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Sri Lanka’s international creditors have formed a group to start debt restructuring talks with the embattled South Asian country. The group has hired heavyweight legal firm White & Case while Colombo will be represented by Clifford Chance. Amundi Asset Management, BlackRock, HBK Capital Management, Morgan Stanley Investment Management and T. Rowe Price Associates are among members of the [R...
- Colombo Lotus Tower attracts over 1.4 million visitors (Category: Breaking News)
- CPC and PUCSL at war over quality of crude oil (Category: Breaking News)
- President decides not to extend State of Emergency (Category: Breaking News)
- Sri Lankan Rupee continues to strengthen against USD (Category: Breaking News)
Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said on Thursday (Jun 16), as the island nation awaits official confirmation from the Indian government for a new US$500 million credit line for fuel. The country of 22 million people is caught in its worst financial crisis in […]
- Octane 95 Petrol available for 6 weeks (Category: Breaking News)
- Only limited amount of petrol available till 23rd June (Category: Breaking News)
- Final shipment of fuel under Indian Credit Line arrives in Sri Lanka (Category: Breaking News)
- Transportation of fuel temporarily suspended (Category: Breaking News)
[…]The post The National List & The House Of Duds appeared first on Colombo Telegraph.
- Important But Imperfect: Recommendations On The Draft 21st Amendment To The Constitution Bill (Category: Breaking News)
- Should The People Suffer In The Hands Of The Utterly Corrupt 1+225? (Category: Breaking News)
- Les Enfants Du Paradis – Part III (Category: Breaking News)
- Jugglery alleged in Constitution making process: SJB, Gevindu make strong case against jumbo Cab... (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)
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)
“Japan is our long time friend; a nation that has helped our country greatly. But they are now unhappy with us."
- Japan grants US$ 510 million loan to Sri Lanka for social and economic development (Category: Breaking News)
- Crisis-hit Sri Lanka in process to mend Japanese ties after cancelling LRT, ECT projects (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
- Japan halts 12 JAICA projects in Sri Lanka until IMF provides roadmap: minister (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 RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis appeared first on Colombo Telegraph.
- How long will power cuts be? (Category: Breaking News)
- Sri Lanka revenue officers slam politicians, policy makers for tax cuts (Category: Breaking News)
- WB cuts China growth forecast to 8.2% (Category: Business)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
[…]The post Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
- IMF – Eagerly Awaited – Desperation Grows! (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- Current Political Scenario: Smoke & Mirrors (Category: Breaking News)
- Reducing The Tax Burden (Category: Breaking News)
India extended an additional USD 500 million credit line to help Sri Lanka import fuel as the country has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in...Click on the headline to read the full story
[…]The post Could A ‘National Government’ Resolve The Crisis? appeared first on Colombo Telegraph.
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
- Recent Political Violence And Its Consequences (Category: Breaking News)
- Current Political Scenario: Smoke & Mirrors (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
- Inflation – Public Enemy Number One (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
Delays is fiscal reforms can reduce the recovery rate
- Exemptions for ACCA members to follow Australian MBA offered at CA Sri Lanka (Category: Business)
- National question must not be treated as a rift between the Sinhalese and Tamils with Muslims ca... (Category: Breaking News)
- 26th National CA Students’ Conference on 4 April (Category: Business)
- CA Sri Lanka goes to Kalmunai (Category: Business)
[…]The post A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore Didn’t? appeared first on Colombo Telegraph.
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
- A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? (Category: Breaking News)
Prime Minister Ranil Wickremesinghe today painted a gloomy picture for Sri Lanka saying the country will face an even more difficult time period in the short term. In an address to the nation today, the Prime Minister said that there are petrol stocks only for a single day, there is a possibility that the daily power […]
- PM warns fuel situation to get worse over next few weeks (Category: Breaking News)
- Fuel stocks sufficient for only around five days (Category: Breaking News)
- Leadership of Gota and Ranil rejected (Category: Breaking News)
- India focusing on ways it can help Sri Lanka economically (Category: Breaking News)
[…]The post The Story Of The Occasional Cinemagoer: Part II appeared first on Colombo Telegraph.
- GR Regime’s New Year Gift To Muslims (Category: Breaking News)
- GR Regime’s New Year Gift To Muslims (Category: Breaking News)
- GR Regime’s New Year Gift To Muslims (Category: Breaking News)
- Pandemic Causes Double Whammy For Sri Lankan Muslims (Category: Breaking News)
Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries. Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed […]
- China assures will not harm Sri Lanka’s interests (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lank... (Category: Breaking News)
- China’s attitude puzzles Sri Lanka (Category: Breaking News)
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
- Changing Pillows To Cure Headaches: Concepts, Solutions & Actions (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess (Category: Breaking News)
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
- What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- The First Step Of Aragalaya Is Completed: What Is Next? (Category: Breaking News)
- What’s The Country Need Now? (Category: Breaking News)
22-04-2022, Amsterdam: In the latest series of EFSAS interviews, Mr. Junaid Qureshi (Director EFSAS) welcomed virtually Professor Mick Moore, a highly regarded political economist and professorial fellow at the Institute of Development Studies at the University of Sussex. He is also the founding CEO of the International Centre for Tax and Development and was appointed […]
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- China leaves crisis-ridden Sri Lanka in the lurch to fend for itself (Category: Breaking News)
- 182 Experts Call For Debt Cancellation But Private Investors Play Hardball (Category: Breaking News)
- A Generational Shift To Face The Crisis In Sri Lanka (Category: Breaking News)
Foreign Exchange Reserves in Sri Lanka increased to 935708.40 in July of 2012 from 805876.40 in June of 2012, according to a report released by the Central Bank Of Sri Lanka. Historically, from 1975 until 2012, Sri Lanka Foreign Exchange Reserves averaged 132788.44 reaching an all time
- Reserve Status (Category: Business)
- Sri Lanka says doesn't need IMF money (Category: Breaking News)
- SL does not need IMF money (Category: Breaking News)
- SL does not need IMF money, Cabraal (Category: Breaking News)
When one reads the lead story published on the business pages of this newspaper in its last week edition, one realizes that Sri Lanka faces a serious governance issue right at the top. The article basically raised three issues: 1. Politicians have had invested in the bourse last year, that’s the reason for their vested ...
- Caveat Emptor (Category: Breaking News)
- Quo Vadis Exchange Rate? (Category: Breaking News)
- Bourse’s Volatility Here To Stay (Category: Breaking News)
- Pages out of order due to press problems (Category: USA, Montana)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
In the last 15 years, the major hospitals invested over Rs. 50 billion by way of total expenditure to increase capacity building within the private healthcare sector by investing in necessary infrastructure, cutting edge technology and continuous development in human capital in the clinical discipline. The centres have created several hundreds of employment opportunities with ...
- Making a difference (Category: Business)
- Arogya 2012 to promote local health sector (Category: Business)
- Services of Apollo Hospitals accessible from Sri Lanka again (Category: Business)
- Doctors’ Brain Drain: Health Security Concern In Sri Lanka (Category: Breaking News)
Reuters: Sri Lanka’s economic growth this year may range between 6.7% and 7.2% depending on the impact of a drought that has lasted since the beginning of the year, Treasury Secretary Dr. P.B. Jayasundera said on Thursday. The Central Bank has forecast 7.2% economic growth this year, after revising it down in March from the ...
- Central Bank emphatic dollars are coming (Category: Business)
- Appreciating the exchange rate to create prosperity (Category: Business)
- ComBank records highest growth in ‘Inter-Bank Electronic’ payments (Category: Business)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy. The findings highlighted the need ...
- Village as a developmental unit (Category: Business)
- China on track to meet 2012 growth target: Wen (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- China’s tight job market defies economic downturn (Category: Business)
Rising inflation coupled with state owned Central Bank of Sri Lanka’s (CBSL’s) huge stock of Treasury (T) Bills holdings helped T Bill yields to continue to make gains at last week’s T Bill auction as well. As a result, the weighted average yields for T Bills of all three tenures, namely 91, 182 and 364 ...
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- Rise In T Bill Yields Portends Lending Rate Hike (Category: Breaking News)
- $ Strengthens To Rs. 132.40 (Category: Breaking News)
- Rates Start Increasing (Category: Breaking News)
Sri Lanka has met the monetary and fiscal targets set forth by the IMF for the quarter ended 30.6.12., IMF’s Resident Representative in Colombo Dr. Koshy Mathai told a forum here on Wednesday. Those also include the net reserve target (ie Government of Sri Lanka’s (GoSL’s) foreign exchange
This country’s history is repeating itself with deadly accuracy. Last week Gotabaya Rajapaksa reiterated what Sinhalese leaders have been saying since the parting of ways with the Tamils in 1958. In an interview with the BBC on Monday (May12) Rajapaksa was asked about ‘a recent local government reshuffle in the north which has seen some ...
- T-junction in the road (Category: Business)
- RajapaksaÂs constitution unacceptable: TNA (Category: Breaking News)
- Govt.: No Sinhala Colonies In The North (Category: Breaking News)
- Sri Lanka's Tamil party oppose proposed constitutional reforms (Category: Breaking News)
Fitch Ratings has affirmed Sri Lanka’s Foreign- and Local-Currency IDRs at ‘BB-’. The Outlook for both the ratings is Stable. The Country Ceiling has also been affirmed at ‘BB-’, and the Short-Term Foreign Currency IDR at ‘B’. “The ratings reflect Fitch’s view that the authorities have taken the appropriate action to correct recent pressure o...
- Appropriate actions prompt Fitch to affirm Sri Lanka at ‘BB-’; Outlook Stable (Category: Business)
- Sri Lanka’s Outlook Goes To Positive From Stable (Category: Breaking News)
- Fitch Assigns Bank of Ceylon ‘BB-’ IDRs (Category: Breaking News)
- Sri Lanka’s Commercial Bank’s rating affirmed at ‘AA(lka)’/Stable (Category: Breaking News)
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