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[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
- People’s Preamble To IMF Technical Report (Category: Breaking News)
- If The Speaker Had Become The President, The Economic Crisis Might Have Been Eased By Now (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Positive Progress in Securing Second IMF Tranche, Says Acting Finance Minister Shehan Semasinghe (Category: Breaking News)
- IMF team arrives in Sri Lanka to evaluate economic reforms (Category: Breaking News)
- Representatives of the International Monetary Fund express satisfaction with the implemented eco... (Category: Breaking News)
- Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks (Category: Breaking News)
Sri Lanka’s Minister of State for Tourism Diana Gamage announced plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the year’s end.The post Sri Lanka to launch campaigns to attract 1.5 million tourists – proposal to create non-sleeping cities appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka anticipating substantial influx of tourists during final months of year - State Minist... (Category: Breaking News)
- Campaigns to attract 1.5 million tourists to Sri Lanka, Proposal to create cities that never sleep (Category: Breaking News)
- Campaign to attract 1.5 million tourists to Sri Lanka in 2023 (Category: Breaking News)
- Sri Lanka to create cities that never sleep to boost tourism (Category: Breaking News)
Over 200 corporate leaders attended the second Economic Forum sponsored by HSBC recently which was to discuss and share insights into the latest global trends and opportunities emerging for economic growth in Sri Lanka. Frederic Neumann, HSBC’s Chief Asia Economist and Co-Head of Global Research for HSBC Asia along with Aayushi Chaudhary, HSBC Economist for […]
- Belgian companies to invest in Lanka (Category: Breaking News)
- Finance Channel (Category: Business)
- HSBC and Sarvodaya partner to empower women entrepreneurs (Category: Breaking News)
- JICA eager to resume Japan-funded development projects in Sri Lanka - State Minister Semasinghe (Category: Breaking News)
Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]
- Vietnam rises strongly from Covid, keeps inflation down as 77 national day celebrated (Category: Breaking News)
- Sri Lanka could get US$6.0bn from India, talks with Japan: Coomaraswamy (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
Former State Minister Dr. Nalaka Godahewa, MP yesterday pointed out that a careful look at the Central Bank’s 2023 data revealed that the much-touted promise to build a thriving export-oriented economy under the current government was only a pipedream. Addressing the media at the Nidahasa office at Nawala where he dealt with economic issues, the dissident SLPP MP said that […]
- Dr. Godahewa asks can individuals responsible for unprecedented economic crisis be architects of... (Category: Breaking News)
- Sectoral Oversight Committee exposes CEB costing trick to make huge profits (Category: Breaking News)
- Initial consensus among MPs on recovery plan (Category: Breaking News)
- Estimated Rs 1,400 bn, from VAT in 2024 (Category: Breaking News)
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
- In terms of RTI Act House releases names of MPs who voted for new law (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Remote-Control Economy (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
- Ella Tourism Zone will be developed under a grand plan – President (Category: Breaking News)
- Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities (Category: Breaking News)
- President reveals plans to elevate Arugam Bay into high-income tourist hub (Category: Breaking News)
- Sri Lanka President visits Tangalle and Galle to assess revival of tourism in South Coast (Category: Breaking News)
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
- Coca-Cola’s Christmas Spirit – Your Festive Sip Comes with Gifts! (Category: Breaking News)
- Coca-Cola appoints Kaushali Kusumapala as Country Director for Sri Lanka and Maldives (Category: Breaking News)
- Coca-Cola’s free tumbler with every 1.5L and 2L Coke or Sprite PET bottle (Category: Breaking News)
- Coca-Cola and the art of embracing local flavors: A journey through Sri Lankan cuisine (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe highlighted that the tourism industry stands as the paramount sector capable of swiftly advancing the country’s economic objectives.The post Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- President moots ‘Greater Yala’ concept to boost tourism (Category: Breaking News)
- Two million tourists and a revenue of US $ 06 billion expected in 2024 – Minister of State for T... (Category: Breaking News)
- Sri Lanka to target 5 million tourist arrivals a year (Category: Breaking News)
President Ranil Wickremesinghe has mooted the ‘Greater Yala’ concept which will promote Yala and areas around it. Speaking after inaugurating the Hilton Yala Resort, the President said that Yala must be promoted as a unified tourist destination by incorporating nearby areas. “Why are you going to call these places Udawalawe, Kumana and all? These are […]
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- Sri Lanka to target 5 million tourist arrivals a year (Category: Breaking News)
- Singapore’s Prime Minister keen to deepen ties with Sri Lanka (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
Tuesday 15th August, 2023 The Professional Chef’s Association Sri Lanka (PCASL) made a fervent appeal over the weekend on behalf of everyone engaged in tourism. Pointing out that unfortunate instances abounded where foreign tourists faced exploitation at the hands of various persons, it stressed that the foreign guests helped boost the country’s economy and deserved […]
- Country attracts more than 800,000 tourists by 8 August (Category: Breaking News)
- 74,664 tourists arrive in Sri Lanka in first two weeks of Nov. (Category: Breaking News)
- Sri Lanka bans transport of tourists by three wheeler taxis not licensed by Tourism Authority (Category: Breaking News)
- Tourist arrivals top 1.4 mn by third week of December (Category: Breaking News)
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
- Sri Lanka expects first review by IMF to be successful (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
- Sri Lanka receives 1st disbursement of US$ 250 million from WB (Category: Breaking News)
- Sri Lanka says economy has stabilised and growth is emerging (Category: Breaking News)
Iran has voiced readiness to share its scientific and technological knowledge and expertise with “friendly” countries, including the South Asian island nation of Sri Lanka. Iranian President Ebrahim Raisi made these remarks on Sunday in a meeting with Sri Lanka’s Foreign Minister Ali Sabry in Tehran. According to a communique issued by his office, Iran’s […]
- Extending the Order issued on Possession of Foreign Currency (Category: Breaking News)
- India-Sri Lanka joint military exercise Mitra Shakti 2023 culminates in Pune (Category: Breaking News)
- Iran and Sri Lanka to strengthen cooperation in multiple areas (Category: Breaking News)
- Sri Lanka Purchasing Managers’ Index - June 2022 (Category: Breaking News)
Iran has voiced readiness to share its scientific and technological knowledge and expertise with “friendly” countries, including the South Asian island nation of Sri Lanka.The post Iran ready to share scientific knowledge with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Iran ready to share scientific, technological knowledge with Sri Lanka (Category: Breaking News)
- Teheran expects enhancement of bilateral ties in all fields (Category: Breaking News)
- Iran and Sri Lanka to strengthen cooperation in multiple areas (Category: Breaking News)
- Foreign Minister Ali Sabry to attend Iranian President Raisi s funeral (Category: Breaking News)
By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential economic growth in heavily polluted areas of the world by one-third. It […]
- Dire weather forecast for Sri Lanka (Category: Breaking News)
- People in five districts advised to wear masks due to toxic air blowing from India (Category: Breaking News)
- Country smothered by air pollution from subcontinent (Category: Breaking News)
- 'Excellent water' at more beaches (Category: Technology)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
Joining China’s Belt and Road Initiative (BRI) project four years ago was a “hasty and disastrous” decision. This statement is from the Minister of Defense of Italy. An interview with Italian Defense Minister Guido Crosetto was published on Sunday, in which he said China’s involvement in the project was a “disastrous decision.” He also explained […]
- China warns against ‘undermining’ Belt and Road plan after Italy withdraws (Category: Breaking News)
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
- China’s BRI leads to debt sustainability problems, excludes locals from decision making in Nigeria (Category: Breaking News)
- Europe’s Growing Skepticism towards China’s Belt and Road Initiative: A Deepening Rift in Global... (Category: Breaking News)
The Central Bank of Sri Lanka yesterday said that the authorisation of the Indian rupee as a designated currency did not make it a ‘legal tender’ in Sri Lanka for domestic payments/settlements. Issuing a clarification, titled Misinformation Relating to Indian Rupee (INR), the CBSL has said: “Any transaction executed between or among residents in Sri […]
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Indian govt allows Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
- Indian Government allows Sri Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
- Sri Lanka notifies Indian rupee as designated currency (Category: Breaking News)
The Indian Rupee is not a legal tender in Sri Lanka for domestic payments or settlements, the Central Bank of Sri Lanka (CBSL) said today. Issuing a statement, CBSL said that from time to time it authorises selected foreign currencies as designated foreign currencies with a view to facilitating international trade and cross-border banking transactions. […]
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Indian tourists visiting Sri Lanka can pay in INR (Category: Breaking News)
- Using the Indian Rupee for economic transactions will have positive impact on the tourism and ho... (Category: Breaking News)
- Indian govt allows Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
- SL lagging behind other countries due to lack of national digital policy- NC sub-committee (Category: Breaking News)
- Relevance of Non-alignment or ‘dynamic neutrality’ to SL’s foreign policy (Category: Breaking News)
- SL economy, IMF claims, and reality (Category: Breaking News)
- Decline of middle class bodes ill for nation (Category: Breaking News)
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
By Shyam Nuwan Ganewatta The IMF in 2020 told nations around the world that they should maintain a budget deficit to tackle the effects of COVID-19, however, two years later, the IMF insists that this would lead to chaos, Dr. Howard Nicholas, senior lecturer at Erasmus University – Rotterdam, and International Institute of Social Studies […]
- CBSL chief expresses optimism (Category: Breaking News)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
- IMF team to visit Sri Lanka by month-end for staff-level agreement (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
Thilo W. Hoffmann biography S. A. I. Elapatha Forty years ago, a young man with a Master’s Degree in Agriculture in his pocket, set out for Sri Lanka to be employed in a well established and reputable foreign Company of the same nationality as his. Born in 1922, the son of a well known paediatrician […]
- Wildlife and Nature Protection Society goes to court over “unlawful act” (Category: Breaking News)
- Rs. 200,000 from US Ambassador’s Ball to Sri Lanka Wildlife Conservation Society (Category: Business)
- Urgent call for action to save Sri Lanka’s floral diversity from extinction (Category: Breaking News)
- SLPP politicians’ son, nephew led-group wreaked havoc in Yala (Category: Breaking News)
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit and was pressed into retirement for his troubles.The post ‘No second chance’ to save Sri Lanka, central banker warns appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CBSL chief s special statement on domestic debt restructuring process (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
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