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Sri Lanka is close to finalising a debt treatment plan with India and the Paris Club, sources familiar with the negotiations said, pointing to a likely moratorium of up to six years and a reduced interest rate during the repayment period.The post Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories...
Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article IV Consultation. This was stated by Mr. Peter Breuer, IMF Senior Mission Chief during […]
The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]
The Sri Lanka Navy detained 32 Indian fishermen for poaching in Sri Lankan waters off Talaimannar and near the Delft Island. The Navy said it continues to conduct regular patrols and operations in Sri Lankan waters to curb illegal fishing practices of foreign fishing trawlers, taking into account the impact of those practices on the […]
Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) have joined hands to protect Sri Lankans from human trafficking. With USD 2.6 Million funding support from the Government of Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) launched 12-month “UPLIFT” project. The initiative will contr...
The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post IMF reaches staff-level agreement with Sri Lanka on second review appeared first on ONLANKA - Sri Lanka...
Chairman of Airport and Aviation Services (Sri Lanka) Ltd., Athula Galkatiya, remarked that the arrival of foreign tourists has risen owing to President Ranil Wickremesinghe’s economic initiatives and the peaceful environment fostered within the country.The post Bandaranaike International Airport experiences significant increase in passenger traffic appeared first on ONLANKA - Sri Lanka Latest Bre...
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Books & Elections: President Gotabaya Rajapaksa’s Claim Of Foreign Conspiracy appeared first on Colombo Telegraph.
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for allowing a German survey ship but turning down Beijing’s similar request. This is the first time Sri Lanka has officially admitted […]
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
The Chairman of Airport and Aviation Services (Sri Lanka) Ltd. (AASL) Athula Galketiya remarked that the arrival of foreign tourists has risen owing to President Ranil Wickremesinghe s economic initiatives and the peaceful environment fostered within the country.
The Ministry of Foreign Affairs says it is closely following the prevailing situation in Haiti where the citizens are reeling from the spiral of violence that erupted after armed gangs took control of the capital city Port-au-Prince and other areas.
By Shamindra Ferdinando By the time President Gotabaya Rajapaksa had arrived in Singapore in the second week of July 2022, a few days after fleeing Sri Lanka, he firmly believed that then Prime Minister Ranil Wickremesinghe was the only person capable of restoring the rule of law in the country. In the chapter titled ‘The […]
The Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy to establish the Sapugaskanda Oil Refinery as a separate state enterprise, so that it could be upgraded through local and foreign private sector investment. The Sapugaskanda Oil Refinery was established in the year 1969 and is the only fuel refinery […]
The Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy to establish the Sapugaskanda Oil Refinery as a separate state enterprise, so that it could be upgraded through local and foreign private sector investment. The Sapugaskanda Oil Refinery was established in the year 1969 and is the only fuel refinery […]
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (March 19), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on March 19, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Civil Aviation Authority of Sri Lanka (CAASL) is scheduled to host the Eighth International Cooperation Forum (ICF) of the European Air Safety Agency (EASA), starting from today (19) to Thursday (21) at the Hilton, Colombo. It is the first time an EASA conference is being held in Sri Lanka, said EU Coordinator Romaney Laurancehewa. The three-day event will see the […]
Sri Lanka and Japan today signed the Exchange of Notes pertaining to the grant assistance amounting to Japanese Yen 1,600 million (approximately LKR 3.3 billion) to be provided under the Japanese Economic and Social Development Programme.
First Meeting of Joint Working Group Sets Stage for Collaborative Ventures In a significant stride towards bolstering renewable energy initiatives, the inaugural session of the Joint Working Group (JWG) on Renewable Energy between India and Sri Lanka convened on March 11, 2024, in Colombo. This milestone gathering, borne out of the Memorandum of Understanding inked […]
Five foreign students of Gujarat University including a Sri Lankan were injured, when a group of 20-25 people barged into their hostel and assaulted them for offering prayers during Ramadan in the hostel building on Saturday (17) night, Indian media reported.
A Deputy Controller and a former Deputy Controller of the Immigration and Emigration Department were arrested by the Criminal Investigation Department (CID) for allegedly issuing fake passports and aiding underworld criminals Nuresh Supun Dayaratne, alias 'Heenatiyana Mahesh,' and Shan Arosh Liyanage, alias 'Mathugama Shan,' in fleeing the country.The post CID arrests Immigration Officials for iss...
[…]The post Elections & The Economy appeared first on Colombo Telegraph.
[…]The post Demystification Of The Black Box Involving Money Creation By C.A. Abeysinghe appeared first on Colombo Telegraph.
[…]The post Ranil’s Distortion Of Facts About The Sri Lankan Political Scenario In 1977 appeared first on Colombo Telegraph.
A Sri Lankan was among foreign students assaulted at the Gujarat University hostel in Ahmedabad for offering namaz in the facility’s building. The Press Trust if India reported that students hailing from different foreign countries were assaulted allegedly by a group of persons in the Gujarat University hostel in Ahmedabad. Two students – one from […]
Another 21 Indian fishermen were arrested in Sri Lankan waters, taking the number of Indians arrested for poaching in Sri Lanka to 146 in 2024. The Sri Lanka Navy said it conducted a special operation to chase away Indian poaching trawlers from Sri Lankan waters in the late hours of Saturday. The operation led to […]
By Meera Sirinivasan Sri Lanka has received a stock of bomb squad equipment through a grant from the Chinese military, the Sri Lankan army has said. The Chinese Ambassador in Colombo Qi Zhenhong handed over the Explosive Ordnance Disposal (EOD) equipment to the Secretary to Sri Lanka’s Ministry of Defence General Kamal Gunaratne (Rtd) in a ceremony held […]
ECONOMYNEXT –State-run Ceylon Electricity Board is losing qualified engineers at an alarming rate, after a currency collapse and new progressive taxes slapped on the debased salary, and they are not coming back, union officials said. Ceylon Electricity Board has a cadre of around 1,000 engineers but they have been usually managing with lower levels of […]