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Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB funding post-IMF approval – official appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...
- Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- Asian Development Bank vows more help for crisis-hit Sri Lanka (Category: Breaking News)
- World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) together with the Foreign Employment Bureau (SLBFE), through licensed commercial banks, commenced popularizing the new ÂManusavi Migrant Worker Loan Scheme from Monday (Dec.04).
Hirun recalled after impressive performance for St. Joseph’s by Reemus Fernando Trinity College spinner Dinuka Tennakoon has found a place in the Sri Lanka Under 19 team for the upcoming Under 19 Asia Cup while St. Joseph’s College opener Hirun Kapurubandara has been recalled after being sidelined for the previous youth assignment. Left-arm spinner Tennakoon […]
- Sri Lanka Under 19s start Asia Cup campaign against Japan (Category: Breaking News)
- Richmond, Trinity clash for Under 19 Division I Tier ‘A’ cricket title (Category: Breaking News)
- Sri Lanka Under 19s tour UAE under Daniel’s captaincy (Category: Breaking News)
- St. Joseph’s have a slight edge over Trinity (Category: Breaking News)
[…]The post Climate Colonialism At CoP 28: Carbon Laundering Via Green Bondscams? appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean (Category: Breaking News)
[…]The post Resolving Systemic Debt Crises Needs A Paradigm Shift appeared first on Colombo Telegraph.
- IMF & Global Debt Crises (Category: Breaking News)
- Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table (Category: Breaking News)
- Lasantha Wickrematunge’s Assassination: Empty Promises Of Accountability (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
MMBL Money Transfer Services (Joint Venture between Aitken Spence and Mercantile Merchant Bank), the largest representative of industry giant Western Union in Sri Lanka, held an inauguration ceremony recently to celebrate its milestone of reaching its 3,000-payout outlet, located in Colombo -06. Mr. Jean Claude Farah, President, Middle East and Asia Pacific, Western Union; Ms. […]
- MMBL Money Master agents glow at ‘WU and YOU Sri Lanka 2011’ (Category: Business)
- CB refuses to renew money changing permits for Salaka and 14 others (Category: Breaking News)
- Material Recovery Facility commissioned in Negombo (Category: Breaking News)
- MMBL expands Western Union Money Transfers network with Softlogic Finance tie-up (Category: Business)
[…]The post A Political Imperative appeared first on Colombo Telegraph.
- Ranil’s Perilous Authoritarian Alternative (Category: Breaking News)
- Futility Of “Ranilnomics” Without Systemic Change (Category: Breaking News)
- Economy, 13th Amendment & System Change (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon’s Rs 6 billion Debenture Issue, opening on December 12th 2023, a Commercial Bank press release said. The release adds: ‘The Bank has announced an initial issue of 60 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated […]
- ‘Siyapatha Finance to issue LKR 4 billion debentures, reinforcing commitment to growth’ (Category: Breaking News)
- ComBank raises Rs 12 bn. as Debentures are snapped up on opening day (Category: Breaking News)
- No takers for COMBank’s Rs. 1 b debenture (Category: Business)
- CSE commences trading for 2012 with three listings (Category: Business)
By Hiran H.Senewiratne The investor sentiment at the Colombo Stock Exchange (CSE) was positive throughout yesterday due to the successful conclusion of external creditors’ bilateral agreement with the government on the external debt restructuring exercise, market analysts said. Due to these developments banking sector counters showed a significant improvement anticipating Rating Agencies would upg...
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- Some across-the-board sales at CSE following dampening of investor sentiment (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (Category: Breaking News)
- Lanka IOC and banking sector stocks propel bourse to positive trajectory (Category: Breaking News)
In a significant move towards infrastructural development, the renovation of dilapidated rural roads across the country is planned to commence next week, Minister of Transport, Highways & Mass Media said on Thursday (November 30).The post Sri Lanka Secures Rs. 20 Billion from Asian Development Bank for Rural Road Renovations appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top S...
- All road users in Sri Lanka to pay a toll (Category: Breaking News)
- Fortune Lanka Tours and Travel handles Japanese group (Category: Business)
- Interconnected (Category: Business)
- Sri Lanka to commence new rural development programme (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)
- “Minimum Estate Labour Wages” & Other Related Matters (Category: Breaking News)
- An Attempt To Prioritise National Needs (Category: Breaking News)
- On “Reaching For The Stars” & Some Troubling Issues (Category: Breaking News)
Minister of Transport and Highways and Minister of Mass Media Dr Bandula Gunawardena at a press briefing held at the Presidential Media Center today (30) said that the earliest Sri Lanka can recover from bankruptcy is in 2027, at which time it is envisaged that the countries foreign reserves which stand at USD 3.5 billion […]
Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The post IMF says Sri Lanka debt deal could help board clear first bailout review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF board approves first review of Sri Lanka’s nearly $3 billion bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
By Hiran H. Senewiratne The trading activities at the Colombo Stock Exchange witnessed a positive trend yesterday after a negative streak in the past few days, following the much anticipated debt restructuring deal between Sri Lanka and its official creditors. “The Official Creditor Committee (OCC) and Sri Lanka agreed on the main parameters of a […]
- CSE wraps up the week on a positive note (Category: Breaking News)
- Treasury Bill rate hikes notably as investors switch to govt. securities (Category: Breaking News)
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- CSE indices hike to record levels; turnover touches Rs. 4.17 billion (Category: Breaking News)
Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.The post Sri Lanka needs $100 billion to become net zero emitter by 2040, president says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka needs $100 billion to become net zero emitter by 2040, president says (Category: Breaking News)
- Govt. allocates 600 acres for proposed International Climate Change University (Category: Breaking News)
- Sri Lanka Commits to Net Zero Carbon Emissions by 2040 While Pursuing Economic Goals (Category: Breaking News)
- President Calls for Unified Environment, Climate Change Law at Sri Lanka Climate Summit (Category: Breaking News)
SLPP leader Mahinda Rajapaksa yesterday (28) hit back at critics, claiming that a robust economy had been built under his presidency. He said the UNP-SLFP government which ruled the country during the 2015-2019 period should be held responsible for the current economic crisis. The following is the text of a statement, titled ‘the origins of […]
- Sri Lanka Shippers’ Council perturbed by rescinding of Gazette No. 2014/10 of Oct. 2017 (Category: Breaking News)
- The Origins Of Sri Lanka’s Economic Crisis (Category: Breaking News)
- Ceylon Chamber identifies opportunities in Brazil during FIFA 2014 and Olympics 2016 (Category: Business)
- Expo 2014 coming next (Category: Business)
By Rathindra Kuruwita The Cabinet of Ministers has approved the signing of a loan agreement with the Asian Development Bank to borrow 60 million US dollars to complete the Integrated Road Investment Program (IRIP), cabinet spokesman Bandula Gunawardena told reporters on Tuesday. Addressing a press conference, Gunawardena said the IRIP was implemented using loan funds […]
- IMF final review discussion with President today (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
- U.S. commits USD 40M loan to support small businesses, empower Sri Lankan women (Category: Breaking News)
[…]The post The Origins Of Sri Lanka’s Economic Crisis appeared first on Colombo Telegraph.
- Video: Out & About 14th August 2014 (Category: Video)
- Video: Out & About 2014 09 04 (Category: Video)
- Video: 240714glasgow 2014 (Category: Video)
- Video: Today 21st November 2014 (Category: Video)
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
- IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds of thousands of signatures for its […]
- SJB blames Rajapaksas for impending financial burden on public, calls for Government change (Category: Breaking News)
- Economy, debates and hard facts (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
ECONOMYNEXT –Former minister, MP Rauff Hakeem has opposed Sri Lanka’s plans to send 10,000 workers to belligerent Israel.Cabinet spokesman minister Bandula Gunawardena said this week that cabinet approved a plan to send workers to Israel’s agriculture sector. “Sending our workers to a country that is committing war crimes is like sending workers to Nazi Germany, […]
- Labour Minister: Govt. won’t heed demand for severing diplomatic ties with Israel, halt sending ... (Category: Breaking News)
- SL workers to be given military training in Israel – Hakeem (Category: Breaking News)
- Hakeem asks govt. to tell Israel to stop genocide in Gaza (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
Supermarket manager Laknath Dias says the economic crisis in his native Sri Lanka is too much for him to bear. He is getting ready to fly to Israel in December to work as a farmhand for nearly 10 times the pay, despite the war with Hamas.The post Thousands of Sri Lankan workers set to depart for Israel despite war appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka signs agreement to send workers to Israel (Category: Breaking News)
- Detained Sri Lankan women in Israel to be sent back to Jordan (Category: Breaking News)
- Israel’s Sri Lankans will be evacuated if needed – Minister (Category: Breaking News)
- Missing Sri Lankan woman in Israel confirmed dead (Category: Breaking News)
New UK Foreign Secretary David Cameron has been questioned by the Labour Party over his links to the Colombo Port City. Speaking at the House of Commons, Labour MP Siobhain McDonagh said that since the Foreign Secretary was last in office, he has been working for a Chinese state enterprise that was sanctioned by the US […]
- UK urged to impose sanctions on Shavendra Silva and Jagath Jayasuriya (Category: Breaking News)
- Port City Colombo to be positioned as alternate to Singapore, Dubai (Category: Breaking News)
- Former UK PM to promote Colombo Port City in UAE (Category: Breaking News)
- EU says starvation in Gaza being used as a weapon (Category: Breaking News)
By Shamindra Ferdinando Foreign Minister Ali Sabry, PC, yesterday said that Parliament like other institutions should bear responsibility for the unprecedented economic crisis caused during President Gotabaya Rajapaksa’s administration. Minister Sabry said so when The Island sought his response as regards the responsibility of Parliament for the developing situation against the backdrop of the cou...
- Crisis: Sabry faults ‘handful of persons’ but won’t accept charge of economic crimes (Category: Breaking News)
- Sabry questions insistence of interested parties to cremate bodies of Covid-19 victims (Category: Breaking News)
- ‘War crimes’: Not only individuals but also entire fighting divisions ‘blacklisted’ – Foreign Mi... (Category: Breaking News)
- Kanchana’s warning to restrict fuel supplies irrelevant, all imports already disrupted-SJB (Category: Breaking News)
By Shamindra Ferdinando Top SJB spokesman Dr. Harsha de Silva on Monday (20) dismissed Justice Minister Dr. Wijeyadasa Rajapakshe’s claim that well over USD 56.5 bn had been parked overseas by some exporters. Dr. de Silva also contradicted claims made by rebel SLPP MPs Vasudeva Nanayakkara, Wimal Weerawansa and Gevindu Cumaratunga on the matter. The […]
- USD 56.5 bn parked overseas: Govt. must deal with errant exporters firmly – Justice Minister (Category: Breaking News)
- Response to economic revival plan pathetic: Harsha disappointed (Category: Breaking News)
- SJB warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
Sri Lanka's consumer price inflation rose to 1% in October year-on-year from 0.8% in September, the statistics department said on Tuesday.The post Sri Lankan inflation rises to 1% in October 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)
- CCPI based inflation drops to 66% in October (Category: Breaking News)
- Sri Lanka’s inflation slows down to 70.6% in October 2022 (Category: Breaking News)
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
By C. A. Chandraprema The judgement delivered by a divided five-member bench of the Supreme Court with regard to two fundamental rights cases numbered 195/2022 and 212/2022 filed by several individuals including Mahim Mendis, Chandra Jayaratne, Julian Bolling and the NGO Transparency International has stirred up a political storm. The majority judgment was delivered by […]
- Is Speaker’s announcement consistent with SC determination? (Category: Breaking News)
- SC ruling on economic crisis: Parliament also responsible, says Foreign Minister (Category: Breaking News)
- Economic way forward; corruption; stunning SC ruling (Category: Breaking News)
- SC ruling on economic meltdown: Lacille wants wrongdoers appropriately dealt with (Category: Breaking News)
by Ahilan Kadirgamar Sri Lanka is going through its worst economic crisis since the 1930s, and the stabilisation policies of the Government could drastically change the political economic landscape of the country. Amidst these changes underway, education more broadly and the university system in particular, have come under considerable strain. In this column, I analyse […]
- Say no to NEPF! Say no to abolishing free education! (Category: Breaking News)
- Universities in crisis: Key learnings (Category: Business)
- The Long March To Nowhere (Category: Breaking News)
- Navigating challenges of dental education in Sri Lanka (Category: Breaking News)
[…]The post Target 2048 Requires Sri Lanka To Develop A Viable Creative Capital Base appeared first on Colombo Telegraph.
- Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality (Category: Breaking News)
- Target 2048 – Go For Creative Capital And Not For Mere Human Capital (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
[…]The post Still, The Mirage appeared first on Colombo Telegraph.
- Pyromaniacs On The March (Category: Breaking News)
- The Smell Of Terror (Category: Breaking News)
- Shades Of An Undead Past (Category: Breaking News)
- Conspiracy There Was, In Enthroning Gota; Not In Dethroning Him! (Category: Breaking News)
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