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[…]The post A Cabinet Of Patriotic Opportunists appeared first on Colombo Telegraph.
Non-oil imports fell 17.7 percent to 1,299.1 million US dollars in March 2022
The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis
[…]The post Could A ‘National Government’ Resolve The Crisis? appeared first on Colombo Telegraph.
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations
The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.
Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank...Click on the headline to read the full story
[…]The post Fearmongering & Spreading Rumors By Indian Intelligence In Sri Lanka appeared first on Colombo Telegraph.
Cross default clauses triggered
India has decided to allow Sri Lanka to settle a $1 bn credit facility in Indian rupees. The Reserve Bank of India said that India’s trade transactions with Sri Lanka, falling under a recent credit facility agreement with Sri Lanka, may be settled in INR outside the Asian Clearing Union (ACU) arrangement mechanism. The decision was […]
Delays is fiscal reforms can reduce the recovery rate
Sri Lanka sees long queues for fuel around the country
Debt advisors expected to be appointed by the cabinet soon
Inflation is projected to remain elevated in the coming months before moderating thereafter, the Central Bank of Sri Lanka said today. The bank said that headline inflation is projected to remain escalated in the near term on account of domestic supply shortages, increased global commodity prices, the effects of the large depreciation of the Sri […]
[…]The post A Postscript To Political Crisis: A Way Out appeared first on Colombo Telegraph.
[…]The post Mahinda Rajapaksa, A Bankrupt Country & Fifty Years Of Politics appeared first on Colombo Telegraph.
[…]The post Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay Alive appeared first on Colombo Telegraph.
Note holding ceiling to be brought down from 15,000 to 10,000 dollars
Policy undermined by printing money for state workers
Market fell for the first time in five sessions
If we do not pay the IMF, World Bank that money will also not come: Sabry
Running out of petrol, medicines and foreign reserves, once-booming Sri Lanka is in a mess. And the measures needed to pull its economy out of the unparalleled crisis are likely to bring even more...Click on the headline to read the full story
[…]The post Abortionists Of A Nation’s Rebirth; Sajith Joins Ranil In The Act appeared first on Colombo Telegraph.
[…]The post A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore Didn’t? appeared first on Colombo Telegraph.
By R. R. M. Lilani Many have wondered whether former Prime Minister Mahinda Rajapaksa is on the run for collaborating with the Chinese, which has heightened geopolitical tensions in the South Asian region. He did, however, and his pro-Mahinda group’s attacks on those who tarnished his reputation as a mynah (old man) and created a […]
To pay the ships we will take action to buy dollars from the free market
The Central Bank of Sri Lanka expects the recently introduced middle spot exchange rate to strengthen the rupee exchange rate and to ease the liquidity pressures in the domestic foreign exchange...Click on the headline to read the full story
We have to keep in mind that printing money will depreciate the rupee
Sri Lanka is desperate for dollar inflows