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The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, especially women and children. “Food insecurity has severely affected the people of Sri Lanka amid the current economic difficulties. […]
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
Forex problems should be addressed by macro-economic policy
Quoting the management company, the PMD said bookings have already been made for 15 events by December 31.
Koel egg in a crows net
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.The post Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan – sources appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - S...
Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country is to extend a helping hand to the island nation at this […]
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.
Mikhail Gorbachev, the former Soviet leader who brought the Cold War to a peaceful end, has died aged 91. Mr Gorbachev, who took power in 1985, opened up the then-USSR to the world and introduced a set of reforms at home. But he was unable to prevent the slow collapse of the Soviet Union, from […]
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said. The island nation, struggling with its worst economic crisisin more than seven decades, had sought up […]
President Ranil Wickremesinghe should immediately end the use of draconian counter-terrorism laws to target peaceful protesters and release those in custody, Human Rights Watch said today. The authorities detained three student activists who participated in an August 18, 2022 demonstration under the abusive Prevention of Terrorism Act (PTA), which allows up to a year’s detention without […]
An employee of an airport duty-free shop has been arrested while trying to smuggle 60 gold biscuits worth Rs. 157 million out of the Bandaranaike International Airport (BIA) in Katunayake.The post Airport duty-free shop worker arrested with gold biscuits worth Rs. 157 Million appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Sri Lanka Navy (22nd August 2022) conducted a special operation to chase away Indian trawlers poaching in island's waters. The operation led to the seizure of an Indian trawler with 10 Indian fishermen, while poaching in Sri Lanka's waters off Mullaitivu, via the International Maritime Boundary Line (IMBL).
Wickremesinghe is budgeting in a sea of monetary instability
An employee of a duty-free shop has been arrested while trying to smuggle 60 gold biscuits out of the Bandaranaike International Airport (BIA) in Katunayake.
By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]
By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch ‘Business Against Corruption’ Initiative” issued to the media after the two organisations […]
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that Sri Lanka has made “good progress” in the negotiations with the International Monetary Fund (IMF), which are aimed at clinching a bailout package.The post Sri Lanka has made good progress in negotiations with IMF – CBSL chief appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka N...
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that Sri Lanka has made Âgood progress in the negotiations with the International Monetary Fund (IMF), which are aimed at clinching a bailout package.
Bangladesh Prime Minister Sheikh Hasina today made it clear that Bangladesh will never face an economic crisis like Sri Lanka as her government has been developing the country in a planned way. “There is no use in making false accusations against us. Bangladesh will never become Sri Lanka and it can’t be,” she said. The […]
The visiting delegation of the International Monetary Fund (IMF) called on Sri Lanka s Opposition Leader Sajith Premadasa this morning (Aug 30).
Sri Lanka's bloated state sector has become a burden to the crisis-hit government
The country is yet to see the impacts of economic crisis easing.
[…]The post A financial forecast across the globe appeared first on Colombo Telegraph.
Hopes to stop money printing
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
President Ranil Wickremesinghe states that the discussions with the International Monetary Fund (IMF) have successfully reached the final stages.
By Easwaran Rutnam President Ranil Wickremesinghe today presented an interim-budget to Parliament which meets the expectations of the International Monetary Fund (IMF). The President said that the interim-budget will also pave the way for a new budget in 2023. The President said that talks with the IMF have been successful and has reached the final […]
The United Nations (UN) says more needs to be done in Sri Lanka to win the confidence of the families of victims of enforced disappearances. United Nations Resident Coordinator Hanaa Singer-Hamdy said that the UN stands in solidarity with the victims and families of victims of enforced disappearances, and continues to encourage the authorities to […]
Washington [US], August 27 (ANI): Chinese tech companies are facing a crisis of credibility in the US, UK and EU as there are suspicions over the potential of these firms to cause security threats with both their design and intent. Recently, heads of the Federal Bureau of Investigation (FBI) and Britain’s MI5issued warnings for the […]