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Hatch has joined forces with Draper Startup House to unveil Colombo’s first-ever co-living space. The space marks the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during his recent visit to Sri Lanka. Through this initiative, Hatch serves to encourage digital nomad […]
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
Samagi Jana Balawegaya (SJB) Patali Champika Ranawaka has written to the International Monetary Fund (IMF) office in Sri Lanka, questioning whether the recently introduced electricity tariffs and the fuel price hike is in accordance with the IMF criteria.
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]
President Ranil Wickremesinghe today revealed China’s refusal to agree to the same conditions placed by India and the Paris Club when restructuring Sri Lanka’s debt. He said that the International Monetary Fund (INF) had proposed that all of Sri Lanka’s main creditors reach a consensus on restructuring Sri Lanka’s debt. Wickremesinghe said that while the […]
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
ISLAMABAD: In order to fulfill another International Monetary Fund’s (IMF) prior condition, the government on Monday approved hiking of gas tariff for domestic, bulk, commercial, export-oriented industries and CNG sector in the range of 17 to 112 percent for different categories. To generate revenues of Rs310 billion for two giant gas utilities including the Sui Northern Gas […]
President Ranil Wickremesinghe says a loan under the International Monetary Fund (IMF) Extended Fund Facility (EFF) is expected to be received in March. He expressed these views during a meeting held with small and large-scale rice mill owners at the Presidential Secretariat, the President’s Media Division said today. The IMF had said last week that […]
Sri Lanka President Ranil Wickremesinghe said under the International Monetary Fund’s (IMF) extended fund facility (EFF) program, USD 2.9 billion is expected to be received by March.The post Sri Lanka President expects IMF Extended Fund Facility in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The sixth “Operation Dost” flight has landed in Turkey, carrying emergency supplies, rescue personnel, sniffer dog squads, medicine and medical equipment, and other relief material. The devastating earthquake that inflicted huge loss of life and property has thrown normal life out of gear in both Turkey and Syria. Within hours, India responded with disaster relief […]
Japan has agreed to grant 5 billion Japanese yen or approximately USD 38 million to ensure provisions to purchase fuel needed to maintain essential and emergency services in the health sector in Sri Lanka.The post Sri Lanka to receive $38 Million grant from Japan to purchase fuel to maintain
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines
[…]The post Tax! Tax!! Tax!!! appeared first on Colombo Telegraph.
ECONOMYNEXT –Sri Lanka still needs adequate assurances from other bilateral creditors for its program to be approved, the International Monetary Fund said, after Paris Club lenders said they will re-structure debt. “We welcome the recent statement by the Paris Club to provide financing assurances to Sri Lanka following the assurances provided by India,” an IMF […]
[…]The post Did Faulty Constitution Bring Misery? – Undermining The State Is The Game appeared first on Colombo Telegraph.
Amid talks with International Monetary Fund (IMF) to complete the pending ninth review under the USD 7 billion Extended Fund Facility (EFF), Pakistani Rupee lost its ground against the dollar in the interbank market on Thursday, reported Geo News. During intraday trade, the rupee depreciated by Rs 1.17 and was trading at Rs 270. The […]
Sri Lanka has the potential to establish the green economy, specially by way of renewable energy, said President Ranil Wickremesinghe addressing a High-Level event on Strategies and Actions to Accelerate Sri Lanka’s Transition to a Green Growth Pathway.The post Sri Lanka has initiated an action plan to ensure a Green Economy by 2050 – President appeared first on Sri Lanka News - Latest Break...
[…]The post A Reflection: 75 Years Of Independence Lacked By The People Of Sri Lanka appeared first on Colombo Telegraph.
UNICEF has said seven million people in Sri Lanka are in need of humanitarian assistance due to the economic crisis.In its Sri Lanka Humanitarian Situation Report, issued on 02 February, the UN agency said essential services for children such as health, nutrition, and education have been severely impacted by shortages of medicine, food insecurity, lack […]
[…]The post Seventy Five Years Of Independence Or Curse appeared first on Colombo Telegraph.
[…]The post Do What You Like Vs Like What You (Have To) Do! appeared first on Colombo Telegraph.
Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.The post ‘We’ll end up like Sri Lanka’: Pakistan stares at economic collapse as IMF visits appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.The post Bangladesh secures $4.7 billion from IMF as other South Asian countries see delays appeared first on Sri Lanka News - Latest Breaking News in Sri L...
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
[…]The post The Absurdity Of ‘Independence’ & The Myth Of ‘Public Mandate’ appeared first on Colombo Telegraph.
India and Sri Lanka have been able to address the impact of a Chinese surveillance vessel’s visit to Hambantota port last year and Colombo is looking to New Delhi to help drive economic recovery through investments in key sectors such as energy, Sri Lankan envoy Milinda Moragoda said.The post Jaishankar’s visit reset bilateral relations, says Sri Lankan envoy appeared first on Sri Lanka News...
Sri Lanka has been able to save US$ 2,500 million from the very first day the imports were restricted until today, Finance State Minister Ranjith Siyambalapitiya said.The post Sri Lanka saved over US$ 2,500 Million from import restrictions – State Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post 75 Years – What Have They Done? It Is A Paradise Misplaced appeared first on Colombo Telegraph.
Rebel police officers rioted in Haiti’s capital Port-au-Prince on Thursday following the killing of more than a dozen colleagues by criminal gangs. The rioting officers blame the government for not taking action. More than 100 demonstrators blocked streets, burned tyres, broke security cameras and damaged vehicles. Local media said several officers broke through the gates […]