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Sri Lanka sent a new restructuring proposal to dollar bondholders through its adviser Lazard as the South Asian nation seeks to complete overhauling its defaulted debt, according to people familiar with the matter. A counter proposal to a bondholder group’s offer in October for a 20% haircut and the issuance of macro-linked bonds was conveyed […]
- Criminal probe on GGG activists over money in bank accounts (Category: Breaking News)
- Sri Lanka to start restructuring talks with investors next week (Category: Breaking News)
- Nine Iranians in Sri Lanka sentenced to death (Category: Breaking News)
- PM warns fuel situation to get worse over next few weeks (Category: Breaking News)
Sri Lanka s inflation is expected to return to the government s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis.
Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...
- June 30 declared a special bank holiday (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Central Bank Governor optimistic about IMF approval for Sri Lanka’s second tranche of extended f... (Category: Breaking News)
- 2303 Budget imperative to stabilize country s economy - CBSL governor (Category: Breaking News)
The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily reliant on tourism, suffered […]
- China’s Efforts to Pressure Sri Lanka into Signing FTA through Debt Restructuring (Category: Breaking News)
- Maldives’ Anti-India Leadership Sparks Public Ire and Economic Turmoil (Category: Breaking News)
- Maldives’ Economic Downfall Under President Muizzu’s Choices (Category: Breaking News)
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
[…]The post Tailoring Our Needs To Match International Legal Requirements appeared first on Colombo Telegraph.
- Energy Options: Fossil Or Renewable? (Category: Breaking News)
- Responsible Investment Of Borrowed Money; Could This Be A Way Forward? (Category: Breaking News)
- The Cost Of Dying (Category: Breaking News)
- Yukuthiya & The Perils Of Overkill (Category: Breaking News)
I became the first person to officially transact using UPI in Sri Lanka on February 12th 2024. In the presence of three heads of states/ governments. Leaders of India, Sri Lanka and Mauritius watched the transaction and celebrated its success with applause. So what is UPI ? How does it benefit indian consumers, merchants and […]
- Only three transactions per LankaQR merchant code in 2023 (Category: Breaking News)
- India and Sri Lanka fail to reach deal on fee payments for RuPay transactions (Category: Breaking News)
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
- India’s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
… draws attention to discrepancy in beneficial interest rates for EPF members By Shamindra Ferdinando Dissident SLPP lawmaker Gevindu Cumaratunga yesterday (18) said that the Wickremesinghe-Rajapaksa government owed an explanation how the Governing Board of the Central Bank had approved a massive salary increase to CBSL employees at a time the country was experiencing developing […]
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
- Gevindu presses PM over EPF matter, discrepancy in interest payments (Category: Breaking News)
- MPs call for abolition of collective agreement (Category: Breaking News)
- Central Bank salary controversy: MP finds fault with composition of Governing Board (Category: Breaking News)
[…]The post RW-Israel Honeymoon & Political Matchmaking appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Saboteurs & Charlatans Of Reconciliation (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
[…]The post Sriyani Hulugalle’s ‘Shadows Of Hantana’: A Romantic Experience For Readers appeared first on Colombo Telegraph.
- Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? (Category: Breaking News)
- The Man Unburied: War Through The Pulse Of A Field Soldier (Category: Breaking News)
- Story Of A Social Outcast: Is Salvation Only Through Education? (Category: Breaking News)
- Sirimavo B’s Statesmanship Through Eric J. De Silva’s Eyes (Category: Breaking News)
[…]The post Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinians Under Zionist Occupation appeared first on Colombo Telegraph.
- Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinian... (Category: Breaking News)
- Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinian... (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
- Gaza In End Times (Category: Breaking News)
The Sri Lankan Government is confident of completing the entire debt restructuring process by June this year. State Minister of Finance Ranjith Siyambalapitiya said that bilateral debt is expected to be restructured by March. He also said that discussions are ongoing with private creditors and their debt is likely to be restructured by April. The […]
- Ban on passengers wearing gold jewellery over 22 carats (Category: Breaking News)
- Ranjith Siyambalapitiya elected Deputy Speaker after secret vote (Category: Breaking News)
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
Siddhalepa, the esteemed Ayurvedic entity in the island, celebrated the resounding success of its ninth annual Kekulu Children’s Art Competition, culminating in a splendid award ceremony on January 21, 2024, at the J.R. Jayawardene Center. The event was graced by the distinguished presence of Chief Guest Mr. Douglas Alliston, Managing Director of Fragrance Oils, along […]
- Mind Star winners rewarded (Category: Breaking News)
- Dialog rings Gold to first round winners (Category: Business)
- 30th Gratiaen Prize winners shortlisted (Category: Breaking News)
- Saluting Sri Lankan Spikes winners (Category: Business)
Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
- CCPI based headline inflation increases in November 2023 (Category: Breaking News)
[…]The post What Is Necessary In Gaza? Ceasefire Or Peace Keeping, Or Both? appeared first on Colombo Telegraph.
- Dangers Of Israel-Hamas War (Category: Breaking News)
- Israel – Most Condemned UN Member (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)
Drought threatens until mid-April, urgent health and environmental measures required Weather in Sri Lanka will be drier than usual until mid-April due to El Niño and The Indian Ocean Dipole, Director General of Meteorology, Athula Karunanayake said. According to Karunanayake the country’s Met Department predicted these developments in 2023 and had urged the government to […]
- WeatherTalk: Even snowy winter months are dry (Category: USA, North Dakota)
- WeatherTalk: Even snowy winter months are dry (Category: USA, North Dakota)
- WeatherTalk: Even snowy winter months are dry (Category: USA, North Dakota)
- WeatherTalk: Even snowy winter months are dry (Category: USA, North Dakota)
By Saman Indrajith The government’s decision to give two million farming families freehold land deeds will lead to shanty towns popping up in most major towns in Sri Lanka, Pivithuru Hela Urumaya (PHU) leader Udaya Gammanpila said. Gammanpila added that President Ranil Wickremesinghe’s Urumaya Freehold Deed Programme could probably mark the end of Sri Lankan […]
- ‘Socially vulnerable’ towns and cities still lag behind in vaccinations for 75-and-older, even a... (Category: USA, Arkansas)
- Postcards From The Road: Grace Grad Captures Essence Of Small Towns (Category: USA, Indiana)
- Postcards From The Road: Grace Grad Captures Essence Of Small Towns (Category: USA, Indiana)
- Postcards From The Road: Grace Grad Captures Essence Of Small Towns (Category: USA, Indiana)
The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is mainly based on information that was considered by the Monetary Policy Board of the Central Bank of Sri […]
- Value Added Tax amendment hits inflation target (Category: Breaking News)
- 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 of Sri Lanka says annual economic growth expected to turn positive in 2024 (Category: Breaking News)
Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on April 26, 2024 (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on April 27, 2024 (Category: Breaking News)
India s main opposition political party- the Congress claimed on Friday (Feb 16) that all its bank accounts have been frozen. Addressing a press conference, Congress treasurer Ajay Maken said the accounts have been frozen ahead of the Lok Sabha elections.
- Grassley pushes for bipartisan coronavirus aid package (Category: USA, Iowa)
- Grassley pushes for bipartisan coronavirus aid package (Category: USA, Iowa)
- Congress votes on pushing 25th Amendment to remove Trump, but Pence refuses - CNET (Category: Technology)
- Grande: Federalism is the only answer (Category: USA, North Dakota)
Sri Lanka s annual economic growth is expected to remain positive in 2024 and gradually reach its potential over the medium term, the Central Bank said in its latest monetary policy report.
President Ranil Wickremesinghe attended the inauguration of the Anuradhapura North Water Supply Project on Thursday morning (February 15), sourced from the Mahakanadarawa Lake.The post President engages in addressing farmers’ issues surrounding Mahakanadarawa Lake appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- The President engages in addressing farmers’ issues surrounding Mahakanadarawa Lake (Category: Breaking News)
- Protesters confront Police as President opens Anuradhapura water project (Category: Breaking News)
- Shasheendra Rajapaksa sworn in as Minister of State for Irrigation and Water Supply (Category: Breaking News)
- President initiates fourth phase of ‘Bharat-Lanka’ housing project (Category: Breaking News)
[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
- The Menace Of Political Nepotism: Sri Lanka’s Downfall (Category: Breaking News)
- Shocking Incident Involving Mormon Leader’s Assault Of Sri Lankan Father Leads To Charges & Cour... (Category: Breaking News)
- A Government Without The Wickremesinghes & Rajapaksas (Category: Breaking News)
- The Rise & Fall of Bhanuka Rajapakse: How Sri Lankan Cricket’s Mismanagement Dimmed A Superb Tal... (Category: Breaking News)
The Government of Maldives has deported 186 foreign nationals, including 25 Sri Lankans, accusing them of committing crimes such as visa violations and drug offenses.The post Maldives deports 25 Sri Lankans over visa violations and drug offenses appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Maldives deports 25 Sri Lankans over illegal activities (Category: Breaking News)
- Fears over deported Sri Lankans (Category: Breaking News)
- Biometric Barrier (Category: Business)
- Deported student vanished without trace, say family (Category: Breaking News)
Sri Lanka s spike in inflation is expected to be short-lived and will return to the targeted 5% in the medium term, a monetary policy report released by the central bank said on Thursday as the island nation s economy stabilises from a crippling financial crisis.
By Nimali Liyanage B.Sc. Accountancy (Sp.), FCA The broadening of the tax net and the removal of the Value Added Tax (VAT) exemptions have had a positive impact on the economy, but the government will not earn the expected tax revenue if some basic reconciliations cannot be done by the Inland Revenue Department’s (IRD) RAMIS […]
- SHOULD WE BE INFORMANTS TO BOOST TAX REVENUE? (Category: Breaking News)
- IRD announces financial relief initiative for senior citizens (Category: Breaking News)
- Govt plans Revenue Authority to monitor underperforming IRD, Excise dept, Customs (Category: Breaking News)
- Champika Ranawaka’s Journey To Presidency: Forging His Own Path (Category: Breaking News)
By Hemantha Randunu Piyum Hasthika alias Piyuma, a member of the gang led by a drug kingpin named Kudu Salindu, was extradited from Dubai yesterday.Hasthaka, 26, is supposed to have managed Salindu’s narcotics operations in Sri Lanka and Dubai. He had carried out several murders, arms trade, etc., on the instructions of Salindu. police said. […]
- Police team off to Dubai to bring back SL criminals (Category: Breaking News)
- Man leaves for Dubai despite testing COVID-19 positive (Category: Breaking News)
- Man leaves for Dubai despite testing COVID-19 positive (Category: Breaking News)
- President Ranil to leave for Dubai to attend COP28 climate conference (Category: Breaking News)
[…]The post Middle East War & Radical Islam appeared first on Colombo Telegraph.
- Netanyahu’s Madness (Category: Breaking News)
- Between Pax Americana & Eretz Israel Palestine Withers (Category: Breaking News)
- Israeli Right To Defend & Palestinian Right To Be Free (Category: Breaking News)
- Condoning Israeli Aggression & Condemning Palestinian Resistance (Category: Breaking News)
By Hiran H.Senewiratne Foreign and local investor participation in the CSE showed significant improvement yesterday due to a decline in Treasury bill yields, market analysts said. However, stock market activities were not strong due to depressing conditions in the political arena and because of the absence of market- driven activities, analysts said. The All Share […]
- Lanka IOC and banking sector stocks propel bourse to positive trajectory (Category: Breaking News)
- Bondholders’ transparency concerns hold up share market (Category: Breaking News)
- Dropping inflation stimulates business sentiment elevation in bourse (Category: Breaking News)
- Negative investor sentiments manifest in the wake of NCM against Speaker (Category: Breaking News)
160 recipients of ‘RemitPlus’ remittances to win Rs 25,000 each from February to April Cash rewards totaling Rs 4 million are to be showered on Commercial Bank’s remittance customers in an early countdown to the Sinhala and Tamil New Year and Ramadan. Over eight weeks commencing February and ending on 9th April, Sri Lanka’s benchmark […]
- Commercial Bank to shower gifts on remittance customers this Avurudu (Category: Business)
- Migrant workers remittances record sharp increase in May (Category: Breaking News)
- Workers remittances in August reaches USD 325.4 mn (Category: Breaking News)
- People’s Bank Vaasi Kotiyai Awards Gold Sovereigns for 25 winners (Category: Breaking News)
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