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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 […]
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
Fear of a DDR/IFR event drive rates even higher
- Sri Lanka central bank US$4.0bn in debt by March 2022 (Category: Breaking News)
- Sri Lanka central bank busts US$9.8bn since Feb 2020 to suppress rates, for stimulus (Category: Breaking News)
- Sri Lanka’s Central Bank Governors should be restrained by law, not given independence (Category: Breaking News)
- Sri Lanka will have to print money unless taxes are raised: CB Governor (Category: Breaking News)
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- Sri Lanka President revises budget amid inflationary blow off (Category: Breaking News)
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
- Sri Lanka 3-month Treasuries yield up 107bp, not all offered bills sold (Category: Breaking News)
- Sri Lanka’s Commercial Bank profits up 73-oct in March 2022 quarter (Category: Breaking News)
- Sri Lanka rejects bids for 2025 bonds, some 2029 bonds sold (Category: Breaking News)
- Sri Lanka Treasuries auction fails over re-structuring fears (Category: Breaking News)
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...
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
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...
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
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...
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
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...
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
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 ...
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- Money Market, ER Management, Full Marks To CBSL (Category: Breaking News)
- Stage Set For FDI Inflows (Category: Breaking News)
- CBSL Rekindles War Memories (Category: Breaking News)
By Saman Gunadasa World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators. Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, ...
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- Tilak insists no overregulation (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Tilak talks his way out of SEC (Category: Business)
By Cassandra Mascarenhas The Government eServices project spearheaded by the ICT Agency of Sri Lanka celebrated a landmark achievement last evening, launching 22 important eGovernment services, further strengthening the country’s Government sector by making public services easily accessible to the citizens of Sri Lanka via the internet and mobile communication systems. Presidential Secretary...
- Special New Year transport information via 1919 (Category: Business)
- ICTA’s Lanka Gate e-services project for better public service (Category: Business)
- Number of Lanka Gate users per day exceeds 3,000 (Category: Business)
- Reservoir level updates via SMS to farmers (Category: Business)
UNP MP Dr. Harsha de Silva yesterday issued the following statement on the new appointments to the Securities and Exchange Commission (SEC): Is the Government’s message to go ahead and engage in fraud at the CSE without worrying about getting caught? If the Minister of Finance was genuinely concerned in re-establishing a fair and equitable ...
- Get the facts about election fraud claims as Congress ratifies Electoral College votes (Category: USA, Nebraska)
- Get the facts about election fraud claims as Congress ratifies Electoral College votes (Category: USA, Maine)
- Get the facts about election fraud claims as Congress ratifies Electoral College votes (Category: USA, Mississippi)
- Get the facts about election fraud claims as Congress ratifies Electoral College votes (Category: USA, New Hampshire)
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
- Mudalige out; Kalinga in (Category: Business)
- Ex-SEC DG Channa appointed to Pan Asia Bank board (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
Last week’s weekly Treasury (T) Bill auction saw yields continuing with their upward ascent, with the weighted average yields (WAYs) for 182 and 364 day T Bills rising by seven and four basis points (bps) to 13.02% and 13.27% respectively. However the WAY for the 91 day T Bill stagnated at the 11.36% level, which ...
- Hike Stalled (Category: Breaking News)
- Yields Move Up (Category: Breaking News)
- Market Expects Rate Hike (Category: Breaking News)
- Rate Status (Category: Business)
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
- Real potential of the Colombo stock market (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Brokers delighted by talk, lunch with President (Category: Business)
- More about the real potential of the stock market (Category: Business)
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
- More than ever, businesses must think ‘what if’ (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Threat of recession contains risk of further global bank failures (Category: Business)
Tabling a recent communication by the EPF accusing that attacks on the EPF have been stepped up since December 2011 by a “particularly vociferous US-linked anti-China opposition MP carrying out a contract for unspecified foreign interests to wrest control of the EPF to private parties
- EPF rejects UNP MP’s allegations of fraud (Category: Business)
- Sri Lanka’s EPF says, an opposition MP is trying to destabilize the economy (Category: Breaking News)
- Stock Defence (Category: Business)
- Stock Purchase (Category: Business)
By Ashwin Hemmathagama Our Lobby Correspondent The Government has been repeatedly mentioning that the economy is in sound condition and reserves are very securely and lucratively invested. However, UNP MP Ravi Karunanayake moving yesterday’s adjournment motion accused the Government of robbery." “On examination of the state of the economy we find that the Government, especially ...
- Sri Lanka to implement wider monetary policies to strengthen national economy (Category: Breaking News)
- Global Trend (Category: Business)
- Long Cycle (Category: Business)
- Downside Risks (Category: Business)
D.E.W. Gunasekara says it is routine with 2010 Annual Report as subject; Ravi K says will take up reversed NSB-TFC deal and other stock market illsThe Chairman and Commissioners of the Securities and Exchange Commission (SEC) will appear before the Committee on Public Enterprises (COPE) today when Opposition is likely to query on ill doings ...
- NSB-TFC deal: CID questions Kariyawasam (Category: Business)
- A comprehensive investigation is underway on TFC-NSB deal – SEC (Category: Breaking News)
- NSB’s custodial role suspended, Sampath clears Friday settlements (Category: Business)
- NSB Head gives quit notice (Category: Business)
UNP MP Dr. Harsha De Silva yesterday warned that a clear trend of the fallout from the gambling of public money had emerged with the latest ruling from a London Court hot on the heels of losses suffered from equity market and European junk bond deals. “The London Court ruling is a further confirmation of ...
Renews call for Select Committee to probe shady deals; wants EPF investments in stocks halted Blasts President-Bourse forum Says CSE Board must be dissolved Akin to firing all cylinders, Opposition Leader Ranil Wickremesinghe has blasted President Mahinda Rajapaksa’s forum with capital
- US probe into Chinese client deals fresh challenge to Deloitte (Category: Business)
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion was signalling early signs of an economic turmoil. Perhaps being ...
- Why Lion leads frontier (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- Value investors enter as speculators exit (Category: Business)
But Market’s Illiquid Status Of Such, Drawback In a depressed market, such as that which is facing the Colombo bourse today, the time however is ripe for investors to buy good stocks at bargain prices an economist said. Amal Sanderatne, Director, Frontier Research (Pvt.) Ltd., addressing a seminar on the economy with a focus on ...
- Mafia Manipulates Bourse (Category: Breaking News)
- Bourse’s Volatility Here To Stay (Category: Breaking News)
- Politicos , Brokers ; Bourse’s Tailwind (Category: Breaking News)
- Broker Credit Drives Up Market (Category: Breaking News)
Considerable controversy has arisen regarding Employment Provident Fund (EPF) investment in the Colombo Stock Exchange (CSE). There have even been calls to stop all such investments. It is important, however, to remember that there are positive arguments in favour of such investments
- Stock Defence (Category: Business)
- EPF reiterates it has followed Investment Policy Guidelines (Category: Business)
- EPF rejects UNP MP’s allegations of fraud (Category: Business)
- Should the EPF gamble with public money by investing on junk Stocks (Category: Breaking News)
Last week in Parliament, Opposition Leader Ranil Wickremesinghe singled out Daily FT in his usual criticism on newspapers. Among various allegations made by Wickremesinghe was that the FT is one of the papers which is in the pay of the so-called “stock market mafia” and the Central Bank. Wickremesinghe also alleged that FT was one ...
- Harry’s Melstacorp buys 11% more in Spence for Rs. 5 b (Category: Business)
- LOLC Group ‘buys’ top Rs. 7 b in two and half years (Category: Business)
- DFCC buys 10% NTB stake for Rs. 1.3 b (Category: Business)
- Controlling shareholder CFLB buys 12% more of Colonial Motors for Rs. 319 m (Category: Business)
UNP MP Dr. Harsha De Silva in a statement said yesterday that notwithstanding the almost daily statements by the Employees Provident Fund (EPF) defending its investments in the Colombo Stock Exchange (CSE), violating its own published Investment Guidelines it has now been revealed that the EPF
- UNP warns of recession (Category: Breaking News)
- Controversial Investments Out Of EPF And ETF (Category: Breaking News)
- UNP MP renews warning over fate of EPF’s questionable investments in stock market (Category: Business)
- Safeguards For EPF Investments Needed (Category: Business)
The Employees’ Provident Fund (EPF) yesterday welcomed the clarification made by Standard and Poor’s (S&P) that there was “no information of any specific incidences occurring” of “a potential conflict of interest” due to the Central Bank’s oversight
- UNP vows to prove the truth (Category: Business)
- EPF and ETF tangled up! (Category: Business)
- EPF is well managed, not corrupt: CB Chief (Category: Business)
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard
- Harsha claims Govt., CB lack credibility (Category: Business)
- UNP draws guns on “military control” of Rupee (Category: Business)
- S&P’s soother! (Category: Business)
Positive macro news and rumoured overhauling of SEC among other State entities trigger buying spree; some analysts insist rebound is due to attractive pricingThe Colombo Bourse on Friday shot up by over 100 points before losing some momentum, with the earlier development being linked by some analysts to positive macro news and a rumoured overhauling ...
- Politicos , Brokers ; Bourse’s Tailwind (Category: Breaking News)
- Festive cheer prevails in Colombo Bourse (Category: Business)
- Return of retailers revs up Bourse (Category: Business)
- Stock market struggles on 2012 debut (Category: Business)
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