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The Sri Lankan government is set to unveil a new standard operating procedure (SOP) for visits by foreign ships or aircraft, including military assets, as part of efforts to address India s concerns over port calls by Chinese vessels, people familiar with the matter said.
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)
[…]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)
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)
By Rathindra Kuruwita The Government Medical Officers’ Association (GMOA) central committee, on Wednesday (27), decided to take legal action against any unlawful attempts by the government to harass doctors who are leaving the country, Secretary of the GMOA, Dr. Haritha Aluthge said. Dr. Aluthge told The Island that the GMOA had been asking the government, […]
- Doctors across the island to stage protest today (Category: Breaking News)
- President receives GMOA s proposal on solutions for health sector issues (Category: Breaking News)
- Docs to boycott VIP ambulances and clinics organised by politicians (Category: Breaking News)
- GMOA to resort to strict measures if doctors not provided solutions (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)
There was a pall of silence over who accompanied our President to the Big Apple for the Big Meeting of the United Nations. Hence our curiosity was roused, minds scratched around for news. Cassandra WhatsApped a good friend of hers now living in California and asked her whether she knew who accompanied our Prez. We […]
- Thus spake Prez (Category: Breaking News)
- Prez says he is neutral (Category: Breaking News)
- Thus spake Prez (Category: Breaking News)
- Thus spake Prez (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)
Fitch Ratings has upgraded Sri Lanka s Long-Term Local-Currency Issuer Default Rating (IDR) to CCC- from RD (Restricted Default). 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- .
- Uber collaborates to fight human trafficking (Category: USA, Mississippi)
- Uber collaborates to fight human trafficking (Category: USA, Mississippi)
- Credit Upgrade (Category: Business)
- Chinese Weakness (Category: Business)
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)
Mrs. Diana Gamage, the Minister of State for Tourism announced plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the year’s end. She emphasized the government’s commitment to ensuring the safety of tourists and mentioned initiatives such as establishing taxi associations to enhance the visitor experience.
- Fleurieu crowds go with the flow (Category: South Australia)
- Going ape (Category: Technology)
- Eastern Eye (Category: Business)
- Sri Lanka seeks more Saudi tourists (Category: Breaking News)
By Shamindra Ferdinando Chairman of the Parliamentary Oversight Committee on National Security, Rear Admiral (retd.) Sarath Weerasekera has told Speaker Mahinda Yapa Abeywardena that the US should not deny a visa to an MP nominated by the Sri Lankan Parliament to join an official delegation unless he/she posed a threat to US interests. In a […]
- US delaying visa for Security Oversight Committee head (Category: Breaking News)
- Sarath draws RW’s attention to humiliation of military officers (Category: Breaking News)
- US funding for House project (Category: Breaking News)
- Oversight Committee on National Security condemns blacklisting of Karannagoda (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)
Sri Lanka Tourism Development Authority (SLTDA) announced yesterday that daily tourist arrivals averaged 3,700. It said the millionth tourist for the year had arrived in the country on Tuesday (26). Sri Lanka has recorded 88,883 foreign tourist arrivals for the month by 26 September and earned Rs 416 billion from tourism during the first eight […]
- Sri Lanka s tourist arrivals in December surpass 200,000 (Category: Breaking News)
- Sri Lanka just short of 2023 tourism target but arrivals up by 106.6% (Category: Breaking News)
- Sri Lanka records over 100,000 tourist arrivals for three consecutive months (Category: Breaking News)
- Over 100,000 tourist arrivals recorded in Sri Lanka for January 2023 (Category: Breaking News)
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.
Minister of State for Tourism Mrs. Diana Gamage at a press conference themed ‘Collective path to a stable country’ at the Presidential Media Centre today (27) announced plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the year’s end. She emphasized the government’s commitment to ensuring the safety […]
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)
Sri Lanka is to create cities that never sleep by revising certain regulations in an attempt to boost tourism. Minister of State for Tourism Diana Gamage said that the country has plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the end of this year. She emphasized the […]
- Diana wants a better night life for Sri Lanka (Category: Breaking News)
- Overseas travel ban on Diana Gamage extended (Category: Breaking News)
- Overseas travel ban imposed on Diana Gamage (Category: Breaking News)
- Diana files complaint against MP for calling her a b**** (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)
President Ranil Wickremesinghe left for Germany early this morning (27) to participate in the Leaders Dialogue session, the inaugural event of the ‘Berlin Global Dialogue.’ This global high-level forum gathers influential decision-makers and leaders from the realms of politics, business and society, alongside young visionaries. At the Dialogue’s commencement, President Wickremesinghe is slated to ...
- President in New York to attend UN General Assembly (Category: Breaking News)
- Singapore’s Prime Minister keen to deepen ties with Sri Lanka (Category: Breaking News)
- Ranil writes to Modi congratulating him on moon landing (Category: Breaking News)
- Debt restructuring to be completed before polls (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)
Foreign Minister Ali Sabry on Monday (25) said that terrorists had found safe haven in Canada and the Canadian Prime Minister Justin Trudeau had come out with the outrageous allegations against India without any proof. Sabry was reacting to the ongoing diplomatic row between India and Canada. Speaking exclusively to ANI, Sabry said he was […]
- ÂTerrorists found safe haven in CanadaÂ- Minister Sabry hits out at PM Trudeau (Category: Breaking News)
- The India – Canada spat (Category: Breaking News)
- Genocide Day’ controversy : SL registers protest with Canadian HC (Category: Breaking News)
- Canadian PM Trudeau accused of electoral vote bank politics (Category: Breaking News)
India consulted, concerns raised by US Foreign Minister Ali Sabry, PC, has denied that the government granted permission for Chinese research vessel Shi Yan 6 to visit the Colombo port late next month. Sabry told the media in New York on Monday (26) that Colombo had not given permission for the Chinese vessel to dock. […]
- Chinese research vessel permitted to make port call in Sri Lanka in Nov. (Category: Breaking News)
- Permission not given to Chinese ship to dock, India s concerns important- Sabry (Category: Breaking News)
- Chinese research vessel Shi Yan 6 to reach Colombo today (Category: Breaking News)
- Permission not given to Chinese ship to dock, India’s concerns important: Sabry (Category: Breaking News)
About 40 Foreign Direct Investment (FDI) contracts suspended due to the economic crisis would be re-contracted as foreign investors had expressed their willingness to do so, Investment Promotion State Minister Dilum Amunugama said on Monday (25) in Kandy. Amunugama said the government expected to attract about 2 billion US dollars this year as FDIs. The […]
- Japanese FM Kamikawa due here (Category: Breaking News)
- New Foreign Secretary Aruni Wijewardane assumes duties (Category: Breaking News)
- FEB Tracks Illegal Employment (Category: Breaking News)
- Sirisena boasts of his successful foreign policy to current rulers (Category: Breaking News)
Sri Lankan Foreign Minister Ali Sabry on Monday said that Colombo has not given permission to a Chinese vessel to dock, adding that Indian security concerns are “important” for Sri Lanka.The post Permission not given to Chinese ship to dock, India’s concerns important: Sabry appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Permission not given to Chinese ship to dock, India s concerns important- Sabry (Category: Breaking News)
- Chinese research vessel ‘Shi Yan 6’ to dock in Colombo today (Category: Breaking News)
- Chinese ship visit: Sabry contradicts Defence Ministry (Category: Breaking News)
- Chinese research vessel permitted to make port call in Sri Lanka in Nov. (Category: Breaking News)
S&P Global Ratings on Monday (Sept. 25) raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to ‘CCC+/C’ from ‘SD/SD’ (selective default).The post S&P raises Sri Lanka local currency ratings to ‘CCC+/C’, says outlook stable appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka sovereign rating at SD but ISBs downgraded to ‘D’ by S&P (Category: Breaking News)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- S&P lowers Sri Lanka’s sovereign rating to Select Default grade (Category: Breaking News)
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