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Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations
An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman...Click on the headline to read the full story
The International Monetary Fund (IMF) says it is in talks with stakeholders to support a timely resolution of the crisis in Sri Lanka. IMF spokesman Gerry Rice said that the IMF remains committed to help Sri Lanka in line with the IMF policies. “There’s currently a virtual IMF staff mission engaged in those technical talks […]
[…]The post Fearmongering & Spreading Rumors By Indian Intelligence In Sri Lanka appeared first on Colombo Telegraph.
An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman Gerry Rice said on Thursday.
Cross default clauses triggered
Prime Minister Narendra Modi paid an official visit to Lumbini, Nepal on Monday, coinciding with the auspicious occasion of Buddha Purnima, at the invitation of the Prime Minister of Nepal Sher Bahadur Deuba. As Prime Minister, this was his fifth visit to Nepal and first to Lumbini. Both of them laid the foundation stone for […]
To put people first, the Indian government is not leaving any stone unturned. From upgrading the farm sector to bringing in the digital revolution, it is touching upon every aspect of life. It is creating more opportunities for the youngsters. The young generation of India is the future leader and nation builder of the country. […]
The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on Thursday in a draft communique from a meeting in Germany after the country defaulted on its sovereign debt. The once-booming island country has suspended debt payments as it grapples with its worst economic crisis since […]
Delays is fiscal reforms can reduce the recovery rate
Debt advisors expected to be appointed by the cabinet soon
Sri Lanka has noted with regret the adoption of a motion in the Canadian Parliament on the alleged genocide of Tamils in Sri Lanka and recognizing May 18 as Tamil Genocide Remembrance Day. The Foreign Ministry said that the Government categorically rejects the blatantly false allegation of genocide contained in the parliamentary motion with reference […]
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 […]
ECONOMYNEXT – Sri Lanka will shortly impose deposit margins on letters of credit to curtail imports, Central Bank Governor Nandalal Weerasinghe said.“From this monetary policy decision we have re-imposed letter of Credit margin requirement, where all non-essential item importers will have to put money in advance to open LCs., “Governor Weerasinghe said.The circular has already be...
[…]The post A Postscript To Political Crisis: A Way Out 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.
[…]The post War On China? – I: Justifications For War: Thucydides “Trap”, Clash Of Civilisations, Domino Theory appeared first on Colombo Telegraph.
The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current...Click on the headline to read the full story
The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current levels of 13.50 per cent and 14.50 per cent, respectively.
Policy undermined by printing money for state workers
"Government celebrates War Heroes Day,," while Tamils observe 'Tamils Genocide Day'
Opposition Leader Sajith Premadasa today requested Sri Lankan migrant workers to transfer money through the Sri Lankan banking system without following Undiyal'Hawala methods to transfer money.
US investment bank JPMorgan backed Sri Lanka’s crisis-hit Government bonds, saying recent political changes in the country should gradually improve its strains and help its talks with the International Monetary Fund. Adding an ‘overweight’ – effectively a buy recommendation – JPMorgan analysts said: “political stability should pave the way for bonds to move high...
ASUS recently unveiled its all-new 2022 line-up of sophisticated, high-performance Zenbook Pro and Zenbook S series together with the Vivobook Pro, Vivobook S and Vivobook 13 Slate OLED Artist Edition laptops at a global online launch event titled ‘The Pinnacle of Performance’. These new laptops are set to be launched in Sri Lanka in the […]
If we do not pay the IMF, World Bank that money will also not come: Sabry
[…]The post Parliament Of Monkeys 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.
South Africa batter Zubayr Hamza has been suspended for nine months by the International Cricket Council (ICC) for a doping violation under the ICC Anti-Doping Code. The ban was backdated to 22 March 2022, the date Hamza accepted a provisional suspension. He will thus be eligible to return to cricket on 22 December 2022. Hamza […]
Amid pressure from the international community, Chinese President Xi Jinping had pledged in September 2021 to stop engagements in the coal-fired plants abroad and also become carbon neutral by 2060. However, the recent development clearly shows that China has gone back on its promises. China is going ahead with financing the overseas coal projects, with […]
The current crisis is having far-reaching implications on the ability of women and girls to live in dignity