Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Dec (53)
Narrow by Category
- Breaking News (53)
By Easwaran Rutnam Sri Lanka has backed the allegation raised by India that Canada is driven by vote bank politics. India’s External Affairs Minister S. Jaishankar had said that Canada seems to be driven by vote bank politics on dealing with the Khalistani issue. There has recently been a surge in Khalistan-related activity in Canada […]
- Sri Lanka’s Foreign Minister continues attack on Canada (Category: Breaking News)
- Sri Lanka and China’s EXIM Bank discuss debt restructuring exercise (Category: Breaking News)
- Ranil to visit India next month for talks with Modi (Category: Breaking News)
- Adani to complete Sri Lanka energy project by December 2024 (Category: Breaking News)
Banks, which pay taxes over 50%, least affected By Sanath Nanayakkare If the Employees’ Provident Fund (EPF) and other pension funds did not wish to participate in the proposed domestic debt restructuring process, there will be an application of higher annual income tax of 30%, Central Bank Governor Dr. Nandalal Weerasinghe said yesterday. The EPF […]
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- Involuntary & Inequitable DDO (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
The World Bank yesterday (28) approved USD 700 million in budgetary and welfare support for Sri Lanka.This is the biggest funding infusion into the country since the International Monetary Fund (IMF) bailout package approved in March. Through this funding, the World Bank said it aims to help Sri Lanka implement foundational reforms that restore macroeconomic stability and sustainability, mitigate ...
- Sri Lanka receives $250 Mn as budgetary support from World Bank (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- World Bank to provide $500 mn budgetary support to Sri Lanka (Category: Breaking News)
- Minister Semasinghe paints glowing picture emanating from WB budgetary support (Category: Breaking News)
The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]
- Authorities warn of fake Cass County Jail checks (Category: USA, North Dakota)
- Authorities warn of fake Cass County Jail checks (Category: USA, North Dakota)
- Authorities warn of fake Cass County Jail checks (Category: USA, North Dakota)
- Authorities warn of fake Cass County Jail checks (Category: USA, North Dakota)
Friday 30th June, 2023 The government’s domestic debt restructuring plan is being revealed in dribs and drabs, and the public will have to wait until the weekend, when it is scheduled to be presented to Parliament, to see what it is really like. The Opposition has predicted doom, and the government has sought to make […]
- Rs. 3bn budgetary allocation for foreign debt restructuring, settle int l sovereign bonds (Category: Breaking News)
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Inland Revenue and Appropriation Acts to be amended in line with debt restructuring (Category: Breaking News)
- DDO strategy to be made public within two days  Finance Ministry (Category: Breaking News)
Sri Lanka is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions from holders of its other dollar-denominated bonds as it seeks to restructure its massive debt, its central bank governor said on Thursday.
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.The post World Bank approves $700 Million for crisis-hit Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- World Bank set to approve $700 Million for Sri Lanka next week (Category: Breaking News)
- World Bank to provide $500 million budget support to Sri Lanka (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
Mohammad Haris will lead Pakistan A in the eight-team Men’s Emerging Asia Cup, which will run from July 14 to 23 in Sri Lanka. Omar Yousuf has been named his deputy in the 15-member squad that includes the likes of Saim Ayub, Shahnawaz Dahani and Mohammad Wasim among others. Haris was part of the senior […]
- Afghanistan’s bowlers script their first-ever win over Pakistan (Category: Breaking News)
- Pakistan overcome de Leede’s all-round show in Hyderabad (Category: Breaking News)
- Bas de Leede four-fer keeps Pakistan to 286 (Category: Breaking News)
[…]The post DDR & The Moral-Cum-Political Question appeared first on Colombo Telegraph.
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Sustainable Debt & Unsustainable Democracy (Category: Breaking News)
- Involuntary & Inequitable DDO (Category: Breaking News)
- Political Buddhism & Corruption: The Unholy Twins (Category: Breaking News)
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Prices of cup of plain tea and milk tea reduced (Category: Breaking News)
- Sri Lanka tea industry to fully recover next year, says minister (Category: Breaking News)
- Leaf Trend (Category: Business)
- Crop Condition (Category: Business)
Sri Lanka Government is anticipating the restructuring of USD 17 billion out of a total of 41.5 billion of foreign debts within a 5-year term, President Ranil Wickremesinghe said today (June 27).The post Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka aims to restructure USD 17 bn debt in five years  President (Category: Breaking News)
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- President assures local debt restructuring will not affect deposits (Category: Breaking News)
- Sri Lanka trying to reduce overall debt by $17 Billion, president says (Category: Breaking News)
President Ranil Wickremesinghe today assured that local debt restructuring will not affect deposits in the banking system or interest on bank deposits that is currently being paid. Speaking at the opening ceremony of a new building of the Gampaha District Secretariat, President Wickremesinghe said that the Government anticipates the restructuring of $17 billion out of […]
- Sri Lanka and China’s EXIM Bank discuss debt restructuring exercise (Category: Breaking News)
- CB warns of catastrophic consequences if banking sector collapses (Category: Breaking News)
- Interim-budget which meets IMF expectations presented to Parliament (Category: Breaking News)
- World Bank calls for quick restructuring of Sri Lanka’s debt (Category: Breaking News)
By Rathindra Kuruwita A sinister attempt is being made in some quarters to trigger a run on banks and the five-day bank holiday is aimed at countering that move, State Minister of Finance Ranjith Siyambalapitiya has said. Siyambalapitiya, addressing the media, yesterday, assured that bank and other deposits and pension funds would not be affected […]
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9B bailout package (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- President hopeful of commencing debt restructuring process by March (Category: Breaking News)
- SL has to meet USD 2.6 bn in foreign debt repayments and interest this year (Category: Breaking News)
President Ranil Wickremesinghe has assured that Sri Lanka has qualified for the assistance from the World Bank since all the required benchmarks for financial assistance from the WB have been fulfilled so far and that the Âmuch-needed funds will help strengthen the country s economy.
Sri Lanka and China’s EXIM Bank had talks on the debt restructuring exercise. Foreign Minister Ali Sabry had detailed discussions in Beijing with EXIM Bank of China Chairman Wu Fulin and a team of EXIM Bank. The Sri Lanka Embassy in China said that both sides expressed satisfaction at the conclusion of the talks. Earlier, Chinese […]
- China confirms two-year debt moratorium offered to Sri Lanka (Category: Breaking News)
- Sri Lanka expects IMF to clear next tranche following China deal (Category: Breaking News)
- Exim Bank of China and Sri Lanka discuss debt issue (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P Nandalal Weerasinghe said on Sunday (Jun 25), as the island navigates its worst financial crisis in decades. Sri Lanka will also likely obtain Cabinet and parliamentary approval for the debt restructuring strategy this week, Weerasinghe told local TV channels […]
- CB warns of catastrophic consequences if banking sector collapses (Category: Breaking News)
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- Sri Lanka to announce debt restructuring strategy in April (Category: Breaking News)
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
ECONOMYNEXT –Sri Lanka has been moving forward in bilateral debt negotiations by talking to individual creditors despite a clearly defined process for dealing with Paris Club and other creditors, President Ranil Wickremesinghe had said last week. Sri Lanka was following a ‘debtor led’ strategy by reforming the economy and also aiming at a ‘highly efficient […]
- No queues because we have stopped repaying our debt, but we’ll be back in trouble when repayment... (Category: Breaking News)
- India greatly sensitive to needs of Lanka – PM Modi (Category: Breaking News)
- President tells Arab envoys Lanka wants immediate ceasefire in Gaza (Category: Breaking News)
- President wants Lanka to be first in South Asia to join RCEP, largest trade bloc in history (Category: Breaking News)
[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.
- Planning For A Year Of Elections (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- To Be Realistic, There Are Only Two Options (Category: Breaking News)
- Liberal Or Edible Economics: Global Disorder Worst In A Century (Category: Breaking News)
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.The post Sri Lanka set to start tea-for-oil barter with Iran next month appeared first on ONLANKA - Latest Breaking News updates on Sri Lanka.
- Sri Lanka settles US$ 20 million Iranian oil debt with tea (Category: Breaking News)
- Sri Lanka set to start tea-for-oil barter with Iran next month (Category: Breaking News)
- Lankan, Iranian officials discuss how to boost SL tea exports (Category: Breaking News)
- Iran to double tea imports from SL (Category: Breaking News)
Friday 23rd June, 2023 SriLankan Airlines came under a scathing attack in Parliament on Wednesday. In what turned out to be a rare moment of unity among warring political parties, both sides of the House joined forces to bash the so-called national carrier left, right and centre. Not that the beleaguered airline does not deserve […]
- Cabinet nod to lease up to 11 aircraft for SriLankan (Category: Breaking News)
- SOEs Restructuring Unit to study and make recommendations on SriLankan (Category: Breaking News)
- More than 10 SriLankan flights delayed today, at least 3 cancelled (Category: Breaking News)
- SriLankan Airlines double daily flights between Colombo and Mumbai (Category: Breaking News)
By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies and donor nations. Though the […]
- A stitch in time saves nine - Facing the short-term economic challenges (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- After Lanka and Pakistan, now Bangladesh lines up before IMF for bailout (Category: Breaking News)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
By Shamindra Ferdinando UNDP Resident Representative in Colombo, Azusa Kubota, accompanied international expert on parliamentary development, Kevin Deveaux, to meet Speaker Mahinda Yapa Abeywardena at the Parliament on 14th June. They were joined by Policy Expert and Head of Governance, UNDP Colombo, Chandrika Karunaratne. Japanese national Kubota took over the UNDP mission in Colombo in […]
- Lacille poses pertinent questions to Parliament, UNDP (Category: Breaking News)
- Where have millions of USD invested in good governance and accountability projects et al gone? (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
- US hand in GR’s ouster: Speaker finally confirms allegations (Category: Breaking News)
The Sri Lanka Government has not yet taken a final decision regarding the domestic debt optimization programme, Minister of State for Finance Shehan Semasinghe said.The post Sri Lanka Government has not taken a final decision yet regarding domestic credit optimization – Minister of State for Finance appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka ...
- Don’t be fooled by false advertising – Minister of State for Finance (Category: Breaking News)
- No move to restructure domestic debt – State Minister (Category: Breaking News)
- No final decision yet regarding domestic debt optimization - Semasinghe (Category: Breaking News)
- No final government decision yet regarding domestic credit optimization (Category: Breaking News)
[…]The post Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table appeared first on Colombo Telegraph.
- IMF & Global Debt Crises (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is expected to shrink […]
- Sri Lanka and China’s EXIM Bank discuss debt restructuring exercise (Category: Breaking News)
- Top social media video creator/comedian promotes Sri Lanka (Category: Breaking News)
- Sri Lanka receives 1st disbursement of US$ 250 million from WB (Category: Breaking News)
- US to explore areas to support Sri Lanka (Category: Breaking News)
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March.The post World Bank set to approve $700 Million for Sri Lanka next week appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - S...
- World Bank to provide $500 million budget support to Sri Lanka (Category: Breaking News)
- World Bank provides loan to strengthen healthcare in Sri Lanka (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
ECONOMYNEXT –Sri Lanka cannot relax an import ban on vehicles, State Minister of Finance Ranjith Siyambalapitiya said, after the rupee fell steeply from around 191 to 220 level due to the operation of an inconsistent peg with one sided buying. The flexible exchange rate, concocted by Western mercantilists and peddled to countries without a doctrinal […]
- CBSL Chief: SL economy will recover at rapid pace in second half of 2023 (Category: Breaking News)
- IMF welcomes move to flexible exchange rate (Category: Business)
- Remittances through official channels up 78% in March (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
Pakistan Finance Minister Ishaq Dar claimed that geopolitics was behind a stalled loan programme as global institutions wanted Pakistan to default like Sri Lanka and then enter negotiations. Testifying before the Senate’s standing committee on finance, Ishaq Dar stressed that the country would meet its obligations with or without the IMF’s bailout package. He said […]
- Foreign powers want Pakistan to default like Sri Lanka – Pakistan Finance Minister (Category: Breaking News)
- Foreign powers want Pakistan to default like Sri Lanka- Pakistani Minister (Category: Breaking News)
- Pakistan s finance minister opposes provincial snap polls mandated by court (Category: Breaking News)
- COPF approves resolution on Domestic Debt Optimization (Category: Breaking News)
Sri Lanka's economy (LKGDP=ECI) shrank 11.5% in the first three months of 2023, official data showed on Thursday, as the country remained in the grip of its worst financial crisis in decades.The post Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- At least 17 people hospitalized after massive fire in Pettah (Category: Breaking News)
- Sri Lanka to start next round of talks with creditors in April (Category: Breaking News)
Popular Topics
- International Monetary Fund (34)
- Political crisis (35)
- Foreign exchange reserves (53)
- Shortage (4)
- Bank reserves (53)
- Fuel (3)
- Economy of Sri Lanka (53)
- Russia (2)
- Ukraine (2)
- Sri Lanka Tea (53)
- Tourism (4)
- Sri Lanka Quality Tea (53)
- Sri Lanka Tourism (53)
- Sri Lanka Cricket (53)
- Sri Lanka Hotels (53)
- Sri Lanka Elections (53)
- Hiru Tv (3)
- ITN News (53)
- Shakthi Tv (3)
- Derana Dream Star (1)
- EPF (2)
- BBC (1)
- Rob Ford (1)