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As a result of sheer negligence, Sri Lanka has ended up being categorized as a perpetrator of war crimes, and those who had fought for the country are mercilessly targeted. There cannot be a better example than Air Marshal Sumangala Dias who suffered due to Sri Lanka’s failure. Canada refused to accept Dias as Sri […]
The Central Bank informed a Parliament committee that it is confident the first tranche of the financial assistance from the International Monetary Fund (IMF) will be received during the 1st quarter of 2023. The Committee on Public Finance (CoPF) chaired by (Dr.) Harsha De Silva stressed that the committee will stand by the reforms proposed […]
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF earlier this month, saying it would commit to supporting […]
Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said. “There has been good progress this month with India already pledging financing assurances. We expect assurances from China and Japan soon,” Weerasinghe said […]
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.The post China’s EXIM bank offers Sri Lanka debt extension – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLA...
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.
Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country s Central Bank chief P. Nandalal Weerasinghe said on Tuesday.
A key factor that needs to be borne in mind when introducing electric vehicles (EV) to Sri Lanka is the need to allow only manufacturer authorized brand-new vehicles of this kind into the country, it was revealed at a recent forum organized by the Ceylon Motor Traders Association (CMTA) and the Association of International Marketing […]
Former Finance Minister, United National Party’s (UNP) Colombo district Leader Ravi Karunanayake alleged that the country went bankrupt not because of the governments, but because of the actions of the Central Bank (CB) and its officials.The post Ravi Karunanayake points finger at Central Bank for country’s woes appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA N...
By N Sathiya Moorthy Indian External Affairs Minister S Jaishankar’s visit, preceded by that of a Chinese delegation, and such other news items seem to have crowded out another equally important, possibly even more critical development out of the local media. The call by the UNHRC’s Office of the High Commissioner for Human Rights (OHCHR) […]
We are a people trapped in a fake democracy. I do not have to prove my statement. It is self-evident. We have a government that has no mandate from the people. This government ruined the agriculture of the country, defaulted on international loans, robbed the country to bankruptcy, with the economy ground to a halt […]
By Ifham Nizam Ceylon Electricity Board Chairman (CEB) Nalinda Illangakoon has informed the electricity sector regulator, the Public Utilities Commission of Sri Lanka (PUCSL), that the CEB is not in a position to maintain a continuous power supply for the benefit of the students sitting the GCE A/L examination, which commences today. The CEB chief […]
By Shamindra Ferdinando Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), Janaka Ratnayake, yesterday (22) said that Parliament couldn’t, under any circumstances, settle the simmering dispute over the power tariffs, proposed by the Ceylon Electricity Board (CEB), outside the PUCSL Act No 35 of 2002 and the Sri Lanka Electricity Act No 20 […]
[…]The post Raj Somadeva’s Yakhshi: Excellent Exposition Of History To Laymen appeared first on Colombo Telegraph.
China is expected to hand over its letter of support for financing and debt restructuring of Sri Lanka, to the International Monetary Fund (IMF) on Sunday, the Hindustan Times reported.The post Sri Lanka’s debt restructuring: China expected to inform its support to IMF today appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Sanath Nanayakkara Ronald C. Perera, President’s Counsel assumed duties as Chairman of Bank of Ceylon on Jan 20 at the BOC Head Office. Perera was welcomed by the Bank’s General Manager, Russel Fonseka, members of the Corporate Management, bank staff and other well-wishers. An experienced lawyer, Perera had his education at St. Joseph’s College, […]
By A spectator It was 10.45 am on January 31, 1996. That was the time and the date which will continue to be etched in the memories of many. The bombing of the Central Bank of Sri Lanka was one of the of the most tragic and deadly acts perpetrated by the LTTE. For 29 […]
Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.The post Sri Lanka expects financing assurances from China for IMF deal within days appeared first on Sri Lanka News - Latest Bre...
The vehicle movement on Lotus Road has been blocked due to a protest march by several professional trade unions, the police said.The post Several roads blocked in Colombo due to protests appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Ranil’s One Policy Framework, Debt & The System appeared first on Colombo Telegraph.
India’s External Affairs Minister S. Jaishankar on Thursday met Sri Lanka's top leadership and conveyed India's commitment to increase investment flows to hasten the debt-ridden island nation's economic recovery.The post Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten economic recovery appeared first on Sri Lanka News - Latest Breaking News in Sri La...
Dr. Jaishankar is in Sri Lanka to help under the “neighborhood first” strategy of India By R. R. M Lilani Dr. Jaishankar, India’s Foreign Minister, who is scheduled to arrive in Sri Lanka on January 19, 2023, has made another ‘neighbourhood first’ agreement with Sri Lanka by backing the country’s delayed debt restructuring programme with […]
[…]The post JR/Maithri/Ranil’s Contributions To Sri Lanka’s Bankruptcy appeared first on Colombo Telegraph.
By Sanath Nanayakkare The Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Tuesday that Sri Lanka had been hiding its bankruptcy which had actually occurred months before it was officially announced. He said so during a multi-TV channel programme where several key political and public officials responsible for the country’s economy were quizzed […]
Former Central Bank Governor Ajith Nivard Cabraal has sent the following response to the caption of our front-page picture yesterday. “I refer to the caption that appeared with my picture in your esteemed newspaper on Wednesday (18). It was accurately stated that the overseas travel ban against me had been extended by the Honourable Magistrate […]
India has told the International Monetary Fund that it strongly supports Sri Lanka's debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters.The post India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Earnings from Sri Lanka’s tea exports contracted 5 percent Year-on-Year (YoY) or by US$ 65.7 million to US$ 1.259 billion in 2022 due to reduced quantities shipped to importing markets.The post Tea export earnings down 5% in dollar terms, but hit record-high in rupee terms amid sharp depreciation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s official unemployment rate climbed, raising serious concerns for the policymakers, as the economic crisis is taking a severe toll on jobs, with many small and medium-sized businesses are either closing down or pushed to the brink amid elevated input costs, interest rates and decline in demand.The post Jobless rate rises to troubling levels as economic crisis stings employment appeared ...
[…]The post Accountability Issues & Human Rights Cannot Be Glossed Over appeared first on Colombo Telegraph.
by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]