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Sri Lanka’s tentative recovery from its worst economic crisis could be stalled by presidential elections due later this year, the island nation’s central bank chief warned on Tuesday. Months-long shortages of food, fuel and medicines culminated in Sri Lanka defaulting on its foreign debt in 2022 and angry protests that led to the ouster of […]
- China to help conclude debt restructuring process in Sri Lanka (Category: Breaking News)
- President insists he is not a dictator (Category: Breaking News)
- Several students injured after tow buses crash in Ampara (Category: Breaking News)
- Former Sri Lanka captain Arjuna Ranatunga gets on SJB stage (Category: Breaking News)
India has delivered the first batch of medium-range, supersonic BrahMos cruise missiles – that can be launched from land, sea and air – to the Philippines. Brahmos is one of the most lethal weapons in its category. They will be deployed in the South China Sea to resist Beijing’s unrelenting and unilateral aggression in violation […]
- Resource Conflict (Category: Business)
- Ignoring China’s Ultimatum, Philippines To Hold Drills With Australia, Japan & US In Disputed So... (Category: Breaking News)
- Two Chinese vessels shadowed Philippine, US ships – Philippine military (Category: Breaking News)
- Phillipines’ bold response to aggressive China in the South China Sea (Category: Breaking News)
by Jayasri Priyalal Jayasripriyalal59@gmail.com The greatest challenges confronting the nation-states in the current era revolve around; deplorable debt, depleted natural resources, and degraded environment. Economic growth and future prosperity for all living beings are stalled due to the varying degrees of the 3D problems emerging out of ill-conceived policy divergences propelling the linear eco...
- IMF Must Become More Than Just A Debt Collector For Private Creditors (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- A survival strategy amidst geopolitical rivalry (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
[…]The post Pointless Debate On The Economy When Issue At Hand Is Much Broader appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
[…]The post Presidential Election Debate Continues appeared first on Colombo Telegraph.
- AKD & The JVP-NPP Should Tick All The Boxes To Win, Not Risk A Third Defeat (Category: Breaking News)
- May Day Thoughts: Political Economy Of The Ranil-SLPP-SLFP-UNP-SJB Convergence (Category: Breaking News)
- Ranil’s Last Hurrah For A New Parliament In March (Category: Breaking News)
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
Iranian Agriculture Minister Mohammad-Ali Nikbakht has stressed the need to further expand cooperation with Sri Lanka in trade and agriculture. Last year, Iran imported over $70 million of products, especially tea and coconut, from Sri Lanka, Nikbakht has pointed out, IRNA wrote. Importing tea from Sri Lanka, through a barter mechanism, is a proper step, […]
- Tight security during Iranian President’s visit to Colombo (Category: Breaking News)
- Iran’s President to visit Sri Lanka and launch several water projects (Category: Breaking News)
- Iran’s President offers to contribute to Sri Lanka’s progress (Category: Breaking News)
- Iran and Sri Lanka to sign 5 MoUs during Ebrahim Raisi’s visit (Category: Breaking News)
The International Monetary Fund (IMF) wants Sri Lanka to work on governance issues and to also stick to the IMF supported program. Krishna Srinivasan, IMF Director of the Asia and Pacific Department noted that Sri Lankans faced a very difficult challenge when they embarked on the IMF program. “And so far, what we’ve seen is […]
- IMF does not support providing subsidies to everyone in Sri Lanka (Category: Breaking News)
- IMF confident Sri Lanka can be put on the path to prosperity (Category: Breaking News)
- Sri Lanka can be on path to prosperity if debt sustainability achieved – IMF (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial assistance. Late on Monday night, Pakistan’s Ministry of Finance […]
- Total foreign loans rise to $2.8bn in July (Category: Breaking News)
- China furious with Pakistan over delayed implementation of CPEC projects (Category: Breaking News)
- Former Pak Finance Minister Miftah Ismail says things to ‘remain tight for a while’ on economic ... (Category: Breaking News)
- Why is Pakistan a misfit for BRICS? (Category: Breaking News)
By Khalid Hamoud Alkahtani The Kingdom of Saudi Arabia is hosting the first-ever special meeting of the World Economic Forum in the capital, Riyadh, which will discuss many important issues such as international cooperation, growth, and energy during the period 28th -29th April 2024. This event is one of the outcomes of the cooperation agreement […]
- Foreign Minister to attend special meeting of World Economic Forum in Riyadh (Category: Breaking News)
- Sri Lanka’s Foreign Minister to attend Riyadh meeting (Category: Breaking News)
- India-Saudi ties promise shared growth, security, stability, says Jaishankar (Category: Breaking News)
- As US watches on, China-Saudi relations grow in importance (Category: Breaking News)
The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus
- World Bank commends Sri Lanka s progress on fiscal, financial and economic governance reforms (Category: Breaking News)
- President reveals govt s action plan for socio-economic reforms and accelerated development (Category: Breaking News)
- Govt ready to make ongoing economic reforms a law  State Minister tells IMF (Category: Breaking News)
- Sri Lanka needs strong new economic system, not reforms - President (Category: Breaking News)
[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- Has The Economy Been Assassinated & If So, Who Were The Assassins? (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- Iran-Israeli Tit For Tat, India’s Vote Marathon & Lanka’s Long Election Eve (Category: Breaking News)
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- 03/12/2010 14:45 INDIA – CHINA – SRI LANKA Chinese aid to Sri Lanka could lead to conflict (AsiaNe (Category: Breaking News)
- Sri Lanka: Chinese companies begin road extension work in Jaffna (Category: Breaking News)
- Rock slows Sri Lanka port project (Category: Breaking News)
- Sri Lanka pins hopes on China-funded port (Category: Breaking News)
The stock market serves as a nexus where millions of buyers and sellers converge to engage in transactions. At its core, each transaction represents an agreement between a buyer and a seller, with the central element being the price. This price is not static; it fluctuates continuously, reflecting the equilibrium between supply and demand. The […]
- Should you invest in the stock market now? (Category: Breaking News)
- Insider trading: Good, bad or ugly? (Category: Business)
- Real potential of the Colombo stock market (Category: Business)
- MBSL expands investment management services on a regional level (Category: Business)
[…]The post Justice Does Not Require A Mandate But A New Government appeared first on Colombo Telegraph.
- A Warning To Be Heeded (Category: Breaking News)
- Accountability Issues & Human Rights Cannot Be Glossed Over (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part II appeared first on Colombo Telegraph.
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Putin’s Last Stand (Category: Breaking News)
[…]The post Debt, Divestiture & Discontent appeared first on Colombo Telegraph.
- RW’s Plea In Paris & Predicament At Home (Category: Breaking News)
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]
- ‘Recognizing, Inspiring and Strengthening’ SL’s exporters (Category: Breaking News)
- Brandix excels at export awards (Category: Breaking News)
- Dollars and conscience (Category: Breaking News)
- Why record export earnings may not be good news (Category: Breaking News)
The Samagi Jana Balawegaya (SJB) has urged the government to maintain transparency in the ongoing debt restructuring process as national elections are around the corner and that the next government will have to honour the conditions agreed upon by the incumbent administration. The SJB said so soon after the government of Sri Lanka rejected international […]
- Harsha accuses govt. of being secretive about debt negotiations with international commercial cr... (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- Sajith tells President to get facts right (Category: Breaking News)
- Kiriella: Rule of law should be restored for investors to come (Category: Breaking News)
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 confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.
- Conundrum Of Elections & IMF Programme (Category: Breaking News)
- Legitimacy Deficit Haunts Government (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
- Elections & Economic Recovery (Category: Breaking News)
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
[…]The post Undemocratic Rule Of Modi’s India Is A Security Threat To South Asia appeared first on Colombo Telegraph.
- Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt (Category: Breaking News)
- Rise Of Ultranationalism & Elections, Tamil Nationalism & Resurrection Of LTTE Ideology In Sri L... (Category: Breaking News)
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- Lanka Asymptomatic; US At ICU; India Near Morgue; Deadly Everywhere: Can The Authoritarian Pande... (Category: Breaking News)
Singapore – One of the world’s most open economies is attempting a delicate balancing act. On the one hand, the Southeast Asian city-state wants to lure the world’s best and brightest to bolster its workforce, one of Asia’s most diverse. On the other hand, it has to assure locals competing with foreigners for jobs that […]
- “Go Gota Go” = Abolish EP (Category: Breaking News)
- EP Governor refuses to budge despite threat from monks (Category: Breaking News)
- Over 70 percent of foreign funded projects implemented in EP (Category: Breaking News)
- Teacher transfer scheme reactivated in EP (Category: Breaking News)
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.
- ICJ Ruling On Israeli Genocide In Gaza; Stopped Short Of Ordering A Ceasefire (Category: Breaking News)
- Middle East Conflict: Why We Should Support Israel? (Category: Breaking News)
- Isn’t It Time For Sri Lanka To Expel Israelis? (Category: Breaking News)
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe emphasized the government’s commitment to leading Sri Lanka towards prosperity by 2048 through transformative changes in modern agriculture, tourism, and the energy sector.The post Sri Lanka President calls on youth to lead nation forward through Government initiatives appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USDA official collaborates with Sri Lankan President to advance dairy modernization (Category: Breaking News)
- Sri Lanka and Iran sign five agreements to boost bilateral relations (Category: Breaking News)
- Ranil Wickremesinghe named as next candidate of UNP for Presidential Election 2024 (Category: Breaking News)
- Sri Lanka President’s 2023 New Year Message (Category: Breaking News)
LOLC Finance PLC, Sri Lanka’s premier Non-Banking Financial Institution (NBFI), has once again set a remarkable milestone in the digital finance landscape by clinching an outstanding five gold awards at the prestigious Lankapay Technnovation Awards 2024. This exceptional achievement fortifies LOLC Finance’s utmost expertise and innovation in the realm of digital financing, further emphasizing its ...
- DFCC Wins 1st Gold Award at LankaPay Technovation Awards for Commitment to Financial Inclusion (Category: Breaking News)
- ADB names ComBank its ‘Leading Partner Bank’ in Sri Lanka for 3rd year (Category: Breaking News)
- ICC Sri Lanka celebrates the Most Admired Companies of 2022 (Category: Breaking News)
- MCA Six a Side Tournament at Galle International Stadium (Category: Breaking News)
[…]The post Brahmins Demand A Debate On Debt appeared first on Colombo Telegraph.
- Cockiness; What Price? (Category: Breaking News)
- Ballad Of A Sad Trumpet (Category: Breaking News)
- A Painted Ship In A Painted Ocean (Category: Breaking News)
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena, has stressed that any alteration, even as small as one-tenth, to the on-going government program spearheaded by President Ranil Wickremesinghe could pose a significant threat to the stability of the country once more. Despite numerous reports indicating an increase in poverty among the country’s most vulnerable, the minister ...
- The economic crisis can only be solved through the implementation of a comprehensive, long-term ... (Category: Breaking News)
- Sri Lanka to strengthen the poverty alleviation program, extend benefits to more families (Category: Breaking News)
- Targets for 2024 are 2.2million tourists and US$ 4billion in revenue – Minister of Tourism (Category: Breaking News)
- .Economic growth rate to be increased to 8 percent (Category: Breaking News)
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