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[…]The post Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table appeared first on Colombo Telegraph.
- IMF & Global Debt Crises (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is expected to shrink […]
- Sri Lanka and China’s EXIM Bank discuss debt restructuring exercise (Category: Breaking News)
- Top social media video creator/comedian promotes Sri Lanka (Category: Breaking News)
- Sri Lanka receives 1st disbursement of US$ 250 million from WB (Category: Breaking News)
- US to explore areas to support Sri Lanka (Category: Breaking News)
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March.The post World Bank set to approve $700 Million for Sri Lanka next week appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - S...
- World Bank to provide $500 million budget support to Sri Lanka (Category: Breaking News)
- World Bank provides loan to strengthen healthcare in Sri Lanka (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
ECONOMYNEXT –Sri Lanka cannot relax an import ban on vehicles, State Minister of Finance Ranjith Siyambalapitiya said, after the rupee fell steeply from around 191 to 220 level due to the operation of an inconsistent peg with one sided buying. The flexible exchange rate, concocted by Western mercantilists and peddled to countries without a doctrinal […]
- CBSL Chief: SL economy will recover at rapid pace in second half of 2023 (Category: Breaking News)
- IMF welcomes move to flexible exchange rate (Category: Business)
- Remittances through official channels up 78% in March (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
Pakistan Finance Minister Ishaq Dar claimed that geopolitics was behind a stalled loan programme as global institutions wanted Pakistan to default like Sri Lanka and then enter negotiations. Testifying before the Senate’s standing committee on finance, Ishaq Dar stressed that the country would meet its obligations with or without the IMF’s bailout package. He said […]
- Foreign powers want Pakistan to default like Sri Lanka – Pakistan Finance Minister (Category: Breaking News)
- Foreign powers want Pakistan to default like Sri Lanka- Pakistani Minister (Category: Breaking News)
- Pakistan s finance minister opposes provincial snap polls mandated by court (Category: Breaking News)
- COPF approves resolution on Domestic Debt Optimization (Category: Breaking News)
Sri Lanka's economy (LKGDP=ECI) shrank 11.5% in the first three months of 2023, official data showed on Thursday, as the country remained in the grip of its worst financial crisis in decades.The post Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- At least 17 people hospitalized after massive fire in Pettah (Category: Breaking News)
- Sri Lanka to start next round of talks with creditors in April (Category: Breaking News)
A Chinese citizen was apprehended at Tribhuvan International Airport (TIA) on 5 June under suspicious circumstances. Feng Changwen, who arrived in Nepal just two days prior, was taken into custody by airport security personnel when he attempted to board a flight to Kuala Lumpur. During a routine inspection, law enforcement officers discovered various currencies of […]
- Yuan Yen (Category: Business)
- For the chop? (Category: Technology)
- COUNTERFEIT CURRENCY RING LEADER ARRESTED (Category: Breaking News)
- COUNTERFEIT CURRENCY RING LEADER ARRESTED (Category: Breaking News)
Privatisation of the telecom industry does not pose a threat to national security, according to Professor Rohan Samarajiva, former Director General of the Telecommunications Regulatory Commission.The post Privatising telecom industry poses no threat to national security – Professor Rohan Samarajiva appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka N...
- Sri Lanka Government to go ahead with privatising SLT despite ‘NO’ from S.O.C. on National Secur... (Category: Breaking News)
- SLT Chairman Rohan Fernando removed (Category: Breaking News)
- Sectoral Oversight Committee on National Security recommends not to privatise Sri Lanka Telecom (Category: Breaking News)
- Sri Lanka’s looming IMF review spotlights anti-corruption drive (Category: Breaking News)
[…]The post Good Governance & Economic Development appeared first on Colombo Telegraph.
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
- Opinion Vs Truth (Category: Breaking News)
- Are We Rotting Or Rotten? (Category: Breaking News)
- Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution (Category: Breaking News)
[…]The post Sustainable Debt & Unsustainable Democracy appeared first on Colombo Telegraph.
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
Way back in 2017, a Nigerian delegate attending a UN Economic and Social Council (ECOSOC) conference on Africa had said, “Africa is bleeding” and warned that his continent’s system has been rigged against Africans and exploited by multinationals. The situation after the lapse of six years is no different. Irene Ovonji-Odida, Chairperson of the International […]
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
- The Chinese Trap in African Contracts (Category: Breaking News)
- China’s environmental disaster in West Africa (Category: Breaking News)
- No longer the most populous, but still China wants to be world number one (Category: Breaking News)
By Saman Indrajith SJB Parliamentarian Eran Wickremaratne has called on the government in parliament to extend debt moratoria offered to small and medium Enterprises (SMEs). Wickremaratne said on Wednesday that following the pandemic, the prolonged economic crisis had heaped further burden on SMEs; he warned the failure to provide relief could result in more job losses. “This […]
- SJB asks govt. to halt parate executions (Category: Breaking News)
- U.S. commits USD 40M loan to support small businesses, empower Sri Lankan women (Category: Breaking News)
- Cash crunch killing SMEs: SLUNBA (Category: Breaking News)
- Sajith promises to establish dedicated unit for public sector SMEs (Category: Breaking News)
The United States says it would continue to explore areas in which its engagement and support will help Sri Lanka to overcome its economic challenges and continue its structural reforms. U.S. Department of the Treasury Deputy Assistant Secretary (DAS) for Asia Robert Kaproth visited Sri Lanka June 5 – 6. He met with Ambassador Chung […]
- Tamils in Canada urged to engage in Sri Lanka’s reconciliation process (Category: Breaking News)
- Navy foils illegal migration attempt from Mannar (Category: Breaking News)
- Ranil proposed winding up UNP (Category: Breaking News)
- Twenty-two Indian fishermen detained in Sri Lankan waters (Category: Breaking News)
The Sectoral Oversight Committee on Foreign Employment and Labour has recently directed the Central Bank to submit a report detailing the institutions in which funds belonging to the Employees Provident Fund (EPF) have been invested. In addition, the committee has decided to summon experts to propose a systematic approach for utilizing EPF funds. Under the […]
- SOC reveals defaulted EPF payments by plantation companies (Category: Breaking News)
- COPF discusses effect of domestic debt restructuring on EPF (Category: Breaking News)
- EPF to be summoned before PAC (Category: Breaking News)
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
Representing Sri Lanka at the 14th International Infrastructure Investment and Construction Forum (14th IIICF) Friday (02), Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva said that under the leadership of President Ranil Wickremesinghe, the government was dedicated to driving the digitalization initiative forward under name ‘DIGIECON 2030’, signifying a pivotal step towards [...
- Sri Lanka to spend USD132M on port development projects (Category: Breaking News)
- India, SL to start ferry service between KKS and Puducherry (Category: Breaking News)
- Nimal Siripala pushes for more seagoing jobs (Category: Breaking News)
- Part of port land up for sale (Category: Breaking News)
[…]The post The Food Crisis In Sri Lanka: Why We Must Act Now! appeared first on Colombo Telegraph.
- Japan provides $ 4.6 Million through FAO to boost paddy production in Sri Lanka (Category: Breaking News)
- Japan provides $ 4.6 million through FAO to boost paddy production in Sri Lanka (Category: Breaking News)
- Drought dents Sri Lanka’s economic hopes, farmers’ livelihood (Category: Breaking News)
- EU and FAO launch initiative to improve paddy farming in Sri Lanka (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe reiterated his commitment to prevent any regression of the country to its previous state, emphasizing his determination to transform Sri Lanka into a fully developed nation by 2048.The post Government’s objective is to develop Sri Lanka as a thriving nation by 2048 appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri ...
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- Govt. to unveil National Reorganisation Plan – President (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively, CBSL said in a statement on Thursday. The decision was taken at […]
- Sri Lanka s central bank expect inflation to drop to 7% in July (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Policy interest rates reduced to enable economy to reach its true potential – CBSL Governor (Category: Breaking News)
- CBSL issues clarification on composition of Governing Board Monetary Board (Category: Breaking News)
By Shyam Nuwan Ganewatta Sri Lanka’s economy would recover at a rapid pace in the second half of 2023, Central Bank Governor, Dr. Nandalal Weerasinghe said yesterday addressing a press conference in Colombo.Dr. Weerasinghe also said that the inflation would drop to a single digit by the end of July 2023. Strict fiscal and monetary […]
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
- Sri Lanka hopes to complete debt restructuring in six months, says CBSL governor (Category: Breaking News)
- CBSL governor to stay in post, says improvement observed in political stability (Category: Breaking News)
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
[…]The post Special Statement Delivered By President Ranil Wickremesinghe: Full Text appeared first on Colombo Telegraph.
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Govt. to unveil National Reorganisation Plan – President (Category: Breaking News)
President Ranil Wickremesinghe making a special statement to the nation reiterated his commitment to prevent any regression of the country to its previous state and his determination to transform Sri Lanka into a fully developed nation by 2048. The President explained at length the measures taken by the government in the past nine months to […]
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Govt. to unveil National Reorganisation Plan – President (Category: Breaking News)
The Central Bank of Sri Lanka has relaxed its monetary policy stance in line with the faster than expected slowing of inflation. The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Central Bank of Sri Lanka decides to maintain policy rates (Category: Breaking News)
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka Central Bank to hold rates as inflation worries persist (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
People’s Bank announced the results for its quarter ended March 31, 2023 reporting total consolidated operating income and pre-tax profit amounting to LKR 24.0 billion and LKR 7.2 billion, respectively (Q1-2022: LKR 42.6 billion and LKR 11.0 billion). Similar to 2022, the quarter continued to be characterized by higher interest costs; due to the high […]
- ‘People’s Bank continues to demonstrate resilience despite extraordinarily limiting circumstances’ (Category: Breaking News)
- ‘People’s Bank continues to maintain steadfast performance’ (Category: Breaking News)
- People’s Bank reports consolidated pre-tax profit of LKR 9.4 billion (Category: Breaking News)
- Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023 (Category: Breaking News)
UBS is suspending work on its application for a wholly owned mutual fund company in China as it focuses on completing its acquisition of Credit Suisse and resolving regulatory issues raised by the new combination, according to people familiar with the matter. The rushed takeover of Credit Suisse in March complicated an effort by UBS […]
- UBS to buy Credit Suisse for $3.24bn in government-brokered deal (Category: Breaking News)
- Dubai Drydocks inks S.Asia JV with Malaysia firm (Category: Business)
- LOLC intrudes into hotel biz (Category: Business)
- A 100 room hotel to come up in Kandy (Category: Breaking News)
Even though China is South Korea’s top trading partner, Seoul’s tightening ties with the U.S. and other wealthy democratic countries reveal its interest in countering Beijing’s economic coercion, experts say. After a monthlong diplomacy effort that included summits with the U.S. and G-7 leaders, “reducing our reliance on China” and “diversifying our trading part...
- Beijing envoy warns Dutch of retaliation for chip curbs: ‘China won’t just swallow this’ (Category: Breaking News)
- Obama tells Asia, U.S. ‘here to stay’ (Category: Business)
- Japan-South Korea Summit: Countering China’s aggression and North Korea’s nuke threats (Category: Breaking News)
- In bid to counter China, US ramps up effort to boost military ties in Asia (Category: Breaking News)
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy (Category: Breaking News)
ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price […...
- Rupee appreciation alone not indicative of economic stabilisation – economist (Category: Breaking News)
- Sajith claims VAT hike will shrink economy (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-incom... (Category: Breaking News)
[…]The post Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices appeared first on Colombo Telegraph.
- Liberal Or Edible Economics: Global Disorder Worst In A Century (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
- Lanka: Dilemmas & Economic Programmes – Do We Consume More Than We Produce? (Category: Breaking News)
- Exploring The Silent Wilderness Of Self-Discovery (Category: Breaking News)
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
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