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- onlanka.com - Category : Breaking News - Relavancy : 0.16309744

Sri Lanka’s National Consumer Price Index (NCPI) inflation eased to 33.6% year-on-year in April, after a 49.2% rise in March, the statistics department said on Monday.The post Sri Lanka’s consumer inflation dips to 33.6% in April appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.

- colombogazette.com - Category : Breaking News - Relavancy : 0.16309744

Sinopec (600028.SS) has signed a contract to enter Sri Lanka’s retail fuel market, the President’s office said on Monday, as the crisis-hit country attempts to reduce pressure on its meagre dollar reserves. Under the new deal the Chinese firm will be given a 20-year licence to operate 150 fuel stations and will also be able […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 4.7973905

[…]The post Central Banks Have A Critical Role To Play During Times Of Financial Crisis appeared first on Colombo Telegraph.

- colombogazette.com - Category : Breaking News - Relavancy : 0.14271027

China should play a formal role in the common framework for creditor talks set up by India and the Paris Club that is aimed at facilitating Sri Lanka’s debt restructuring, a U.S. official said. Sri Lanka defaulted on its foreign debt for the first time in its history last April as its economy faced its […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.08154872

India and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions in order to strengthen their partnership through trade and investment-led measures. Recently, the High Commission of India organized a discussion in Colombo, on the use of the Indian Rupee for transactions between the two countries. Representatives from the Bank […]

- onlanka.com - Category : Breaking News - Relavancy : 0.16309744

The Sri Lankan economy is expected to contract by 3% in 2023 given the weak external environment, Krishna Srinivasan, Director of the Asia Pacific Department at the International Monetary Fund, said on Monday.The post Sri Lankan economy expected to contract by 3% in 2023: IMF official appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.

- onlanka.com - Category : Breaking News - Relavancy : 0.20182279

Cash-strapped Sri Lanka’s national airline announced a staggering US $ 525 million annual loss yesterday.The post Sri Lanka’s airline posts US $ 525 million annual loss appeared first on ONLANKA News ::. Latest Sri Lanka News with Breaking News Alerts from Sri Lanka.

- colombogazette.com - Category : Breaking News - Relavancy : 0.614732

and current economic and financial crisis in Sri Lanka, the European […]

- onlanka.com - Category : Breaking News - Relavancy : 0.16309744

An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September.The post IMF delegation to arrive in Sri Lanka on Thursday appeared first on ONLANKA News ::. Latest Sri Lanka News with Breaking News Alerts from Sri Lanka.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08154872

[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.06116154

[…]The post Domestic Debt Restructuring: Another Time Bomb Clicking Down? appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.14271027

Sri Lanka's apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country.The post Sri Lanka apparel exports to drop by $1 billion in 2023, trade body says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.

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- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08154872

[…]The post Restructuring The Economy: A Stock Take appeared first on Colombo Telegraph.

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- onlanka.com - Category : Breaking News - Relavancy : 0.12232308

Sri Lanka's key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said on Friday, a sign of relief for the crisis-battered economy.The post Sri Lanka’s key inflation rate eases to 35.3% in April appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08154872

[…]The post Privatization Of Defence Sector Enterprises For Alleviating Economic Crisis appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.614732

Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka

- onlanka.com - Category : Breaking News - Relavancy : 0.16309744

Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, its president told the parliament on Wednesday as he sought support of opposition parties for a nearly $3 billion International Monetary Fund (IMF) programme.The post Sri Lanka trying to reduce overall debt by $17 Billion, president says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.

- island.lk - Category : Breaking News - Relavancy : 0.06116154

Sri Lanka is caught up in the China-Quad battle. The Indian participation in the ‘Quad’ project has further complicated matters for Sri Lanka. President Gotabaya Rajapaksa’s ouster, last July, following a US-backed protest campaign that overwhelmed the seemingly invincible administration, underlines the urgent need for a thorough examination of external interventions. By Shamindra Ferdinando The [...

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08154872

[…]The post IMF, ATA & RW’s Consolidation   appeared first on Colombo Telegraph.

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- onlanka.com - Category : Breaking News - Relavancy : 0.14271027

Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday.The post Sri Lanka consumer inflation dips to 49.2% year-on-year in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- colombogazette.com - Category : Breaking News - Relavancy : 0.14271027

Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say.   Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment of the $200 million credit […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.071355134

[…]The post IMF Forecasts & Systemic Crisis appeared first on Colombo Telegraph.

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- onlanka.com - Category : Breaking News - Relavancy : 0.14271027

A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding over $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter.The post Sri Lanka’s bondholders send debt rework proposal to government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- island.lk - Category : Breaking News - Relavancy : 0.14271027

IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]

- onlanka.com - Category : Breaking News - Relavancy : 0.14271027

Japan, India and France are scheduled to hold a press briefing on Thursday (13 April) to announce the launch of the debt restructuring negotiation process on Sri Lanka.The post Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- onlanka.com - Category : Breaking News - Relavancy : 0.12232308

Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...

- colombogazette.com - Category : Breaking News - Relavancy : 0.08154872

The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia. The IMF predicts the UK […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.12232308

Sri Lanka’s sovereign lenders have yet to inform the Government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the Central Bank Governor told Reuters in an interview on Tuesday. The island nation aims to formally engage […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.115327306

[…]The post Anti-Terrorism Act To Prevent System Change appeared first on Colombo Telegraph.

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- onlanka.com - Category : Breaking News - Relavancy : 0.14271027

Sri Lanka's central bank kept interest rates steady on Tuesday and expressed optimism that prices would decelerate sharply in the coming months, in its first policy decision since securing a $3 billion bailout from the International Monetary Fund.The post Sri Lanka central bank holds rates, sees sharp drop in inflation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...

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