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- Breaking News (324)
Sri Lanka’s gross official reserves were estimated at US dollars 1.7 billion as of end October 2022, including the swap facility from the People’s Bank of China, equivalent to around US dollars 1.4 billion, which has certain conditionalities on usability, the Central Bank of Sri Lanka said today. The Central Bank said that the merchandise […]
- Sri Lankan Rupee depreciates even further against the USD (Category: Breaking News)
- Sri Lanka’s liquid reserves continues to remain significantly low (Category: Breaking News)
- Samarasinghe briefs President Joe Biden (Category: Breaking News)
- Ranil denies meeting Arjuna Mahendran in Singapore (Category: Breaking News)
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Over 400 respond (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate anovel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka. According to this arrangement, beneficiaries in Sri Lanka, especiallyservice providers, exporters etc. will be able to receive fundsquickly and cost effectively. [...
- Parliament approves appointment of Sri Lanka’s new HC to Maldives (Category: Breaking News)
- Singer secures 18th consecutive ‘People’s Brand of the Year’ Award at SLIM-KANTAR PEOPLE’S AWARD... (Category: Breaking News)
- Parliament approves appointment of new Foreign Secretary (Category: Breaking News)
- Prime Wins Gold in Land and Property Sector at TAGS Awards 2022 (Category: Breaking News)
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
- Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka (Category: Breaking News)
- Urgent measures needed to halt exodus of skilled personnel (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (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)
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)
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)
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (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)
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)
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)
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population is food insecure and that one out of […]
- Sri Lanka urges farmers to plant more rice amid crisis (Category: Breaking News)
- Sri Lanka to introduce anti-hoarding laws for food stocks – PM (Category: Breaking News)
- FAO to provide Urea, cash for crisis-hit Sri Lankan small-hold farmers (Category: Breaking News)
- As Crisis-Hit Sri Lanka Counts Cost of Chinese Projects, India Moves to Recover Influence (Category: Breaking News)
By Rathindra Kuruwita Those who claimed that privatisation was the panacea for Sri Lanka’s economic ills had to present information about privatise institutions first, Janatha Vimukthi Peramuna (JVP) leader Anura Kumara Dissanayake said on Wednesday at a conference on privatisation of state assets. Dissanayake said that the SLPP had campaigned in 2019 and 2020 on a […]
- AKD: JVP-led NPP will not undermine India’s national security (Category: Breaking News)
- SJB opposes blanket privatisations (Category: Breaking News)
- JVP urges youth not to leave country, but to stay and fight (Category: Breaking News)
- Govt. resorting to uncivilised measures to delay polls – JVP (Category: Breaking News)
Shares have been on the rise mainly on positive sentiment after the IMF comments.
- Sri Lanka sells Rs80bn in mostly 3-month bills, down 18bp (Category: Breaking News)
- Sri Lanka sell Rs60bn mostly in 3-month bills, yield up (Category: Breaking News)
- Sri Lanka debt office raises 21 pct of required debt via T-bills (Category: Breaking News)
- Sri Lanka Bairaha Farm’s profit soars over 200% on rising chicken price (Category: Breaking News)
Market sees over 600 million rupees of net foreign inflow
- 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)
We can make the Mannar Island like entertainment location like Macau island
- 8 hoping to visit Australia arrested at Mannar (Category: Breaking News)
- Words of Wisdom (Category: Business)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- India to assist restoration of Thiruketheeswaram Temple (Category: Breaking News)
Arrivals down 20 percent in August compared to July.
- Tourist Trends (Category: Business)
- Travel Trend (Category: Business)
- Tourist arrivals up in August (Category: Breaking News)
- Tourist arrivals up by 29% in August (Category: Breaking News)
For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public […]
- All praise for Lanka’s saviours! (Category: Breaking News)
- Shocking claim in House: Bandula reveals how sugar importers, their henchmen trapped Prez (Category: Breaking News)
- Herath: COPE dissolution must not hinder probe into economic crisis (Category: Breaking News)
- The fall of Pohottuwa govt. (Category: Breaking News)
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