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The International Monetary Fund (IMF) this week praised Sri Lanka for the progress it has made in implementing economic reforms, despite the difficulties faced by the public.The post IMF praises Sri Lanka’s economic progress amid challenges appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Monetary Reserves (Category: Business)
- Top Marks (Category: Business)
- IMF says Sri Lanka is doing well (Category: Breaking News)
- IMF mission concludes visit to Sri Lanka, expresses satisfaction on economic progress (Category: Breaking News)
Union Bank opened a highly automated Digital Zone in Rajagiriya, as part of the Bank’s digital transformation initiatives to expand Smart Banking convenience to customers. Union Bank Digital Zones were also opened at the Bank’s Head Office and at the Pettah branch recently.
- Union Bank digital zone now In Pettah (Category: Breaking News)
- Couples in Sri Lanka not prioritizing having babies (Category: Breaking News)
- NIA arrests wanted accused in espionage case involving Sri Lankan (Category: Breaking News)
- Four paratroopers injured during Independence Day rehearsals (Category: Breaking News)
by Neville Ladduwahetty The question cited above was the title of an article published in Ceylon Today by N. Sathya Moorthy (SM), who identifies himself as a Chennai based Policy Analyst/Political Commentator (Friday 10, 2024).The answer to his question is – NOT YET. For the present, stealing is limited to marine assets and the destruction […]
- Implications of India – Sri Lanka connectivity (Category: Breaking News)
- Jaishankar pledges energy support, says bilateral creditors must be equally treated (Category: Breaking News)
- Renewable energy, India extends hand to Sri Lanka (Category: Breaking News)
- PM Modi’s comments: ‘Ensure dignity and respect for Tamils’ (Category: Breaking News)
Chinese President Xi Jinping had upon taking office a decade ago vowed to end corruption but now many of its close associates and leaders of China Communist Party (CCP) are facing serious graft charges. Former vice-justice minister Liu Zhiqiang is the latest addition to the list, who is now subjected to “disciplinary review and supervisory […]
- CCP’s treacherous internal political situation (Category: Breaking News)
- What Does China Want? (Category: Breaking News)
- Decline in CCP Membership Reflects Shifting Dynamics in China’s Communist Party (Category: Breaking News)
- Purges Don’t Move Policy in China (Category: Breaking News)
Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]
- Customs revenue exceeds Rs. 109 billion in October (Category: Breaking News)
- Sri Lanka s economy grows 1.6% in 3rd quarter of 2023 (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
- Record-breaking tax collection this year? (Category: Breaking News)
During the first quarter of 2024, Bank of Ceylon demonstrated impressive growth and resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, a substantial increase compared to the previous year, illustrating its dedication in challenging economic conditions. As favorable conditions emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, […]
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- ComBank begins 2024 with impressive growth (Category: Breaking News)
- COMBank’s 1Q pre-tax profit up 40% to Rs 4.145 b (Category: Business)
- Singer Sri Lanka revenue grows by over Rs. 1 b in first quarter (Category: Breaking News)
The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet. The Group […]
- Rs 10 billion allocated for renovation of rural roads (Category: Breaking News)
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- Rs. 1.5 billion allocated for the development of school cricket at provincial level (Category: Breaking News)
- Banks loosen tight fists (Category: Business)
India’s fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka. Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India’s High Commissioner to Sri Lanka Santosh Jha attended the launch event in Sri Lanka. In a post on X, the Indian High Commission in Sri Lanka stated, “Unlocking new frontiers in […]
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
- India’s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
- India and Sri Lanka fail to reach deal on fee payments for RuPay transactions (Category: Breaking News)
- The UPI revolution: Cashless digitized economy activated (Category: Breaking News)
DFCC Bank recently unveiled its Annual Report 2023, spotlighting the Bank’s remarkable achievements against a backdrop of formidable challenges and exciting opportunities. Overcoming a challenging and dynamic economic environment, DFCC Bank emerged, posting a record-breaking financial year. These achievements were complemented and supported by the Bank’s many sustainable initiatives in...
- Pintanna Plantations Unveils the First-Ever Wallapatta Museum (Category: Breaking News)
- Taiwan unveils new submarine to fend off China (Category: Breaking News)
- HDFC Bank unveils its maiden integrated annual report (Category: Business)
- Norlanka Unveils New Corporate Logo (Category: Breaking News)
The government was in overdrive to please the MPs who supported it while hoodwinking people with promises, SLPP dissident MP Chandima Weerakkody told Parliament on Monday. MP Weerakkody said that President Ranil Wickremesinghe had claimed that it had no funds to increase the salaries of state workers and they had to wait until next year. “All these […]
- Chandima new Deputy Speaker (Category: Breaking News)
- Inquiry on assault in parliament will be conducted: Dep. Speaker (Category: Breaking News)
- MP ordered to handover phone (Category: Breaking News)
- Chandima Weerakkody appointed Deputy Speaker (Category: Breaking News)
SJB and Opposition Leader Sajith Premadasa yesterday called on the government to take stringent action against those engaging in pyramid scams in Sri Lanka. Premadasa said that ‘OnmaxDT’, a private firm was involved in a pyramid fraud of US$ 100 million in Sri Lanka. ‘OnmaxDT’ is among nine entities banned by the Central Bank of Sri Lanka in August […]
- “If I go down, you go down with me,” says Diana Gamage to SJB (Category: Breaking News)
- Sajith: Prz locking horns with Sports Minister over cricket reforms has led to calamity (Category: Breaking News)
- MP Navaratne denies switching allegiance to Sajith (Category: Breaking News)
- Sajith Premadasa tables SLC letter to ICC over undue interference (Category: Breaking News)
In the bustling heart of Ja-Ela, Moose Clothing Company stands tall as a beacon of creativity, technical expertise, and workmanship. Established in 2018 with a vision to redefine Sri Lanka’s fashion landscape whilst bridging the gap between affordability and accessibility to good quality fashion, Moose Clothing Company has now embarked on a journey that transcends […]
- Moose Clothing Company sponsors Sri Lankan team for World Cup (Category: Breaking News)
- Moose Clothing Co. SLC’s Official Cricket Clothing Sponsor for 2023-27 (Category: Sports)
- Sri Lanka team departs for ICC T20 World Cup (Category: Breaking News)
- ICC T20 official sponsor Hyundai gifts fleet of 60 vehicles (Category: Business)
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement a voluntary retirement scheme (VRS) for employees of the Sri Lanka Savings Bank. A payment is to be made to employees who retire voluntarily. The Sri Lanka Savings Bank became […]
- Capital Cushion (Category: Business)
- Investment Funds (Category: Business)
- State Support (Category: Business)
- New Model (Category: Business)
[…]The post Being Meticulously Scrupulous! appeared first on Colombo Telegraph.
- A Painted Ship In A Painted Ocean (Category: Breaking News)
- The Buddha’s Idea Of Critical Thinking (Category: Breaking News)
- Bleeding Hearts & Brave Hearts (Category: Breaking News)
- Brahmins Demand A Debate On Debt (Category: Breaking News)
[…]The post Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To The Governor Of The Central Bank appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- NPP Deserves Fairness From Critics (Category: Breaking News)
- Ranil Vs. AKD: Who Will Blink First? (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
[…]The post After May Day: Now What? appeared first on Colombo Telegraph.
- Planning For A Year Of Elections (Category: Breaking News)
- Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World (Category: Breaking News)
- AKD’s Recent Climb Is Meteoric, Yet A Long Way To Go (Category: Breaking News)
- Election Or No Election, Ranil Is done; He’s Not Fit For Office (Category: Breaking News)
[…]The post Economic Growth, National Security, And What Next For Sri Lanka appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- The Magic 2048: What Is To Be Done To Make Ranilnomics A Reality? (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality (Category: Breaking News)
By N Sathiya Moorthy The way the politics of the upcoming presidential poll is panning out, it may not be long before some external player involved in Sri Lanka’s debt-restructuring and allies aspects of economic recovery will begin hinting at the need for a national consensus on such matters. It may be the IMF, it may […]
- CB chief says Sri Lanka polls could risk economic recovery (Category: Breaking News)
- President insists he is not a dictator (Category: Breaking News)
- Can emergency be a hurdle to forming an all-party government? (Category: Breaking News)
- Old Wine in Older Bottles (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe stated that he expects to increase the growth rate of Sri Lanka’s economy to up to 3% by the year 2025 and mentioned that steps would be taken to increase the salaries of government employees.The post Sri Lanka Nursing University inaugurated appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Growth rate of Sri Lanka’s economy will be increased up to 3% by 2025 – President (Category: Breaking News)
- President proposes establishing Int l University on Climate Change in Sri Lanka (Category: Breaking News)
- Sri Lanka Government focuses on promoting ‘Health Tourism’ (Category: Breaking News)
- President seeks ADB support to set up International University on Climate Change in Sri Lanka (Category: Breaking News)
[…]The post Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
by Rex Clementine Sri Lanka have named their squad for the ICC T-20 World Cup and some big names that featured in T-20 sides in recent outings have been given the cold shoulder. The most notable of them all is former captain Kusal Janith Perera. Perhaps the fiercest striker of the cricket ball in Sri […]
- IPL stars expected to join teams in Hambantota (Category: Breaking News)
- Pace dominates spin in Sri Lankan attack (Category: Breaking News)
- Sri Lanka set aside their worst fears (Category: Breaking News)
- Kamindu Mendis needs to be persevered with (Category: Breaking News)
The HSBC Bank in Sri Lanka has warned constituents to beware of scammers actively promoting unauthorized crypto currency investment schemes through compromised or hacked social media profiles. In some cases, there have been false notifications appearing to be from HSBC, referring to a crypto investment credit, he bank said. “We wish to clarify that HSBC […]
- Police shed light on massive fake crypto investment scheme (Category: Breaking News)
- Chinese couple and local arrested over Rs. 14 bn. crypto currency fraud (Category: Breaking News)
- Video: CRYPTO | THIS IS WHY CRYPTO IS CRASHING??? (Category: Business)
- Video: NO MORE CRYPTO | WE NO LONGER LOOK FOR CRYPTO!!! (Category: Business)
Debt owed by various countries, especially in South Asia and Africa, to China has multiplied in recent years.The post Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Sri Lanka s debt to China close to 20% of public external debt - study (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
Ireland and Pakistan were playing each other in a T20I for the first time in 15 years, and Andy Balbirnie’s 77 helped the hosts beat the visitors. It was Ireland’s first win over Pakistan in the format, with the only time the teams having met earlier coming at the World T20 in 2009. Harry Tector […]
- Shaheen, Babar and Rizwan outclass Ireland as Pakistan seal series win (Category: Breaking News)
- Rizwan and Fakhar help Pakistan draw level with Ireland (Category: Breaking News)
- Josh Little’s record 6 for 36 puts Ireland 1-0 up (Category: Breaking News)
- Nabi, Rashid turn the tables on Ireland to level series for Afghanistan (Category: Breaking News)
Union Bank recently opened its newest digital zone in Pettah offering 24/7 Smart Banking services to customers and enhancing customer experience as part of the Bank’s ongoing Digital Transformation initiatives. Valued Customers of Pettah branch joined Kasun De Silva Zonal Head Zone 1A and Frank Nesarajah Cluster Head Trade Hub at the opening of the Pettah […]
- Union Bank Opens Newest Digital Zone in Rajagiriya (Category: Breaking News)
- Union Bank Elevates Digital Banking Experience with New Digital Zones (Category: Breaking News)
- Top Middle East company to jointly develop Colombo Port City (Category: Breaking News)
- US Ambassador at Large for Cyberspace and Digital Policy to visit Sri Lanka (Category: Breaking News)
[…]The post Aragalaya Effect Vs IMF Effect appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
President Ranil Wickremesinghe told Parliament yesterday, making a statement, that he had assumed leadership of the country without any conditions, despite being a sole Member of Parliament from his party. The President said he expected to conclude all negotiations with external creditors by the middle of this year, and that the ultimate goal of debt restructuring […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Prez reiterates need to go ahead with local debt restructuring (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
[…]The post Ignoring The Whale, While Hooking The Sprat appeared first on Colombo Telegraph.
- Just Rewards For Hard Work (Category: Breaking News)
- On Overlooking The Obvious (Category: Breaking News)
- Improvising To Overcome Tragedy (Category: Breaking News)
- Aiyo Sirisena! Cut Out The Bluff! (Category: Breaking News)
[…]The post Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
Left-arm spinning allrounder Dunith Wellalage has made Sri Lanka’s squad for the 2024 T20 World Cup despite never having played a T20 international. Top-order batter Kamindu Mendis and round-arm seamer Nuwan Thushara are also in the 15. From the older cohort, Angelo Mathews, Dhananjaya de Silva, and Dasun Shanaka also find places in the squad. […]
- Angelo Mathews back in T20I squad after three-year absence (Category: Breaking News)
- Bangladesh look to remedy home record as rivalry with Sri Lanka heats up (Category: Breaking News)
- Sri Lanka bowled out for 50 in Asia Cup final (Category: Breaking News)
- Vanuatu stun Zimbabwe to kick off T20 World Cup Qualifier (Category: Breaking News)
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