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The Stax Academy, an initiative by Stax LLC, a global strategy consulting firm that specializes in delivering actionable, data-driven insights, recently conducted its graduation ceremony for the students of its first course in Colombo. The Academy was established as a platform to upskill future business leaders to take on the challenges of the global economy. […]
- Stax Academy celebrates second class of graduands (Category: Breaking News)
- Stax Invests in the Next Generation of Business Leaders with Launch of ‘Stax Academy’ (Category: Breaking News)
- Stax acquires boutique consulting firm in London to expand its global footprint (Category: Breaking News)
- Sir Vivian Richards joins Lanka Premier League as brand ambassador (Category: Breaking News)
Sri Lanka’s worries are increasing as China has not agreed to debt restructuring modalities as per the International Monetary Fund’s requirements, which is essential for the multilateral funding organisation before it green signals a $2.9 billion bailout package to the crisis-hit island country in mid-December. In October, Sri Lankan President Ranil Wickremesinghe told his country’s […]
- China cautions Sri Lanka on IMF deal (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Sri Lankan economy v/s humungous Chinese loans (Category: Breaking News)
Sri Lanka owed Chinese lenders $7.4 billion - nearly a fifth of its public external debt - by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others.The post Sri Lanka’s debt to China close to 20% of public external debt – study appeared first on Sri Lanka News - Latest Breaking News in Sri La...
- Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report (Category: Breaking News)
By Shamindra Ferdinando Former Foreign Minister Prof. G. L. Peiris has questioned the rationale behind President Ranil Wickremesinghe’s warning that the military will be deployed to curb protest vis-a-vis a Foreign Ministry undertaking to boost foreign trade and investment. Addressing the Parliament, during the Budget committee stage debate, on 28 Nov., Prof. Peiris said the […]
- Minister GL to represent President at CHOGM in Rwanda (Category: Breaking News)
- GL: Cost of living intolerable, street protests inevitable (Category: Breaking News)
- Sri Lanka remains open to engaging with diaspora community - Foreign Minister (Category: Breaking News)
- Opposition: Parliament prorogued to derail finance committee probes (Category: Breaking News)
Former President Gotabaya Rajapaksa and former Prime Minister Mahinda Rajapaksa busted more than Rs. 40 million in 2021 on official overseas visits, Daily Mirror reported based on details provided by the Presidential Secretariat and the Prime Minister’s Office. Details furnished by the Presidential Secretariat and the Prime Minister’s Office under the RTI revealed that the […]
- SC allows proceedings against GR, MR to proceed (Category: Breaking News)
- Leadership of Gota and Ranil rejected (Category: Breaking News)
- Supreme Court finds Rajapaksa brothers guilty over economic crisis (Category: Breaking News)
- MR sees foreign hand in economic crisis (Category: Breaking News)
[…]The post Danushka’s Sex Scandal: Time For “Me Too Aragalaya” In Sri Lanka appeared first on Colombo Telegraph.
- Marital Blitz & On The Subject Of Marriage As A License To Rape (Category: Breaking News)
- Trial of rape-accused Sri Lankan cricketer Danushka Gunathilaka hit by delay (Category: Breaking News)
- Danushka allowed to use WhatsApp and go out at night in Australia (Category: Breaking News)
- Sexual assault trial against Danushka Gunathilaka hit by delay (Category: Breaking News)
The third secretary of the Sri Lanka Embassy in Oman, E. Kushan was arrested by the Criminal Investigation Department (CID) officers upon his arrival at the Bandaranaike International Airport (BIA) in Katunayake this morning (November 29).The post Third secretary of the Sri Lanka Embassy in Oman involved in Human Trafficking arrested appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- Embassy officer in Oman interdicted over human trafficking (Category: Breaking News)
- Embassy official arrested over human trafficking to Oman remanded (Category: Breaking News)
- Human trafficking to Oman: Two more suspects arrested (Category: Breaking News)
- Embassy official involved in human trafficking to Oman arrested (Category: Breaking News)
JAT Holdings PLC has posted exceptional financial performance for Q2 of FY 2022/23. During the Quarter, the Group also achieved a major milestone, delivering on its key IPO promise, by inaugurating its own end-to-end state-of-the art manufacturing facility in Bangladesh. Simultaneously, JAT Holdings PLC also recorded its highest-ever revenue for Q2 in history, doubling its […]
- Volt Charge: A visionary JAT Holdings joint venture redefining the Global EV charger industry (Category: Breaking News)
- JAT Holdings forges partnership with Herman Miller (Category: Business)
- JAT Holdings and MTV Channel Private Limited join forces (Category: Breaking News)
- JAT Holdings Opens Herman Miller Showroom (Category: Business)
Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.The post Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in ...
- Sri Lanka’s headline inflation may rise to 70% in coming months – Central Bank of Sri Lanka (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
By N Sathiya Moorthy Talking to newsmen in Colombo recently, former President Chandrika Bandaranaike Kumaratunga, CBK, said that the nation demanded a ‘radical system-change’ and voters much elect someone who can do it. In context, she referred to the hugely successful Aragalaya protests earlier in the year and pointed out how they were unprecedented and […]
- Sajith admits he wrote to GR on PM post (Category: Breaking News)
- Gota’s resignation and Ranil’s appointment gazetted (Category: Breaking News)
- Old Wine in Older Bottles (Category: Breaking News)
- What next after 22-A? (Category: Breaking News)
Iran is ready to fulfil the energy needs of India, said Iranian Deputy Foreign Minister Ali Bagheri who is visiting India as part of political consultations between the two countries. “Both countries enjoy different types of cooperation in the economic sphere. They are partners and complete each other — their economies are complementary. Iran enjoys […]
- Chabahar-Central Asia transit route to boost India-Iran cooperation: Raisi (Category: Breaking News)
- India hosts Iran’s deputy FM to push Eurasian link (Category: Breaking News)
- Iran and Sri Lanka agree to free prisoners and boots ties (Category: Breaking News)
- Amid rising tensions with US, China strengthening ties with Iran (Category: Breaking News)
[…]The post Who Has Printed The Biggest Quantity Of Money? Lakshman, Cabraal Or Nandalal? appeared first on Colombo Telegraph.
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- Four Popular Fallacies Relating To Central Banking (Category: Breaking News)
- Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do... (Category: Breaking News)
underscore need to amend Exchange Control Act By Shamindra Ferdinando MP Gevindu Cumaratunga, who represents the SLPP dissidents, yesterday (27) alleged that the incumbent government was yet to bring enough pressure to bear on those who had parked as much as USD 36 billion overseas to bring the money back.Cumaratunga said the government’s failure to […]
- ‘Presidential control over DDO undermines power of Parliament’ (Category: Breaking News)
- Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM (Category: Breaking News)
- Gevindu presses PM over EPF matter, discrepancy in interest payments (Category: Breaking News)
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal, stating that 28 percent of the population faces […]
- India s Adani Group to run three Sri Lankan airports? (Category: Breaking News)
- International rights groups slam Sri Lanka s flawed plans for a Truth Commission (Category: Breaking News)
- Ankara donates consignment of urgently needed medical supplies to Sri Lanka (Category: Breaking News)
- Rights group: Sri Lankan Tamil women exposed to sexual violence, trafficking after war (Category: Breaking News)
Australian Government-funded Skills for Inclusive Growth Program (S4IG), managed by Palladium International Group entered into an MoU with Cinnamon Hotel Management Ltd (CHML) to achieve several strategic results in Colombo recently. S4IG is a programme by the Department of Foreign Affairs and Trade (DFAT) in accordance with the terms of a subsidiary agreement signed on […]
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
- I took an online ninja class and now I'm ready for the apocalypse - CNET (Category: Technology)
by Rajan Philips Ranil Wickremesinghe is the third President to sequester the finance portfolio instead of assigning it as an exclusive portfolio to a cabinet minister, but he is the first, perhaps after Ronnie de Mel, to prepare and author most or the entirety of the budget speech. He is also the first leader of […]
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM (Category: Breaking News)
- SJB will support NCM against Ranil (Category: Breaking News)
- PTA unconstitutional, says TNA (Category: Breaking News)
To address the looming shortage of grains for the animal feed industry and maize based food items due to the ongoing socio-economic crisis in Sri Lanka, as a part of the response efforts through the United Nations (UN) joint Humanitarian Needs and Priorities (HNP) Plan, the Royal Thai Embassy in Colombo has supported the procurement […]
- Royal Thai Embassy and UN work together to support vulnerable Sri Lankan farmers during Maha sea... (Category: Breaking News)
- Food Deal (Category: Business)
- US supports Sri Lankan govt in providing Thriposha to mothers and children through WFP (Category: Breaking News)
- Lankan mahout honoured by Thai royals (Category: Breaking News)
The Embassy of Sri Lanka in Manila organized a virtual meeting between the Ministry of Labor and Foreign Employment and the Department of Migrant Workers as a preliminary discussion on Sri Lanka’s interest to conduct a comprehensive study on the Philippines’ model of migrant worker recruitment and management, Ministry of Foreign Affairs said.The interactive discussion […]
- Sri Lanka to raise duty-free allowance for migrant workers to encourage remittance (Category: Breaking News)
- SLBFE facilitates repatriation of 54 Sri Lankan workers stranded in Kuwait (Category: Breaking News)
- Sri Lankans to receive employment in Canada (Category: Breaking News)
- Minister Thondaman raises concerns about Lankan migrant workers with ILO Director General (Category: Breaking News)
[…]The post Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap appeared first on Colombo Telegraph.
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
Foreign Minister Ali Sabry, PC, has dismissed assertions that China caused the current economic crisis here.The Minister made Sri Lanka’s position clear in an interview with WION’s diplomatic correspondent Sidhant Sibal. Asked whether Minister Sabry believed that the current economic crisis is due to China, its policy of debt crisis, the Minister has said: No, […]
- Sri Lanka hopeful China will provide debt restructuring assurances - Sabry (Category: Breaking News)
- Lanka will discuss debt restructuring separately with China-minister (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka notifies Indian rupee as designated currency (Category: Breaking News)
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka’s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country’s worst-ever economic crisis.The post Human Rights Watch urges major creditors to help restructure Sri Lanka’s debts appeared first on Sri Lanka News - Lat...
- HRW urges major creditors to help restructure Sri Lanka s debts (Category: Breaking News)
- AI: Lanka at brink of humanitarian crisis (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
By Hiran H. Senewiratne Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka is expecting to go to the IMF Board in January 2023 if it misses the December window and is also confident of getting assurance from bilateral creditors soon. “Most probably meeting the IMF target is too optimistic and satisfactory so far but if […]
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
- Sri Lanka needs to take tough decisions – US Ambassador (Category: Breaking News)
- CBSL chief expresses optimism (Category: Breaking News)
- IMF team to visit Sri Lanka by month-end for staff-level agreement (Category: Breaking News)
[…]The post Musings On A New Constitution appeared first on Colombo Telegraph.
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country s worst-ever economic crisis.
- Of human rights fig leaves (Category: Breaking News)
- Winning the global battle (Category: Breaking News)
- Sri Lanka / human rights defenders (Category: Breaking News)
- What has the UN Human Rights Council (UNHRC) actually achieved? (Category: Breaking News)
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Central Bank of Sri Lanka decided to maintain policy interest rates at their current levels (Category: Breaking News)
- Central Bank of Sri Lanka issues order slashing interest rates on lending products (Category: Breaking News)
Sri Lanka’s gross official reserves were estimated at US dollars 1.7 billion as of end October 2022, including the swap facility from the People’s Bank of China, equivalent to around US dollars 1.4 billion, which has certain conditionalities on usability, the Central Bank of Sri Lanka said today. The Central Bank said that the merchandise […]
- Sri Lankan Rupee depreciates even further against the USD (Category: Breaking News)
- Sri Lanka’s liquid reserves continues to remain significantly low (Category: Breaking News)
- Samarasinghe briefs President Joe Biden (Category: Breaking News)
- Ranil denies meeting Arjuna Mahendran in Singapore (Category: Breaking News)
Sri Lanka is hopeful that China will step up to provide it with debt restructuring assurances, along with India so that the island nation can go to the International Monetary Fund (IMF) to resolve the matter and get back the path for economic recovery, Minister of Foreign Affairs Ali Sabry says.
Nomura Holdings Inc, Japan's top brokerage and investment bank, has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary – are now at a high risk of currency crises.The post Nomura warns seven emerging economies including Sri Lanka face currency crisis danger appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japanese firm says Sri Lanka among seven countries at high risk of currency crises (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Over 400 respond (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
Sri Lanka briefed the European Parliament on discussions to establish a suitable Truth and Reconciliation Commission (TRC) model. A multi-party delegation from the Parliament of Sri Lanka and the Delegation for relations with the countries of South Asia in the European Parliament (DSAS) conducted a productive virtual dialogue, the Foreign Ministry said today. The respective […]
- Government notes shortage of staff in Foreign Service (Category: Breaking News)
- EU keen to ensure all Sri Lankans have access to justice (Category: Breaking News)
- New envoys to Sri Lanka from EU, Iran, Switzerland present credentials (Category: Breaking News)
- Colombo based Diplomatic corps briefed on present situation (Category: Breaking News)
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