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Sri Lanka is showing first signs of recovery as it finds itself in an election year, and therefore, what happens before the elections as well as after them will be crucial for the economic recovery in Sri Lanka, IMF’s Senior Mission Chief, Peter Breuer said on Friday. He said so at a press briefing held […]
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- World Bank’s IFC emphasizes private sector engagement in crisis-hit Lanka’s growth (Category: Breaking News)
- Sri Lanka’s debt negotiations stall over GDP growth projections and repayment terms – Nishan de ... (Category: Breaking News)
- India promises further support (Category: Breaking News)
China’s consumer price index (CPI) fell by 0.3 per cent year on year in December, marking a third consecutive monthly decline amid fears of deflationary risks Concerns have risen that China is facing similar issues to Japan’s so-called lost decades of stagnation China’s falling consumer prices in the fourth quarter have plunged full-year inflation to […]
- China has fallen into a psycho-political funk (Category: Breaking News)
- VAT increase could cause inflation to hit 7 percent in January – CBSL Governor (Category: Breaking News)
- CCPI based headline inflation increases in November 2023 (Category: Breaking News)
- Qatar inflation hits 20-month high in Aug (Category: Business)
The Lakshman Kadirgamar Institute (LKI) hosted a panel discussion ‘Sri Lanka as a Destination: From Antiquity to Modernity’ as part of its outreach activities to promote ‘Cultural Diplomacy’ in Koggala on Saturday (13 January 2024). Held with the Indian Ocean as the backdrop at the Long Beach Hotel, Koggala, this interactive discussion was organized as […]
- Dinara, Methwan, Achinthya to fight for final spots today (Category: Breaking News)
- 2024: An election year and global trends (Category: Breaking News)
- Foreign policy quagmire (Category: Breaking News)
- Kevum,Krida , and Kade : Avurudu in Colombo (Category: Breaking News)
[…]The post Election ’24: Rajapaksa Implosion & Ranil’s Red Sea Meddling appeared first on Colombo Telegraph.
- Election Hustling In The South & Boycott Talk In The North (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- Electing A President: Three Against One In The US & Three Against Three In Sri Lanka (Category: Breaking News)
- Elections Season & JVP/SJB Options (Category: Breaking News)
Pakistan and Iran have agreed to “de-escalate” tensions after an exchange of missile and drone attacks this week raised fears of further instability in the region, Islamabad said. Pakistan’s Foreign Minister Jalil Abbas Jilani and the foreign minister of Iran, Hossein Amir-Abdollahian, spoke via phone on Friday, Pakistan’s foreign ministry said in a statement. “The […]
- Gunmen kill nine Pakistani nationals in southeastern Iran (Category: Breaking News)
- Pakistan foreign minister to attend Shanghai Cooperation Organization’s meet in India (Category: Breaking News)
- Iran launches air attack on Israel, with drones ‘hours’ away (Category: Breaking News)
- Yemen’s Houthis warn they will target all Israel-bound ships in Red Sea (Category: Breaking News)
The economic reform programme, implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves, the IMF has said. Staying the course on the reform agenda is necessary for this stabilization […]
- Govt. ponders domestic debt optimisation operation (Category: Breaking News)
- IMF Deputy MD: Lanka’s economy showing tentative signs of improvement, but recovery remains chal... (Category: Breaking News)
- IMF sees “tentative signs of improvement” of Lankan economy (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
An International Monetary Fund (IMF) mission team led by Mr. Peter Breuer visited Sri Lanka from January 11 to January 19, 2024 to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the EFF arrangement.The post IMF staff concludes visit to Sri Lanka saying debt agreements with creditors critical appeared first on ONLANKA - Sri Lanka Latest ...
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
by Dr Amali Wedagedara In Sri Lanka, public policy lost in the neoliberal haze treats the market as a cure for all ills. Not only is the market omnipresent, but it is also omniscient and omnipotent. The charm of the ‘market’ that research and advocacy lobbyists are creating is so alluring that only a few […]
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Taming the ‘monsters’ (Category: Business)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Sri Lanka’s crisis seen as highlighting lessons from Greece (Category: Breaking News)
[…]The post Minorities & System Change appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- Monk’s Imprisonment: Aragalaya Victory No. 2 (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Aragalaya, Political Buddhism & Ranilocracy (Category: Breaking News)
Chairman of the United National Party, Member of Parliament Wajira Abeywardena during a media briefing held at the Presidential Media Center (PMC) on Tuesday (16), said that the main purposes for President Ranil Wickremesinghe to get the Regulation of Election Expenditure Act No 3 of 2023 passed in Parliament early last year was to track […]
By N Sathiya Moorthy The government’s decision to commit the Sri Lanka Navy (SLN) for patrol duties alongside the US-led ‘Operation Prosperity Guardian’ patrol of the Red Sea against Houthi attacks on ships belonging to what they perceive as pro-Israeli nations is something that Colombo can do without at the moment. Apart from the high […]
- 4 exciting city breaks in the Middle East (Category: Breaking News)
- Weapons found in Mullaittivu (Category: Breaking News)
- Ranil says Policemen can no longer drive his vehicle (Category: Breaking News)
- Three injured at shootout in Maligawatta this morning. (Category: Breaking News)
By M. Rodwan Abouharb Associate Professor in International Relations, UCL and Bernhard Reinsberg Reader in Politics, University of Glasgow Sri Lanka received a bailout from the International Monetary Fund (IMF) in March amid soaring inflation, debt and a sovereign default. In exchange for US$3 billion (£2.4 billion), the government committed to spending cuts and tax […]
- 2024: An election year and global trends (Category: Breaking News)
- Where have millions of USD invested in good governance and accountability projects et al gone? (Category: Breaking News)
- Costly UNDP ‘lessons’ for Parliament (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
[…]The post Economy 2024: More Challenging Than The Two Previous Years appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- The Magic 2048: What Is To Be Done To Make Ranilnomics A Reality? (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- SOE 2023: IPS Offers Some Inputs To Proposed Growth Lab (Category: Breaking News)
By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]
- Lanka needs a national liberation movement, not mere regime change:Anura Kumara Dissanayake (Category: Breaking News)
- R. Sampanthan: ‘We cannot go on like this’ (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- Minister warns of emerging racism ahead of elections (Category: Breaking News)
During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) on Thursday (11), the IMF congratulated the country on completing the first review under its program. The IMF highlighted the positive start of the program, recognizing the challenging reforms undertaken by Sri Lanka and their significant impact on the […]
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- Report Card (Category: Business)
- On Track (Category: Business)
- IMF applauds Sri Lanka’s significant progress in economic reforms (Category: Breaking News)
The International Monetary Fund (IMF) applauds Sri Lanka on significant progress in implementing economic reforms.The post IMF applauds Sri Lanka’s significant progress in economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- IMF says talks with Sri Lanka make significant policy progress (Category: Breaking News)
- IMF program is exhibiting promising signs of efficacy – IMF Mission Chief for Sri Lanka (Category: Breaking News)
Japan’s Finance Minister Suzuki Shunichi, called on Sri Lanka President Ranil Wickremesinghe at the Presidential Secretariat in Colombo on Thursday evening (January 11).The post Japan’s Finance Minister Suzuki Shunichi commends Sri Lanka’s economic advancements appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Japanese Finance Minister Shunichi Suzuki to visit Sri Lanka (Category: Breaking News)
- Japan’s Finance Minister Shunichi Suzuki to visit Sri Lanka in January (Category: Breaking News)
- Japan s Finance Minister commends Sri Lanka s economic advancements, commitment to reforms (Category: Breaking News)
- Japanese Finance Minister calls for talks on Sri Lanka (Category: Breaking News)
[…]The post Israel Versus Palestinians: Thank God For South Africa’s Boldness appeared first on Colombo Telegraph.
- ICJ Ruling On Israeli Genocide In Gaza; Stopped Short Of Ordering A Ceasefire (Category: Breaking News)
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
- Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinian... (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
[…]The post Homework For NPP appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- NPP Deserves Fairness From Critics (Category: Breaking News)
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- NPP & Its Critics (Category: Breaking News)
Sri Lanka's central bank is considering moving towards a single policy rate mechanism to ensure better signaling of its monetary policy stance, Governor P. Nandalal Weerasinghe said on Wednesday.The post Sri Lanka central bank to consider a single policy rate mechanism appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year.The post Japan urges early signing of debt MoU between Sri Lanka and creditors appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
By Sanath Nanayakkare When a country is in an economic crisis, it creates an environment conducive to implementing economic reforms which would be difficult to do in good times, however, it still depends on how far the reformist leaders can shape the opinion of the people and the people’s
- Sajith promises revolutionary economic reforms (Category: Breaking News)
- People must have confidence of ability to access Justice: Wijeyadasa (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- ADB country chief hopes Lanka could sustain policy reforms despite elections (Category: Breaking News)
By DEVENDRA SAKSENA Currently, the words ‘debt trap’ have a distinctly Chinese connotation. According to the Western press, the Chinese, as part of their geostrategy, have inveigled poor nations into borrowing huge amounts from them for fanciful infrastructural projects; almost all borrower countries are in dire economic straits, because most such projects are lying incomplete, […]
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- China leaves crisis-ridden Sri Lanka in the lurch to fend for itself (Category: Breaking News)
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- IMF China and debt-trap (Category: Breaking News)
[…]The post Is VAT, A Payment For Past Sins Or A Bitter Pill To Swallow? appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Why is Singapore dollar strong and SL rupee weak? (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
[…]The post Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties Abound appeared first on Colombo Telegraph.
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
- Is It 1848 Again? Unrest This Time Is Global (Category: Breaking News)
- A Bleak Forecast For 2024 & Beyond: Politics (Security), Economics & Military (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
by Neville Ladduwahetty What Sri Lanka has achieved since it declared itself insolvent is hailed by some with much optimism. The “relative stability” currently experienced is presented by the Governor of the Central Bank “as the outcome of a united effort from the outset” (The Island, December 26, 2023). The focus of that collaborative effort […]
- Sri Lanka Government revenue surges by 43.5%, yet expanding budget deficit spurs VAT hike (Category: Breaking News)
- Estimated Rs 1,400 bn, from VAT in 2024 (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
- A high-wire act (Category: Breaking News)
[…]The post Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy appeared first on Colombo Telegraph.
- Should The Central Bank Act Be Amended By A Future Government? (Category: Breaking News)
- Continuing With Tight Monetary Policy: Is The Central Bank Making A Mistake? (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
Sri Lanka President Ranil Wickremasinghe officially declared open the new headquarters complex of Sri Lanka Air Force (SLAF) in Akuregoda, Battaramulla on January 01, 2024.The post Sri Lanka President opens new Headquarters of Sri Lanka Air Force appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President joins the Defence Ministry’s New Year celebrations (Category: Breaking News)
- Princess Anne meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- Sri Lanka President says he will not tolerate any breach of law and order in the country (Category: Breaking News)
- U.S. Ambassador Julie Chung meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
A Cabinet Sub Committee appointed to propose solutions to the issues faced by Sri Lanka cricket, has called for accountability in the system. The report addressing issues in Sri Lanka’s cricket realm, prepared by the Cabinet Sub-Committee, was presented to President Ranil Wickremesinghe. Minister of Foreign Affairs Mr. Ali Sabri, PC, who chairs the committee, […]
- Sri Lanka appointed a cabinet sub-committee to look into activities of Sri Lanka Cricket (Category: Breaking News)
- Cabinet approval mandatory to appoint cricket interim committee (Category: Breaking News)
- Court issues stay order on Sri Lanka Cricket’s Interim Committee (Category: Breaking News)
- Court issues interim order against selling shares of SLT, Lanka Hospitals (Category: Breaking News)
The report addressing issues in Sri Lanka’s cricket realm, prepared by the Cabinet Sub-Committee, was presented to President Ranil Wickremesinghe today (01). Minister of Foreign Affairs Ali Sabri, PC, who chairs the committee, handed over the report. Notably, this report was swiftly completed within a brief span of one and a half months following the […]
- Chitrasiri Committee report on new constitution for Sri Lanka Cricket to Cabinet Sub-Committee (Category: Breaking News)
- Cabinet Sub Committee appointed to resolve Sri Lanka cricket issues presents it report to Presid... (Category: Breaking News)
- Sri Lanka appointed a cabinet sub-committee to look into activities of Sri Lanka Cricket (Category: Breaking News)
- Cabinet sub-committee appointed to look into Sports Minister’s gazette (Category: Breaking News)
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