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The Samagi Jana Balawegaya (SJB) has urged the government to maintain transparency in the ongoing debt restructuring process as national elections are around the corner and that the next government will have to honour the conditions agreed upon by the incumbent administration. The SJB said so soon after the government of Sri Lanka rejected international […]
WB: Sri Lanka needs ‘robust and credible structural reforms’ Poverty in Sri Lanka has increased over the past four years, from 11 percent in 2019 to 26 percent in 2024, and the country needs ‘robust and credible structural reforms,’ says the latest report released by the World Bank. The WB report, titled ‘Sri Lanka Development […]
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. “
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 ...
President Ranil Wickremesinghe assured solutions to plantation workers during a walk along the Pekoe Trail in Nuwara Eliya. The “Pekoe Trail” spans 300+ km through the Central Highlands of Sri Lanka, regarded as one of Asia’s best-kept secret routes. Originating from the renowned city of Kandy, it extends south towards the Hatton and Horton Plains […]
[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
DFCC Bank, a pioneering financial institution that empowers women through financial inclusion, proudly supported the prestigious WCIC Prathibhabhisheka Women Entrepreneur Awards 2023 as the Diamond Sponsor and Banking Partner recently. This partnership underscores DFCC Bank’s unwavering commitment to nurturing entrepreneurship and innovation, particularly the pivotal role of women in Sri Lan...
Coca-Cola has announced Kaushali Kusumapala’s appointment as the new Country Director for Sri Lanka and Maldives, effective from 1st April 2024. Making history as the first Sri Lankan woman in this position, Kaushali succeeds former Country Director, Pankaj Sinha, who assumed the role in 2019. In this position, Kaushali will closely collaborate with bottling teams, […]
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
[…]The post How Long Can The People Be Fooled? appeared first on Colombo Telegraph.
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.
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
[…]The post Undemocratic Rule Of Modi’s India Is A Security Threat To South Asia appeared first on Colombo Telegraph.
[…]The post Embracing the Cryptocurrency Wave, Sri Lanka Ventures into Bitcoin and Blockchain Technology appeared first on Colombo Telegraph.
The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) for April 2024, forecasts moderate growth in Sri Lanka’s economy of 1.9% in 2024 and 2.5% in 2025, following two consecutive years of contraction.The post Sri Lanka shows signs of recovery
, forecasts Sri Lanka’s economy to record moderate growth of 1.9% in 2024 […]
It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks […]
The Asian Development Bank (ADB) says its annual flagship economic publication  the Asian Development Outlook (ADO) April 2024  has projected Sri Lanka s economy to record moderate growth of 1.9% in 2024 and 2.5% in 2025 following two consecutive years of contractions.
[…]The post With A View To A Kill (Master Spy-James Bond)! appeared first on Colombo Telegraph.
Thursday 11th April, 2024 Astrologers were clashing over the traditional New Year auspicious times or nekath, at the time of writing. Some of them are of the view that the nekath prepared by what is described as the State Astrologers’ Committee of the Department of Cultural Affairs will have malefic effects on the country. However, […]
A response to the ‘Anatomy of a movement: Jathika Chinthanaya’ by Dr. Sumedha S. Amarasekara This article is a response to the question- ‘If the failure of the left was what portended Jathika Chinthanaya, what would the sterility and decay of Jathika Chinthanaya portend?’ asked by Uditha Devapriya (UD) at the end of his article: […]
Sunrisers Hyderabad have signed 22-year-old Sri Lanka legspinner Vijayakanth Viyaskanth as a replacement for the injured Wanindu Hasaranga at his reserve price of INR 50 lakh. Hasaranga was officially ruled out of IPL 2024 on Saturday owing to chronic pain in his heel that initially delayed his arrival for the tournament. Viyaskanth first rose to […]
If the economy of Sri Lanka gets better next year, there will be a possibility of importing vehicles, said Finance State Minister Ranjith Siyambalapitiya.The post Sri Lanka to import vehicles in 2025 if economy improves appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
In a landmark move, the Hambantota International Port (HIP) commenced its inaugural container transshipment service operated by the Mediterranean Shipping Company (MSC). MV ‘MSC Ingrid’ made her maiden call at HIP on 9th April, discharging a total of 500 plus TEUs of transshipment containers to be connected to a second carrier, ‘MSC Sky 11’ expected […]
Sri Lankan President Ranil Wickremesinghe emphasized the importance of modernizing the legal system to effectively implement the government’s program aimed at fostering rapid economic growth in the country.The post Sri Lanka President calls for legal modernization to propel Sri Lanka’s economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
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. […]
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 made this comment at the ‘Serendipity Knowledge Programme’ (SKOP) held on April […]
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[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.