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Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting to recover, but the economy was “still vulnerable and the path […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Cancel Sri Lanka s debt, global economists tell creditors (Category: Breaking News)
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
A couple of Sundays ago, Gamini Peiris of Moratuwa wrote a letter to the editor of the Sunday Island, about resthouses and noted: “I write this brief note hoping for a response from some readers.” Dr. R P Fernando from Epsom, UK, responded with his opinion titled Long ago British residents of Colombo also loved […]
- Govt. withholds nutrition pack from pregnant women who earn more than Rs 50,000 (Category: Breaking News)
- Stop intimidating judiciary,end undermining democracy,hold elections (Category: Breaking News)
- ACNU accuses govt. of having a sinister plan for nursing service (Category: Breaking News)
- Opening tax files for everyone over 18: IRD officials point out difficulties, costs (Category: Breaking News)
Lurking danger from trained soldiers in want by Saman Indrajith United Republican Front leader, Patali Champika Ranawaka, MP, says that Sri Lanka faces the danger of becoming a ‘narco-state’ if immediate action is not taken to stop the growth of what he describes as the ‘political underworld.’ “There is a political underworld operating in this […]
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- CP Chief calls for re-alignment of political forces to thwart Ranil (Category: Breaking News)
- CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-incom... (Category: Breaking News)
- Sri Lanka’s tax hike could force professionals to migrate – analysts (Category: Breaking News)
The World Bank has updated its economic outlook for Sri Lanka, forecasting a modest expansion of 2.2% in 2024.The post World Bank upgrades Sri Lanka’s 2024 growth forecast to 2.2% amid tourism rebound appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- World Bank boosts Sri Lanka economic forecasts after inflation progress (Category: Breaking News)
- Sri Lanka shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
- Timely, credible structural reforms vital for Sri Lanka to reset its course: World Bank (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
A high level delegation headed by the State Minister of Foreign Affairs Tharaka Balasuriya is scheduled to visit Russia to arrange for the repatriation of Sri Lankan ex-military personnel deployed in Russia for military purposes and the related discussions will be held on June 26 and 27, said Minister of Foreign Affairs, President’s Counsel Ali […]
- Government appoints delegation to check on Sri Lankans embroiled in Russia-Ukraine conflict – St... (Category: Breaking News)
- A special discussion will be held in Russia on June 26-27 to facilitate the return of Sri Lankan... (Category: Breaking News)
- Sri Lanka External Affairs Minister to visit Russia and Kazakhstan (Category: Breaking News)
- GL to visit Russia and Kazakhstan (Category: Breaking News)
Arrangements are being made by the Faculty of Social Sciences and Languages of the Sabaragumawa University to hold its second International Conference on Social Sciences and Languages (ICSSL) on the 18th and 19th of December 2024. A press release said that the conference will feature a wide range of presentations on multidisciplinary research activities in the fields of social sciences […]
- Issues and Challenges of Humanities and Social Sciences Education in Sri Lanka (Category: Breaking News)
- Pastoral Literature Translation workshop cum conference in Bangkok (Category: Breaking News)
- Discussion on rethinking civil society’ today (Category: Business)
- Pera PGIA Annual Congress (Category: Breaking News)
More than 1.5 million Muslim pilgrims have gathered in Saudi Arabia’s Mecca for the start of Hajj, taking place this year against the harrowing backdrop of Israel’s continued onslaught on the Gaza Strip. The annual pilgrimage began on Friday with crowds of robed worshippers circling the Kaaba, the black cubic structure at Mecca’s Grand Mosque, […]
- More than 1.5 million foreign pilgrims arrive in Mecca for annual Hajj pilgrimage (Category: Breaking News)
- First batch of Sri Lankan Hajj pilgrims leaves for Mecca (Category: Business)
- Request to be made for Hajj Pilgrims allocation (Category: Breaking News)
- Hajj pilgrim quota increased for Sri Lanka (Category: Breaking News)
Sri Lanka s economy is expected to expand by 2.2 percent in 2024, according to the World Bank s latest Global Economic Prospects report issued on Friday (14).
The Institute of National Security Studies (INSS) organized a closed-door Round Table Discussion (RTD) on “Sri Lanka’s Economic Security in 2024 - Evaluating the Outlook and Risks.”The post INSS Hosts Expert Panel on Sri Lanka’s Economic Security for 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- INSS holds a Webinar on “South Asian Geopolitics in 2024: Lessons for Sri Lanka” (Category: Breaking News)
- Implications from Israel-Hamas Conflict at the Red Sea for Sri Lanka (Category: Breaking News)
- U.S. Officials discuss Sri Lanka’s economic and security issues with NPP (Category: Breaking News)
- Tharushi, Aruna secure Gold at Taiwan Athletics Open 2024 (Category: Breaking News)
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 336 million).The post IMF approves $336 million for Sri Lanka after second review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
- IMF and Sri Lankan Authorities Reach Staff-Level Agreement on Economic Policies (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Only A Unified Approach Can Solve The Economic Crisis (Category: Breaking News)
- 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? (Category: Breaking News)
The Colombo High Court yesterday (13) temporarily lifted the overseas travel ban imposed on the Chairman of Perpetual Treasuries Limited (PTL) Geoffrey Aloysius.The travel ban was imposed consequent to the disclosure of the PTL’s involvement in Treasury bond scams in 2015 and 2016. This order was issued when the relevant case was taken up before […]
- Overseas travel ban on Perpetual Treasuries Chairman temporarily lifted (Category: Breaking News)
- Biden acts to reverse immigration restrictions, open up new pathways to citizenship (Category: USA, Minnesota)
- Biden acts to reverse immigration restrictions, open up new pathways to citizenship (Category: USA, Minnesota)
- Biden acts to reverse immigration restrictions, open up new pathways to citizenship (Category: USA, Minnesota)
[…]The post Deshamanya Dr Nissanka Wijeyeratne: A Rare Personality Above Normal Human Frailty appeared first on Colombo Telegraph.
- A Global Tropical Coral Bank: Responding To The Increasing Frequencies Of Coral Bleaching & Loss (Category: Breaking News)
- Exploring The Silent Wilderness Of Self-Discovery (Category: Breaking News)
- Madame Ambassador Chung, Your Message Will Live On Forever! (Category: Breaking News)
- Lasantha Wickrematunge’s Assassination: Empty Promises Of Accountability (Category: Breaking News)
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
- Crisis-hit Sri Lanka’s interim budget aims ambitious revenue, debt cut targets (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- India ready to restructure its Colombo debt: What about others? (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival that would use interest earned on profits from Russia s frozen central bank assets as collateral.
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
- IMF Executive Board approves US$ 337 million to Sri Lanka (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- IMF approves $336 million for Sri Lanka after second review (Category: Breaking News)
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
- IMF approves $336 million for Sri Lanka after second review (Category: Breaking News)
- IMF reaches staff-level agreement on Sri Lanka’s second review (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
The Central Bank is to regulate all money transfer services in Sri Lanka, the Central Bank of Sri Lanka (CBSL) said in a statement. Currently, institutions providing money transfer services in Sri Lanka such as banks and non-bank financial institutions, are regulated by the Central Bank of Sri Lanka or other relevant authorities to ensure […]
- Central Bank of Sri Lanka maintains policy interest rates (Category: Breaking News)
- Sri Lanka warns of risks investing in cryptocurrency (Category: Breaking News)
- Cash bundle worth Rs 5 million missing from Central Bank vault (Category: Breaking News)
- CBSL to take legal action on pyramid-type schemes (Category: Breaking News)
[…]The post NPP: The Unrivalled Choice In Sri Lanka Politics appeared first on Colombo Telegraph.
- The NPP Factor: Rise Of Left-Wing Populism In Sri Lanka (Category: Breaking News)
- Brahmins Demand A Debate On Debt (Category: Breaking News)
- NPP & Its Critics (Category: Breaking News)
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) announced that it functions as the regulatory and supervisory authority of Money or Value Transfer Service (MVTS) providers in Sri Lanka, effective from June 03, 2024.
The Central Bank of Sri Lanka (CBSL) has expressed confidence that the International Monetary Fund (IMF) will approve the release of the third tranche under the Extended Fund Facility (EFF) programme today (12).
Chairman of parliamentary Committee on Public Finance (COPF) Dr. Harsha de Silva has directed the Minister of Finance to take steps to regulate online Casinos following a recent finding that they continue to operate openly, depriving the country of revenue. The COPF, at its last meeting, stressed the need for a Casino Regulator. Officials representing the Ministry of […]
- COPF green-lights proposed domestic debt restructuring program (Category: Breaking News)
- COPF summons Public Security Secretary and Immigration CG (Category: Breaking News)
- Harsha alleges moves afoot to remove him from COPF chair (Category: Breaking News)
- Speaker accused of being notorious for suspending Standing Orders (Category: Breaking News)
The Committee on Public Finance is to direct the Minister of Finance to regulate online casinos in Sri Lanka. It was disclosed that even though it is clearly stated by law that online casinos cannot be carried out, online casinos operate in the open depriving the country of the revenue due without no implications, the […]
- COPF finds only 4 casinos paying taxes (Category: Breaking News)
- CoPF directs to take immediate measures to regulate Online Casinos (Category: Breaking News)
- Casinos to be registered in Sri Lanka every 5 years (Category: Breaking News)
- Sri Lankans will need to pay USD 200 to enter a casino (Category: Breaking News)
[…]The post Uncertainty About Elections Can Cause Instability appeared first on Colombo Telegraph.
- System Change Happening In Wrong Direction (Category: Breaking News)
- IMF & LG Elections: Presidential Machinations & Opposition Myopia (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
[…]The post Fear Of Tainted Politicians: To Hold Or Not To Hold Elections appeared first on Colombo Telegraph.
- Collusive Behavior Undermines Citizen Rights: Emerging Pseudo-Goebbels (Category: Breaking News)
- Attempt To Pull The Wool Over People’s Eyes: 21A To Bamboozle The Citizens (Category: Breaking News)
- Jeered & Sent Home: Ominous Sign Of An Impending Peril (Category: Breaking News)
- Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray (Category: Breaking News)
Monday 10th June, 2024 Presidential candidates of the SJB and the JVP-led NPP, Sajith Premadasa and Anura Kumara Dissanayake, respectively, have chosen to sprint even before the commencement of the next presidential race, which is a marathon, wherein one has to pace oneself skilfully to prevent fatigue and maintain momentum. The two sides have been […]
- SJB: JVP’s call for RW’s participation in proposed debate diversionary tactic (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- JVP renews its challenge for debate (Category: Breaking News)
- From Crisis Prime Minister To Put Down President (Category: Breaking News)
[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.
- Target 2048: It Is Democracy & Not Authoritarianism That Will Do The Job (Category: Breaking News)
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- Economic Growth, National Security, And What Next For Sri Lanka (Category: Breaking News)
- Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies (Category: Breaking News)
The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will soon reach agreements with external commercial creditors consistent with program parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front,” Julie Kozack, Director of the IMF Communications Department, said during a press briefing […...
- SL’s second review: IMF Executive Board to meet on 12 June (Category: Breaking News)
- Strong expectation that Sri Lanka will reach agreements with external creditors soon - IMF (Category: Breaking News)
- Swift completion of final agreements with official creditors critical for Sri Lanka  IMF (Category: Breaking News)
- Wrapping up Sri Lanka external debt deals critical, property tax needed: IMF (Category: Breaking News)
by K.Locana Gunaratna, PhD Following some independence from the Colonial British through the Donoughmore Constitution in 1931, our prime indigenous concerns focused on agriculture for domestic consumption and on the broad-basing of education. These particular achievements were due respectively to two farsighted Sri Lankan politicians: D.S.Senanayake and C.W.W. Kannangara. They were the first Sri L...
- Guideline for planning university addressing Climatic Issues (Category: Breaking News)
- Mahaweli – A spectacular achievement of JRJ regime piloted by Gamini D (Category: Breaking News)
- Mahaweli Project – North Central Province canal: A tunnel in the wilderness? (Category: Breaking News)
- Use existing resources for agri-food sector in Mahaweli areas (Category: Breaking News)
Sri Lanka has seen a notable increase in remittances from expatriate workers in recent months, with May 2024 bringing in USD 544.4 million.The post Expatriate remittances to Sri Lanka surge by 11.8% in first five months of 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Expat SL workers send more money (Category: Breaking News)
- Remittances from expat workers increase (Category: Breaking News)
- Expatriate Workers’ remittances in January stood at USD 437 Million – Manusha (Category: Breaking News)
- Sri Lanka considers incentives for expatriate workers not using undiyal or hawala (Category: Breaking News)
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