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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after the new government took office, according to a report by Reuters.Discussions with the multilateral lender started in April under former President Gotabaya Rajapaksa. The Sri Lankan government hopes to secure an Extended Fund Facility (EFF) – which would be […]
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Organic food production and trade is evolving into a rapidly growing industry across the world. Prompted by a developing inclination for healthy life choices and awareness on the benefits of organic food, a greater number of global consumers are opting for organic products. In the midst of this competitive industry, Sri Lankan producers and manufacturers […]
- European importers and retailers offer to buy organic food products from Sri Lanka (Category: Breaking News)
- European biz chambers in Sri Lanka organise B2B organic food conference (Category: Breaking News)
- NCE participates in Middle East natural and organic products exhibition (Category: Business)
- Sri Lankan apparel embracing organic manufacturing: GOTS (Category: Breaking News)
“Tyrannical governments and illegitimate leaders throughout history have led their societies to destruction” The Federation of University Teachers (FUTA) says that the Wickremasinghe-Rajapaksa government lacks any legitimacy and it should stop taking cover behind the Constitution.In a statement condemning what it termed as “repression of aragalaya activists by the current regime&...
- FUTA urges govt. to stop suppressing people’s rights (Category: Breaking News)
- Political engagement with Aragayala necessary (Category: Breaking News)
- Accusing govt. of repression, FUTA pledges solidarity with protesters (Category: Breaking News)
- JVP demands release of Aragalaya activists detained under PTA, insists there is no evidence agai... (Category: Breaking News)
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.The post Sri Lanka president seeks unity government to save economy appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Sri Lanka to restart IMF bailout talks, president calls for unity Government (Category: Breaking News)
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lankan President leaves for Germany (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
[…]The post Economy, Emergency & Aragalaya appeared first on Colombo Telegraph.
- The President, IMF & System Change (Category: Breaking News)
- GR’s Gamble With RW (Category: Breaking News)
- Ranil’s Cabinet Trap & Aragalaya (Category: Breaking News)
- The Road Ahead For RW & Aragalaya (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Ranil Wickremesinghe elected as 8th Executive President of Sri Lanka (Category: Breaking News)
- Sri Lanka President meets UN Secretary-General in Egypt (Category: Breaking News)
- Sri Lanka President meets Prime Minister of Singapore (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
Conditions have changed since Cairn India drilled exploratory wells Conditions for taking forward Sri Lanka’s efforts at exploiting indications of the presence of petroleum and natural gas in the Mannar basin have improved significantly in the last two years according to well informed sources in the international oil industry. These sources said that when Cairn […]
- Sri Lankan gas strike for Cairn (Category: Breaking News)
- Cairn makes second gas discovery in Sri Lanka (Category: Breaking News)
- All eyes on Cairn's next gas well, Sri Lanka says (Category: Breaking News)
- Oil drilling to commence in July (Category: Breaking News)
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
[…]The post The Aragalaya & Human Rights In Geneva This September appeared first on Colombo Telegraph.
- What’s In Store In Geneva For The Sri Lankan Government (Category: Breaking News)
- Are Economic Crimes None Of The UNHRC’s Business? (Category: Breaking News)
- A snake may lurk in the UN grass (Category: Breaking News)
- The Women At Gates Of The Mahara Prison (Category: Breaking News)
Sri Lanka's rupee fell sharply in the June quarter
- Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits (Category: Breaking News)
- Sri Lanka’s IOC unit reports Rs9.9 bn in June 2022 profits (Category: Breaking News)
- Sri Lanka Nestlé unit’s profit up 34% amid net financial expenses jump (Category: Breaking News)
- Sri Lanka’s Haycarb March net up on forex gains (Category: Breaking News)
President Ranil Wickremesinghe says an agreement with the International Monetary Fund (IMF) will not fully resolve Sri Lanka’s issues. He said that Sri Lanka needs to look at ways of paying back its loans. Speaking in Kandy today, the President said that the protests had delayed a possible deal with the IMF. He said that […]
- IMF holds talks with Prime Minister Ranil Wickremesinghe (Category: Breaking News)
- SJB and SLPP rebels decide to boycott budget vote (Category: Breaking News)
- IMF calls for resumption of dialogue to reach deal with Sri Lanka (Category: Breaking News)
- Maldives Speaker to coordinate relief assistance for Sri Lanka (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- CPC urges public not to believe rumours of fuel shortages (Category: Breaking News)
- Low quality crude has resulted in 22% drop in diesel production (Category: Breaking News)
Chinese financial institutions have reached out to Sri Lanka and had shown full readiness to find a way to handle the matured Chinese loans and help Sri Lanka to overcome the difficulties, Chinese Foreign Ministry Spokesperson Zhao Lijian said during his Regular Press Conference in Beijing. Lijian made this statement in response to a question […]
- China calls for joint efforts to ease Sri Lanka s debt burden (Category: Breaking News)
- Sri Lanka on China-IMF agenda (Category: Breaking News)
- China reiterates fullest support for Sri Lanka in securing IMF assistance (Category: Breaking News)
- Debt Trap is only a myth Chinese Ambassador (Category: Breaking News)
Police search FSP office By Rathindra Kuruwita The government was carrying out a psychological operation to prevent the people from taking to the streets as the economic crisis deepens, Frontline Socialist Party (FSP) Propaganda Secretary, Duminda Nawagamuwa said yesterday, following a police raid of their Colombo office. Nawagamuwa said that a policeman, and 10 men […]
- FSP to launch manifesto (Category: Breaking News)
- FSP frowns on increases in defence expenditure (Category: Breaking News)
- FSP denies having truck with SJB at coming polls (Category: Breaking News)
- Chinese contractor obtaining Port City sand for Colombo harbour projects unlawfully: FSP (Category: Breaking News)
Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday.The post Sri Lanka resumes bailout discussions with IMF, finance ministry says appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
- Sri Lanka to introduce pension scheme for self-employed people (Category: Breaking News)
Food prices up 90 percent over 12 months
- 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 Looking To The Past: The Political Cultivation Of An Obliging Judiciary To Violate Rights appeared first on Colombo Telegraph.
- A Few Reflections On The Sri Lanka’s Independence Day (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- 21st Amendment – Justifications To Bring Back 17 And Not 19 (Category: Breaking News)
- 22nd Amendment: People Are Never Fooled (Category: Breaking News)
Newspapers, TV programmes and video presentations have been dealing with the terrible incident that occurred in the premises of the Presidential Secretariat and on the steps leading to it, at predawn on Friday 23 July. Cassandra feels compelled to present her opinion though it is one week from that day. Experts have dissected it and […]
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
- Cass County divorces (Category: USA, North Dakota)
- Cass County divorces (Category: USA, North Dakota)
British Politics and Ours Both Sri Lanka and the UK have experienced an unprecedented political upheaval of late. It is interesting that both leaders agreed to resign within a day of each other. Everybody else saw the ‘the end is nigh’ sign for quite a while. They didn’t or didn’t want to see it until […]
- Laksiri, Issadeen win open men’s and women’s titles (Category: Breaking News)
- Sri Lanka set to play ten Tests next year (Category: Breaking News)
- Lochana, Warangana clinch singles titles (Category: Breaking News)
- Mihiran, Malshani adjudged best boxers at Nationals (Category: Breaking News)
By Uditha Devapriya Archive images courtesy of the J. R. Jayewardene Centre The role of the journal in the Buddhist Revival in British Ceylon has never been seriously examined by scholars. Most historical accounts trace the origins of a Buddhist press to the late Dutch and early British periods. The growth of print capitalism held […]
- New wine in old bottles: Anthropologising Sinhala middle-class (Category: Breaking News)
- Teargas cinema and Rukmani Devi (Category: Breaking News)
- The role of myth: A reassessment (Category: Breaking News)
- Piyadasa Sirisena – The great revivalist (Category: Breaking News)
[…]The post Ranil’s Sin appeared first on Colombo Telegraph.
- From Frying Pan To The Fire: Ranil Will Make Gota Look Like A Boy Scout! (Category: Breaking News)
- Ranil, Don’t Flatter Yourself; You’re No W G Grace (Category: Breaking News)
- ‘Gota Come Home’ – The New Paradigm: I Repeat; RW Will Make GR Look Like A Boy Scout! (Category: Breaking News)
- Why Did Ruwan Exonerate NTJ Leader Zahran? (Category: Breaking News)
The successful formation of a government under the new President Ranil Wickremesinghe is an important precondition for resolving Sri Lanka’s debt defaultThe post Fitch Ratings calls for political stability in Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Sri Lanka faces uphill battle in meeting 2024 budget targets: Fitch (Category: Breaking News)
- Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ (Category: Breaking News)
By Easwaran Rutnam China has defended the loans it has offered to Sri Lanka following concerns raised by the United States. Chinese Foreign Ministry spokesman Zhao Lijian said that the cooperation between Sri Lanka and China has always followed the principle of being Sri Lanka-led. “All cooperation projects have gone through scientific planning and thorough […]
- China hails Sri Lanka’s strong rebuttal to “Chinese debt trap” (Category: Breaking News)
- China ready to work with other countries to support Sri Lanka (Category: Breaking News)
- China willing to help Sri Lanka deal with debt burden (Category: Breaking News)
- China lauds India’s ‘great efforts’ to help Lanka, says S Asia its priority (Category: Breaking News)
New govt dominated by Rajapaksa linked party
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CC’ (Category: Breaking News)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.The post IMF says Sri Lanka needs to talk with China about debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- China gives assurances to the IMF that it will support Sri Lanka’s debt restructuring (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
The head of the U.S. government aid agency called on China on Wednesday to help Sri Lanka and other nations that had borrowed heavily from Beijing with debt restructuring, not just with lines of credit and emergency loans.The post USAID chief calls on China to restructure Sri Lanka’s debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- USAID head urges crisis-hit Sri Lanka to tackle corruption (Category: Breaking News)
- Political reforms need to accompany economic reforms in Sri Lanka – Samantha Power (Category: Breaking News)
By Easwaran Rutnam Sri Lanka must reach an agreement with its creditors before the International Monitoring Fund (IMF) can step in and provide financial assistance, the IMF said. Responding to questions during a Twitter Space discussion last evening, IMF Chief Economist Pierre-Olivier Gourinchas said that the IMF is concerned about the situation in Sri Lanka. […]
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- IMF waiting for Sri Lanka to do the needful (Category: Breaking News)
- UN says Sri Lanka’s misery a warning to the world (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
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