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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
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
- Sri Lanka president wants China to dramatically change stance on debt relief (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- US Treasury Secy assures support for Sri Lanka’s debt restructure: president’s office (Category: Breaking News)
Sri Lanka’s international bondholders group was prepared to engage with the island nation’s authorities in debt restructuring talks consistent with the parameters of the IMF Programme, their legal adviser, White & Case LLP, said.The post Sri Lanka bondholders ready for debt restructuring talks with authorities appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
- Sri Lanka s bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- Sri Lanka Close to IMF Agreement, Is Weighing Bondholder Terms, Semasinghe Says (Category: Breaking News)
- Sri Lanka bondholders talks focus on state enterprise debt, domestic banks – sources (Category: Breaking News)
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 ...
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
- Sri Lanka will have to go for another DDO strategy if targets of current plan not achieved – CBS... (Category: Breaking News)
- Sri Lanka must implement budget proposals to avoid return to crisis (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries.The post Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations (Category: Breaking News)
- Lanka seeks release of crew (Category: Breaking News)
- Sri Lanka seeks US$ 6 Billion fuel credit line from Saudi Arabia (Category: Breaking News)
- Sri Lanka seeks Asian Development Bank support in digitalization, agriculture (Category: Breaking News)
Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.The post Sri Lanka economy could shrink by -3.5% to -4%, president says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues (Category: Breaking News)
- Sri Lanka flags return to growth, protesters demand tax cuts (Category: Breaking News)
- Sri Lankan economy expected to contract by 3% in 2023: IMF official (Category: Breaking News)
- Is the worst over for Sri Lanka’s economic crisis? (Category: Breaking News)
Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said. “There has been good progress this month with India already pledging financing assurances. We expect assurances from China and Japan soon,” Weerasinghe said […]
- JICA will not fund projects in Sri Lanka until debt restructured (Category: Breaking News)
- India seeks close coordination between Sri Lanka and all creditors (Category: Breaking News)
- S&P lowers Sri Lanka’s sovereign rating to Select Default grade (Category: Breaking News)
- Sri Lanka’s debt repayments to be suspended until 2028 (Category: Breaking News)
The International Monetary Fund (IMF) is still awaiting assurances on Sri Lanka in order to present a Fund-supported program for Sri Lanka to the IMF’s Executive Board, for approval. The IMF confirmed that India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary […]
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- IMF wants Sri Lanka to implement deals with official creditors (Category: Breaking News)
- Chinese Embassy in Sri Lanka slams US envoy (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.The post India commits to help Sri Lanka on debt in prospective IMF program appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
Former Sri Lanka captain Arjuna Ranatunga has teamed up with India to play a new innings in the electric vehicle market. Ranatunga is to promote electric vehicles in Sri Lanka through a joint venture with Electric One – India’s largest EV super store chain . Electric One announced the signing of a Memorandum of Understanding […]
- USAID to fund construction of battery switching stations in Colombo (Category: Breaking News)
- Arjuna Ranatunga to chair 15-member National Sports Council (Category: Breaking News)
- Arjuna Ranatunga keeps doors to politics open (Category: Breaking News)
- Arjuna slams ICC over unprofessional handling of Asia Cup (Category: Breaking News)
[…]The post Raj Somadeva’s Yakhshi: Excellent Exposition Of History To Laymen appeared first on Colombo Telegraph.
- Child’s Guide To Bitcoinisation Of Sri Lanka Economy (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: How Colonial Ceylon Did It? (Category: Breaking News)
- Conspiracy Stories Are All Over; But Why Are They So Popular & Readily Accepted? (Category: Breaking News)
- Conspiracy Stories Are All Over; But Why Are They So Popular & Readily Accepted? (Category: Breaking News)
Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.The post Sri Lanka expects financing assurances from China for IMF deal within days appeared first on Sri Lanka News - Latest Bre...
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
[…]The post Ranil’s One Policy Framework, Debt & The System appeared first on Colombo Telegraph.
- Warning Signal To RW’s Transformation Agenda (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Will India Be The Game Changer For RW? (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- SL to offer tenders for oil exploration in 5 blocks: Premajayantha (Category: Breaking News)
- Sri Lanka finalises regulations for offshore oil gas exploration investments (Category: Breaking News)
- Tenders for Oil Exploration (Category: Breaking News)
- Sri Lanka to broaden offshore oil search (Category: Breaking News)
Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
- Sirisena’s castle in the air (Category: Breaking News)
- SC quashes Cabinet decision granting Paget Road residence to Maithripala (Category: Breaking News)
- Proroguing The Parliament – A Political Subterfuge! (Category: Breaking News)
- Sirisena, SLFP enmeshed in Easter Sunday fallout (Category: Breaking News)
By Rathindra Kuruwita All-Island Poultry Farmers’ Association chairman Ajith Gunasekara yesterday urged retailers to adhere to maintain the retail price of eggs at Rs. 55 each and to work together to resist the government’s plan to import eggs. Gunasekera said that the government should help the local poultry farmers boost their production. “We tell the […]
- ‘Govt. makes a killing from egg imports’ (Category: Breaking News)
- CAA issues MRP for eggs (Category: Breaking News)
- Malaysia and Sri Lanka s egg shortages set Indian hatcheries on path for record exports (Category: Breaking News)
- Egg producers respond to govt s decision to import eggs (Category: Breaking News)
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
- Sri Lanka seeks assistance from the World Bank (Category: Breaking News)
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
- New Foreign Minister promises to deliver (Category: Breaking News)
Sri Lanka’s Health Minister Keheliya Rambukwella said he hopes to put an end to the medicinal drug shortage in the country in the first quarter of this year.The post Drug shortage to be fully addressed by March – Health Minister appeared first on Sri Lanka News - Latest Breaking News in Sri
- Keheliya Rambukwella allowed to eat homemade meals while in remand custody (Category: Breaking News)
- Drug shortage to be ended as soon as possible - Health Minister (Category: Breaking News)
- Keheliya Rambukwella seeks bail (Category: Breaking News)
- Sri Lanka’s Health Minister appoints Experts’ committee to probe recent controversial deaths due... (Category: Breaking News)
by Eng. Parakrama Jayasinghe This is the question in everybody’s mind these days. Anything up to 10 hours of blackouts have been predicted by the Ceylon Electricity Board (CEB) trade unions. But Minister of Power and Energy, Kanchana Wijesekera, has been quick to contest this prediction while being careful not to say that there will […]
- CEB says suspension of power cuts not possible (Category: Breaking News)
- No power cuts due to N’cholai unit failure – Minister (Category: Breaking News)
- HRCSL opposes power cuts during A/L (Category: Breaking News)
- Sri Lanka says no more power cuts, until further notice (Category: Breaking News)
By Uditha Devapriya A recent World Food Programme report underlines the magnitude of the food crisis in Sri Lanka. The report shows that 36% of the country’s households are effectively food insecure, while 76% are engaging in “food-coping strategies.” 35% of the country’s households are “facing insufficient food consumption”, while female-headed households (44%) are “...
- The TNA’s position on Ranil Wickremesinghe (Category: Breaking News)
- JVP Leader punches plenty of holes in govt. (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- President to intensify focus on national unity, youth aspirations (Category: Breaking News)
[…]The post Amnesty, Purpose, Effect & Fairness appeared first on Colombo Telegraph.
- Just Rewards For Hard Work (Category: Breaking News)
- On Overlooking The Obvious (Category: Breaking News)
- Polipto (Category: Breaking News)
- Polipto (Category: Breaking News)
Only those who could survive this crisis are the ones who could make earnings in foreign currency, Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe recently said.The post Businesses with dollar income sources will only survive this crisis – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- USD 500 million entered the market in seven days – CBSL Governor (Category: Breaking News)
- Sri Lanka faces shutdown without stable Government – Central Bank Governor warns (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Curtailing inflation critical to avert Zimbabwe-like scenario – CBSL Governor (Category: Breaking News)
President Ranil Wickremesinghe stressed that everyone should unite to fulfil their moral responsibility for the country, sidelining the traditional political system of trying to grab power at the next election by palming off all the responsibilities on the government.The post Step out of traditional politics and fulfil moral responsibility – President appeared first on Sri Lanka News - Lates...
- Step out of traditional politics and join hands to fulfill moral responsibility towards the coun... (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Everyone should unite to make food security program a success – President (Category: Breaking News)
- Sri Lankan President optimistic that debt restructuring discussions will end successfully (Category: Breaking News)
[…]The post The Retold South Korea Success Story: How Should Sri Lanka Emulate It? appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- A Child’s Guide To Prema-Chandra Athukorala Chinthana On Import Substitution (Category: Breaking News)
- Good Governance & Economic Development – Part III (Category: Breaking News)
- Target 2048 – Complex Economy System (Category: Breaking News)
Pakistan’s former Prime Minister Imran Khan has decided not to stage mass protests like Sri Lanka to overthrow the Government. Thousands took to the streets and staged protests, some turning violent, forcing then President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa to step down. Khan has been hinting of similar protests in Pakistan to overthrow […]
- Imran Khan warns Pakistan heading towards Sri Lanka-like situation (Category: Breaking News)
- Imran Khan makes not so thinly veiled attack on judiciary (Category: Breaking News)
- Imran Khan warns of ‘Sri Lanka-like’ situation if elections not held (Category: Breaking News)
- Imran Khan commends India’s foreign policy, plays EAM Jaishankar’s clip at Lahore rally (Category: Breaking News)
Global lenders including the World Bank, the Asian Development Bank and the IMF are planning coordinated assistance to help Sri Lanka recover from its economic crisis, the government said on Tuesday.The post Global lenders eye coordinated assistance for Sri Lanka – Government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal, stating that 28 percent of the population faces […]
- India s Adani Group to run three Sri Lankan airports? (Category: Breaking News)
- International rights groups slam Sri Lanka s flawed plans for a Truth Commission (Category: Breaking News)
- Ankara donates consignment of urgently needed medical supplies to Sri Lanka (Category: Breaking News)
- Rights group: Sri Lankan Tamil women exposed to sexual violence, trafficking after war (Category: Breaking News)
Australian Government-funded Skills for Inclusive Growth Program (S4IG), managed by Palladium International Group entered into an MoU with Cinnamon Hotel Management Ltd (CHML) to achieve several strategic results in Colombo recently. S4IG is a programme by the Department of Foreign Affairs and Trade (DFAT) in accordance with the terms of a subsidiary agreement signed on […]
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
To address the looming shortage of grains for the animal feed industry and maize based food items due to the ongoing socio-economic crisis in Sri Lanka, as a part of the response efforts through the United Nations (UN) joint Humanitarian Needs and Priorities (HNP) Plan, the Royal Thai Embassy
- Royal Thai Embassy and UN work together to support vulnerable Sri Lankan farmers during Maha sea... (Category: Breaking News)
- Food Deal (Category: Business)
- US supports Sri Lankan govt in providing Thriposha to mothers and children through WFP (Category: Breaking News)
- Lankan mahout honoured by Thai royals (Category: Breaking News)
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