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Market has risen throughout the week, but in thin trade.
- Sri Lanka shares on a roll, hit another high (Category: Breaking News)
- SL Stx at 12-Wk Low on Asian Alliance (Category: Breaking News)
- Palmer's float sinks (Category: Australia, Queensland)
- Sri Lanka shares gain over 2-pct in mid-day trade on positive interim budget (Category: Breaking News)
By Ashanthi Warunasuriya Sri Lanka is facing a fullblown humanitarian emergency, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said. The UN said in its latest update that currently close to 200 essential medicines are now out of stock in Sri Lanka, with a predicted shortage of another 163 critical over the […]
- SLPP Pradeshiya Sabha member Jagath Samantha arrested (Category: Breaking News)
- Australia deports Sri Lankan asylum seekers (Category: Breaking News)
- Protest opposite residence of Dhammika Perera (Category: Breaking News)
- Parliament informed about Basil’s resignation (Category: Breaking News)
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka PM wants opposition to call off boycott to proceed with 21A (Category: Breaking News)
Brokers see downward trend to continue in the next few weeks until interest rates come down.
- Sri Lanka shares on a roll, hit another high (Category: Breaking News)
- SL Stx at 12-Wk Low on Asian Alliance (Category: Breaking News)
- Sri Lanka shares gain over 2-pct in mid-day trade on positive interim budget (Category: Breaking News)
- Sri Lanka stocks down for 3rd straight session amid tax hike worries (Category: Breaking News)
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
- Sri Lanka constitutional reforms won’t be in effect till next parliament: opposition leader (Category: Breaking News)
- Sri Lanka justice minister calls for opposition support for his 21st amendment (Category: Breaking News)
- Sri Lanka PM must present fiscal consolidation plan, go for SOE reform: opposition MP (Category: Breaking News)
- Sri Lanka must not overlook Russia in favour of IMF, says MP Weerawansa (Category: Breaking News)
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
- Sri Lanka, China sign agreements to enhance bilateral cooperation (Category: Breaking News)
- China urges Sri Lanka to release detained fishermen (Category: Breaking News)
- Million dollar scam: 482 Chinese arrested (Category: Breaking News)
- China encourages more tourists - Govt (Category: Breaking News)
[…]The post IMF – Eagerly Awaited – Desperation Grows! appeared first on Colombo Telegraph.
- Dollar Crunch & Expanding Horizons (Category: Breaking News)
- Dollar Chase: Reforms & Audits (Category: Breaking News)
- Is Ranil’s Budget Only A Dream Of A New Economic Order? (Category: Breaking News)
- World Bank Assistance Too Is Subject To Conditions! (Category: Breaking News)
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
- Finland Prime Minister ousted, conservatives win tight vote (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting over debt crisis (Category: Breaking News)
- Sri Lanka former leftist leader blames IMF for Russia’s invasion of Ukraine (Category: Breaking News)
[…]The post Depart From The Comfort Zone! appeared first on Colombo Telegraph.
- The Senseless Killing Of 19A By 21A! (Category: Breaking News)
- Abolition Of The Executive Presidency (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
The Government is looking to provide food free of charge to 10% of the population, Prime Minister Ranil Wickremesinghe said. He said that due to the pending food shortage he was launching a food security program in the country. Prime Minister Ranil Wickremesinghe added that he was hopeful that through the food security program the […]
- Confirmed petrol shipment due on 22nd of July (Category: Breaking News)
- Ranil briefs UN chief on Sri Lanka’s environment policy (Category: Breaking News)
- Opposition to oppose any moves to postpone LG polls (Category: Breaking News)
- President confident on debt restructuring talks (Category: Breaking News)
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
- Fuel crisis - some recommendations (Category: Breaking News)
- Ailing Economy (Category: Business)
- Sri Lanka president urges ‘courage’ on National Day (Category: Breaking News)
- Sri Lanka Devalues Rupee, Plans Tax Cuts to Support Growth (Category: Breaking News)
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
- Samantha Power assures Ranil USAID support (Category: Breaking News)
- Sri Lanka won’t face hunger crisis, economic situation will get worse before it gets better: new... (Category: Breaking News)
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Sri Lanka PM writes to opposition leader, invites his party to join new government (Category: Breaking News)
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
Says guidance rate has reduced volatility
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Sri Lanka rates elevated amid failed float and DDR fears (Category: Breaking News)
- A Child’s Guide To Restrictions On Forex Forward Market (Category: Breaking News)
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
- Sri Lanka: Typical Propaganda By A Corrupt Nefarious Regime! (Category: Breaking News)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
- High Time To Repeal The PTA & Release All Prisoners Held Under It (Category: Breaking News)
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
- IMF says “require adequate assurances” on Sri Lanka’s debt sustainability restoration (Category: Breaking News)
- IMF team in Sri Lanka policy talks on program from August 24 (Category: Breaking News)
- Sri Lanka IMF discuss macro-fiscal plan, Finance Minister needed for policy sign-off (Category: Breaking News)
- CBSL governor hopeful Sri Lanka can achieve debt sustainability before IMF dates (Category: Breaking News)
“What the international community is looking for is long-term policy credibility and sustainability."
- Sri Lanka’s business mogul Dhammika Perera attempts to bring hope after govt failures (Category: Breaking News)
- EXPLAINER – Sri Lanka people’s hopes fade as monetary stability eludes new PM (Category: Breaking News)
- IMF says talks with Sri Lanka make significant policy progress (Category: Breaking News)
- Crisis-hit Sri Lanka’s interim budget aims ambitious revenue, debt cut targets (Category: Breaking News)
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
- China cautions Sri Lanka on IMF deal (Category: Breaking News)
- India slams Chinese envoy in Sri Lanka (Category: Breaking News)
- Is China playing with Sri Lanka’s bid to secure an IMF loan? (Category: Breaking News)
- China assures continued support to Sri Lanka (Category: Breaking News)
Cabraal has been prevented leaving the country from April 7
- President pays last respects to Central Bank Governor's mother (Category: Breaking News)
- President pays last respects to Central Bank Governor’s mother (Category: Breaking News)
- I'm not bother on Ranil's statement: Central Bank Governor (Category: Breaking News)
- ‘Now is the time to invest in Sri Lanka' (Category: Breaking News)
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
- Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (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)
Lack of parliament majority could drag the new prime minister's economic recovery plans
- Sri Lanka’s main opposition decides to conditionally support to new government (Category: Breaking News)
- Confirmed petrol shipment due on 22nd of July (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Sri Lanka’s new finance minister faces challenge of winning back international confidence (Category: Breaking News)
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
- Sri Lanka on brink of food crisis after economic meltdown (Category: Breaking News)
- Crisis-hit Sri Lanka’s president requests help from Indian, Chinese, Middle East envoys – PMD (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
- Sri Lanka Agripreneurs’ Forum recommends 10 proposals to overcome food crisis (Category: Breaking News)
Colombo: India continues help its close neighbor Sri Lanka which is facing the worst economic crisis in its history, by lending economic support and assistance. Indian Minister of Finance Nirmala Sitharaman told The International Monetary Fund recently to help Sri Lanka by extending its rapid aid
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- China leaves crisis-ridden Sri Lanka in the lurch to fend for itself (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
[…] The post IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? (Category: Breaking News)
Three leading international firms are among firms seeking to provide financial advice to Sri Lanka to help revamp $12 billion in external debt. According to Reuters, Ayres Investment Management LLP, DecisionBoundaries LLC and Perella Weinberg LP are among firms seeking to provide financial advice to Sri Lanka’s creditors as the country heads towards a revamp […]
- Airtel Lanka official telecommunications partner for Daraz 11.11 (Category: Breaking News)
- Jagath Samarawickrama takes oaths as new MP (Category: Breaking News)
- Police fire tear gas on IUSF protest near Education Ministry (Category: Breaking News)
- Another 15 Sri Lankan refugees arrive in Rameswaram (Category: Breaking News)
THE cost of living is a daily state of being, rather than a condensed number for the masses. However, the latest August data depicts dangerous signs for the Government as it heads towards elections. On Tuesday President Mahinda Rajapaksa was seen visiting the drought-hit regions ahead of his campaign trail in the three provinces that ...
- Inflation seen at 42-month high in July (Category: Business)
- Rupee fall drives inflation to 41-month high (Category: Business)
- CB says policy rates appropriate (Category: Business)
- India’s inflation hits three-year low, cenbank seen unmoved (Category: Business)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (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)
Reuters: Sri Lanka’s stock market fell for a third session to a more-than six-week low on Thursday, following Asian peers on a gloomy global economic outlook, a local liquidity shortage and forced selling to meet margin debt reductions. The island nation’s main share index closed 0.45 per cent or 30.50 points weaker at 6,762.38, its ...
- Controlling shareholder CFLB buys 12% more of Colonial Motors for Rs. 319 m (Category: Business)
- Bottomed Out or SEC change talk? Market opens week on the up (Category: Business)
- Royal Ceramics’ 2Q shines with half a billion pre-tax profit (Category: Business)
- Stock market up ahead of Budget; rupee weaker (Category: Business)
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