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World Bank Chief David Malpass during a meeting with President Ranil Wickremesinghe, encouraged the President to continue engaging with Sri Lanka’s official bilateral and private sector creditors to promptly agree on debt restructuring.The post Continue engaging with Sri Lanka’s official bilateral, private sector creditors – World Bank Chief tells Ranil appeared first on Sri Lanka News...
- World Bank assures Sri Lanka support (Category: Breaking News)
- World Bank calls for quick restructuring of Sri Lanka’s debt (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
The World Bank has assured Sri Lanka support to rebuild the economy. World Bank Group President David Malpass met President Ranil Wickremesinghe in Sharm el-Sheikh, Egypt on the sidelines of the COP27 climate change conference. Malpass and President Wickremesinghe discussed the challenging macroeconomic and social situation in Sri Lanka and the urgent need to stabilize […]
- Continue engaging with Sri Lanka’s official bilateral, private sector creditors – World Bank Chi... (Category: Breaking News)
- World Bank calls for quick restructuring of Sri Lanka’s debt (Category: Breaking News)
- Ranil proposes establishing international climate change university in Sri Lanka (Category: Breaking News)
- World Bank calls on Sri Lanka to stay the course on reforms (Category: Breaking News)
Sri Lanka s earnings from tourism during the period from January 2022 to October 2022 surpassed USD 1 billion mark, the Central Bank of Sri Lanka (CBSL) says.
By Ifham Nizam The Centre for Environmental Justice (CEJ) Director and Senior Advisor Hemantha Withanage has brought to the attention of the Asian Development Bank (ADB) President Masatsugu Asakawa destruction that elephants are wreaking due to the Moragahakanda and Upper Elahera projects built with ADB funds. “We would like to bring to your attention the […]
- Thondaman to announce new tariff structure in line with ADB project (Category: Breaking News)
- Part of USD 200 mn ADB loan spent on cash assistance scheme for paddy farmers (Category: Breaking News)
- Safari operators causing trouble to elephant “Gathering” in the Minneriya Park (Category: Breaking News)
- Wide ranging rackets benefiting CEB engineers (Category: Breaking News)
"Do not increase taxes for IT, or for tourism," said Premadasa.
- Sri Lanka likely to go ahead with new income tax regime, but president “ready to discuss” (Category: Breaking News)
- Sri Lanka president, main opposition SJB to hold talks on August 05 (Category: Breaking News)
- Sri Lanka main opposition demands to know if COPE, COPA chairs will be theirs (Category: Breaking News)
- Sri Lanka PM must present fiscal consolidation plan, go for SOE reform: opposition MP (Category: Breaking News)
[…]The post How Lanka Can Benefit From A Global Recession appeared first on Colombo Telegraph.
- Prospects For Global Capitalism: 2023 & After (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
[…]The post Go Set A Watchman appeared first on Colombo Telegraph.
- Qualified Candidates Essential For System Change (Category: Breaking News)
- Chasing The Mirage Of National Reconciliation (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Musings On A New Constitution (Category: Breaking News)
Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
- Sri Lanka has asked to be de-gradudated to get IDA loans from World Bank (Category: Breaking News)
- Sri Lankan President proposes ADB to establish International University on Climate Change in Sri... (Category: Breaking News)
- Sri Lankan President explains Government’s tax policy while revealing the cause of inflation (Category: Breaking News)
- Proposal for Sri Lanka to downgrade itself to low-income country (Category: Breaking News)
Financial account flows are facing outward pressure
- Sri Lanka removes ban on open account food imports (Category: Breaking News)
- Sri Lanka runs BOP deficits on borrowed money (Category: Breaking News)
- Sri Lanka schedules 3 hour power cuts for August 23 (Category: Breaking News)
- Sri Lanka in talks for credible deal with IMF to meet creditors (Category: Breaking News)
The Dialog Axiata said it had partnered with Sampath Bank to launch a US dollar pre-paid fuel card to tourists which can top up to a maximum of 300 US dollars and use to pump fuel as the country grapples with a severe currency crisis.Sri Lanka is suffering the worst bout of monetary instability in […]
- SC recommends further streamlining fuel distribution through SLTB (Category: Breaking News)
- QR code for issuance of fuel further delayed (Category: Breaking News)
- Police arrest more suspects for illegally storing and selling fuel (Category: Breaking News)
- AG ordered to submit proper fuel distribution mechanism for essential services (Category: Breaking News)
Sri Lanka also hit by import control
- Neighbourly Investment (Category: Business)
- Ocean Quake (Category: Business)
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- Sri Lanka bourse slips ahead of policy rates, IMF (Category: Breaking News)
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, underscoring the need for Sri Lanka to build resilience.The post Debt res...
- Depth of crisis affirms Sri Lanka needs new economic development model: World Bank (Category: Breaking News)
- World Bank approves Sri Lanka’s eligibility to access concessional financing (Category: Breaking News)
- World Bank approves $150 million to strengthen financial sector in Sri Lanka (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
The World Bank warned that Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic. Debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, […]
- World Bank approves Sri Lanka’s access to concessional financing (Category: Breaking News)
- Bangladesh expects Sri Lanka to repay $200 million by March 2023 (Category: Breaking News)
- World Bank suspends financing to Sri Lanka (Category: Breaking News)
- IMF reiterates prior actions Sri Lanka must take to approve funds (Category: Breaking News)
‘Previous govt. printed money excessively’ By Saman Indrajith The government would start discussions on debt restructuring with China in earnest after the 20th National Congress of the Chinese Communist Party that starts on 16 October, President Ranil Wickremesinghe said yesterday in Parliament.The President added that preliminary discussions with China had already begun. “Japan has agreed [...
- Lanka will discuss debt restructuring separately with China-minister (Category: Breaking News)
- High interest rates keeping businesses afloat – CB Governor (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
- Govt. finally allows Chinese ship visit (Category: Breaking News)
Sri Lanka has launched the Tourist Fuel Pass, Prepaid Card system yesterday (October 05), allowing foreign tourists coming to Sri Lanka to be able to get fuel according to their needs, outside the QR Code system.The post Sri Lanka introduces Tourists Fuel Pass for foreign travelers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka introduces Tourists Fuel Pass for foreign travelers (Category: Breaking News)
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
- 101,362 tourist arrivals to Sri Lanka in the first 15 days of 2024 (Category: Breaking News)
- Sri Lanka started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively.The post Central Bank of Sri Lanka maintains policy interest rates unchanged appeared first on Sri Lanka N...
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
The card can be topped up in increments of 50 US dollars up to US$300
- Price Balance (Category: Business)
- Petrol Hike (Category: Business)
- Fuel prices increased in Sri Lanka (Category: Breaking News)
- Fuel Protests (Category: Business)
A high probability that inflation will peak around 75-pct and start to fall
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
- Central Bank of Sri Lanka expects economic recovery in 2023 (Category: Breaking News)
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Ranawaka: It’s possible to prosecute those who bankrupted country (Category: Breaking News)
Cinnamon Hotels and Resorts recently won deserved recognition for its climate stewardship and active role in rainforest restoration as the recipient of the Asia-Pacific Nature-based initiative of the year award at the Environmental Finance’s Sustainable Company Awards 2022. Launched in July 2021, the Cinnamon Rainforest project is an initiative spearheaded by Ruk Rakaganno in partnership [...
- Cinnamon Hotels & Resorts signs MoU with Vocational Training Authority (Category: Breaking News)
- Cinnamon Hotels & Resorts recognized at PATA Awards 2022 for ‘Meals that Heal’ (Category: Breaking News)
- Cinnamon Hotels And Resorts Holds Winning Streak At SATA 2022 (Category: Breaking News)
- Cinnamon Hotels & Resorts and Mintpay Join Forces to Transform Travel Payment Solutions (Category: Breaking News)
By Ifham Nizam Instead of offers on debt cancellation, the Asian Development Bank (ADB) President Masatsugu Asakawa assured that they would provide more support to Sri Lanka to get out of the economic crisis.The ADB chief was responding to Hemantha Withanage, who was representing the Centre for Environmental Justice (ECJ) on behalf of the NGO Forum on ADB and other civil […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- Chinese loans: Debt restructuring to commence in earnest after 20th National Congress of CPC (Category: Breaking News)
- GR govt. ignored Chinese lenders’ request for debt restructuring (Category: Breaking News)
The ‘atingi’ eAcademy is a digital learning platform, providing users with the opportunity to develop their knowledge in the tourism and hospitality sector. Introduced by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the e-learning platform caters to anyone interested in upskilling their knowledge on tourism and hospitality-related topics including line staff, management prof...
- Netherlands Embassy and IWMI to organize joint climate change dialogue (Category: Breaking News)
- Wiley Sri Lanka employees indulge in beach cleanup activity (Category: Breaking News)
- Cinnamon Hotels & Resorts signs MoU with Vocational Training Authority (Category: Breaking News)
- Sri Lanka identifies India as important source market for tourism (Category: Breaking News)
The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]
- Sri Lanka will be secured if India is secured - Gopal Baglay (Category: Breaking News)
- India hoping for early solution for Sri Lankan crisis through democratic means (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- U.S. announces additional $5.75 Mn in response to Sri Lanka s economic crisis (Category: Breaking News)
Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring negotiations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts (Category: Breaking News)
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka securing a […]
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- SC allows proceedings against GR, MR to proceed (Category: Breaking News)
- Sri Lanka’s Chinese-built Lotus Tower limits visiter time to 20 minutes (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
The ‘atingi’ eAcademy is a digital learning platform, providing users with the opportunity to develop their knowledge in the tourism and hospitality sector. Introduced by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the e-learning platform caters to anyone interested in upskilling their knowledge on tourism and hospitality-related topics including line staff, management prof...
- Introducing for the first time in Sri Lanka, the ‘atingi’ eAcademy for tourism and hospitality (Category: Breaking News)
- Sri Lanka tourism finds new ways to cater to visitors from Middle East (Category: Breaking News)
- Brain drain impediment to hospitality industry – Dr.Jayasinghe (Category: Breaking News)
- ‘2023, one of Sri Lanka’s best recovery years; tourism will support country re-building’ (Category: Breaking News)
Crisis-hit Sri Lanka is desperately looking for tourism earning to finance its imports
- Lankan exports to Poland increase (Category: Breaking News)
- US$ 150mn additional cost dampens exports (Category: Breaking News)
- Sri Lanka continued strong economic recovery says IMF (Category: Breaking News)
- Sri Lanka police offered Rs. one million reward for information that could lead to an arrest of ... (Category: Breaking News)
Sri Lanka s earnings from tourism in the first 08 months of 2022 has increased to USD 892.8 million or Rs. 246 billion, according to the Central Bank s latest statistics.
By Krishantha Prasad Cooray In many ways, the economic collapse of Sri Lanka became a near certainty in the weeks after Gotabaya Rajapaksa was elected President. In hindsight, it is clear to all that his government’s number one priority was consolidating their power and punishing those it saw as its enemies. Their next priority was […]
- CBK points finger at her successors as SLFP leader (Category: Breaking News)
- Of that crab dance (Category: Breaking News)
- Aragalaya: People’s Response To Rajapaksa-Made Crisis (Category: Breaking News)
- From Crisis Prime Minister To Put Down President (Category: Breaking News)
"We need to provide the right product and think out of the box in this segment. It's highly competitive."
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
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