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[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
[…]The post ණය ප්රතිව්යුහගතකරණය, ආර්ථික කප්පාදුව හා ජාත්යන්තර මූල්ය අරමුදල: සර්වරෝගනාශකයක්ද නැත්නම් තත්වය උග්ර කරවන්නක්ද? – කොටස V appeared first on Colombo Telegraph.
- ණය ප්රතිව්යුහගතකරණය, ආර්ථික කප්පාදුව හා ජාත්යන්තර මූල්ය අරමුදල: සර්වරෝගනාශකයක්ද නැත්නම් තත්වය උග... (Category: Breaking News)
- ණය ප්රතිව්යුහගතකරණය, ආර්ථික කප්පාදුව හා ජාත්යන්තර මූල්ය අරමුදල: සර්වරෝගනාශකයක්ද නැත්නම් තත්වය උග... (Category: Breaking News)
- ණය ප්රතිව්යුහගතකරණය, ආර්ථික කප්පාදුව හා ජාත්යන්තර මූල්ය අරමුදල: සර්වරෝගනාශකයක්ද නැත්නම් තත්වය උග... (Category: Breaking News)
- ශ්රී ලංකාව – ජාතිය ගොඩනැගීම, බලය පැවරීම සහ 13 වැනි සංශෝධනය – කොටස II (Category: Breaking News)
[…]The post The Republic That Fears The Independence Of The Judiciary Even More Than Terrorism appeared first on Colombo Telegraph.
- The Proposed Anti-Terrorism Bill Amounts To A Parallel Constitution & A Criminal Procedure Code (Category: Breaking News)
- A Submission on the Making of a New Constitution (Category: Breaking News)
- A Submission on the Making of a New Constitution (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe underscored the imperative to fortify the nation’s economy, ensuring that forthcoming generations are spared from enduring the unfortunate period that both the country and its people have weathered in the past two years.The post Sri Lanka risks returning to bankruptcy within a decade unless steps taken promptly – President appeared first on ONLANKA -...
- Future generations must not be burdened with the challenging period that the nation has experien... (Category: Breaking News)
- BoI and Export Board of Sri Lanka fall short of targets (Category: Breaking News)
- President s New Year message (Category: Breaking News)
- In order for a country to develop economically, it must be open to the world – President Ranil W... (Category: Breaking News)
[…]The post Debterioration Of Nations Social Security & Protection appeared first on Colombo Telegraph.
- Covid-19 Vaccination: Who Gets, When And How? (Category: Breaking News)
- Covid-19 Vaccination: Who Gets, When And How? (Category: Breaking News)
- Failing Banks, French Turmoil & Sri Lanka’s Contraction & Confusion (Category: Breaking News)
- Sri Lanka’s Economic Crisis: Social Security In A Stake (Category: Breaking News)
The Cabinet of Ministers has approved a proposal to amend Employees’ Provident Fund (EPF) Act to ensure a minimum of 9 percent annual interest rate to members during the next four-year period (2023 to 2026) following Domestic Debt Optimisation.The post Sri Lanka to amend EPF Act to ensure 9% annual
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
- No harm to the Employee Provident Fund – Manusha (Category: Breaking News)
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
By Rathindra Kuruwita Brain drain is the worst manifestation of the country’s economic crisis, Freedom People’s Congress (FPC) member and MP, Prof. G.L Peiris, said on Thursday.Prof. Peiris said that a large number of academics had left state universities. In recent years, the number of students enrolled at the state universities had risen significantly, he […]
- University teachers to stage protest opposite UGC today (Category: Breaking News)
- FUTA warns of severe brain drain within universities (Category: Breaking News)
- Sajith: Brain drain has deprived universities of more than 50 percent of their dons (Category: Breaking News)
- Little chance of Lanka becoming knowledge hub: FUTA (Category: Breaking News)
[…]The post Speeding Up Recovery Requires Consistency appeared first on Colombo Telegraph.
- Preparing The Ground For Early Elections (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Preparing Or Posturing For Elections? (Category: Breaking News)
- Parliamentary Support Required For Effective Recovery (Category: Breaking News)
ECONOMYNEXT –Sri Lanka’s main opposition party the Samagi Jana Balawegaya (SJB) will present an amendment to the Employees’ Provident Fund (EPF) Act to ensure an equitable treatment in restructuring domestic debt, an SJB legislator said. MP Harsha de Silva told reporters on Wednesday July 12
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
- Protests against 13A used to arouse communal feelings – SJB (Category: Breaking News)
- Harsha points out “glaring injustices” in taxing EPF (Category: Breaking News)
- Sajith: EPF will lose Rs 12 trillion due to domestic debt restructuring (Category: Breaking News)
[…]The post The International Priority To Be Heeded appeared first on Colombo Telegraph.
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Consolidating Economic Recovery Needs No Referendum (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
- Second Aragalaya In The Making (Category: Breaking News)
[…]The post Domestic Debt Restructuring: An Episode In Capital’s Attack On Working People appeared first on Colombo Telegraph.
- Involuntary & Inequitable DDO (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
[…]The post The Misunderstood Taxation Of EPF & Other Superannuation Funds appeared first on Colombo Telegraph.
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
[…]The post Labour Reforms In A Time Of Great Crisis appeared first on Colombo Telegraph.
- Sri Lanka university lecturers want their issues resolved before admitting more students to univ... (Category: Breaking News)
- 10200 American scholarships on distant English learning for Univ. students. (Category: Breaking News)
- Seminar to be held to create awareness against leadership training programme for Sri Lankan univ... (Category: Breaking News)
- ACLU: Univ. of Wash. police spied on activists (Category: USA, Washington)
When the five days long stretch of holidays ended last week and the Colombo bourse reopened for trading on Tuesday, the market surged 6.71 percent (633.69 points up) on the broad All Share Price Index (ASPI) while the Standard and Poor SL 20 index covering the 20 largest and more liquid companies quoted on the […]
- Manning Market closed until further notice (Category: Breaking News)
- Stock market ends on a positive note (Category: Breaking News)
- Stock market closed for the day as S P SL20 falls (Category: Breaking News)
- Man killed in shooting incident at Manning Market (Category: Breaking News)
By Rathindra Kuruwita Unless Sri Lanka addressed its governance issues, the country would have to restructure its debt again like most countries that had unsustainable levels of corruption, Executive Director of Verité Research Nishan de Mel said in a recent televised interview. Dr. De Mel said that as the government had decided to pay the […]
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
- Govt. borrowing costs drop as Treasury bill auction interest rates take big dip (Category: Breaking News)
- JVP asks why govt. so secretive about ‘domestic debt optimisation’ (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
Government-guaranteed interest on funds - Sri Lanka Banks’ Association
- Education Department robbed (Category: Breaking News)
- Bodies of a couple found in hotel room (Category: Breaking News)
- New Supreme Court Judge sworn in (Category: Breaking News)
- Police probe death of Swiss national (Category: Breaking News)
The Sri Lanka Banks’ Association has emphasized that by optimizing domestic debt, the hard-earned funds of the working people in the country will be safeguarded from potential losses. During an interview on the ‘101 Katha’ program,produced by the Presidential Media Division, Russel Fonseka, the Chief Executive Officer of the Bank of Ceylon and a member […]
‘CBSL employees receiving higher interest rate of 29 percent’ Pivithuru Hela Urumaya (PHU) leader and dissident SLPP MP Udaya Gammanpila yesterday (04) said that though the government insisted that its Domestic Debt Optimisation (DDO) programme would have no impact on the banking sector, banks could lose as much as Rs 97 bn. Addressing the media at […]
- CBSL raises over Rs. 127 billion in treasury bond action (Category: Breaking News)
- CBSL raises over Rs. 142 Bn through Treasury Bond auction today (Category: Breaking News)
- Sri Lanka s tourism earnings in first 8 months of 2022 nears USD 900mn (Category: Breaking News)
- CBSL issues all-time high volume of treasury bills (Category: Breaking News)
[…]The post Involuntary & Inequitable DDO appeared first on Colombo Telegraph.
- Sustainable Debt & Unsustainable Democracy (Category: Breaking News)
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Politics Of Easter Investigation In A Wriggling Economy (Category: Breaking News)
- RW’s Political Rating & Fitch’s Credit Rating (Category: Breaking News)
[…]The post Non-Recurrence Requires Accountability appeared first on Colombo Telegraph.
- Ranil raises red flag over EPF, ETF in Parliament (Category: Business)
- EPF/ETF funds safe due to Domestic Debt Optimization (Category: Breaking News)
- Domestic debt restructuring will cripple EPF, ETF – JVP (Category: Breaking News)
- PB: Will Amend EPF And ETF Acts (Category: Breaking News)
by Jehan Perera President Ranil Wickremesinghe notched up another achievement when Parliament ratified the Domestic Debt Restructuring (DDR) programme with a majority of 60 votes, with 122 members voting for and 62 against, with 40 abstentions. Parliamentarians who would need to think about their re-election prospects would have been reluctant to vote for a programme […]
- Domestic debt restructuring will cripple EPF, ETF – JVP (Category: Breaking News)
- JVP Leader nails govt. on ETF, EPF balances (Category: Breaking News)
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
- Ranil raises red flag over EPF, ETF in Parliament (Category: Business)
By N Sathiya Moorthy In his Hajj message last week, President Ranil Wickremesinghe called upon all Sri Lankans to remain ‘united in a common cause to achieve our domestic, regional and global goals’. Yet, a day later, his leadership was seen as having split the political Opposition over the domestic debt restructuring issue in Parliament, indicating […]
- ‘Presidential control over DDO undermines power of Parliament’ (Category: Breaking News)
- Opposition to vote against debt restructuring plan (Category: Breaking News)
- National consensus on debt and economy, need of the hour (Category: Breaking News)
- Whoever wields power under 22-A, will Mahinda continue to ‘rule’? (Category: Breaking News)
By Shamindra Ferdinando Dissident SLPP MP Gevindu Cumaratunga has strongly opposed the government move to place the debt-restructuring programme under President Ranil Wickremesinghe’s control as the latter does not represent Parliament. Addressing Parliament on Saturday (01), the leader of civil society group ‘Yuthukama’ pointed out that the Resolution on the Domestic Debt Optimisation (DDO) was [...
- Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM (Category: Breaking News)
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
- Proposed domestic debt optimization strategy passed in Parliament (Category: Breaking News)
- SLPP dissidents ask govt. to bring back USD 35 bn ‘parked’ overseas (Category: Breaking News)
about burden falling on superannuation funds esp #EPF without […]
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- EPF to participate in Treasury Bond exchange under DDO (Category: Breaking News)
- Interest paid on EPF deposits not affected by DDR process - CBSL governor (Category: Breaking News)
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
Sri Lankan state can’t allow even a small bank to collapse because that will trigger a bank run with a devastating impact on the economy. Governor of the Central Bank of Sri Lanka CBSL) Dr. Nandalal Weerasinghe said, on Thursday night, taking part in a televised discussion. Dr. Weerasinghe said that Domestic Debt Restructuring (DDR) […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- SJB to present amendment to EPF act (Category: Breaking News)
- COPF discusses effect of domestic debt restructuring on EPF (Category: Breaking News)
Banks, which pay taxes over 50%, least affected By Sanath Nanayakkare If the Employees’ Provident Fund (EPF) and other pension funds did not wish to participate in the proposed domestic debt restructuring process, there will be an application of higher annual income tax of 30%, Central Bank
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- Involuntary & Inequitable DDO (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
Sri Lanka's banking system would not be burdened any further as it already contributes to the Treasury and economy through taxes of over 50%, the Central Bank Governor Dr. Nandalal Weerasinghe said.The post Sri Lanka’s Central Bank Governor explains debt restructuring process appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka has no alternative other than IMF – CBSL chief (Category: Breaking News)
By Shamindra Ferdinando SJB MP Dr. Harsha de Silva said that the all-party Committee on Public Finance (COPF) would have to examine the proposals presented by the Central Bank of Sri Lanka (CBSL) and the Treasury as regards the proposed domestic debt restructuring. COPF Chairman de Silva said that the CBSL and Treasury representatives appeared […]
- Harsha clarifies why the opposition opposed DDO strategy (Category: Breaking News)
- COPF further discusses DDO plan, looks into effect on superannuation funds (Category: Breaking News)
- Opp. alleges Speaker disrupts CoPF ahead of vote on CBSL Bill (Category: Breaking News)
- COPF summons Public Security Secretary and Immigration CG (Category: Breaking News)
By Rathindra Kuruwita The JVP yesterday asked the government why it had closed the banks for five days and summoned Parliament without an Order Paper if it was confident that the domestic debt restructuring would have no detrimental impact on the people. JVP’s Dr. Nalinda Jayatissa told journalists in Colombo that the government had a […]
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Inland Revenue and Appropriation Acts to be amended in line with debt restructuring (Category: Breaking News)
- Govt. still undecided about domestic debt restructuring methods (Category: Breaking News)
[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.
- Planning For A Year Of Elections (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- To Be Realistic, There Are Only Two Options (Category: Breaking News)
- Liberal Or Edible Economics: Global Disorder Worst In A Century (Category: Breaking News)
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