lanka is renewing its focus on marine research and fostering international collaborations, aiming to bolster the nation’s blue economy, a report published by the World University News said yesterday
- Deep Range (Category: Business)
- New tie-up with UK to protect marine environment here (Category: Breaking News)
- Experts focus on Palk Bay fishermen’s problems (Category: Breaking News)
- EU funded policy roundtable held in Sri Lanka to discuss a cleaner marine environment (Category: Breaking News)
* Lankan universities have been running with no more than 60 percent of the cadre of teachers approved for them and now perhaps less. * Upper secondary schools are run with no teachers for mathematics, physics and information technology. * University teachers are emigrating in droves, driven away into uncertain lives in other countries. *In […]
- A Budget to dismember state universities (Category: Breaking News)
- Universities in crisis: Key learnings (Category: Business)
- Budget 2024 (Category: Breaking News)
- A people’s university and a national crisis (Category: Breaking News)
Sri Lanka's government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump in revenues which are crucial to keep its bailout programme from the International Monetary Fund afloat.The post Sri Lanka’s 2024 budget sets ambitious revenue, deficit targets appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka plans new budget 2022, original targets cannot be achieved: PM (Category: Breaking News)
- Sri Lanka’s president to cut spending in interim budget (Category: Breaking News)
- Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe in his capacity as Minister of Finance commenced presenting the Budget Speech 2024 at 12:00 PM today (November 13).The post Sri Lanka’s Budget Speech 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s Interim Budget Speech 2022 (Category: Breaking News)
- Sri Lanka’s Budget Speech 2023 (Category: Breaking News)
- Prez presents Budget to ‘build foundation of Sri Lanka’s recovery’ (Category: Breaking News)
- Rs.500M for healthcare improvement (Category: Breaking News)
[…]The post Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited appeared first on Colombo Telegraph.
- Citizens Should Be Aware Of The Burden Of Total Government Expenditure (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
- Evil Is Not Mere Money Printing, But Unbridled Government Expenditure (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
sector is essential for the economy, businesses and individuals, small […]
- Lanka signs World Bank $150 Mn deposit insurance loan (Category: Breaking News)
- Non Bank sector deposits increase, as public confidence improves – Central Bank (Category: Breaking News)
- CB eases lending and deposit interest rates (Category: Breaking News)
- Sri Lankan economy seen as showing consolidation over past several months (Category: Breaking News)
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