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[…]The post Prasanna Ranatunga’s Misguided Claims, The JVP & The Tragedy Of The Black July Riots, 1983 appeared first on Colombo Telegraph.
Religious minorities in Pakistan, including Christians, Hindus, and Shia Muslims, also encounter discrimination and persecution, notably through the country’s blasphemy laws. Advocacy organizations representing Christians and Hindus, as well as other minority groups, criticize the electoral system, asserting its undemocratic nature and its marginalization of religious minorities from mainstream po...
A team from the International Monetary Fund (IMF) is set to arrive in Sri Lanka for the second review of the Extended Fund Facility (EFF) program, which is scheduled to begin on March 07, 2024, according to State Minister of Finance Shehan Semasinghe.The post IMF Team to conduct second review
A team from the International Monetary Fund (IMF) is to arrive in Sri Lanka for the second review of the Extended Fund Facility (EFF) programme which is to begin on 07 March, according to State Minister of Finance Shehan Semasinghe.
International Monetary Fund chief Kristalina Georgieva on Tuesday said she wants to shine a spotlight on the timelines and predictability of debt restructuring processes at the next meeting of the Global Sovereign Debt Roundtable in April.
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
ECONOMYNEXT –The Asian Development Bank (ADB) expects Sri Lanka not to reverse its International Monetary Fund-led policy reforms despite elections soon, the ADB Country Director for Sri Lanka Takafumi Kadono said. The island nation has witnessed repeated reversals of policy reforms in the past due
Leader of the United Republic Front Member of Parliament Patali Champika Ranawaka, presented the proposal titled “A United Step for the Country” to President Ranil Wickremesinghe , at ‘Srikota’, the United National Party headquarters in Colombo this morning (24). Speaking at the event President Ranil Wickremesinghe, highlighted the government’s concerted efforts over the past two […]
Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government
Sri Lanka said on Wednesday it had exported tea worth US$20 million to Iran to partially repay its US$251 million oil debts, with Colombo saying Tehran’s visiting foreign minister had expressed “satisfaction” at the deal.The post Sri Lanka settles US$ 20 million Iranian oil debt with tea appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka sent a new restructuring proposal to dollar bondholders through its adviser Lazard as the South Asian nation seeks to complete overhauling its defaulted debt, according to people familiar with the matter. A counter proposal to a bondholder group’s offer in October for a 20% haircut and the issuance of macro-linked bonds was conveyed […]
by Shantha Jayarathne, PhD In recent discussions, concerns have emerged about the National People’s Power (NPP) in Sri Lanka, with some fearing a return to outdated communist traditions if the party ascends to power. These apprehensions, often fueled by political agendas, particularly target those with limited political literacy. This article aims to dispel these misconceptions […]
… draws attention to discrepancy in beneficial interest rates for EPF members By Shamindra Ferdinando Dissident SLPP lawmaker Gevindu Cumaratunga yesterday (18) said that the Wickremesinghe-Rajapaksa government owed an explanation how the Governing Board of the Central Bank had approved a massive salary increase to CBSL employees at a time the country was experiencing developing […]
The Sri Lankan Government is confident of completing the entire debt restructuring process by June this year. State Minister of Finance Ranjith Siyambalapitiya said that bilateral debt is expected to be restructured by March. He also said that discussions are ongoing with private creditors and their debt is likely to be restructured by April. The […]
Sri Lankan Foreign Secretary Aruni Wijewardane and U.S. Under Secretary for Public Diplomacy and Public Affairs Elizabeth Allen held a discussion at the Ministry of Foreign Affairs on February 17, 2024.The post Sri Lanka’s Foreign Secretary holds talks on bilateral relations with U.S. Under Secretary appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund is now Âvery confident the global economy will see a soft landing, its managing director Kristalina Georgieva said on Monday, adding that interest rates would start coming down around mid year.
Former Pakistani prime ministers and bitter rivals Nawaz Sharif and Imran Khan on Friday both declared victory in elections marred by delayed results and militant attacks, throwing the country into further political turmoil.The post Pakistan elections: Imran Khan, Nawaz Sharif both claim wins appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka expects to attract about US$5 billion in foreign funds in the next two years once it is able to finalise the restructuring of its overseas debt, the country’s foreign minister said on Monday (February 5).The post Sri Lanka eyes US$5 billion in foreign funds after debt restructure appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
From Pakistan to India, activists warn of tendency to throttle the net as elections near MADURAI, India — New legislation to regulate online content in Sri Lanka has renewed concern over freedom of expression ahead of expected elections. It also highlights a growing habit of restricting the internet across South Asia, from India to Pakistan. […]
[…]The post Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 appeared first on Colombo Telegraph.
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
EXCLUSIVE Threaten to push IMF to block next tranche Litigation by bond holders not ruled out Govt. assures will expedite communications Sri Lanka keen on win-win solution By Easwaran Rutnam Private creditors have threatened to do all it can to persuade the International Monetary Fund (IMF
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
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