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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
- 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)
Sri Lanka is to target the export market for poultry and eggs, the President’s Media Division said today. Senior Advisor to the President on Food Security Dr Suren Batagoda said that most of the issues related to the industry could be solved by way of coming to a collective agreement among all the stakeholders and […]
- Former UK PM David Cameron holds talks with RW (Category: Breaking News)
- Mahinda holds talks with Sampanthan (Category: Breaking News)
- Gotabaya pictured at Dubai’s private ‘Fame Park’ (Category: Breaking News)
- Maithripala, Dullas, Wimal form Freedom People’s Alliance (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)
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
- 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’s official unemployment rate climbed, raising serious concerns for the policymakers, as the economic crisis is taking a severe toll on jobs, with many small and medium-sized businesses are either closing down or pushed to the brink amid elevated input costs, interest rates and decline
- Expatriate Workers’ remittances in January stood at USD 437 Million – Manusha (Category: Breaking News)
- Sri Lanka records highest GDP growth of 8.5% in 8 yrs (Category: Breaking News)
- New employment scheme with Saudi Arabia sparks hope among Sri Lankan workers (Category: Breaking News)
- Economy sees record growth (Category: Breaking News)
Govt-EC battle over LG polls: By Shamindra Ferdinando President of the Bar Association of Sri Lanka (BASL) Saliya Pieris, PC, says the Election Commission (EC) has retained him as its Counsel as Attorney General Sanjay Rajaratnam, PC, does not appear for the EC in a fundamental rights case filed against the conduct of the scheduled […]
- EC informs SC of its intention to conduct scheduled LG polls (Category: Breaking News)
- SJB asks whether govt. decided to do away with LG elections (Category: Breaking News)
- Opp. asks if AG, EC backing conspiracy to put off LG polls (Category: Breaking News)
- LG polls to be held on 25 April (Category: Breaking News)
By Zinara Rathnayake My mother is a good cook. My father is just slightly better. That’s how my younger sister would always describe my parents’ food. She’s right. My mother cooked delicious curries. But my father cooked the food we hold dear.My father grew up in Nabiriththawewa, a small village in Kurunegala. Unlike his two older […]
- A Sticky Sri Lankan Dessert Steeped in History (Category: Breaking News)
- In Sri Lanka . Lamprais keeps the Dutch Burgher legacy alive (Category: Breaking News)
- Purest food on earth? (Category: Breaking News)
- Maha ovita (My Grandfather’s Vegetable Plot ) (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
- 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)
- Sirisena, SLFP enmeshed in Easter Sunday fallout (Category: Breaking News)
- Proroguing The Parliament – A Political Subterfuge! (Category: Breaking News)
The Treasury is facing a serious shortage of funds, the Government revealed today. President Ranil Wickremesinghe informed the Cabinet that the Treasury is running short of funds owing to the 2022 economic crisis, Cabinet Spokesman Bandula Gunawardena said today. As a result, all Ministries
- Ranil takes oaths as Finance Minister (Category: Breaking News)
- Ranil raises concerns over attempts to surround his house (Category: Breaking News)
- 21st Amendment to the Constitution presented to Cabinet (Category: Breaking News)
- PM warns fuel situation to get worse over next few weeks (Category: Breaking News)
Covid surge in China had hit its southern commercial hub Guangzhou, denting its economic prestige as it faces a difficult road to recovery, reported The Straits Times. Three weeks after Xi Jinping, China’s top leader tried to reinvigorate China’s stalled economy by abruptly abandoning his stringent pandemic restrictions, downtown Guangzhou is faced with an unpredictable […]
- As China doubles down on ‘zero-COVID’, some have had enough (Category: Breaking News)
- First group of Chinese tourists arrive since COVID-19 (Category: Breaking News)
- China at a crossroads: Confronting COVID limitations (Category: Breaking News)
- China ends COVID-19 travel restrictions for incoming passengers (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 –
- 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)
[…]The post President RW’s Priority In 2023 appeared first on Colombo Telegraph.
- Sri Lanka 2023: Bouquets & Brickbats (Category: Breaking News)
- Charting A New Beginning? (Category: Breaking News)
- Political Hawks Can Hijack The Post-Aragala Agenda! (Category: Breaking News)
- Dream Team For National Reconciliation (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
- 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)
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
- Food insecurity improves in Sri Lanka but prevails within specific regions- report (Category: Breaking News)
- Food Oppression (Category: Business)
- Food Taxes (Category: Business)
- Food insecurity improved in Sri Lanka but prevails within specific regions  FAO and WFP (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
- 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 power crisis. They are behaving like a […]
- How long will power cuts be? (Category: Breaking News)
- No power cuts today (Category: Breaking News)
- Power cuts during today as well (Category: Breaking News)
- NO POWER CUTS (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)
The local media industry has been hit hard by the prevailing economic crisis as money spent on advertising decreased by around 70 percent while production costs were on an incessant rise, journalists and media organization representatives informed the National Council Sub Committee on Economic
- Opposition to appoint alternative committee (Category: Breaking News)
- Loans for media personnel (Category: Breaking News)
- PB to be blamed for economic downfall (Category: Breaking News)
- SC ruling: SLPP always respects judiciary – NR (Category: Breaking News)
Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades.The post Sri Lanka’s economy shrinks 11.8
- Sri Lanka’s Economy suffers worst contraction in 2022 (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Jobless rate rises to troubling levels as economic crisis stings employment (Category: Breaking News)
- Sri Lanka GDP outlook slashed as economy struggles to recover – report (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
- 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)
MP Prof. Channa Jayasumana has attributed the ongoing medicinal shortage in the country to the dollar crisis, and a lack of communication among the relevant authorities.
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
- 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)
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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