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Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- 03/12/2010 14:45 INDIA – CHINA – SRI LANKA Chinese aid to Sri Lanka could lead to conflict (AsiaNe (Category: Breaking News)
- Sri Lanka: Chinese companies begin road extension work in Jaffna (Category: Breaking News)
- Rock slows Sri Lanka port project (Category: Breaking News)
- Sri Lanka pins hopes on China-funded port (Category: Breaking News)
A Chinese Communist Party delegation including the Deputy Minister of the Department of the International Affairs of the Chinese Communist Party had talks with National Peoples’ Power (NPP) leader Anura Kumara Dissanayake. The Chinese delegation consisted of Sun Haiyan, Deputy Minister of the Department of International Affairs of the Communist Party of China and member […]
- Chinese Communist Party delegation meets Anura Kumara (Category: Breaking News)
- NPP says world has changed and so has it (Category: Breaking News)
- Anura insists visit to India will not change party policy (Category: Breaking News)
- IMF tells NPP it was unaware of all-party meeting (Category: Breaking News)
A delegation, led by Sun Haiyan, Deputy Minister of the Department of International Affairs of the Chinese Communist Party, met with National People’s Power (NPP) leader Anura Kumara Dissanayake at the JVP head office this morning (April 23).The post Chinese Communist Party delegation meets Anura Kumara appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Anura Kumara meets India’s Foreign Secretary Vinay Mohan (Category: Breaking News)
- Japanese Ambassador meets NPP Leader to discuss Economic and Political issues in Sri Lanka (Category: Breaking News)
- Anura Kumar meets India’s National Security Advisor (Category: Breaking News)
- NPP requests confirmation from SJB for proposed debate (Category: Breaking News)
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part II appeared first on Colombo Telegraph.
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Putin’s Last Stand (Category: Breaking News)
By Norman Palihawadana Archbishop of Colombo Cardinal Malcolm Ranjith yesterday (21) said the leaders of all faiths had joined the Galle Face protest campaign, but the Catholics had been singled out for criticism. Declaring that the protest campaign had been fueled by the economic crisis
- Those who failed to prevent carnage going places -Cardinal (Category: Breaking News)
- Cardinal Ranjith s request to President Ranil (Category: Breaking News)
- Easter attacks- Gotabaya responds to allegations made by Cardinal Ranjith (Category: Breaking News)
- Pope advises Cardinal not to let up on Easter issue (Category: Breaking News)
[…]The post Debt, Divestiture & Discontent appeared first on Colombo Telegraph.
- RW’s Plea In Paris & Predicament At Home (Category: Breaking News)
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific
- High Tech Private Buses (Category: Breaking News)
- No private buses on April 13 (Category: Breaking News)
- Lanka may appoint local advisors for small SOE divestment (Category: Breaking News)
- Private tanker owners withdraw from fuel transport services (Category: Breaking News)
Having hit a roadblock with international bondholders, uncertainty looms over the economy of crisis-hit Sri Lanka and an upcoming review by the International Monetary Fund (IMF), experts warn.
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF ready to support Sri Lanka s discussions with bondholders (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- Sri Lanka hoping to continue talks with bondholders after consulting IMF (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
Reuters reports that Sri Lanka intends to engage with the International Monetary Fund (IMF) to determine if its recent debt restructuring proposals align with the terms of its financial aid program, according to a statement from the finance ministry on Wednesday.The post Sri Lanka consults IMF after rejecting debt restructure proposal appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- Sagala meets with IMF representatives to discuss prior actions and debt restructuring (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
Sri Lanka informed the G-24 Finance Ministers and Central Bank Governors that the country’s economy has now stabilised. State Minister of Finance Shehan Semasinghe told the delegates during the IMF/WB Spring meetings in Washington that the growth momentum in Sri Lanka has commenced. “Highlighted the deep and wide ranging economic reform programme adopted to address […]
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
- Weerasena Gamage takes oaths as an MP (Category: Breaking News)
- Indigo commences direct flights between Mumbai-Colombo (Category: Breaking News)
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka bondholders’ proposal met with Government pushback (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- Sri Lanka could benefit from debt-for-nature swap (Category: Breaking News)
[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.
- Conundrum Of Elections & IMF Programme (Category: Breaking News)
- Legitimacy Deficit Haunts Government (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
- Economic growth of 1.8% is expected in 2024 - Semasinghe (Category: Breaking News)
- President at Economic Summit 23 underscores need for radical economic restructuring (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
- Debate Over Profits Of Banks: Who Shares Them Ultimately? (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
- Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. An... (Category: Breaking News)
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
- Elections & Economic Recovery (Category: Breaking News)
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Kristalina Georgieva selected to serve as IMF MD for second term (Category: Breaking News)
- Kristalina Georgieva selected for second term as IMF s Managing Director (Category: Breaking News)
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
[…]The post Undemocratic Rule Of Modi’s India Is A Security Threat To South Asia appeared first on Colombo Telegraph.
- Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt (Category: Breaking News)
- Rise Of Ultranationalism & Elections, Tamil Nationalism & Resurrection Of LTTE Ideology In Sri L... (Category: Breaking News)
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- Lanka Asymptomatic; US At ICU; India Near Morgue; Deadly Everywhere: Can The Authoritarian Pande... (Category: Breaking News)
Sri Lankan law enforcement officials engaged in the violent repression of protests must be held accountable for committing widespread human rights violations, said Amnesty International in a new investigative report. The report, ‘Ready to suppress any protest’ Sri Lanka: Unlawful use of weapons during protests’, analyses the use of force during policing of 30 protests that […]
- Sri Lankan Law Enforcement Officials Must Be Held Accountable For Abuses During Protests: Amnest... (Category: Breaking News)
- Sri Lankan authorities urged to exercise restraint (Category: Breaking News)
- Sri Lankan Authorities Must Exercise Restraint In Use Of Force & Facilitate The Right To Peacefu... (Category: Breaking News)
- OHCHR says all Sri Lankans have right of freedom of expression (Category: Breaking News)
[…]The post Sri Lankan Law Enforcement Officials Must Be Held Accountable For Abuses During Protests: Amnesty International appeared first on Colombo Telegraph.
- Rights group seeks accountability on Sri Lanka’s law enforcement officials (Category: Breaking News)
- Sri Lankan Authorities Must Exercise Restraint In Use Of Force & Facilitate The Right To Peacefu... (Category: Breaking News)
- Sri Lanka: Authorities’ Crackdown On Protest Rights Must End: Amnesty International (Category: Breaking News)
- Sri Lankan authorities urged to exercise restraint (Category: Breaking News)
Nearly Rs. 200 billion has been paid in 2023 alone to provide relief to the people affected by the economic crisis, Presidential Director General (Community Affairs) Mr. Rajith Keerthi Thennakoon said.The post Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis
- Rs 200 billion social safety net to support Sri Lanka s vulnerable populations amid economic tur... (Category: Breaking News)
- Sri Lanka Implements Its Most Robust Social Security Program (Category: Breaking News)
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Sri Lanka’s Trade minister says cost of living will reduce by 75% by end of First Quarter 2024 (Category: Breaking News)
The World Bank has found that more than a quarter of Sri Lanka’s population is living in poverty,according to its latest publication. Titled ‘World Bank Update: Bridges to Recovery’ released last week (April 2) shows that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 in Sri Lanka. […]
- SL has fifth highest food price inflation in world (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- Foreign jobs: growing mismatch between SL supply and global demand: World Bank (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
The assistance of the Asian Development Bank (ADB) to help Sri Lanka recover from the crisis will be aligned with the strategic objectives of the Bank’s country partnership strategy (CPS) 2024–2028, Takafumi Kadono, Country Director, Sri Lanka Resident Mission, ADB said. Mr. Kadono
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- President seeks ADB support to set up International University on Climate Change in Sri Lanka (Category: Breaking News)
- ADB assures more support but not debt cancellation (Category: Breaking News)
- Discussions on ADB support for several sectors in Sri Lanka (Category: Breaking News)
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.
- ICJ Ruling On Israeli Genocide In Gaza; Stopped Short Of Ordering A Ceasefire (Category: Breaking News)
- Middle East Conflict: Why We Should Support Israel? (Category: Breaking News)
- Isn’t It Time For Sri Lanka To Expel Israelis? (Category: Breaking News)
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
Colombo has demonstrated its own brand of strategic autonomy on issues from Russia’s war in Ukraine to China’s global footprint By Michael Kugelman Most South Asian governments tend to have nonaligned foreign policies, balancing their relations with major powers. This maximizes their diplomatic flexibility and ability to operate independently on the world stage, also known as […]
- Preparations for SLN’s Red Sea operations will cost USD 40 mn: expert (Category: Breaking News)
- Indian Ocean should not be ‘playground’ of world military powers: SL (Category: Breaking News)
- Navy Commander explains persistent problem of large number of Indian vessels poaching in SL waters (Category: Breaking News)
- Rise against state repression: A call to the people (Category: Breaking News)
Mr. Rajith Keerthi Tennakoon, President Director General of Community Affairs, stated that between President Ranil Wickremesinghe’s assumption of office and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments.The post Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement appeared first on ONLA...
- Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis (Category: Breaking News)
- Government settles US$ 1,909.7 million foreign debt and interest – Rajith Keerthi Thennakoon (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
By N Sathiya Moorthy It is inevitable that in the heat of an electoral battle, neighbours get mentioned, if not hurt. It is election time in India, to be followed by one or two in Sri Lanka – for the presidency and Parliament, though which would come first is known only to Mr God and President […]
- Jaya won’t give up Katchchatheevu (Category: Breaking News)
- Will not stop till Katchchatheevu is retrieved', Jayalalithaa (Category: Breaking News)
- Will a fishers’ defence force create more problems than solving any? (Category: Breaking News)
- Will not ‘stop’ till Katchchatheevu is retrieved: Jayalalithaa (Category: Breaking News)
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