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Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 50.6% in February (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 25.2% in May (Category: Breaking News)
Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]
- Kiriella accuses IMF of double speak (Category: Breaking News)
- Rohitha Abeygunawardena elected chair of COPE (Category: Breaking News)
- Why does IMF ignore government’s authoritarian behavior, asks Harsha (Category: Breaking News)
- Quorum quandary (Category: Breaking News)
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
- China pledges steadfast support to Sri Lanka (Category: Breaking News)
- Sri Lanka and Estonia successfully conclude inaugural bilateral political consultations (Category: Breaking News)
- China remains the most sincere and reliable friend of Sri Lanka – Ambassador (Category: Breaking News)
- President Wickremesinghe places his trust on Xi Jinping (Category: Breaking News)
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- IMF warns about budget deficit (Category: Breaking News)
- IMF commends Sri Lanka's commitment to reduce budget deficit, change in policy rates (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
- Sri Lanka’s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover about $4.2 billion of the island nation's outstanding debt, its finance ministry said in a statement on Thursday.The post Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about any specific agreements, its mission chief for the country said on Wednesday.The post Sri Lanka’s talks with creditors ongoing, unaware of specific deals –
- Debt restructuring making progress in countries such as Sri Lanka – IMF (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
Sri Lanka's central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift revenue and repair its balance sheets in a bid to secure continued financial support from the International Monetary Fund.The post Sri Lanka resumes rate cuts to boost growth as inflation cools appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka Central Bank cuts statutory reserve ratio by 200 bps (Category: Breaking News)
- CBSL governor says more rate cuts needed for economy to bounce back (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
[…]The post Sri Lanka At A Crossroads: The IMF’s 16-Point Prescription For Reform appeared first on Colombo Telegraph.
- Ex-CBSL Chief backs IMF conditions for resumption of bailout process (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- Ex-AG backs IMF bailout conditions (Category: Breaking News)
- Government says staff level agreement with IMF not a document (Category: Breaking News)
The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation progress appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
The International Monetary Fund (IMF) has recommended sixteen priority actions in its recently released Governance Diagnostic Assessment (GDA) on Sri Lanka to address systematic and severe governance weaknesses and deep-rooted corruption vulnerabilities across State functions in order to unlock
- Anti-Corruption & Governance reforms are critical – IMF (Category: Breaking News)
- Everyone must come together to support Sri Lanka’s recovery and inclusive growth – IMF (Category: Breaking News)
- Sri Lanka’s economy to contract further before gradual recovery in 2024 – ADB (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
By SHIHAR ANEEZ ECONOMYNEXT –Sri Lanka’s second tranche of a $3 billion loan from the International Monetary Fund is likely to be delayed as the country has failed to meet the program objective and a global lender’s official said there is no fixed timeline on the disbursement of second tranche. Sri
- IMF review must precede re-look at taxes: Shehan (Category: Breaking News)
- IMF final review discussion with President today (Category: Breaking News)
- Ceylon Chamber of Commerce commends Staff-Level Agreement on first review with IMF, calls for co... (Category: Breaking News)
- The India – Canada spat (Category: Breaking News)
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche
- Positive Progress in Securing Second IMF Tranche, Says Acting Finance Minister Shehan Semasinghe (Category: Breaking News)
- IMF team arrives in Sri Lanka to evaluate economic reforms (Category: Breaking News)
- Representatives of the International Monetary Fund express satisfaction with the implemented eco... (Category: Breaking News)
- Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks (Category: Breaking News)
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka’s tax revision helps correct tax revenue & expenditure imbalance – IMF (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO appeared first on Colombo Telegraph.
- Letter To Tiran (Category: Breaking News)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
- Open Letter To The President: Mr. President, It’s Not Too Late! (Category: Breaking News)
- An Open Letter & Appeal To The IMF (Category: Breaking News)
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
- Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- China’s Economy – Nothing Is Going Right! (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
The Chinese spy ship ‘Shi Yan 6’ has entered the Malacca strait, bound for Colombo, amid confusion over whether Sri Lanka has granted access for the spy vessel to dock at Colombo. According to reports last month, the Sri Lankan Defence Ministry has granted Shi Yan 6 access to dock at Colombo port. However, the Sri Lankan […]
- Sri Lanka approves request to dock Chinese Research / Survey Vessel Shi Yan 6 (Category: Breaking News)
- Chinese research vessel ‘Shi Yan 6’ to dock in Colombo today (Category: Breaking News)
- Chinese research vessel permitted to make port call in Sri Lanka in Nov. (Category: Breaking News)
- Sri Lanka grants Chinese vessel 48 hours to conduct marine research (Category: Breaking News)
The first review of the International Monetary Fund’s Extended Fund Facility (EFF) for Sri Lanka is slated to commence today (September 14).The post First review of IMF’s Extended Fund Facility for Sri Lanka to commence today appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF second review of Sri Lanka s bailout package begins today (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF s first program review begins today; Sri Lanka hopeful of promising pathway for growth (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
Sri Lanka has accepted offers to exchange about $10 billion worth of defaulted local debt for new bonds, the Finance Ministry said on Tuesday, taking it a step towards meeting debt restructuring requirements ahead of an International Monetary Fund (IMF) review.The post Sri Lanka announces $10
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout (Category: Breaking News)
- Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
World leaders have been gathering in India ahead of a G20 summit between nations that are divided on many issues, the biggest being the war in Ukraine following Russia’s invasion. On Friday evening US President Joe Biden met his host, Indian Prime Minister Narendra Modi, with the leaders pledging cooperation in a raft of areas. […]
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- Russia hails unexpected G20 ‘milestone’ as Ukraine fumes (Category: Breaking News)
- Modi US visit: Why Washington is rolling out the red carpet for Indian PM (Category: Breaking News)
- India stands with Manipur -PM Modi (Category: Breaking News)
Singaporeans have chosen Tharman Shanmugaratnam as their next president – but many would have let out a small sigh of disappointment as they did so. On Friday, the former top minister won a record 70.4% of the votes, comfortably beating two other candidates in the country’s first contested presidential election in more than a decade. […]
- Singaporeans vote for ceremonial president after rare political scandals (Category: Breaking News)
- Iceland’s PM to strike over gender pay gap (Category: Breaking News)
- 1,000 buses evacuate scouts from disaster-hit World Jamboree (Category: Breaking News)
- Two officers injured in blast outside interior ministry in Turkey (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
Registered tax files 500,000, only 31,000 pay personal tax Proposed amendments to Sri Lanka’s Inland Revenue Act will serve to address purported under performance of Inland Revenue Department (IRD) officials in a bid to enhance income tax collection, Government MP Mahindananda Aluthgamage said, noting that there is only one person in the country who pays […]
- 105,000 registered limited liability companies but 82 percent of revenue comes from just 382 (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- Revenue collection exceeds target for first quarter by more than Rs. 45 billion (Category: Breaking News)
- Sri Lanka only has 137 persons who paid income taxes of Rs5mn or more: legislator (Category: Breaking News)
Government authorities must consult vehicle importers when making decisions on relaxing an ongoing import ban, President of the Vehicle Importers’ Association Indika Sampath Merinchige said. Welcoming a recent announcement by the government that it will scrap an import ban on several types of commercial vehicles, Merinchige told reporters on Monday August 14 that the authorities […]
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Govt still lukewarm in allowing vehicle imports wary of balance of trade (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- More vehicles for MPs (Category: Breaking News)
Sri Lanka expects the first review by the International Monetary Fund (IMF) in September to be successful. State Minister of Finance Shehan Semasinghe said that the IMF will assess the programme’s performance until the end of June. “We welcome the IMF team in Sri Lanka
- Sri Lanka confident of reaching Staff Level deal with IMF (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
- IMF wants Sri Lanka to provide more relief to the poor (Category: Breaking News)
. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
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