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The Sri Lanka Government has not yet taken a final decision regarding the domestic debt optimization programme, Minister of State for Finance Shehan Semasinghe said.The post Sri Lanka Government has not taken a final decision yet regarding domestic credit optimization – Minister of State for Finance appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka ...
- Don’t be fooled by false advertising – Minister of State for Finance (Category: Breaking News)
- No move to restructure domestic debt – State Minister (Category: Breaking News)
- No final decision yet regarding domestic debt optimization - Semasinghe (Category: Breaking News)
- No final government decision yet regarding domestic credit optimization (Category: Breaking News)
[…]The post Think 2048, Act Now appeared first on Colombo Telegraph.
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
- If The Speaker Had Become The President, The Economic Crisis Might Have Been Eased By Now (Category: Breaking News)
- My View Completes 13 Years: Still Batting & Not-Out Yet (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is expected
- Sri Lanka and China’s EXIM Bank discuss debt restructuring exercise (Category: Breaking News)
- Top social media video creator/comedian promotes Sri Lanka (Category: Breaking News)
- Sri Lanka receives 1st disbursement of US$ 250 million from WB (Category: Breaking News)
- US to explore areas to support Sri Lanka (Category: Breaking News)
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March.The post World Bank set to approve $700 Million for Sri Lanka next week appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - S...
- World Bank to provide $500 million budget support to Sri Lanka (Category: Breaking News)
- World Bank provides loan to strengthen healthcare in Sri Lanka (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
[…]The post Good Governance & Economic Development – Part II appeared first on Colombo Telegraph.
- Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? (Category: Breaking News)
- Good Governance & Economic Development – Part III (Category: Breaking News)
- Good Governance & Economic Development (Category: Breaking News)
- Target 2048 – Private Sector Should Not Just Sit Aloof (Category: Breaking News)
It is important that Sri Lanka restructures its debt and relaxes the restrictions imposed on imports by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka has suspended its external debt repayments and the import of many goods, which are against […]
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- UK, US pressure Lanka to repeal PTA (Category: Breaking News)
- India lifts onion export ban for neighbour Sri Lanka (Category: Breaking News)
Sri Lanka stands at a critical juncture, seeking avenues for sustainable development while positioning itself as a responsible global player. In this pursuit, sustainable finance and private capital have emerged as a transformative force, offering a unique opportunity to address pressing environmental and social challenges while driving economic growth. By integrating sustainability principles int...
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- UNDP says Sri Lanka stands at a critical juncture (Category: Breaking News)
- IIHS Multiversity joins hands with U.S. International Development Finance Corporation (Category: Breaking News)
- UN Global Compact Network Sri Lanka rallies corporates to ‘Forward Faster’ on SDGs (Category: Breaking News)
[…]The post NM’s Heritage: Upsurge Of Religious Despotism In Sri Lanka: Can The JVP Withstand Sinhala-Buddhist Racism? appeared first on Colombo Telegraph.
- On The Current Debate Among Left Intellectuals (Category: Breaking News)
- Law & Justice Are At Stake At Mylathmadu & Mathavanai In East (Category: Breaking News)
- Seize The Election To Secure It: ‘A Democratic Revolution By Force’ (Category: Breaking News)
- Follow-Up On The Buddhist-Tamil Dialogue In Europe & USA (Category: Breaking News)
Beijing [China], June 10 (ANI): China’s local governments are finding it difficult to service debt raised via municipal and Local Government Financing Vehicles (LGFVs) bonds, as their fiscal position has become tight due to the slowing economic growth and fall in revenue receipts amid a downturn in the property market. According to S&P Global Ratings […]
- Due to economic hardships in China, unemployed people are forced to sleep in outdoor sewer pipes (Category: Breaking News)
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
- China silencing market analysts who bring to light country’s catastrophic economic downturn (Category: Breaking News)
Over the past few decades, the People’s Republic of China has made remarkable strides in advancing its Belt and Road Initiative (BRI) projects. The BRI aims to foster cooperation and connectivity worldwide, particularly with Asian nations. Currently, the BRI encompasses more than 140 countries, and China is actively working towards establishing digital silk roads between […]
- President Wickremesinghe visits Huawei Company in China (Category: Breaking News)
- Chinese-made Huawei devices could disrupt US nuclear communication (Category: Breaking News)
- Huawei launches its largest-ever regional Seeds for the Future Program, inspiring digital talent... (Category: Breaking News)
- Sri Lanka President inked agreement with Huawei company for digitization of Sri Lanka’s schools (Category: Breaking News)
It was important for Sri Lanka to restructure its debt and relax import restrictions by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka had suspended its external debt repayments and the import of many goods, which are against some […]
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- UK, US pressure Lanka to repeal PTA (Category: Breaking News)
- India lifts onion export ban for neighbour Sri Lanka (Category: Breaking News)
By Y P Prakash The growth of regional industries is crucial for India to realize its ambitions of becoming a global manufacturing hub, and India’s potential in this regard is undeniable. The International Monetary Fund predicts that India’s GDP will grow by 6.1% in 2023, surpassing China’s projected growth of 4.4%. Furthermore, India is expected […]
- Air India inks deal for 540 Airbus and Boeing planes in “historic” order (Category: Breaking News)
- Air India takes delivery of its first Boeing 787 Dreamliner (Category: Business)
- Spotlight turns to output as Boeing wins show (Category: Business)
- Emirates’ $18 b blockbuster Boeing order kicks off air show (Category: Business)
Pakistan Finance Minister Ishaq Dar claimed that geopolitics was behind a stalled loan programme as global institutions wanted Pakistan to default like Sri Lanka and then enter negotiations. Testifying before the Senate’s standing committee on finance, Ishaq Dar stressed that the country would meet its obligations with or without the IMF’s bailout package. He said […]
- Foreign powers want Pakistan to default like Sri Lanka – Pakistan Finance Minister (Category: Breaking News)
- Foreign powers want Pakistan to default like Sri Lanka- Pakistani Minister (Category: Breaking News)
- Pakistan s finance minister opposes provincial snap polls mandated by court (Category: Breaking News)
- COPF approves resolution on Domestic Debt Optimization (Category: Breaking News)
The United Nations Development Programme (UNDP) says Sri Lanka stands at a critical juncture, seeking avenues for sustainable development while positioning itself as a responsible global player. In this pursuit, sustainable finance and private capital have emerged as a transformative force, offering a unique opportunity to address pressing environmental and social challenges while driving economic...
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- UNDP and Michelin Foundation partner to procure essential medicines for Sri Lanka (Category: Breaking News)
- US approves $120 million in new loans to support Sri Lankan economy (Category: Breaking News)
- UNDP gives importance to working with vulnerable communities in Sri Lanka (Category: Breaking News)
Sri Lanka's economy (LKGDP=ECI) shrank 11.5% in the first three months of 2023, official data showed on Thursday, as the country remained in the grip of its worst financial crisis in decades.The post Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues appeared
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- At least 17 people hospitalized after massive fire in Pettah (Category: Breaking News)
- Sri Lanka to start next round of talks with creditors in April (Category: Breaking News)
French President Emmanuel Macron has invited world leaders, including President Ranil Wickremesinghe, to participate in the Global Leaders’ Summit for a New Global Financing Pact. The event, scheduled to take place in Paris on 22 and 23 June, aims to address the pressing challenges faced by the world today. The Summit highlights the urgency of […]
- Macron to become first French President to visit Sri Lanka (Category: Breaking News)
- France assures assistance to restructure Sri Lanka’s debt (Category: Breaking News)
- Ranil to travel to Cuba to address G77 + China summit (Category: Breaking News)
- US notes India’s critical support for reforms in Sri Lanka (Category: Breaking News)
[…]The post Good Governance & Economic Development appeared first on Colombo Telegraph.
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
- Opinion Vs Truth (Category: Breaking News)
- Are We Rotting Or Rotten? (Category: Breaking News)
- Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution (Category: Breaking News)
A big Polish chicken producer has been knocking on China’s door for eight years without selling a single drumstick, but hope springs eternal according to one of its representatives. Wipasz deputy sales director Rafat Koztowski attended the China-CEEC Expo & International Consumer Goods Fair in Ningbo, Zhejiang province, last month on his second visit to China since […]
- China looks to central Asia as the West sees threat to US-led world order (Category: Breaking News)
- Why China’s new spying law has foreign firms scratching their heads, scrambling like a ‘scared m... (Category: Breaking News)
- Can China fix youth unemployment woes with military recruitment drive? (Category: Breaking News)
- US military slams Chinese warship’s ‘unsafe and unprofessional’ manoeuvres in Taiwan Strait (Category: Breaking News)
The federal budget for Fiscal Year 2023-24, presented by Pakistan Finance Minister Ishaq Dar on Friday, came as a huge disappointment for homemakers as it offered no respite from surging household expenses, The News International reported. Reeling under an economic crisis of the kind seldom experienced in the country’s history, women in Pakistan are finding […]
- Pakistan sees attempt to make country default like Sri Lanka (Category: Breaking News)
- Despite squeezing people, govt projects record high deficit (Category: Breaking News)
- IMF asks Pakistan to take steps to be able to function as a country (Category: Breaking News)
- Foreign powers want Pakistan to default like Sri Lanka – Pakistan Finance Minister (Category: Breaking News)
[…]The post Sustainable Debt & Unsustainable Democracy appeared first on Colombo Telegraph.
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
Way back in 2017, a Nigerian delegate attending a UN Economic and Social Council (ECOSOC) conference on Africa had said, “Africa is bleeding” and warned that his continent’s system has been rigged against Africans and exploited by multinationals. The situation after the lapse of six years is no different. Irene Ovonji-Odida, Chairperson of the International […]
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
- The Chinese Trap in African Contracts (Category: Breaking News)
- China’s environmental disaster in West Africa (Category: Breaking News)
- No longer the most populous, but still China wants to be world number one (Category: Breaking News)
On the evening of 06 June, an appreciation reception for the Sri Lanka’s search and rescue mission of the capsized Chinese fishing ship “Lu Peng Yuan Yu 028” was hosted at the Shangri- La Hotel Colombo by Ambassador of the People’s Republic of China, Qi Zhenhong.About 300 guests, including Sagala Rathnayake, Chief of Staff and […]
- Sri Lanka Navy recovers more bodies from Chinese ship (Category: Breaking News)
- Korean Navy Ship at the Colombo Harbour (Category: Breaking News)
- South Korea rescues hijacked crew (Category: Breaking News)
- Sri Lankan Navy rescues seriously-injured Chinese crew membe (Category: Breaking News)
by Y P Prakash China’s pandemic-battered economy has started firing. However, since several local governments are saddled with trillions of dollar worth of debt and unemployment rate among youth has jumped nearly four times the national level, there is fear President Xi Jinping’s aim to double
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Video: CoL has increased by 400 percent - Maithri (Category: Video)
- 400 Shops In Colombo To Be Sealed (Category: Breaking News)
- Quake in western China kills 400, buries more (Category: USA, South Carolina)
Cassandra was struck by three untruths (lies if the real term needs to be used) spluttered out this last week. The Island on Thursday June 1 carried this headline on page 1:” Aragalaya group behind project to cause religious disharmony.” That is a blatant lie for the very simple reason that one feature the Aragalaya […]
- Jesus, freedom and democracy (Category: Breaking News)
- Aragalaya became victim of elitist conspiracy – Dilan (Category: Breaking News)
- Political engagement with Aragayala necessary (Category: Breaking News)
- No-faith motion against Speaker defeated (Category: Breaking News)
Sri Lanka’s national carrier is expecting a profit of USD 50 million for the upcoming year, SriLankan Airlines CEO Richard Nuttall revealed, adding that he also expects passenger traffic to surpass pre-COVID levels by the end of 2023 owing to the ‘economic boom’ in tourism.The post SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year appeared first on ONLANKA N...
- SriLankan CEO believes worst is over , expects $50 mn profit next year (Category: Breaking News)
- Sri Lanka airline boss says ‘don’t be a CEO during Covid’ (Category: Breaking News)
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- Sri Lanka jet fuel shortages costing SriLankan Airlines US$7mmn a month (Category: Breaking News)
New laws contemplated by the government appears to have caused much concern among Opposition political parties for obvious reasons. The constitutionality of the proposed Broadcasting Authority Bill is expected to be challenged in the Supreme Court. The whole process of law making raised quite a stir in the wake of the recent shocking Supreme Court […]
- Opp. alleges Prez intends to bring media under his thumb, roll back election map (Category: Breaking News)
- GL urges AG to ensure compliance with SC recommendations before Speaker certifies Online Safety ... (Category: Breaking News)
- GL frowns on Prez downplaying importance of elections before judges (Category: Breaking News)
- Herath accuses President of using SLPP as rubber stamp in Parliament to pass draconian laws (Category: Breaking News)
By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]
- No second chance for Sri Lanka, says CB Governor (Category: Breaking News)
- Lanka’s ‘Royal’ mess explained by old boy (Category: Breaking News)
- Tactful Diplomacy Will Bring Durable Solution (Category: Breaking News)
- Urgent Lessons for Sri Lanka – 2022 (Category: Breaking News)
‘Bio-diversity prospecting is a very risky area, and therefore, it has to be done right’ ‘Many good consultations needed before Sri Lanka can go for climate bonds’ Forum aims at combining profitability with ecosystem conservation and regeneration by Sanath Nanayakkare Bringing together a collection of global good practices in investing in natural capital, the Asian […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- ADB’s knowledge engagement in Sri Lanka to be aligned with govt’s reform programme (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- USD 3.9 mn Korean boost for shrimp aquaculture sector (Category: Breaking News)
By Sathiya Moorthy In a tweet in mid-May, the US Ambassador to India, Eric Garcetti, tweeted on ‘strategic ties’ India and Sri Lanka as if one existed already. The tweet followed a meeting between Amb Garcetti and Milinda Moragoda, the Sri Lankan High Commissioner to India. “As strategic partners, the US, India, and Sri Lanka […]
- India seeks strategic partnership with Sri Lanka in maritime surveillance system expansion (Category: Breaking News)
- Is UNHRC provoking an Aragalaya against war-crimes probe? (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
- China’s delays in restructuring the debt have put Sri Lanka in an awkward position. (Category: Breaking News)
[…]The post Weaponising Of The Law appeared first on Colombo Telegraph.
- Politics Behind A Politician’s Gold (Category: Breaking News)
- NM’s Heritage: Upsurge Of Religious Despotism In Sri Lanka: Can The JVP Withstand Sinhala-Buddhi... (Category: Breaking News)
- Money In Weakening Our Rights: Government Competing With Evangelicals (Category: Breaking News)
- Civil Society Condemns Abuse Of ICCPR (Category: Breaking News)
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