by Y P Prakash The Sri Lankan government, led by Power & Energy Minister Kanchana Wijesekara, has placed significant emphasis on regional energy integration and grid connectivity between Sri Lanka and India. The target for implementing this initiative is 2030. Discussions regarding regional energy integration have been ongoing for more than two decades, and the […]

Sri Lanka has received foreign grants amounting to EUR 9.8 mn meant to improve transparency and accountability in public finance expenditure. The EU disclosed the grant in a statement issued yesterday. According to the statement, the government, the World Bank, the European Union (EU) and Agence Française de Développement (AFD) have signed financing agreements to […]

PCs better in managerial efficiency and financial discipline than ministries By Shamindra Ferdinando President Ranil Wickremesinhe has found fault with Parliament for the developing financial crisis. He has asserted that one of the major reasons for the crisis was the failure

An action committee was appointed today (19 July), to swiftly implement strategies aimed at re-employing individuals impacted by the economic crisis.

Minister of Labour and Foreign Employment, Manusha Nanayakkara, and President’s Secretary, Saman Ekanayake at a meeting held at the Presidential secretariat decided to appoint an action committee comprising key secretaries from various ministries, including Education, Finance, Tourism, Fisheries, Transport, Plantation and Industry to swiftly implement strategies aimed at re-employing individuals i...

World Bank Country Director for Maldives, Nepal and Sri Lanka Faris Hadad-Zervos has commended Sri Lanka s efforts thus far with regards to finding solutions for the island s economic crisis.

Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]

The inaugural meeting of the committee appointed to probe the causes for the country s economic bankruptcy is scheduled to be held today (July 18).

Pakistan Prime Minister Shehbaz Sharif had telephoned President Ranil Wickremesinghe yesterday and discussed matters relating to the current economic situation in both countries, the Pakistan High Commission in Colombo said. PM Shehbaz thanked the President for supporting Pakistan with regard to the country’s agreement with the International Monetary Fund (IMF). “You have played the role of ...

Washington [US], July 5 (ANI): Although, India-US relations are progressing at a great pace, but over the last few months, some of the Biden administration’s regional policies in the Indo-Pacific have done more harm to its partners, particularly India and its geopolitical leverage in the Indo-Pacific region, a senior fellow at Pacific Forum, Akhil Ramesh […]

PSC to probe bankruptcy: Leader of Opposition Sajith Premadasa, on Saturday, announced that a committee consisting of Opposition MPs would be appointed to look into the causes of the country’s economic crisis and identify those who were responsible for it. Premadasa said, in a media statement

Monday 17th July, 2023 The Parliamentary Select Committee (PSC) appointed by Speaker Mahinda Yapa Abeywardena to investigate the causes of the country’s bankruptcy has come in for severe criticism, and understandably so. The Opposition has rightly pointed out that the PSC cannot be expected to act impartially under the chairmanship of General Secretary of the […]

Sri Lanka has invited the UK’s former Paymaster General Francis Maude, who oversaw the creation of the Government Digital Service in 2011, to visit the country and share his insights on digitalisation with a view to boosting state revenue. President Ranil Wickremesinghe told officials at a committee meeting on Wednesday July 12 that Sri Lanka’s […]