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The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
By N Sathiya Moorthy Now that President Ranil Wickremesinghe has promised to table the IMF bail-out documents in Parliament on 25 April, there will be some relief for citizens wanting out of the meaningless politico-electoral speculation of the time. It could well be back to a more serious discourse on the economy, economic recovery – […]
By Shamindra Ferdinando The International Monetary Fund (IMF) owed an explanation as regards the recent government declaration that domestic debt restructuring was part of the programme implemented in terms of Sri Lanka’s agreement with the lending agency, top Opposition spokesperson Prof. G.L. Pieris, MP said yesterday (10). Having repeatedly assured that domestic debt wouldn’t be […]
Wednesday 5th April, 2023 There have been substantial reductions in fuel prices, and they will go a long way towards tackling inflation. The economy is said to be showing some signs of recovery, but more trouble is apparently brewing for the hapless Sri Lankans, who are struggling to keep the wolf from the door. Now, […]
ජාත්යන්තර මූල්ය අරමුදලේ නියෝග මත දේශීය ණය ප්රතිව්යූහගත කරණය යටතේ සේවක අර්ථසාදක අරමුදල මගින් රජය ලබාගෙන ඇති ණය කපාහැරීමට සූදානම් […]The post මැයි මාසයේදී EPF බිලි දීමට සූදානම් appeared first on Lanka Truth | සිංහල | Latest and Breaking News from Sri Lanka.
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
Speech made November 22 I have consistently recorded my opposition to Minister of Finance being the President. From 2010 onwards in this House, whenever the President in his capacity as Minister of Finance has presented a budget I have recorded that protest and I wish to record that today as well. When a person who […]
ජාත්යන්තර මූල්ය අරමුදල 2007දී එවකට පැවති ආණ්ඩුවට ලබා දී තිබෙන නිර්දේශයක් අනුව යමින් සේවක අර්ථ සාධක අරමුදල සහ සේවා නියුක්තිකයන්ගේ […]The post හොර රහසේම අර්ථසාධකේ (EPF) විකිණීමේ සූදානමක්! appeared first on Lanka Truth | සිංහල | Latest and Breaking News from Sri Lanka.
The Employees Provident Fund (EPF), the largest social security scheme in Sri Lanka, has suffered massive losses due to the investments made in listed and unlisted companies, a new report compiled by the Auditor General s Department revealed.
Fear of a DDR/IFR event drive rates even higher
Minister Kanchana Wijesekera has publicly stated that the Ceylon Petroleum Corporation (CPC) and the Ceylon Electricity Board (CEB) have employees far in excess than required for the normal functioning of these institutions. For instance, Ceylon Petroleum Storage Terminals Ltd., has 4,200 employees where only 500 are required, and the CEB has around 26,000 employees when […]
‘Utterly corrupt process implemented at country’s expense’ By Shamindra Ferdinando Dissident SLPP lawmaker Dr. Nalaka Godahewa has warned of clandestine moves to sell off profitable ventures in the state sector.Addressing the media in Colombo on Wednesday (24), the Gampaha District MP alleged that instead of restricting loss making ventures, interested parties seemed hell-bent on divesting […...
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
Video: News1st EPF incurred a loss of 10.4 billion rupees - The 2012 annual report of EPF reveals
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
[…]The post Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance appeared first on Colombo Telegraph.
Photo courtesy of Longitude 80 The estate sector, a high foreign exchange earner for the country, is undergoing a severe crisis. On one hand, estate workers are underpaid and forced to live...
[…] The post Banks, Fitch Ratings, NPLs & Impairments! appeared first on Colombo Telegraph.
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
Photo courtesy of Longitude 80 The estate sector, a high foreign exchange earner for the country, is undergoing a severe crisis. On one hand, estate workers are underpaid and forced to live...
[…] The post Banks, Fitch Ratings, NPLs & Impairments! appeared first on Colombo Telegraph.
කොන්දේසි කිහිපයකට යටත්ව වතු කම්කරුවන්ට රුපියල් දහසක දෛනික වැටුපක් ලබාදීමට කලාපීය වැවිලි සමාගම් (RPCs) එකඟතාව පළ කර ඇති බව අරුණ පුවත්පත වාර්තා කර තිබේ. ඒ අනුව දෛනික වැටුප් ක්‍රමවේදයට අනුව වතු කම්කරුවන්ට එක් දිනක් වැඩ කිරීම සඳහා රුපියල් 1025ක් ගෙවනු ඇති බව එම පුවත් වාර්තා වේ සඳහන් වේ. ඒ අනුව මූලික වැටුප රුපියල් 700ක් ද […] The post වැවිලි සමාගම් වතු කම්කරු වැටුප 700ක් කිරීමට එකඟ වෙයි appeared ...
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
Photo courtesy of Longitude 80 The estate sector, a high foreign exchange earner for the country, is undergoing a severe crisis. On one hand, estate workers are underpaid and forced to live...
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
Photo courtesy of Longitude 80 The estate sector, a high foreign exchange earner for the country, is undergoing a severe crisis. On one hand, estate workers are underpaid and forced to live...
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
[…] The post The Right Way To Do The Eastern Container Project appeared first on Colombo Telegraph.
කොන්දේසි කිහිපයකට යටත්ව වතු කම්කරුවන්ට රුපියල් දහසක දෛනික වැටුපක් ලබාදීමට කලාපීය වැවිලි සමාගම් (RPCs) එකඟතාව පළ කර ඇති බව අරුණ පුවත්පත වාර්තා කර තිබේ. ඒ අනුව දෛනික වැටුප් ක්‍රමවේදයට අනුව වතු කම්කරුවන්ට එක් දිනක් වැඩ කිරීම සඳහා රුපියල් 1025ක් ගෙවනු ඇති බව එම පුවත් වාර්තා වේ සඳහන් වේ. ඒ අනුව මූලික වැටුප රුපියල් 700ක් ද […] The post වැවිලි සමාගම් වතු කම්කරු වැටුප 700ක් කිරීමට එකඟ වෙයි appeared ...
2014 T Bond Yield Goes Below One Year T Bill Rate In Secondary Market The rupee further strengthened at Friday’s (September 21) trading due to a mix of sluggish import demand and possible foreign investment in the Government Bond market, a source told this newspaper. As a result, the exchange rate (ER) strengthened by 25 ...