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[…]The post Should The Central Bank Act Be Amended By A Future Government? appeared first on Colombo Telegraph.
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
- Inflation – Public Enemy Number One (Category: Breaking News)
- The Latest IMF Condition – Make The Central Bank Independent (Category: Breaking News)
Sri Lankan migrant workers have remitted 5.4 billion U.S. dollars in the first 11 months of 2023, the latest data released by the Central Bank of Sri Lanka (CBSL) has shown.The post Sri Lankan migrant workers remit 5.4 Billion USD in first 11 months appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lankan migrant workers remit 5.4 bln USD in first 11 months (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Migrant workers’ remittances record sharp increase in March (Category: Breaking News)
- Sri Lankan Migrant workers’ remittances record sharp increase in May (Category: Breaking News)
[…]The post JRJ, The Arrogant Man Whose 1977 Constitution Started The Ruin appeared first on Colombo Telegraph.
- The Curse Of JRJ Constitution Continues (Category: Breaking News)
- Lessons From America (Category: Breaking News)
- Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy (Category: Breaking News)
- Immediate Governmental Actions Needed (Category: Breaking News)
By Rathindra Kuruwita Sri Lanka has never been this transparent about an agreement it entered with the IMF, State Minister of Finance, Ranjith Siyambalapitiya says.Addressing calls for greater transparency in dealings with the IMF, Siyambalapitiya noted on Wednesday that Sri Lanka had engaged with the global lender on 16 previous occasions. The Cabinet of ministers […]
- Govt. still undecided about domestic debt restructuring methods (Category: Breaking News)
- Foreign debt restructuring likely to conclude soon - Finance State Minister (Category: Breaking News)
- One third of first tranche of IMF bailout vaporised (Category: Breaking News)
- Inland Revenue and Appropriation Acts to be amended in line with debt restructuring (Category: Breaking News)
By Hiran H. Senewiratne Participation in the share market was quite low yesterday on the part of both foreign and local investors following bondholder concerns over transparency issues with regard to the external debt restructuring agreement, market analysts said. Amid those developments both indices moved upwards slightly. The All- Share Price Index went up by […]
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- Some across-the-board sales at CSE following dampening of investor sentiment (Category: Breaking News)
- Lanka IOC and banking sector stocks propel bourse to positive trajectory (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (Category: Breaking News)
By Rathindra Kuruwita Dissident Sri Lanka Freedom Party (SLFP) MP, Dayasiri Jayasekera, has expressed concern over a potential 50% drop in the revenue of the Ceylon Petroleum Corporation (CPC) due to the entry of foreign companies into the petroleum market. Jayasekera highlighted the adverse impact of the policies of successive governments on the CPC. “The […]
- It’s alright for new foreign fuel retailers to undercut CPC in pricing productsBy Rathindra Kuru... (Category: Breaking News)
- Fuel Distributors Association threatens legal action against CPC (Category: Breaking News)
- Govt.’s strong-arm tactics bound to fail, say petroleum unions (Category: Breaking News)
- CPC leaves shed owners in limbo (Category: Breaking News)
Sri Lanka Under 19s will commence their Under 19 Asia Cup campaign against minnows Japan on Saturday, two days after the team land in Dubai. The Youth team left for Dubai yesterday. The team captained by Royal College batsman Sineth Jayawardena are the favourites alongside Bangladesh to advance to the knockout stage as they face associate […]
- Trinity’s Dinuka selected for Under 19 Asian Cup (Category: Breaking News)
- St. Sebastian’s and Sangamitta Balika clinch ‘Super A’ team titles (Category: Breaking News)
- Gateway beat St. Joseph’s to win basketball championship (Category: Breaking News)
- Musaeus, Royal win Under 17 girls’ and boys’ tennis titles (Category: Breaking News)
by Harim Peiris As we approach the end of 2023 and with about a year to go for the next presidential election due before end 2024, President Ranil Wickremesinghe’s frequent refrain and indeed the rationale for his administration is the revival of the national economy after it was spectacularly destroyed by his predecessor’s administration, ironically […]
- UNDP and LKI Propose a ‘Blue Economy’ Approach for Sri Lanka’s Economic Development (Category: Breaking News)
- IMF should oppose restrictions on Freedom of Expression, Civil Society Groups (Category: Breaking News)
- Japan funds UNDP-led anti-corruption initiative, pledges about one million USD (Category: Breaking News)
- IMF Executive Board approves US$3 Billion under the Extended Fund Facility arrangement for Sri L... (Category: Breaking News)
Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB funding post-IMF approval – official appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
- Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- Asian Development Bank vows more help for crisis-hit Sri Lanka (Category: Breaking News)
- World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) together with the Foreign Employment Bureau (SLBFE), through licensed commercial banks, commenced popularizing the new ÂManusavi Migrant Worker Loan Scheme from Monday (Dec.04).
Hirun recalled after impressive performance for St. Joseph’s by Reemus Fernando Trinity College spinner Dinuka Tennakoon has found a place in the Sri Lanka Under 19 team for the upcoming Under 19 Asia Cup while St. Joseph’s College opener Hirun Kapurubandara has been recalled after being sidelined for the previous youth assignment. Left-arm spinner Tennakoon […]
- Sri Lanka Under 19s start Asia Cup campaign against Japan (Category: Breaking News)
- Richmond, Trinity clash for Under 19 Division I Tier ‘A’ cricket title (Category: Breaking News)
- Sri Lanka Under 19s tour UAE under Daniel’s captaincy (Category: Breaking News)
- St. Joseph’s have a slight edge over Trinity (Category: Breaking News)
Media Release 4th December 2023 The Sri Lanka Cricket Selection Committee selected the following 15-member squad to take part in the U19 Asia Cup, which will be played in Dubai. The squad was approved by the Honorable Minister of Sports and Youth Affairs, Harin Fernando. The team captained by Sineth Jayawardena will depart for the […]The post Sri Lanka squad for ACC Men’s U19 Asia Cup appear...
- Sri Lanka Squad for ICC Men’s U19 Cricket World Cup 2024 (Category: Sports)
- Jayasuriya dropped by Sri Lanka (Category: Breaking News)
- Jayasuriya dropped by Sri Lanka (Category: Breaking News)
- Jayasuriya dropped by Sri Lanka (Category: Breaking News)
[…]The post Climate Colonialism At CoP 28: Carbon Laundering Via Green Bondscams? appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean (Category: Breaking News)
[…]The post Resolving Systemic Debt Crises Needs A Paradigm Shift appeared first on Colombo Telegraph.
- IMF & Global Debt Crises (Category: Breaking News)
- Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table (Category: Breaking News)
- Lasantha Wickrematunge’s Assassination: Empty Promises Of Accountability (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
MMBL Money Transfer Services (Joint Venture between Aitken Spence and Mercantile Merchant Bank), the largest representative of industry giant Western Union in Sri Lanka, held an inauguration ceremony recently to celebrate its milestone of reaching its 3,000-payout outlet, located in Colombo -06. Mr. Jean Claude Farah, President, Middle East and Asia Pacific, Western Union; Ms. […]
- MMBL Money Master agents glow at ‘WU and YOU Sri Lanka 2011’ (Category: Business)
- CB refuses to renew money changing permits for Salaka and 14 others (Category: Breaking News)
- Material Recovery Facility commissioned in Negombo (Category: Breaking News)
- MMBL expands Western Union Money Transfers network with Softlogic Finance tie-up (Category: Business)
Israel has carried out intense air strikes on Khan Younis in southern Gaza, with residents describing it as the heaviest bombing of the war. People in eastern areas of the city have been told by the Israeli military to evacuate further to the south. Israel believes some Hamas leaders are in the city, where many […]
- WHO says Gaza’s al-Shifa hospital a death zone, as hundreds leave (Category: Breaking News)
- Hezbollah steps back from all-out war on Israel over Gaza – for now (Category: Breaking News)
- EU says starvation in Gaza being used as a weapon (Category: Breaking News)
- UN warns half of Gaza’s population is starving (Category: Breaking News)
What has been widely described as the “historic” Supreme Court judgment which by a majority 4-1 decision of a five-judge bench held the Rajapaksa brothers, Mahinda, Gotabaya and Basil and other unelected officials including two past Governors of the Central Bank, a former Secretary to the President, a former Treasury Secretary and some members of […]
- SLPP convention on Dec. 15 (Category: Breaking News)
- Two ex-Presidents say people will find it impossible to live under new VAT regime (Category: Breaking News)
- Mahinda pledges support for President Ranil (Category: Breaking News)
- No expectation of returning to power, says Mahinda Rajapaksa (Category: Breaking News)
[…]The post A Political Imperative appeared first on Colombo Telegraph.
- Ranil’s Perilous Authoritarian Alternative (Category: Breaking News)
- Futility Of “Ranilnomics” Without Systemic Change (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
- Economy, 13th Amendment & System Change (Category: Breaking News)
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon’s Rs 6 billion Debenture Issue, opening on December 12th 2023, a Commercial Bank press release said. The release adds: ‘The Bank has announced an initial issue of 60 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated […]
- ComBank raises Rs 12 bn. as Debentures are snapped up on opening day (Category: Breaking News)
- No takers for COMBank’s Rs. 1 b debenture (Category: Business)
- CSE commences trading for 2012 with three listings (Category: Business)
- COMBank takes debenture issue public (Category: Business)
By Hiran H.Senewiratne The investor sentiment at the Colombo Stock Exchange (CSE) was positive throughout yesterday due to the successful conclusion of external creditors’ bilateral agreement with the government on the external debt restructuring exercise, market analysts said. Due to these developments banking sector counters showed a significant improvement anticipating Rating Agencies would upg...
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- Some across-the-board sales at CSE following dampening of investor sentiment (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (Category: Breaking News)
- Lanka IOC and banking sector stocks propel bourse to positive trajectory (Category: Breaking News)
Heavy fighting has broken out across the Gaza Strip, as the Israeli military resumed combat operations against Hamas after efforts to extend the truce failed. The resumption of hostilities came at about 7am local time (05:00 GMT) on Friday, as the deadline for the end of the week-long pause passed. Israeli air strikes have been […]
- Hamas delays hostage release accusing Israel of breaking truce deal (Category: Breaking News)
- Israel-Hamas truce in Gaza extended for two days, Qatar says (Category: Breaking News)
- 14 Israeli hostages, 42 Palestinian prisoners to be released today under truce deal (Category: Breaking News)
- Netanyahu, Hamas chief indicate deal on Gaza truce and hostages is close (Category: Breaking News)
In a significant move towards infrastructural development, the renovation of dilapidated rural roads across the country is planned to commence next week, Minister of Transport, Highways & Mass Media said on Thursday (November 30).The post Sri Lanka Secures Rs. 20 Billion from Asian Development Bank for Rural Road Renovations appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top S...
- All road users in Sri Lanka to pay a toll (Category: Breaking News)
- Fortune Lanka Tours and Travel handles Japanese group (Category: Business)
- Interconnected (Category: Business)
- Sri Lanka to commence new rural development programme (Category: Breaking News)
[…]The post Responsible Investment Of Borrowed Money; Could This Be A Way Forward? appeared first on Colombo Telegraph.
- Responsible Investment Of Borrowed Money: Could This Be A Way Forward? (Category: Breaking News)
- An Attempt To Prioritise National Needs (Category: Breaking News)
- On “Reaching For The Stars” & Some Troubling Issues (Category: Breaking News)
- Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices (Category: Breaking News)
Minister of Transport and Highways and Minister of Mass Media Dr Bandula Gunawardena at a press briefing held at the Presidential Media Center today (30) said that the earliest Sri Lanka can recover from bankruptcy is in 2027, at which time it is envisaged that the countries foreign reserves which stand at USD 3.5 billion […]
Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The post IMF says Sri Lanka debt deal could help board clear first bailout review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF board approves first review of Sri Lanka’s nearly $3 billion bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
By Hiran H. Senewiratne The trading activities at the Colombo Stock Exchange witnessed a positive trend yesterday after a negative streak in the past few days, following the much anticipated debt restructuring deal between Sri Lanka and its official creditors. “The Official Creditor Committee (OCC) and Sri Lanka agreed on the main parameters of a […]
- CSE wraps up the week on a positive note (Category: Breaking News)
- Treasury Bill rate hikes notably as investors switch to govt. securities (Category: Breaking News)
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- CSE indices hike to record levels; turnover touches Rs. 4.17 billion (Category: Breaking News)
Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.The post Sri Lanka needs $100 billion to become net zero emitter by 2040, president says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka needs $100 billion to become net zero emitter by 2040, president says (Category: Breaking News)
- Govt. allocates 600 acres for proposed International Climate Change University (Category: Breaking News)
- President Calls for Unified Environment, Climate Change Law at Sri Lanka Climate Summit (Category: Breaking News)
- President Wickremesinghe warns of climate crisis and unveils ambitious plans (Category: Breaking News)
Economic conditions and challenges prevailing last year have moderated somewhat, given the steadfast approach by policy makers and regulatory authorities towards economic recovery. We appreciate their efforts, and our results bear testimony to the progress made. Nevertheless, the road ahead remains challenging. A meaningful government budget, continued success of the IMF program, general price sta...
- ‘Sampath Bank maintains a strong value proposition to all its stakeholders amidst ongoing econom... (Category: Breaking News)
- Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023 (Category: Breaking News)
- Pan Asia Bank ready to leverage on economic revival amidst external challenges; posts steady 1H ... (Category: Breaking News)
- Pan Asia Bank posts steady performance during FY 2023 – (Category: Breaking News)
SLPP leader Mahinda Rajapaksa yesterday (28) hit back at critics, claiming that a robust economy had been built under his presidency. He said the UNP-SLFP government which ruled the country during the 2015-2019 period should be held responsible for the current economic crisis. The following is the text of a statement, titled ‘the origins of […]
- Sri Lanka Shippers’ Council perturbed by rescinding of Gazette No. 2014/10 of Oct. 2017 (Category: Breaking News)
- The Origins Of Sri Lanka’s Economic Crisis (Category: Breaking News)
- Ceylon Chamber identifies opportunities in Brazil during FIFA 2014 and Olympics 2016 (Category: Business)
- Expo 2014 coming next (Category: Business)
By Rathindra Kuruwita The Cabinet of Ministers has approved the signing of a loan agreement with the Asian Development Bank to borrow 60 million US dollars to complete the Integrated Road Investment Program (IRIP), cabinet spokesman Bandula Gunawardena told reporters on Tuesday. Addressing a press conference, Gunawardena said the IRIP was implemented using loan funds […]
- IMF final review discussion with President today (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
- U.S. commits USD 40M loan to support small businesses, empower Sri Lankan women (Category: Breaking News)
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