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Sri Lanka and the International Monetary Fund (IMF) have looked at strengthening financial governance in Sri Lanka. State Minister of Finance Shehan Semasinghe had talks with the Deputy Managing Director of the IMF, Kenji Okamura. “It was a great pleasure to meet IMF DMD HE Kenji Okamura. Discussed the progress of the EFF programme, challenges […]
- IMF does not support providing subsidies to everyone in Sri Lanka (Category: Breaking News)
- World Bank, IMF, Sri Lanka discuss restructuring balance sheets of CEB (Category: Breaking News)
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- IMF holds talks with Prime Minister Ranil Wickremesinghe (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to consider instituting criminal proceedings against eight pyramid-type prohibited schemes operating in Sri Lanka.The post Sri Lanka’s Central Bank warns general public over 8 pyramid-type schemes appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Central Bank of Sri Lanka warns general public over pyramid-type schemes in Sri Lanka (Category: Breaking News)
- CBSL to take legal action on pyramid-type schemes (Category: Breaking News)
- CBSL warns of pyramid schemes, deems any involvement a punishable offence (Category: Breaking News)
- CBSL warns general public over pyramid-type schemes in Sri Lanka (Category: Breaking News)
The World Bank, the International Monetary Fund (IMF), and the Ministry of Power and Energy in Sri Lanka had talks on restructuring the balance sheets of the Ceylon Electricity Board (CEB). Power and Energy Minister Kanchana Wijesekera said that World Bank experts will work with the CEB and the IMF to provide advice and options […]
- CEB to issue paperless bills and receipts from January (Category: Breaking News)
- CEB loss for 2023 estimated at Rs. 33 billion (Category: Breaking News)
- Electricity tariffs to be reduced significantly (Category: Breaking News)
- Electricity tariffs to be revised in January (Category: Breaking News)
Minister of Power and Energy Kanchana Wijesekera yesterday (30 May) held a meeting online with the International Monetary Fund (IMF), World Bank and the Ceylon Electricity Board (CEB).
The Central Bank of Sri Lanka (CBSL) says it has conducted investigations into several institutions to ascertain whether they have conducted schemes prohibited in terms of the Banking Act, based on some complaints received by the CBSL.
- Poor Target (Category: Business)
- CBSL issues special notice to public on get rich quick schemes (Category: Breaking News)
- Sri Lanka`s Central Bank unaware of millions of Swiss francs deposited in Swiss accounts (Category: Breaking News)
- Water Losses (Category: Business)
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka Central Bank to hold rates as inflation worries persist (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
The Indian High Commission yesterday (30) said that following a request from Sri Lanka, the State Bank of India (SBI) had extended the tenure of the USD 1 billion Credit Facility, provided in March 2022, for the procurement of essential items. In this context, an Amendment Agreement was signed yesterday, in the presence of the […]
- India should treat us like its little sister, not be Big Brother (Category: Breaking News)
- Creative Accounting (Category: Business)
- Oil Stock (Category: Business)
- Digital Trade (Category: Business)
People’s Bank announced the results for its quarter ended March 31, 2023 reporting total consolidated operating income and pre-tax profit amounting to LKR 24.0 billion and LKR 7.2 billion, respectively (Q1-2022: LKR 42.6 billion and LKR 11.0 billion). Similar to 2022, the quarter continued to be characterized by higher interest costs; due to the high […]
- ‘People’s Bank continues to demonstrate resilience despite extraordinarily limiting circumstances’ (Category: Breaking News)
- ‘People’s Bank continues to maintain steadfast performance’ (Category: Breaking News)
- People’s Bank reports consolidated pre-tax profit of LKR 9.4 billion (Category: Breaking News)
- Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023 (Category: Breaking News)
Sri Lanka has been granted an extension of the credit facility signed March 2022, with India providing access to a USD 1 billion credit facility until March 2024.The post India extends USD 1 Billion Credit Line for Sri Lanka until March 2024 appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- India extends tenure of USD 1 billion credit facility provided to Sri Lanka (Category: Breaking News)
- India extends LTTE ban for another 5 years (Category: Breaking News)
- India extends $1 bln credit line for Sri Lanka by a year (Category: Breaking News)
- India extends ban on onion exports indefinitely ahead of general election (Category: Breaking News)
The Controller-General of Immigration and Emigration, Harsha Ilukpitiya says an online passport application system will be implemented in the coming days pursuant to President Ranil Wickremesinghe’s initiative to digitize the public service.The post Sri Lanka to initiate new online passport application system appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri La...
- Sri Lanka to launch a new online passport application system today (June 15) (Category: Breaking News)
- Sri Lanka issued 911,689 passports in 2022 (Category: Breaking News)
- 50 new passport centres to be established in Sri Lanka (Category: Breaking News)
- Sri Lanka decides to accept Passport applications online (Category: Breaking News)
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura, is to visit Sri Lanka for talks. State Minister of Finance Shehan Semasinghe said that Kenji Okamura will be on a two-day official visit to Sri Lanka (31st May and 1st June). During the visit, several rounds of discussions will be held on […]
- Emirates to promote Sri Lanka as ideal destination for travellers (Category: Breaking News)
- China to explore opportunities to strengthen relations with Sri Lanka (Category: Breaking News)
- Students visit President’s House one year after it was stormed (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
In response to a request from the Government of Sri Lanka (GOSL), the State Bank of India (SBI) has extended the tenure of the USD 1 billion Credit Facility provided to GOSL for procurement of essential items in March 2022. In this context, an Amendment Agreement was signed today (30 May 2023) in the presence […]
- Emirates to promote Sri Lanka as ideal destination for travellers (Category: Breaking News)
- World’s largest passenger airline makes rare landing in Sri Lanka (Category: Breaking News)
- Indian Navy’s Advanced Light Helicopter lands in Sri Lanka (Category: Breaking News)
- Indian Navy ship arrives in Colombo (Category: Breaking News)
The Asian Development Bank (ADB) on Monday (29) approved a 350 million U.S. Dollar special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the ADB said in a press release. The Bank said that the programme is part of a broader package of financial assistance anchored by the International Monetary Fund’s […]
- ADB approves USD 100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- ADB chief commends Sri Lanka s efforts, pledges further support (Category: Breaking News)
- ADB approves USD 350 million loan for Sri Lanka s economic stabilization (Category: Breaking News)
- World Bank, ADB AIIB announce joint plan to help Sri Lanka (Category: Breaking News)
The Sri Lankan rupee has shown a notable appreciation of 19.8 percent against the US dollar this year, from the period spanning up to 26 May 2023, according to Central Bank statistics The Sri Lankan rupee has also experienced significant appreciation against various currencies during this timeframe as well. The rupee appreciated 26.4 percent against […]
- Sri Lanka depreciates currency by 3% (Category: Breaking News)
- Sri Sri Lanka rupee gains on bank, exporter dollar sales (Category: Breaking News)
- Rupee weakens against USD (Category: Breaking News)
- Stocks slide 4%, rupee hits record low (Category: Breaking News)
By N Sathiya Moorthy How come a ‘poor’ in Asia is also among the ‘miserable’ in the world? But it is possible, as two economic surveys of nations have shown, coming as they do almost simultaneously. A certain Hanke’s Annual Misery Index (HAMI) 2022 has ranked Sri Lanka as the 11th […]
- Pulling out the woollens when it is winter elsewhere, still (Category: Breaking News)
- Paris Club proposes 10-year moratorium for Sri Lanka (Category: Breaking News)
- Türkiye says tensions between great power rivalries affected Sri Lanka (Category: Breaking News)
- India surpasses China as largest lender for Sri Lanka (Category: Breaking News)
UBS is suspending work on its application for a wholly owned mutual fund company in China as it focuses on completing its acquisition of Credit Suisse and resolving regulatory issues raised by the new combination, according to people familiar with the matter. The rushed takeover of Credit Suisse in March complicated an effort by UBS […]
- UBS to buy Credit Suisse for $3.24bn in government-brokered deal (Category: Breaking News)
- Dubai Drydocks inks S.Asia JV with Malaysia firm (Category: Business)
- LOLC intrudes into hotel biz (Category: Business)
- A 100 room hotel to come up in Kandy (Category: Breaking News)
Even though China is South Korea’s top trading partner, Seoul’s tightening ties with the U.S. and other wealthy democratic countries reveal its interest in countering Beijing’s economic coercion, experts say. After a monthlong diplomacy effort that included summits with the U.S. and G-7 leaders, “reducing our reliance on China” and “diversifying our trading part...
- Beijing envoy warns Dutch of retaliation for chip curbs: ‘China won’t just swallow this’ (Category: Breaking News)
- Obama tells Asia, U.S. ‘here to stay’ (Category: Business)
- China, Japan, South Korea trilateral summit: More for optics, less for substance (Category: Breaking News)
- Japan-South Korea Summit: Countering China’s aggression and North Korea’s nuke threats (Category: Breaking News)
The Asian Development Bank (ADB) today approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization.The post ADB approves $350 Million for Sri Lanka economic stabilization programme appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- ADB approves USD 350 million loan for Sri Lanka s economic stabilization (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- Asian Development Bank vows more help for crisis-hit Sri Lanka (Category: Breaking News)
The Asian Development Bank (ADB) today approved a US$350 million (RM1.6 billion) special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the regional lender said in a statement. The programme is part of a broader package of financial assistance anchored by the International Monetary Fund’s (IMF) Extended Fund Facility for the […]
- Sri Lanka secures ADB grant to pay paddy farmers (Category: Breaking News)
- ADB approves $100M loan to provide Sri Lankan SMEs more access to finance (Category: Breaking News)
- ADB says Sri Lanka must maintain reform momentum (Category: Breaking News)
- ADB approves $200 million emergency assistance loan for Sri Lanka (Category: Breaking News)
The Asian Development Bank (ADB) has approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization today (29).
Sri Lankan Rupee further appreciated against the US Dollar today (May 29), the Central Bank of Sri Lanka (CBSL) reported.
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy (Category: Breaking News)
A high-level meeting chaired by the Minister of Water Supply and Estate Infrastructure Development, Jeevan Thondaman was held recently between officials of the Ministry, the Water Board, and the Asian Development Bank (ADB) to finalise significant reforms in the water sector.
- Plumber Dylan no tap dancer (Category: Australia, Tasmania )
- Shortages: Water supplies in crisis (Category: Technology)
- Regional beauty winners (Category: Australia, Tasmania )
- Water infection fixed for now (Category: Australia, Tasmania )
Entries are invited from Sri Lankans above 18 years of age for the above titled competition consisting of two sections: prose and poetry. Short stories of up to 2,500 words and poetry of 32 lines or less to be submitted, abiding by the stated guidelines. Three poetry entries are permitted each competitor, a news release […]
- The English Writers Collective of Sri Lanka (EWC) Creative Writing Competition 2023 (Category: Breaking News)
- Muons, gluons and the poetry of particles (Category: Technology)
- Poetry Slam Season Three to kick off next week (Category: Business)
- Helena-area outdoor briefs: Entries sought for writing contest, Mountain lion hunting closed in ... (Category: USA, Montana)
ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price […...
- Rupee appreciation alone not indicative of economic stabilisation – economist (Category: Breaking News)
- Sajith claims VAT hike will shrink economy (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-incom... (Category: Breaking News)
[…]The post Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices appeared first on Colombo Telegraph.
- Liberal Or Edible Economics: Global Disorder Worst In A Century (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
- Lanka: Dilemmas & Economic Programmes – Do We Consume More Than We Produce? (Category: Breaking News)
- Exploring The Silent Wilderness Of Self-Discovery (Category: Breaking News)
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
The Sri Lankan Rupee further appreciated against the US Dollar today (May 26), according to the Central Bank of Sri Lanka (CBSL).
Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.The post Sri Lanka needs to boost entrepreneurship to overcome ongoing crisis – Central Bank Governor appeared first on ONLANKA News - Sri Lanka News Service to g...
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka faces shutdown without stable Government – Central Bank Governor warns (Category: Breaking News)
The Committee on Ways and Means emphasized that a proper methodology should be followed in selecting beneficiaries for social security schemes. This was taken into discussion at the Committee on Ways and Means Chaired by Hon. Patali Champika Ranawaka, member of Parliament. The officials informed the committee regarding the “Aswesuma” welfare scheme to be implemented by the government from the firs...
- Proper methodology should be followed while selecting beneficiaries for social security schemes ... (Category: Breaking News)
- Over 3.7 million Sri Lankans seek social security payments (Category: Breaking News)
- Aswesuma beneficiaries to receive payments from July (Category: Breaking News)
- Committee on Public Finance meets under the chairmanship of Hon. Mayantha Dissanayake (Category: Breaking News)
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