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Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported. Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary […]
- President now expects IMF bailout next month (Category: Breaking News)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- Will strongly support Sri Lanka on debt restructuring - IMF chief (Category: Breaking News)
- IMF working very hard to press for urgent debt resolution for countries like Sri Lanka - IMF chief (Category: Breaking News)
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
- Economic growth of 1.8% is expected in 2024 - Semasinghe (Category: Breaking News)
- President at Economic Summit 23 underscores need for radical economic restructuring (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
- Violence against peaceful protestors unacceptable - UK (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 Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
- Debate Over Profits Of Banks: Who Shares Them Ultimately? (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
- Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. An... (Category: Breaking News)
DFCC Bank, a pioneering financial institution that empowers women through financial inclusion, proudly supported the prestigious WCIC Prathibhabhisheka Women Entrepreneur Awards 2023 as the Diamond Sponsor and Banking Partner recently. This partnership underscores DFCC Bank’s unwavering commitment to nurturing entrepreneurship and innovation, particularly the pivotal role of women in Sri Lan...
- DFCC Wins 1st Gold Award at LankaPay Technovation Awards for Commitment to Financial Inclusion (Category: Breaking News)
- Indian Foreign Minister to arrive in Sri Lanka next week (Category: Breaking News)
- To recognise and reward Women Entrepreneur (Category: Breaking News)
- UNION BANK EXPANDS SUPPORT TO WOMEN ENTREPRENEURS (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)
Countries like Sri Lanka could benefit from debt-for-nature swaps, the UK based International Institute for Environment and Development (IIED) said. Reuters reported that debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, could provide $100 billion for the fight against climate change, a new […]
- Modi says India greatly sensitive to Sri Lanka’s needs (Category: Breaking News)
- NIA apprehends suspect over alleged attempt to revive LTTE (Category: Breaking News)
- Mathews overlooked Chamari picked in The Hundred draft (Category: Breaking News)
- Pak Army committed genocide in Bangladesh in 1971, says new resolution tabled in US House (Category: Breaking News)
Sri Lanka s State Minister of Finance Shehan Semasinghe says that they expect fruitful engagements that will pave the way for unlocking the next tranche of essential IMF funding and a speedy debt resolution which will enhance economic stability, during the upcoming International Monetary Fund (IMF) and World Bank ÂSpring Meetings 2024.
[…]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)
- An Open Missive To AKD & NPP (Category: Breaking News)
- Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To ... (Category: Breaking News)
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Kristalina Georgieva selected to serve as IMF MD for second term (Category: Breaking News)
- Kristalina Georgieva selected for second term as IMF s Managing Director (Category: Breaking News)
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus. In line with the selection process it had established on March 13, 2024, the Board held several discussions, including with […]
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
- IMF says G20 Common Framework delivering for Sri Lanka (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)
The Âuncertainty over the impending elections in Sri Lanka will cause a possible downward trend in the country s economic outlook, the Asian Development Bank (ADB) has said.
[…]The post Embracing the Cryptocurrency Wave, Sri Lanka Ventures into Bitcoin and Blockchain Technology appeared first on Colombo Telegraph.
- The Central Bank Rejected U.S. Billionaire’s Bitcoin Pitch (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- Ceylon Institute of Builders trains 400 youth in Jaffna (Category: Business)
- Dharshana and 400 metres sprinters lead yearend rankings (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 post Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances Due To The DDO appeared first on Colombo Telegraph.
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Domestic Debt Restructuring: An Episode In Capital’s Attack On Working People (Category: Breaking News)
- Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance (Category: Breaking News)
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (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)
It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks […]
- COP28: UN climate talks in jeopardy in fossil fuel backlash (Category: Breaking News)
- Powerful storms wreak havoc in Europe (Category: Breaking News)
- Gunmen storm Ecuador television studio live on air (Category: Breaking News)
- Rohit Sharma: The Indian captain who lost cricket World Cup but won hearts (Category: Breaking News)
The Asian Development Bank (ADB) says its annual flagship economic publication  the Asian Development Outlook (ADO) April 2024  has projected Sri Lanka s economy to record moderate growth of 1.9% in 2024 and 2.5% in 2025 following two consecutive years of contractions.
Despite making Rs. 5 billion in profit yearly from expressways in Sri Lanka, Minister Bandula Gunawardana said it might take 160 years to pay off the Rs. 800 billion loan used to build them.The post Despite Rs. 5 Billion annual profit, Expressway Debt might last 160 Years – Bandula appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Jumbo profit at JKH (Category: Business)
- Hemas records Rs. 1.3 b after tax profit in FY12 (Category: Business)
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
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 A Bill For Women’s Empowerment Was Issued appeared first on Colombo Telegraph.
- Mage Kathava – Autobiography Of Imthiaz Bakeer Markar (Category: Breaking News)
- කාන්තාවන් බල ගැන්වීම සඳහා පනත් කෙටුම්පතක් ඇවිත් (Category: Breaking News)
- Why The Sri Lankan Rupee Is Appreciating (Category: Breaking News)
- Exploring The Silent Wilderness Of Self-Discovery (Category: Breaking News)
Nearly Rs. 200 billion has been paid in 2023 alone to provide relief to the people affected by the economic crisis, Presidential Director General (Community Affairs) Mr. Rajith Keerthi Thennakoon said.The post Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Rs 200 billion social safety net to support Sri Lanka s vulnerable populations amid economic tur... (Category: Breaking News)
- Sri Lanka Implements Its Most Robust Social Security Program (Category: Breaking News)
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
By Shamindra Ferdinando Dissident SLPP MP Prof. G. L. Peiris recently questioned President Ranil Wickremesinghe’s declaration that Sri Lanka was the only country in Asia where democracy is completely safeguarded, thereby Opposition rights guaranteed. Nothing could be further from the truth, the former External Affairs Minister told a gathering at the launch of ‘Ira Kaluwara’ by […]
- Opp. says onus on EC to call prez polls, warns against govt. intervention (Category: Breaking News)
- GL: Govt. not concerned about corruption despite Geneva warning (Category: Breaking News)
- GL frowns on Prez downplaying importance of elections before judges (Category: Breaking News)
- Prez would not have taken on judiciary without SLPP’s backing – GL (Category: Breaking News)
The World Bank has found that more than a quarter of Sri Lanka’s population is living in poverty,according to its latest publication. Titled ‘World Bank Update: Bridges to Recovery’ released last week (April 2) shows that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 in Sri Lanka. […]
- SL has fifth highest food price inflation in world (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- Foreign jobs: growing mismatch between SL supply and global demand: World Bank (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
The assistance of the Asian Development Bank (ADB) to help Sri Lanka recover from the crisis will be aligned with the strategic objectives of the Bank’s country partnership strategy (CPS) 2024–2028, Takafumi Kadono, Country Director, Sri Lanka Resident Mission, ADB said. Mr. Kadono made this comment at the ‘Serendipity Knowledge Programme’ (SKOP) held on April […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- President seeks ADB support to set up International University on Climate Change in Sri Lanka (Category: Breaking News)
- ADB assures more support but not debt cancellation (Category: Breaking News)
- Discussions on ADB support for several sectors in Sri Lanka (Category: Breaking News)
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? appeared first on Colombo Telegraph.
- Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
- Is The Central Bank On Its Way To Technical Insolvency? (Category: Breaking News)
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part III (Category: Breaking News)
- 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)
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)
- Holy water from India to Sri Lanka for consecration ceremony (Category: Breaking News)
- Scotland thrashed by Sri Lanka in T20 World Cup qualifier (Category: Breaking News)
Sri Lanka and a group of its creditors are in final negotiations to suspend debt repayments until 2028, Nikkei has learned, as country creditors including Japan seek to prevent China’s influence from expanding in the debt-ridden island. “Negotiations [with the creditor nations] have concluded. We are hoping that it [a detailed announcement] will take place […]
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Japan, India and France launch Sri Lanka debt re-structuring talks (Category: Breaking News)
- US calls on China to play formal role in Sri Lanka’s debt restructuring (Category: Breaking News)
- China wants fair burden-sharing when restructuring Sri Lanka’s debt (Category: Breaking News)
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