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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 post Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do It? appeared first on Colombo Telegraph.
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.
Another round of discussions with the International Monetary Fund, with the aim of finding solutions to the financial crisis facing Sri Lanka, was held last Wednesday (24) at the President’s Office under the patronage of President Ranil Wickremesinghe.President Wickremesinghe joined the meeting via
Industry experts say 70% of government construction projects are on hold now.
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis
Beijing [China], August 12 (ANI): Recent protests in China’s Henan province underline the risks being faced by banks as the real estate sector continues to struggle. The real estate sector in China accounts for around 24 per cent of gross domestic product (GDP), almost a quarter of the nation’s GDP, according to authors Ahana Roy […]
The International Monetary Fund said it will need "adequate assurances" from Sri Lanka's creditors for a new program as it prepares a visit to Colombo later this month.The post IMF eyes creditor assurances as it prepares Sri Lanka visit appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Archbishop of Colombo, Malcolm Cardinal Ranjith, on Thursday, said that Sri Lanka needed aid but with clear-cut conditions to preserve democracy, the rule of law, honesty and safeguard human rights.The prelate said that Sri Lanka had suffered a serious erosion of democracy, which had been caused by three factors. “The first one is the gradual […]
Sri Lanka's ruling party has asked the country's new president to provide security and other assistance for his predecessor who fled to Southeast Asia last month after protests flared amid a crippling economic crisis, an official said on Thursday.The post Sri Lanka’s ruling party asks new president to help with ex-leader Rajapaksa’s return appeared first on ONLANKA News :. Sri Lanka Br...
a grave financial crisis, of which the repercussions are […]
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
with private creditors, has been battling the worst financial crisis in […]
Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments.The post S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka's ousted president, Gotabaya Rajapaksa, is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said.The post Sri Lanka’s ousted president expected to go to Thailand appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lan...
Former President Gotabaya Rajapaksa is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said. Rajapaksa fled to Singapore on July 14, via the Maldives, following unprecedented unrest triggered by Sri Lanka’s worst economic crisis in […]
By Hiran H.Senewiratne The government is planning to restructure the national carrier, Sri Lankan Airlines, and privatization is one proposed option due to the current financial crisis, Sri Lankan Airlines Chief Executive Officer (CEO) Richard Nuttall said. “We are now looking
The newly appointed brand ambassador for Sri Lanka Tourism, former cricketer Sanath Jayasuriya met the Indian High Commissioner to Sri Lanka Gopal Baglay and discussed promoting tourism between both countries. The Indian High Commission said that the meeting focused on strengthening ties between the people of India and Sri Lanka and promoting tourism as an […]
by Shamindra Ferdinando Former Chairman of the Committee on Public Enterprises (COPE) Prof. Charitha Herath yesterday (07) said that though the prorogation of the Parliament led to the dissolution of the watchdog committee it shouldn’t hinder a planned inquiry to identify those responsible for the current economic chaos. Prof. Herath said that the COPE was […]
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.The post Sri Lanka considering restructure of local and sovereign debt appeared first on ONLANKA News
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
[…]The post Poor Governance: Lack Of Policies To Overcome The Crises appeared first on Colombo Telegraph.
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