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[…]The post Could A ‘National Government’ Resolve The Crisis? appeared first on Colombo Telegraph.
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
- Recent Political Violence And Its Consequences (Category: Breaking News)
- Current Political Scenario: Smoke & Mirrors (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
- Inflation – Public Enemy Number One (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
Delays is fiscal reforms can reduce the recovery rate
- Exemptions for ACCA members to follow Australian MBA offered at CA Sri Lanka (Category: Business)
- National question must not be treated as a rift between the Sinhalese and Tamils with Muslims ca... (Category: Breaking News)
- 26th National CA Students’ Conference on 4 April (Category: Business)
- CA Sri Lanka goes to Kalmunai (Category: Business)
[…]The post A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore Didn’t? appeared first on Colombo Telegraph.
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
- A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? (Category: Breaking News)
Prime Minister Ranil Wickremesinghe today painted a gloomy picture for Sri Lanka saying the country will face an even more difficult time period in the short term. In an address to the nation today, the Prime Minister said that there are petrol stocks only for a single day, there is a possibility that the daily power […]
- PM warns fuel situation to get worse over next few weeks (Category: Breaking News)
- Fuel stocks sufficient for only around five days (Category: Breaking News)
- Leadership of Gota and Ranil rejected (Category: Breaking News)
- India focusing on ways it can help Sri Lanka economically (Category: Breaking News)
[…]The post The Story Of The Occasional Cinemagoer: Part II appeared first on Colombo Telegraph.
- GR Regime’s New Year Gift To Muslims (Category: Breaking News)
- GR Regime’s New Year Gift To Muslims (Category: Breaking News)
- GR Regime’s New Year Gift To Muslims (Category: Breaking News)
- Pandemic Causes Double Whammy For Sri Lankan Muslims (Category: Breaking News)
Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries. Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed […]
- China assures will not harm Sri Lanka’s interests (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lank... (Category: Breaking News)
- China’s attitude puzzles Sri Lanka (Category: Breaking News)
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
- Changing Pillows To Cure Headaches: Concepts, Solutions & Actions (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess (Category: Breaking News)
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
- What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- The First Step Of Aragalaya Is Completed: What Is Next? (Category: Breaking News)
- What’s The Country Need Now? (Category: Breaking News)
22-04-2022, Amsterdam: In the latest series of EFSAS interviews, Mr. Junaid Qureshi (Director EFSAS) welcomed virtually Professor Mick Moore, a highly regarded political economist and professorial fellow at the Institute of Development Studies at the University of Sussex. He is also the founding CEO of the International Centre for Tax and Development and was appointed […]
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- China leaves crisis-ridden Sri Lanka in the lurch to fend for itself (Category: Breaking News)
- 182 Experts Call For Debt Cancellation But Private Investors Play Hardball (Category: Breaking News)
- A Generational Shift To Face The Crisis In Sri Lanka (Category: Breaking News)
Although the Asian region is better prepared for economic turmoil than it was a decade ago, high levels of financial, trade and investment integration with the Western economies ensure that no country is immune to the effects of the Eurozone debt crisis. While most of the European Union (EU) economies struggle to design new austerity measures to ...
- Sri Lanka is an exciting and resilient business destination (Category: Business)
- Huge gains for South Asian consumers: CUTS (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
When one reads the lead story published on the business pages of this newspaper in its last week edition, one realizes that Sri Lanka faces a serious governance issue right at the top. The article basically raised three issues: 1. Politicians have had invested in the bourse last year, that’s the reason for their vested ...
- Caveat Emptor (Category: Breaking News)
- Quo Vadis Exchange Rate? (Category: Breaking News)
- Bourse’s Volatility Here To Stay (Category: Breaking News)
- Pages out of order due to press problems (Category: USA, Montana)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy. The findings highlighted the need ...
- Village as a developmental unit (Category: Business)
- China on track to meet 2012 growth target: Wen (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- China’s tight job market defies economic downturn (Category: Business)
Rising inflation coupled with state owned Central Bank of Sri Lanka’s (CBSL’s) huge stock of Treasury (T) Bills holdings helped T Bill yields to continue to make gains at last week’s T Bill auction as well. As a result, the weighted average yields for T Bills of all three tenures, namely 91, 182 and 364 ...
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- Rise In T Bill Yields Portends Lending Rate Hike (Category: Breaking News)
- $ Strengthens To Rs. 132.40 (Category: Breaking News)
- Rates Start Increasing (Category: Breaking News)
Offers $ 43 b in overall deal which will see Fund’s base doubling to $ 456 b Reuters: China on Monday offered $43 billion to the IMF’s crisis-fighting reserves, rounding off a global push to nearly double the Fund’s war chest to $456 billion to help protect countries from fallout from the euro zone debt ...
- BRICS demand bigger IMF role before giving it cash (Category: Business)
- BRICS nations gird to pressure West over imbalances (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- Lagarde’s next battle at IMF: Power shift (Category: Business)
This country’s history is repeating itself with deadly accuracy. Last week Gotabaya Rajapaksa reiterated what Sinhalese leaders have been saying since the parting of ways with the Tamils in 1958. In an interview with the BBC on Monday (May12) Rajapaksa was asked about ‘a recent local government reshuffle in the north which has seen some ...
- T-junction in the road (Category: Business)
- RajapaksaÂs constitution unacceptable: TNA (Category: Breaking News)
- Govt.: No Sinhala Colonies In The North (Category: Breaking News)
- Sri Lanka's Tamil party oppose proposed constitutional reforms (Category: Breaking News)
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross Domestic ...
- US employment gains slow, jobless rate drops (Category: Business)
- China gets red alert to avoid Japanification as consumer price drops drag inflation to lowest le... (Category: Breaking News)
- Inflation drops further in November, says CB (Category: Business)
- Sri Lanka’s demand for legal booze drops by 30 percent (Category: Breaking News)
Reuters: Fresh from a big victory in raising $430 billion for the International Monetary Fund, Christine Lagarde’s tougher test as head of the global lender will be finding a way to give emerging economies more influence. To do this, the former French finance minister will need to convince the Fund’s dominant powers – the United ...
- Global economy’s ‘timid’ recovery faces high risks: Lagarde (Category: Business)
- IMF Chief Lagarde emphasises Asia, China role in global recovery (Category: Business)
- Lagarde eyes $400 b rise in IMF funds this week; Japan pledges $ 60 b (Category: Business)
- BRICS demand bigger IMF role before giving it cash (Category: Business)
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
- President’s leadership led to great achievements in ICT: Weeratunga (Category: Business)
- Building resilience in Asia Pacific’s digital society (Category: Business)
- Namal on dynasties and democracies (Category: Business)
- EDB turns 33 (Category: Business)
Parliamentary accountability The Parliament, as the country’s foremost representative institution, has the sole authority over national resources and financial allocations and concurrently has a prominent role to play in fiscal responsibility, the budgetary process, economic development and effective transparent economic and financial management, with a view to assuring sustainable growth an...
- Chandra J sends his proposals for 2013 Budget to the President (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Time for reflection, reality check, risk mitigation and lessons learnt action (Category: Business)
Citizens should make a noise The Central Bank’s former Assistant Governor and its long-time Director of Statistics, Dr. Anila Dias Bandaranaike, at a recently held exporters’ forum, expressed the view that the business community should make it their business to discuss, debate and deliver their views on economic policies being formulated by the country’s policy ...
- Flexible exchange rates and impact on exporters (Category: Business)
- Economic management and the way forward (Category: Business)
- A monetary constitution to add on to the legal constitution? (Category: Business)
TOKYO: Japan and 12 other Asian countries will likely agree to double the amount of funds available under a regional currency swap pact amid uncertainty over the European debt crisis, a report said Sunday. Japan, China, South Korea and the 10 members of the Association of Southeast Asian Nations (ASEAN) are to agree to double ...
- Is it safe to travel yet? Current travel guidelines for COVID-19 - CNET (Category: Technology)
- The Latest: US hits 20 million mark in coronavirus cases (Category: USA, New Mexico)
- The Latest: US hits 20 million mark in coronavirus cases (Category: USA, New Mexico)
- Is it safe to travel yet? Current travel guidelines for COVID-19 - CNET (Category: Technology)
SRI LANKA’S fabled post-war window of opportunity seems to be closing, with the Central Bank following the International Monetary Fund (IMF) in reducing growth rates for 2012. But does that mean only gloom awaits Sri Lanka or can we ride out the tide and reach the golden shores? The Central Bank had originally forecast this ...
- CB seen keeping rates steady for fifth straight month (Category: Business)
- Central Bank seen holding rates, SRR steady (Category: Business)
- Sri Lanka Q3 GDP seen expanded 8.0%; full year 8.1% (Category: Business)
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
By Dr. Arujuna Sivananthan The consensus view is that Sri Lanka is in the midst of a Balance of Payment (BOP) crisis. It usually follows a period of large capital inflows and rapid economic growth. However, due to conflicting policy responses or policy slippage including irresponsible credit creation, an economy finds itself in a position ...
- A Sudden Stop or a Balance of Payments Crisis - Dr. Arujuna Sivananthan (Category: Breaking News)
- Sri Lanka Q3 GDP seen expanded 8.0%; full year 8.1% (Category: Business)
- Sri Lanka’s central bank largely loses ability to create BOP deficits (Category: Breaking News)
- Seven Months (Category: Business)
Tyranny of the international capital markets Dr. Indrajit Coomaraswamy, ex-Central Banker and International Civil Servant, did not mince words when he addressed the country’s exporters last week. The veteran economist, having made an assessment of the risks associated with Sri Lanka’s external sector crisis, warned that the country will have to grapple with “the tyranny ...
- High costs of poor performance or high returns of sound management (Category: Business)
- Appreciating exchange rates: Not a boon always (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- No more IMF loan for Sri Lanka (Category: Breaking News)
CB says will intervene in high volatility Dealers say CB employing moral suasion By Shihar Aneez and Ranga Sirilal COLOMBO (Reuters): Sri Lanka’s rupee hit a new record low on Tuesday on importer dollar demand, but a State bank sold greenbacks to reverse the drop in an apparent break with the Central Bank’s new policy ...
- CB expects currency volatility to ease (Category: Business)
- Rupee sinks to record low (Category: Business)
- Rupee down 3.1% after devaluation (Category: Business)
- Markets becalmed (Category: Business)
Reuters: China will continue to invest in euro zone government debt, the country’s central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China. Zhou Xiaochuan admitted that China and other emerging nations like Brazil, Russia or India were waiting for the right time to help the bloc, ...
- China urges EU to reach debt deal without delay (Category: Business)
- Europe bailout fund chief sees no quick China deal (Category: Business)
- China’s Wen: May consider bigger role in EU rescue funds (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
Reuters: The International Monetary Fund (IMF) on Friday welcomed Sri Lanka’s policy shift towards a flexible exchange rate, saying it will help contain the trade deficit and protect the nation’s dwindling foreign exchange reserves. In a marked policy shift, Sri Lanka’s Central
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- CB resumes repo auction after two-year lapse (Category: Business)
- Exchange rate standoff as IMF visits SL (Category: Business)
- Reactions (Category: Business)
Reuters: China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday. But Wen did not make any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM). At a joint media briefing in ...
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- China urges EU to reach debt deal without delay (Category: Business)
- Chinese Rescue (Category: Business)
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