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The International Monetary Fund (IMF) this week praised Sri Lanka for the progress it has made in implementing economic reforms, despite the difficulties faced by the public.The post IMF praises Sri Lanka’s economic progress amid challenges appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Monetary Reserves (Category: Business)
- Top Marks (Category: Business)
- IMF says Sri Lanka is doing well (Category: Breaking News)
- IMF mission concludes visit to Sri Lanka, expresses satisfaction on economic progress (Category: Breaking News)
by Neville Ladduwahetty The question cited above was the title of an article published in Ceylon Today by N. Sathya Moorthy (SM), who identifies himself as a Chennai based Policy Analyst/Political Commentator (Friday 10, 2024).The answer to his question is – NOT YET. For the present, stealing is limited to marine assets and the destruction […]
- Implications of India – Sri Lanka connectivity (Category: Breaking News)
- Jaishankar pledges energy support, says bilateral creditors must be equally treated (Category: Breaking News)
- Renewable energy, India extends hand to Sri Lanka (Category: Breaking News)
- PM Modi’s comments: ‘Ensure dignity and respect for Tamils’ (Category: Breaking News)
During the first quarter of 2024, Bank of Ceylon demonstrated impressive growth and resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, a substantial increase compared to the previous year, illustrating its dedication in challenging economic conditions. As favorable conditions emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, […]
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- ComBank begins 2024 with impressive growth (Category: Breaking News)
- COMBank’s 1Q pre-tax profit up 40% to Rs 4.145 b (Category: Business)
- Singer Sri Lanka revenue grows by over Rs. 1 b in first quarter (Category: Breaking News)
The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet. The Group […]
- Rs 10 billion allocated for renovation of rural roads (Category: Breaking News)
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- Rs. 1.5 billion allocated for the development of school cricket at provincial level (Category: Breaking News)
- Banks loosen tight fists (Category: Business)
India’s fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka. Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India’s High Commissioner to Sri Lanka Santosh Jha attended the launch event in Sri Lanka. In a post on X, the Indian High Commission in Sri Lanka stated, “Unlocking new frontiers in […]
- 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)
- India and Sri Lanka fail to reach deal on fee payments for RuPay transactions (Category: Breaking News)
- The UPI revolution: Cashless digitized economy activated (Category: Breaking News)
DFCC Bank recently unveiled its Annual Report 2023, spotlighting the Bank’s remarkable achievements against a backdrop of formidable challenges and exciting opportunities. Overcoming a challenging and dynamic economic environment, DFCC Bank emerged, posting a record-breaking financial year. These achievements were complemented and supported by the Bank’s many sustainable initiatives in...
- Pintanna Plantations Unveils the First-Ever Wallapatta Museum (Category: Breaking News)
- Taiwan unveils new submarine to fend off China (Category: Breaking News)
- HDFC Bank unveils its maiden integrated annual report (Category: Business)
- Norlanka Unveils New Corporate Logo (Category: Breaking News)
SJB and Opposition Leader Sajith Premadasa yesterday called on the government to take stringent action against those engaging in pyramid scams in Sri Lanka. Premadasa said that ‘OnmaxDT’, a private firm was involved in a pyramid fraud of US$ 100 million in Sri Lanka. ‘OnmaxDT’ is among nine entities banned by the Central Bank of Sri Lanka in August […]
- “If I go down, you go down with me,” says Diana Gamage to SJB (Category: Breaking News)
- Sajith: Prz locking horns with Sports Minister over cricket reforms has led to calamity (Category: Breaking News)
- MP Navaratne denies switching allegiance to Sajith (Category: Breaking News)
- Sajith Premadasa tables SLC letter to ICC over undue interference (Category: Breaking News)
In the bustling heart of Ja-Ela, Moose Clothing Company stands tall as a beacon of creativity, technical expertise, and workmanship. Established in 2018 with a vision to redefine Sri Lanka’s fashion landscape whilst bridging the gap between affordability and accessibility to good quality fashion, Moose Clothing Company has now embarked on a journey that transcends […]
- Moose Clothing Company sponsors Sri Lankan team for World Cup (Category: Breaking News)
- Moose Clothing Co. SLC’s Official Cricket Clothing Sponsor for 2023-27 (Category: Sports)
- Sri Lanka team departs for ICC T20 World Cup (Category: Breaking News)
- ICC T20 official sponsor Hyundai gifts fleet of 60 vehicles (Category: Business)
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement a voluntary retirement scheme (VRS) for employees of the Sri Lanka Savings Bank. A payment is to be made to employees who retire voluntarily. The Sri Lanka Savings Bank became […]
- Capital Cushion (Category: Business)
- Investment Funds (Category: Business)
- State Support (Category: Business)
- New Model (Category: Business)
[…]The post Being Meticulously Scrupulous! appeared first on Colombo Telegraph.
- A Painted Ship In A Painted Ocean (Category: Breaking News)
- The Buddha’s Idea Of Critical Thinking (Category: Breaking News)
- Bleeding Hearts & Brave Hearts (Category: Breaking News)
- Brahmins Demand A Debate On Debt (Category: Breaking News)
[…]The post Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To The Governor Of The Central Bank appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- NPP Deserves Fairness From Critics (Category: Breaking News)
- Ranil Vs. AKD: Who Will Blink First? (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
[…]The post After May Day: Now What? appeared first on Colombo Telegraph.
- Planning For A Year Of Elections (Category: Breaking News)
- Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World (Category: Breaking News)
- AKD’s Recent Climb Is Meteoric, Yet A Long Way To Go (Category: Breaking News)
- Election Or No Election, Ranil Is done; He’s Not Fit For Office (Category: Breaking News)
[…]The post Economic Growth, National Security, And What Next For Sri Lanka appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- The Magic 2048: What Is To Be Done To Make Ranilnomics A Reality? (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality (Category: Breaking News)
By N Sathiya Moorthy The way the politics of the upcoming presidential poll is panning out, it may not be long before some external player involved in Sri Lanka’s debt-restructuring and allies aspects of economic recovery will begin hinting at the need for a national consensus on such matters. It may be the IMF, it may […]
- CB chief says Sri Lanka polls could risk economic recovery (Category: Breaking News)
- President insists he is not a dictator (Category: Breaking News)
- Can emergency be a hurdle to forming an all-party government? (Category: Breaking News)
- Old Wine in Older Bottles (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe stated that he expects to increase the growth rate of Sri Lanka’s economy to up to 3% by the year 2025 and mentioned that steps would be taken to increase the salaries of government employees.The post Sri Lanka Nursing University inaugurated appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Growth rate of Sri Lanka’s economy will be increased up to 3% by 2025 – President (Category: Breaking News)
- President proposes establishing Int l University on Climate Change in Sri Lanka (Category: Breaking News)
- Sri Lanka Government focuses on promoting ‘Health Tourism’ (Category: Breaking News)
- President seeks ADB support to set up International University on Climate Change in Sri Lanka (Category: Breaking News)
[…]The post Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
by Rex Clementine Sri Lanka have named their squad for the ICC T-20 World Cup and some big names that featured in T-20 sides in recent outings have been given the cold shoulder. The most notable of them all is former captain Kusal Janith Perera. Perhaps the fiercest striker of the cricket ball in Sri […]
- IPL stars expected to join teams in Hambantota (Category: Breaking News)
- Pace dominates spin in Sri Lankan attack (Category: Breaking News)
- Sri Lanka set aside their worst fears (Category: Breaking News)
- Kamindu Mendis needs to be persevered with (Category: Breaking News)
The HSBC Bank in Sri Lanka has warned constituents to beware of scammers actively promoting unauthorized crypto currency investment schemes through compromised or hacked social media profiles. In some cases, there have been false notifications appearing to be from HSBC, referring to a crypto investment credit, he bank said. “We wish to clarify that HSBC […]
- Police shed light on massive fake crypto investment scheme (Category: Breaking News)
- Chinese couple and local arrested over Rs. 14 bn. crypto currency fraud (Category: Breaking News)
- Video: CRYPTO | THIS IS WHY CRYPTO IS CRASHING??? (Category: Business)
- Video: NO MORE CRYPTO | WE NO LONGER LOOK FOR CRYPTO!!! (Category: Business)
Debt owed by various countries, especially in South Asia and Africa, to China has multiplied in recent years.The post Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Sri Lanka s debt to China close to 20% of public external debt - study (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
[…]The post Aragalaya Effect Vs IMF Effect appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
President Ranil Wickremesinghe told Parliament yesterday, making a statement, that he had assumed leadership of the country without any conditions, despite being a sole Member of Parliament from his party. The President said he expected to conclude all negotiations with external creditors by the middle of this year, and that the ultimate goal of debt restructuring […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Prez reiterates need to go ahead with local debt restructuring (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
[…]The post Ignoring The Whale, While Hooking The Sprat appeared first on Colombo Telegraph.
- Just Rewards For Hard Work (Category: Breaking News)
- On Overlooking The Obvious (Category: Breaking News)
- Improvising To Overcome Tragedy (Category: Breaking News)
- Aiyo Sirisena! Cut Out The Bluff! (Category: Breaking News)
[…]The post Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
Left-arm spinning allrounder Dunith Wellalage has made Sri Lanka’s squad for the 2024 T20 World Cup despite never having played a T20 international. Top-order batter Kamindu Mendis and round-arm seamer Nuwan Thushara are also in the 15. From the older cohort, Angelo Mathews, Dhananjaya de Silva, and Dasun Shanaka also find places in the squad. […]
- Angelo Mathews back in T20I squad after three-year absence (Category: Breaking News)
- Bangladesh look to remedy home record as rivalry with Sri Lanka heats up (Category: Breaking News)
- Sri Lanka bowled out for 50 in Asia Cup final (Category: Breaking News)
- Vanuatu stun Zimbabwe to kick off T20 World Cup Qualifier (Category: Breaking News)
Addressing the Parliament of Sri Lanka today (May 09), President Ranil Wickremesinghe provided a comprehensive overview of the country's economic journey over the past two years.The post Sri Lanka President highlights economic progress and future challenges appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Sri Lanka and India reach agreements on Renewable Energy, Animal Husbandry, and more (Category: Breaking News)
- President delivers special statement in parliament (Category: Breaking News)
- Sri Lanka President invited all to join hands to build a prosperous Sri Lanka by 2048 (Category: Breaking News)
- Sri Lanka President Ranil Wickremesinghe meets Singapore President Halimah Yacob (Category: Breaking News)
By Easwaran Rutnam President Ranil Wickremesinghe blamed Opposition Leader Sajith Premadasa for the crisis in the country saying things could have been different if he accepted the Prime Minister post in April 2022. The President expressed these views after delivering a statement in Parliament, Thursday. Wickremesinghe said that in 2022 he willingly embraced the task […]
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- President outlines his track record since assuming office in 2022 (Category: Breaking News)
Sri Lanka’s tentative recovery from its worst economic crisis could be stalled by presidential elections due later this year, the island nation’s central bank chief warned on Tuesday. Months-long shortages of food, fuel and medicines culminated in Sri Lanka defaulting on its foreign debt in 2022 and angry protests that led to the ouster of […]
- China to help conclude debt restructuring process in Sri Lanka (Category: Breaking News)
- Fourteen Sri Lankan fishermen arrested by Indian Navy (Category: Breaking News)
- Top US official to visit Sri Lanka (Category: Breaking News)
- Sri Sri Ravi Shankar to visit Sri Lanka (Category: Breaking News)
Sri Lanka is to investigate claims of a major mobile phone phishing scam after an MP alleged that huge sums of money had been stolen from unsuspecting individuals. State Minister of Finance Ranjith Siyambalapitiya said that a report on the matter will be submitted to Parliament. Parliamentarian Gamini Waleboda claimed that malware had been shared […]
- Hung up (Category: Technology)
- It's toke ... or text (Category: Australia, Tasmania )
- Teen text-pert an SMS star (Category: Australia, Queensland)
- What your phone says about you (Category: South Australia)
Sri Lanka's official reserve assets grew by 9.6% in April 2024, as announced by the Central Bank of Sri Lanka (CBSL).The post Sri Lanka’s official reserve assets up by 9.6% in April 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Sri Lanka’s official reserve assets increase by 9.5% in March (Category: Breaking News)
- Sri Lanka’s official reserve assets increase in April 2023 – CBSL (Category: Breaking News)
- Sri Lanka’s official reserve assets up by 23.2% in December 2023 (Category: Breaking News)
- Sri Lanka’s official reserve assets increase by 26.2% in May (Category: Breaking News)
Sri Lanka s official reserve assets increased by 9.6% to USD 5.43 billion in April 2024, compared to USD 4.96 billion in March 2024, according to the Central Bank of Sri Lanka (CBSL).
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
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