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[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A year after India overtook China to become the world’s most populous country, its rapid upward economic trajectory and increasing diplomatic, scientific and military weight make it an emerging superpower of ever-growing importance to the United States and the world. Indian Prime Minister Narendra Modi addressed Newsweek’s written questions and followed up with a 90-minute […]
WB: Sri Lanka needs ‘robust and credible structural reforms’ Poverty in Sri Lanka has increased over the past four years, from 11 percent in 2019 to 26 percent in 2024, and the country needs ‘robust and credible structural reforms,’ says the latest report released by the World Bank. The WB report, titled ‘Sri Lanka Development […]
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
By N Sathiya Moorthy It is inevitable that in the heat of an electoral battle, neighbours get mentioned, if not hurt. It is election time in India, to be followed by one or two in Sri Lanka – for the presidency and Parliament, though which would come first is known only to Mr God and President […]
Representatives from Sri Lanka’s business community, government, and the finance sector convened in Colombo to discuss the mix of policies, financial mechanisms and technologies, crucial for propelling the country’s industrial decarbonization and economic recovery. This event is the second edition of the Industry Dialogue organized by the European Union (EU)-funded Accelerating Industries’ Climate...
Fuel prices in Sri Lanka have been revised with effect from April 1, 2024.The post Sri Lanka revises fuel prices from April 1, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
China has said it would continue to support Sri Lanka, as the crisis-hit island nation’s prime minister on Saturday wrapped up a visit to Beijing to try to finalise a debt restructuring deal.The post China reaffirms financial support for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
In the wake of vessel re-routings, aimed at avoiding the Red Sea, bunker demand across ports in both India and Sri Lanka has witnessed a significant surge, highlighting a growing challenge for the maritime industry. While India contends with supply shortages, Sri Lankan ports are experiencing a notable increase in activity. According to S&P Global […]
The bodies of two people have been recovered from a red pickup truck, which was under water where the Baltimore bridge collapsed. Eight construction workers were on the bridge when a ship struck it, plunging them into the waters below. Two of the workers were rescued on the day, but the search continues for the […]
At least five Sri Lankans have reportedly been killed so far while fighting in the Ukraine-Russia war, according to Al Jazeera. In the latest incident, Nipuna Silva, a Sri Lankan soldier who quit his army position to fight for Russia in Ukraine due to better pay, is believed to have been killed on the front line.The post Sri Lankan soldier Nipuna Silva among latest victims in Ukraine-Russia confli...
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF […]
By Shamindra Ferdinando By the time President Gotabaya Rajapaksa had arrived in Singapore in the second week of July 2022, a few days after fleeing Sri Lanka, he firmly believed that then Prime Minister Ranil Wickremesinghe was the only person capable of restoring the rule of law in the country. In the chapter titled ‘The […]
[…]The post Climate Justice: Time For The Global South To Unite appeared first on Colombo Telegraph.
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
[…]The post Time For Truth Telling appeared first on Colombo Telegraph.
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Fuel prices in Sri Lanka have been revised with effect from March 05, 2024.The post Sri Lanka revises fuel prices from March 05, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
India has taken note of an increase in investments in Sri Lanka as well as other countries in the region. India’s External Affairs Minister S Jaishankar, in a veiled dig at Maldives President Mohamad Muizzu for his comment earlier this year, said that big bullies do not offer $4.5 billion aid or vaccine or food […]
[…]The post Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinians Under Zionist Occupation – Part III appeared first on Colombo Telegraph.
Sri Lanka is deeply troubled about the death of over hundred people who were waiting to receive aid in Gaza and joins the call for investigation into the incident. The latest incident underscores the immediate need to end the blockade imposed on Gaza, depriving its civilian population, including women and children, of access to basic […]
Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]
As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]
Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]
Under Secretary of State for Public Diplomacy Elizabeth Allen on Monday (19) declared US support for journalists here against the backdrop of enactment of ‘Online Safety Bill’ She spokes about press freedom and related issues at the Sri Lanka Press Institute Press Club. A statement issued by the US Embassy quoted Allen as having said […]
Depts. of Catering and Housekeeping and Admin. account for more than 50% of total employees By Shamindra Ferdinando Chief of Staff and Deputy Secretary General of the Parliament G.K.A. Chaminda Kumara Kularatne said that the Parliament was not aware of the basis Chief Government Whip Prasanna Ranatunga, MP, declared that a day’s proceedings cost Rs […]