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Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. ...
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
[…]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)
A Brit trapped abroad in Sri Lanka after sharing videos of a civil uprising says she is ‘out of hope’ following 13 months hiding from the country’s oppressive Government. Kayleigh Fraser, 35, had her home in the south Asian island nation raided in August last year by immigration officials who claimed that she was visiting the […]
- Modi receives rockstar welcome in Australia (Category: Breaking News)
- Israel ramps up military activity along Gaza border as ground invasion looms (Category: Breaking News)
- Australia says China took port because Sri Lanka couldn’t pay (Category: Breaking News)
- Anne concludes Sri Lanka visit describing herself ‘eyes and ears’ of monarchy (Category: Breaking News)
The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9bn bailout package, due to a potential shortfall in government revenue generation, Al Jazeera has reported, quoting the lender. Speaking after a two-week visit to the country, IMF delegation head Peter Breuer on Wednesday said a […]
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- IMF says increasing revenue of paramount importance for Sri Lanka; defends VAT hike (Category: Breaking News)
President Ranil Wickremesinghe delivering the opening speech at the ‘Berlin Global’ Dialogue in Berlin, Germany, today (28), expressed the need for a comprehensive dialogue between Western nations and China, the United States of America and China and the European Union and China, as a critical component of a robust international plan capable of addressing the […]
- Sri Lanka's President Rajapaksa goes back to China (Category: Breaking News)
- The issue is about Sri Lankans (Category: Breaking News)
- President off to China (Category: Breaking News)
- Sri Lanka sees opportunity as China costs rise - President (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)
The expanded Board of Management of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) met recently, presided over by Foreign Minister M. U. M. Ali Sabry, in his capacity as the ex officio chairman of LKI. The meeting took place in the wake of Foreign Minister naming four new members to the […]
- ‘South Asia, key region for Japanese cooperation in disaster prevention’ (Category: Breaking News)
- Lanka warned of Extraterritorial jurisdiction (Category: Breaking News)
- NAM means you can make independent decisions: Sabry (Category: Breaking News)
- SA envoy to Sri Lanka lambastes Israel (Category: Breaking News)
The International Monetary Fund (IMF) says despite early signs of stabilization, full economic recovery in Sri Lanka is not yet assured. Growth momentum remains subdued, with real GDP in the second quarter contracting by 3.1 percent on a year-on-year basis and high-frequency economic indicators continuing to provide mixed signals. Reserve accumulation has also slowed in […]
- IMF reaches crucial staff-level agreement with Sri Lanka following first review (Category: Breaking News)
- Haircut for holders of Sri Lanka’s international sovereign bonds (Category: Breaking News)
- US calls on Sri Lanka to conclude debt restructuring agreements (Category: Breaking News)
- IMF Executive Board approves US$ 337 million to Sri Lanka (Category: Breaking News)
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
The International Monetary Fund (IMF) mission team concluding its visit to Sri Lanka said that despite early signs of stabilization, full economic recovery is not yet assured.The post Despite signs of stabilization, full economic recovery not yet assured – IMF Mission appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka reaches IMF staff-level agreement on first review (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- Sustained reforms critical for lasting recovery in Sri Lanka s economy  IMF (Category: Breaking News)
- IMF staff concludes visit to Sri Lanka saying debt agreements with creditors critical (Category: Breaking News)
A group of Tamil asylum seekers stranded on a tiny British territory in the Indian Ocean have won their fight against being forcibly returned to Sri Lanka after a Government climbdown. The group are on Diego Garcia, part of the Chagos Islands, which the UK calls the British Indian Ocean Territory (BIOT) and over which […]
- UK sends Sri Lankan Tamil asylum seekers to Rwanda after suicide attempts (Category: Breaking News)
- UK to send Sri Lankan asylum seekers to Rwanda for medical treatment (Category: Breaking News)
- Britain to send Sri Lankan asylum seekers to Rwanda for medical treatment (Category: Breaking News)
- UK accused of putting Tamil refugees at risk in Indian Ocean (Category: Breaking News)
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall concerns IMF team – sources appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stor...
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka’s tax revision helps correct tax revenue & expenditure imbalance – IMF (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
By Udari Abeyasinghe One of the principles of free education is to provide opportunities in higher education. In 2020, then-President Gotabaya Rajapaksa issued directives to the University Grants Commission (UGC) to increase university admissions by an additional 12,000 students, in line with his election manifesto. Subsequently, student enrollments were increased with inadequate resources allocat...
- Medical education at crossroads (Category: Breaking News)
- Universities in crisis: Key learnings (Category: Business)
- Chaos in universities: A solution? (Category: Business)
- Country fast running out of dons to keep universities ticking (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)
The fifth Asia Pacific Forum of Ministers and Environment Authorities, the largest regional environmental event in the Asia Pacific region will convene in Colombo from October 3rd to October 6th. This forum is jointly organized by the Ministry of Environment and the United Nations Environment Programme (UNEP). During an awareness press briefing held today (25) […]
- Largest Asia Pacific Environmental Forum kicks off in Colombo from 3rd to 6th October (Category: Breaking News)
- Sri Lanka set to host largest Asia Pacific Environmental Forum next week (Category: Breaking News)
- Government to further intensify war on plastic (Category: Breaking News)
- US-Sri Lanka Partnership: 2023 Indo-Pacific Environmental Security Forum (Category: Breaking News)
Monday 25th September, 2023 Channel 4’s recent programme on the Easter Sunday attacks may have made the Rajapaksas squirm and landed President Ranil Wickremesinghe in an awkward position, but former President Maithripala Sirisena has become an unintended beneficiary thereof. It could not have come at a better time for him; he has had to pay […]
- Maithripala returns to PCoI on Easter attacks (Category: Breaking News)
- Maithripala returns to PCoI on Easter attacks (Category: Breaking News)
- Maithripala arrives at PCoI on Easter attacks (Category: Breaking News)
- Maithripala returns to PCoI on Easter attacks (Category: Breaking News)
suggests someone else be appointed to that post MP Weerasekera seeks Speaker’s intervention by Shamindra Ferdinando Controversy surrounds an alleged suggestion by the US that Parliament name a member from a minority community to represent the Parliamentary Oversight Committee on National Security, as incumbent Chairman of the committee Rear Admiral (retd.) Sarath Weerasekera, MP, cannot […]
- National Security Oversight Comm. Chief denied US visa (Category: Breaking News)
- US funding for House project (Category: Breaking News)
- Sarath assures appropriate response (Category: Breaking News)
- Oversight Committee on National Security condemns blacklisting of Karannagoda (Category: Breaking News)
[…]The post Target 2048 – Complex Economy System appeared first on Colombo Telegraph.
- Target 2048 – Develop A Knowledge-Based Innovative Economy (Category: Breaking News)
- Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
By Sanath Nanayakkare The Global CEO Forum Sri Lanka held at the Galadari Hotel on Thursday showed a clear shift of discussion topics by Sri Lankan business leaders compared to what they were talking about just a year ago. Completely deviating from airing worries about how to run their businesses amid economic turmoil, business leaders […]
- Indian business leaders keen on investing in Sri Lanka (Category: Breaking News)
- “SL must continue reforms but people demand openness, transparency & accountability” (Category: Breaking News)
- GLOBAL CEO FORUM SUMMARY (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
says FBI, Australian Federal Police have concluded their probes with no new findings By Rathindra Kuruwita State Minister of Defence Pramitha Bandara Tennakoon said in Parliament on Thursday (21) that ‘Sonic-Sonic’ was the code name given to a local intelligence official, who was entrusted with extracting information from the National Thawheed Jamma’ath (NTJ). Abu Hind […]
- Expect more Easter Sunday type attacks: minister (Category: Breaking News)
- State Minister’s claim that SIS infiltrated NTJ: Church seeks clarification (Category: Breaking News)
- ABC report surfaces many discrepancies in Easter investigations: Catholic Church (Category: Breaking News)
- Alleged secret meeting with NTJ: Maj. Gen. Sallay says he was not in Sri Lanka for whole of 2018 (Category: Breaking News)
[…]The post Ambiguity Of National Evaluation Policy In Sri Lanka? appeared first on Colombo Telegraph.
- What Is Wrong With The President’s Vision & Mission? (Category: Breaking News)
- President Should Be Responsible! (Category: Breaking News)
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- Neither North Nor South, Ranil At Home With The Global Right (Category: Breaking News)
Sri Lanka has called for reform in multilateral institutions like the UN, particularly the expansion of the Security Council’s composition. President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri...
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- UN offers continued support to Sri Lanka’s reconciliation efforts (Category: Breaking News)
- President Ranil Wickremesinghe’s address at the UNGA: ‘Sri Lanka’s journey to rebuild trust and ... (Category: Breaking News)
- Sri Lanka tells COP27 to act fast to ensure global food security (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday (September 21) which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges.The post Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and global solidarity appeared first on ONLANKA - Sri L...
- Sri Lanka calls for reform in multilateral institutions like the UN (Category: Breaking News)
- President Ranil Wickremesinghe’s address at the UNGA: ‘Sri Lanka’s journey to rebuild trust and ... (Category: Breaking News)
- Sri Lanka unveils Climate Prosperity Plan and Climate Justice Forum to tackle climate challenges... (Category: Breaking News)
- President emphasizes need of immediate reforms in global financial structure (Category: Breaking News)
by Neville Ladduwahetty In order to assuage the apprehensions of India regarding the intended arrival of the Chinese research vessel Shi Yang 6 to Sri Lanka, an informed source of the National Aquatic Resources Research Agency (NARA) is reported to have said “a team of officials from the NARA would board Shi Yang 6 to […]
- A Sri Lankan initiative to meet global challenges (Category: Breaking News)
- Mega corruption everywhere – real action nowhere (Category: Breaking News)
- Kachchativu and its maritime boundary ignore international law (Category: Breaking News)
- Multilateral treaties are tools for global governance (Category: Breaking News)
President Ranil Wickremesinghe addressed the UN General Assembly in New York on Thursday (21) on the theme “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but has managed to […]
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- Sri Lanka calls for reform in multilateral institutions like the UN (Category: Breaking News)
- President emphasizes need of immediate reforms in global financial structure (Category: Breaking News)
- Sri Lanka unveils Climate Prosperity Plan and Climate Justice Forum to tackle climate challenges... (Category: Breaking News)
By Shamindra Ferdinando Deputy Asia director at Human Rights Watch (HRW) Meenakshi Ganguly says Sri Lanka could request foreign governments to prosecute those responsible for human rights violations coming under the purview of relevant jurisdictions. Stressing the responsibility on the part of Sri Lanka to indict the accused, Ganguly said Sri Lanka could ask foreign […]
- HRW slams LLRC report (Category: Breaking News)
- Suspend deportations of Lankan Tamils - HRW (Category: Breaking News)
- Proposed Law Breaks Government Pledge to End Abuse’ – HRW (Category: Breaking News)
- Official to brief India US soft says HRW (Category: Breaking News)
[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO appeared first on Colombo Telegraph.
- Letter To Tiran (Category: Breaking News)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
- Open Letter To The President: Mr. President, It’s Not Too Late! (Category: Breaking News)
- An Open Letter & Appeal To The IMF (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)
Efforts are on by the Union government’s Shipping Corporation of India to commence high-speed passenger ferry service between Nagapattinam in Tamil Nadu and Kangesanthurai in Sri Lanka’s Northern Province by the first week of October. The service covering around 60 nautical miles will start from Nagapattinam Mini Port, sources said. Each ferry will carry around […]
- Sri Lanka-India ferry service launch deferred - report (Category: Breaking News)
- Passenger ferry service between Tamil Nadu and Sri Lanka to resume on May 13 (Category: Breaking News)
- Resumption of India-Sri Lanka passenger ferry service postponed (Category: Breaking News)
- Resumption of India-Sri Lanka ferry service delayed indefinitely (Category: Breaking News)
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