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[…]The post New Year Questions & Dilemmas appeared first on Colombo Telegraph.
- Covid-19: The Epidemic & The Economy (Category: Breaking News)
- Covid-19: The Epidemic & The Economy (Category: Breaking News)
- Covid-19: The Epidemic & The Economy (Category: Breaking News)
- Covid-19: The Epidemic & The Economy (Category: Breaking News)
[…]The post Prospects For Global Capitalism: 2023 & After appeared first on Colombo Telegraph.
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
Uncertainty facing the global economy next year will exacerbate challenges at home for China, economists in Beijing say, while urging swift support to help counter external headwinds. As the risk of global recession looms, China should stay alert to turbulence in international markets and the potential of another financial crisis, said former vice-finance minister Zhu […]
- China on track to meet 2012 growth target: Wen (Category: Business)
- OECD sees slowdowns deepening in India, China (Category: Business)
- Sri Lanka Central Bank suggests reducing impact of oil prices to sustain economic growth (Category: Breaking News)
- Tassie confidence plummets (Category: Australia, Tasmania )
[…]The post Amnesty, Purpose, Effect & Fairness appeared first on Colombo Telegraph.
- Just Rewards For Hard Work (Category: Breaking News)
- On Overlooking The Obvious (Category: Breaking News)
- Polipto (Category: Breaking News)
- Polipto (Category: Breaking News)
[…]The post Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth World appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
Kanrich Finance today shot down concerns over the stability of the company which arose after the Central Bank of Sri Lanka said it had directed the company to settle its public liabilities in full. Issuing a clarification, Kanrich Finance said that as part of the Consolidation Master Plan of the Central Bank of Sri Lanka, […]
- Kanrich Finance directed to settle public liabilities in full (Category: Breaking News)
- CBSL directs Kanrich Finance to settle its liabilities (Category: Breaking News)
- Inflation in Sri Lanka projected to remain elevated (Category: Breaking News)
- Sri Lankan residents permitted to have maximum of USD 10,000 (Category: Breaking News)
The United Nations (UN) has secured USD 101.5 million for Sri Lanka through a humanitarian appeal. The UN said the funds will be provided to 3.4 million of the most vulnerable people in Sri Lanka. “Delighted to announce that today, a milestone has been achieved. UN HNP appeal reached $101.5 m thanks to the generous […]
- UN ramps up its urgent humanitarian appeal for Sri Lanka (Category: Breaking News)
- UN appeals for expertise and resources to help Sri Lanka (Category: Breaking News)
- UN hopes for peaceful recovery from current crisis in Sri Lanka (Category: Breaking News)
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
USD 4 mn available to stabilize food sector Against the backdrop of the country’s continuing financial crisis, the US has teamed with premier blue chip, John Keells Holdings, and the Hatton National Bank (HNB) to lend money to micro, small, and medium-sized enterprises (MSMEs) in the food sector. The US Embassy, in a statement dated […]
- CBSL approval not required for US-funded lending operations in SL (Category: Breaking News)
- CMA Sri Lanka COVID 19 SME Development Conference: Celebrating UN – Micro, Small and Medium-Size... (Category: Breaking News)
- HNB continues longstanding partnership with Battle of the Saints as Official Banking Partner (Category: Breaking News)
- Sri Lanka to implement a credit scheme to revive MSMEs sector (Category: Breaking News)
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
- Food insecurity improves in Sri Lanka but prevails within specific regions- report (Category: Breaking News)
- Food Oppression (Category: Business)
- Food Taxes (Category: Business)
- Food insecurity improved in Sri Lanka but prevails within specific regions  FAO and WFP (Category: Breaking News)
The Central Bank of Sri Lanka has directed Kanrich Finance Limited (KFL) to settle its public liabilities in full within the period from 26.12.2022 to 28.02.2023 due to continuous capital deficiencies faced by KFL. The Monetary Board of the Central Bank of Sri Lanka, as a measure to strengthen the Non-Bank Financial Institutions Sector under […]
- Kanrich Finance shoots down concerns (Category: Breaking News)
- CBSL directs Kanrich Finance to settle its liabilities (Category: Breaking News)
- Sri Lankan residents permitted to have maximum of USD 10,000 (Category: Breaking News)
- Committee on Public Finance summons CBSL (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has directed Kanrich Finance Limited (KFL) to settle its public liabilities in full, by the end of February 2023.
Jagoda stands by accusations By Shamindra Ferdinando Health Minister Keheliya Rambukwella has revealed that in respect of funds that had been made available by the Asian Development Bank (ADB) to procure urgently needed medicine, the entire procurement process was handled by that organisation. The disclosure was made at a hastily arranged media briefing on Wednesday […]
- Keheliya admits Health Ministry struggling to procure vital drugs (Category: Breaking News)
- Medicines in short supply: USD 18.6 mn received from WB (Category: Breaking News)
- Part of USD 200 mn ADB loan spent on cash assistance scheme for paddy farmers (Category: Breaking News)
- Litro: WB satisfied with procurement process (Category: Breaking News)
An estimated 5.7 million people (26 per cent of the population) or more are now in need of humanitarian assistance, with at least 4.9 million (22 per cent) being food insecure, a situation report by International Federation of Red Cross And Red Crescent Societies (IFRC) said. The report issued on December 28 said the current […]
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
- LOLC Divi Saviya – reaches 100 days humanitarian efforts (Category: Breaking News)
- WFP warns against rising hunger levels in Sri Lanka (Category: Breaking News)
- Children have started losing weight rapidly (Category: Breaking News)
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
[…]The post Kayleigh Fraser Versus Justice Priyantha Jayawardena, Controller Of Immigration & Attorney General appeared first on Colombo Telegraph.
- Losing Faith In Sri Lanka: Is Wickremesinghe Corrupt? Are Our Judges Fair? (Category: Breaking News)
- Court rejects case filed by foreigner over passport (Category: Breaking News)
- Court rejects British woman’s attempt to halt being deported (Category: Breaking News)
- Sri Lanka immigration on the hunt for Scotswoman who documented protests (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022.
- Sri Lanka Purchasing Managers’ Index - June 2022 (Category: Breaking News)
- Concessions to Affected Borrowers of Licensed Banks amidst the Prevailing Extraordinary Macroeco... (Category: Breaking News)
- Extending the Order issued on Possession of Foreign Currency (Category: Breaking News)
- President advises to appoint an expert committee to plan progress of the sports field and its fu... (Category: Breaking News)
by Sanath Nanayakkare Making an interesting bet on the cost of borrowing money by entrepreneurs and businesses, Supul Wijesinghe, CEO of SMB Finance predicted a fall in interest rates in 2023 or in the foreseeable future. “Interest rates should come down next year or in the foreseeable future as a result of the measures being […]
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
- Govt has not lost sight of senior citizen FD rates:State Minister (Category: Breaking News)
- SG Holdings buys into Expolanka Holdings stocks, boosting net foreign inflow (Category: Breaking News)
- Shylocks (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka has decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022. Accordingly, SFSP is not permitted to engage in Finance […]
- Japanese Finance Minister Shunichi Suzuki to visit Sri Lanka (Category: Breaking News)
- Japanese Finance Minister calls for talks on Sri Lanka (Category: Breaking News)
- CBSL decides to liquidate five failed finance companies (Category: Breaking News)
- Kanrich Finance shoots down concerns (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), effective from today (28 Dec.)
Only those who could survive this crisis are the ones who could make earnings in foreign currency, Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe recently said.The post Businesses with dollar income sources will only survive this crisis – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- USD 500 million entered the market in seven days – CBSL Governor (Category: Breaking News)
- Sri Lanka faces shutdown without stable Government – Central Bank Governor warns (Category: Breaking News)
- Curtailing inflation critical to avert Zimbabwe-like scenario – CBSL Governor (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
Wednesday 28th December, 2022 Reports that the Election Commission will have to hold the local government elections soon have upset government politicians beyond measure; they are delivering jeremiads against what they call unnecessary state expenditure amidst an economic crisis. Claiming that the mini polls will cost the country Rs. 10 billion, they would have the […]
- Sajith accuses SLPP of sinister moves in Parliament, alleges corruption in driving licence print... (Category: Breaking News)
- Quorum quandary (Category: Breaking News)
- MPs are not immune from country’s laws – SJB (Category: Breaking News)
- SLFP MPs accepted ministerial posts for their own personal gain- Sirisena (Category: Breaking News)
[…]The post Where Are We Heading In 2023? appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue (Category: Breaking News)
- The Galle Face Struggle & Its Importance (Category: Breaking News)
Sri Lanka was ranked 7th among the 10 countries with the highest food price inflation in the world, the latest World Bank assessment said.The post Sri Lanka still among 10 countries with highest food price inflation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka among 15 most miserable countries (Category: Breaking News)
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
Sri Lanka’s most digitally–savvy bank HNB PLC recently took home the Gold Award for Best Search Engine Optimisation/Search Engine Marketing and the Silver for the Best Use of Experiential Digital Marketing at the SLIM DIGIs 2.2 Awards. Hosted by the Sri Lanka Institute of Marketing (SLIM), the awards recognise the most innovative, impactful and unique […]
- ‘Innovative and nation minded’ digital marketing wins Seylan Bank three awards at SLIM DIGIS 2.2 (Category: Breaking News)
- HNB launches Affinity Credit Cards packed with benefits for the members of Ladies’ College OGA (Category: Breaking News)
- HNB together with Caritas initiates ‘Season of Giving’ to spread joy during the festive season (Category: Breaking News)
- HNB hailed as one of Sri Lanka’s most Women Friendly Workplaces (Category: Breaking News)
[…]The post Systemic Drain appeared first on Colombo Telegraph.
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
- RW Summons Youth For Economic Marathon (Category: Breaking News)
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
- Futility Of “Ranilnomics” Without Systemic Change (Category: Breaking News)
Tuesday 27th December, 2022 The 18th anniversary of the Boxing Day tsunami was marked yesterday with a series of commemorative ceremonies. More than 35,000 lives were lost in this country because most Sri Lankans had not even heard the word, tsunami, despite being members of an island nation, and ignored the early warning signs of […]
- Two-minute silence in remembrance of 2004 Tsunami victims (Category: Breaking News)
- Two-minute silence in remembrance of 2004 Tsunami victims (Category: Breaking News)
- Sri Lanka observes two-minutes silence in memory of tsunami victims (Category: Breaking News)
- Sri Lanka conducts tsunami warning drill (Category: Breaking News)
By Dr Laksiri Fernando One mistake we normally make in analysing the situation or crisis in Sri Lanka is to do it in isolation. Sri Lanka is unfortunately only a part of a world system. Although this situation is valid to almost all other countries, smaller or weaker a country, larger are the effects of […]
- Heed people’s call for new political model (Category: Breaking News)
- Lanka needs a national liberation movement, not mere regime change:Anura Kumara Dissanayake (Category: Breaking News)
- ‘The fascist threat’ and the South’s mounting travails (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
By Meera Sirinivasan Sri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund (IMF), according to Central Bank Governor P. Nandalal Weerasinghe. In September, the IMF reached a staff level agreement with Sri Lanka for a $2.9 billion package to help the island nation […]
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- China asked to share debt terms to facilitate overall process (Category: Breaking News)
- CB Governor upbeat about taking country’s loan request to IMF Board in Jan ’23 if it misses Dece... (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
by Nihal Jayawickrama From the best possible vantage point, Bernard Percival Peiris was a witness to the unfolding of history. In 1947, with the entering into force of the new Constitution under which Ceylon achieved self-government, he was instructed by Prime Minister D.S. Senanayake to take charge of the Cabinet Office as its Assistant Secretary. […]
- Constitutional Reforms in Ceylon/Sri Lanka (Category: Breaking News)
- Appointment of new EC may disrupt upcoming LG polls, GL tells CC (Category: Breaking News)
- When the British announced their intentions (Category: Business)
- Prof. Peiris predicts general election in mid-2023 (Category: Breaking News)
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