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Debt owed by various countries, especially in South Asia and Africa, to China has multiplied in recent years.The post Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government
;s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Chips Are Everywhere: But Can Sri Lanka Ride The Wave? appeared first on Colombo Telegraph.
business community in Northern Province appeared first on ONLANKA - Sri Lanka Latest Breaking News and To...
by 2040, president says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
-study appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Doctors’ Brain Drain: Health Security Concern In Sri Lanka appeared first on Colombo Telegraph.
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
Lanka Latest Breaking News and Top Stories.
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 […]
China’s top diplomat Wang Yi is visiting Russia for security talks, as Moscow seeks continued support for its war on Ukraine. A close ally of Moscow, Beijing is accused of supporting Russia indirectly during the war, which it denies. Mr Wang’s trip is thought to be paving the way for Vladimir Putin to make a […]
Minister of Agriculture Mahinda Amaraweera has assured that egg and chicken prices are likely to decrease next year and remain stable thereafter.The post Egg prices expected to drop, imports unnecessary from next year – Minister appeared first on ONLANKA - Sri Lanka Latest 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...
The SriLankan Airlines says it has already obtained the approval of the Government of Sri Lanka to recruit foreign pilots.The post SriLankan Airlines obtains Government’s approval to recruit foreign pilots appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
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At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
The US will send Ukraine a cluster munitions package to help in its counteroffensive against Russia. The White House said it had postponed the decision for as long as it could because of the risk of civilian harm from such unexploded ordnance. Ukraine has been asking for the weapons for months amid an ammunition shortage. […]
next month appeared first on ONLANKA - Latest Breaking News updates on Sri Lanka.
By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies and donor nations. Though the […]
The federal budget for Fiscal Year 2023-24, presented by Pakistan Finance Minister Ishaq Dar on Friday, came as a huge disappointment for homemakers as it offered no respite from surging household expenses, The News International reported. Reeling under an economic crisis of the kind seldom