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Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza appeared first on Colombo Telegraph.
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
[…]The post The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems appeared first on Colombo Telegraph.
[…]The post Isn’t It Time For Sri Lanka To Expel Israelis? appeared first on Colombo Telegraph.
A 54-year-old man who headed a financial institution that had not been approved by the Central Bank was arrested on Thursday for defrauding 9.9 billion rupees.The name of the unauthorised financial company is Eyon Lanka Investment and Film Production International Company (Pvt.) Limited. The suspect was arrested by officers of the Financial and Commercial Crime […]
Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]
[…]The post Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth appeared first on Colombo Telegraph.
Confusion confounded: By Jehan Perera President Wickremesinghe’s appointment of a commission of inquiry to investigate existing election laws and regulations and recommend changes has come without prior discussion or warning. It was a carefully kept secret until brought to the notice of the general public by the president’s appointment of the commission. The commission has […]
[…]The post Regular Elections Are The Foundation Of Democratic Society appeared first on Colombo Telegraph.
[…]The post Climate Change: A Red Flag For Environmental Security In Sri Lanka appeared first on Colombo Telegraph.
‘The Foreigners’ exhibition by the Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka) closed on 22 October, after a successful six-month run at the museum located on the ground floor of Crescat Boulevard, Colombo 3. The show attracted 10,377 visitors, including 489 students from schools and higher educational institutes across the country. […]
[…]The post Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality appeared first on Colombo Telegraph.
[…]The post The Cauldrons We Make appeared first on Colombo Telegraph.
The Ceylon Chamber of Commerce (CCC) has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). “This agreement is set to grant Sri Lanka access to the second tranche, approximately US$330 million in financing, pending […]
The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track debt restructuring, State Minister of Finance Shehan Semasinghe said. “This was much needed to strengthen economic stability, and after the IMF’s executive board approves [it], Sri Lanka will receive […...
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
A former club cricketer from Sri Lanka defrauded his employer in Australia for nearly $250,000 which he pumped into events featuring high profile international cricketers. Navishta ‘Nav’ Desilva, 35, stole money from Omnivision, a security and surveillance company, via a series of fake purchase orders and invoices purporting to buy CCTV cameras from a legitimate […]
Heavy machine gun fire was heard along the Israel-Gaza border in the early hours of Friday, after the green light was given for a ground invasion. Yoav Gallant, the Israeli defense minister, on Thursday visited troops positioned along the Gaza border, and told them that they would soon see the Palestinian enclave ‘from inside’. An infantry commander in […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.
Sri Lanka has informed the Chinese leadership about its interest to enter into a Free Trade Agreement (FTA) with China. Chinese Vice Premier Ding Xuexiang expressed profound gratitude for Sri Lanka’s enduring support through the historic Rubber-Rice Agreement with the People’s Republic of China. He emphasized that the Chinese people will always remember this gesture […]
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it’s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to junior Finance Minister Shehan Semasinghe.The post Sri Lanka Close to IMF Agreement, Is Weighing Bondholder Terms, Semasinghe Says appeared first on ONLANKA - Sri Lanka Latest Brea...
Sri Lanka's president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China's Belt and Road Initiative.The post Sri Lanka president urges debt relief to help green transition appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.