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Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday
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Forex problems should be addressed by macro-economic policy
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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...
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 […]
Wickremesinghe is budgeting in a sea of monetary instability
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 […]
"If there is no flour, we simply cannot produce,” said Jayawardena.
Market up for the first time in six straight sessions
The country is yet to see the impacts of economic crisis easing.
Union Defence Minister Rajnath Singh on Friday asserted that India had made a strong recovery after the onslaught of the Covid-19 pandemic and was on course to become one of the three top global economies of the world by 2047. “India is the fastest growing economy…A reshaped economic
"US-Sri Lanka bilateral trade already supports more than 180,000 workers supplying exports to the US."
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By Shamindra Ferdinando SJB MP Dr. Harsha de Silva yesterday said that he was quite disappointed that his economic revival plan, or common minimum programme, presented in parliament on 12 August hadn’t received the anticipated response from political parties, represented in Parliament. The Colombo District lawmaker said so when The Island asked him whether political parties and President […...
By Nicola Perera In the national media of 21 August 2022, the UGC Chairman goes on record saying that, as university authorities deliberate the possibilities of bringing students back to campuses while the nation grapples with a devastating economic collapse and the pandemic, online education will continue to function as an interim measure. He said […]
By Jehan Perera The ruling party has requested President Ranil Wickremesinghe to facilitate the return of former president Gotabaya Rajapaksa to the country and his appointment as prime minister. The former president left the country when large numbers of protestors who had been actively protesting against the economic collapse and corruption in the country took over […]
By Shamindra Ferdinando Samagi Jana Balavegaya (SJB) leader Sajith Premadasa yesterday (29) lashed out at the government for failing to check rampant corruption. Premadasa, who is also the Leader of the Opposition, asked whether President Ranil Wickremesinghe, government wanted his party to accept ministerial portfolios to share the ill-gotten gains from the latest corrupt deal (USD […]
Sri Lanka stocks gained to four month high early this month on political stability hope
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Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.The post Sri Lanka’s president to cut spending in interim budget appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Printed money bigger than budget deficit
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
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UNP Chairman Wajira Abeywardena has declared that political parties represented in parliament should agree on a set of polices that should remain unchanged for a period of 25 years.A statement issued by the UNP quoted UNP National List MP Abeywardena as having told the media that a system should be in place to prevent overnight […]
There will be selling ahead of the interim budget on August 30