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- island.lk - Category : Breaking News - Relavancy : 0.1093197

Sri Lanka was optimistic about resolving its debt restructuring issues in the second quarter to secure financing from the International Monetary Fund (IMF), as external creditors are reportedly engaging positively, Bloomberg said quoting the country’s state finance minister. “We anticipate a favourable outcome,” stated state minister Shehan Semasinghe during discussions held in L...

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- onlanka.com - Category : Breaking News - Relavancy : 0.076523796

Sri Lanka is hopeful it can resolve debt restructuring issues in the second quarter so it can get financing from the International Monetary Fund because external creditors are all engaging “positively,” according to the South Asian nation’s junior finance minister.The post Sri Lanka confident of meeting conditions for IMF funding soon – report appeared first on ONLANKA - Sri Lanka Latest Bre...

- onlanka.com - Category : Breaking News - Relavancy : 0.087455764

Sri Lanka has called for proposals from dealer managers to support its restructuring of some $12 billion of international bonds, the Finance Ministry said on Thursday, in a fresh sign that the island nation is closing in on finalizing its debt rework.The post Sri Lanka calls for debt-restructuring proposals from dealer managers appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Sto...

- adaderana.lk - Category : Breaking News - Relavancy : 0.39036912

The world s largest refiner, China s Sinopec plans to start work on a refinery in Sri Lanka by June, the power minister said on Thursday, advancing a project earmarked as the biggest investment in the crisis-hit island nation.

- colombogazette.com - Category : Breaking News - Relavancy : 0.087455764

Sri Lanka has called for proposals from dealer managers to support its restructuring of some $12 billion of international bonds, the Finance Ministry said on Thursday, in a fresh sign that the island nation is closing in on finalizing its debt rework. Sri Lanka defaulted on its foreign debt in May 2022 as the economy […]

- island.lk - Category : Breaking News - Relavancy : 0.043727882

The bodies of two people have been recovered from a red pickup truck, which was under water where the Baltimore bridge collapsed. Eight construction workers were on the bridge when a ship struck it, plunging them into the waters below. Two of the workers were rescued on the day, but the search continues for the […]

- onlanka.com - Category : Breaking News - Relavancy : 0.038261898

At least five Sri Lankans have reportedly been killed so far while fighting in the Ukraine-Russia war, according to Al Jazeera. In the latest incident, Nipuna Silva, a Sri Lankan soldier who quit his army position to fight for Russia in Ukraine due to better pay, is believed to have been killed on the front line.The post Sri Lankan soldier Nipuna Silva among latest victims in Ukraine-Russia confli...

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.043727882

[…]The post What Is Wrong With Sri Lanka? appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.087455764

Sri Lankan businesses must look beyond the surface to design Diversity, Equity and Inclusion (DEI) strategies that consider broader complexities, if they are to achieve tangible and transformative business results and greater social harmony, says a new landmark report that provides recommendations for businesses to harness the potential of DEI. The new report “Unlocking the […]

- island.lk - Category : Breaking News - Relavancy : 0.087455764

Sri Lankan Prime Minister Dinesh Gunawardena, who is on a state visit to China, called on President Xi Jinping on Wednesday (March 27). During the discussion, which took place at the Great Hall of the People in Beijing, the two leaders have agreed to continue to act under the friendship, peace, mutual respect and fivefold […]

- island.lk - Category : Breaking News - Relavancy : 0.05465985

By Dr Laksiri Fernando It is not the country per se, but the politicians and the people who are wrong. While politicians should take 70 percent responsibility, the people also should take 30 percent. It is true that these wrongs on the part of the politicians or the people are not limited to Sri Lanka. […]

- onlanka.com - Category : Breaking News - Relavancy : 0.076523796

Sri Lankan Prime Minister Dinesh Gunawardena, who is on a state visit to China, called on President Xi Jinping today (March 27).The post Sri Lanka Prime Minister meets Chinese President Xi Jinping appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- colombogazette.com - Category : Breaking News - Relavancy : 0.32530758

Sri Lanka’s cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Sri Lanka’s economy collapsed in early 2022

- island.lk - Category : Breaking News - Relavancy : 0.32530758

, during Gotabaya Rajapaksa’s Presidency, explained how those who manipulated the crisis […]

- island.lk - Category : Breaking News - Relavancy : 0.26024607

, MP, were pursuing the same strategy to address the economic crisis. Therefore, […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.087455764

McDonald’s may decide to return to Sri Lanka with a new franchisee after the company ended an agreement with its local partner, the Reuters news agency quoted an attorney for McDonald’s as saying. McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.087455764

McDonald’s may decide to return to Sri Lanka with a new franchisee after the company ended an agreement with its local partner, the Reuters news agency quoted an attorney for McDonald’s as saying. McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, […]

- onlanka.com - Category : Breaking News - Relavancy : 0.043727882

Sri Lankan President Ranil Wickremesinghe emphasizes the necessity of a new economic reform program for the country’s economic recovery.The post Sri Lanka President stresses vitality of new Economic reforms for country’s recovery appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.043727882

President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.05465985

[…]The post Mr. President, You Plan To Rapidly Transform The Country Into An Export Economy By Passing Two New Laws In April 2024? appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.32530758

… corruption cited as one of the three issues faced by the country Japanese Ambassador Hideaki Mizukoshi Thursday (21) urged Sri Lanka to turn the continuing economic, political and social crisis into an opportunity to achieve success. The Ambassador said that the country

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.043727882

[…]The post President Anura Kumara Dissanayake appeared first on Colombo Telegraph.

- colombogazette.com - Category : Breaking News - Relavancy : 0.05465985

Alhambra Hotels commemorates five decades of unwavering dedication to hospitality excellence today. What began as a visionary endeavor by founding Chairman Mr. Jabir A. Cader, a prominent businessman, has evolved into a cornerstone of Colombo’s hospitality landscape. Originally envisioned as a modern cinema, the venture transformed with the changing tides, capitalizing on the burgeoning tour...

- onlanka.com - Category : Breaking News - Relavancy : 0.076523796

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.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.056804188

[…]The post Books & Elections: President Gotabaya Rajapaksa’s Claim Of Foreign Conspiracy appeared first on Colombo Telegraph.

- colombogazette.com - Category : Breaking News - Relavancy : 0.06559183

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, […]

- adaderana.lk - Category : Breaking News - Relavancy : 0.45543063

If Sri Lanka continues to rely on borrowing to address the imbalance between imports and exports, the nation will inevitably confront another economic crisis within a decade, says President Ranil Wickremesinghe.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.043727882

[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.032795914

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 […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.39036912

By N Sathiya Moorthy The figure is still low yet for ten per cent of Sri Lankans to indicate a preference for authoritarian rule does not augur well for the nation’s democracy, which is already under multiple pressures. The continuing economic crisis, which some experts say could push the nation

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