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The Parliament is scheduled to meet from 3rd to 6th October. The parliamentary business related to this week has been decided at the Committee on Parliamentary Business chaired by Speaker Mahinda Yapa Abeywardena on 22nd of September. Accordingly, time from 09.30 a.m. to 10.30 a.m. on each day has been allotted for Questions for Oral […]
- Parliament to debate National Unity and Reconciliation Bill next week (Category: Breaking News)
- Parliament to convene from July 18th to 21st (Category: Breaking News)
- Controversial bills to be presented to Parliament on Tuesday (Category: Breaking News)
- Motion to remove the Chairman of the Public Utilities Commission passed by majority vote (Category: Breaking News)
By Saman Indrajith Minister of Justice, Prisons Affairs and Constitutional Reforms, Wijeyadasa Rajapakshe will present the Anti-Terrorism Bill, while Minister of Public Security, Tiran Alles, will present the Online Safety Bill to Parliament on 03 October. Below are the bills to be debated during the Parliament week. On Tuesday, 03 October 2023, from 10.30 am […]
- Vote on second reading of Budget 2021 today (Category: Breaking News)
- Vote on second reading of Budget 2021 today (Category: Breaking News)
- Vote on second reading of Budget 2021 today (Category: Breaking News)
- Vote on second reading of Budget 2021 today (Category: Breaking News)
Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. ...
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
- People’s Preamble To IMF Technical Report (Category: Breaking News)
- If The Speaker Had Become The President, The Economic Crisis Might Have Been Eased By Now (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Positive Progress in Securing Second IMF Tranche, Says Acting Finance Minister Shehan Semasinghe (Category: Breaking News)
- IMF team arrives in Sri Lanka to evaluate economic reforms (Category: Breaking News)
- Representatives of the International Monetary Fund express satisfaction with the implemented eco... (Category: Breaking News)
- Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks (Category: Breaking News)
President Ranil Wickremesinghe delivering the opening speech at the ‘Berlin Global’ Dialogue in Berlin, Germany, today (28), expressed the need for a comprehensive dialogue between Western nations and China, the United States of America and China and the European Union and China, as a critical component of a robust international plan capable of addressing the […]
- Sri Lanka's President Rajapaksa goes back to China (Category: Breaking News)
- The issue is about Sri Lankans (Category: Breaking News)
- President off to China (Category: Breaking News)
- Sri Lanka sees opportunity as China costs rise - President (Category: Breaking News)
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall concerns IMF team – sources appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stor...
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka’s tax revision helps correct tax revenue & expenditure imbalance – IMF (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
By Shamindra Ferdinando Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (25) questioned the conduct of some MPs who sought to direct public anger at officials over the economic crisis. Alleging that such an attempt had been made last year in the wake of attacks on politicians’ properties, Dr. Weerasinghe said that problems couldn’t […]
- People benefitting from CBSL governor s decisions- Sabry defends Dr. Weerasinghe (Category: Breaking News)
- Economic situation will worsen if political stability is not established soon  CBSL chief (Category: Breaking News)
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
- Second DDO possible if targets of current one not achieved  CBSL governor (Category: Breaking News)
[…]The post Target 2048 – Complex Economy System appeared first on Colombo Telegraph.
- Target 2048 – Develop A Knowledge-Based Innovative Economy (Category: Breaking News)
- Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
By N Sathiya Moorthy First, it was former Central Bank Governor Dr Indrajith Kumaraswamy. He was the chosen man of President Ranil Wickremesinghe, the then Prime Minister, for the job after his previous choice from Singapore, Arjuna Mahendran, scooted away in the light of the ‘bonds scam’ expose. The man is yet to be traced, for […]
- Parliament elections to be held in 2025 (Category: Breaking News)
- Ranil assures Presidential and Parliament polls next year (Category: Breaking News)
- A clichéd phrase that still makes sense and nonsense, too (Category: Breaking News)
- Parliament to meet tomorrow to debate State of Emergency (Category: Breaking News)
[…]The post Glocalization Without Financialization appeared first on Colombo Telegraph.
- Debt, Divestiture & Discontent (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
- NPP Deserves Fairness From Critics (Category: Breaking News)
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage.The post Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka given more time to repay Bangladesh s $200m loan (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)
- Sri Lanka returns another $100 million to Bangladesh (Category: Breaking News)
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last instalment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh […]
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Bangladesh did not expect Sri Lanka to pay back the loan so fast (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Zelenskyy says Ukraine has delivered grain to Sri Lanka (Category: Breaking News)
[…]The post 117th Birth Anniversary & Long Legacy Of JR Jayewardene appeared first on Colombo Telegraph.
- Presidential Ambition & Abolition Betrayal (Category: Breaking News)
- The World After Mikhail Gorbachev & Sri Lanka After JR Jayewardene (Category: Breaking News)
- “Really Real Manner Of Managing Sri Lanka” – ‘To Paris and Back’ 1977-1990 (JRJ Years) (Category: Breaking News)
- JR Jayewardene And The 20 Amendment (Category: Breaking News)
[…]The post Ambiguity Of National Evaluation Policy In Sri Lanka? appeared first on Colombo Telegraph.
- What Is Wrong With The President’s Vision & Mission? (Category: Breaking News)
- President Should Be Responsible! (Category: Breaking News)
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- Neither North Nor South, Ranil At Home With The Global Right (Category: Breaking News)
[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO appeared first on Colombo Telegraph.
- Letter To Tiran (Category: Breaking News)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
- Open Letter To The President: Mr. President, It’s Not Too Late! (Category: Breaking News)
- An Open Letter & Appeal To The IMF (Category: Breaking News)
Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]
- Sri Lanka Treasury bill yields edge lower, peg steady (Category: Breaking News)
- Standard Chartered Sri Lanka clinches ADB’s prestigious Trade Finance Deal of the Year 2020 Award (Category: Breaking News)
- Sri Lanka guidance peg edges T-bond yield edge down (Category: Breaking News)
- Sri Lanka Treasuries yield flat, peg steady (Category: Breaking News)
[…]The post The Accuser & The Accused; Is Suresh Sallay In The Cross Hairs Of A Witch Hunt? appeared first on Colombo Telegraph.
- An Open Letter To President & Judiciary – A Response (Category: Breaking News)
- An Open Letter To The President & The Judiciary (Category: Breaking News)
- An Open Letter To Securities Exchange Commission On MTD Walkers Issue (Category: Breaking News)
- An Open Letter To Securities Exchange Commission On MTD Walkers Issue (Category: Breaking News)
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
- Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- China’s Economy – Nothing Is Going Right! (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
The Sri Lanka Delegation, led by President Ranil Wickremesinghe, engaged in high-level discussions with World Bank President Mr. Ajay Banga and other World Bank officials at the World Bank Headquarters (UNHQ) yesterday (September 18).The post Sri Lanka President Ranil Wickremesinghe meets with World Bank Chief Ajay Banga appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lankan president meets with World Bank chief (Category: Breaking News)
- Sri Lanka and World Bank Discuss Economic Reforms and Collaborations (Category: Breaking News)
- Sri Lanka and World Bank discuss Economic Reforms and collaborations (Category: Breaking News)
- Former Mastercard CEO Ajay Banga elected President of World Bank (Category: Breaking News)
“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]
- CEB seeks approval for another power tariff hike, alleges Electricity Consumers’ Association (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- ‘CEB restructuring by September; power sector entities to be run separately’ (Category: Breaking News)
- CEB hydro power capacity down to 25 percent (Category: Breaking News)
The Chinese spy ship ‘Shi Yan 6’ has entered the Malacca strait, bound for Colombo, amid confusion over whether Sri Lanka has granted access for the spy vessel to dock at Colombo. According to reports last month, the Sri Lankan Defence Ministry has granted Shi Yan 6 access to dock at Colombo port. However, the Sri Lankan […]
- Sri Lanka approves request to dock Chinese Research / Survey Vessel Shi Yan 6 (Category: Breaking News)
- Chinese research vessel ‘Shi Yan 6’ to dock in Colombo today (Category: Breaking News)
- Chinese research vessel permitted to make port call in Sri Lanka in Nov. (Category: Breaking News)
- Sri Lanka grants Chinese vessel 48 hours to conduct marine research (Category: Breaking News)
[…]The post The Apologetic Custodian Of The EPF Is Also A Victim appeared first on Colombo Telegraph.
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
- New Central Bank Bill: Gaps Need To Be Filled (Category: Breaking News)
The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked an improvement from the alarming 11.5% […]
- Sri Lanka records 2.3% negative GDP growth in 2023 (Category: Breaking News)
- Sri Lanka s economy grows 1.6% in 3rd quarter of 2023 (Category: Breaking News)
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Sri Lanka plans to cut deficit to 6.8-pct of GDP in 2023 (Category: Breaking News)
Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore up the latter’s chances of winning future elections. […]
- President Ranil vows to build debt-free economy (Category: Breaking News)
- Barks of crooks (Category: Breaking News)
- President: Those who try to dictate terms to IMF have Montessori-level knowledge (Category: Breaking News)
- Exercise in futility (Category: Breaking News)
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
[…]The post IMF Is Not The Ultimate Arbiter, The People Are! appeared first on Colombo Telegraph.
- Calm Before The Storm! Aragalaya -’22 Has Rested Enough!!! (Category: Breaking News)
- Cockiness; What Price? (Category: Breaking News)
- IMF Relief Is Momentary, Blackhole Of A Gulf Between ‘Haves’ & ‘Have-Nots’ Is Widening! (Category: Breaking News)
- Intervention Or Flirtation: America’s Interest: Good Governance Or Economic Stability? (Category: Breaking News)
By Sanjeewa Jayaweera The recent decision by the Asian Cricket Council to allocate a reserve day for the India-Pakistan match in Colombo was no doubt taken to placate the commercial interests of those who would have paid for advertising slots during the live telecast of the game. Given the massive interest that matches between these […]
- Celebrating 75 years of cricketing excellence (Category: Breaking News)
- Horse had bolted by the time we figured Sri Lanka out in 1996 – Azhar (Category: Breaking News)
- My thoughts on the movie 800 (Category: Breaking News)
- Sri Lanka aware Afghanistan will be tougher opponents in ODIs (Category: Breaking News)
Global rating agency, Fitch, in its latest report downgraded Sri Lanka’s Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’. In a press release Fitch said the ratings on its local-currency bonds tendered in the domestic debt exchange have been downgraded to ‘D’ from ‘C’ while its other four local-currency bonds […]
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka s Long-Term Local-Currency IDR to C (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch upgrades Sri Lanka s long-term local-currency IDR to CCC- (Category: Breaking News)
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