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[…]The post All-Weather And Fair-Weather Friends appeared first on Colombo Telegraph.
- What Sri Lanka Can Take Away From The US Elections (Category: Breaking News)
- USA Is Less Racist And Bigoted Than Sri Lanka (Category: Breaking News)
- Will Gota Mess Around With 13A? (Category: Breaking News)
- Will Gota Mess Around With 13A? (Category: Breaking News)
[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
- Immediate Governmental Actions Needed (Category: Breaking News)
- Lack Of Accountability, Ability & Credibility (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- The First Step Of Aragalaya Is Completed: What Is Next? (Category: Breaking News)
The Government has decided to increase the Value Added Tax (VAT) from 8% to 12% and the Telecommunications Levy from 11.23% to 15%. The Prime Minister’s Office said that Sri Lanka introduced a low tax regime in late 2019. The reforms included the reduction of tax rates of Value Added Tax, Personal Income Tax (PIT) […]
- Proposed homeowners tax to target high wealth individuals (Category: Breaking News)
- Taxable income of individuals revised (Category: Breaking News)
- IMF defends tax hike in Sri Lanka (Category: Breaking News)
- Social Security Contribution Levy Bill passed (Category: Breaking News)
"It’s the overall uncertainty in the system," a market analyst said.
- Sri Lanka shares fall on profit taking (Category: Breaking News)
- Sri Lanka sells Rs81bn in Treasuries, yields steady (Category: Breaking News)
- Sri Lanka sells Rs127bn in bonds, 2032 on tap at 30.09-pct (Category: Breaking News)
- Sri Lanka stocks gain on financials; Sampath Bank leads (Category: Breaking News)
Sri Lanka is to seek assistance from Paris Club lenders and the G7, Minister of Foreign Affairs Professor G.L. Peiris said. Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka. Minister Peiris explained that the Government of Sri Lanka will seek assistance […]
- Central mechanism to be established to streamline requests for assistance (Category: Breaking News)
- Empathy and understanding sought by Sri Lanka (Category: Breaking News)
- Iran assures continued assistance to Sri Lanka (Category: Breaking News)
- UK exploring avenues of support towards Sri Lanka (Category: Breaking News)
Food prices up 57-pct over 12-months and 86-pct since inflationary policy began in Aug 2019
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
[…]The post A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? appeared first on Colombo Telegraph.
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: How Colonial Ceylon Did It? (Category: Breaking News)
WB has assures 700 million dollars assistance within a few months
- Top Marks (Category: Business)
- Islamic Banking (Category: Business)
- Lucky Thirteen (Category: Business)
- Top Marks (Category: Business)
Sri Lanka has sought assistance from the World Bank until long term assistance materializes through the International Monetary Fund (IMF). World Bank Country Manager in Colombo, Chiyo Kanda, called on the Minister of Foreign Affairs Prof. G.L. Peiris at the Ministry of Foreign Affairs. Minister Peiris sought assistance from the World Bank until long term […]
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
- Singapore offers assistance to upgrade immigration system in Sri Lanka (Category: Breaking News)
- Sri Lanka requests foreign countries to review travel advisories (Category: Breaking News)
- Sri Lanka hits back at Canadian Prime Minister over comments (Category: Breaking News)
Tradition in MB is to reach decisions by consensus. If one member disapproves, it isn’t carried
- Central Bank says domestic credit conditions would continue to ease. (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- CBSL permanently revokes money changing permit of Prasanna Money Exchange (Category: Breaking News)
Minister of Foreign Affairs Professor G.L. Peiris has met with U.S. Ambassador Julie Chung and held wide-ranging discussions on bilateral relations, current domestic developments and assistance from the international community in mitigating the challenges facing the country. .
Ambassador Chung has stated that the United States will continue to support Sri Lanka during its difficult time
- USAID: Celebrating our shared values (Category: Breaking News)
- US Ambassador commends resilience of Sri Lankans in the face of terrorism (Category: Breaking News)
- President Obama announces new US ambassador to Sri Lanka and Maldives (Category: Breaking News)
- New US Ambassador presents credentials to President (Category: Breaking News)
Sri Lanka has sought continued support from the US to mitigate the economic challenges in the country. Minister of Foreign Affairs Prof. G.L. Peiris met U.S. Ambassador Julie Chung at the Ministry of Foreign Affairs and held wide-ranging discussions on bilateral relations, current domestic developments and assistance from the international community in mitigating the challenges […]
- New Zealand to provide NZ$ 500,000 to Sri Lanka (Category: Breaking News)
- Chinese support sought to mitigate economic challenges in Sri Lanka (Category: Breaking News)
- Foreign Minister Peiris to visit Singapore for bilateral talks (Category: Breaking News)
- Central mechanism to be established to streamline requests for assistance (Category: Breaking News)
The central bank is now borrowing mainly through the ACU
- Sri Lanka central bank busts US$9.8bn since Feb 2020 to suppress rates, for stimulus (Category: Breaking News)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- Sri Lanka forex reserves edge up by slightly to US$1,717mn in September (Category: Breaking News)
[…]The post Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance appeared first on Colombo Telegraph.
- Did The NOCPCO Fail To Install A Trip Switch Before Releasing Prisoners? (Category: Breaking News)
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
- Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances ... (Category: Breaking News)
- Draft Anti-Corruption Law; Urgently Required Additional Law Reforms: An Open Letter To Minister ... (Category: Breaking News)
[…]The post Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
- IMF – Eagerly Awaited – Desperation Grows! (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- Current Political Scenario: Smoke & Mirrors (Category: Breaking News)
- Reducing The Tax Burden (Category: Breaking News)
[…]The post What Can Ranil Get Done? appeared first on Colombo Telegraph.
- RW Vs. GR: Who Will Outwit Whom? (Category: Breaking News)
- Ranil: A SWOT Appraisal (Category: Breaking News)
- Hold Elections & Avert A Dual-Power Crisis (Category: Breaking News)
- Ranil-SWOT: A Reappraisal (Category: Breaking News)
ECONOMYNEXT – Sri Lanka’s President Gotabaya Rajapaksa has assured full independence to the Central Bank following a meeting with Governor Nandalal Weerasinghe, his office said.President Rajapaksa met Governor Weerasinghe and Monetary Board member Sanjeeva Jayawardena and assured “his fullest and unqualified assurance of freedom to discharge their functions independently and with...
- Sri Lanka May Hold Rates as Cabraal Says Policy Is Appropriate (Category: Breaking News)
- Sri Lanka central bank Governor Weerasinghe re-appointed (Category: Breaking News)
- Re-appointed (Category: Business)
- Gilt Edge (Category: Business)
France has gifted Sri Lanka anesthetics and respiratory medications worth 300,000 Euros
- Higher Marks (Category: Business)
- Sri Lanka's new cabinet takes oath (Category: Breaking News)
- Sri Lanka's new cabinet takes oath (Category: Breaking News)
- Sri Lanka's new cabinet takes oath (Category: Breaking News)
The Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka) is an education-led initiative that aims to establish a public museum dedicated to the display, research, collection and conservation of modern and contemporary art for the benefit and enjoyment of the general public, schools, and tourists. Developing a professionally qualified team with skills […]
- The MMCA Sri Lanka Grows with the Founding Patrons Programme (Category: Breaking News)
- The MMCA Sri Lanka hosts its first international event (Category: Breaking News)
- MMCA Sri Lanka adds the arts to the classroom (Category: Breaking News)
- An Audience Engaged Approach to Education: The Museum of Modern and Contemporary Art Sri Lanka (Category: Breaking News)
Possibility of increasing and restructuring the assistance provided by India in the form of credits
- Port Pursuit (Category: Business)
- Bilateral Links (Category: Business)
- Twenty20 (Category: Business)
- Faster Trains (Category: Business)
Veteran with two decades of banking experience
Investors are waiting for cues from budget proposals, new government's policies to achieve stability
- Sri Lanka stocks fall on concerns over fuel shortage, political instability (Category: Breaking News)
- Sri Lanka shares fall on profit taking (Category: Breaking News)
- Sri Lanka stocks up after cabinet appointment amid concerns (Category: Breaking News)
- Sri Lanka shares gain close to 2-pct in mid-day trade (Category: Breaking News)
The United Kingdom (UK) is exploring avenues of support towards Sri Lanka, including through both bilateral and multilateral channels, the UK High Commissioner to Sri Lanka, Sarah Hulton said. The High Commissioner called on the Minister of Foreign Affairs, Professor G.L. Peiris at the Ministry of Foreign Affairs and congratulated him on his reappointment as the […]
- Eight Sri Lankans among the released crew of the detained vessel by Nigerian High Court (Category: Breaking News)
- UK official holds talks with wide range of stakeholders in Sri Lanka (Category: Breaking News)
- Sri Lanka registers strong protest with Canada on motion (Category: Breaking News)
- Sri Lanka to continue to stand by ‘one China policy’ (Category: Breaking News)
2025, 2027 bonds downgraded to default a month after coupon payments missed
- Sri Lanka sovereign rating at SD but ISBs downgraded to ‘D’ by S&P (Category: Breaking News)
- S&P lowers Sri Lanka’s sovereign rating to Select Default grade (Category: Breaking News)
- S&P marks Sri Lankan bonds as ‘default’, deepening junk status (Category: Breaking News)
- S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating (Category: Breaking News)
By Easwaran Rutnam India and Japan have decided to cooperate to address the crisis in Sri Lanka, the Japanese Foreign Ministry said. The agreement was reached at a meeting between Japanese Prime Minister KISHIDA Fumio and the Prime Minister of India Narendra Modi. The two met at a Japan-India Summit Meeting held in Japan on […]
- President to visit India for key talks with Modi (Category: Breaking News)
- Narendra Modi calls for all-party meeting to discuss Sri Lanka crisis (Category: Breaking News)
- PM holds talks with India, US and other countries (Category: Breaking News)
- Modi discusses Sri Lankan crisis during G-7 meeting (Category: Breaking News)
An International Monetary Fund (IMF) team has concluded a virtual mission to Sri Lanka during which it was noted that Sri Lanka must give an assurance that debt sustainability will be restored. The IMF team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan authorities during May 9-24 on […]
- IMF delegation to visit Colombo next week (Category: Breaking News)
- IMF holds talks with Prime Minister Ranil Wickremesinghe (Category: Breaking News)
- IMF waiting for Sri Lanka to do the needful (Category: Breaking News)
- IMF seeks stability to resume talks with Sri Lanka (Category: Breaking News)
We believe gross losses from the riots are likely to exceed LKR1 billion
- NITF (Category: Breaking News)
- RAM reaffirms National Insurance Trust Funds ratings at AAA/P1 (Category: Business)
- Fitch affirms ratings on 7 Sri Lankan insurers, removes negative watch (Category: Breaking News)
- 2011 CAT losses in Asia continue to push reinsurance rates up (Category: Business)
IMF has advised Sri Lanka top seek debt restructuring as early as in April 2020, officials have told a parliament panel
- China dithers over IMF s Sri Lanka debt plan, leaves Colombo in limbo (Category: Breaking News)
- CBSL governor hopeful Sri Lanka can achieve debt sustainability before IMF dates (Category: Breaking News)
- Sri Lanka must present debt restructuring strategy by end of April - IMF (Category: Breaking News)
- SRI LANKA RECEIVES IMF EXECUTIVE BOARD APPROVAL FOR THE EXTENDED FUND FACILITY (EFF) ARRANGEMENT (Category: Breaking News)
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
- IMF says “require adequate assurances” on Sri Lanka’s debt sustainability restoration (Category: Breaking News)
- IMF team in Sri Lanka policy talks on program from August 24 (Category: Breaking News)
- Sri Lanka IMF discuss macro-fiscal plan, Finance Minister needed for policy sign-off (Category: Breaking News)
- CBSL governor hopeful Sri Lanka can achieve debt sustainability before IMF dates (Category: Breaking News)
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