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[…]The post Skeletons In The Cupboard appeared first on Colombo Telegraph.
The overall rate of inflation, as measured by the Year-on-Year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI), further decreased to 50.3% in March 2023, from 50.6% recorded in February 2023, the Department of Census and Statistics said.The post Food inflation in Sri Lanka drops to 47.6% in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka has a final opportunity to progress and it is imperative for everyone to collaborate in creating a prosperous community for future generations, without resorting to finger-pointing, emphasized President Ranil Wickremesinghe.The post Sri Lanka President says ‘this is our last chance to forge ahead’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...
Sri Lanka will assess a restructuring of its domestic debt next month and expects to finalise it by May, officials from the country s central bank and the Treasury told international creditors during a virtual presentation on Thursday.
Sri Lankan migrant workers foreign remittances improved in February 2023, recording a total of USD 407 million, the Central Bank of Sri Lanka (CBSL) says.
As families across the nation gear up for the upcoming Avurudu celebrations, Nations Trust Bank American Express is encouraging all of its valued Cardmembers to “Embrace Life’s Favourites #WithAmex’’. In the spirit of ringing in the New Year on a joyous and prosperous note, Nations Trust Bank American Express has put together a curated list […]
China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen "irresponsible" and "unreasonable" after Yellen said Beijing's lending activities leave developing countries "trapped in debt."The post China calls U.S. debt trap accusation ‘irresponsible’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it by May, central bank and treasury officials told creditors during a virtual presentation on Thursday.The post Sri Lanka expects to finalise domestic debt rework by May appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Efforts to damage caused by Tokyo funds projects continue By Shamindra Ferdinando Sri Lanka’s Ambassador in Tokyo Rodney Perera has said that in the wake of the IMF finalizing the latest loan facility, the country received an assurance from Japan that infrastructure development projects here would be provided Japanese funding.Rodney Perera quoted Japanese Prime Minister […]
Human Rights Watch (HRW) fears the International Monetary Fund (IMF) loan granted to Sri Lanka could erode rights in the country. The global human rights group said that the Government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability. On […]
The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held in Colombo from 27 to 29 March 2023 in with Sri Lankan President’s vision of enhancing economic relations with large and emerging economies, with a particular focus on ASEAN countries, the President’s Media Division (PMD) said. The PMD said […]
[…]The post IMF Loan Risks Eroding Rights; Sri Lanka Should Ensure Fair Taxes, Accountability For Corruption: HRW appeared first on Colombo Telegraph.
Chief of Presidential Staff and Senior Adviser on National Security to the President Sagala Ratnayake said that the construction sector’s problems will be addressed gradually as the country’s financial situation improves Ratnayake made this statement during the meeting of the working committee on interest rates and bank recovery measures to uplift the construction sector, held […]
The Governor of the Reserve Bank of India (RBI) Shri Shaktikanta Das and the High Commissioner of Sri Lanka to India Milinda Moragoda today discussed enhancing trade using the Indian Rupee. Continuing his engagement with key officials of the Indian Government, the High Commissioner of Sri Lanka to India Milinda Moragoda met with the Governor […]
The Central Bank of Sri Lanka (CBSL) has warned the public of significant risks associated with using and investing in cryptocurrency. Cryptocurrency is a type of virtual currency that is generated by private entities and not by a monetary authority of a country. The term ‘cryptocurrency’ refers to a digital representation of value that is […]
Thailand and Sri Lanka have completed the 4th round of talks on the Sri Lanka-Thailand Free Trade Agreement (SLTFTA). The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement was held in Colombo from 27 to 29 March 2023. This initiative aligns with the President’s vision of enhancing economic relations with large […]
The Central Bank of Sri Lanka (CBSL), in light of the recent public inquiries and the developments observed in cryptocurrencies, has reiterated the Âsignificant risks associated with using and investing in digital currencies.
[…]The post IMF’s Concern On Corruption appeared first on Colombo Telegraph.
Sri Lanka in the throes of the worst economic crisis since Independence has resorted to some desperate action; it has for the first time in its history declared bankruptcy, suspended debt repayment, secured an IMF bailout for the 17th time, and agreed to extremely stringent loan conditions, which have already caused social unrest with people […]
Having opened its doors in 1988, Seylan Bank, celebrated a milestone 35 years recently, of proudly serving all stakeholders with an unwavering dedication to excellence, a Seylan Bank press release said. The release adds: ‘The special occasion was commemorated with a religious ceremony at the Millennium Branch of the bank with the participation of the […]
Sri Lanka is expecting to obtain around US $ 1.36 billion funds from major multilateral agencies, including the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB), this year.The post Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
There are three most important priorities for Sri Lanka in the wake of the IMF Programme; implementation, implementation and implementation of the agreed upon benchmarks of the programme. Last thing we need to suddenly find is that we have gone off the track of the programme and it is suspended, Dr. Indrajit Coomaraswamy, Former Governor, Central Bank of Sri Lanka said on Friday.The post Sri Lanka...
[…]The post IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory appeared first on Colombo Telegraph.
[…]The post Still On The Rotten Bridge appeared first on Colombo Telegraph.
A popular Zimbabwe preacher who has links with a pastor in Sri Lanka, has denied allegations of corruption after he was accused of gold-smuggling. Issuing a lengthy statement, Presidential Envoy and preacher Uebert Angel, said that the allegations in an Al Jazeera documentary was part of a well-crafted ploy to trap the Ambassador and tarnish […]
ECONOMYNEXT – Sri Lanka is projected to lend 2,533 million US dollars mainly to the US and Euro areas during an International Monetary Fund deal in 2023 including a mandatory 1.4 billion US dollars collected from exports and remittances, according to official documents. Sri Lanka is expected to get two tranches of 331.2 million dollar […]
[…]The post President Joe Biden’s Headaches; Economic, Political & Social appeared first on Colombo Telegraph.
USD 121 million out of USD 333 million, the first tranche that was extended to Sri Lanka by the International Monetary Fund (IMF), was used to pay the instalment of the Indian credit line yesterday (March 24), State Minister of Finance Ranjith Siyambalapitiya said.The post USD 121 Million paid to India from first tranche of IMF loan received to Sri Lanka appeared first on Sri Lanka News - Latest B...
[…]The post IMF Deal Is Not A Solution – Restart Decisive Struggle Against Government Attacks! appeared first on Colombo Telegraph.