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Sri Lanka’s inflation accelerated in November for a second straight month as energy tariffs were raised to keep the International Monetary Fund’s $3 billion bailout on track.The post Sri Lanka inflation rises for second month on high energy costs appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation eases to 2.5% in March 2024 (Category: Breaking News)
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- CCPI based inflation further drops to 57.2% (Category: Breaking News)
- Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist (Category: Breaking News)
[…]The post Responsible Investment Of Borrowed Money; Could This Be A Way Forward? appeared first on Colombo Telegraph.
- Responsible Investment Of Borrowed Money: Could This Be A Way Forward? (Category: Breaking News)
- “Minimum Estate Labour Wages” & Other Related Matters (Category: Breaking News)
- An Attempt To Prioritise National Needs (Category: Breaking News)
- On “Reaching For The Stars” & Some Troubling Issues (Category: Breaking News)
Minister of Transport and Highways and Minister of Mass Media Dr Bandula Gunawardena at a press briefing held at the Presidential Media Center today (30) said that the earliest Sri Lanka can recover from bankruptcy is in 2027, at which time it is envisaged that the countries foreign reserves which stand at USD 3.5 billion […]
Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The post IMF says Sri Lanka debt deal could help board clear first bailout review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF board approves first review of Sri Lanka’s nearly $3 billion bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
The French Development Agency’s (Agence Française de Développement also known as AFD) Regional Directorate is strengthening its base in Sri Lanka in line with the commemoration of 75 years of diplomatic relations between Sri Lanka and France. It also marks the enduring partnership between AFD Group and its Sri Lankan partners, which began in 2005 […]
- France to provide EUR 450,000 to CEB for renewable energy (Category: Breaking News)
- France continues support for Sri Lanka’s renewable energy plans (Category: Breaking News)
- EU, AFD, and World Bank support strengthening Sri Lanka s public finance management (Category: Breaking News)
- French government pledges support for the development process of Sri Lanka (Category: Breaking News)
By Hiran H. Senewiratne The trading activities at the Colombo Stock Exchange witnessed a positive trend yesterday after a negative streak in the past few days, following the much anticipated debt restructuring deal between Sri Lanka and its official creditors. “The Official Creditor Committee (OCC) and Sri Lanka agreed on the main parameters of a […]
- CSE wraps up the week on a positive note (Category: Breaking News)
- Treasury Bill rate hikes notably as investors switch to govt. securities (Category: Breaking News)
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- CSE indices hike to record levels; turnover touches Rs. 4.17 billion (Category: Breaking News)
Official creditors and Sri Lanka have agreed, in principle, on restructuring the country’s debt. The Paris Club said that following the launch event in April 2023, 17 countries formally formed, on May 9, an Official Creditor Committee (OCC) co-chaired by India, Japan and France (as chair of the Paris Club) to respond to the Sri […]
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
The Official Creditor Committee (OCC) has confirmed its agreement in principle on specific financing terms to restructure Sri Lanka’s debt in line with the parameters set in the IMF program, Sri Lanka’s Finance State Minister Shehan Semasinghe says.The post Official Creditor Committee confirms debt treatment deal with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Sto...
- Official creditors and Sri Lanka agree in principle on debt restructuring (Category: Breaking News)
- Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
A group of Sri Lanka's creditor nations are likely to reach an agreement on debt relief and an extension of repayment deadlines for the South Asian nation, Japan's Jiji News reported on Wednesday, without naming a source or giving any details.The post Creditor nations likely to agree on Sri Lanka debt restructuring – report appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top S...
- Sri Lanka’s creditors hold 1st meeting, with China as observer (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- Sri Lanka’s debt repayments to be suspended until 2028 – NikkeiAsia Reports (Category: Breaking News)
Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.The post Sri Lanka needs $100 billion to become net zero emitter by 2040, president says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka needs $100 billion to become net zero emitter by 2040, president says (Category: Breaking News)
- Govt. allocates 600 acres for proposed International Climate Change University (Category: Breaking News)
- Sri Lanka Commits to Net Zero Carbon Emissions by 2040 While Pursuing Economic Goals (Category: Breaking News)
- President Calls for Unified Environment, Climate Change Law at Sri Lanka Climate Summit (Category: Breaking News)
SLPP leader Mahinda Rajapaksa yesterday (28) hit back at critics, claiming that a robust economy had been built under his presidency. He said the UNP-SLFP government which ruled the country during the 2015-2019 period should be held responsible for the current economic crisis. The following is the text of a statement, titled ‘the origins of […]
- Sri Lanka Shippers’ Council perturbed by rescinding of Gazette No. 2014/10 of Oct. 2017 (Category: Breaking News)
- The Origins Of Sri Lanka’s Economic Crisis (Category: Breaking News)
- Ceylon Chamber identifies opportunities in Brazil during FIFA 2014 and Olympics 2016 (Category: Business)
- Expo 2014 coming next (Category: Business)
Last week, we delved into a significant event in New Zealand, where a group of affluent individuals expressed a willingness to voluntarily pay more taxes, only to have the tax authority reject their offer. This incident prompts questions about the fairness of the current tax system, particularly in relation to the lower tax rates paid […]
- President presents budget replete with reforms (Category: Breaking News)
- Middle class Sri Lankans forced to migrate due to proposed new income tax policy? (Category: Breaking News)
- SHOULD WE BE INFORMANTS TO BOOST TAX REVENUE? (Category: Breaking News)
- Budget 2024 (Category: Breaking News)
By Rathindra Kuruwita The Cabinet of Ministers has approved the signing of a loan agreement with the Asian Development Bank to borrow 60 million US dollars to complete the Integrated Road Investment Program (IRIP), cabinet spokesman Bandula Gunawardena told reporters on Tuesday. Addressing a press conference, Gunawardena said the IRIP was implemented using loan funds […]
- IMF final review discussion with President today (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
- U.S. commits USD 40M loan to support small businesses, empower Sri Lankan women (Category: Breaking News)
State Minister of Finance Shehan Semasinghe yesterday (28) said that investigations were still continuing into the alleged disappearance of Rs. 5 million from the Central Bank of Sri Lanka (CBSL). The State Minister stated that the CBSL initiated an internal investigation into the matter, while the Criminal Investigation Department (CID), too, initiated a separate probe. […]
- Orwellian Isle Ordeals (Category: Breaking News)
- Message from a Cell Death (Category: Breaking News)
- Post-Match Melancholia (Category: Breaking News)
- EC: Prez poll can’t be put off (Category: Breaking News)
[…]The post The Origins Of Sri Lanka’s Economic Crisis appeared first on Colombo Telegraph.
- Video: Out & About 14th August 2014 (Category: Video)
- Video: Out & About 2014 09 04 (Category: Video)
- Video: 240714glasgow 2014 (Category: Video)
- Video: Today 21st November 2014 (Category: Video)
The Government of Sri Lanka says it is planning to borrow USD 60 million from the Asian Development Bank (ADB) under the Second Integrated Road Investment Program (Tranche 4) to finance carrying out the critical works of the already commenced and incompleted road sections
State Minister of Finance Shehan Semasinghe has revealed that several investigations are currently underway into the alleged misplacement of Rs. 5 million within the Central Bank of Sri Lanka (CBSL).
[…]The post No Democratic Logic To Hold Provincial Council Elections In 2025 appeared first on Colombo Telegraph.
- Preparing The Ground For Early Elections (Category: Breaking News)
- New Mandates Before New Amendments (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Rise & Fall Of Nationalism In North & South (Category: Breaking News)
By Hiran H.Senewiratne ‘Since local inflation has declined faster than expected, the CBSL Monetary Board has decided to reduce policy interest rates by 100 basis points to enable the economy to reach its true potential, CBSL Governor Dr. Nandalal Weerasinghe said at the monthly monetary policy review meeting held on November 24th at the Central […]
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
- Central Bank raises Policy Interest Rates (Category: Breaking News)
- CB eases lending and deposit interest rates (Category: Breaking News)
by Jehan Perera The government is facing an uphill task to rebuild the country which continues to be in a state of economic and moral decline which was evident in parliamentary proceedings last week. The initial hopes of a quick transition from the economic and moral decline that accompanied the pre-Aragalaya period ended with the […]
- Supreme court nudges govt., to democracy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
[…]The post Unwanted Palestine Blood Bath Due To Lack Of Honesty & Integrity appeared first on Colombo Telegraph.
- Condoning Israeli Aggression & Condemning Palestinian Resistance (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
- November 29 – UN Created Israel (Category: Breaking News)
- A Great American Dilemma: Israel-Hamas War – Is It Reverse Holocaust? (Category: Breaking News)
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
- IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds of thousands of signatures for its […]
- SJB blames Rajapaksas for impending financial burden on public, calls for Government change (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Response to economic revival plan pathetic: Harsha disappointed (Category: Breaking News)
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on Thursday, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 per cent and 10.00 per cent, respectively, CBSL said in a […]
ECONOMYNEXT –Former minister, MP Rauff Hakeem has opposed Sri Lanka’s plans to send 10,000 workers to belligerent Israel.Cabinet spokesman minister Bandula Gunawardena said this week that cabinet approved a plan to send workers to Israel’s agriculture sector. “Sending our workers to a country that is committing war crimes is like sending workers to Nazi Germany, […]
- Labour Minister: Govt. won’t heed demand for severing diplomatic ties with Israel, halt sending ... (Category: Breaking News)
- SL workers to be given military training in Israel – Hakeem (Category: Breaking News)
- Hakeem asks govt. to tell Israel to stop genocide in Gaza (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
Central Bank Governor Dr. Nandalal Weerasinghe told journalists on Friday (24) that he was confident that the IMF would approve the second tranche of its Extended Fund Facility (EFF) in December 2023. Dr. Weerasinghe said Sri Lanka was making good progress and he was confident that the official bilateral creditors, the Official Creditor Committee (OCC) […]
- Concessionary loan scheme for SMEs (Category: Breaking News)
- Bill presented to make Central Bank independent (Category: Breaking News)
- State banks open today for Aswesuma beneficiaries (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready - WB (Category: Breaking News)
Sri Lanka’s central bank signaled it will pause after cutting interest rates for a fourth time this year as the economy gradually recovers from its unprecedented crisis and inflation bottoms out.The post Sri Lanka signals pause after four rate cuts as IMF loan awaited appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
The renowned Celebrity Chef and former judge of MasterChef Australia, Gary Mehigan, engaged in a brief online discussion ahead of his highly anticipated trip to Sri Lanka at the end of the month. The culinary maestro is set to captivate Sri Lanka during a three-day culinary extravaganza, in partnership with Cinnamon Hotels & Resorts. From […]
- Eliminated Sri Lankan contestant given another chance on MasterChef 2024 (Category: Breaking News)
- British Sri Lankan wins UK MasterChef (Category: Breaking News)
- MasterChef James Lowe gives cooking tips in Galle (Category: Breaking News)
- MasterChef Australia judge Jock Zonfrillo has died at the age of 46. (Category: Breaking News)
Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has revealed that the second tranche of the Extended Fund Facility (EFF) offered by the International Monetary Fund (IMF) is expected to be received in December.
The Monetary Policy Board of the Central Bank of Sri Lanka has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 per cent and 10.00 per cent, respectively. The Board arrived at this decision following a careful […]
- Central Bank of Sri Lanka decides to maintain policy rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- Central Bank decides to continue with tight monetary policy (Category: Breaking News)
- Central Bank of Sri Lanka relaxes its monetary policy stance (Category: Breaking News)
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