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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.
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 […]
- Sri Lanka bondholders’ proposal met with Government pushback (Category: Breaking News)
- JICA will not fund projects in Sri Lanka until debt restructured (Category: Breaking News)
- Central Bank of Sri Lanka expects economic recovery in 2023 (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
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 […]
- Lost power, a mayday call and the crash that brought down a Baltimore bridge (Category: Breaking News)
- 60 migrants die in dinghy in Mediterranean, survivors say (Category: Breaking News)
- Millions of Americans caught up in Chinese hacking plot (Category: Breaking News)
- South Africa investigators raid home of speaker of parliament (Category: Breaking News)
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...
- Putin signs ‘independence’ decrees for Zaporizhia, Kherson (Category: Breaking News)
- Sri Lanka seeks details on medical students ‘rescued from Russian captivity’ in Ukraine (Category: Breaking News)
- Sri Lanka urged to do more for citizens freed after Russian ‘torture’ (Category: Breaking News)
- Lankans describe abuse as Russian captives in Ukraine (Category: Breaking News)
[…]The post What Is Wrong With Sri Lanka? appeared first on Colombo Telegraph.
- What Is Wrong With The President’s Vision & Mission? (Category: Breaking News)
- Let Us Know Who Are Contesting? What Are Their Policies? (Category: Breaking News)
- What is wrong with Sri Lanka? (Category: Breaking News)
- Mother’s Day & Rights Of Women (Category: Breaking News)
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 […]
- Financial access widens for Bangladesh's poor (Category: Breaking News)
- Sri Lanka: Casinos to go ahead (Category: Breaking News)
- Stigma hinders HIV reporting in Sri Lanka (Category: Breaking News)
- Workplace violence, harassment costs Sri Lankan businesses millions: IFC Study (Category: Breaking News)
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 […]
- President briefs foreign envoys on Sri Lanka s situation (Category: Breaking News)
- Flights between China and Sri Lanka to be increased (Category: Breaking News)
- Chinese top official reiterates commitment to helping Sri Lanka (Category: Breaking News)
- Sri Lanka wants to engage amicably with global economic powerhouses- President says in China (Category: Breaking News)
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. […]
- Heed people’s call for new political model (Category: Breaking News)
- What Is Wrong With Sri Lanka? (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- JVP urges youth not to leave country, but to stay and fight (Category: Breaking News)
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.
- Sri Lankan Prime Minister calls on Chinese President Xi Jinping (Category: Breaking News)
- China to continue positive engagements with IMF to restore debt sustainability in Sri Lanka  Pr... (Category: Breaking News)
- Chinese leader assures Premier of continued support (Category: Breaking News)
- China, Sri Lanka to further strengthen economic, trade, investment and cultural ties (Category: Breaking News)
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
- Cricketer Lahiru Thirimanna injured in accident (Category: Breaking News)
- Major fire in Colombo building (Category: Breaking News)
- Students protest after boy dies following Thirukkovil marathon (Category: Breaking News)
- Exhibition of Mosaics by Rajani Serasinghe (Category: Breaking News)
, during Gotabaya Rajapaksa’s Presidency, explained how those who manipulated the crisis […]
- National elections: Ex-military factor (Category: Breaking News)
- Ex-COPE chief denies he was behind prorogation of Parliament (Category: Breaking News)
- Acting Canadian HC summoned over sanctions on ex-Presidents, others (Category: Breaking News)
- AKD vows to stop allocating funds for ex-presidents, questions Sagala’s role (Category: Breaking News)
, MP, were pursuing the same strategy to address the economic crisis. Therefore, […]
- Wimal questions JVP’s deafening silence over CIA Chief’s visit (Category: Breaking News)
- Western powers back move to put off national elections indefinitely, warns Wimal (Category: Breaking News)
- Proposed all-party govt: Prez wins support from unexpected quarters (Category: Breaking News)
- Udaya, Wimal deny having met MR (Category: Breaking News)
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, […]
- McDonald’s may return to Sri Lanka with new franchisee (Category: Breaking News)
- US bridge collapses after being hit by Colombo bound ship (Category: Breaking News)
- Organiser of “whites only” party in Sri Lanka apologizes (Category: Breaking News)
- Nissanka ton helps Sri Lanka level Bangladesh series (Category: Breaking News)
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, […]
- McDonald’s may return to Sri Lanka with new franchisee (Category: Breaking News)
- US bridge collapses after being hit by Colombo bound ship (Category: Breaking News)
- Organiser of “whites only” party in Sri Lanka apologizes (Category: Breaking News)
- Nissanka ton helps Sri Lanka level Bangladesh series (Category: Breaking News)
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.
- “My concern was the nation’s future” – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka risks returning to bankruptcy within a decade unless steps taken promptly – President (Category: Breaking News)
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 […]
- Sri Lanka President stresses vitality of new Economic reforms for country’s recovery (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
[…]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.
- A Child’s Guide To Prema-Chandra Athukorala Chinthana On Import Substitution (Category: Breaking News)
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
- Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance (Category: Breaking News)
- Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! (Category: Breaking News)
… 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
- Japan funds UNDP-led anti-corruption initiative, pledges about one million USD (Category: Breaking News)
- Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts (Category: Breaking News)
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- An appeal to Japan (Category: Breaking News)
[…]The post President Anura Kumara Dissanayake appeared first on Colombo Telegraph.
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
- The Aragalaya & The Wijeweera Legacy: How The Lankan Left Could Win (Category: Breaking News)
- Ranil Vs. AKD: Who Will Blink First? (Category: Breaking News)
- Election ’24: Rajapaksa Implosion & Ranil’s Red Sea Meddling (Category: Breaking News)
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...
- Adrian Zecha : The Trailblazing Innovator Continuing to Redefine Luxury Travel (Category: Breaking News)
- Cricketer Lahiru Thirimanna injured in accident (Category: Breaking News)
- Cinnamon Hotels and Resorts, in collaboration with SriLankan Airlines, enhances Colombo Fashion ... (Category: Breaking News)
- Jetwing Hotels Chairperson Shiromal Cooray steps down (Category: Breaking News)
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.
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout (Category: Breaking News)
- Sri Lanka Close to IMF Agreement, Is Weighing Bondholder Terms, Semasinghe Says (Category: Breaking News)
- Sri Lanka risks IMF roadblock as local debt plan gets few takers (Category: Breaking News)
In the sun-kissed paradise of the Maldives, where azure waters meet golden shores, a cloud of uncertainty looms over the political landscape. President Mohamed Muizzu, once hailed as a beacon of hope for the nation’s future, now finds himself navigating treacherous waters, buffeted by the winds of discontent and economic strain. The recent opening session […]
- New Maldives president promises to expel foreign military personnel (Category: Breaking News)
- India notes increase in investments in Sri Lanka (Category: Breaking News)
- Maldives In Murky Waters: Chinese Debt Challenges For Economic Stability (Category: Breaking News)
- Maldives’ Economic Downfall Under President Muizzu’s Choices (Category: Breaking News)
[…]The post Books & Elections: President Gotabaya Rajapaksa’s Claim Of Foreign Conspiracy appeared first on Colombo Telegraph.
- Conspiracy There Was, In Enthroning Gota; Not In Dethroning Him! (Category: Breaking News)
- Prelude To The ‘Long March’ In Tamil Nadu (Category: Breaking News)
- Aragalaya, Political Buddhism & Ranilocracy (Category: Breaking News)
- What Is Wrong With The President’s Vision & Mission? (Category: Breaking News)
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, […]
- Mathews overlooked Chamari picked in The Hundred draft (Category: Breaking News)
- Sri Lankan born pioneer of location-tracking technology in King’s honours list (Category: Breaking News)
- Thailand and Sri Lanka to sign FTA in February (Category: Breaking News)
- US bridge collapses after being hit by Colombo bound ship (Category: Breaking News)
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.
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
- Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? (Category: Breaking News)
- Sri Lanka In Dire Straits (Category: Breaking News)
- Journey Through The Rotten Bridge For The Reforms Of Government Expenditure (Category: Breaking News)
- Interim Budget 2022: Transformation Of The Economic Direction Of The Country (Category: Breaking News)
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 […]
- US hand in GR’s ouster: Speaker finally confirms allegations (Category: Breaking News)
- Declining power and challenges before SLPP (Category: Breaking News)
- Proposed all-party govt: Prez wins support from unexpected quarters (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
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
- Anura regrets 1987–1989 JVP insurrection (Category: Breaking News)
- JVP-led alliance invited for talks in Delhi for the first time (Category: Breaking News)
- A clichéd phrase that still makes sense and nonsense, too (Category: Breaking News)
- NPP to push for early Parliament elections (Category: Breaking News)
Sri Lanka’s Government-backed traditional astrologers have failed to unanimously agree on the best date for new year rituals, with squabbling seers warning of “disaster” and accusing rivals of misinterpreting the position of stars. Astrologers are hugely influential figures consulted by the island’s Buddhist and Hindu communities, and their advice for auspicious dates guides everything from [̷...
- South Australia passes controversial protest laws (Category: Breaking News)
- Major fire in Colombo building (Category: Breaking News)
- Security tightened around girls schools as Big Match fever grips Colombo (Category: Breaking News)
- Major drug haul bound for Sri Lanka seized in Tamil Nadu (Category: Breaking News)
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- Debt-ridden Sri Lanka gets US$350m loan boost from ADB (Category: Breaking News)
- Sri Lanka secures ADB grant to pay paddy farmers (Category: Breaking News)
- Overseas travel ban on Basil temporarily lifted (Category: Breaking News)
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