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Sri Lanka’s inflation accelerated in November for a second straight month as energy tariffs were raised to keep the International Monetary Fund’s $3 billion bailout on track.The post Sri Lanka inflation rises for second month on high energy costs appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation eases to 2.5% in March 2024 (Category: Breaking News)
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- CCPI based inflation further drops to 57.2% (Category: Breaking News)
- Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist (Category: Breaking News)
[…]The post Responsible Investment Of Borrowed Money; Could This Be A Way Forward? appeared first on Colombo Telegraph.
- Responsible Investment Of Borrowed Money: Could This Be A Way Forward? (Category: Breaking News)
- An Attempt To Prioritise National Needs (Category: Breaking News)
- On “Reaching For The Stars” & Some Troubling Issues (Category: Breaking News)
- Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices (Category: Breaking News)
Minister of Transport and Highways and Minister of Mass Media Dr Bandula Gunawardena at a press briefing held at the Presidential Media Center today (30) said that the earliest Sri Lanka can recover from bankruptcy is in 2027, at which time it is envisaged that the countries foreign reserves which stand at USD 3.5 billion […]
Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The post IMF says Sri Lanka debt deal could help board clear first bailout review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF board approves first review of Sri Lanka’s nearly $3 billion bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
The French Development Agency’s (Agence Française de Développement also known as AFD) Regional Directorate is strengthening its base in Sri Lanka in line with the commemoration of 75 years of diplomatic relations between Sri Lanka and France. It also marks the enduring partnership between AFD Group and its Sri Lankan partners, which began in 2005 […]
- France to provide EUR 450,000 to CEB for renewable energy (Category: Breaking News)
- France continues support for Sri Lanka’s renewable energy plans (Category: Breaking News)
- EU, AFD, and World Bank support strengthening Sri Lanka s public finance management (Category: Breaking News)
- French government pledges support for the development process of Sri Lanka (Category: Breaking News)
By Hiran H. Senewiratne The trading activities at the Colombo Stock Exchange witnessed a positive trend yesterday after a negative streak in the past few days, following the much anticipated debt restructuring deal between Sri Lanka and its official creditors. “The Official Creditor Committee (OCC) and Sri Lanka agreed on the main parameters of a […]
- CSE wraps up the week on a positive note (Category: Breaking News)
- Treasury Bill rate hikes notably as investors switch to govt. securities (Category: Breaking News)
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- CSE indices hike to record levels; turnover touches Rs. 4.17 billion (Category: Breaking News)
Official creditors and Sri Lanka have agreed, in principle, on restructuring the country’s debt. The Paris Club said that following the launch event in April 2023, 17 countries formally formed, on May 9, an Official Creditor Committee (OCC) co-chaired by India, Japan and France (as chair of the Paris Club) to respond to the Sri […]
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
The Official Creditor Committee (OCC) has confirmed its agreement in principle on specific financing terms to restructure Sri Lanka’s debt in line with the parameters set in the IMF program, Sri Lanka’s Finance State Minister Shehan Semasinghe says.The post Official Creditor Committee confirms debt treatment deal with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Sto...
- Official creditors and Sri Lanka agree in principle on debt restructuring (Category: Breaking News)
- Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
A group of Sri Lanka's creditor nations are likely to reach an agreement on debt relief and an extension of repayment deadlines for the South Asian nation, Japan's Jiji News reported on Wednesday, without naming a source or giving any details.The post Creditor nations likely to agree on Sri Lanka debt restructuring – report appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top S...
- Sri Lanka’s creditors hold 1st meeting, with China as observer (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- Sri Lanka’s debt repayments to be suspended until 2028 – NikkeiAsia Reports (Category: Breaking News)
Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.The post Sri Lanka needs $100 billion to become net zero emitter by 2040, president says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka needs $100 billion to become net zero emitter by 2040, president says (Category: Breaking News)
- Govt. allocates 600 acres for proposed International Climate Change University (Category: Breaking News)
- President Wickremesinghe warns of climate crisis and unveils ambitious plans (Category: Breaking News)
- Sri Lanka to transition to green economy at a cost (Category: Breaking News)
Economic conditions and challenges prevailing last year have moderated somewhat, given the steadfast approach by policy makers and regulatory authorities towards economic recovery. We appreciate their efforts, and our results bear testimony to the progress made. Nevertheless, the road ahead remains challenging. A meaningful government budget, continued success of the IMF program, general price sta...
- ‘Sampath Bank maintains a strong value proposition to all its stakeholders amidst ongoing econom... (Category: Breaking News)
- Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023 (Category: Breaking News)
- Pan Asia Bank ready to leverage on economic revival amidst external challenges; posts steady 1H ... (Category: Breaking News)
- Pan Asia Bank posts steady performance during FY 2023 – (Category: Breaking News)
SLPP leader Mahinda Rajapaksa yesterday (28) hit back at critics, claiming that a robust economy had been built under his presidency. He said the UNP-SLFP government which ruled the country during the 2015-2019 period should be held responsible for the current economic crisis. The following is the text of a statement, titled ‘the origins of […]
- Sri Lanka Shippers’ Council perturbed by rescinding of Gazette No. 2014/10 of Oct. 2017 (Category: Breaking News)
- The Origins Of Sri Lanka’s Economic Crisis (Category: Breaking News)
- Ceylon Chamber identifies opportunities in Brazil during FIFA 2014 and Olympics 2016 (Category: Business)
- Expo 2014 coming next (Category: Business)
Last week, we delved into a significant event in New Zealand, where a group of affluent individuals expressed a willingness to voluntarily pay more taxes, only to have the tax authority reject their offer. This incident prompts questions about the fairness of the current tax system, particularly in relation to the lower tax rates paid […]
- President presents budget replete with reforms (Category: Breaking News)
- Middle class Sri Lankans forced to migrate due to proposed new income tax policy? (Category: Breaking News)
- Budget 2024 (Category: Breaking News)
- SHOULD WE BE INFORMANTS TO BOOST TAX REVENUE? (Category: Breaking News)
By Rathindra Kuruwita The Cabinet of Ministers has approved the signing of a loan agreement with the Asian Development Bank to borrow 60 million US dollars to complete the Integrated Road Investment Program (IRIP), cabinet spokesman Bandula Gunawardena told reporters on Tuesday. Addressing a press conference, Gunawardena said the IRIP was implemented using loan funds […]
- IMF final review discussion with President today (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
- U.S. commits USD 40M loan to support small businesses, empower Sri Lankan women (Category: Breaking News)
State Minister of Finance Shehan Semasinghe yesterday (28) said that investigations were still continuing into the alleged disappearance of Rs. 5 million from the Central Bank of Sri Lanka (CBSL). The State Minister stated that the CBSL initiated an internal investigation into the matter, while the Criminal Investigation Department (CID), too, initiated a separate probe. […]
- Orwellian Isle Ordeals (Category: Breaking News)
- Message from a Cell Death (Category: Breaking News)
- Post-Match Melancholia (Category: Breaking News)
- Empire’s Enchantment (Category: Breaking News)
[…]The post Futility Of A ‘UN Day Of Palestinian Solidarity’ – In A World Carrying Its Past Guilt! appeared first on Colombo Telegraph.
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
- Gazan Fire Fuelled By Western Genocide Enablers With A Scrambled Moral Compass! (Category: Breaking News)
- 75 Years On: The Shameful Legacy Of The ‘Palestinian Nakba’ Continues! (Category: Breaking News)
- If It Is Not ‘Genocide’ In Gaza, Then What Should We Call It? (Category: Breaking News)
[…]The post The Origins Of Sri Lanka’s Economic Crisis appeared first on Colombo Telegraph.
- Video: Out & About 14th August 2014 (Category: Video)
- Video: Out & About 2014 09 04 (Category: Video)
- Video: 240714glasgow 2014 (Category: Video)
- Video: Today 21st November 2014 (Category: Video)
The Government of Sri Lanka says it is planning to borrow USD 60 million from the Asian Development Bank (ADB) under the Second Integrated Road Investment Program (Tranche 4) to finance carrying out the critical works of the already commenced and incompleted road sections
The Cabinet of Ministers approved the proposal presented by the Minister of Finance, Economic Stabilization and National Policies to enter in to a loan agreement with the Asian Development Bank to obtain USD 60 million to complete the remaining work of the Integrated Road Investment Program (iRoad Program).
State Minister of Finance Shehan Semasinghe has revealed that several investigations are currently underway into the alleged misplacement of Rs. 5 million within the Central Bank of Sri Lanka (CBSL).
[…]The post No Democratic Logic To Hold Provincial Council Elections In 2025 appeared first on Colombo Telegraph.
- Preparing The Ground For Early Elections (Category: Breaking News)
- New Mandates Before New Amendments (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Rise & Fall Of Nationalism In North & South (Category: Breaking News)
By Hiran H.Senewiratne ‘Since local inflation has declined faster than expected, the CBSL Monetary Board has decided to reduce policy interest rates by 100 basis points to enable the economy to reach its true potential, CBSL Governor Dr. Nandalal Weerasinghe said at the monthly monetary policy review meeting held on November 24th at the Central […]
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
- Central Bank raises Policy Interest Rates (Category: Breaking News)
- CB eases lending and deposit interest rates (Category: Breaking News)
by Jehan Perera The government is facing an uphill task to rebuild the country which continues to be in a state of economic and moral decline which was evident in parliamentary proceedings last week. The initial hopes of a quick transition from the economic and moral decline that accompanied the pre-Aragalaya period ended with the […]
- Supreme court nudges govt., to democracy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
[…]The post Unwanted Palestine Blood Bath Due To Lack Of Honesty & Integrity appeared first on Colombo Telegraph.
- Condoning Israeli Aggression & Condemning Palestinian Resistance (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
- November 29 – UN Created Israel (Category: Breaking News)
- A Great American Dilemma: Israel-Hamas War – Is It Reverse Holocaust? (Category: Breaking News)
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
- IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds of thousands of signatures for its […]
- SJB blames Rajapaksas for impending financial burden on public, calls for Government change (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Response to economic revival plan pathetic: Harsha disappointed (Category: Breaking News)
- Little headway in cleaning mess (Category: Breaking News)
Farmers in the occupied West Bank face near-daily incursions and violence from Israeli settlers, to the point that they live in fear of having their homes and land stolen, they say. Added to that is the violence they witness in nearby urban areas, like Jein city and refugee camp that the Israeli army stepped up […]
- Biden to issue executive order targeting Israeli settlers attacking Palestinians in West Bank (Category: Breaking News)
- US announces visa bans after warning Israel over West Bank violence (Category: Breaking News)
- Mourners gather for Palestinian youth shot by Israeli forces (Category: USA, South Dakota)
- Mourners gather for Palestinian youth shot by Israeli forces (Category: USA, South Dakota)
A second group of Israeli hostages left Hamas captivity on Saturday, after hours of delay had increased the anxiety of desperate families. The Israeli military said 13 Israelis were released in Gaza and in exchange 39 more Palestinian prisoners were released by Israel in the West Bank. Hamas also released four Thai hostages. The first […]
- PM says Israel at war after 100 killed in attack from Gaza (Category: Breaking News)
- Israel’s PM Benjamin Netanyahu rejects Hamas’s proposed ceasefire terms (Category: Breaking News)
- Israel carries out intense air strikes on Khan Younis in southern Gaza (Category: Breaking News)
- Israel rescues two hostages in Rafah amid deadly strikes (Category: Breaking News)
Crowds have met 39 freed Palestinian prisoners in the occupied West Bank after 13 Israeli and four Thai hostages released by Hamas left Gaza through the Rafah crossing. The exchange on the second day of the four-day truce was delayed for hours over Hamas’s allegations that Israel was violating the truce deal and it was […]
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on Thursday, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 per cent and 10.00 per cent, respectively, CBSL said in a […]
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