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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)
[…]The post Valuing Japan’s Moral Ethos & Economic Assistance appeared first on Colombo Telegraph.
- The return of Japan is a victory (Category: Breaking News)
- Getting Nearer To Solution As Options Narrow (Category: Breaking News)
- War Of Attrition Will Ruin Both The Government & Country (Category: Breaking News)
- Prioritising National Interest In Navigating Geopolitical Waters (Category: Breaking News)
by Jehan Perera The visit of Japan’s foreign minister Yoko Kamikawa to Sri Lanka is an indication that the relationship between the two countries is on the mend. The manner in which Japan was ousted from the special status it had once held by the previous government headed by President Gotabaya Rajapaksa would have caused […]
- SL rejects UNHRC resolution (Category: Breaking News)
- Prez insists on IMF approved new tax regime, warns of dire consequences unless fully implemented (Category: Breaking News)
- Japan seeks to organize SL creditors’ conference: Will China attend? (Category: Breaking News)
- As UN General Assembly Convenes, Leading Senators Unveil Resolution Urging International Coopera... (Category: Breaking News)
[…]The post Fleas Dream Of Buying A New Dog appeared first on Colombo Telegraph.
- Opinion Vs Truth (Category: Breaking News)
- Who Or What Made Us Insolvent (Category: Breaking News)
- Can Political Liberation Movements Be Called Fascists? (Category: Breaking News)
- Are We Rotting Or Rotten? (Category: Breaking News)
by Jayasri Priyalal Jayasripriyalal59@gmail.com The greatest challenges confronting the nation-states in the current era revolve around; deplorable debt, depleted natural resources, and degraded environment. Economic growth and future prosperity for all living beings are stalled due to the varying degrees of the 3D problems emerging out of ill-conceived policy divergences propelling the linear eco...
- IMF Must Become More Than Just A Debt Collector For Private Creditors (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- A survival strategy amidst geopolitical rivalry (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
[…]The post Pointless Debate On The Economy When Issue At Hand Is Much Broader appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
[…]The post Demise Of Eelaventhan- My Beloved Older Brother appeared first on Colombo Telegraph.
- V. Anandasangaree: The LTTE Vilified Him, But History Has Vindicated Him (Category: Breaking News)
- Dr. S. Sivakumaran – An Exemplar (Category: Breaking News)
- A Typology Of Sri Lanka’s Presidential Candidates (Category: Breaking News)
- Amirthalingam & SWRD Unleashed The Same Venom & Earned The Same Results: Two Sides Of The Same C... (Category: Breaking News)
[…]The post The “Aragalaya“ Of 1848 appeared first on Colombo Telegraph.
- From Torrington to Independence Square (Category: Business)
- Free Medical Camp At Torrington Mahal Nivasa By Apeksha Foundation (Category: Breaking News)
- Fire in Torrington Avenue (Category: Breaking News)
- An Incident At Independence Square (Category: Breaking News)
The Committee on Public Finance (CoPF) has approved, subject to conditions, the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill which was amended to facilitate legal provisions for the suspension of Parate Law until December 15 2024. Accordingly, the banks’ practice of acquiring properties of whose loans are yet to be paid off will […]
- CoPF conditionally approves bill to suspend parate law until Dec 15 (Category: Breaking News)
- Draft Bill facilitating Parate Law suspension to be gazetted (Category: Breaking News)
- House to debate temporary suspending of Parate Law on 07 May (Category: Breaking News)
- Only 0.4% of loans recovered using Parate laws – CBSL (Category: Breaking News)
Sri Lanka s gross official reserves (GOR) stood at USD 5 billion by the end of March 2024, recording a notable increase compared to USD 4.4 billion at the end of 2023.
Thursday 2nd May, 2024 The police have embarked on a campaign, parallel to their war on drugs, to clear busy intersections of beggars who solicit alms near traffic lights, causing much inconvenience to motorists. Scores of beggars have already been arrested and hauled up before courts for doing so, we are told. Sri Lankans drive […]
- Galle Face beggars to be sent to Ridiyagama (Category: Breaking News)
- Automobile Association of Ceylon writes to IGP on ‘beggar menace’ (Category: Breaking News)
- BEGGAR KILLER NABBED (Category: Breaking News)
- Alleged serial killer was mentally unsound (Category: Breaking News)
[…]The post Are We Bold Enough For A Radical Change? appeared first on Colombo Telegraph.
- Universal Franchise, Written Constitutions, Party Politics & Abuse (Category: Breaking News)
- Depressed, Amused, Flaggerbastard [sic] & Apprehensive (Category: Breaking News)
- Tailoring Our Needs To Match International Legal Requirements (Category: Breaking News)
- Are Local Government Elections That Important? (Category: Breaking News)
Over the last few decades China has not only become Africa’s largest trading partner, but is its biggest bilateral lender. In the last 15 years, trade between China and African nations reached $282.1 billion (in 2023). Out of these numbers, most of the exports to China were supplied by South Africa, Angola and the Democratic […]
- Chinese Buddhist diplomacy and Sri Lanka’s predicament (Category: Breaking News)
- Chinese lending in Africa laced with ambitions to secure UNGA votes amid Taiwan tensions (Category: Breaking News)
- Chinese debt trap hurdles Zambia’s progress: Report (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
The International Monetary Fund (IMF) wants Sri Lanka to work on governance issues and to also stick to the IMF supported program. Krishna Srinivasan, IMF Director of the Asia and Pacific Department noted that Sri Lankans faced a very difficult challenge when they embarked on the IMF program. “And so far, what we’ve seen is […]
- IMF does not support providing subsidies to everyone in Sri Lanka (Category: Breaking News)
- IMF confident Sri Lanka can be put on the path to prosperity (Category: Breaking News)
- Sri Lanka can be on path to prosperity if debt sustainability achieved – IMF (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
[…]The post Lessons From America appeared first on Colombo Telegraph.
- Video: Sira Love (Making Audio) - Sidusankha Vidupathi (Category: Video)
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
- True Meritocracy Not The Sham Of All Party Mediocracy (Category: Breaking News)
- Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy (Category: Breaking News)
The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus on economic reforms will be critical to avoid recurring […]
- World Bank commends Sri Lanka s progress on fiscal, financial and economic governance reforms (Category: Breaking News)
- President reveals govt s action plan for socio-economic reforms and accelerated development (Category: Breaking News)
- Govt ready to make ongoing economic reforms a law  State Minister tells IMF (Category: Breaking News)
- Sri Lanka needs strong new economic system, not reforms - President (Category: Breaking News)
[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- Has The Economy Been Assassinated & If So, Who Were The Assassins? (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (April 26), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on April 26, 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Sri Lankan Rupee appreciated against U.S. Dollar on April 27, 2024 (Category: Breaking News)
- Sri Lankan Rupee appreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on August 02, 2023 (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on February 02, 2024 (Category: Breaking News)
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- Iran-Israeli Tit For Tat, India’s Vote Marathon & Lanka’s Long Election Eve (Category: Breaking News)
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (April 27), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on April 27, 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Sri Lankan Rupee appreciated against U.S. Dollar on April 26, 2024 (Category: Breaking News)
- Sri Lankan Rupee appreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on August 02, 2023 (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on February 02, 2024 (Category: Breaking News)
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- 03/12/2010 14:45 INDIA – CHINA – SRI LANKA Chinese aid to Sri Lanka could lead to conflict (AsiaNe (Category: Breaking News)
- Sri Lanka: Chinese companies begin road extension work in Jaffna (Category: Breaking News)
- Rock slows Sri Lanka port project (Category: Breaking News)
- Sri Lanka pins hopes on China-funded port (Category: Breaking News)
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
- The Urgent & Critical Issues Related To Climate Change (Category: Breaking News)
- Of That Heavy Carbon Footprint (Category: Breaking News)
- Forget politicians and bureaucrats (Category: Breaking News)
The chairman of the Colombo Stock Exchange (CSE), Dilshan Wirasekera, discusses opportunities for capital raising and the stock market outlook for 2024 in the following interview: Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the […]
- CSE conducts Issuer Relations Forum in Anuradhapura (Category: Breaking News)
- Funds raised via CSE up 65% to record Rs. 47.1 b in 2011 (Category: Business)
- Bourse still draws a beeline (Category: Business)
- SEC chairman calls for positive mindset, better housekeeping and collaborative synergies (Category: Breaking News)
[…]The post Reforming Education: Target For Creative Capital & Not For Mere Human Capital appeared first on Colombo Telegraph.
- Target 2048 – Go For Creative Capital And Not For Mere Human Capital (Category: Breaking News)
- Target 2048 – Develop A Knowledge-Based Innovative Economy (Category: Breaking News)
- Target 2048 – Complex Economy System (Category: Breaking News)
- A case for peer group based self-learning – Part 1 (Category: Breaking News)
ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific said this when he met State Finance Minister Shehan Semasinghe and the island nation’s Central […]
- High Tech Private Buses (Category: Breaking News)
- No private buses on April 13 (Category: Breaking News)
- Lanka may appoint local advisors for small SOE divestment (Category: Breaking News)
- Private tanker owners withdraw from fuel transport services (Category: Breaking News)
As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]
- ‘Recognizing, Inspiring and Strengthening’ SL’s exporters (Category: Breaking News)
- Brandix excels at export awards (Category: Breaking News)
- Dollars and conscience (Category: Breaking News)
- Why record export earnings may not be good news (Category: Breaking News)
Apropos our news items (in The Island of 18 April) “Australia-based doc alleges her flat illegally occupied by diplomatic mission employee”, the High Commission for the People’s Republic of Bangladesh in Colombo has sent us the following response: “We draw your kind attention to the publication of the news item titled “Australia-based doc alleges her […]
- Death of Upatissa Hulugalle (Category: Breaking News)
- Sri Lankan family murdered in Ottawa identified; teen suspect arrested (Category: Breaking News)
- “Move to hand over Sevanagala Sugar Co. to Daya G alleged”: PMD responds (Category: Breaking News)
- PAFFREL: Ranil offers to strengthen PCs, having postponed elections to them (Category: Breaking News)
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF ready to support Sri Lanka s discussions with bondholders (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- Sri Lanka hoping to continue talks with bondholders after consulting IMF (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
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