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Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 50.6% in February (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
By Prof. Amarasiri de Silva Sri Lanka, renowned for its rich cultural heritage and diverse landscapes, is grappling with an unprecedented macroeconomic crisis. This crisis has given rise to acute shortages and sharp increases in the prices of essential products, creating a complex web of challenges. At the heart of this multifaceted crisis lies a […]
- Dairy: The mirage of self-sufficiency (Category: Business)
- Egg prices expected to drop, imports unnecessary from next year – Minister (Category: Breaking News)
- Fix food sectors (Category: Business)
- Achieving food security:Integrated plan necessary (Category: Breaking News)
Sri Lanka is showing first signs of recovery as it finds itself in an election year, and therefore, what happens before the elections as well as after them will be crucial for the economic recovery in Sri Lanka, IMF’s Senior Mission Chief, Peter Breuer said on Friday. He said so at a press briefing held […]
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- World Bank’s IFC emphasizes private sector engagement in crisis-hit Lanka’s growth (Category: Breaking News)
- Sri Lanka’s debt negotiations stall over GDP growth projections and repayment terms – Nishan de ... (Category: Breaking News)
- India promises further support (Category: Breaking News)
[…]The post In This Election Year, Sri Lanka Needs A Lot Of Rationally Thinking People appeared first on Colombo Telegraph.
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- Sri Lankans Should Fight For Economic Freedom & Not For Economic Independence (Category: Breaking News)
- Child’s Guide To True Cost Of Activities: Concept Of Opportunity Cost (Category: Breaking News)
China’s consumer price index (CPI) fell by 0.3 per cent year on year in December, marking a third consecutive monthly decline amid fears of deflationary risks Concerns have risen that China is facing similar issues to Japan’s so-called lost decades of stagnation China’s falling consumer prices in the fourth quarter have plunged full-year inflation to […]
- China has fallen into a psycho-political funk (Category: Breaking News)
- VAT increase could cause inflation to hit 7 percent in January – CBSL Governor (Category: Breaking News)
- CCPI based headline inflation increases in November 2023 (Category: Breaking News)
- Qatar inflation hits 20-month high in Aug (Category: Business)
Samsung, a global technology leader, proudly announces the commencement of pre-orders for its highly anticipated Galaxy S24 Series, featuring the Galaxy S24 Ultra, Galaxy S24 Plus, and Galaxy S24. The pre-order period kicked off on January 19, 2024, at 05:00 AM and extends until February 8, 2024, until 11:59 PM. Samsung is delighted to present […]
- Samsung first with Windows phone, new Galaxy Note (Category: Business)
- Samsung Galaxy foldables drive more sustainable future (Category: Breaking News)
- Samsung launches Galaxy S3 to cement supremacy (Category: Business)
- A woman presents the Samsung Galaxy …… (Category: Business)
[…]The post A Bleak Forecast For 2024 & Beyond: Politics (Security), Economics & Military appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- The Ugly New Face Of Terrorism (Category: Breaking News)
- Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties A... (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
The economic reform programme, implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves, the IMF has said. Staying the course on the reform agenda is necessary for this stabilization […]
- Govt. ponders domestic debt optimisation operation (Category: Breaking News)
- IMF Deputy MD: Lanka’s economy showing tentative signs of improvement, but recovery remains chal... (Category: Breaking News)
- IMF sees “tentative signs of improvement” of Lankan economy (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
An International Monetary Fund (IMF) mission team led by Mr. Peter Breuer visited Sri Lanka from January 11 to January 19, 2024 to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the EFF arrangement.The post IMF staff concludes visit to Sri Lanka saying debt agreements with creditors critical appeared first on ONLANKA - Sri Lanka Latest ...
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
by Dr Amali Wedagedara In Sri Lanka, public policy lost in the neoliberal haze treats the market as a cure for all ills. Not only is the market omnipresent, but it is also omniscient and omnipotent. The charm of the ‘market’ that research and advocacy lobbyists are creating is so alluring that only a few […]
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Taming the ‘monsters’ (Category: Business)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Sri Lanka’s crisis seen as highlighting lessons from Greece (Category: Breaking News)
[…]The post Minorities & System Change appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- Monk’s Imprisonment: Aragalaya Victory No. 2 (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Aragalaya, Political Buddhism & Ranilocracy (Category: Breaking News)
[…]The post Economy 2024: More Challenging Than The Two Previous Years 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)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- SOE 2023: IPS Offers Some Inputs To Proposed Growth Lab (Category: Breaking News)
During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) on Thursday (11), the IMF congratulated the country on completing the first review under its program. The IMF highlighted the positive start of the program, recognizing the challenging reforms undertaken by Sri Lanka and their significant impact on the […]
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- Report Card (Category: Business)
- On Track (Category: Business)
- IMF applauds Sri Lanka’s significant progress in economic reforms (Category: Breaking News)
The International Monetary Fund (IMF) applauds Sri Lanka on significant progress in implementing economic reforms.The post IMF applauds Sri Lanka’s significant progress in economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- IMF says talks with Sri Lanka make significant policy progress (Category: Breaking News)
- IMF program is exhibiting promising signs of efficacy – IMF Mission Chief for Sri Lanka (Category: Breaking News)
Japan’s Finance Minister Suzuki Shunichi, called on Sri Lanka President Ranil Wickremesinghe at the Presidential Secretariat in Colombo on Thursday evening (January 11).The post Japan’s Finance Minister Suzuki Shunichi commends Sri Lanka’s economic advancements appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Japanese Finance Minister Shunichi Suzuki to visit Sri Lanka (Category: Breaking News)
- Japan’s Finance Minister Shunichi Suzuki to visit Sri Lanka in January (Category: Breaking News)
- Japan s Finance Minister commends Sri Lanka s economic advancements, commitment to reforms (Category: Breaking News)
- Japanese Finance Minister calls for talks on Sri Lanka (Category: Breaking News)
[…]The post Homework For NPP appeared first on Colombo Telegraph.
- Aragalaya Effect Vs IMF Effect (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- NPP Deserves Fairness From Critics (Category: Breaking News)
- Economy, Easter Phoenix & Politics (Category: Breaking News)
Sri Lanka's central bank is considering moving towards a single policy rate mechanism to ensure better signaling of its monetary policy stance, Governor P. Nandalal Weerasinghe said on Wednesday.The post Sri Lanka central bank to consider a single policy rate mechanism appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year.The post Japan urges early signing of debt MoU between Sri Lanka and creditors appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka, Japan agree to resume stalled projects including light rail (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
By Sanath Nanayakkare When a country is in an economic crisis, it creates an environment conducive to implementing economic reforms which would be difficult to do in good times, however, it still depends on how far the reformist leaders can shape the opinion of the people and the people’s willingness to take those reforms on […]
- Sajith promises revolutionary economic reforms (Category: Breaking News)
- People must have confidence of ability to access Justice: Wijeyadasa (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- ADB country chief hopes Lanka could sustain policy reforms despite elections (Category: Breaking News)
By DEVENDRA SAKSENA Currently, the words ‘debt trap’ have a distinctly Chinese connotation. According to the Western press, the Chinese, as part of their geostrategy, have inveigled poor nations into borrowing huge amounts from them for fanciful infrastructural projects; almost all borrower countries are in dire economic straits, because most such projects are lying incomplete, […]
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- China leaves crisis-ridden Sri Lanka in the lurch to fend for itself (Category: Breaking News)
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- IMF China and debt-trap (Category: Breaking News)
[…]The post Oman-Sri Lanka Relations As Seen By Diplomat O.L. Ameer Ajwad appeared first on Colombo Telegraph.
- Vibrant ties with M-E, a foreign policy priority for SL (Category: Breaking News)
- Book on "Sri Lanka – Oman Relations" launched (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- A Child’s Guide To Prema-Chandra Athukorala Chinthana On Import Substitution (Category: Breaking News)
[…]The post Is VAT, A Payment For Past Sins Or A Bitter Pill To Swallow? appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Why is Singapore dollar strong and SL rupee weak? (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
by Neville Ladduwahetty What Sri Lanka has achieved since it declared itself insolvent is hailed by some with much optimism. The “relative stability” currently experienced is presented by the Governor of the Central Bank “as the outcome of a united effort from the outset” (The Island, December 26, 2023). The focus of that collaborative effort […]
- Sri Lanka Government revenue surges by 43.5%, yet expanding budget deficit spurs VAT hike (Category: Breaking News)
- Estimated Rs 1,400 bn, from VAT in 2024 (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
- A high-wire act (Category: Breaking News)
[…]The post Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy appeared first on Colombo Telegraph.
- Should The Central Bank Act Be Amended By A Future Government? (Category: Breaking News)
- Continuing With Tight Monetary Policy: Is The Central Bank Making A Mistake? (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
by Sivamohan Sumathy And I wish to speak of a poet here. Kurinjith Thennavan is an auto-didact. He did not learn to become a writer in our schools or university. He is a worker. He was shut out of our free education mandate even as he and others like him were enabling it. He was […]
- Worsening crisis gives rise to birthing of new nation (Category: Breaking News)
- Jeevan laments even after 200 years estate Tamils have to fight for due recognition (Category: Breaking News)
- Nation Cast Out Of Paradise Reemerges (Category: Breaking News)
- “I have only one agenda: emancipating my people” says Jeevan Thondaman (Category: Breaking News)
State Minister for Finance, Shehan Semasinghe, emphasized that the sustained single-digit inflation has significantly contributed to fostering business confidence within the country.The post Sri Lanka Government targets an increase in state revenue to 15% of GDP by 2026 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Sri Lanka flags return to growth, protesters demand tax cuts (Category: Breaking News)
- Sri Lankan President explains Government’s tax policy while revealing the cause of inflation (Category: Breaking News)
By Shamindra Ferdinando Even after imposing 18 percent Value Added Tax (VAT) on fuel with effect from January 1, the government continued to charge Rs 50 on a litre of both petrol and diesel purportedly to recover losses incurred by the highly corrupt state owned Ceylon Petroleum Corporation (CPC) over the years, Samagi Jana Balawegaya trade union […]
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
- VAT on fuel already subjected to several taxes unfair – SJB trade union wing (Category: Breaking News)
- SJB union boss says SL losing bunkering and lubricant markets to India, China (Category: Breaking News)
[…]The post My View Completes 13 Years: Still Batting & Not-Out Yet appeared first on Colombo Telegraph.
- 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
Tourist arrivals in Sri Lanka crossed the 200,000 mark in December, the highest arrivals for the last four years in one month. Tourism Minister Harin Fernando said that total arrivals for 2023 will be almost close to 1.5 million which was the original target set in Jan 2023. Sri Lanka’s tourism sector has been on […]
- Sri Lanka records 624,874 tourist arrivals by end of June (Category: Breaking News)
- UK relaxes travel advise on Sri Lanka (Category: Breaking News)
- Sri Lanka records over 630,000 tourist arrivals in 2024 (Category: Breaking News)
- Over USD 1 million earned from tourist arrivals in Sri Lanka this year (Category: Breaking News)
Sri Lanka’s Central Bank Governor Dr. Nandala Weerasinghe has emphasized the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).The post Sri Lanka’s Central Bank Governor says IMF agreement must be continued under any Government appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s Central Bank lays out policies to restore price stability, macroeconomic strength (Category: Breaking News)
- Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
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