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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 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)
- An Attempt To Prioritise National Needs (Category: Breaking News)
- On “Reaching For The Stars” & Some Troubling Issues (Category: Breaking News)
- Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices (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)
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)
“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]
- CEB seeks approval for another power tariff hike, alleges Electricity Consumers’ Association (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- ‘CEB restructuring by September; power sector entities to be run separately’ (Category: Breaking News)
- CEB hydro power capacity down to 25 percent (Category: Breaking News)
Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore up the latter’s chances of winning future elections. […]
- President Ranil vows to build debt-free economy (Category: Breaking News)
- Barks of crooks (Category: Breaking News)
- President: Those who try to dictate terms to IMF have Montessori-level knowledge (Category: Breaking News)
- Exercise in futility (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Good Governance & Economic Development – Part II (Category: Breaking News)
by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel. The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation […]
- Taxation Without Accountability Is Not Sustainable (Category: Breaking News)
- CPA survey claims JVP Leader most popular with 48.5% of those surveyed (Category: Breaking News)
- Joint food security assessment by govt., FAO, WFP next month (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
Following quickly on the success of India's moon landing, the country's space agency launched a rocket on Saturday to study the sun in its first such solar mission.The post After the moon, India launches rocket to study the sun appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- India successfully launches its first mission to the Sun (Category: Breaking News)
- India launches space mission to study black holes (Category: Breaking News)
- India sends new space mission to observe sun after success of moon landing (Category: Breaking News)
- Japan’s ‘Moon Sniper’ makes historic lunar landing (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
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