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Sri Lanka's central bank kept interest rates steady on Tuesday, in line with market expectations, forgoing a rate cut as a new tax threatened upward pressure on expenses and fuelled concerns about inflation.The post Sri Lanka central bank keeps policy rates unchanged to tame inflation appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
A press release issued by the Central Bank of Sri Lanka states that the Monetary Policy Board of the CBSL, at its meeting held on 22 January 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per […]
- Words of Wisdom (Category: Business)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
Tuesday 23rd January, 2024 Sri Lankan ministers are never short of lame excuses, which they are adept at fabricating. Never do they own up to their blunders, which have landed the country in the current predicament. When the economy went into a tailspin, they promptly blamed the war in Ukraine
- Highest vegetable prices in recent history recorded today (Category: Breaking News)
- No proper regulatory system to control price of vegetable seeds in Sri Lanka - COPA (Category: Breaking News)
- Asia feels the sting of India s onion export ban (Category: Breaking News)
- Navigating challenges of escalating vegetable prices in Sri Lanka: (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)
President Ranil Wickremesinghe addressing the 3rd South Summit of the Group of 77 and China on Sunday (21) in Kampala, Uganda, highlighted the numerous challenges the world faces, such as conflicts, pandemic repercussions, climate disasters and financial market uncertainties. The President also emphasized the disproportionate impact on vulnerable G77 economies. He stressed the urgency of […]
- President emphasizes immediate reforms in global financial structure (Category: Breaking News)
- President meets state leaders during the 3rd “G77 and China” Global South Summit (Category: Breaking News)
- President in New York to attend UN General Assembly (Category: Breaking News)
- G-77 summit: President RW calls for earmarking 1% of GDP for R&D over a decade (Category: Breaking News)
By Prof. Amarasiri de Silva Sri Lanka, renowned for its rich cultural heritage and diverse landscapes, is grappling with an unprecedented macroeconomic crisis. This crisis has given rise to acute shortages and sharp increases in the prices of essential products, creating a complex web of challenges. At the heart of this multifaceted crisis lies a […]
- Dairy: The mirage of self-sufficiency (Category: Business)
- Egg prices expected to drop, imports unnecessary from next year – Minister (Category: Breaking News)
- Fix food sectors (Category: Business)
- Achieving food security:Integrated plan necessary (Category: Breaking News)
[…]The post Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- SL not done enough says US (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)
ECONOMYNEXT –Sri Lanka’s economy is starting to recover under a stabilization program, and further progress has to be made on debt restructuring while monetary policy decisions have to be prudent to keep inflation down, an International Monetary Fund official has said. “A swift completion
[…]The post Election ’24: Rajapaksa Implosion & Ranil’s Red Sea Meddling appeared first on Colombo Telegraph.
- Election Hustling In The South & Boycott Talk In The North (Category: Breaking News)
- May Day Politics: A Pregame To Presidential Election (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- Electing A President: Three Against One In The US & Three Against Three In Sri Lanka (Category: Breaking News)
[…]The post A Bleak Forecast For 2024 & Beyond: Politics (Security), Economics & Military appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- The Ugly New Face Of Terrorism (Category: Breaking News)
- Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties A... (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
[…]The post Renascence appeared first on Colombo Telegraph.
- The National People’s Power (NPP) (Category: Breaking News)
- Waging Peace! (Category: Breaking News)
- Jesus, Freedom, Democracy & Aragalaya (Category: Breaking News)
- Anatomy Of A Change; From Wijeweera’s JVP To AKD’s NPP (Category: Breaking News)
[…]The post Now, To Those Taxes! appeared first on Colombo Telegraph.
- Failing Banks, French Turmoil & Sri Lanka’s Contraction & Confusion (Category: Breaking News)
- Lessons From America (Category: Breaking News)
- Restoring The Parliamentary System, The Womb Of Racism, Discrimination, Separatism & Civil Wars,... (Category: Breaking News)
- Connectivity Or Captivity? (Category: Breaking News)
Although Sri Lanka s macro economy is gradually stabilizing, the country s economic recovery process is still in the infancy level and has yet to reach the broader population, says Peter Breuer, the Senior Mission Chief of the International Monetary Fund (IMF) to Sri Lanka.
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)
At a discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalizing Sri Lanka’s economy. Emphasizing tourism promotion, agricultural
- Huge Landslide victory to UPFA with over 55 percent of the votes cast (Category: Breaking News)
- President Ranil Wickremesinghe submits draft of ‘Defence Review – 2030’ to the Cabinet (Category: Breaking News)
- President to attend 10th World Water Forum high-level meeting in Indonesia (Category: Breaking News)
- Full Text of State Dept. briefing on President Mahinda Rajapaksa's visit to US (Category: Breaking News)
Pakistan’s Caretaker Prime Minister Anwaar-ul-Haq Kakar met President Ranil Wickremesinghe on Tuesday at the sidelines of the World Economic Forum summit in Davos. A news story published by the Arab News said: Kakar arrived in Switzerland on Sunday to attend the 54th WEF summit, where he is scheduled to attend three thematic events and also […]
- President Ranil leaves for Cuba to attend G77+China summit (Category: Breaking News)
- World Green Summit Rio+20 begins today (Category: Breaking News)
- 55th Summit of ADB to be held in Sri Lanka (Category: Breaking News)
- G-20 summit opens with calls for united response to pandemic (Category: Breaking News)
, but nothing will help revive the ailing economy and prevent […]
- Laws made to be broken (Category: Breaking News)
- A cosmetic reshuffle (Category: Breaking News)
- If wishes were horses … (Category: Breaking News)
- Field Marshal warns of another major revolt on 09 August (Category: Breaking News)
[…]The post Minorities & System Change appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- Monk’s Imprisonment: Aragalaya Victory No. 2 (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Aragalaya, Political Buddhism & Ranilocracy (Category: Breaking News)
Sajith says govt.’s impending electoral defeat cannot be reversed through constitutional means By Shamindra Ferdinando The National Movement for Social Justice (NMSJ) has urged the Wickremesinghe-Rajapaksa government to put off the two-day debate on the proposed Online Safety Bill scheduled for January 23 and 24th. The NMSJ, led by former Yahapalana speaker Karu Jayasuriya, has […]
- Tech giants concerned over Sri Lanka s Online Safety Bill (Category: Breaking News)
- SJB and SLPP move SC against Online Safety Bill (Category: Breaking News)
- Another petition filed challenging Online Safety Bill (Category: Breaking News)
- Parliament to debate the Online Safety Bill today (Category: Breaking News)
Sri Lanka’s Colombo port has seen a big jump in container volumes in recent weeks as vessels steering clear of tensions in the southern Red Sea have found it a convenient transit point, officials said on Tuesday. Yemen’s Iran-backed Houthi rebels have since November attacked ships in the Red Sea, part of a route that […]
- China research ship requests Sri Lanka port call (Category: Breaking News)
- Special port facilities offered to Bangladeshi vessels in Colombo (Category: Breaking News)
- Colombo Port City Duty-Free Regulations awaiting Cabinet approval (Category: Breaking News)
- Chinese warship docks at Colombo Port (Category: Breaking News)
[…]The post Pragmatism Needs Fairness To Be Statesmanlike appeared first on Colombo Telegraph.
- President Positions Sri Lanka To Win International Support (Category: Breaking News)
- Human Rights Protection Requires More Inclusive Approach (Category: Breaking News)
- The Choice Of Consensus Or Confrontation (Category: Breaking News)
- Political Solution Is Missing Part Of Reconciliation (Category: Breaking News)
Asia Internet Coalition (AIC), a body comprising internet and technology companies in the world, and its members, expressed concern about the Online Safety Bill and called for extensive revisions and overhaul of it.The post Asia Internet Coalition raises red flag on Sri Lanka’s Online Safety Bill appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Tech giants concerned over Sri Lanka s Online Safety Bill (Category: Breaking News)
- Asia Internet Coalition refutes Public Security Minister’s statement on Online Safety Bill (Category: Breaking News)
- Speaker of Sri Lanka Parliament endorses certificate on Online Safety Bill (Category: Breaking News)
- World’s leading tech companies deeply criticize Sri Lanka’s Online Safety Bill (Category: Breaking News)
National People's Power (NPP) leader Anura Kumara Dissanayake announced today that if the NPP government comes into power in the future, they intend to prevent politicians from misusing public funds.The post NPP will not misuse or loot a cent of public money – Anura appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Anura Kumara and Duminda Dissanayake also quit COPE (Category: Breaking News)
- Anura Kumara Dissanayake to contest for Presidency (Category: Breaking News)
- NPP wants GR to resign and Speaker to be acting President (Category: Breaking News)
- A citizen’s rule should be established in the country – NPP (Category: Breaking News)
Public Security Minister Tiran Alles has explained the ongoing ‘Yukthiya’ operation to members of the Colombo-based diplomatic community. The Geneva-based United Nations Human Rights Commission has jumped to question the government operation. The Foreign Ministry said that Minister Alles provided an update on the progress made by the special operation against drug menace and underworld […]
- Office for National Unity and Reconciliation Bill to be taken up next Tuesday (Category: Breaking News)
- Foreign Secy. underscores significance of economic partnership with the UK (Category: Breaking News)
- Wimal: SIS to be placed under CIA (Category: Breaking News)
- Genocide Day’ controversy : SL registers protest with Canadian HC (Category: Breaking News)
By M. Rodwan Abouharb Associate Professor in International Relations, UCL and Bernhard Reinsberg Reader in Politics, University of Glasgow Sri Lanka received a bailout from the International Monetary Fund (IMF) in March amid soaring inflation, debt and a sovereign default. In exchange for US$3 billion (£2.4 billion), the government committed to spending cuts and tax […]
- 2024: An election year and global trends (Category: Breaking News)
- Where have millions of USD invested in good governance and accountability projects et al gone? (Category: Breaking News)
- Costly UNDP ‘lessons’ for Parliament (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
[…]The post Economy 2024: More Challenging Than The Two Previous Years appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- The Magic 2048: What Is To Be Done To Make Ranilnomics A Reality? (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- SOE 2023: IPS Offers Some Inputs To Proposed Growth Lab (Category: Breaking News)
Jio Platforms, the telecom arm of Reliance Industries, has expressed interest in buying a stake in Sri Lanka Telecom PLC, the state-owned telecommunication company.The post Mukesh Ambani is taking his telecom playbook to Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Reliance’s Jio, Gortune pre-qualify for Sri Lanka Telecom stake bid (Category: Breaking News)
- Mukesh Ambani s Jio Platforms may invest in Sri Lanka Telecom - report (Category: Breaking News)
- Mukesh Ambani interested in buying stake in SLT (Category: Breaking News)
- Sectoral Oversight Committee on National Security recommends not to privatise Sri Lanka Telecom (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has issued a message for 2024 Thai Pongal day.The post Sri Lanka President’s 2024 Thai Pongal Day message appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President’s Thai Pongal Message (Category: Breaking News)
- President on the added significance of this year s Thai Pongal celebration (Category: Breaking News)
- Sri Lanka President says Presidential, Parliamentary Elections will be held in 2024 (Category: Breaking News)
- U.S. Ambassador Julie Chung meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
by Susantha Hewa A Shramadana (collaborative work) in a village is a good example of participatory democracy in action, where it is “of the villagers, by the villagers, for the villagers”. Of course, a few would organize and lead but they don’t stand to benefit more than the others. The coordinators would get their due praise for […]
- Welgama warns Gota against returning to active politics (Category: Breaking News)
- Better thinking on legitimacy of Aragalaya protests (Category: Breaking News)
- Sirisena Cooray: An Epilogue to a Life in Deeds (Category: Breaking News)
- Are we so bad? (Category: Breaking News)
President Ranil Wickremesinghe in his Thai Pongal day messaged urged everyone to come together with determination, akin to the unity of siblings, to realize new hopes for the country’s future. The full text of the President’s Thai Pongal message: Thai Pongal, a vibrant Hindu harvest festival celebrated by the Tamil Community worldwide, beckons us into […]
- Celebrate Thai Pongal at the Mövenpick Hotel Colombo (Category: Breaking News)
- Celebrate Thai Pongal at the Mövenpick Hotel Colombo (Category: Breaking News)
- Celebrate Thai Pongal at the Mövenpick Hotel Colombo (Category: Breaking News)
- Celebrate Thai Pongal at the Mövenpick Hotel Colombo (Category: Breaking News)
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