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Rajith Keerthy Tennakoon Director General of Community Affairs at the President’s Office delivering a special media statement today (05) stated that between the assumption of office by President Ranil Wickremesinghe and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments. He also highlighted […]
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
The number of scams in Singapore hit a record high in 2023, Home Minister K Shanmugam said, adding that the country saw a rise of 18 percent in duping cases against migrants, many of whom are from India and Sri Lanka.The post 500 maids in Singapore duped in 2023 are from India, Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Sajith demands tough action against those targeting Lankans with pyramid scams (Category: Breaking News)
- Massive Corruption Scams Rock The Land Of The Mahatma (Category: Breaking News)
[…]The post Brahmins Demand A Debate On Debt appeared first on Colombo Telegraph.
- Cockiness; What Price? (Category: Breaking News)
- Ballad Of A Sad Trumpet (Category: Breaking News)
- A Painted Ship In A Painted Ocean (Category: Breaking News)
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
[…]The post Katchatheevu Crisis – Seal The Deal Mr. Modi appeared first on Colombo Telegraph.
- India to ask Sri Lanka to allow fishing near Katchatheevu (Category: Breaking News)
- Rise Of Ultranationalism & Elections, Tamil Nationalism & Resurrection Of LTTE Ideology In Sri L... (Category: Breaking News)
- Champika Ranawaka’s Transformative Message: Lessons For National Unity & Global Politics (Category: Breaking News)
- Sri Lanka says ‘no ground’ for Indian request to return Katchatheevu (Category: Breaking News)
By Saman Indrajith Around 75,000 Sri Lankans have left for overseas jobs during the first three months of 2024, the Sri Lanka Bureau of Foreign Employment (SLBFE) says.SLBFE said yesterday (04) that 74,499 Sri Lankan workers had left for foreign employment, and 46 percent of them were women. There has been a slight drop in […]
- USD 474.6 million received from expat SL workers in December (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
- More than 200,000 Lankans have left for overseas employment so far this year (Category: Breaking News)
- Expat SL workers send more money (Category: Breaking News)
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena, has stressed that any alteration, even as small as one-tenth, to the on-going government program spearheaded by President Ranil Wickremesinghe could pose a significant threat to the stability of the country once more. Despite numerous reports indicating an increase in poverty among the country’s most vulnerable, the minister ...
- The economic crisis can only be solved through the implementation of a comprehensive, long-term ... (Category: Breaking News)
- Sri Lanka to strengthen the poverty alleviation program, extend benefits to more families (Category: Breaking News)
- Targets for 2024 are 2.2million tourists and US$ 4billion in revenue – Minister of Tourism (Category: Breaking News)
- .Economic growth rate to be increased to 8 percent (Category: Breaking News)
Money, exchange rates, and money printing are crucial components of a nation’s monetary policy framework, wielding significant influence over economic and financial stability. This intricate relationship between these fundamental factors directly affects financial and economic dynamics. I am going to examine the nexus between these factors, clarifying their roles in the financial system and ...
- Inflation – Public Enemy Number One (Category: Breaking News)
- Central Bank expects economy to contract in second half of 2022 as well (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
[…]The post Conundrum Of Elections & IMF Programme appeared first on Colombo Telegraph.
- Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- Legitimacy Deficit Haunts Government (Category: Breaking News)
- Choice Of Elections Or Abolition Of Presidency (Category: Breaking News)
By Jehan Perera Tracing history and going back to the colonial era, President Ranil Wickremesinghe has said that despite the adverse impact of world wars and internal conflicts, Sri Lanka has steadfastly upheld its democratic value of ensuring the functioning of both the government and the opposition without interruption. The president was addressing members of […]
- Uncertainty over impending elections could risk Lanka’s economic recovery: ADB (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
The Government of Sri Lanka donated USD 01 million to assist children impacted by the conflicts in the Gaza Strip. The donation was formally transferred to the Government of Palestine through the United Nations’ official channel, overseen by President Ranil Wickremesinghe at the Presidential Secretariat, Monday. President Ranil Wickremesinghe personally presented the donation cheque to [R...
- Church puts faith in God to ensure justice over Easter attacks (Category: Breaking News)
- President visits residence of Sanath Nishantha (Category: Breaking News)
- Protest staged in parts of Sri Lanka on Independence Day (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
[…]The post Politics Behind Economic Recovery appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
By Norman Palihawadane The CID is investigating a human trafficking network enabling Lankan ex servicemen to fight as mercenaries in both sides of the Russia-Ukraine war, Police headquarters sources said on Friday. According to information confirmed by the investigators, at least five such mercenaries have been killed in the fighting. There were two confirmed deaths […]
- Ex-military men on Russia-Ukraine front: Prez to dispatch team to Moscow (Category: Breaking News)
- Two Indians recruiting Lanka’s ex-servicemen for Russia-Ukraine war (Category: Breaking News)
- Recruitment of ex-military personnel of Sri Lanka prerogative of foreign governments – Justice M... (Category: Breaking News)
- Ex-LTTE should not be marginalized (Category: Breaking News)
[…]The post Russian Presidential Election Results appeared first on Colombo Telegraph.
- Putin’s Last Stand (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
- The Ugly New Face Of Terrorism (Category: Breaking News)
- Globally, A Rightward Political Shift Is Visible (Category: Breaking News)
Sri Lanka’s cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Sri Lanka’s economy collapsed in early 2022 after its foreign exchange reserves dwindled to […]
- Cricketer Lahiru Thirimanna injured in accident (Category: Breaking News)
- Accomplished equestrian Mathilda Karlsson (Category: Breaking News)
- Major fire in Colombo building (Category: Breaking News)
- Students protest after boy dies following Thirukkovil marathon (Category: Breaking News)
Fergus Cumming, Deputy Chief Economist of the Foreign, Commonwealth and Development Office (FCDO), concluded a three-day visit to Colombo from 18 to 20 March, British High Commission said in a statement. Fergus engaged in constructive discussions with key stakeholders, including the State Minister of Finance, Central Bank Governor, IMF Representatives, Diplomatic counterparts, opposition parties, ...
In an unprecedented display of candor, Premier Li Qiang’s inaugural government work report delivered a scathing indictment of the myriad economic woes plaguing China at the recently concluded National People’s Congress in Beijing. The wide-ranging report pulled no punches in exposing the cascading domestic fragilities and external hostilities that threaten to derail the world’s second-largest [...
- Six things to know as Xi Jinping moves to be China’s dictator for life (Category: Breaking News)
- Eight-in-ten Americans detest China now as recent poll witnesses uptick in anti-Beijing feelings (Category: Breaking News)
- US House select committee seeks answers from FBI on China police ‘outposts’ (Category: Breaking News)
- UNESCO accused of failing to acknowledge Beijing’s actions towards Uyghurs, other Turkic minorit... (Category: Breaking News)
[…]The post Citizens Should Be Aware Of The Burden Of Total Government Expenditure appeared first on Colombo Telegraph.
- Evil Is Not Mere Money Printing, But Unbridled Government Expenditure (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe emphasizes the necessity of a new economic reform program for the country’s economic recovery.The post Sri Lanka President stresses vitality of new Economic reforms for country’s recovery appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- “My concern was the nation’s future” – President (Category: Breaking News)
- 2100 new Grama Niladhari officials appointed (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
Jammu and Kashmir is experiencing a period of high growth, driven by proactive government policies, strategic investments, and concerted efforts aimed at unlocking the region’s immense potential. • Jammu and Kashmir contributes approximately 0.8 percent to India’s GDP, in alignment with its population share of 0.9 percent and its FDI and exports are expanding, with […]
- Can J&K’s GSDP to reach $28 billion with 7.5% growth in 2023-24 (Category: Breaking News)
- J-K on progressive path as ground situation changed after abrogation of Article 370 (Category: Breaking News)
- PM Modi’s vision of self-reliant India shapes startup culture in ‘Naya J&K’ (Category: Breaking News)
- J-K plans massive oilseed cultivation to boost edible oil sector (Category: Breaking News)
Jammu and Kashmir is experiencing a period of high growth, driven by proactive government policies, strategic investments, and concerted efforts aimed at unlocking the region’s immense potential. • Jammu and Kashmir contributes approximately 0.8 percent to India’s GDP, in alignment with its population share of 0.9 percent and its FDI and exports are expanding, with […]
- Can J&K’s GSDP to reach $28 billion with 7.5% growth in 2023-24 (Category: Breaking News)
- J-K on progressive path as ground situation changed after abrogation of Article 370 (Category: Breaking News)
- PM Modi’s vision of self-reliant India shapes startup culture in ‘Naya J&K’ (Category: Breaking News)
- J-K plans massive oilseed cultivation to boost edible oil sector (Category: Breaking News)
President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]
- Sri Lanka President stresses vitality of new Economic reforms for country’s recovery (Category: Breaking News)
- Proposed laws set to introduce structural changes, will be presented to Parliament in May – Pres... (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
[…]The post Gaza In End Times appeared first on Colombo Telegraph.
- The Cauldrons We Make (Category: Breaking News)
- Nakba II & Arab Spring II: Looming Possibilities From Gaza Inferno (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
- Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinian... (Category: Breaking News)
by Rajan Philips The Election Commission of India has set a staggering 44-day timetable for the country’s 18th Lok Sabha elections, between April 19 and June 1, with the results declared on June 4. There will be seven phases of voting – on April 19, April 26, May 7, May 13, May 20, May 25, […]
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- Middle East on Edge, India’s Vote Marathon, and Lanka’s Long Election Eve (Category: Breaking News)
- Indian Politics: Modi Set For Hat Trick At Home; Caught In Dirty Tricks Abroad (Category: Breaking News)
- Indo-Lanka relations:Shared challenges and ‘Quad’ strategies (Category: Breaking News)
[…]The post India’s Election Timetable & Sri Lanka’s Deadlock Elections appeared first on Colombo Telegraph.
- The New Kurukshetra: BJP & Opposition Alliances For The 2024 Elections (Category: Breaking News)
- Timetable set for India’s national election, deadlock elections loom in Sri Lanka (Category: Breaking News)
- Indian Politics: Modi Set For Hat Trick At Home; Caught In Dirty Tricks Abroad (Category: Breaking News)
- Elections Season & JVP/SJB Options (Category: Breaking News)
[…]The post Economic Realities & Political Promises appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
After constructive discussions in Colombo, IMF Senior Mission Chief Peter Breuer and Deputy Mission Chief Ms. Katsiaryna Svirydzenka issued the following statement: “The IMF team reached staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 […]
- Govt. ponders domestic debt optimisation operation (Category: Breaking News)
- IMF team gives prognosis for Lanka at conclusion of nearly two-week visit (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- IMF and Sri Lanka reaches staff-level agreement following second review (Category: Breaking News)
… corruption cited as one of the three issues faced by the country Japanese Ambassador Hideaki Mizukoshi Thursday (21) urged Sri Lanka to turn the continuing economic, political and social crisis into an opportunity to achieve success. The Ambassador said that the country should take advantage of the continuing external pressure to adopt reforms, build-up […]
- Japan funds UNDP-led anti-corruption initiative, pledges about one million USD (Category: Breaking News)
- Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts (Category: Breaking News)
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- An appeal to Japan (Category: Breaking News)
The Japanese Ambassador to Sri Lanka, H.E. MIZUKOSHI Hideaki, expressed Japan’s support for the current program aimed at rebuilding the Sri Lankan economy.The post Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Japanese envoy commends Sri Lanka s anti-corruption initiatives, assures support (Category: Breaking News)
- Japan will support Sri Lanka’s economic development efforts – Japanese Ambassador (Category: Breaking News)
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Japan to support Sri Lanka’s debt restructuring negotiations (Category: Breaking News)
Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article IV Consultation. This was stated by Mr. Peter Breuer, IMF Senior Mission Chief during […]
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
- IMF reaches staff-level agreement on Sri Lanka’s second review (Category: Breaking News)
- IMF reaches staff-level agreement on Second Review of Sri Lanka’s EFF (Category: Breaking News)
- IMF reaches staff-level agreement with Sri Lanka on second review (Category: Breaking News)
The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]
- IMF delegation to visit Colombo next week (Category: Breaking News)
- IMF commends Sri Lanka’s economic reforms endeavors (Category: Breaking News)
- IMF remains very hopeful on Sri Lanka (Category: Breaking News)
- IMF chief pleased with deal reached to support Sri Lanka (Category: Breaking News)
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