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By Shamindra Ferdinando Opposition MP Harshana Rajakaruna yesterday (25) said those who had defeated the no-confidence motion (NCM) against Health Minister Keheliya Rambukwella should peruse the latest State audit report on the Health Ministry. The Gampaha District SJB MP said the Committee on Public Accounts (COPA) at a recent meeting chaired by State Minister Lasantha Alagiyawanna had strongly [...
- SJB tells govt.:Elections not prerogative of President (Category: Breaking News)
- Govt. causes split in SJB by appointing Mayantha as COPF head instead of Harsha (Category: Breaking News)
- Opp. seeks IMF intervention to rein in corruption (Category: Breaking News)
- Opposition claims govt. afraid of instituting criminal proceedings against DIG Nilantha Jayaward... (Category: Breaking News)
By Udari Abeyasinghe One of the principles of free education is to provide opportunities in higher education. In 2020, then-President Gotabaya Rajapaksa issued directives to the University Grants Commission (UGC) to increase university admissions by an additional 12,000 students, in line with his election manifesto. Subsequently, student enrollments were increased with inadequate resources allocat...
- Medical education at crossroads (Category: Breaking News)
- Universities in crisis: Key learnings (Category: Business)
- Chaos in universities: A solution? (Category: Business)
- Country fast running out of dons to keep universities ticking (Category: Breaking News)
Sri Lanka has called for reform in multilateral institutions like the UN, particularly the expansion of the Security Council’s composition. President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri...
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- UN offers continued support to Sri Lanka’s reconciliation efforts (Category: Breaking News)
- Sri Lanka tells COP27 to act fast to ensure global food security (Category: Breaking News)
- President Ranil Wickremesinghe’s address at the UNGA: ‘Sri Lanka’s journey to rebuild trust and ... (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday (September 21) which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges.The post Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and global solidarity appeared first on ONLANKA - Sri L...
- Sri Lanka calls for reform in multilateral institutions like the UN (Category: Breaking News)
- President Ranil Wickremesinghe’s address at the UNGA: ‘Sri Lanka’s journey to rebuild trust and ... (Category: Breaking News)
- Sri Lanka unveils Climate Prosperity Plan and Climate Justice Forum to tackle climate challenges... (Category: Breaking News)
- Sri Lanka President Ranil Wickremesinghe leaves for UK and France on official visit (Category: Breaking News)
President Ranil Wickremesinghe addressed the UN General Assembly in New York on Thursday (21) on the theme “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but has managed to […]
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- Sri Lanka calls for reform in multilateral institutions like the UN (Category: Breaking News)
- Sri Lanka unveils Climate Prosperity Plan and Climate Justice Forum to tackle climate challenges... (Category: Breaking News)
- Sri Lanka hits the nail on the head at UN ECOSOC Financing for Development Forum (Category: Breaking News)
President Ranil Wickremesinghe, speaking at the Climate Ambition Summit on the sidelines of the UN General Assembly on Wednesday (20), affirmed Sri Lanka’s commitment to the Secretary General’s accelerated climate agenda. He highlighted the importance of tangible climate actions and commended the delegates for their valuable suggestions. President Wickremesinghe drew attention to the significant e...
- President pledges Sri Lanka s dual approach to climate ambition at UN Climate Summit (Category: Breaking News)
- Africa's rainforests 'resilient' (Category: Technology)
- Sri Lanka stands to benefit from President’s visit to the United States- Ruwan Wijewardene (Category: Breaking News)
- Climate reshapes tropical forests (Category: Technology)
President Ranil Wickremesinghe met USAID Administrator, Samantha Power, on the sidelines of the UNGA, in New York, on Tuesday (19). During the discussions the President expressed his appreciation for the support extended by USAID to Sri Lanka during the financial crisis. The President
- President to attend UNGA in September (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Sirisena seeks divine intervention to bring about political stability (Category: Breaking News)
President Ranil Wickremesinghe met USAID Administrator, Samantha Power, on the side-lines of the UNGA in New York. During the discussions the President expressed his appreciation for the support extended by USAID to Sri Lanka during the financial crisis and presented a short briefing
- Path Finder (Category: Business)
- Taxpayer Pressure (Category: Business)
- USAID partners with Sri Lanka apparel factory to create opportunities in the Eastern Province (Category: Breaking News)
- Aquaculture (Category: Business)
Sri Lanka President Ranil Wickremesinghe met with USAID Administrator, Samantha Power yesterday (September 19), on the sidelines of the UN General Assembly in New York.The post USAID will continue to support Sri Lanka’s recovery – Samantha Power assures appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President and USAID Administrator Samantha Power forge strong alliance at UNGA (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- USAID pledges support for Sri Lanka to ride out crisis situation (Category: Breaking News)
- Samantha Power assures Ranil USAID support (Category: Breaking News)
Bangladesh did not expect Sri Lanka to pay back the loan so fast, Bangladesh Prime Minister Sheikh Hasina said. Hasina informed President Wickremesinghe that she was pleased with Sri Lanka’s speedy recovery from the financial crisis. Meanwhile, Wickremesinghe apologized to Hasina for not being able
- Bangladesh PM attaches high priority to relations with Sri Lanka (Category: Breaking News)
- Bangladesh approached for assistance after Sri Lanka deal (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
- Hasina rules out possibility of Sri Lanka-like crisis in Bangladesh (Category: Breaking News)
during the financial crisis, the President’s Media Division said. The President presented a short […]
- President to attend funeral of Queen Elizabeth II (Category: Breaking News)
- The future of shopping in Kandy: Softlogic launches ODEL Mall (Category: Breaking News)
- Ranil assures Power on electoral reforms (Category: Breaking News)
- Protests in Batticaloa and Jaffna against Independence Day celebrations (Category: Breaking News)
Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]
- Sri Lanka Treasury bill yields edge lower, peg steady (Category: Breaking News)
- Standard Chartered Sri Lanka clinches ADB’s prestigious Trade Finance Deal of the Year 2020 Award (Category: Breaking News)
- Sri Lanka guidance peg edges T-bond yield edge down (Category: Breaking News)
- Sri Lanka Treasuries yield flat, peg steady (Category: Breaking News)
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
- Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- China’s Economy – Nothing Is Going Right! (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]
- CEB seeks approval for another power tariff hike, alleges Electricity Consumers’ Association (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- ‘CEB restructuring by September; power sector entities to be run separately’ (Category: Breaking News)
- CEB hydro power capacity down to 25 percent (Category: Breaking News)
The Chinese spy ship ‘Shi Yan 6’ has entered the Malacca strait, bound for Colombo, amid confusion over whether Sri Lanka has granted access for the spy vessel to dock at Colombo. According to reports last month, the Sri Lankan Defence Ministry has granted Shi Yan 6 access to dock at Colombo port. However, the Sri Lankan […]
- Sri Lanka approves request to dock Chinese Research / Survey Vessel Shi Yan 6 (Category: Breaking News)
- Sri Lanka approves request to dock Chinese research ship Shi Yan 6 (Category: Breaking News)
- Chinese research ship Shi Yan 6 - Approval not granted yet to dock in Sri Lanka  Foreign Ministry (Category: Breaking News)
- Chinese ship visit: Sabry contradicts Defence Ministry (Category: Breaking News)
Talks between Sri Lanka and its international bondholders will seek common ground on how much of a hit should be incurred by domestic banks and holders of debt of the country's state-owned enterprises (SOEs), two sources with direct knowledge said.The post Sri Lanka bondholders talks focus on state enterprise debt, domestic banks – sources appeared first on ONLANKA - Sri Lanka Latest Breakin...
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka looks at debt relief through nature conservation – report (Category: Breaking News)
- Sri Lanka expects to finalise domestic debt rework by May (Category: Breaking News)
The first review of the International Monetary Fund’s Extended Fund Facility (EFF) for Sri Lanka is slated to commence today (September 14).The post First review of IMF’s Extended Fund Facility for Sri Lanka to commence today appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF s first program review begins today; Sri Lanka hopeful of promising pathway for growth (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- IMF refutes reports on its advice to digital service tax in Sri Lanka (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
Sri Lanka has accepted offers to exchange about $10 billion worth of defaulted local debt for new bonds, the Finance Ministry said on Tuesday, taking it a step towards meeting debt restructuring requirements ahead of an International Monetary Fund (IMF) review.The post Sri Lanka announces $10 billion local bond swap deal ahead of IMF visit appeared first on ONLANKA - Sri Lanka Latest Breaking News...
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout (Category: Breaking News)
- Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process (Category: Breaking News)
- Sri Lanka to make $2.6 billion in loan repayments in first half of year (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
The European Union (EU) has called for concrete actions by Sri Lanka while taking note of plans for reconciliation mechanisms. In a statement delivered at the 54th Session of the UN Human Rights Council, the EU reaffirmed its commitment to Human Rights, reconciliation and accountability in Sri Lanka. “While the EU recognizes the challenges Sri […]
- EU reminds Sri Lanka on GSP+ commitments (Category: Breaking News)
- EU tells Sri Lanka to suspend the PTA (Category: Breaking News)
- EU wants tangible progress by Sri Lanka on GSP+ commitments (Category: Breaking News)
- EU calls for democratic and orderly transition in Sri Lanka (Category: Breaking News)
Muttiah Muralitharan believes Pakistan Cricket Board (PCB) is to be blamed for this fiasco due to the high ticket prices set by the board, who is the official host for the continental tournament.The post Muttiah Muralitharan criticizes Pakistan Cricket Board’s costly tickets for Asia Cup 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Celebrating 75 years of cricketing excellence (Category: Breaking News)
- Pakistan face Sri Lanka in cricket W.Cup blockbuster (Category: Breaking News)
- Sri Lanka wants WCup tribute to Muralitharan (Category: Breaking News)
The government yesterday (01) increased fuel prices again and announced the cancellation of the QR code system that was in place to restrict fuel supply in the retail market. The QR code system was meant to drastically drop fuel consumption due to the financial crisis that throttled the economy
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Laugfs too jacks up price of gas (Category: Breaking News)
- Price of cigarette increased from today (Category: Breaking News)
- Thanks to its generosity to gas station owners, CPC bleeding to death, says FSP (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
- Sri Lanka President’s robust economic development program leads to 62.1% drop in inflation – Min... (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022
- HSBC China fund JV to expand, internationalisation in focus (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Taiwan CB says hot money returning to markets (Category: Business)
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
by Laura He China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second economy is itself the problem. Hong Kong’s Hang […]
- China sets lowest GDP growth target in decades as Beijing tightens its belt (Category: Breaking News)
- Thousands of ethnic minority Muslims defy Chinese authorities in defense of mosque (Category: Breaking News)
- China was the ghost at the US-India feast (Category: Breaking News)
- Donald Trump pleads not guilty following arrest (Category: Breaking News)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
Stating that multiple challenges confront the G20 grouping, External Affairs Minister S Jaishankar said that India adopted an unconventional approach to its Presidency, making it much more connected with people. A major highlight of the second day of the Think20 (T20) Summit in Mysuru on Tuesday was a virtual address by Jaishankar, followed by a […]
- Crisis in multilateralism affecting developing nations most: PM at G20 meet (Category: Breaking News)
- India hosts Iran’s deputy FM to push Eurasian link (Category: Breaking News)
- Many debt ridden countries, relying on India’s assistance (Category: Breaking News)
- Jaishankar Calls on Belgium PM; Discusses Growing Bilateral Cooperation on Trade, Technology (Category: Breaking News)
Bio Foods (Pvt.) Ltd., a pioneer in export agriculture in Sri Lanka, proudly commemorates its 30th anniversary as a leader of organic and fair-trade agriculture on a global scale. Established in 1993 by visionary founder and Chairman, Dr. A. Sarath Ranaweera, Bio Foods has emerged as an exemplary model for sustainable and ethical farming practices. […]
- ICC Sri Lanka Celebrates the Most Admired Companies of 2022 (Category: Breaking News)
- Australia holds talks with Sri Lanka’s indigenous community (Category: Breaking News)
- UN FAO help tackle environmental challenges in Sri Lanka (Category: Breaking News)
- Thema Collection – Chandra and team win Green Building Platinum award (Category: Breaking News)
Herath asks whether govt. wants to pave the way for new player By Shamindra Ferdinando The Cabinet-approved national energy policy related to the development of natural gas infrastructure has been suspended by the government following representations made by Power and Energy Minister Kanchana Wijesekera. Dissident SLPP MP Prof. Charitha Herath on Tuesday (22) said that […]
- SLPP dissidents ask AG if Adani Group represents govt. of India (Category: Breaking News)
- Removal of PUCSL Chairman will be ominous turning point in SL politics, says Charitha Herath (Category: Breaking News)
- Present govt under PM Rajapaksa needs to step down Charitha Herath (Category: Breaking News)
- Parliament rejected two anti-corruption propoals (Category: Breaking News)
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
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