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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
“Tyrannical governments and illegitimate leaders throughout history have led their societies to destruction” The Federation of University Teachers (FUTA) says that the Wickremasinghe-Rajapaksa government lacks any legitimacy and it should stop taking cover behind the Constitution.In a statement condemning what it termed as “repression of aragalaya activists by the current regime&...
- FUTA urges govt. to stop suppressing people’s rights (Category: Breaking News)
- Political engagement with Aragayala necessary (Category: Breaking News)
- Accusing govt. of repression, FUTA pledges solidarity with protesters (Category: Breaking News)
- JVP demands release of Aragalaya activists detained under PTA, insists there is no evidence agai... (Category: Breaking News)
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.The post Sri Lanka president seeks unity government to save economy appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Sri Lanka to restart IMF bailout talks, president calls for unity Government (Category: Breaking News)
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lankan President leaves for Germany (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
[…]The post Economy, Emergency & Aragalaya appeared first on Colombo Telegraph.
- The President, IMF & System Change (Category: Breaking News)
- GR’s Gamble With RW (Category: Breaking News)
- Ranil’s Cabinet Trap & Aragalaya (Category: Breaking News)
- The Road Ahead For RW & Aragalaya (Category: Breaking News)
[…]The post Proroguing The Parliament – A Political Subterfuge! appeared first on Colombo Telegraph.
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Ranil Wickremesinghe elected as 8th Executive President of Sri Lanka (Category: Breaking News)
- Sri Lanka President meets UN Secretary-General in Egypt (Category: Breaking News)
- Sri Lanka President meets Prime Minister of Singapore (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves will likely be insufficient to meet normal needs. The situation has […]
- WFP says 66 % Sri Lankans reduced number of meals eaten daily (Category: Breaking News)
- WFP to distribute ration packs to vulnerable households in Sri Lanka (Category: Breaking News)
- Three-wheel drivers block Galle Road in Dehiwala (Category: Breaking News)
- UN warns situation in Sri Lanka likely to worsen (Category: Breaking News)
[…]The post The Aragalaya & Human Rights In Geneva This September appeared first on Colombo Telegraph.
- What’s In Store In Geneva For The Sri Lankan Government (Category: Breaking News)
- Are Economic Crimes None Of The UNHRC’s Business? (Category: Breaking News)
- A snake may lurk in the UN grass (Category: Breaking News)
- The Women At Gates Of The Mahara Prison (Category: Breaking News)
Sri Lanka's rupee fell sharply in the June quarter
- Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits (Category: Breaking News)
- Sri Lanka’s IOC unit reports Rs9.9 bn in June 2022 profits (Category: Breaking News)
- Sri Lanka Nestlé unit’s profit up 34% amid net financial expenses jump (Category: Breaking News)
- Sri Lanka’s Haycarb March net up on forex gains (Category: Breaking News)
In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood, the ANI reported.The post Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution appeared first on ONLANKA News :. Sri Lanka Breaking New...
- Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution - re... (Category: Breaking News)
- Japan provides additional US$ 6.6 million for food and nutrition in Sri Lanka (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- CPC urges public not to believe rumours of fuel shortages (Category: Breaking News)
- Low quality crude has resulted in 22% drop in diesel production (Category: Breaking News)
Chinese financial institutions have reached out to Sri Lanka and had shown full readiness to find a way to handle the matured Chinese loans and help Sri Lanka to overcome the difficulties, Chinese Foreign Ministry Spokesperson Zhao Lijian said during his Regular Press Conference in Beijing. Lijian made this statement in response to a question […]
- China calls for joint efforts to ease Sri Lanka s debt burden (Category: Breaking News)
- Sri Lanka on China-IMF agenda (Category: Breaking News)
- China reiterates fullest support for Sri Lanka in securing IMF assistance (Category: Breaking News)
- Debt Trap is only a myth Chinese Ambassador (Category: Breaking News)
China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have Âboosted its economic development, amid criticism from the US of Beijing s unproductive projects and opaque loan deals among the reasons for the country s bankruptcy.
China said on Friday it hoped "relevant parties" would refrain from interfering with its legitimate maritime activities after New Delhi voiced concern over a Chinese military ship's planned visit to a port in India's southern neighbor Sri Lanka.The post China defends military ship visit to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Sri Lanka says China survey ship can dock in its port (Category: Breaking News)
- Chinese Survey Vessel Yuan Wang 5 reaches Port of Hambantota in Sri Lanka (Category: Breaking News)
- Sri Lanka asks China to defer arrival of ship after India objects (Category: Breaking News)
- China plans setting up radar base in Sri Lanka to monitor Indian naval presence – report (Category: Breaking News)
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
- Sri Lanka’s Bank of Ceylon downgraded to RD (Category: Breaking News)
- Sri Lanka’s NDB downgraded to ‘A(lka)’ amid soft-peg collapse (Category: Breaking News)
- Fitch affirms rating on 15 Sri Lankan Banks – Removes Watch Negative (Category: Breaking News)
- Sri Lanka Singer Finance downgraded, four on rating watch: Fitch (Category: Breaking News)
Has government securities
- Fitch revises NDB’s outlook to negative but affirms AA rating (Category: Business)
- NDB’s bottom line tops Rs. 1 b in 1H (Category: Business)
- Sri Lanka DFCC Bank rating watch negative kept in soft-peg collapse: Fitch (Category: Breaking News)
- NDB’s PAT Up 115% (Category: Breaking News)
India, which is trying to expand its influence in crisis-hit Sri Lanka after China made deep inroads there, said on Thursday it was aware of reports about the planned visit of a Chinese vessel to a Sri Lankan port built with money from Beijing.The post India says it will protect its interests as Chinese boat heads to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Lat...
- Chinese embassy seeks urgent meeting with Sri Lankan authorities (Category: Breaking News)
- Chinese Survey Vessel Yuan Wang 5 reaches Port of Hambantota in Sri Lanka (Category: Breaking News)
- Sri Lanka asks China to defer arrival of ship after India objects (Category: Breaking News)
- Sri Lanka says China survey ship can dock in its port (Category: Breaking News)
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- China confirms two-year debt moratorium offered to Sri Lanka (Category: Breaking News)
Chevron had imported lubricants on credit and had been hit as the rupee collapsed
- Sri Lanka’s NTB profits down 12-pct in March quarter (Category: Breaking News)
- Sri Lanka’s People’s Leasing net down 37-pct in March (Category: Breaking News)
- Sri Lanka’s Haycarb March net up on forex gains (Category: Breaking News)
- Sri Lanka sells Rs80bn in mostly 3-month bills, down 18bp (Category: Breaking News)
Newspapers, TV programmes and video presentations have been dealing with the terrible incident that occurred in the premises of the Presidential Secretariat and on the steps leading to it, at predawn on Friday 23 July. Cassandra feels compelled to present her opinion though it is one week from that day. Experts have dissected it and […]
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
- Cass County divorces (Category: USA, North Dakota)
- Cass County divorces (Category: USA, North Dakota)
British Politics and Ours Both Sri Lanka and the UK have experienced an unprecedented political upheaval of late. It is interesting that both leaders agreed to resign within a day of each other. Everybody else saw the ‘the end is nigh’ sign for quite a while. They didn’t or didn’t want to see it until […]
- Laksiri, Issadeen win open men’s and women’s titles (Category: Breaking News)
- Sri Lanka set to play ten Tests next year (Category: Breaking News)
- Lochana, Warangana clinch singles titles (Category: Breaking News)
- Mihiran, Malshani adjudged best boxers at Nationals (Category: Breaking News)
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]
- Litro Gas denies claims on salary structure (Category: Breaking News)
- Independence Day Event at USA Embassy (Category: Breaking News)
- Pune Gas expands operations into Sri Lanka (Category: Breaking News)
- Price of Laugfs gas increased with distribution to resume (Category: Breaking News)
By Uditha Devapriya Archive images courtesy of the J. R. Jayewardene Centre The role of the journal in the Buddhist Revival in British Ceylon has never been seriously examined by scholars. Most historical accounts trace the origins of a Buddhist press to the late Dutch and early British periods. The growth of print capitalism held […]
- New wine in old bottles: Anthropologising Sinhala middle-class (Category: Breaking News)
- Teargas cinema and Rukmani Devi (Category: Breaking News)
- The role of myth: A reassessment (Category: Breaking News)
- Piyadasa Sirisena – The great revivalist (Category: Breaking News)
The successful formation of a government under the new President Ranil Wickremesinghe is an important precondition for resolving Sri Lanka’s debt defaultThe post Fitch Ratings calls for political stability in Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Sri Lanka faces uphill battle in meeting 2024 budget targets: Fitch (Category: Breaking News)
- Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ (Category: Breaking News)
By Easwaran Rutnam China has defended the loans it has offered to Sri Lanka following concerns raised by the United States. Chinese Foreign Ministry spokesman Zhao Lijian said that the cooperation between Sri Lanka and China has always followed the principle of being Sri Lanka-led. “All cooperation projects have gone through scientific planning and thorough […]
- China hails Sri Lanka’s strong rebuttal to “Chinese debt trap” (Category: Breaking News)
- China ready to work with other countries to support Sri Lanka (Category: Breaking News)
- China willing to help Sri Lanka deal with debt burden (Category: Breaking News)
- China lauds India’s ‘great efforts’ to help Lanka, says S Asia its priority (Category: Breaking News)
New govt dominated by Rajapaksa linked party
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CC’ (Category: Breaking News)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.The post IMF says Sri Lanka needs to talk with China about debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- China gives assurances to the IMF that it will support Sri Lanka’s debt restructuring (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
The head of the U.S. government aid agency called on China on Wednesday to help Sri Lanka and other nations that had borrowed heavily from Beijing with debt restructuring, not just with lines of credit and emergency loans.The post USAID chief calls on China to restructure Sri Lanka’s debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- USAID head urges crisis-hit Sri Lanka to tackle corruption (Category: Breaking News)
- Political reforms need to accompany economic reforms in Sri Lanka – Samantha Power (Category: Breaking News)
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