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The stock market serves as a nexus where millions of buyers and sellers converge to engage in transactions. At its core, each transaction represents an agreement between a buyer and a seller, with the central element being the price. This price is not static; it fluctuates continuously, reflecting the equilibrium between supply and demand. The […]
- Should you invest in the stock market now? (Category: Breaking News)
- Insider trading: Good, bad or ugly? (Category: Business)
- Real potential of the Colombo stock market (Category: Business)
- MBSL expands investment management services on a regional level (Category: Business)
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
- The Urgent & Critical Issues Related To Climate Change (Category: Breaking News)
- Of That Heavy Carbon Footprint (Category: Breaking News)
- Forget politicians and bureaucrats (Category: Breaking News)
The chairman of the Colombo Stock Exchange (CSE), Dilshan Wirasekera, discusses opportunities for capital raising and the stock market outlook for 2024 in the following interview: Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the […]
- CSE conducts Issuer Relations Forum in Anuradhapura (Category: Breaking News)
- Funds raised via CSE up 65% to record Rs. 47.1 b in 2011 (Category: Business)
- Bourse still draws a beeline (Category: Business)
- SEC chairman calls for positive mindset, better housekeeping and collaborative synergies (Category: Breaking News)
[…]The post Reforming Education: Target For Creative Capital & Not For Mere Human Capital appeared first on Colombo Telegraph.
- Target 2048 – Go For Creative Capital And Not For Mere Human Capital (Category: Breaking News)
- Target 2048 – Develop A Knowledge-Based Innovative Economy (Category: Breaking News)
- Target 2048 – Complex Economy System (Category: Breaking News)
- A case for peer group based self-learning – Part 1 (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 said this when he met State Finance Minister Shehan Semasinghe and the island nation’s Central […]
- 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)
As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]
- ‘Recognizing, Inspiring and Strengthening’ SL’s exporters (Category: Breaking News)
- Brandix excels at export awards (Category: Breaking News)
- Dollars and conscience (Category: Breaking News)
- Why record export earnings may not be good news (Category: Breaking News)
Apropos our news items (in The Island of 18 April) “Australia-based doc alleges her flat illegally occupied by diplomatic mission employee”, the High Commission for the People’s Republic of Bangladesh in Colombo has sent us the following response: “We draw your kind attention to the publication of the news item titled “Australia-based doc alleges her […]
- Death of Upatissa Hulugalle (Category: Breaking News)
- Sri Lankan family murdered in Ottawa identified; teen suspect arrested (Category: Breaking News)
- “Move to hand over Sevanagala Sugar Co. to Daya G alleged”: PMD responds (Category: Breaking News)
- PAFFREL: Ranil offers to strengthen PCs, having postponed elections to them (Category: Breaking News)
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)
[…]The post Waging Peace! appeared first on Colombo Telegraph.
- The National People’s Power (NPP) (Category: Breaking News)
- Oh! Gaza, Oh! Palestine (Category: Breaking News)
- When I Become The President (Category: Breaking News)
- Is It Religious Extremism & Propagated For What? (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)
On 19 April, Indians will begin choosing a new parliament for the next five years, as Prime Minister Narendra Modi seeks a third consecutive term. Opinion polls put his Bharatiya Janata Party (BJP) and its allies ahead. They are up against the Indian National Developmental Inclusive Alliance (India), which groups more than two dozen opposition […]
- Rahul Gandhi returns to India’s parliament as MP (Category: Breaking News)
- Key wins boost Indian PM Modi’s re-election bid (Category: Breaking News)
- Delhi’s chief minister arrested over corruption claims (Category: Breaking News)
- Rahul Gandhi sentenced to jail for Modi ‘thieves’ remark (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)
A statement by academics of the university system We are in the midst of an existentially threatening economic crisis. With an ever-increasing debt burden and low economic prospects, we continue to grapple with uncertain economic futures and related social and political distresses. As university teachers, we are concerned about the multiplicity of recent proposals seeking […]
- Sri Lanka university lecturers want their issues resolved before admitting more students to univ... (Category: Breaking News)
- Seminar to be held to create awareness against leadership training programme for Sri Lankan univ... (Category: Breaking News)
- 10200 American scholarships on distant English learning for Univ. students. (Category: Breaking News)
- Sri Lanka to set up a Buddhist Univ. in Sanchi (Category: Breaking News)
Sri Lanka’s foreign reserves had exceeded the five billion US dollar mark, State Minister of Finance, Ranjith Siyambalapitiya told journalists in Colombo yesterday (15). Siyambalapitiya said that in the recent past the Central Bank had bought large quantities of dollars from the domestic market as well. Siyambalapitiya also mentioned that Sri Lanka, in 2022, limited the imports […]
- Year 2010 budget to be presented in parliament in June (Category: Breaking News)
- Govt expects its nutritional program to yield benefits (Category: Breaking News)
- Siyambalapitiya denies involvement in robbery . (Category: Breaking News)
- All measures in place for “Deyata Kirula” Exhibition (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)
Somali pirates have released a Bangladesh-flagged vessel and its 23-member crew after a ransom was reportedly paid. The MV Abdullah was carrying coal from Mozambique to the United Arab Emirates (UAE) when it was hijacked off Somalia’s coast about a month ago. The pirates alleged that they received $5m (£4m), but there is no independent […]
- Iceland violent volcanic flare-up triggers state of emergency (Category: Breaking News)
- Lost power, a mayday call and the crash that brought down a Baltimore bridge (Category: Breaking News)
- Israel military intelligence chief quits over 7 October (Category: Breaking News)
- Boeing plane engine cover falls off prompting investigation (Category: Breaking News)
[…]The post Planning For A Year Of Elections appeared first on Colombo Telegraph.
- Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World (Category: Breaking News)
- The Partnership Between NPP & JVP Must Be Emboldened (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- Anatomy Of A Change; From Wijeweera’s JVP To AKD’s NPP (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)
A Singaporean court has begun handing out sentences in a sensational case, which saw 10 Chinese nationals charged for laundering $2.2bn (£1.8bn) earned from criminal activities abroad. The scandal embroiled multiple banks, property agents, precious metal traders and a top golf club. It led to extensive raids in some of the most affluent neighbourhoods, where […]
- Pakistan accused of killing eight women and children in Afghanistan air strikes (Category: Breaking News)
- Bishop stabbed during sermon in Sydney (Category: Breaking News)
- OJ Simpson, NFL star cleared in ‘trial of the century’, dies aged 76 (Category: Breaking News)
- Girl, 8, only survivor as 45 killed in South Africa bus crash (Category: Breaking News)
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 but must maintain reform momentum: ADB appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
- ADB provides Sri Lanka access to concessional financing (Category: Breaking News)
- Sri Lanka seeks Asian Development Bank support in digitalization, agriculture (Category: Breaking News)
- ADB approves $350 Million for Sri Lanka economic stabilization programme (Category: Breaking News)
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
The Asian Development Bank (ADB) says Sri Lanka must continue to implement reforms to address the underlying causes of the economic crisis and lay the foundation for fostering sustainable recovery. The ADB’s annual flagship economic publication, the Asian Development Outlook (ADO) April 2024, forecasts Sri Lanka’s economy to record moderate growth of 1.9% in 2024 […]
- Debt-ridden Sri Lanka gets US$350m loan boost from ADB (Category: Breaking News)
- ADB approves $100M loan to provide Sri Lankan SMEs more access to finance (Category: Breaking News)
- Sri Lanka appeals to creditors for help (Category: Breaking News)
- Sri Lanka shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
The ban on vehicle imports to Sri Lanka is likely to be lifted in 2025, State Minister of Finance Ranjith Siyambalapitiya, State Minister of Finance Ranjith Siyambalapitiya said. The ban was imposed during the economic crisis to prevent Sri Lanka’s foreign reserves from depleting. The ban was later relaxed for certain sectors, especially the tourism […]
- Ban Ki-moon in Sri Lanka next week as GGGI President (Category: Breaking News)
- Overseas travel ban on Cabraal further extended (Category: Breaking News)
- Overseas travel ban on Diana Gamage extended (Category: Breaking News)
- Overseas travel ban on Cabraal extended (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)
The credibility of the Narendra Modi government’s neighbourhood first policy is evident as India is now planning to supply thousands of metric tons of onion to Sri Lanka after supplying vast quantities of essential commodities to Maldives under the pro-China Mohammed Muizzu regime. It is understood that besides this, India on April 3 allowed a […]
- Ballot boxes for Maldives’ polls to be placed in Sri Lanka (Category: Breaking News)
- Nepal batsman Airee smashes six sixes in an over (Category: Breaking News)
- Sydney bishop among multiple people stabbed at church in Sydney (Category: Breaking News)
- US citizens in Australia warned to be ‘vigilant’ and ‘exercise caution’ (Category: Breaking News)
LOLC Finance PLC, Sri Lanka’s premier Non-Banking Financial Institution (NBFI), has once again set a remarkable milestone in the digital finance landscape by clinching an outstanding five gold awards at the prestigious Lankapay Technnovation Awards 2024. This exceptional achievement fortifies LOLC Finance’s utmost expertise and innovation in the realm of digital financing, further emphasizing its ...
- DFCC Wins 1st Gold Award at LankaPay Technovation Awards for Commitment to Financial Inclusion (Category: Breaking News)
- ADB names ComBank its ‘Leading Partner Bank’ in Sri Lanka for 3rd year (Category: Breaking News)
- ICC Sri Lanka celebrates the Most Admired Companies of 2022 (Category: Breaking News)
- MCA Six a Side Tournament at Galle International Stadium (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)
According to sources familiar with the matter, Bloomberg reports that global investors and officials from Sri Lanka are expected to convene for a second round of discussions with the aim of restructuring $12 billion in defaulted global bonds later this month.The post Global investors and Sri Lanka officials set for second round of Bond Restructuring talks appeared first on ONLANKA - Sri Lanka Late...
- Sri Lanka, bondholders plan fresh round of debt talks this month - reports (Category: Breaking News)
- Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports (Category: Breaking News)
- Sri Lanka to start talks to restructure bonds next week (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
Rajith Keerthy Tennakoon Director General of Community Affairs at the President’s Office delivering a special media statement today (05) stated that between the assumption of office by President Ranil Wickremesinghe and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments. He also highlighted […]
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
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