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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
Providing financial and technical assistance towards the switch to renewable energy technologies The United Nations Development Programme (UNDP) in Sri Lanka together with the Sri Lanka Sustainable Energy Authority (SLSEA) has commenced an initiative to strengthen rural economies, increase forest cover, improve the living standards of rural women, and sustainable industries and small and medium en...
- Energy Minister discusses renewable energy with UNDP official Wignaraja (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- LOLC’s commitment to renewable energy recognised (Category: Business)
- Diploma grads in waste management enhance local service efficiency (Category: Breaking News)
Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after the new government took office, according to a report by Reuters.Discussions with the multilateral lender started in April under former President Gotabaya Rajapaksa. The Sri Lankan government hopes to secure an Extended Fund Facility (EFF) – which would be […]
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
HUTCH, the country’s rapidly-growing choice for communication services has understood the great difficulties being faced by its customers during the present economic crisis with rapidly increasing costs. To provide some relief to its valued subscribers. Hutch has introduced the ‘HUTCH Relief
- Hutch plugs in to Flytxt for customer experience enhancement (Category: Business)
- Latest Hutch Shop opens in Fort (Category: Business)
- Netflix is testing a regular, old-fashioned TV channel - CNET (Category: Technology)
- Hutch dials partnership with SLT Rainbow Pages (Category: Business)
In response to the crisis in Sri Lanka, Daraz launched a “Buy1Give1” program in May 2022. The aim of Buy1Give1 was to provide some relief to vulnerable communities, while enabling consumers to transform everyday activities like buying groceries into high-impact, meaningful actions
- Sri Lanka, a regional hub for enhancing connectivity for the Daraz Group (Category: Breaking News)
- Daraz enables LANKAQR payments for Lanka Premier League 2022 tickets (Category: Breaking News)
- UNDP launches ‘Rebuild Sri Lanka’ crowdfunding platform (Category: Breaking News)
- Futura Tech Labs donates flagship mStudio radio automation solution to the Foundation of Goodness (Category: Breaking News)
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.The post Sri Lanka president seeks unity government to save economy appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Sri Lanka to restart IMF bailout talks, president calls for unity Government (Category: Breaking News)
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lankan President leaves for Germany (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
[…]The post Ranil Wickremesinghe: A Pimp Or A Prince? appeared first on Colombo Telegraph.
- Ranil Wickremesinghe: A Pimp Without A Country (Category: Breaking News)
- Online bid to punish pimp (Category: Australia, Tasmania )
- Pimp gets 50 years at dramatic hearing (Category: USA, Illinois)
- Pimp jailed for 10 years (Category: Australia, Tasmania )
[…]The post Economy, Emergency & Aragalaya appeared first on Colombo Telegraph.
- The President, IMF & System Change (Category: Breaking News)
- GR’s Gamble With RW (Category: Breaking News)
- Ranil’s Cabinet Trap & Aragalaya (Category: Breaking News)
- The Road Ahead For RW & Aragalaya (Category: Breaking News)
[…]The post Proroguing The Parliament – A Political Subterfuge! appeared first on Colombo Telegraph.
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
The widely acclaimed globalisation of the post-Cold-War era is now running in reverse. A protracted slowdown in global trade has been reinforced by persistent pandemic-related supply chain disruptions, ongoing pressures of the US-China trade war and efforts to align cross-border economic ties with geostrategic alliances, known as “friend-shoring”. These developments raise the pressure on China, [&...
- Sri Lanka turmoil highlights risk for Chinese firms investing overseas (Category: Breaking News)
- Alibaba, HSBC, AIA pace rout in Hong Kong on Taiwan tensions as China promises ‘firm and strong’... (Category: Breaking News)
- China’s dual-use surveillance ship in Sri Lankan port underscores distrust of Beijing’s tech adv... (Category: Breaking News)
- Apple supplier Foxconn’s iPad factory in southwest China halts production for six days amid powe... (Category: Breaking News)
A long-running heatwave in China has pushed electricity usage to record levels in some areas and led to blackouts, with warnings that the high temperatures are expected to continue for at least another week. More than 300 cities were forecast to reach temperatures above 35C on Tuesday. China Southern Power Grid Company said Monday’s usage had surpassed […]
- Apple supplier Foxconn’s iPad factory in southwest China halts production for six days amid powe... (Category: Breaking News)
- PUCSL refuses to approve power cuts lasting over 2 hours (Category: Breaking News)
- Menaka and Krishni (Category: Breaking News)
- Speaker endorses Electricity (Amendment) Bill (Category: Breaking News)
In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood.
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest
- Ranil Wickremesinghe elected as 8th Executive President of Sri Lanka (Category: Breaking News)
- Sri Lanka President meets UN Secretary-General in Egypt (Category: Breaking News)
- Sri Lanka President meets Prime Minister of Singapore (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves will likely be insufficient to meet normal needs. The situation has […]
- WFP says 66 % Sri Lankans reduced number of meals eaten daily (Category: Breaking News)
- WFP to distribute ration packs to vulnerable households in Sri Lanka (Category: Breaking News)
- Three-wheel drivers block Galle Road in Dehiwala (Category: Breaking News)
- UN warns situation in Sri Lanka likely to worsen (Category: Breaking News)
No queue travail for the lucky few By Ifham Nizam While many other state-sector professionals including medical specialists and other health workers are spending days and nights in fuel queues, engineers of the Ceylon Electricity Board are not feeling the pinch thanks to the government giving priority to supplying fuel for power generation, a senior […]
- CEB engineers, blue eyed boys of govt.- Ministry official (Category: Breaking News)
- CEB acquires 163 Sojitz Power Plant (Category: Breaking News)
- Wide ranging rackets benefiting CEB engineers (Category: Breaking News)
- Bloated public sector – a major impediment to development (Category: Breaking News)
Conditions have changed since Cairn India drilled exploratory wells Conditions for taking forward Sri Lanka’s efforts at exploiting indications of the presence of petroleum and natural gas in the Mannar basin have improved significantly in the last two years according to well informed sources in the international oil industry. These sources said that when Cairn […]
- Sri Lankan gas strike for Cairn (Category: Breaking News)
- Cairn makes second gas discovery in Sri Lanka (Category: Breaking News)
- All eyes on Cairn's next gas well, Sri Lanka says (Category: Breaking News)
- Oil drilling to commence in July (Category: Breaking News)
(UNFPA) When Ruchika found out she was pregnant with her second child in October last year she felt confident that she knew what to expect. Nine months later, she spent the day before her due date in a fuel queue pleading with an army officer and restless crowds so she could buy fuel to get […]
- UNFPA appeals for $10.7 million to meet urgent needs of 2 million women and girls affected by Sr... (Category: Breaking News)
- UNFPA signs MoU with University of Colombo, hands over medical supplies to Health Minister (Category: Breaking News)
- Fuel quota to be increased again next month (Category: Breaking News)
- UNFPA Regional Director here (Category: Breaking News)
COLOMBO, 28 July 2022 – Nearly one in three parents responding to Save the Children’s survey in June 2022, have noticed negative changes in their children’s behaviour in the last 6 months. Since the beginning of the economic crisis, children have showed signs of distress and withdrawal
- Half of Lankan families reducing children’s food intake as country slips further into hunger cri... (Category: Breaking News)
- Urgent Lessons for Sri Lanka – 2022 (Category: Breaking News)
- Half of families reducing children s food intake as Sri Lanka slips further into hunger crisis Â... (Category: Breaking News)
- Sri Lanka’s children paying the steepest price in the current crisis – UNICEF Regional Director ... (Category: Breaking News)
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate” compared with other regions, several economies will have to act quickly to […]
- IT professionals leaving country (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
Sri Lanka's rupee fell sharply in the June quarter
- Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits (Category: Breaking News)
- Sri Lanka’s IOC unit reports Rs9.9 bn in June 2022 profits (Category: Breaking News)
- Sri Lanka Nestlé unit’s profit up 34% amid net financial expenses jump (Category: Breaking News)
- Sri Lanka’s Haycarb March net up on forex gains (Category: Breaking News)
Video: All-party govt, the best way to resolve crisis situation - President (English)
- Video: Cabraal-missile is stronger than Indian Agni-V missile (Category: Video)
- Video: Dambulla Mosque controversy could have been solved peacefully (Category: Video)
- Video: Sajith issuing misleading statements - Tissa (Category: Video)
- Video: No need for permission - Sajith (Category: Video)
President Ranil Wickremesinghe says an agreement with the International Monetary Fund (IMF) will not fully resolve Sri Lanka’s issues. He said that Sri Lanka needs to look at ways of paying back its loans. Speaking in Kandy today, the President said that the protests had delayed a possible deal with the IMF. He said that […]
- IMF holds talks with Prime Minister Ranil Wickremesinghe (Category: Breaking News)
- SJB and SLPP rebels decide to boycott budget vote (Category: Breaking News)
- IMF calls for resumption of dialogue to reach deal with Sri Lanka (Category: Breaking News)
- Maldives Speaker to coordinate relief assistance for Sri Lanka (Category: Breaking News)
Sri Lanka fuel queues still remain as is faces dollar shortage to buy fuel
- 400 Shops In Colombo To Be Sealed (Category: Breaking News)
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Oil Pipeline Places Over 400 Families Under Threat (Category: Breaking News)
- 400 fuel stations are at risk of closing down every day (Category: Breaking News)
In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood, the ANI reported.The post Makeshift brothels crop up in Sri Lanka
- Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution - re... (Category: Breaking News)
- Japan provides additional US$ 6.6 million for food and nutrition in Sri Lanka (Category: Breaking News)
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
The best way to resolve the current crisis situation in the country is an all-party government, President Ranil Wickremesinghe says.
The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka s debt default, but many challenges remain as the country seeks financing support from the IMF and debt restructuring from private and official bilateral creditors, says Fitch Ratings.
Opposition Leader Sajith Premadasa says there is a lack of trust amongst politicians in Sri Lanka. Premadasa tweeted saying the real system issue is that there is no trust amongst politicians. “There is no trust amongst politicians. That’s the real system issue. It will take a lean team of cabinet members who can work well […]
- Legitimacy of Government, opposition questioned (Category: Breaking News)
- Heated exchange between Sajith and RW (Category: Breaking News)
- Sajith writes to President seeking PM post (Category: Breaking News)
- Sajith says he loves to be a pilot (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
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