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- adaderana.lk - Category : Breaking News - Relavancy : 0.7376845

Facing a dire national financial crisis and an urgent need to generate foreign currency income, state-owned SriLankan Airlines (SL) is restructuring and expanding its network to markets that were strong in the pre-Covid period, including Australia, and China.

- adaderana.lk - Category : Breaking News - Relavancy : 0.7376845

Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.

- onlanka.com - Category : Breaking News - Relavancy : 0.61473703

Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.The post Sri Lanka to make $2.6 billion in loan repayments in first half

- colombogazette.com - Category : Breaking News - Relavancy : 0.10192641

By Maleeha Lodhi PAKISTAN’S bane has long been a narrow, oligarchic power elite that has dominated its politics and controlled its economy at the cost of people’s welfare and the country’s progress and development. Its entrenched position over decades meant that governance challenges multiplied with force and intensity, leaving the country with daunting problems of […]

- island.lk - Category : Breaking News - Relavancy : 0.07134849

Excerpted from volume ii of Sarath Amunugama autobiography I was lucky both as Permanent Secretary and a researcher in the field of family planning to spend time in the east coast which is one of the loveliest parts of Sri Lanka, with its pristine beaches and a large swath of blue sea. The Information department […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08154113

[…]The post Warning Signal To RW’s Transformation Agenda appeared first on Colombo Telegraph.

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- colombogazette.com - Category : Breaking News - Relavancy : 0.14269698

Colombo [Sri Lanka], February 2 (ANI): External Affairs Minister S Jaishankar’s visit to Sri Lanka is being seen as a harbinger of positive developments and an improved economic and financial situation for the island nation. Jaishankar during his visit to Sri Lanka reasserted India’s pursuit of the ‘Neighbourhood First’ policy and the belief in not […]

- adaderana.lk - Category : Breaking News - Relavancy : 4.7974215

Samagi Jana Balawegaya (SJB) MP Eran Wickramaratne has stated that Sri Lanka s financial crisis cannot be addressed merely by revenue raising measures, without the implementation of cost cutting and efficiency increasing measures.

- colombogazette.com - Category : Breaking News - Relavancy : 0.08154113

In an unprecedented turn of events, Pakistan’s close allies Saudi Arabia and the UAE have asked Islamabad to forget the Kashmir issue as the country is embroiled in other complex issues that need to be resolved. “Don’t cry for Kashmir” were the innuendos used by the Middle Eastern leaders when Pakistan Prime Minister Shabazz Sharif […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08154113

[…]The post Mahinda Rajapaksa, Ministers, Tri-Services/Police, Corporates Owe Massive Amount In Electricity Bill Payments, RTI Disclosures Show   appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.14269698

China’s government on Friday confirmed it is offering Sri Lanka a two-year moratorium on loan repayments as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a financial crisis.The post China confirms two-year debt moratorium offer for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- onlanka.com - Category : Breaking News - Relavancy : 0.14269698

Sri Lanka’s international bondholders group was prepared to engage with the island nation’s authorities in debt restructuring talks consistent with the parameters of the IMF Programme, their legal adviser, White & Case LLP, said.The post Sri Lanka bondholders ready for debt restructuring talks with authorities appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...

- onlanka.com - Category : Breaking News - Relavancy : 0.14269698

Sri Lanka's key inflation rate eased to 54.2% in January from 57.2% in December, the country's statistics department said on Tuesday.The post Sri Lanka’s key inflation rate eases to 54.2% in January appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- colombogazette.com - Category : Breaking News - Relavancy : 0.14123337

China’s efforts to gain the space it lost in Sri Lanka to India have hit yet another stumbling block after it vehemently opposed the invitation to Tibetan Buddhist spiritual guru Dalai Lama. Sri Lanka is a Buddhist-majority country and China’s record of treatment of religious minorities especially Tibetan Buddhists has not been good. China’s image […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.14269698

The International Monetary Fund (IMF) is still awaiting assurances on Sri Lanka in order to present a Fund-supported program for Sri Lanka to the IMF’s Executive Board, for approval.  The IMF confirmed that India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary […]

- onlanka.com - Category : Breaking News - Relavancy : 0.16308226

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.The post India commits to help Sri Lanka on debt in prospective IMF program appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- colombogazette.com - Category : Breaking News - Relavancy : 0.61473703

The International Monetary Fund wants Sri Lanka to provide more relief to the poor and vulnerable people during the financial crisis in order to secure IMF board approval for financial assistance. State Minister of Finance Shehan Semasinghe said that providing relief to the poor is an essential

- onlanka.com - Category : Breaking News - Relavancy : 0.1223117

India’s External Affairs Minister S. Jaishankar on Thursday met Sri Lanka's top leadership and conveyed India's commitment to increase investment flows to hasten the debt-ridden island nation's economic recovery.The post Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten economic recovery appeared first on Sri Lanka News - Latest Breaking News in Sri La...

- onlanka.com - Category : Breaking News - Relavancy : 0.1223117

India's foreign minister arrives in Colombo on Thursday following his country's backing of Sri Lanka for a $2.9 billion International Monetary Fund (IMF) loan, leaving China as the island's last remaining major creditor to agree to a debt restructuring plan.The post India foreign minister visits Sri Lanka with stronger ties, China in focus appeared first on Sri Lanka News - Latest Breaking News in...

- onlanka.com - Category : Breaking News - Relavancy : 0.14269698

India has told the International Monetary Fund that it strongly supports Sri Lanka's debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters.The post India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- onlanka.com - Category : Breaking News - Relavancy : 0.1223117

The government is considering a contributory pension scheme for the government employees, who have been recruited after 2016, Prime Minister Dinesh Gunawardena told Parliament yesterday (January 17).The post Contributory pension scheme for those joining state sector after 2016 – Prime Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- onlanka.com - Category : Breaking News - Relavancy : 0.14269698

A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund (IMF) said in a new staff report.The post IMF says fragmentation could cost global economy up to 7% of GDP appeared first on Sri Lanka News ...

- island.lk - Category : Breaking News - Relavancy : 0.40770563

President Ranil Wickremesinghe during a meeting with trade union representatives, emphasized the need of working within one policy framework to overcome the economic difficulties the country is confronted with. The President and Prime Minister met government, semi-government and private sector trade union leaders and representatives  to discuss the corrective measures that could be taken to [̷...

- onlanka.com - Category : Breaking News - Relavancy : 0.14269698

President Ranil Wickremesinghe emphasised the need of working within one policy framework by all while facing the economic difficulties the country is confronted with, President's Media Division (PMD) said.The post Let’s solve economic issues by working within one policy framework – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

- colombogazette.com - Category : Breaking News - Relavancy : 0.14269698

President Ranil Wickremesinghe has said that India’s response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka, which is trying to secure a USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to to get financial assurances from its major creditors […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.07134849

[…]The post Controversial Social Activists & Freedom of Expression: Hateful Words Can Be As Dangerous As Physical Violence appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.10192641

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...

- island.lk - Category : Breaking News - Relavancy : 0.07134849

By Dr. C. S. Weeraratna (csweera@sltnet.lk) Sri Lanka is facing an unprecedented crisis mainly due to economic mismanagement and corruption in the various development sectors. During the last few weeks, at various discussions related to the country’s economy, the need to take effective action on the present economic situation in the country has been highlighted. […]

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Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]

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