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Sri Lanka's new government will release the 2023 budget on Monday focused on boosting revenue, implementing tax reforms and fiscal consolidation to secure an IMF bailout package to help the country recover from its worst financial crisis in decades.The post Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track appeared first on Sri Lanka News - Latest Breaking News in Sri Lank...
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s president to cut spending in interim budget (Category: Breaking News)
Unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences, President Ranil Wickremesinghe said addressing the COP27 Climate Change Conference in Sharm El-Sheikh, Egypt.The post Developing countries worst affected by rising emissions from industrialized world and must be compensated – President appeared first on Sri...
- Sri Lanka has initiated an action plan to ensure a Green Economy by 2050 – President (Category: Breaking News)
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- Sri Lanka President issues strong statement after COP27 Conference (Category: Breaking News)
- Sri Lanka President launches International Climate Change University at COP28 (Category: Breaking News)
with severe shortages of essentials including food, fuel and medicines.The […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation dips to 4.6%: Dept. of Census and Statistics (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
[…]The post Sri Lanka: Strategizing Economic Recovery appeared first on Colombo Telegraph.
- Sri Lanka: No Light Yet At The End Of The Tunnel (Category: Breaking News)
- Sri Lanka: Surviving The 75th Year Of Independence (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Politics Of Protests (Category: Breaking News)
Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.The post Sri Lanka holds debt restructuring talks with bilateral creditors appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s creditor nations to meet despite uncertainty on China (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
[…]The post Journey Through The Rotten Bridge For The Reforms Of Government Expenditure appeared first on Colombo Telegraph.
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Why The Sri Lankan Rupee Is Appreciating (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Interim Budget 2022: Transformation Of The Economic Direction Of The Country (Category: Breaking News)
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.The post Hundreds march in crisis-hit Sri Lanka protesting tax hikes, crackdowns appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
- Police fire tear gas at protestors in Maradana (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
- Sri Lanka’s government employees to protest demanding Rs. 20,000 salary hike (Category: Breaking News)
- Police secures court order to block NPP protest planned for today (Category: Breaking News)
By Rebecca Bundhun India’s economy and equity markets are outperforming most of their global peers. Despite a slew of challenges including macroeconomic headwinds stemming from Russia’s war in Ukraine, elevated crude oil prices and tightening liquidity globally, the growth story of Asia’s third-largest economy remains intact. “The Indian economy and equity markets proved to be [&...
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- ‘India is in a sweet spot for the next few years’ (Category: Breaking News)
- Apparel producers decry 400% off-peak electricty price hike (Category: Breaking News)
[…]The post President Says ‘Raising Direct Taxes Inevitable To Reach IMF Goals’ – A Response appeared first on Colombo Telegraph.
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- President Sets Macro Economic Fundamentals: A Point Of View (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
Sri Lanka’s worst post-war economic crisis represents a major blow to the country’s progress towards achieving the United Nations’ Sustainable Development Goals (SDGs), efforts that were already hobbled by the COVID pandemic. However, the situation is also providing impetus to the work of academics that are using their knowledge to tackle the immediate fallout from […]
- India assures continued support for SL at Creditors’ Committee along with Japan and Paris Club (Category: Breaking News)
- Lanka eyes December bailout, IMF says timing hard to predict (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- World Bank approves $150 Mn to strengthen Lanka’s financial sector (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 appeared first on Colombo Telegraph.
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Child’s Guide To Ranilnomics: Buddha’s Prescriptions On Governance (Category: Breaking News)
- Child’s Guide To Ranilnomics: Need Is Going For IMF Plus (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk
- Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space – IMF (Category: Breaking News)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Recession risk unless oil prices fall further (Category: Business)
- World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession (Category: Breaking News)
By Meera Sirinivasan As Sri Lankans continue braving their worst economic crisis since Independence, urban poverty on the island has tripled in the last year, from 5% to 15 %, according to a recent World Bank report.Sri Lanka is experiencing “its highest poverty rate since 2009 [when the civil war ended], and an erosion of […]
- MONLAR flays international lenders and govt., for making 5.3 mn Lankans food insecure (Category: Breaking News)
- Harsha sheds light on growing poverty crisis (Category: Breaking News)
- Poverty, Aswesuma and food security (Category: Breaking News)
- Asia, Pacific policymakers gather in Colombo to review lessons learnt from pandemic and environm... (Category: Breaking News)
By SHIHAR ANEEZ Leaving his family and relatives was the hardest decision for Suren. But he had no other option.He never wanted to go abroad for work. An accountant by profession, Suren even had the opportunity to be promoted for a higher post at the private firm he was working at in Colombo. But he was […]
- Half of Lankan families reducing children’s food intake as country slips further into hunger cri... (Category: Breaking News)
- Sri Lankans migrate, work over time, eat less to beat inflation (Category: Breaking News)
- Above 18 voters should open tax files – State Minister (Category: Breaking News)
- National committee to set up to fight campus ragging (Category: Breaking News)
Sri Lanka's National Consumer Price Index (NCPI) rose to a new high of 73.7% in September from a year earlier, quickening from 70.2% in August, the statistics department said.The post Sri Lanka consumer inflation hits record 73.7% in September appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- CCPI based inflation drops to 66% in October (Category: Breaking News)
- Sri Lanka’s inflation slows down to 70.6% in October 2022 (Category: Breaking News)
- Sri Lanka’s Inflation may turn a corner this month as prices appear to have peaked (Category: Breaking News)
- Sri Lanka’s national consumer price inflation eases to 65% in November (Category: Breaking News)
We will give our storage facilities and pipelines for a fee.
- Gas muzzlers (Category: Technology)
- Why 'feed' a car? (Category: Technology)
- 'Miracle material' (Category: Technology)
- Gas Only (Category: Business)
Sri Lanka’s 70% inflation is hitting its peak as crippling shortages ease and bailout funds look within reach, yet it’s far from putting the central bank governor at ease.The post Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
Weekend power cuts reduced with rain
- Wind causes power cut (Category: Australia, Tasmania )
- Riddle of big power failure (Category: Australia, Tasmania )
- Sri Lanka to maintain 2.5 hour power cut until Norochcholai fully operates (Category: Breaking News)
- Power cuts continue tomorrow - CEB (Category: Breaking News)
Sri Lankan lawmakers began debating a proposed constitutional amendment on Thursday that would trim the powers of the president, a key demand of protesters who are seeking political reforms and solutions to the country’s dire economic crisis.The post Sri Lankan lawmakers debate bill to trim presidential powers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka introduces reform bill to clip presidential powers (Category: Breaking News)
- Sri Lanka President declares open Third session of Ninth Parliament (Category: Breaking News)
- Sri Lanka bill to trim president’s powers likely to become law within weeks – Minister (Category: Breaking News)
- Sri Lanka President prorogues Parliament (Category: Breaking News)
By Hiran H. Senewiratne The CSE’s business sentiment was impaired yesterday following the Central Bank raising Rs 16 billion out of a required Rs 75 billion via Treasury Bills at a weekly auction, which amounted to just 22 per cent of the total issued on the previous day. Besides, President Ranil Wickremesinghe’s public statement on […]
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (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)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
[…]The post Continuing Corruption: Begging IMF: Increasing Taxes appeared first on Colombo Telegraph.
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- Corruption & Lack Of Common-Sense; Presidential Brutalities (Category: Breaking News)
- Government-Sponsored Terrorism In Sri Lanka (Category: Breaking News)
- Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue (Category: Breaking News)
Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.
- Lankans migrate, work over time, and eat less to beat inflation (Category: Breaking News)
- Half of Lankan families reducing children’s food intake as country slips further into hunger cri... (Category: Breaking News)
- Female applicants for the vacant executioner position in Sri Lanka (Category: Breaking News)
- "Operation Colombo" plan of Rajapaksa has political and economic components (Category: Breaking News)
The losses up to June exceeds Rs600bn
- Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits (Category: Breaking News)
- Power Minister reveals the main reasons for CPC losses (Category: Breaking News)
- Private bus operators seek millions in compensation from Sri Lanka petroleum distributor (Category: Breaking News)
- CPC Still Running At A Loss (Category: Breaking News)
Tax hike proposals have dragged the index
- Sri Lanka’s NTB profits down 12-pct in March quarter (Category: Breaking News)
- Sri Lanka’s People’s Leasing net down 37-pct in March (Category: Breaking News)
- Sri Lanka’s Haycarb March net up on forex gains (Category: Breaking News)
- Sri Lanka sells Rs80bn in mostly 3-month bills, down 18bp (Category: Breaking News)
[…]The post Ranil-Rajapaksa: The Bells Shall Toll For The ‘Hilters’ Of Our Time! appeared first on Colombo Telegraph.
- With Impunity Remaining Normalised, What Hope For Sri Lanka? (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! (Category: Breaking News)
- ‘Endangering National Security’ – A Trojan Horse To Erode Human Rights! (Category: Breaking News)
Group A-W will have 1 hour and 20 minutes power cut during the night.
- No power cuts until further notice (Category: Breaking News)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Ancient Values Influence Behaviour Centuries Later (Category: Breaking News)
- The Ugly New Face Of Terrorism (Category: Breaking News)
A country’s security is not only ensured militarily but is also secured through food and economic security, Sri Lankan President Ranil Wickremesinghe emphasised.The post A country’s security is not only militarily but economic and food security as well – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Everyone should unite to make food security program a success – President (Category: Breaking News)
- Ready to intervene at any time to ensure food, economic security - President (Category: Breaking News)
- Initial steps taken through budget to strengthen economy under five-year plan – President (Category: Breaking News)
- Step out of traditional politics and fulfil moral responsibility – President (Category: Breaking News)
by Neville Ladduwahetty During the course of his address, as Chair of the 55th Annual meeting of the Asian Development Bank, Sri Lanka’s President, Ranil Wickremesinghe, said, “As they say, in many of our countries, when the elephants fight, it is the grass that is crushed”. As far as Sri Lanka is concerned, its strategically […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- IMF chief says debt situation in Sri Lanka no longer sustainable (Category: Breaking News)
- IMF chief pleased with deal reached to support Sri Lanka (Category: Breaking News)
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